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                • Income Tax Rules Changes
                • Home>
                • Investment Plans>
                • Ulip Plans
                • How Does ULIP Work?
                • Why Invest in ULIP
                • Types of ULIPs
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                ULIP - Unit-Linked Insurance Plans

                ₹10k/M invested since 2005
                would have been ₹2.12Cr.@$ Now!

                Unit-Linked Insurance Plans (ULIPs) offer the dual benefit of life insurance and investment in a single policy. One part of the insuranc
                e premium is directed towards providing life insurance cover, while the other portion of the premium is directed towards providing investment benefits. Hence, ULIPs help policyholders achieve their long-term wealth creation goals and protect their family’s financial future in the event of their demise.
                ...Read More

                stickyImage
                High Growth Fund
                up-to Rs 46,800##
                stickyImage
                Multifactor Index Fund @$
                stickyImage
                Guaranteed*#
                Returns
                stickyImage
                99.65%^
                Death Claims Paid Ratio
                ₹10k/M invested since 2005
                would have been ₹2.12Cr.@$ Now!
                stickyImage

                Unit-Linked Insurance Plans (ULIPs) offer the dual benefit of life insurance and investment in a single policy. One part of the insuranc
                e premium is directed towards providing life insurance cover, while the other portion of the premium is directed towards providing investment benefits. Hence, ULIPs help policyholders achieve their long-term wealth creation goals and protect their family’s financial future in the event of their demise.
                ...Read More

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                Past Returns
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                Multifactor Index Fund@$
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                Whole Life Monthly Income&#
                Tax Free Income with ULIP
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                Section 80C & 10(10D)*4
                Secure Child's Dream
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                ULIP For Child Education
                ULIP Plans
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                1 Cr. at Maturity with 10K/month SIP
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                Written by

                Kriti Arora
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                Kriti Arora

                Insurance Writer

                Kriti is a content marketing and branding expert with more than 13 years of rich experience across BFSI and Telecom industries. She is currently leading Digital Creative Strategy for Axis Max Life Insurance.

                :

                Reviewed by

                Vaibhav Kumar
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                Vaibhav Kumar

                Insurance Expert

                With over 15 years in life insurance, Vaibhav is a recognized products and digital leader for driving innovation at Axis Max Life. He's played a pivotal role in developing new business lines and implementing successful D2C strategies.

                What is ULIP (Unit Linked Insurance Plan)?

                A Unit-Linked Insurance Plan (ULIP) is a financial product that combines the benefits of life insurance cover and investment in one plan. When a policyholder buys a ULIP, portion of the premium paid goes towards securing the life insurance plan and the remainder is invested.

                ULIPs offer a high degree of flexibility allowing policyholders to invest in various kinds of funds based on risk appetite. ULIP investment are subject to a lock-in period of five years and tax benefits under section 80C of the Income Tax Act under the old tax regime, as per current tax rules.

                Because ULIP returns are not guaranteed and contingent upon market performance, ULIPs are best suited as a long-term investment option. Be it for creating wealth or a retirement plan, ULIPs fit into the needs of various types of investors. Additionally, as per current tax rules, ULIP returns are tax-free in the hands of the investor as per details specified u/s 10(10D) of the Income Tax Act, 1961. However, the charges, such as premium allocation and fund management fees, need to be considered before purchasing a ULIP plan.

                It should be note that the risks in the investment portfolio of a ULIP are borne by the policyholder.

                In other words, investing in one of the best ULIPs provides a flexible approach to investment planning. ULIPs help you safely balance your fund with equity and debt components, with options to switch as the market changes. At the same time, a Unit linked insurance plan protects your investments and life goals while offering financial coverage.

                ULIP Fund and Their Performance

                • High Growth Fund

                  (SFIN: ULIF01311/02/08LIFEHIGHGR104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Very High

                  Fund 5 year Returns

                  32.15%

                  Benchmark 5 year Returns

                  31.99%

                  *(Nifty MidCap Free Float 100%)
                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended equity multi-cap fund focussing on midcaps.

                  Investment Strategy

                  This multi-cap fund focuses on mid-cap equities; meaning it invests in companies with long-term high growth potential in terms of capital value assets. At least 70% of the Fund corpus is invested in equities, with the rest invested in government securities, corporate bonds and money market instruments. Hence, the risk involved is relatively higher.

                • Secure Plus Fund

                  (SFIN: ULIF01628/04/09LIFESECPLS104

                  Investment Group: Debt

                  ULIP graph image

                  Risk Profile | Low

                  Fund 5 year Returns

                  6.83%

                  Benchmark 5 year Returns

                  6.78%

                  *(CRISIL Bond Index 100%)
                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended debt fund allowing investments for preferred duration, with the preference for government securities.

                  Investment Strategy

                  Through Systematic Transfer Plan (STP), Lifecycle Based Portfolio and Trigger Based Portfolio strategies, this Fund is designed to help investors protect their investment with a higher proportion of sovereign papers by the Government of India’s implicit guarantee for repayment of principal and interest. This Fund invests in debt instruments such as Government Securities, Corporate Bonds, Money Market Instruments etc. authorised by IRDAI for investment. The Government of India/ State Governments, Corporate and banks primarily issue it. No investment is made in equities.

                • Growth Super Fund

                  (SFIN: ULIF01108/02/07LIFEGRWSUP104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Very High

                  Fund 5 year Returns

                  19.94%

                  Benchmark 5 year Returns

                  19.79%

                  (NSE Nifty 100%)
                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended equity fund focussing on large caps.

                  Investment Strategy

                  It is primarily an equity-oriented fund. At least 70% of the fund corpus is always invested in equities. The rest is invested in debt instruments in government, corporate and money market papers.

                • Growth Fund

                  (SFIN: ULIF00125/06/04LIFEGROWTH104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | High

                  Fund 5 year Returns

                  13.59%

                  Benchmark 5 year Returns

                  13.42%

                  *(Crisil Bond Index 50% and NSE Nifty 50%)
                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended hybrid fund with the equity portion focused on large caps.

                  Investment Strategy

                  This fund offers investments across multiple asset classes including Equities, Government Securities, Corporate Bonds and Money Market Instruments. The portfolio will contain a minimum of 20% with an upper limit of 70% invested in stocks. Remaining assets are allocated to debt instruments from Government, corporate and financial instruments.

                • Balanced Fund

                  (SFIN: ULIF00225/06/04LIFEBALANC104)

                  Investment Group: Balanced

                  ULIP graph image

                  Risk Profile | Medium

                  Fund 5 year Returns

                  10.76%

                  Benchmark 5 year Returns

                  10.79%

                  *(Crisil Bond Index 70% and NSE Nifty 30%)
                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended hybrid fund investing in a mixture of debt instruments and equities.

                  Investment Strategy

                  This fund invests primarily in debt instruments, including Government Securities, Corporate Bonds, Money Market Instruments etc. Government of India/ State Governments and to some extent in Corporate Bonds and Money Market Instruments issue it. Up to 40% of its corpus can also be placed into equities, with a minimum requirement of 10% and up to a maximum of 40%.

                • Conservative Fund

                  (SFIN: ULIF00325/06/04LIFECONSER104)

                  Investment Group: Debt

                  ULIP graph image

                  Risk Profile | Medium

                  Fund 5 year Returns

                  8.19%

                  Benchmark 5 year Returns

                  8.12%

                  (Crisil Bond Index 90% and NSE Nifty 10%)
                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended hybrid fund investing predominantly in debt instruments.

                  Investment Strategy

                  Conservative Fund invests primarily in debt instruments including Government Securities, Corporate Bonds, Money Market Instruments etc. The Government of India/ State Governments and to some extent in Corporate Bonds and Money Market Instruments issue it. The Fund corpus invested is up to 15% in equities.

                • Secured Fund

                  (SFIN: ULIF00425/06/04LIFESECURE104)

                  Investment Group: Debt

                  ULIP graph image

                  Risk Profile | Low

                  Fund 5 year Returns

                  6.91%

                  Benchmark 5 year Returns

                  6.78%

                  *(CRISIL Bond Index 100%)
                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended debt fund that invests across duration.

                  Investment Strategy

                  This fund invests in debt instruments including Government Securities, Corporate Bonds, Money Market Instruments etc. authorised by IRDAI. The Government of India/ State Governments, Corporate and banks issues it. No investment is made in equities.

                • Diversified Equity Fund

                  (SFIN: ULIF02201/01/20LIFEDIVEQF104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended equity multi-cap fund focussing on large and mid-caps.

                  Investment Strategy

                  The purpose of this fund is to invest at least 70% in equities across the entire market capitalisation range, primarily targeting large and mid-cap stocks from various companies to provide investors with long-term growth opportunities while preserving investment liquidity.

                • Money Market Fund II

                  (SFIN:ULIF02301/01/20LIFEMONMK2104)

                  Investment Group: Debt

                  ULIP graph image

                  Risk Profile | Low

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended liquid fund that invests only in money market instruments.

                  Investment Strategy

                  The purpose of the fund is to deliver returns linked to Money Market levels through a portfolio with minimal interest rate and credit risk to provide a high level of safety of capital.

                • Dynamic Bond Fund

                  (SFIN: ULIF02401/01/20LIFEDYNBOF104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Low

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended debt fund that invests for a duration with focus on corporate bonds.

                  Investment Strategy

                  The fund generates higher returns by investing in high-quality and safe debt instruments including Government securities, corporate bonds and money market instruments. The aim is to maximise returns by focusing on the portfolio’s safety and liquidity.

                • Sustainable Equity Fund

                  (SFIN: ULIF02505/10/21SUSTAINEQU104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended equity fund investing in companies complying with ESG principles.

                  Investment Strategy

                  The fund aims to focus on investing in select companies that operate with social and environmental responsibility while following governance standards.

                • Pure Growth Fund

                  (SFIN: ULIF02630/12/22PUREGROWTH104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  Investments in this fund will specifically exclude companies dealing in Banking, Alcohol, Tobacco products, etc.

                  Investment Strategy

                  The fund provides medium- to long-term returns to the investors by actively managing portfolio through investment in equities, cash, and money market instruments. The fund will not invest in companies that derive significant share of income from sectors such as Alcoholic beverages, Tobacco and tobacco products, certain animal produce, Gambling, Banking & Financial Services, and Entertainment (cinema, TV, etc.).

                • Nifty Smallcap Quality Index Fund

                  (SFIN: ULIF02702/08/23NIFTYSMALL104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  To invest in a basket of stocks drawn from the constituents of the NSE Smallcap 250 Quality 50 index.

                  Investment Objective

                  To invest in a basket of stocks drawn from the constituents of the NSE Smallcap 250 Quality 50 index. The objective of the fund is to invest in companies in the above index with similar weights as the index and generate returns as closely as possible, subject to tracking error.

                • Midcap Momentum Index Fund

                  SFIN: (ULIF02801/01/24MIDMOMENTM104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE Midcap 150 Momentum 50 index.

                  Investment Objective

                  The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE Midcap 150 Momentum 50 index. The fund will invest in the companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

                • Nifty Alpha 50 Fund

                  (SFIN: ULIF02914/05/24ALPHAFIFTY104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile | Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s Nifty Alpha 50 index.

                  Investment Objective

                  The fund to invest in a basket of stocks drawn from the constituents of NSE’s Nifty Alpha 50 Index that invests in 50 stocks across small cap, mid cap and large cap segment with highest alphas within the top 300 stocks by average freefloat market capitalisation. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

                • Nifty 500 Momentum 50 Fund

                  (SFIN: ULIF03015/08/24MOMENFIFTY104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile: Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  To invest in a basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index.

                  Investment Strategy

                  The objective of fund is to invest in a basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index that invests in 50 stocks across small cap, mid cap and large cap segment, with highest normalized momentum scores within the top 500 stocks by average free-float market capitalization. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

                • Nifty Momentum Quality 50 Fund

                  (SFIN: ULIF03127/10/24MOMQUALITY104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile: Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  The objective of this fund is to invest in companies with similar weights as in the NSE’s Nifty 500 Multicap Momentum Quality 50 Index and generate returns as closely to the index as possible, subject to tracking error.

                  Investment Strategy

                  The objective of this fund is to invest in companies with similar weights as in the NSE’s Nifty 500 Multicap Momentum Quality 50 Index and generate returns as closely to the index as possible, subject to tracking error. Nifty 500 Multicap Momentum Quality 50 Index invests in 50 stocks, i.e. 10 companies from large cap universe (stocks forming part of the Nifty 100), 15 companies from midcap universe (stocks forming part of the Nifty Midcap 150) and 25 companies from the small-cap universe (stocks forming part of the Nifty Smallcap 250) based on the combination of momentum and quality factor scores.

                • Sustainable Wealth 50 Index Fund

                  (SFIN: ULIF03223/12/24SUSTWEALTH104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile: Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  An open-ended quantitative passive index fund investing in 50 companies based on FCF Yield and Dividend Yield.

                  Investment Strategy

                  The objective of the fund is to invest in a basket of 50 stocks based on a proprietary equal weighted factor-based quantitative index designed to identify top-performing stocks from the NSE 500 universe based on Free Cash Flow Yield (FCF Yield) for non-financial companies and Dividend Yield for financial companies.

                • Smart Innovation Fund

                  (SFIN: ULIF03301/03/25INNOVATION104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile: Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  An equity-oriented scheme investing in innovative companies and business with the objective to generate long term capital appreciation.

                  Investment Strategy

                  Smart Innovation Fund is a fund with a focus on investing in innovative companies and business benefitting from the evolving innovation eco-system with the objective to generate long term capital appreciation. At least 70% of the Fund corpus is invested in a basket of equity stocks over the entire market capitalization range at all times. However, the remaining is invested in government securities, corporate bonds and money market instruments; hence the risk involved is relatively high.

                • Nifty 500 Multifactor 50 Index Fund

                  (SFIN: ULIF03414/05/25MULTIFACTO104)

                  Investment Group: Equity

                  ULIP graph image

                  Risk Profile: Very High

                  New Fund

                  ULIP Mountain Image

                  Nature of Fund

                  An open ended passive equity index investing in a 50-stock portfolio selected based on a combination of momentum, quality, value and low volatility factors from the Nifty 500.

                  Investment Strategy

                  The Objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s Nifty 500 Multifactor MQVLv 50 Index based on a combination of momentum, quality, value and low volatility factors. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

                Note: Returns are 5-year Compounded Annualised Growth Rate (CAGR). Past performance is not indicative of future performance. The Star rating is the Overall Rating. Rating and returns are as on 30th April 2025.

                The Above mentioned Fund returns are after deduction of Fund Management Charges (FMC).

                In unit-linked insurance plans, the policyholder bears risks associated with the investment portfolio. Past performance is not necessarily indicative of future performance. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder cannot surrender/ withdraw linked insurance products’ investment amount completely or partially for five years. Returns are 5-year Compounded Annualised Growth Rate (CAGR). Rating and returns are as on 30th April 2025.

                © 2020 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down or up.

                The ‘Morningstar Overall Rating’ is a quantitative assessment of a fund’s past performance — both return and risk — as measured from one to five stars, with one (1) being the lowest and five (5) being the best as on 30th April 2025.

                Calculate Returns with ULIP Calculator Returns

                0

                5k

                You Get

                Invested amount
                ₹ 1.20 Lakhs
                Interest earned
                ₹ 20.68 k
                Maturity amount
                ₹ 1.41 Lakhs
                image calculator-growth-banner-img

                Pay ₹15k/Month1

                for 15 Years.

                After 30 Years,


                Get ₹1.17 Cr.1@8% Or


                Get ₹45.64 Lakhs1@4%

                View plans

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                How does a ULIP Plans Work?

                Under a unit linked insurance plan (ULIP), the investment risk in the portfolio is borne by you (as a policyholder.) The primary purpose of buying the best ULIP is to secure your loved ones financially against any unforeseen events.

                • When you invest in the best ULIP, a portion of your premium is allocated for the life insurance cover as insurance.
                • The rest is invested in various equity and debt fund options, as part of the investment.
                • Your money is invested in the market-linked funds that you choose.
                • The total corpus invested is divided into ‘units’ with a specific face value, and you are allocated "Units" in proportion to the amount you invest.
                • At any point in time, the value of each unit is referred to as the Net Asset Value (or NAV).
                • The NAV reflects any increase or decrease in the value of the underlying assets.
                • If you make partial withdrawals from the accumulated corpus, the corresponding number of Units is sold.
                • Similarly, the ULIP policy charges are deducted in the form of units.
                • At the time of maturity, you have the option to receive the total value of the fund, either as a lump sum, or monthly instalments paid over a specific period, as per the terms and conditions of the ULIP plan.
                • In case of your demise within the policy tenure, the death benefit payable to your family will be the higher of the:
                  • Sum Assured or Total Fund Value (as on the day of death)
                  • Sum Assured plus Total Fund Value

                Why Invest in ULIPs?

                Why-should-you-invest-ulip.png

                Buying the best unit linked insurance plan or ULIP in India is a viable strategy to grow your savings through market-linked funds while creating a financial backup for your family. Investing in a ULIP is beneficial if you want:

                • Flexibility to manage your money
                • Transparency of your investments
                • Security for your family’s future with comprehensive maturity and death benefits
                • Long-term market-linked returns on your ULIP investment

                Investing in the best ULIP plans for the long term can be a smart decision for you because of the following factors:

                1. Investment in ULIP plans provides healthy market-linked returns in the long run subject to market performance.
                2. The best ULIP offers flexibility to change your fund allotments, thereby providing you with the option to secure your money from market volatility.
                3. You can avail of significant tax savings on both your investments and maturity/ death benefit as per prevailing tax laws subject to change.
                4. You can provide robust insurance cover for your loved ones.

                Which Investor Class is the Most Suited for Investments in ULIP Plans?

                A unit linked insurance plan or ULIP is suitable for all salaried and self-employed individuals with dependents who seek a long-term insurance plan that offers the combined benefit of wealth creation and life insurance under a single policy.

                You can invest in the best ULIP plan in India to secure your retirement, children’s higher education, or any other financial goals. Furthermore, though ULIPs are market-linked insurance plans, you can purchase a ULIP plan even if you are not much savvy with the equity market and wish to avail of long-term capital appreciation on your money.

                Types of ULIPs

                Investing in the best unit linked insurance plan or ULIP allows you to accumulate wealth in a personalised manner, wherein you can maximise your savings as per your financial disposition and risk appetite to support different life goals. Different types of ULIP plans that may cater for your financial needs include:

                1. ULIPs for Retirement

                By investing in the best ULIP plan for retirement, the premiums paid during the ULIP tenure help you avail the total amount upon maturity of the ULIP plan for your secure life post-retirement.

                2. ULIPs for Wealth Creation

                Purchasing the best ULIP plan for wealth creation helps you accumulate the desired wealth within a specific period basis market returns. ULIPs for wealth creation are suitable for you if you wish to contribute a portion of their earnings towards ensuring long-term financial stability.

                3. ULIPs for Children

                As a parent, you want the best for your child, whether it is their present or their future. By investing in a child plan of ULIP, you can make sure that your child’s life goals are financially secure even if you are not around.

                Types of ULIP Funds

                Here are the various types of ULIP funds you can invest in:

                1. Debt Fund:

                Debt funds are invested in debt instruments. These debt instruments include corporate and government bonds, securities, and debentures. You can opt for Debt funds if you prefer investment safety over returns. As these types of funds carry low to medium risk, returns are usually not high.

                2. Equity Funds:

                If you are investing in ULIP to grow your income, you must consider equity funds. This type of fund is used to invest in shares of different companies. You can go for equity funds if you have a high risk appetite to earn high returns. These returns depend on market fluctuation. However, they provide high returns if invested with careful consideration and after proper market research.

                3. Balanced Funds:

                If your goal is to earn high returns as well as maintain some level of investment security, you can consider investing in balanced funds. Balance funds include both equity and debt instruments. Being a mix of both types of funds, the risk is spread out across highly volatile and less volatile instruments, maintaining stability.

                How to Choose the Best ULIP?

                Here are a few things that you must keep in mind while choosing the best unit linked insurance plan (ULIP) in India:

                1. Select ULIP Fund Options as Per Your Goals

                The best ULIP gives you the option to invest in various debt and equity funds. Equities help provide high growth potential returns for the long-term basis market returns. The debt options offer higher protection to your wealth against market changes. You must choose a ULIP as per your goals and risk tolerance.

                2. Choose an Adequate Life Insurance Cover

                The best ULIPs are designed to help you meet your long-term financial goals, such as your children's higher education or your retirement. Furthermore, the best ULIP also provides a financial safety net for your family in case something happens to you. Thus, you must select the right life insurance coverage amount to secure your loved ones against financial instability in your absence.

                3. Go for an Extended Investment Tenure under Your ULIP Plan

                Given the fact that the best unit linked insurance plans (ULIPs) help in wealth creation, it is prudent that you remain invested in ULIP policies for an extended period. A ULIP has a lock-in period of 5 years, and you can make partial withdrawals by surrendering or cancelling the policy after that. Also, investing in the best ULIP for a long term can help you maximise your wealth through compounded returns.

                4. Look for Maximum Tax Saving Benefits

                The best ULIP in India enables you to avail of significant tax savings as per the various sections of the Income Tax Act, 1961. Here are the tax exemption benefits that are available under a ULIP:

                • a) Tax savings up to Rs. 1.5 lakh on the premium paid towards the ULIP policy under Section 80C1.
                • b) You can switch between different equity and debt fund options.
                • c) Maturity/ death benefits under a ULIP are tax-exempt under Section 10(10D).

                What is a ULIP Calculator?

                A ULIP calculator is primarily a tool developed to help you determine the maturity amount under a unit linked insurance plan, based on your expected future investment value and returns under the ULIP policy. Online ULIP calculators have different features to estimate the future value of your chosen ULIP plan investments and expected returns, which in turn, helps you compare various ULIP plans. In other words, you can use a ULIP calculator to make rational investment decisions based on a comparative cost-benefit analysis of a ULIP plan. Such ULIP calculators help determine the maturity amount by assuming several factors. Please consult your financial advisor before investing.

                Calculating ULIP Plan Returns Using the Power of Compounding

                It is well known that the power of compounding helps your investments grow with time. But have you ever wondered how much your investments can actually grow with time? The below table illustrates the potential growth of your investment at the end of 20 years for different Unit Linked Insurance Plans assuming a monthly investment of Rs. 10,000 for 10 years:

                Type of ULIPMonthly ContributionInvestment TenureCorpus created at withdrawal after 20 years assuming 4% p.a.* returnsCorpus Created at withdrawal after 20 years assuming 8% p.a.* returnsKey Benefits of the Chosen Plan
                Wealth PlanRs. 10,00010 years17.19 lakh30.76 lakh Zero Commission, policy allocation & admin charges*
                Unlimited free fund switches*
                Eligible for 80C and 10 (10d) tax benefits4
                In-built life cover
                Capital Guarantee PlanRs. 10,00010 years21.54 lakh29.07 lakh Benefit of Market upside with protection of invested capital*
                Eligible for 80C and 10 (10d) tax benefits4
                Get benefits of two unique ULIP plans in a single investment plan*
                In-built life cover
                Child PlanRs. 10,00010 years14.99 lakh27.65 lakh Funding of premium, monthly income option and fund value at maturity*
                Zero Commission, policy allocation & admin charges*
                Eligible for 80C and 10 (10d) tax benefits4
                In-built life cover
                *T&C Apply, please refer to applicable prospectus for details
                4Tax benefits as per prevailing tax laws, subject to change
                *#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.

                Key Features of ULIPs

                key-features-of-ulip.png

                1. Investment and Insurance Benefits Under a Single Plan

                The primary purpose of the best unit linked insurance plan or ULIP is to help you avail of maximal wealth appreciation on your ULIP investment through different market-linked instruments and returns. At the same time, the ULIP provides comprehensive life insurance coverage benefits to you and your loved ones throughout the policy tenure.

                2. Switch between different Fund Options

                You can switch between the available equity and debt fund options under your unit linked insurance plan or ULIP at any time during the Policy Term. You can make up to a fixed number of switches within a financial year without incurring any additional charges. To know whether your chosen ULIP plan offers free switches, please refer to the policy document.

                3. Premium Redirection

                When you invest in the best ULIP, you may redirect your future premiums between different available funds options at any time. You would have to quote your Policy Number and specify the fund(s) to which you want to redirect the premium. You may also specify the percentage of premium you wish to allocate to each fund.

                4. Partial Withdrawals

                All ULIPs have an initial lock-in period of 5 years. You can make a fixed number of partial withdrawals from the accumulated fund value without incurring any additional charges after the completion of the lock-in period.

                Benefits of ULIPs

                1. Maturity Benefit

                On maturity of the ULIP policy, you become eligible to avail of an amount equal to the accumulated fund value as a maturity/ survival benefit.

                2. Death Benefit

                In case of untimely demise at any time within the ULIP policy tenure, your family will receive the ULIP insurance benefit as per the policy terms and conditions.

                3. Loyalty Additions

                The best ULIPs help you boost your accumulated wealth through loyalty additions, at the end of each policy year. A specific percentage of the fund value under the ULIP is added to your policy earnings through the creation of additional units. Loyalty Additions are offered under the following plans by Axis Max Life Insurance –

                • Axis Max Life Shiksha Plus Super
                • Axis Max Life Platinum Wealth Plan
                • Axis Max Life Fast Track Super

                How to Manage ULIP Funds?

                Given below are several ways through which you can opt to manage your ULIP funds:

                1. Automatic Switching

                In case you aren’t comfortable in managing your investments, you can opt for automatic switching. Under this process, professional fund managers will make switches based on the parameters you have set while you purchase the policy

                2. Self-Switching

                In this scenario, you can decide to change the premium allocation depending upon your investment portfolio, financial goals, and risk appetite . In this scenario, you can manage the investments yourself based on your investment portfolio , financial goals, and risk appetite. Most of the unit linked insurance plan providers allow investors a number of free switches during each policy year .

                3. Investment Top-Ups

                This is one of the most interesting ways for wealth appreciation. Under this, you can invest your money into ULIPs if you have additional savings. This type of fund management can be useful when you are already invested in certain scheme with high returns and you want to take the advantage of market situation to maximise returns.

                How to Claim Tax Benefit on ULIPs?

                As ULIP offers the dual benefits of life insurance and investment, you can claim a tax exemption (up to INR 1,50,000) applicable for life insurance products under Section 80C of the Income Tax Act.

                If the premium paid towards unit linked insurance plan or ULIPs exceeds Rs. 2.5 lakh, then the returns will be taxable. The rate of tax will depend on the ULIP composition.

                Best ULIP Plans with High Returns by Axis Max Life Insurance

                Axis Max Life Insurance offers the following unit linked insurance plan or ULIP variants:

                ULIP Plan NameKey Features & Benefits of ULIP Plan
                Axis Max Life Fast Track Super Plan - Achieve long-term goals while securing your future
                - Enjoy market-linked returns with 16 fund options
                - Additional loyalty rewards for staying invested
                Axis Max Life Platinum Wealth Plan - Secure your family’s future with comprehensive maturity and death benefits
                - Guaranteed loyalty additions and wealth boosters
                - Flexibility to choose premium and policy terms
                Axis Max Life Online Savings plan – Variant 1 - Inbuilt life cover with flexibility to increase cover
                - Zero policy admin and premium allocation charges
                - Flexibility to switch funds unlimited times
                - Flexibility in choosing policy term (5-30 years) and investment funds
                Axis Max Life Online Savings Plan – Variant 2 - Triple protection: Lump sum payout, monthly income, and auto policy continuation after parent's demise
                - Zero policy admin and premium allocation charges
                - Flexibility to switch funds unlimited times
                - Flexibility in choosing policy term (5-30 years) and investment funds
                Axis Max Life Shiksha Plus Super Plan - Flexibility to invest in the equity market with multiple fund options
                - Financial security for your child during emergencies
                - Funds for your child’s higher education and future expenses
                ULIP-plans-from-MaxLifeInsurance.png

                What are the Steps to Buy ULIP Plans Online?

                Unit Linked Plans or ULIP serves the primary purpose of wealth appreciation on your ULIP investment via different market-linked instruments and providing life cover. ULIP plan can be bought online is quick and simple steps. Mentioned below is the step-to-step guide to buy ULIP online:

                •  Step 1: Visit the official website of Axis Max Life Insurance or click here
                •  Step 2: Select Investment Plan. Enter the details required such as name, date of birth, gender, etc.
                •  Step 3: Click ‘View Plans’. Explore the multiple products listed on the webpage.
                •  Step 4: Now click ‘Check Eligibility’. You will be redirected to a new page to enter personal details. Check your premium estimate and then click ‘Proceed’.
                •  Step 5: Now select the payment mode such as Net Banking, Credit Card, UPI, etc.
                •  Step 6: Make the payment and enjoy the perks of Unit Linked Insurance Plan.

                ULIP Charges

                Let us take a closer look at the different ULIP charges offered by Axis Max Life Insurance:

                1. Premium Allocation Charge

                The Premium Allocation Charge is expressed as a percentage of the premium received and is levied against the allocation of variable premium amounts against different fund options.

                2. Fund Management Charge

                This is a charge levied as a percentage of the value of assets and shall be appropriated, usually daily, by adjusting the Net Asset Value (NAV) of the Fund. The rate to be levied will be equal to the annual rate, as given above, divided by 365 and multiplied by the number of days that have elapsed since the previous unit valuation date.

                3. Policy Administration Charge

                This is a charge expressed as a percentage of premiums paid for all variants and is levied at each monthly anniversary by cancelling proportionate units starting from the date of commencement of the policy.

                4. Mortality Charges

                Mortality charge is levied for providing risk cover to the Life Insured during the Policy Term. This charge is unisex and is levied on the attained age of the Life Insured on the Sum at Risk, and these charges are guaranteed for the entire Policy Term.

                5. Surrender / Discontinuance Charge

                This charge shall be levied on the Fund Value at the time of Discontinuance of Policy or effecting Complete Withdrawal (Surrender), whichever is earlier.

                6. Switch Charge

                A maximum of twelve Switches are allowed in any policy year and are free of charge. Switches may be permitted during the settlement period.

                7. Premium Redirection Charge

                A maximum of six Premium Redirections are allowed in each policy year and are free of any charge.

                8. Partial Withdrawal

                After the first five policy years, a maximum of two partial withdrawals are allowed in a policy year and are free of any charge. No partial withdrawal will be permitted during the period of discontinuance and settlement period.

                Here is a summary of the different charges for ULIPs from Axis Max Life Insurance:

                Charges / PlansPremium Allocation ChargeFund Management ChargePolicy Administration ChargeMortality ChargesSurrender / Discontinuance ChargeSwitch ChargePremium Redirection ChargePartial WithdrawalRider Charge
                Axis Max Life Fast Track Super PlanYesYesYesYesYesNoNoNoNo
                Axis Max Life Platinum Wealth PlanYesYesYesYesYesNoNoNoYes
                Axis Max Life Online Savings plan – Variant 1NoYesNoYesYesNoNoNoNo
                Axis Max Life Online Savings Plan – Variant 2NoYesNoYesYesNoNoNoNo
                Axis Max Life Shiksha Plus Super PlanYesYesYesYesYesNoNoNoNo

                For more details about the applicable ULIP plan charges, you can refer to the individual policy leaflets.

                What is ULIP NAV?

                ULIP NAV is an important parameter when it comes to keeping track of the fund’s performance in ULIP.
                The value of units held in ULIP is calculated every day. It is an indicator of the market value of units held in the fund. You can use ULIP NAV to calculate the increase in the value of the investment to make significant and reliable investment decisions.

                Myths about Investing in ULIPs

                ULIP is a popular investment option in India. However, with such popularity comes a lot of misconceptions. Here are some of the myths surrounding investment in ULIP:

                1. ULIP Carries More Risk:

                Many believe that ULIPs carry more risk, as they invest in market-linked instruments. Even though market-linked instruments do not guarantee returns because these are affected by market fluctuations, they are not a risky investment if made mindfully.

                If risks are one of your greatest concerns, you can also go for minimal-risk instruments.

                Debt funds, particularly, are safer as they invest in government securities and government bonds.

                2. Market Returns Affect Life Cover:

                ULIP provides you with the dual benefits of insurance and investment. Although market fluctuations affect your returns, they do not affect your life cover. Even when the market is crashing, your life cover would remain the same as promised. You can get the life cover, or fund value, whichever is higher of the two.

                3.ULIP does not Offer Health and Accident Cover:

                Apart from being an investment tool, ULIP is also an insurance tool. This means that riders can come as add-ons to both basic life insurance policy as well as ULIP. These riders can include Waiver of Premium, Critical Illness, Accidental Death Rider, Hospital Cash Benefit, etc., depending on the insurer you have chosen.

                Terms Related to ULIP Plan

                Before purchasing an ULIP plan, it is important to have a sound knowledge about the various terms involved in ULIP plans. Here is a list of important terms in ULIPs:

                1. Fund Value:

                It refers to the total value of investments in ULIP.

                2. Sum Assured:

                It is the minimum amount guaranteed by the insurer to the nominee of the policyholder, in case of an eventuality of the policyholder.

                3. Fund Switch:

                Under this feature, policyholder can switch between various given fund options. Free switch options during a policy term is limited and differs from insurer to insurer.

                4. Surrender Value:

                It is the Paid by the life insurer to the policy holder in event of contract or policy surrender.

                5. ULIP Charges:

                The insurer levies certain charges such as fund management charges, premium allocation charges, mortality charges, etc. commonly called as ULIP charges.

                6. Net Asset Value (NAV):

                The NAV refers to the value of each unit in your ULIP investment. It is the net value of an investment fund’s assets minus the liabilities, divided by the total number of units in fund.

                7. Single-Premium Contract:

                A ULIP which is made functional upfront by a single or lump-sum payment of the payable premium.

                8. ULIP Riders:

                ULIP riders are additional covers that you can buy along with your base ULIP plan

                ULIP Plans – FAQs

                search

                Which is the best ULIP?

                Any ULIP that allows you to maximise your savings through regular market-linked investments while offering a robust life insurance cover to you and your family is the best for you. After comparing different ULIP options available and using a ULIP calculator, estimate which ULIP offers the desired investment-cum-insurance benefits.

                What is the right time to invest in ULIP?

                Investing in a ULIP provides sustainable long-term benefits. Therefore, if you are a salaried or self-employed individual, it is advisable that you invest in a ULIP the moment you start earning an income and choose a policy tenure that extends throughout your working years. This will help you maximise your returns under the ULIP while ensuring that your family members are protected against life's uncertainties at all times.

                Is ULIP better than Mutual Funds?

                 Both Mutual funds and ULIPs offer market-linked returns on your investment. However, ULIPs offer certain advantages over mutual funds as follows:

                1. Dual benefits of investment cum life insurance benefits under a single plan
                2. Tax saving benefits (since ULIPs are essentially considered to be life insurance plans) [other than ULIPs, only ELSS or Equity Linked Savings Schemes provide tax benefits under Section 80C of Income Tax Act, 1961]
                3. Maturity/ death benefits are exempt under Section 10(10D) of the Income Tax Act, 1961.

                Are ULIPs a good investment?

                With a ULIP, you can avail significant investment returns as per your risk appetite and financial disposition, while protecting your loved ones from the uncertainties of life. At the same time, a ULIP helps you lower your tax liability, by leveraging tax-saving deductions and exemptions on both premium payable and ULIP maturity/ death benefit.

                Are ULIPs suitable for the long term?

                Almost every ULIP in India offers long-term wealth-creation opportunities. The earlier you invest in a ULIP the better chances you have to maximise your returns during the investment period. ULIPs allow you to protect your loved ones throughout your working years with insurance cover while providing significant returns on your market-linked returns to support your goals and life post-retirement.

                Can I cancel/surrender my ULIP plan?

                You may choose to surrender/ discontinue your ULIP investment. When you choose to cancel your ULIP investment, you may have to pay Surrender/ Discontinuance Charges and forgo a significant portion of your accumulated returns and the life cover benefit will also cease to exist. Thus, cancellation/ discontinuance of your ULIP investment is not advisable.

                When can I withdraw ULIP?

                All ULIPs have an initial lock-in period of 5 years, wherein all ULIP charges are levied on your investment. Once the lock-in period completes, you can choose to make a fixed number of partial withdrawals from your ULIP in a given financial year as per the terms and conditions of the plan.

                What is the expiry date of the lock-in period?

                All ULIPs have an initial lock-in period of 5 years.

                What does fund value mean?

                Under a ULIP, you can choose from different fund options for investing as per your risk appetite and existing market conditions. The total financial worth of the units owned by you (as the policyholder) is known as the Fund Value. Fund Value can be calculated for a particular day by multiplying the number of units held by you with the Net Asset Value (NAV) of each unit.

                What are the charges in ULIP?

                There are different charges levied under a ULIP, including Premium Allocation Charges, Fund Management Charges, Policy Administration Charges, Mortality Charges, Surrender/ Discontinuance Charges, Switch Charges, Premium Redirection Charges, and other Miscellaneous Charges.

                How is the fund value calculated in ULIP?

                The fund value or the total financial worth of the units owned by you (as the policyholder) can be calculated by multiplying the number of units held by you with the Net Asset Value (NAV) of each unit. The NAV is subject to daily variations, i.e. it changes daily depending on the existing market conditions.

                What is NAV?

                The NAV or Net Asset Value is essentially the value of your total holdings. The NAV is calculated by adding the holdings under the plan, as on a given day, and deducting all applicable charges.

                How Can I Reduce Risk on my ULIP Investment?

                A ULIP allows you to avail of maximal returns by allocating your investment to different equity and debt instruments whose values are subject to market changes. However, the risk associated with ULIP investment is significantly lowered because you have the flexibility to switch between aggressive and more conservative fund options available under the ULIP, depending upon your risk tolerance and market conditions. This way, you can take steps to minimise your risk and protect your investments from market volatility.

                What is AUM?

                AUM or Asset Under Management is described as the total market value of investments or assets managed by the life insurance company on behalf of its investors. AUM represents the overall market value of a particular fund option – combining the value of the asset and capital.

                How much return is guaranteed in ULIP?

                Returns are not guaranteed in ULIP as the investments depend on market fluctuations. However, you can maintain investment safety by choosing debt funds. Additionally, risk can also be adjusted by staying invested in the long run.

                How are units allotted under a ULIP?

                The premium you pay is allocated towards life cover and investment. After investing in a life cover, the remaining premium is used to make investments in funds. This investment is made according to your choice. Once you decide these funds, the fund manager invests the amount in the best market options available under chosen fund type.

                How can I track my ULIP’s fund value?

                Most insurance providers allow you to track your ULIP fund performance through their online portal. However, you can also calculate the fund value using a ULIP calculator. The same can be calculated manually by multiplying the NAV of the fund with the number of units held.

                How is ULIP different from Traditional Plans?

                The major difference between ULIP and traditional plans is that ULIP is more than just an insurance product. ULIP is also an investment instrument. No other life insurance plan invests the premium in market-linked instruments. Additionally, ULIPs have a shorter lock-in period, whereas other plans have a lock-in period till maturity.

                Is interest in ULIP taxable?

                According to the latest guidelines, the maturity amount due to the subscriber would be tax-free – given the aggregate annual premium is less than INR 2.5 lakh a year. Capital gains tax would be applicable if the premium is above INR 2.5 lakh.

                ARN: PCP/UP/231224

                 1The assumed rate of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male with 15 years’ premium payment term, and 30 years’ policy term with Axis Max Life Online Saving Plan (Unit-Linked Non-Participating Individual Life Insurance Plan. Life Insurance is available in this product.)

                Sources:

                www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89

                www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=55

                www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx

                www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=134

                www.incometaxindia.gov.in/Pages/tools/deduction-under-section-80c.aspx

                www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11865&Mode=0

                www.rbi.org.in/Scripts/FAQView.aspx?Id=79

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                DISCLAIMERS

                Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

                Corporate Office: Axis Max Life Insurance Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.

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                *Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws.

                Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961. Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage.

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                Disclaimers for Market Linked Plans & Saving plans:

                THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR.

                Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.

                Axis Max Life Online Savings Plan is a Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06)

                *1The aggregate annualized premium should not be more than 5 lakhs (one or more policies put together) for non-linked non-par savings insurance plan in any given year of policy term to be eligible for Section 10 (10D) exemption.

                *3All claims that qualify for InstaClaim will be paid within 3 hrs from the date of submission of all mandatory documents else Axis Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been received for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. Mandatory Documents: Original policy document; Original/attested copy of death certificate issued by local municipal authority; Death claim application form (Form A); NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof; Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/Viscera Report (in case of accident death).

                *#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.

                Privacy Policy

                ^^On completion of policy term

                The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.

                Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day. Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification. Mandatory Documents:

                > Original policy document

                > Original/attested copy of death certificate issued by local municipal authority

                > Death claim application form (Form A)

                > NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof

                > Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

                1The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount

                2Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).

                315% discount is applicable only on the first year premium for salaried employees with a corporate, purchasing Smart Term Plan Plus (UIN: 104N127V02). During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. 15% discount (applied on standard male premium rates) is applicable for lifetime for females.

                4InstaClaim TM is available for all versions of (UIN: 104N125V07). Mandatory Documents:

                • Original policy document
                • Original/attested copy of death certificate issued by local municipal authority
                • Death claim application form (Form A)
                • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof
                • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

                5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition

                6Applicable for Titanium variant of Axis Max Life Smart Fixed-return Digital plan (Premium payment of 5 years and Policy term of 10 years) and a healthy male of 18 years paying Rs. 30,000/- per month (exclusive of all applicable taxes) with 7.45% return. Life Insurance is available with this product

                7Available with Axis Max Life Smart Wealth Plan (UIN: 104N116V14)

                8Available with Axis Max Life Smart Fixed-return Digital Plan (UIN: 104N123V05). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid.

                9The percentage savings is for a regular pay Axis Max Life Smart Secure Plus Plan (A Non Linked Non Participating Individual Pure Risk Life Insurance Plan, UIN: 104N118V11)– Life Option for 1 Cr. life cover for a 35 year old, non-smoker male for a policy term of 40 years vs a 10 year policy term with the same details’

                ##Tax conditions :

                ##Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, fall under 30% income tax slab having taxable income less than Rs. 50 lakhs and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, fall under 30% income tax slab having taxable income less than Rs. 50 lakhs and Opt for Old tax regime.

                CI Rider disclaimers:

                AXIS MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN: 104B033V02) available as a rider on payment of additional premium.

                >Extended cover of up to 85 years is available with gold and platinum variant only

                @64 critical illnesses covered in platinum and platinum plus variant on payment

                22 critical illnesses covered in gold and gold plus variant

                *^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium.

                ~Conditions for premium break: Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years

                ~1 Conditions for Special exit value:

                Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid.

                ~2 Voluntary Top-up Sum assured:

                Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception

                ^^*^^Free look period conditions:

                The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

                ^Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024

                #1A flat 15% discount on the premium will be applicable throughout the Premium Payment Term for Female Life Insured with Axis Max Life Smart Term Plan Plus (UIN: 104N127V02).

                #3Tax benefits as per prevailing tax laws, subject to change

                Terms and conditions for availing 5% employee discount:

                <Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page.

                Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns. The premiums & funds are subject to certain charges related to the fund or to the premium paid.

                The premium shall be adjusted on the due date even if it has been received in advance.

                For Total Installment Premium - Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any.

                For Return of Premium - The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating Individual Life Insurance Savings Plan.

                For Riders - #Applicable Rider available on the payment of Additional Premium is Axis Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Health Insurance Rider | UIN: 104B033V02. Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider.

                For Additional Benefits– ##On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

                *~Disclaimers

                Axis Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk life insurance plan |Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard premium for 30-year-old healthy male, non-smoker, 40 years’ policy term, 40 years’ premium payment term (exclusive of GST) for Axis Max Life Smart Secure Plus Plan.

                ##Policy continuance benefit is not available with lifelong wealth variant. **The accrued income will be accumulated on an annual basis at the prevailing reverse repo rate (publish on RBI’s website).

                #With “Save the date”, you can choose to take your annual income to any special date in a year.

                ***Available with early wealth variant. Income benefit will be paid as per selected plan terms.

                ~Accidental death benefit is available in call variants except for Single premium variant. Life insurance coverage is available in this product.

                #~Term Insurance plan bought online directly from Axis Max Life Insurance has no commissions involved.

                ~1Axis Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Life Insurance Plan | Standard Premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Axis Max Life Smart Secure Plus Plan | ~1 Conditions for special exit value: Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of premium variant is not chosen. No additional premium to be paid. Option to receive all premiums back (exclusive of GST). Flexibility of exiting the plan early. Special Exit Value cover applicable till age 68 & above (of your age). T&C Apply.

                @>Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02) is available on payment of additional premium. It covers 64 critical illnesses under Platinum & Platinum Plus variant

                #Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

                ^1Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 50 lakh.

                ^2Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 75 lakh.

                ^3Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 1 Cr.

                ^4Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 1.5 Cr.

                ^5Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 2 Cr.

                ^6Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 5 Cr.

                ^7Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Term Plan Plus (UIN: 104N127V02) - Regular Cover with a life cover of Rs. 1 Cr.

                ~*Disclaimer: Standard premium for 24-year old healthy female,non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07)

                ^~Disclaimer: 5 year return (CAGR – Compound Annualised Growth Rate) from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 31/07/2024

                ^~The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back. The value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male, with 10 years premium payment term, and 35 years policy term with Axis Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product).

                *++Axis Max Life's Nifty Alpha 50 Fund tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The above values have been calculated by projecting historical returns of the Nifty Alpha 50 index, after adjusting for all expenses, except the tracking error, in Axis Max Life online savings plan (variant 1) for a 35-year-old male investing 10k per month for 10 years and maturity after 20 years. The calculations have been done using historical returns of the Nifty Alpha 50 index and may not be indicative of the future performance of Axis Max Life's Nifty Alpha 50 Fund. The above values have been calculated basis 10 year returns of 26.4% (30th Apr'24) of the Nifty Alpha 50 Index.

                *+Nifty Mid-cap 150 Momentum 50 Index was launched in Aug’22. These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s Midcap Momentum Index fund. 10 year return of NIFTY Midcap 150 Momentum 50 Index as on 27/05/2024. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index.

                *&10 year return of Nifty Smallcap 250 Quality 50 Index as on 30/04/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Max Life Nifty Smallcap Quality Index Fund is passively managed Index Fund that mirrors Nifty Smallcap 250 Quality 50 Index. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

                ^*All claims that qualify for InstaClaim will be paid within 3 hrs from the date of submission of all mandatory documents else Axis Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been received for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. Mandatory Documents: Original policy document; Original/attested copy of death certificate issued by local municipal authority; Death claim application form (Form A); NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof; Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/Viscera Report (in case of accident death).

                @1Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

                @2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

                #*Axis Max Life Insurance’s Sustainable Wealth 50 Index Fund (SFIN: ULIF03223/12/24SUSTWEALTH104), which is a passively managed Index Fund that mirrors Axis Max Life Sustainable Yield Index, subject to tracking error. The fund value calculation is done by projecting historical returns of Axis Max Life Sustainable Yield Index, after adjusting for all expenses (except tracking error) in Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V03) for a 30-year-old male investing 5k/10k per month for 20/10 years. The above values have been calculated assuming 25.2% p.a. gross investment returns as in Nov'24, which is the 10-year return of Axis Max Life Sustainable Yield Index. (back tested).

                @3Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

                7Disclaimer: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600 for 12 years for 30-year-old male with Axis Max Life Smart Wealth Plan – Long Term Variant. A non-linked non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due premiums are paid. Total premiums paid is exclusive of GST. Life Insurance is available in this product.

                @4Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Term Plan Plus (UIN:104N127V02)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate.

                @5Disclaimer: Standard premium for 20-year old healthy female, non-smoker, 25 years policy term, 25 years premium payment term (exclusive of GST) for Rebalancing Cover Variant of Axis Max Life Smart Term Plan Plus (UIN:104N127V02) Sum Assured of 1 Cr | The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

                @6Disclaimer: The policyholder will get back 200% of total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums (if any) (excl. of GST), if the policyholder exercises this option at policy year (Policy Term-10) only. This option will not applicable for Regular Pay and Pay Till 60. The minimum policy term will be 40 years for special exit value.

                @7Disclaimer: Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 years premium payment term (exclusive of GST) for Rebalancing Cover Variant of Axis Max Life Smart Term Plan Plus (UIN:104N127V02)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

                @8Disclaimer: Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN: 104N127V02)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

                Disclaimer: ~10 year CAGR of Nifty SmallCap 250 Quality50 index as on 24/07/2023. Max Life Nifty Smallcap Quality Index Fund is passively managed Index fund that tracks the Nifty SmallCap 250 Quality50 index (subject to tracking error).

                Disclaimer: @2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07). **The above mentioned is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employee with a corporate, purchased via web link | ~1Get back 4.67 Lakhs premiums paid under Special Exit value at 36th Policy Year. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up| ~Singapore, Hong Kong, New Zealand, Australia, Canada, UAE, Oman, Qatar, Saudi Arabia, Kuwait, Sri Lanka, Maldives, Fil, Brunei, Taiwan, Mauritius, South Korea, Bahrain, China, France, Germany, Switzerland, Austria, Hungary, USA, UK, Japan, Belgium, Denmark, Spain, Greece, Ireland, Luxemburg, Italy, Netherlands, Finland, Sweden, Norway.

                Disclaimer: @++ Axis Max Life’s NIFTY Momentum Quality 50 Fund (SFIN: ULIF03127/10/24MOMQUALITY104) is a passively managed Index Fund that mirrors NIFTY 500 Multicap Momentum Quality 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NIFTY 500 Multicap Momentum Quality 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life Online Savings Plan (UIN: 104L098V06) for a 30-year-old male investing 10k per month for 10 years. The above values have been calculated assuming 24.9% p.a. gross investment returns as on 16/10/2024, which is the 10-year return of NSE's NIFTY 500 Multicap Momentum Quality 50 Index (backtested)

                ~4Subject to submission of all documents required for GST waiver. GST waiver/refund is not applicable for ULIP plans.

                Disclaimer: **+NIFTY 500 Momentum 50 Index was launched in June'24. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices as on 11 June’24 and are not indicative of returns on Axis Max Life Insurance’s newly launched NIFTY 500 Momentum 50 Fund. Axis Max Life’s NIFTY 500 Momentum 50 Fund (SFIN: ULIF03014/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSE’s NIFTY 500 Momentum 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s NIFTY 500 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life Online Savings Plan (UIN: 104L098V06) for a 30-year-old male investing 10k per month for 10 years. The above values have been calculated assuming 25% p.a. gross investment returns as on 11 June'24, which is the 10-year return of NSE's NIFTY 500 Momentum 50 Index (backtested).

                Disclaimer: #^Axis Max Life Smart Innovation Fund (SFIN: ULIF03301/03/25INNOVATION104), which is an actively managed fund does not have any past performance benchmarks. The above values have been calculated for a 35-year-old male investing 10k per month for 10 years assuming 20.8% p.a. gross investment returns basis 5 years’ performance of existing active fund with Axis Max Life Insurance, as on date 31st Jan'25 after adjusting for all expenses in Axis Max Life’s Capital Guarantee Plan which is combination of Axis Max Life Online Savings Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN: 104N116V13). | Investors in this plan are not offered guaranteed/ assured returns. | The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year. The premium shall be adjusted on the due date even if it has been received in advance. Applicable taxes, cesses and levies as imposed by the government from time to time will be deducted from the premiums received or from the funds, as applicable.

                Disclaimer: @$The Nifty500 Multifactor MQVLv 50 Index was launched in Feb’25. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s NIFTY 500 Multifactor 50 Index fund. Axis Max Life’s NIFTY 500 Multifactor 50 Index fund (SFIN: ULIF03414/05/25MULTIFACTO104) is a passively managed Index Fund that mirrors NSE’s Nifty500 Multifactor MQVLv 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s Nifty500 Multifactor MQVLv 50 Index, after adjusting for all expenses (except tracking error) Axis Max Life’s Online Savings Plan (UIN: 104L098V06)) for a 30-year old male investing 5K/10K per month for 10 years. The above return values have been calculated assuming 21% p.a. gross investment returns, which is the returns since inception of NSE's Nifty500 Multifactor MQVLv 50 Index (backtested) as on 24th April 2025. For FWAP, replace Axis Max Life’s Online Savings Plan (UIN: 104L098V06) with Axis max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04).

                Please note, while our website has been updated with the changed corporate name and brand identity, our product collaterals will be updated in due course. We regret any inconvenience caused.

                Disclaimer: *6Check the Total Premium amount against the respective monthly premium values in the below table.

                For Sum assured of 75 lakh, 1 crore, 1.5 crore and 2 crore, the below calculations are based on Axis Max Life Smart Total Elite Protection Term Plan (A Non Linked Non Participating Individual Pure Risk Life Insurance Plan, UIN:104N125V07). Monthly premium amounts are excluding GST and before any applicable discounts assuming Regular Pay and monthly payment mode..

                Age of Male ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
                SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
                18 Years (PPT: 67 years)1,488/Month
                Total Premium: 11.33 lakh
                930/Month
                Total Premium: 7.08 lakh
                1,500/Month
                Total Premium: 11.42 lakh
                938/Month
                Total Premium: 7.14 lakh
                2,251/Month
                Total Premium: 17.13 lakh
                1,407/Month
                Total Premium: 10.71 lakh
                2,675/Month
                Total Premium: 20.37 lakh
                1,672/Month
                Total Premium: 12.73 lakh
                25 Years (PPT: 60 years)1,966/Month
                Total Premium: 13.40 lakh
                1,228/Month
                Total Premium: 8.38 lakh
                2,054/Month
                Total Premium: 14.06 lakh
                1,284/Month
                Total Premium: 8.75 lakh
                3,081/Month
                Total Premium: 21.01 lakh
                1,926/Month
                Total Premium: 13.13 lakh
                3,607/Month
                Total Premium: 24.59 lakh
                2,255/Month
                Total Premium: 15.37 lakh
                35 Years (PPT: 50 years)3,182/Month
                Total Premium: 18.08 lakh
                1,989/Month
                Total Premium: 11.30 lakh
                3,592/Month
                Total Premium: 20.41 lakh
                2,245/Month
                Total Premium: 12.76 lakh
                5,388/Month
                Total Premium: 30.61 lakh
                3,367/Month
                Total Premium: 19.13 lakh
                5,947/Month
                Total Premium: 33.79 lakh
                3,717/Month
                Total Premium: 21.12 lakh
                45 Years (PPT: 40 years)5,971/Month
                Total Premium: 27.14 lakh
                3,732/Month
                Total Premium: 16.96 lakh
                6,629/Month
                Total Premium: 30.13 lakh
                4,143/Month
                Total Premium: 18.83 lakh
                9,944/Month
                Total Premium: 45.20 lakh
                6,215/Month
                Total Premium: 28.25 lakh
                12,546/Month
                Total Premium: 57.02 lakh
                7,841/Month
                Total Premium: 35.64 lakh
                55 Years (PPT: 30 years)11,656/Month
                Total Premium: 39.73 lakh
                7,285/Month
                Total Premium: 24.83 lakh
                13,719/Month
                Total Premium: 46.77 lakh
                8,574/Month
                Total Premium: 29.23 lakh
                20,578/Month
                Total Premium: 70.15 lakh
                12,861/Month
                Total Premium: 43.84 lakh
                26,160/Month
                Total Premium: 89.18 lakh
                16,350/Month
                Total Premium: 55.74 lakh
                60 Years (PPT: 25 years)16,846/Month
                Total Premium: 47.86 lakh
                10,529/Month
                Total Premium: 29.91 lakh
                19,966/Month
                Total Premium: 56.72 lakh
                12,479/Month
                Total Premium: 35.45 lakh
                29,949/Month
                Total Premium: 85.08 lakh
                18,718/Month
                Total Premium: 53.18 lakh
                37,689/Month
                Total Premium: 107.07 lakh
                23,555/Month
                Total Premium: 66.92 lakh

                 

                 

                Age of Female ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
                SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
                18 Years (PPT: 67 years)1,488/Month
                Total Premium payable: 11.33 lakh
                930/Month
                Total Premium payable: 7.08 lakh
                1,500/Month
                Total Premium payable: 11.42 lakh
                938/Month
                Total Premium payable: 7.14 lakh
                2,251/Month
                Total Premium payable: 17.13 lakh
                1,407/Month
                Total Premium payable: 10.71 lakh
                2,675/Month
                Total Premium payable: 20.37 lakh
                1,672/Month
                Total Premium payable: 12.73 lakh
                25 Years (PPT: 60 years)1,707/Month
                Total Premium payable: 11.64 lakh
                1,067/Month
                Total Premium payable: 7.28 lakh
                1,744/Month
                Total Premium payable: 11.89 lakh
                1,090/Month
                Total Premium payable: 7.43 lakh
                2,616/Month
                Total Premium payable: 17.84 lakh
                1,635/Month
                Total Premium payable: 11.15 lakh
                2,972/Month
                Total Premium payable: 20.26 lakh
                1,858/Month
                Total Premium payable: 12.67 lakh
                35 Years (PPT: 50 years)2,617/Month
                Total Premium payable: 14.87 lakh
                1,636/Month
                Total Premium payable: 9.29 lakh
                2,905/Month
                Total Premium payable: 16.50 lakh
                1,815/Month
                Total Premium payable: 10.32 lakh
                4,357/Month
                Total Premium payable: 24.76 lakh
                2,723/Month
                Total Premium payable: 15.47 lakh
                4,801/Month
                Total Premium payable: 27.28 lakh
                3,000/Month
                Total Premium payable: 17.05 lakh
                45 Years (PPT: 40 years)4,794/Month
                Total Premium payable: 21.79 lakh
                2,996/Month
                Total Premium payable: 13.62 lakh
                5,061/Month
                Total Premium payable: 23.00 lakh
                3,163/Month
                Total Premium payable: 14.38 lakh
                7,591/Month
                Total Premium payable: 34.50 lakh
                4,744/Month
                Total Premium payable: 21.56 lakh
                9,496/Month
                Total Premium payable: 43.16 lakh
                5,935/Month
                Total Premium payable: 26.98 lakh
                55 Years (PPT: 30 years)8,883/Month
                Total Premium payable: 30.28 lakh
                5,552/Month
                Total Premium payable: 18.93 lakh
                10,102/Month
                Total Premium payable: 34.44 lakh
                6,314/Month
                Total Premium payable: 21.52 lakh
                15,153/Month
                Total Premium payable: 51.66 lakh
                9,471/Month
                Total Premium payable: 32.29 lakh
                19,378/Month
                Total Premium payable: 66.06 lakh
                12,111/Month
                Total Premium payable: 41.29 lakh
                60 Years (PPT: 25 years)12,611/Month
                Total Premium payable: 35.83 lakh
                7,882/Month
                Total Premium payable: 22.39 lakh
                14,826/Month
                Total Premium payable: 42.12 lakh
                9,266/Month
                Total Premium payable: 26.32 lakh
                22,239/Month
                Total Premium payable: 63.18 lakh
                13,899/Month
                Total Premium payable: 39.49 lakh
                27,941/Month
                Total Premium payable: 79.38 lakh
                17,463/Month
                Total Premium payable: 49.61 lakh