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@ ₹902/Month@8 for 2 Cr. Life cover
@ ₹902/Month@8 for 2 Cr. Life cover
Axis Max Life Term Plus Rider (a non-linked, non-participating Individual Pure Risk Life Insurance Rider | UIN: 104B026V04) provides additional protection against an unfortunate incident. When added to your base life insurance policy, this rider provides additional death benefit in case of your death. The benefits under this rider are payable along with the base plan benefit(s)....Read More
Trust of 20+ Years in Industry
Written byLakshey Bahl
Insurance Writer
Published 12th May 2026
Reviewed byVaibhav Kumar
Last Modified 15th May 2026
Insurance Domain Expert
Axis Max Life Term Plus Rider at a Glance
The following are the criteria and key details of Axis Max Life Term Plus Rider:
| Criteria | Details |
|---|---|
| Rider Term | Minimum rider term: 5 years Maximum rider term: 35 years The rider term is subject to the following conditions:
|
| Premium Payment Term | The premium payment term of the rider shall be equal to the rider term, which is equal to outstanding premium payment term of the base policy. |
| Entry Ages | Minimum: 18 years (as at last birthday) Maximum: 65 years (as at last birthday) |
| Maximum Maturity Age | The maximum maturity age for the rider is 70 years (age last birthday) as on policy anniversary, subject to the rider termination conditions. |
| Premium Payment Modes | The premium payment mode for the rider is the same as the base policy premium payment mode. This rider allows annual, semi-annual, quarterly and monthly premium paying modes. |
| Minimum Annualised Premium | The Minimum Annualised Premium is ₹91 per annum for age at entry of 18 years (age last birthday), Rider Term 5 years and Rider Sum Assured of ₹50,000. “Annualised Premium” shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums. |
| Maximum Annualised Premium | As per maximum rider sum assured. However, the premiums under all other life insurance riders put together shall not exceed 30% of premiums under the base plan and any benefit arising under the captioned rider shall not exceed the sum assured under the base plan. |
| Minimum Sum Assured | ₹50,000 |
| Maximum Sum Assured | ₹15,00,000, subject to a maximum of base plan’s Guaranteed Death Benefit as at the inception of the base policy. The term ‘Rider Sum Assured’ has been used to refer to the Rider Sum Assured on Death for this rider as defined below. “Rider Sum Assured on Death” means an absolute amount of benefit which is guaranteed to become payable on the death of the Life Insured in accordance with the terms and conditions of the policy. |
| Death Benefit | On death of the Life Insured during the term of the rider, the Guaranteed Death Benefit as defined below shall be paid as lump sum to the nominee. Guaranteed Death Benefit is defined as higher of:
|
| Maturity/Survival Benefit | No maturity or survival benefit is payable under this rider. |
| Surrender Benefit | No surrender benefit is available under this plan. The rider cannot be surrendered; however, it can be cancelled on request of the Policyholder. |
| Grace Period | A grace period of 30 days from the due date for payment of each premium will be allowed for all premium paying modes except for monthly mode, wherein a grace period of only 15 days will be allowed. During the grace period, the Company will accept the premium without interest or any late fee. The insurance coverage continues during the grace period but if the Life Insured dies during the grace period, the Company shall be entitled to deduct the unpaid premium from the benefits payable under the Rider. |
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How does the Axis Max Life Term Plus Rider Work?
Mr. Kumar purchases an Axis Max Life insurance policy with 20 years premium payment term, with him as Life Insured and his wife and the nominee. Further, in order to ensure additional protection, he also buys Axis Max Life Term Plus Rider (₹10 lakhs rider sum assured with 20 years rider premium payment term) at a nominal incremental price.
Here are the following illustrative scenarios that can occur during the course of the policy of Mr. Kumar:
| Scenario | Rider Benefit | Base Policy Benefit |
|---|---|---|
| Mr. Kumar dies when the rider is in-force. | Rider sum assured of ₹10 lakhs is paid to the beneficiary immediately upon approval of claim, and the rider contract terminates. | Base policy death benefit is paid to the beneficiary immediately upon approval of claim, and the policy contract terminates. |
| Mr. Kumar dies when the rider is not in-force and the base policy is in-force | None | Base policy death benefit is paid to the beneficiary immediately upon approval of claim, and the policy contract terminates |
Disclaimer: The above scenarios are only examples and do not in any way create any rights and/or obligations.
Download Rider-related Documents
Rider Prospectus
Format: PDF|Size: 740 KB|Language: English
Rider Leaflet
Format: PDF|Size: 244 KB|Language: English
Rider Contract
Format: PDF|Size: 373 KB|Language: English
Customer Information Sheet
Format: PDF|Size: 281 KB|Language: English
FAQs about Axis Max Life Term Plus Rider
What is the maximum entry age under Axis Max Life Term Plus Rider?
The maximum entry for Axis Max Life Term Plus Rider is 65 years (age on your last birthday).
What are the premium payment modes available under Axis Max Life Term Plus Rider?
The premium payment mode for the rider is the same as that of the base policy. This rider allows annual, semi-annual, quarterly, and monthly premium paying modes.
What is the maximum sum assured for Axis Max Life Term Plus Rider?
The maximum sum assured for this rider is ₹15,00,000, subject to a maximum of base plan’s Guaranteed Death Benefit as at the inception of the base policy.
Is there any surrender benefit available under Axis Max Life Term Plus Rider?
No surrender benefit is available with this rider. You cannot surrender the rider; however, you can request to get it cancelled.
ARN: PDP/TPR/120526
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