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Axis Max Life Smart Value Income & Benefit Enhancer Plan is a non-linked, non-participating individual life insurance savings plan (UIN 104N159V05). It combines life insurance protection with guaranteed benefits defined by the selected variant and policy terms. The three variants are Insta Wealth, Future Wealth and Insta Wealth Boost. Depending on the option selected, benefits can include Flexi Income in the first policy year, Insta Income during the policy or premium-payment term, maturity benefits, future income and a Future Milestone Benefit. Eligible policies may also receive an Enhanced Maturity Booster. Actual payouts depend on the policy schedule, selected options, premium payment history and policy conditions. Review the current official prospectus before buying.
Choose from Insta Wealth, Future Wealth and Insta Wealth Boost variants
This plan may suit people who want a structured savings product with life cover and defined payout choices rather than market-linked returns. Its main distinction is the choice between income-oriented variants and a variant designed for a lump-sum maturity payout. Compare the premium commitment, policy term, premium-payment term, income start date and any future income period before selecting a variant. The minimum monthly premium published by the insurer is ₹429, but this is only a product minimum, not a personalised quote. Additional taxes and underwriting extra premiums may apply. Enhanced Maturity Boosters and optional riders are subject to their own eligibility and conditions. Do not treat every possible benefit as automatically payable to every policyholder.
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 Insta Wealth, Future Wealth or Insta Wealth Boost based on the permitted policy and premium-payment options.
Variant availability and terms differ.
Choose the permitted Flexi Income amount and payout mode for the first policy year, including the option to select nil benefit.
Due premiums and policy conditions must be satisfied.
Applicable variants can provide Insta Income from the second policy year or as specified for the selected variant.
Payout duration depends on the variant and selected term.
Insta Wealth and Future Wealth may provide future income during the selected Future Income Period after policy maturity.
Future Income is part of the maturity benefit structure.
Eligible variants allow the policyholder to select a Future Milestone Benefit level of 0%, 50%, 100% or 150% of total premiums paid.
Available choices and conditions are governed by the policy.
May waive future premiums in specified circumstances such as covered critical illness, dismemberment or death where the rider terms permit.
Optional rider; separate premium and eligibility conditions apply.
May provide additional benefits for covered accidental death or dismemberment.
Optional rider; exclusions and 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 non-linked, non-participating individual life insurance savings plan with three variants and benefits defined by the chosen policy terms.
The current official product page lists UIN 104N159V05. Always confirm the UIN on the latest policy documents before purchase.
The variants are Insta Wealth, Future Wealth and Insta Wealth Boost. Their premium-payment terms and payout structures differ.
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)
May provide an additional lump-sum benefit on death of the life insured, subject to rider terms.
Optional rider; availability may depend on the sales channel.
May provide an additional benefit for covered critical illness or disability events.
Optional rider; covered conditions and exclusions apply.
The insurer lists a minimum monthly premium of ₹429 for the variants shown on its product page. The actual premium depends on the selected terms and applicable conditions; taxes and underwriting extra premiums may apply.
Yes. It includes a death benefit subject to the policy contract, selected options and applicable conditions.
It is an income option for the first policy year. The policyholder can select a permitted payout amount and mode, including nil Flexi Income.
For eligible variants, Insta Income is a survival benefit payable during the period specified for the selected variant, provided applicable conditions are met.
For eligible Insta Wealth and Future Wealth options, Future Income may be payable after the policy term during the Future Income Period chosen at inception.
Eligible options provide a permitted lump-sum choice or a future income and milestone payout structure. The available choice depends on the variant and policy schedule.
If selected and available for the policy, it allows eligible future survival and maturity benefits to continue after the life insured dies without requiring future premium payments.
The insurer lists optional riders such as Waiver of Premium Plus, Accidental Death and Dismemberment, Term Plus, and Critical Illness and Disability. Availability depends on eligibility and sales channel.
The policy may acquire reduced paid-up, lapse, surrender or other status under the contract. Consequences depend on the premiums paid, policy duration and applicable provisions.
No tax outcome should be assumed. Any deduction or exemption depends on prevailing tax law and the policyholder’s individual eligibility.
Read the latest official prospectus, policy contract and Customer Information Sheet on the insurer website. The policy contract and schedule govern the benefits and exclusions.