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Axis Max Life Shiksha Plus Super Plan is a unit-linked, non-participating individual life insurance plan designed to help parents build a fund for a child’s education and future expenses. The policyholder is also the life insured and must have an own or legally adopted child aged from birth to 18 years when proposing the plan. The product provides life cover and investment exposure through multiple market-linked funds. The latest insurer listing identifies UIN 104L084V20; customers should confirm the UIN and current product terms on the official prospectus and policy documents before applying. Benefits depend on the selected variant, premiums paid, policy status and contract terms.
18+ fund options, life cover and eligible future-premium funding benefit
The plan combines life protection with long-term market-linked investing. In the event of the life insured’s death while the policy is in force, the contract provides a lump-sum death payout, Family Income Benefit and funding of eligible outstanding premiums, subject to the policy terms. The fund value at maturity depends on investment performance and charges, so it is not a guaranteed maturity amount. The insurer lists 18+ fund options and investment strategies, including mechanisms intended to manage allocation over time. ULIPs generally have a five-year lock-in during which full or partial withdrawal is not available. This plan is worth comparing against a separate term policy plus a diversified investment approach, especially if flexibility, charges and risk exposure are important.
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
Choose from 18+ investment fund options across equity-oriented, debt and other available fund categories.
Fund availability and names are governed by the current prospectus.
If the life insured dies while the policy is in force, a lump-sum death benefit is payable as defined in the policy contract.
The calculation is governed by the policy terms and applicable conditions.
A benefit equal to 10% of the sum assured on death is payable on policy anniversaries after or coinciding with death, subject to the contract.
The policy provides for a minimum of three instalments and a maximum of ten, subject to policy terms.
Under the applicable death-benefit provision, eligible outstanding premiums are funded by the insurer and the policy can continue to maturity.
Subject to the contract, policy being in force and claim admissibility.
The plan provides a 10-year term for the 5 Pay variant and policy-term options in the 15–25-year range for Regular Pay.
Check current variant eligibility and policy-term combinations.
Additional protection may be available through riders offered by the insurer for this product and sales channel.
Do not assume a particular rider is available; verify rider names, eligibility and premium with the insurer.
Systematic Transfer Plan and Dynamic Fund Allocation are investment strategy choices described in the product material.
These are investment options, not separate insurance covers; eligibility conditions apply.
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 designed to help parents save for a child’s education and future needs while providing life cover.
The insurer’s latest listing identifies UIN 104L084V20. Check the latest official prospectus and policy documents before purchase.
The policyholder is also the life insured and must have an own or legally adopted child aged between birth and 18 years. The life insured’s entry-age conditions also apply.
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)
The minimum annualised premium depends on the variant and payment mode. Published prospectus versions have listed different minimums for 5 Pay and Regular Pay; obtain the current quote for UIN 104L084V20 rather than relying on an older figure.
No fixed maturity amount should be assumed. The maturity benefit is generally based on the fund value, subject to the policy contract, charges and market performance.
The current official product page advertises 18+ fund options. Check the current fund list and prospectus for the available choices.
Subject to the policy being in force and the claim being admissible, the policy provides a lump-sum death payout, Family Income Benefit and funding of eligible outstanding premiums under the stated conditions.
It provides scheduled payments equal to 10% of the sum assured on death on policy anniversaries, subject to the contract. The product material describes a minimum of three and maximum of ten instalments.
Under the applicable death-benefit provision, the insurer funds eligible outstanding premiums so the policy can continue to maturity, subject to the policy terms.
The lock-in period is five years. Full or partial withdrawals are not available during that period under the ULIP rules.
The product material describes loyalty additions beginning at the end of the 11th policy year for eligible Regular Pay policies. These additions do not guarantee market returns.
Fund switches and investment strategy options are governed by the product rules. Confirm the permitted number of switches, applicable charges and current conditions in the prospectus.
Partial withdrawals may be available after the five-year lock-in, subject to the policy terms, limits and applicable conditions.
The policy may enter a discontinued, reduced or other status under the contract. Benefits and access to the fund are governed by the policy wording and applicable ULIP rules.
Tax treatment depends on prevailing law and the policyholder’s individual circumstances. Consult the current tax rules or a qualified tax adviser.
Read the latest Shiksha Plus Super prospectus and policy document on the official Axis Max Life website. The current contract and policy schedule govern benefits, charges and exclusions.