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                • Income Tax Rules Changes
                • Home>
                • Pension Plans
                • What are Retirement/Pension Plans?
                • Importance
                • How does it work?
                • Types
                • Features of Annuity Plans
                • Benefits of Annuity Plans
                • Benefits
                • Features
                • Comparison
                • Factors To Consider
                • What is Retirement Planning?
                • How to Save?
                • Why Start Retirement Planning?
                • Guide For Salaried
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                Pension Plans

                ₹10K/m invested since 2005 would have been ₹2.59Cr.#^Now

                A pension plan is designed to cater to your financial needs once you retire, including medical emergencies, household expenses, and othe
                r living costs. Investing in the best retirement plans is essential to secure your golden years. These financial instruments help you shape your hard-earned money into your retirement corpus.
                ...Read More

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                Tax savings
                up-to Rs 46,800##
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                Additional
                Critical Cover@>
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                Guaranteed*#
                Returns
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                99.65%^
                Death Claims Paid Ratio
                ₹10K/m invested since 2005 would have been ₹2.59Cr.#^Now
                stickyImage

                A pension plan is designed to cater to your financial needs once you retire, including medical emergencies, household expenses, and othe
                r living costs. Investing in the best retirement plans is essential to secure your golden years. These financial instruments help you shape your hard-earned money into your retirement corpus.
                ...Read More

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                Axis Max Life Pension Plans

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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 are Retirement or Pension Plans?

                Retirement and pension plans are financial instruments that can shape your hard-earned income into savings for your post-retirement life. It comes in various forms to cater to a multitude of savings and investment goals, enabling a financially stable retired life.

                Retirement is a time when you can finally unwind and realize your long-held ambitions. However, if you are financially unprepared, it can be a difficult time. As a result, it is in your best interest to consider a pension plan, also referred to as a retirement plan, and understand how important it is at a young age. You will have more time to start saving for your retirement if you do so.

                Secure Your Future with Axis Max Life Pension Plans

                A pension plan is a fund that you build throughout your life to ensure a permanent source of income after your retirement. It is an investment that grows through regular contributions. So, when you plan for your retirement at an early stage in life by purchasing the best pension plan in India, it helps secure a sizeable fund.

                In general, there are different ways in which pension plan functions. For example, an individual's pension fund may be created by sharing the contributions between their employer and themselves. In this case, the employer is usually responsible for the larger percentage of it.

                Additionally, an individual can create a pension fund by depositing a certain amount monthly. Then, upon retirement, the person is eligible to receive the payments as an annuity, depending on the pension information. For the same, it is critical to explore the best pension plan in India, to realise which one suits your need the best.

                It is crucial to understand how the pension scheme in India works to the investment amount appropriately, and the same applies to retirement plans. This is because the chief function of a pension plan is to replace the income source; hence, it must be adequate to cater to future financial requirements.

                Retirement is a time when you can finally unwind and realize your long-held ambitions. However, if you are financially unprepared, it can be a difficult time. As a result, it is in your best interest to consider a pension plan, also referred to as a retirement plans, and understand how important it is at a young age. You will have more time to start saving for your retirement if you do so.

                Why Pension Plan is Important in 2025?

                In our ultra-stressful modern lifestyle, we barely get time to plan for the future and give a conscious thought about retirement plans.

                However, we can pause a little, understand current and the possible future expenses based on our lifestyle and start investing in a life insurance retirement plan. In that case, we can relieve ourselves from retirement woes. What's important is to understand about the top retirement plans or best pension plan in India is that:

                • It is a disciplined, affordable, and secure way for retirement planning.
                • You can get protection for your family, along with your retirement savings.
                • You can also choose to invest in market-linked pension plans or stick with a conventional pension plan

                You should invest in retirement plans, which helps provide a guaranteed income after retirement to cater to your financial needs. Not only this, Retirement Plans & Pension Plans also provide a death benefit which is payable on the death of the policyholder.

                With retirement plans, you get the flexibility to save while you are earning to build a large corpus of funds for retirement. You can start your retirement planning as soon as you start earning.

                You can start by saving smaller amounts at regular intervals to meet unexpected expenses and provide financial security post-retirement. Thus, investing in the best pension plan in India is a safe and secured way to ensure financial security for your senior years.

                How do Pension Plans Work?

                The primary purpose of investing in a pension plan is to have a stable income even post- retirement and also have a fallback option in case your savings fall short during emergencies. But how do pension plans in India work? Let’s have a look:

                Like all other investment & savings plans, you are required to pay a premium for a pension scheme in India. However, the premiums are accumulated in an asset or fund of your choice, which typically lasts for a pre-determined period. After the plan reaches its maturity stage, you will be eligible to receive the pension benefits, which can be further utilized in the following three ways:

                • Withdraw the complete benefit/amount in one go
                • Purchase an annuity plan.
                • Partially withdraw the pension benefits and use the remaining sum to invest in an annuity plan.

                However, today, policyholders also have the option of surrendering/discontinuing a pension plan, but a cancellation fee/charge might be deducted. Moreover, you can continue to earn interest on the pension plan if you surrender after 5 years. In comparison, you will need to buy an immediate or deferred annuity plan if you discontinue retirement plans in India before the completion of 5 years.

                Types of Pension and Retirement Plans in India

                When it comes to finding the best pension plan in India, you will find a variety of pension schemes. Here are a few of them discussed in detail to help you make a well-informed decision:

                1. Deferred Annuity

                The deferred annuity pension plan allows the policyholder to build up a corpus by paying single or daily premiums. Thus, they will save a significant sum of money as a pension over the lifetime of the scheme. In addition, through this form of a pension plan, you can also take advantage of some tax advantages.

                2. Immediate Annuity

                It is a form of annuity that is paid out right away. You deposit a lump sum amount and start receiving annuities immediately as pension. You can choose from a variety of annuity plans and the sum you want to invest.

                3. Guaranteed Period Annuity

                When it comes to the best pension plan in India, the policyholder will collect the annuity for a set number of years in this form of pension plan. They can select the payment duration which is most convenient for them. In the event of the insured's death, the contributions are made to the nominee of the pension plan.

                4. The National Pension Scheme (NPS)

                The government of India offers a variety of pension schemes for the retired population, including the National Pension Scheme. When you invest in this pension plan as an employee, you can save at regular intervals in the pension account, which will be paid out when you retire.

                5. Atal Pension Yojana (APY)

                Atal Pension Yojana is designed to provide a fixed pension to subscribers upon retirement. Primarily targeted at individuals working in the unorganised sector, APY offers assured monthly pension options of Rs. 1000, Rs. 2000, Rs. 3000, Rs. 4000 or Rs. 5000. Contributions can be made monthly, quarterly or half-yearly and pension payout starts when the subscriber attains the age of 60 years. The minimum age of entry into this scheme is currently 18 years and entry is allowed to individuals before they attain 40 years of age.

                6. Life Annuity

                This form of pension plan is active until the policyholder passes away, as the name implies. If their policy has a "with spouse" option, their spouse will be entitled to the pension payout if the insured passes away.

                7. Life Insurance in Pension Plans

                Life insurance and investment are both included in such pension plans. It ensures that if the policyholder dies, the policyholder's family will receive a lump-sum payout. However, it is important to remember that the insurance payout sum of this form of pension plan might be lower than with a standalone insurance plan.

                8. Whole Life ULIPs

                Standard pension and retirement plans cover you till the age of 70-80 years, depending on the insurance company. However, Whole Life ULIPs, as the name suggests, cover you for as long as you live (till 99 or 100 years). A Whole Life ULIP does not only provide death benefit, but maturity benefit as well.

                9. Defined Benefit

                A defined benefit is an employee benefit pension plan sponsored by the employer. The plan is offered to the employee after considering numerous factors such as salary and employment history. The employer often hires an investment manager to manage risks and investment fund.

                10. Defined Contribution

                A defined contribution-based pension plan is shared between the employer and the employee. Most employers contribute a matching amount to the plan as the employee. This type of plan places some restrictions limited to withdrawal.

                11. Pension Plans With/Without Life Cover

                The difference between With Cover pension plan and Without Cover pension plan lies in the component of life cover. While a With Cover pension plan comes with a life cover, the Without Cover pension plan does not. However, in the event of the death of the policyholder, the fund value is paid to the policyholder in both the cases.

                12. Public Provident Fund (PPF)

                PPF is government backed tax-saving investment that offers fixed returns. As it features a lock-in period of 15 years and the returns are completely tax-free, it has historically been a popular investment for achieving long-term financial goals such as retirement. However, you should consider investing in more than one type of investment to reach your planned retirement goals.

                13. Employee Pension Scheme (EPS)

                Qualified salaried employees contribute a portion of their salary to the Employees’ Provident Fund (EPF) scheme. A relatively small portion of the EPF investments are directed to the Employee Pension Scheme managed by the EPFO. The EPS contributions earn fixed returns and are designed to provide regular pension to the subscribers of the scheme upon retirement. However, the pension income from EPS is restricted and might not be sufficient to cover all your post-retirement expenses.

                14. Retirement-Focused Mutual Fund Schemes

                Retirement-Focused mutual funds are a type of hybrid mutual funds in India that are also termed as solution-oriented mutual funds. These schemes come with a 5-year lock-in period and invest in both equities such as company stocks as well as debt instruments such as bonds and money market instruments. These schemes are market-linked so these mutual funds do not offer assured returns. While the equity portion of the portfolio of a retirement-focused mutual fund is designed to provide potential high returns in the long-term, the debt portion of the portfolio is designed to provide downside protection during equity market bear runs.

                Features of Annuity Plans

                Annuity plans are one of the most common types of pension plans currently available in India. Below are some of the key features of an annuity plan that you should consider before making it part of your retirement savings plan:

                Assured Returns

                Annuity plans are designed to provide guaranteed post-retirement income to the annuitant, hence, they provide assured returns. This make them one of the popular low risk retirement plans currently available in India.

                Financial Security

                The regular pension income provided by annuity plans can provide financial security post retirement. This is essential as post-retirement you might not have a regular income but you will still have regular and unforeseen expenses to take care of.

                Flexibility

                Annuity plans offer you the flexibility to choose the frequency of income payout such as monthly, quarterly, semi-annually or annually. This customization option will help ensure that you receive regular post-retirement income as per your necessity.

                Benefits of Annuity Plans

                The benefits offered by annuity plans in India are among the key reasons why these plans are a popular option among those seeking to secure their retirement. Some key annuity plan benefits that you should keep in mind include:

                Regular Income

                Annuity plans by their very design provide a regular stream of income to the annuitant. This can help you remain financially independent during your golden years.

                Market Volatility Protection

                Some annuity options such as immediate annuity plans provide assured income that is fixed at the time of annuity purchase. By getting fixed returns from your annuity plan you can stay protected from the potential impact of volatility that may periodically occur in equity markets.

                Tax Benefits

                The amount used to purchase annuity plans i.e. the premiums paid into these schemes are eligible for tax deduction benefits under Section 80CCC of the Income Tax Act, 1961. This is part of the overall Rs. 1.5 lakh annual tax deduction limit offered under Section 80C.

                Tax Deferment

                Purchase of annuity plans allows you to defer your tax payments as you do not have to make tax payments till the time you start receiving the regular annuity payouts offered by your chosen plan. This makes annuity plans a good way to minimize your tax outgo during your period of employment which can help boost your retirement savings in the long term.

                How do Annuity Plans Work?

                The working of an annuity plan depends on the type of annuity plan that you have chosen to opt for. Below are some key details about how different annuity plans work:

                Annuity with Return of Purchase Price

                In this type of annuity plan, the annuitant receives regular income as per the and conditions of the scheme. After the death of the annuitant, the initial annuity plan investment is paid back to the nominee.

                Inflation Indexed Annuity Plan

                This is a type of annuity plan, where the individual annuity payouts keep increasing at a pre-determined rate as the plan progresses. This is designed to help the retired individual cope with higher future expenses due to inflation, at least to some extent.

                Life Annuity Plan

                This type of annuity plan is designed to provide regular income to the policyholder during their lifetime. Upon death of the annuitant, the policy terminates automatically.

                Joint Survivor Annuity Plan

                This type of annuity plan allows you and your spouse to receive a regular income during the period either of you alive. This type of annuity plan terminates only after death of both joint annuitants.

                Limited Period Annuity Plan

                This annuity plan variant offers regular payout only for a limited period of time such as 5 years, 10 years, 15 years and so on. This type of plan terminates once the pre-determined annuity payout period ends.

                What is QROPS (Qualifying Recognised Overseas Pension Scheme)?

                Qualifying Recognised Overseas Pension Scheme or QROPS for short are a unique category of pension plans offered by life insurance companies in India. The retirement plans allow Non-Resident Indians to transfer their UK-based pension contributions to India in a cost-effective manner. Currently Axis Max Life insurance offers NRIs the option to choose from the below 4 QROPS-compliant pension plans: 

                • Axis Max Life Guaranteed Lifetime Income Plan(UIN: 104N076V21)
                • Axis Max Life Smart Guaranteed Pension Plan(UIN: 104N122V15)
                • Axis Max Life Smart Wealth Annuity Guaranteed (SWAG) Pension Plan(UIN: 104N137V06)

                Benefits of Pension/Retirement Plans in India

                With pension and retirement plans, you may get some of the benefits mentioned below:

                1. Guaranteed Vesting Benefit

                With retirement plans, you will get a fixed or guaranteed income to help you with your retirement planning. Not only this, but you might also get an option to provide the income to your spouse in case of your untimely death.

                2. Death Benefit

                Pension plans also provide a death benefit for the financial security of your family in your absence. The nominee will get the sum assured or death benefit in case of your untimely demise

                3. Flexible Premium Payment Terms

                With retirement and pension plans, you also get the flexibility to choose the premium payment term. You can select your premium payment term depending upon your financial goal.

                4. Customize your Retirement Plan

                With additional riders, you can customize your retirement plans to help you and your family avail additional protection.

                5. Tax Benefits4

                Pension plans and retirement plans qualify for tax deduction under Section 80CCC of the Income Tax Act, 1961. You can avail tax deduction up to Rs.1.5 lakh for the purchase of a new policy or payments made towards renewal of an existing policy providing a pension or periodical annuity.

                Under pension plans, some amount is paid at maturity which is exempt from tax and the rest amount is used for annuity purchase. Annuity earnings are added to the taxable income and taxed as per your income tax slab. Also, no TDS will be deducted on annuities

                *Note:The total tax deduction of Rs.1.5 lakh includes Section 80CCC, Section 80CCD (1).

                Features of Pension Plans

                image features_pension_plans_a510244909_3dbb81de34

                Before you get started looking for the best pension plan in India, keep these critical features of pension plans in mind:

                1. Steady Flow of Income

                Depending on how you invest in a pension plan, you will get a fixed and steady income after retirement (deferred plan) or directly after investing (immediate plan). This means that when you retire, you will be financially self-sufficient. You can use a retirement calculator to get a rough idea of how much money you will need when you retire and invest in the best pension plan in India.

                2. Vesting Age

                The age at which a pension plan's participant begins to receive a monthly pension is known as the vesting age. Most pension plans in India have a minimum vesting age of 40 to 50 years and a median vesting age of 70 years. You can choose any age between the minimum and maximum limit for when you want to start earning a monthly pension.

                3. Surrender Value

                It is recommended that you should not surrender a pension plan before the due date, or you will forfeit all benefits. You will still earn the surrender value of the plan if you still want to surrender it for whatever reason.

                The surrender value is only granted after you have invested for the minimum amount of time in the plan. This benefit is typically only available with pension schemes in India that have a life insurance component.

                4. Accumulation Period

                An investor can pay the premium as a lump sum investment or in monthly instalments with retirement plans in India. Over time, the wealth would grow in tandem, resulting in a sizable sum. For example, if you begin investing at the age of 40 and continue until you reach the age of 60, you would have invested for 20 years. This corpus is where the majority of the pension payments will come from

                5. Payment Period

                The payment period is when you start receiving your pension post-retirement. For instance, if a pension is received between the ages of 60 and 80, the payout period would be 20 years. When you look for the best pension plans in India, you will find that most plans have a distinct payment and accumulation period. However, some do allow partial or complete withdrawals during the accumulation period.

                Pension Plans Comparison

                When it comes to pension plans in India, there are many options ranging from new-age retirement products such as whole life ULIP to Public Provident Funds (PPF). But the availability of so many pension plans can make it somewhat challenging to figure out the right fit for you.

                Axis Max Life Insurance offers retirement plans that can help you turn your life savings into life-long income comfortably. These plans come with varied benefits and features to suit diverse financial profiles. Here’s a comparison of two retirement plans offered by Axis Max Life Insurance to give you a detailed perspective:

                CriterionGuaranteed Life Time Income Plan (A Non-Linked Non-Participating Individual General Annuity Savings Plan | UIN: 104N076V21)Saral Pension Plan (Non-Linked, Non-Participating Single Premium, Individual Immediate Annuity Plan | UIN: 104N119V03)
                Entry Age25 Years40 Years
                Annuity VariantsOption to choose from 8 variantsOption to choose from 2 variants
                Guaranteed Surrender BenefitSingle Pay: Ranges from 75% - 90% of the Single Premium
                Limited Pay: Ranges from 30% to 90% of the Annual Premium
                Higher Surrender benefit
                Loan FacilityLoan benefit available with deferred annuity variantLoan benefit available
                Premium Payment termSingle Pay,
                Limited Pay: 5 to 10 Years
                Single Pay
                Return of PremiumDeath Benefit to the nominee in case of an eventuality of Annuitant for Single Life and last survivor for Joint Life with death benefit option.
                Immediate Annuity: 100% of premium shall be payable
                Deferred Annuity: minimum 105% of premium shall be payable
                Death Benefit (100% of premium shall be payable ) to the nominee in case of an eventuality of Annuitant for Single Life and last survivor for Joint Life

                Make sure to consider your long-term financial goals carefully when choosing a suitable retirement plan. It is best to go compare the benefits offered by different policies and invest in one that aligns with your particular investment objectives.

                Key Factors to Consider Before Buying a Pension Plan

                image factors_To_Consider_While_Buying_Pension_Plan_bc6a914a27_1b2ec7a7f2

                Let’s look at the factors you must consider while buying pension plans:

                1. Keep Your Budget in Mind

                No one knows your expenses better than yourself—the monthly expenses as well as the upcoming significant expenditures in the future. And, with the increasing rate of inflation in India, you will likely need a larger income to survive when you retire than you do now.

                Gathering all your expense receipts and identifying your current expenses is a good way to figure out your retirement budget. Learning about your spending is a good place to start when it comes to retirement planning.

                2. Plan Ahead of Retirement

                The disparity between your working age and your expected retirement age determines how many years you must save for retirement. So, make sure you give yourself enough time to develop your money, regardless of where you invest.

                3. Assess Your Risk Tolerance

                Not only in retirement planning but in all types of investment planning, considering an individual's risk appetite is critical. So before investing your hard-earned money in the best retirement plans, make sure you understand your risk appetite.

                4. Consider Income Sources

                While your monthly paychecks will no longer be added to your account, you will be able to continue to earn money in other ways. You might, for example, earn a pension from your employer or own an extra home that you could rent out.

                5. Consider Your Debts

                Well, paying off debts may not be your priority in the present, you do not want to have outstanding debts later in life, especially when you are about to retire. When you get closer to retirement, it is best to pay off all your debts, to live a stress-free life with the support of the best retirement plans.

                What is Retirement Planning?

                The process of deciding your income goals for life post retirement, as well as the actions and decisions required to meet those goals, is known as retirement planning. Identifying sources of revenue, estimating costs, putting in place a savings plan, and controlling assets and risk are all part of retirement planning.

                Your retirement plans can begin at any time, but it is most effective if you incorporate them into your financial planning at an earlier life stage. That is the most effective way to ensure a comfortable, stable, and enjoyable retirement.

                How Much do I Need to Save for Retirement?

                If you’re wondering how much you need to save for retirement, there is no right answer, as it differs from one person to another. Moreover, while a specific savings amount might be sufficient for you, it might come close to nothing for the next person. However, there are some aspects that you can evaluate to figure out how much you should save for your retirement years, which are:

                • It goes without saying that the earlier you start saving, the better. Therefore, start by considering your age when you start saving. For instance, if you are 30 years old and investing around 20-30% of your monthly income, you will be able to save sufficient funds.
                • Next, evaluate your monthly expenses, credit card bills, EMIs, and other daily expenditure so you can get by with your savings comfortably during retirement.
                • When it comes to retirement planning and savings, it is also vital to consider all your long-term investments, as it will give you a clear idea of how much savings will be sufficient once you retire.
                • Lastly, think about the lifestyle you wish to lead post-retirement. For instance, if you plan on travelling/exploring new countries after retirement, you might need a larger savings fund. However, if you wish to stay indoors and spend time with your loved ones, you can get by with less. Regardless, it is crucial to have sufficient financial backup for emergencies.

                Why Should I Start Retirement Planning Today?

                Retirement planning, like any other financial planning in life, must be done ahead of time. With the average working life of 30 to 35 years, the best retirement plans are often begun at a young age. This implies that retirement preparations and implementation take place at various stages of life. When done correctly, you will reap the benefits of investing in the best pension scheme in India that you started years ago.

                Retirement Planning Guide for Salaried

                Retirement planning is essential for everyone including salaried individuals. So, if you are one, here are a few steps you can follow:

                • Assess your future financial goals, including all short-term, medium-term, and long-term plans that you want to achieve in the next 5 to 20 years.
                • Calculate your current income, loans, EMIs, and other expenses. Next, subtract these liabilities from your total assets/investments, which will give you your net worth.
                • Plan a budget by following the general thumb rule – allocate 50% of your income for needs, 30% for wants, and 20% for savings.
                • Evaluate how much savings you will require to get by during your retirement years, based on which you can invest in pension plans in India or retirement plans in India.

                Based on the above assessment, you can figure out which type of retirement or pension plan would be suitable for you. Some of the popular ones among salaried individuals include Unit Linked Insurance Plans, equity mutual funds, National Pension System, Employee Provident Fund/Voluntary Provident Fund, Annuity Plans, etc. The choice of retirement savings instrument would depend on multiple factors such as the investment period till retirement, the risk appetite of the investor, etc.

                Retirement Planning Guide for Self-Employed

                There is a common misconception that self-employed people don’t need to plan for retirement or that it isn’t as important as it is for salaried individuals. However, retirement planning and investing in pension schemes & plans is crucial for everyone, regardless of their employment status.

                 

                So, here are some tips that self-employed individuals can consider for effective retirement planning:

                • Identify the financial needs of your family, including yourself. Plus, calculate monthly expenditures, including power bills, groceries, etcetera.
                • Evaluate your current income and saving pattern so you can figure out how much you need to contribute for a sufficient retirement corpus.
                • Select a suitable pension plan or retirement plan after assessing any associated risks. Current retirement investment options available to self-employed individuals include the annuity plans offered by life insurance companies, Public Provident Fund, National Pension System (NPS), Atal Pension Yojana, Unit Linked Insurance Plans, etc.
                • Always consider inflation before choosing a suitable pension plan. Typically fixed return options such as Public Provident Fund and standard annuity plans offer assured returns, but they might be unable to beat inflation in the long term. In view of this an inflation-indexed annuity plan or a market-linked retirement plan such as NPS or ULIP might be a more suitable option when choosing among available investment options.

                So, self-employed individuals need to make sure that they consider the pros and cons of available long-term investment options when planning their retirement. This can help one avoid making an investment that is not in line with their requirements for a stress-free retirement.

                Retirement Planning Guide for Senior Citizens

                It can be difficult to plan for retirement at any age. Even more so if you are already retired and do not have a regular income. However, there are some things you can do when you are in your 60s or older to help you secure your golden years financially:

                • Organizing your finances is key to begin retirement planning at any age. Since you are likely to live off a fixed budget after retirement, it is crucial to have a regular in place and all financial decisions managed to retain your existing lifestyle.
                • Post retirement, you have to prioritise the safety of the capital you have invested over potential growth of your investments. So, low risk investment options are preferable even though overall returns might be relatively lower. Some investment options that fit the criteria include immediate annuity plans, Senior Citizens Savings Scheme, capital guarantee plans, potentially low volatility mutual funds like ultra-short duration funds, liquid funds, etc.
                • While NPS investments can currently be started as long as you aged 65 years or younger, be carefully with the choice of asset allocation in this case.
                • In order to stay prepared for health emergencies make sure you have adequate funds in low risk liquid assets such as savings account or ultra-short duration/liquid funds. Additionally, you can use your retirement plan benefits as an additional layer of financial security so, that you have adequate financial security post-retirement and are prepared for life’s various uncertainties.

                Following the above steps can aid retired individuals secure their retirement years so that they can continue to live the lifestyle they desire without compromising their long-term financial security.

                Why ULIPs Make Good Retirement Plans?

                Since ULIPs are invested in the equity market, they yield higher returns compared to other retirement, pension, and investment plans such as FDs, pension schemes, bonds, and endowment policies. In addition, investing in Unit Linked Insurance Plans (ULIPs) involves less risk, so you get the benefit of both security and excellent returns.

                Eligibility Criteria for Pension Plans

                There is an age requirement to meet when buying pension plans in India, much like every other investment plan. A pension plan can be purchased for someone who has reached the age of 18. A maximum age limit for purchasing a Pension Plan also exists. Most insurance providers have set the maximum age limit at 65-75 years old.

                Documents Required for Purchasing Retirement and Pension Plans

                documentsRequiredToBuyPensionPlanData.webp

                No matter what type of pension scheme in India you are looking for, The following is a list of all documents needed to purchase retirement plans in India:

                1. Age Proof

                You can use your birth certificate, driving license, voter ID, high school mark sheet or passport as proof of age.

                2 . Address Proof

                For address proof, you can use your driving license, PAN Card, Aadhar Card, Passport or driving license.

                3. Identity Proof

                Your electricity bill, Ration Card, telephone bill, driving license, passport, or Aadhar Card can be used as identity proof.

                4. Income Proof

                Your salary slip, Income tax return file or salary slip can be used as income proof.

                Who Should Invest in Retirement & Pension Plans?

                Simply put, if you see financial security as a crucial part of your future, you should begin retirement planning and invest in a pension plan. Of course, since each person has a unique financial profile, the details of it may differ. However, anyone who meets the following points of reference should consider investing in the best pension schemes in India.

                • You want to ensure that your partner has a financially stable life while you are away.
                • You want to set up a fund to cover potential high healthcare expenses.
                • You want to keep your current lifestyle after you retire.

                How to Choose the Best Retirement Plan?

                image howToChooseTheBestRetirementPlanData

                Let's look at some tips you can follow to choose from among the best retirement plans in India:

                1. Check Limitations on Investment Amount

                You will come across pension plans with varying maximum and minimum investment limits. As a result, it is important to review your budget before investing.

                2. Consider Returns

                The most important aspect of any investment is the return. As a result, it is important to pick a pension plan only after having a reasonable idea of the potential returns. Furthermore, keep in mind that if the returns are assured, the rate of return may be lower than your expectations. As a result, choose an option that has a good chance of paying off.

                3. Liquidity of Investment

                Some investment plans have a lock-in duration within which you are unable to withdraw funds at any point. Some insurance providers, on the other hand, have pension plans with some withdrawal flexibility.

                4. Look for Added Benefits

                Along with the standard pension plan, many insurance companies now sell extra benefits such as life insurance, tax advantages, etc. So, before you make your final decision, consider a pension plan that can provide you with additional benefits which can be helpful in the future.

                5. Get a Good Investment Mix

                You can also consider retirement plans in India that are a part of a mutual fund for a diverse investment mix. As a result, you can expand your investments depending on your financial profile and risk appetite.

                How to Use Retirement Planning Calculator?

                A retirement planning calculator is a handy online tool that estimates how much money you will need after retiring. The calculation is done on the basis of your age when you invest in a pension plan, the retirement age, income, inflation rate, expected return on investment and other such parameters.

                It supports you in planning your savings so that you can retire with the perfect retirement corpus. In addition, the retirement planning calculator can help you remain secure in the future as it helps estimate the amount required to maintain your current lifestyle.

                Here's how you can use it:

                • Provide basic personal information such as your age.
                • You must select and your ideal retirement age as well as your life expectancy.
                • Fill in the appropriate monthly income that you require post-retirement, as well as the projected inflation rate and return on investment.

                The retirement planning calculator displays the annual income needed immediately after retirement and the additional retirement funds that must be invested, and the monthly savings necessary to do so.

                Frequently Asked Questions

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                Which Is the Best Retirement Plan In 2025?

                When selecting the best retirement plans in India, no one answer applies to everyone. Insurers offer multiple pension plans with varied benefits. It depends on the investor's financial profile, lifestyle requirements, risk tolerance, and other personal factors to choose the best retirement plans in India.

                What Are the Types of Retirement Plans?

                Generally, you will find traditional pension plans, National Pension Scheme (NPS) and Unit Linked Pension Plans. These may have varied combination of benefits going further, depending on the insurer.

                What Is Participating and Non-Participating Pension Plan?

                With a participating pension plan, a policyholder can share the profits of the insurance company. These earnings are disseminated as dividends or incentives. Thus, it can also be called a with-profit scheme.

                In contrast, no profits or dividends are shared with the policyholders of non-participating pension plans.

                How Is Pension Plan Different from A Term Plan?

                Pension plans may be set up so that you or your employer contributes to them. You can receive a monthly payout for the remainder of your life if you purchase an annuity. With a term plan, you safeguard the family's future by securing a certain amount against unpredicted circumstances.

                What are the Tax Benefits Accompanying Pension Plans in India?

                As far as the tax benefits of pension plans in India are concerned, you can claim deductions for contributions up to Rs 1.5 lakhs, including buying and renewing, as per Section 80CCC of the Income Tax Act.

                Tax benefits are as prevailing tax laws subject to change

                What Is Annuity?

                Policyholders who require future payments can purchase various forms of annuities from insurance providers. You may choose whether to collect the money in monthly instalments or not, depending on the type of annuity. It assures an individual that they can rely on the income from this source in the event of financial difficulty.

                Can I Have Multiple Pension Plans?

                You can invest in multiple pension schemes in India, but there may be limits to the total amount you can contribute each year to all schemes if you want to get tax relief on your contributions.

                What If I Surrender My Pension Plan Before Maturity?

                In case you decide to surrender your pension plan before it matures, the full surrender amount will be added to your taxable income and charged according to your tax bracket. Notably, you will still have to pay back any tax exemptions you received the premiums you owe up until now

                Can I Withdraw the Money Invested Before Maturity?

                Generally, pension plans come with an age limit, crossing which you can begin withdrawing funds

                Does Pension End After the Policyholder's Death?

                After retirement, a pension plan provides financial protection to the policyholder. In the event of the insured's untimely death, the nominee will be entitled to compensation.

                What Is Guaranteed Lifetime Income?

                A guaranteed lifetime income is a fixed amount that will be paid at the start of the policy and will be paid for the rest of the policy's duration, depending on the mode chosen.

                What Is A Typical Pension Plan?

                A typical pension plan comes with the 'accumulation phase,' which lasts from the moment you buy a plan until you retire. You will be paying premiums during this period, which will be wisely spent as they are received as pension during the 'payment phase' of the plan.

                Which Is Better Pension or Investment?

                Whether a person should choose an investment plan or a pension plan depends on a number of factors such as return rate, risk-appetite, investment tenure, tax benefits, and more.

                What Is Provident Fund?

                An Employee Provident Fund (EPF) is a retirement savings plan for salaried workers who work for a company with 20 or more employees. The Employee Provident Fund Organization of India, or EPFO, has mandated that all employers contribute a portion of their workers' wages to the fund.

                What Is New Pension Scheme? What Are the Benefits Available with It?

                The New Pension Scheme, also known as the National Pension Scheme, is a pension plan developed by the Indian government to help individuals protect their financial future after retirement. The Pension Fund Regulatory and Development Authority of India (PFRDA) regulates the National Pension Scheme, which is open to any Indian person between 18 and 60.

                Some of the benefits of the new pension scheme are that it is cost-effective with a variety of investment opportunities, tax benefits and more.

                When Should I Start Retirement Planning?

                The answer is straightforward: as soon as possible. In an ideal world, you would begin saving in your twenties, when you first start earning money. The reason for this is that the faster you start investing, the more time your money will have to grow.

                What Is the Importance of Insurance in Retirement Planning?

                In retirement, having the right form of life insurance and the right amount of life insurance coverage can serve many purposes. It will help you protect your wealth, generate tax-free cash flow, give families peace of mind, and even increase your portfolio's overall returns.

                Can I Change the Nominee of The Policy?

                The policyholder may change the nominee of the policy at any time if they feel the need for it.

                What Is Vesting Date?

                The age at which a pension plan's policyholder begins earning a monthly pension is referred to as vesting age. In most cases, the minimum vesting age is between 40 and 50 years old, with some flexibility up to 70 years old. There are a few businesses, however, that extend the vesting age to 90 years.

                Should I Save for My Retirement or My Child’s Education First?

                While it is difficult to prioritize one over the other, it is essential that you secure your retirement years first, as retirement planning is essential and pension plans in India are mostly affordable. In addition, you can invest in a child’s plan or open a savings account/fund that will help your child for his education or other future financial goals.

                Can I Include My Spouse in the Annuity Plan?

                While an annuity plan typically covers one individual/life, you can invest in a joint annuity plan that will cover both you and your spouse.

                Is There Any Guaranteed Maturity Benefit (MGB) in Retirement Plans?

                No, there is no Guaranteed Maturity Benefit (MGB) in retirement plans in India. However, it varies from one plan to another and you might be able to avail of a surrender value/benefit.

                How Can I Pay the Pension Plan Premiums?

                Today, you can easily pay the premiums for a pension plan online as most insurance providers offer the option. However, you can also write a cheque or pay offline based on your preference.

                What is the difference between pension and retirement?

                The words pension and retirement are often confused with each other, but they are different. While pension refers to the monetary amount subject to the pensioner on their retirement, retirement refers to the time when one reaches the end of their employment age, i.e.58- 60.

                How long does a pension last?

                Pension refers to the monetary moment one receives after retirement. It is paid in form of lifetime monthly payments which means that pension lasts a lifetime.

                What is accumulation phase?

                Accumulation refers to the phase wherein an individual contributes to their pension plan to get the pension benefits after retirement.

                What is the legal retirement age in India?

                The legal retirement age in India is 60 years.

                What is an average retirement income?

                It depends on the kind of lifestyle you are living. If you are living a comfortable lifestyle, experts suggest that you should have a minimum of INR 1.3 crore saved up to meet your retirement expenses.

                What is the 7% rule for retirement?

                7% rule helps individuals decide the amount that would be adequate to meet their financial requirements after retirement. 7% rule takes inflation into consideration. According to financial experts, once you are done estimating your ideal retirement amount after calculating your annual expenses, it’s suggested that you increase that amount by 7% to include the rate of inflation. This way, your retirement corpus won’t lose its value in future.

                ARN: PCP/RP/290124

                Sources:

                www.financialexpress.com/money/insurance/choose-whole-life-ulip-for-a-worry-free-retired-life/1737011/

                www.klaggarwal.com/direct-tax/investment-pension-plans/

                www.differencebetween.net/language/words-language/difference-between-pension-and-retirement/

                www.livemint.com/money/personal-finance/how-much-retirement-corpus-is-enough-this-is-what-4-withdrawal-rule-says-11620377326537.html

                economictimes.indiatimes.com/wealth/personal-finance-news/is-rs-3-crore-enough-for-retirement-find-out-here/articleshow/72866612.cms

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                Our Range of Pension & Retirement Plans

                • Axis Max Life Saral Pension Plan

                  Guaranteed income for lifetime

                  Option to choose a single or a joint life annuity

                  Option to receive return of purchase price on death of policyholder

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                • Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan

                  Design policy from a wide range of Annuity Options

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                  Tailored return of premium to align with your financial objectives

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                  Guaranteed payout of 212.5% of sum assured at the age of 75

                  Insurance coverage till 75 years, with withdrawal flexibility

                  Guaranteed benefit for spouse through riders

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                Why Choose Max Life?

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                99.65% Death Claim Paid Ratio

                (Source: Individual Death Claim Paid Ratio as per Audited Financials for FY 2023-2024)

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                304 Offices

                (Source: As reported to IRDAI, FY 2023-24)

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                ₹1,779,409 Cr. Sum Assured

                In force (individual) (Source: Axis Max Life Public Disclosure, FY 2023-24)

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                (Source: Axis Max Life Public Disclosure, FY 2023-24)

                Customer Reviews

                Axis Max Life Retirement Plan

                “It’s not that I had difficulty in understanding and evaluating retirement plans online but talking to someone gives you that extra assurance that you are taking the right step. I have to commend the ways in which these Axis Max Life agents are trained and that only reflects in the way he explained the policy details to me . I will recommend Axis Max Life to anyone seeking a pension plan”

                Mr. Mishra

                Axis Max Life Retirement Plan

                “The idea of investing in a pension plan came to me from my father, who being a retired Army officer is very focused about planning early. However, it was only when he introduced me to his friend who is an Axis Max Life Agent, I realized it’s actually very simple. Anyways, I think it was a timely decision and I knew that while he will get his army pension, I’ll have to plan post my corporate life.”

                Mr. Menon

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                Corporate Office: Axis Max Life Insurance Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002

                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.

                Operation Center: Axis Max Life Insurance Ltd, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram (Haryana) - 122015.

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                Axis Max Life Insurance is integrated with licensed NBFC FinVu (Cookiejar Technologies Pvt. Ltd. for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here

                *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.

                Celeb disclaimer (if Rohit Sharma / Ritika Sajdeh image being used):

                The Brand Ambassadors as depicted herein, have endorsed only the Axis Max Life Insurance Products and are not in any manner endorsing Axis Bank Limited and / or any other Bank Partner of Axis Max Life Insurance and do not have any kind of association or relationship with Axis Bank Limited and / or any other Bank Partner of Axis Max Life Insurance

                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