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  • Home>
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  • Forever Young Pension Plan

Axis Max Life Forever Young Pension Plan


A Retirement Plan that Guarantees
Stress-free Income for You and
Your Partner

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Forever Young Pension Plan


We work all our lives meticulously so that we can retire with pride. As we near retirement, we want to take a break from our highly-pressed jobs and follow long-lost hobbies that were left unexplored.

During this exciting phase of life, finances should be the last thing you and your family should have to worry about. Choose Axis Max Life Forever Young Pension Plan (A Unit-Linked Non-Participating Individual Pension Plan | UIN: 104L075V05), which helps you create savings for retirement years. You can also get additional annuity plan benefits to safeguard your partner and your family against unforeseen events so that you and your loved ones live life on your terms.

3 Reasons to Buy Axis Max Life Forever Young Pension Plan

  • Build a large corpus to fulfill your retirement goals
  • Option to choose from 6 investment funds to take advantage of equity benefits
  • Secure your spouse’s future financially, even if you are not around
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What do I get with this plan?

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Secured Retirement Corpus

You can build a large retirement corpus through equity participation and be worry-free about market downturns

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Flexibility to choose retirement age

You can choose your retirement age to start receiving pension benefits as per your future goals.

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Retirement Benefit for your spouse

You can secure your spouse’s future with Partner Care Rider

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Loyalty Additions

Receive additional guaranteed loyalty benefits at 0.50% of fund value added directly to the fund, from the end of 10th policy year

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Flexibility to utilize death benefit

In the event of death, your nominee will have the flexibility to receive the death benefit as lumpsum or purchase annuity

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Corpus Enhancement Option

Provides flexible option to ‘Save More Tomorrow’ to enhance your retirement corpus, through Top-up premiums in the later years

Here’s all you need to know about this plan

  • Plans Benefits
  • How this plan works?
  • Plan Details
  • Fund Options
  • Downloads
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Vesting Benefit and Options available on Vesting
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Death Benefit
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Loyalty Benefit
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Let's consider Mr. Sharma’s case to explain this plan. He is a 40 year old employee with an MNC and wants to retire at the age of 60. As his employer does not provide for any fixed pension, he wants to buy a pension solution with monthly premiums that will not only fulfill his retirement needs but also look after his wife even in case of his death. Below are the details:

Monthly Premium: Rs. 20,000

Premium Payment Term: 20 years

        Policy Term: 20 years

Fund option:Axis Max Life Pension Life Growth Fund

Let’s see how Axis Max Life Forever Young Pension Plan works for him:

Scenario 1 - Vesting Benefit

Mr. Sharma chooses to invest in Axis Max Life Forever Young Pension Plan and after 20 years chooses to invest entire corpus in Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan - Immediate Annuity - Joint Life with Death Benefit.

        Total amount invested in Axis Max Life Forever Young Pension Plan - Rs. 20,000 x 12 x 20 = Rs. 48,00,000

        Retirement corpus from Axis Max Life Forever Young Pension Plan* @4% is Rs. 63,55,254** and @8% is Rs. 98,27,749**

 On maturity, Mr Sharma shall be entitled to exercise one of the following options with regards to the maturity benefit:

  • Commute up to 60% of fund value and use remaining proceeds to purchase an immediate annuity or Deferred Annuity from Axis Max Life at the then prevailing annuity rate or from another insurer (to the extent of 50% of the entire proceeds of the policy net of commutation as stipulated by IRDAI from time to time) or
  • To utilize the entire proceeds to purchase an immediate annuity or deferred annuity from Axis Max Life at the then prevailing annuity rate or from another insurer (to the extent of 50% of the entire proceeds of the policy net of commutation as stipulated by IRDAI from time to time); or
  • Extend accumulation period or deferment period (Only in case of Single Pay) within the same policy with same terms & conditions as the original policy provided the life insured is less than age  60 years


•In case Mr. Sharma decides to invest the 100% of the fund value at maturity in Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan - Immediate Annuity - Joint Life with Death Benefit and makes his wife as secondary annuitant, annuity payouts as per the chosen frequency shall be paid till the survival of the last annuitant and on the death of the last survivor, 100% of the premiums invested towards buying Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan shall be paid back to their nominee and policy will terminate.

Please note that above is only an example and does not create any rights and/or obligations. The assumed and non-guaranteed rates of return of 4% and 8% mentioned above relate to assumed investment returns at different rates and may vary depending upon the market conditions.

*The Fund Option assumed to be chosen in the above scenario is Axis Max Life Pension Life Growth Fund (SFIN: ULIF00525/11/05PENSGROWTH104).

**These are not guaranteed and they are not the upper or lower limits of what your policy might earn as the value of your policy is dependent on a number of factors including the future investment performance scenario. For more information, please request for your policy specific benefit illustration.

Scenarion 2 - Death Benefit


In case, Mr. Sharma passes away at the age of 50 years, after paying the premium for 10 years, Total amount invested in Axis Max Life Forever Young Pension Plan:  Rs. 20,000 x 12 x 10 = Rs. 24,00,000 (24 lakhs)

His wife aged 50 years will get the following benefits:

Death Benefit (higher of the Fund value* or 105% of the Total Premiums Paid) @4% is Rs. 26,61,220** and @8% is Rs. 32,63,244**

On death of Mr. Sharma, in case his wife decides to invest the fund value at the time of death in Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan - Immediate Annuity - Single Life with Death Benefit variant, she will receive annuity payouts as per the chosen frequency till she survives and on her death 100% of the premiums invested towards buying Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan shall be paid back to her nominee and policy will terminate.

*Please note that above is only an example and does not create any rights and/or obligations. The assumed and non-guaranteed rates of return of 4% and 8% mentioned above relate to assumed investment returns at different rates and may vary depending upon the market conditions.

The Fund Option assumed to be chosen in the above scenario is Axis Max Life Pension Life Growth Fund (SFIN: ULIF00525/11/05PENSGROWTH104).

** These are not guaranteed and they are not the upper or lower limits of what your policy might earn as the value of your policy is dependent on number of factors including the future investment performance scenario. For more information, please request for your policy specific benefit illustration.

Minimum and Maximum Entry Age18 - 70 Years
Minimum Premium Payment TermFor Single Pay: 1 Year

For Regular Pay: Same as Policy Term

For Limited Pay: 5 Years

Maximum Premium Payment TermFor Single Pay: 1 Year

For Regular Pay: Same as Policy Term

For Limited Pay: 15 Years

Minimum Premium For Single Pay: Rs 1,00,000

For Regular Pay and Limited Pay: Rs 24,000 per annum

Maximum Premium There is no limit on the maximum premium and the same shall be subject to the Board approved underwriting policy of the Company.
Minimum Sum AssuredSum assured on death means an absolute amount of benefit which is guaranteed to become payable on death of the life assured in accordance with the terms and conditions of the policy.

‘Sum assured on death’ in this product is 105% of Total Premiums Paid, exclusive of rider charges, if any.

Minimum Sum Assured:

For Single Pay - Rs. 1,05,000 (for new business)

For Regular Pay and Limited Pay - Rs. 25,200

On the death of the Life Insured during the term of the policy, the Company shall pay higher of the fund value as on the date of death or 105% of Total Premiums Paid, exclusive of rider charges, if any and the policy will terminate.
Maximum Sum AssuredNo limit, subject to underwriting.
Minimum and Maximum Vesting AgeMinimum: 40 years (55 years for policies sourced under Qualifying Recognized Overseas Pension Scheme (QROPS), as per prevailing His Majesty’s Revenue & Customs (HMRC) regulations )

Maximum: 80 Years (age last birthday)

Annualised Premium means Premium amount payable in a year, excluding taxes, rider premiums and underwriting extra premium on riders, if any.

Total Premiums Paid means total of all the premiums received under the base product including top-ups premium paid, if any.

You may choose from any one of the below mentioned investment fund options:

Axis Max Life NIFTY 500 Multifactor 50 Index Pension Fund (SFIN: ULIF03523/06/25PENSMULFAC104)
This is a new fund. Objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s Nifty 500 Multifactor MQVLv 50 Index based on a combination of momentum, quality, value and low volatility factors. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

Axis Max Life Pension Growth Super Fund (SFIN: ULIF01213/08/07PENSGRWSUP104)
The investment objective of this Fund is to provide potentially higher returns to unit holders by investing predominantly in Equities (to target growth in capital value of assets); however, the fund may also invest in Government securities, corporate bonds and money market instruments.

Axis Max Life Pension Life Growth Fund (SFIN: ULIF00525/11/05PENSGROWTH104)
The investment objective of the Growth Fund is to provide potentially higher returns to unit holders by investing primarily in equities (to target growth in capital value of assets); however, the fund will also invest in Government securities, corporate bonds and money market instruments.

Axis Max Life Pension Life Balanced Fund (SFIN: ULIF00625/11/05PENSBALANC104)
The investment objective of the Balanced Fund is to provide balanced returns from investing in both fixed income securities (to target stability of returns) as well as in equities (to target growth in capital value of assets).

Axis Max Life Pension Life Conservative Fund (SFIN: ULIF00725/11/05PENSCONSER104)
The investment objective of this fund is to provide stable returns by investing in assets of relatively low to moderate level of risk. The fund will invest primarily in fixed interest securities such as Government Securities, Corporate bonds etc. However, the fund will also invest in equities.

Axis Max Life Pension Life Secured Fund (SFIN: ULIF00825/11/05PENSSECURE104)
The investment objective of this fund is to provide stable returns by investing in relatively low risk assets. The fund will invest exclusively in fixed interest securities such as Government Securities, Corporate bonds etc.

Below are the different fund options with details:

Investment Mix of the Funds (in %)

Funds

Risk Rating

Govt Securities

Corporate Bonds

Money Market & Cash Instruments

Equities

Axis Max Life NIFTY 500 Multifactor 50 Index Pension Fund
(SFIN: ULIF01213/08/07PENSGRWSUP104)
Provide potentially higher returns to unit holders by investing predominantly in Equities (to target growth in capital value of assets); however, the fund may also invest in Government securities, corporate bonds and money market instruments.

Very High

0

0

0 - 20

80 - 100

Axis Max Life UL Pension Growth Super Fund
(SFIN: ULIF01213/08/07PENSGRWSUP104)
Provide potentially higher returns to unit holders by investing predominantly in Equities (to target growth in capital value of assets); however, the fund may also invest in Government securities, corporate bonds and money market instruments.

High

0 - 20

0 - 20

0 - 30

70 - 100

Axis Max Life Pension Life Growth Fund
(SFIN: ULIF00525/11/05PENSGROWTH104)
Provide potentially higher returns to unit holders by investing primarily in equities (to target growth in capital value of assets); however, the fund will also invest in Government securities, corporate bonds and money market instruments.

High

0 - 30

0 - 30

0 - 40

20 - 70

Axis Max Life Pension Life Balanced Fund
(SFIN: ULIF00625/11/05PENSBALANC104)
Provide balanced returns from investing in both fixed income securities (to target stability of returns) as well as in equities (to target growth in capital value of assets).

Moderate

20 - 50

20 - 40

0 - 40

10 - 40

Axis Max Life Pension Life Conservative Fund
(SFIN: ULIF00725/11/05PENSCONSER104)
Provide stable returns by investing in assets of relatively low to moderate level of risk. The fund will invest primarily in fixed interest securities such as Government Securities, Corporate bonds etc. However, the fund will also invest in equities.

Low

50 - 80

0 - 50

0 - 40

0 - 15

Axis Max Life Pension Life Secured Fund
(SFIN: ULIF00825/11/05PENSSECURE104)
Provide stable returns by investing in relatively low risk assets. The fund will invest exclusively in fixed interest securities such as Government Securities and Corporate bonds.

Low

50 - 100

0 - 50

0 - 40

Nil


Charge Structure

1.  Premium Allocation Charge

Year

 

Allocation Charge

Single Pay (as a % of Single Premium)

0%

Regular Pay and Limited Pay (as a % of Annual Premium)

• Other than Online

Annual premium payment mode : 12% of each modal premium in first policy year, 4% of each modal premium 2nd policy year onwards

Non-Annual premium payment mode: 9% of each modal premium in first policy year, 3% of each modal premium 2nd policy year onwards

• Online

Annual premium payment mode: 0.75% of each modal premium

Non-Annual premium payment mode: 0% of each modal premium

Allocation Charge on Top-up Premium: 1% of Top Up Premium


2. Fund Management Charge

The rates of fund management charge per annum for different funds are given below.

Fund Name

Fund Management Charge (p.a.)

Axis Max Life NIFTY 500 Multifactor 50 Index Pension Fund

1.35%

Axis Max Life Pension UL Growth Super Fund

1.25%

Axis Max Life Pension Life Growth Fund

1.25%

Axis Max Life Pension Life Balanced Fund

1.10%

Axis Max Life Pension Life Conservative Fund

0.90%

Axis Max Life Pension Life Secured Fund

0.90%

In case of Pension Discontinuance Policy Fund, Fund Management Charge of 0.50% per annum will be deducted.

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

3. Policy Administration Charge

Single Pay: 0.08% of the Single Premium per month increasing @ 4% p.a. starting from the second year. The charge will not exceed Rs. 400 p.m. in any year

Regular Premium/ Limited Premium Policies:

• Other than Online

During Policy Years 1 to 5: 0.1% of the Annual Premium per month

During Policy Years 6 to 10: 0.45% of the Annual Premium per month

During Policy Years 11 to 15: 0.2% of the Annual Premium per month

Policy Year 16+: 0.5% of the Annual Premium per month

The charge is capped at Rs 500 per month.

• Online

1% of Annual Premium per month

The charge cap will differ based on the annual premium:

Annual Premium

Cap Per Month

24000 - 35999

100

36000 - 59999

150

60000 - 79999

250

80000 and above

350

 

4. Surrender/Discontinuance Charge


Single Premium Policies

Surrender Charge - Single Pay

If Policy is surrendered/discontinued

Maximum discontinuance charges for the policies having SP up to Rs 3Lac

Maximum discontinuance charges for the policies having SP above Rs 3Lac

In 1st Policy Year

Lower of 2% * (SP or FV) subject to a maximum of Rs 3000

Lower of 1% * (SP or FV) subject to a maximum of Rs 6000

In 2nd Policy Year

Lower of 1.5% * (SP or FV) subject to a maximum of Rs 2000

Lower of 0.70% * (SP or FV) subject to a maximum of Rs 5000

In 3rd Policy Year

Lower of 1% * (SP or FV) subject to a maximum of Rs 1500

Lower of 0.5% * (SP or FV) subject to a maximum of Rs 4000

In 4th Policy Year

Lower of 0.5% * (SP or FV) subject to a maximum of Rs 1000

Lower of 0.35% * (SP or FV) subject to a maximum of Rs 2000

In 5th Policy Year and onwards

0%

Nil


Regular/Limited Premium Policies

Surrender/ Discontinuance Charge – Regular/Limited Pay

If Policy is surrendered/discontinued

Maximum discontinuance charges for the policies having Annualised Premiums up to Rs 50000/-

Maximum discontinuance charges for the policies having  Annualised Premiums above 50000/-

In 1st Policy Year

Lower of 20% * (AP or FV) subject to a maximum of Rs 3000

Lower of 6% * (AP or FV) subject to a maximum of Rs 6000

In 2nd Policy Year

Lower of 15% * (AP or FV) subject to a maximum of Rs 2000

Lower of 4% * (AP or FV) subject to a maximum of Rs 5000

In 3rd Policy Year

Lower of 10% * (AP or FV) subject to a maximum of Rs 1500

Lower of 3% * (AP or FV) subject to a maximum of Rs 4000

In 4th Policy Year

Lower of 5% * (AP or FV) subject to a maximum of Rs 1000

Lower of 2% * (AP or FV) subject to a maximum of Rs 2000

In 5th Policy Year and onwards

Nil

Nil


NOTE:

 1) Surrender within five years of the date of risk commencement of the Policy (i.e. within the Lock-in Period)

    In case the policyholder surrenders the policy within the lock-in-period, the Company will credit the Fund Value, by creation of units, into the Pension              Discontinuance Policy Fund after deducting applicable Surrender/Discontinuance Charges.

    At the expiry of five years from the date of inception of the Policy (i.e. at the expiry of the lock-in period), the Company will close the Unit Account and the policyholder shall have the following options with regards to the Surrender Value payable at the end of the Lock-in period of five years:

  • Commute up to 60%of fund value and use remaining proceeds to purchase an immediate or deferred annuity from Max Life at the then prevailing annuity rate or from another insurer (to the extent of 50% of the entire proceeds of the policy net of commutation as stipulated by the authority). or
  • To utilize the entire proceeds to purchase an immediate annuity or Deferred Annuity from Max Life at the then prevailing annuity rate or from another insurer (to the extent of 50% of the entire proceeds of the policy net of commutation as stipulated by the authority)

 2) After five years of the date of risk commencement of the Policy (i.e. after the Lock-in Period)

     The Company will close the Unit Account and the policyholder shall be entitled to exercise one of the following options with the Surrender Value payable:

  • Commute up to 60%of fund value and use remaining proceeds to purchase an immediate or deferred annuity from Max Life at the then prevailing annuity rate or from another insurer (to the extent of 50% of the entire proceeds of the policy net of commutation as stipulated by the authority); or
  • To utilize the entire proceeds to purchase an immediate annuity or Deferred Annuity from Max Life at the then prevailing annuity rate or from another insurer (to the extent of 50% of the entire proceeds of the policy net of commutation as stipulated by the authority)
DownloadsActions
Prospectus
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Leaflet
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Policy Contract
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Customer Information Sheetimage download_a3058d44e3

Additional Benefits Through Riders

Axis Max Life Smart Ultra Protect Rider (UIN: 104A049V02)

This rider provides following rider benefit variants:

  • Rider benefit variant 1 - Term Booster with Accelerated Terminal Illness: provides additional lump sum benefit in the case of death or diagnosis of Terminal Illness of the Life Insured, whichever is earlier.
  • Rider benefit variant 2 - Accidental Death Benefit: provides additional lump sum benefit in the case of death due of accident of the Life Insured.
  • Rider benefit variant 3 - Accidental Total and Permanent Disability: provides additional lump sum benefit in the case of occurrence of total and permanent disability to the Life Insured due to accident.
  • Rider benefit variant 4 - Payor Benefit: provides funding of all future outstanding base premiums and waiver of all the future premiums under all attached riders in the case of death or diagnosis of Terminal Illness of the policyholder whichever is earlier.

Please note the following:

  • The rider policy term and rider premium payment term would be equal to the corresponding outstanding base policy term and premium payment term, subject to the maximum term and PPT available under the rider i.e. rider will not be offered if the term of the rider exceeds outstanding term under the base policy.
  • The premium pertaining to health related or critical illness riders shall not exceed 100% of premium under the base product
  • Any benefit arising under each of the above mentioned riders shall not exceed the sum assured under the base product except for Accidental death benefit riders where the rider sum assured is limited to a maximum of three times of base sum assured.
  • The rider can be attached any time during the premium payment term of the base plan, subject to minimum applicable premium payment term and policy term of the rider.


(For further details, please refer to the Axis Max Life Smart Ultra Protect Rider, UIN: 104A049V02, prospectus)


image download_a3058d44e3

Downloads


  • Rider prospectus
  • Rider contract
  • Rider leaflet
  • Customer Information Sheet

Why Choose Axis Max Life?

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99.70% Death Claims Paid Ratio

(Source: Individual Death Claims Paid Ratio as per Audited Financials for FY 2024-2025)
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405 Branches

(Source: As reported to IRDAI, FY 2024-25)
image award_icon_ec544d0e80

₹2,191,857 Cr. Sum Assured

In force (individual) (Source: Axis Max Life Public Disclosure, FY 2024-25)
image aim_icon_0360c7590c

₹175,072 Cr. Assets Under Management

(Source: Axis Max Life Public Disclosure, FY 2024-25)
More reasons why our customers choose us

See what our customers have to say about this plan

I bought this pension plan because it is one of the very few retirement plans which lets you choose your retirement age. I have plans to retire early and travel the world with my wife. Thanks to Sahil, my Axis Max Life relationship manager who spent a lot of time in understanding my requirements and financials and suggested me the right pension plan. He has been a constant support whenever I need any further details and help.


Mr. Sahni, 36 years

Bengaluru

THE 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 are different from the traditional insurance products and are subject to the risk factors. The Premium paid in Unit Linked Insurance policies are 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 policyholder/insured is responsible for his/her decisions. Axis Max Life Insurance Limited is only the name of the Insurance Company and Axis Max Life Online Savings Plan is only the name of the Non Participating 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 and returns. Past performance of the funds does not indicate the future performance of the funds.

All Applicable Taxes, Cesses, and Levies as imposed by the Government will be deducted from the premiums received.

ARN: PDP/FYPP/300625

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  • Whatsapp: 7428396005Send ‘Hi’ from your registered mobile number
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  • service.helpdesk@axismaxlife.comPlease write to us incase of any escalation/feedback/queries.
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  • +91 11 71025900, +91 11 61329950 (Available 24X7 Monday to Sunday)
  • nri.helpdesk@axismaxlife.comPlease write to us incase of any escalation/feedback/queries.
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BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to public that:
  • • IRDAI is not involved in activities like selling insurance policies, announcing
    bonus or investment of premiums.
  • • Public receiving such phone calls are requested to lodge a police complaint.

IRDAI - Registration No. 104. ARN/Web/13122024 Category: Life. Validity: Valid.
Corporate Identity Number (CIN): U74899PB2000PLC045626.
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.

Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.

Online Sales Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).

Fax Number: 0124-4159397.

Email ID: service.helpdesk@axismaxlife.com

Website: https://www.axismaxlife.com

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 images 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.

#4Axis Max Life Online Savings Plan. A unit-linked non-participating individual life insurance plan. | Axis Max Life Insurance Limited is only the name of the insurance company and Axis Max Life Insurance Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.

*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 Axis Max Life Smart Term Plan Plus (UIN: 104N127V04). 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: 104N125V08). 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 10 years and policy term of 30 years) and a healthy female of 18 years paying Rs 30,000/- per month (exclusive of all applicable taxes) with 6.80% 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: 104N123V06). 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 Claims Paid Ratio as per audited financials for FY 2024-2025

#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: 104N127V04).

#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: 104N125V08) 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: 104N125V08) with a life cover of Rs. 75 lakh.

^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: 104N125V08) with a life cover of Rs. 1.5 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: 104N125V08) 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: 104N127V04) - 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: 104N125V08)

^~Disclaimer: 5 year return (CAGR – Compound Annualised Growth Rate) from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 30/06/2025

^~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.

**@Axis Max Life's Forever Young Pension Plan (UIN: 104L075V05) is a Unit Linked Pension Plan. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Forever Young Pension Plan (UIN: 104L075V05) is only the name of the unit linked pension product and does not in any way indicate the quality of the contract, its future prospects or returns. The premium paid in the Unit Linked 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.

++*A tax-free commutation of up to 60% of the vesting benefit can be availed. Tax benefits are subject to condition under Sections 80CCC, 10(10A), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

^*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).

#*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: 104L121V04) 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: 104N125V08)| 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.

@7Disclaimer: 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:104N127V04)| 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: 104N127V04)| 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.

@9Disclaimer: Standard premium for 20-year old healthy Female, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for for Axis Max Life Smart Term Plan Plus UIN:104N127V04| 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: @++ 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: 104N116V14). | 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).

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 Pension Fund. Axis Max Life’s NIFTY 500 Multifactor 50 Index Pension Fund (SFIN: ULIF03523/06/25PENSMULFAC104) is a passively managed Index Pension 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 Forever Young Plan (UIN: 104L075V05) for a 30-year old male investing 10K/20k 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 10th June 2025.

Disclaimer: ^$The fund value calculation is done by projecting returns of NSE's Nifty 500 Multifactor MQVLv 50 Index at 21% gross investment returns ( which is the return since inception (backtested) as on June 10, 2025), after adjusting for all expenses (except tracking error) in Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V05). The pension amount has been calculated assuming that the proceeds from the entire corpus available at the time of maturity of Forever Young Pension Plan (UIN: 104L075V05) has been used to purchase Smart Guaranteed Pension Plan (UIN: 104N122V20) Single Life Immediate Annuity for life (with death benefit) option.

Disclaimer: %^BSE 500 Enhanced Value 50 Index was launched in May'25. The past returns are back tested based on historical returns and formula (provided by BSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s BSE 500 Value 50 fund. Axis Max Life’s BSE 500 Value 50 Fund (SFIN: ULIF03623/07/25BSEVALUEIN104) is a passively managed Index Fund that mirrors BSE 500 Enhanced Value 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of BSE 500 Enhanced Value 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30 year old male investing 10K per month for 10 years. The above values have been calculated assuming 22.4% p.a. gross investment returns, which is the 7-year returns of BSE 500 Value 50 Index as on 16th July 2025.

Disclaimer: ^*Axis Max Life's Flexi Wealth Advantage Plan (UIN: 104L121V04) is a Unit Linked Pension Plan. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V04) is only the name of the unit linked pension product and does not in any way indicate the quality of the contract, its future prospects or returns. The premium paid in the Unit Linked 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.

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:104N125V08). 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: 17.14 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: 14.01 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: 39.74 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: 17.14 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: 20.27 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