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Smart Flexi Protect Solution

What is Smart Flexi Protect Solution?

Name: Smart Flexi Protect Solution
Brand: Axis Max Life Insurance
Rating: 4.4 (796 reviews)

In Unit Linked policy, the investment risk in Investment portfolio is borne by the policyholder. The Smart Flexi Protect Solution combines benefits of two or more individual and separate products named Axis Max Life Flexi Wealth Plus (UIN:104L115V04) and Axis Max Life Critical Illness and Disability Secure Rider (UIN:104A034V02). These products are also available for sale indiv

Disclaimer

: In Unit Linked Policies, the investment Risk in the investment portfolio is borne by the policyholder.

Written by

Abhishek Chakravarti

BFSI Writer

Abhishek is a financial writer with over 6 years of experience in the BFSI sector. Prior to his current stint with Axis Max Life Insurance, he has worked with leading fintech startups. He specializes in writing about taxation and various investment products like ULIPs, retirement plans, guaranteed investment plans, mutual funds etc.

Reviewed by

Sahil Rawal

BFSI Expert

Sahil Rawal is a digital & brand management specialist with over 10 years of experience in Financial Services Industry. Life insurance professional with expertise in digital marketing strategy, website content marketing and brand communication designed to increase brand awareness, drive engagement & sales.

How Does Smart Flexi Protect Solution Work?

The solution is a combination of Axis Max Life Flexi Wealth Plus (UIN:104L115V04) and Axis Max Life Critical Illness and Disability Secure Rider (UIN:104A034V02).

It is designed to create an additional layer of financial protection through comprehensive cover against death, disease and disability plus savings with market linked returns.

The solution offers enhanced life cover with the flexibility to choose the coverage age. The premium in the policy is determined basis age, premium payment tenure, sum assured and the policy coverage duration.

Axis Max Life’s Flexi Wealth Plus Plan:

Axis Max Life Flexi Wealth Plus is a ULIP (Unit Linked Insurance Plan), which combines protection and savings benefits into a flexible and straightforward product. Whether it is accumulating wealth to fulfill your financial goals through market linked returns or protecting your loved one’s financial future from life’s uncertainties, this plan will help you fulfil your requirements.

Critical Illness and Disability Secure Rider (CIDSR):

It’s imperative to get yourself financially secured against illnesses and disabilities with the rising cost of healthcare in India.

Axis Max Life Smart Flexi Protect Solution comes with a Critical Illness and Disability Secure Rider. This rider acts as a financial net, offering you a specific coverage amount to financially secure you against 64 critical illnesses and disability.

Being a protection cum wealth solution, Axis Max Life Smart Flexi Protect Solution is your go-to financial kit providing you with a life cover and health cover while maximizing your investments through market linked returns.

To purchase Axis Max Life Smart Flexi Protect Solution, you would be required to pay premium regularly for a defined period of time.

Let’s understand with the help of an example:

Mr. Ravish Patel is a 35 year old man owning a phone accessory business. He has invested in Axis Max life Smart Flexi Protect Solution for 10 years to get enhanced financial protection against death and disability. He has decided to get covered till the age of 65. He shall pay an annualized premium of INR 1,14,943 and INR 12,000 respectively, towards the Flexi Wealth Plus plan and Critical Illness and Disability Secure Rider for 10 years.

In total, Mr. Patel will pay INR 12,91,030 as the premium inclusive of taxes, against which he will receive a minimum assured death benefit of INR 1 Crore and a Critical Illness & Disability Secure Rider cover of INR 30 Lakh.

His investment would generate Market linked returns* at maturity as **INR 14,99,970 at 4% and INR 43,43,563 at 8%.**

(Disclaimer: *Self managed investment portfolio under Max Life UL Life Balanced Fund – SFIN: ULIF00225/06/04LIFEBALANC104)

What Makes Axis Max Life’s Smart Flexi Protect Solution Suitable?

You should go for Axis Max Life’s Smart Flexi Protect Solution:

If you are someone who wants a layer of financial protection around your family in your absence, along with returns on your investments. The solution is a comprehensive package with financial cover against death, disease & disability.
If you wish to exercise caution by getting secured against critical illnesses and permanent disability.
If you are someone who wants enhanced life cover along with the opportunity to grow your wealth via market linked returns.
If you are self employed with high disposable income but inadequate life cover as you do not possess the requisite financial documentation for high cover.

Benefits of Smart Flexi Protect Solution

Axis Max Life Smart Flexi Protect Solution comes with benefits to meet the demands of a financially demanding future:

Axis Max Life’s Smart Flexi Protect solution is an all-in-one solution offering a bouquet of benefits:

1 Protection - Enhanced Death Benefit:

Axis Max Life Smart Flexi Protect Solution has enhanced life cover, offering an extra layer of financial protection to the family in the event of unfortunate demise of the insured.

2 Health – Cover against diseases and disability :

With Axis Max Life Critical Illness and Disability Secure Rider, you get financial protection against 64 critical illnesses and total permanent disability

3 Savings - Maturity Benefit through market linked returns:

Axis Max Life Smart Flexi Protect Solution can also help you with savings in form of maturity benefit. As the solution combines Axis Max Life Flexi Wealth Plus and Axis Max Life Critical Illness & Disability Secure Rider, a part of your premium is used towards investments that earn market linked returns.

4 Tax Benefits:

With Axis Max Life Smart Flexi Protect Solution, you can save money on taxes. Investors can claim tax benefits under Sections 80C and 80D of the Income Tax Act.

Who Should Buy Axis Max Life’s Smart Flexi Protect Solution?

Axis Max Life Smart Flexi Protect Solution can be a go-to-choice for all earning individuals between the age group of 18-50. However, it is most suited for self-employed individuals with high disposable income but inadequate life cover.

Conclusion

Axis Max Life’s Smart Flexi Solution is a comprehensive cover specially designed for the self-employed with high disposable income seeking enhanced Protection while investing for market linked returns. The all-in-one policy is a blend of life cover, health cover, and market linked investment returns. Hence, if you wish to get multiple benefits in one policy, Max Life Smart Flexi Solution is just what you are looking for.

Downloads

Axis Max Life Smart Flexi Protect Solution

Frequently Asked Questions (FAQs)

What is the minimum age to buy Axis Max Life’s Smart Flexi Protect Solution?

Can salaried individuals also buy Axis Max Life’s Smart Flexi Protect Solution?

Do I need to undergo medical examinations for the solution?

What is the maximum age until you can get policy coverage under Axis Max Life Smart Flexi Protect solution?

ARN: PDP/SFPS/251124

Savings Plans Offered By Axis Max Life Insurance

MAX LIFE ASSURED WEALTH PLAN
Get guaranteed lump sum maturity benefit to meet your savings goals
Flexible Premium Payment and Policy Term Options to help build wealth by saving systematically
Lump sum death benefit is paid immediately on death of Life Insured
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