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Axis Max Life Flexi Wealth Plus Plan is a unit-linked, non-participating individual life insurance plan (UIN 104L115V04). It combines life cover with market-linked investments and offers two variants: Wealth and Whole Life. The Wealth variant offers single, limited or regular premium-payment choices, while the Whole Life variant is available with limited premium payment. The plan provides multiple investment funds and strategies, unlimited free fund switching, partial withdrawals after the five-year lock-in, and additional benefits for eligible premium bands. The product also describes a return of mortality charges at maturity, subject to policy conditions. The final fund value depends on market performance and charges; investment returns are not guaranteed.
Unlimited free fund switches, flexible investment strategies and eligible loyalty additions
Flexi Wealth Plus is designed for people who want insurance protection and market-linked investment in a single policy, with flexibility over premium payment and investment strategy. Its main attractions are unlimited free fund switches, multiple portfolio strategies, post-lock-in partial withdrawals and additional units for eligible premium bands. The Whole Life variant may suit customers seeking cover beyond a conventional maturity age. However, charges, fund selection, premium commitment and market performance materially affect the outcome. The minimum premium differs by variant and payment mode: the current prospectus lists Wealth Regular Pay from ₹14,970 annually (₹1,259 monthly), Wealth Limited Pay from ₹33,557 annually, Wealth Single Pay from ₹2,00,000, and Whole Life Limited Pay from ₹1,00,000 annually. These are product minimums, not a personalised quote. Confirm the current prospectus, policy term and underwriting eligibility before buying.
Axis Max Life
Key Insights
Founded
2000
Axis Max Life was established 26 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.7% CSR, calculated as a 3-year average
Axis Max Life settles 99.7% of all claims it receives, demonstrating strong credibility.
Contact Details
1860-120-5577
Headquarters: Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Haryana – 122002, India
The insurer lists a broad range of equity, debt and other available funds for different investment preferences.
The current page and prospectus may display different counts as funds are added; confirm the current fund list before purchase.
Policyholders can switch between available funds without a switching charge under the product rules.
Fund switches do not remove investment risk and may affect the portfolio outcome.
Partial withdrawals are available after the five-year ULIP lock-in, subject to policy terms. The current product page describes up to 12 partial withdrawals in a policy year.
The minimum withdrawal amount and remaining fund-value conditions apply.
The plan describes a return of eligible mortality charges at maturity for qualifying policies.
The calculation, eligibility and exclusions are governed by the current policy wording.
Eligible policies in the applicable premium bands can receive loyalty additions as additional units from the end of the sixth policy year.
The prospectus specifies no loyalty addition for the lowest premium band; all conditions must be met.
The insurer lists a rider that can provide benefits for covered critical illnesses and total permanent disability, subject to its terms.
Optional additional premium, eligibility and exclusions apply; confirm current availability.
The insurer lists rider options that may include term booster, accidental death, accidental total and permanent disability and payor benefits.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Axis Max Life plans and claim process
It is a unit-linked, non-participating individual life insurance plan that combines life cover with market-linked investment funds.
The current official product page lists UIN 104L115V04. Check the latest prospectus and policy documents before purchase.
The plan has a Wealth variant with single, limited or regular premium payment and a Whole Life variant with limited premium payment.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Axis Max Life website before purchasing.
Official Website
maxlifeinsurance.com
Visit the official Axis Max Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Optional rider; variants, eligibility and availability must be confirmed in current rider documents.
Self-Managed Portfolio, Lifecycle-based Portfolio, Trigger-based Portfolio, Systematic Transfer Plan and Dynamic Fund Allocation can help structure fund allocation.
These are investment strategies, not separate insurance covers.
The prospectus lists minimums by variant and mode: Wealth Single Pay ₹2,00,000; Wealth Limited Pay ₹33,557 annually or ₹2,815 monthly; Wealth Regular Pay ₹14,970 annually or ₹1,259 monthly; and Whole Life Limited Pay ₹1,00,000 annually or ₹8,334 monthly. Confirm these amounts against the current prospectus and your eligibility.
No. This is a market-linked ULIP. The policyholder bears investment risk and the fund value can rise or fall.
The current product page advertises unlimited free fund switches during the policy term, subject to policy rules.
Partial withdrawals may be made after the five-year lock-in. The current page describes up to 12 withdrawals in a policy year, subject to minimum amounts and policy conditions.
The current product page describes the highest of the applicable sum assured, fund value or 105% of total premiums paid, with adjustments for applicable partial withdrawals and subject to the policy contract.
Eligible policies in specified premium bands can receive additional units based on fund value from the end of the sixth policy year. The lowest premium band does not qualify under the published table.
The prospectus describes additional units equal to 2% of fund value at five-year intervals beginning at the end of the tenth policy year for qualifying premium bands.
The product describes a return of eligible mortality charges at maturity, subject to the applicable policy conditions and calculation rules.
The Whole Life variant is intended for long-duration protection and may extend to age 100, subject to the selected option and policy terms.
The plan describes Self-Managed Portfolio, Lifecycle-based Portfolio, Trigger-based Portfolio, Systematic Transfer Plan and Dynamic Fund Allocation strategies.
The insurer lists optional riders such as Critical Illness and Disability Secure Rider and Smart Ultra Protect Rider. Confirm current availability, eligibility and additional premiums.
Tax treatment depends on prevailing tax laws and the policyholder’s eligibility. Review current rules or consult a qualified tax adviser.
Read the latest official prospectus, policy contract and Customer Information Sheet on the Axis Max Life website. These documents govern benefits, charges and exclusions.