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Axis Max Life Smart Wealth Advantage Guarantee Plan is a non-linked, non-participating individual life insurance savings plan (UIN 104N124V17). It offers five variants: Wealth for Milestones, Regular Wealth, Long Term Wealth, Early Wealth and Lifelong Wealth. Depending on the chosen variant, customers can structure benefits around a future milestone, scheduled income or lifelong income. Premium payment terms, policy terms, income deferment periods and payout durations vary by variant. The plan also includes an accidental death benefit subject to its conditions, and eligible variants may offer Policy Continuance Benefit. The Save-the-Date feature allows eligible customers to customise payout timing. Benefits are governed by the policy contract and applicable conditions; the personalised benefit illustration should be reviewed before purchase.
Five variants, flexible payout options and an in-built accidental death benefit
This plan may suit customers who prioritise contractual guaranteed benefits and want to match a savings product to a defined milestone or income goal. Compare all five variants carefully: their entry ages, payment terms, policy durations and payout structures are not interchangeable. The published minimum monthly premium is ₹429 for variants 1–4 and ₹4,285 for Lifelong Wealth, but the actual premium and benefits depend on the selected configuration. Review the death benefit, accidental death benefit duration, Policy Continuance Benefit eligibility, surrender terms and premium payment obligations. A personalised benefit illustration is essential before making a purchase decision.
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
Designed for a future financial goal, this variant provides maturity benefits based on the selected policy term and premium payment option.
The prospectus specifies a maturity benefit based on sum assured and guaranteed accrued additions, subject to policy terms.
Provides survival benefits according to the selected income and deferment options.
The official plan page specifies that no maturity benefit applies under this variant; check its benefit illustration for the full payout schedule.
Offers a long-term guaranteed income structure with selectable premium payment terms, deferment period and income duration.
Income options and the available policy term depend on the selected configuration.
Designed for customers who want income to begin earlier under the permitted policy configurations.
Income start year and policy term depend on the selected premium payment term and option.
Offers a lifelong income option, with income available up to age 100 under the stated conditions.
This variant has a minimum entry age of 40 years. Check the current prospectus for the full benefit schedule.
An optional benefit intended to support policy continuity after specified covered events.
Not available with every variant. Review eligibility, cost and conditions in the current prospectus.
The insurer offers rider options that may enhance protection when attached to an eligible policy.
Exact rider names, availability and charges must be confirmed for the selected variant before purchase.
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 life insurance savings plan offering different guaranteed benefit and income structures according to the selected variant.
The variants are Wealth for Milestones, Regular Wealth, Long Term Wealth, Early Wealth and Lifelong Wealth.
The prospectus lists minimum monthly premiums of ₹429 for variants 1–4 and ₹4,285 for Lifelong Wealth. These are minimums for eligible configurations; the actual premium depends on the chosen option and policy terms.
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 plan provides guaranteed benefits specified in the policy contract, provided applicable conditions are met and premiums are paid as required.
It is designed for future financial milestones, with maturity benefits determined by the selected policy configuration and applicable guaranteed additions.
It offers survival benefits according to the selected payout structure. The official product page states that no maturity benefit applies under this variant.
Both offer income-oriented structures, but the available income start, deferment period and policy terms differ. Compare the current prospectus and benefit illustration for the chosen variant.
It offers a lifelong income option, with income available up to age 100 under the stated conditions. Its minimum entry age is 40 years.
Eligible variants offer the Save-the-Date feature, which allows payout timing to be customised within the policy rules.
Yes, an in-built accidental death benefit is described in the product materials. Its amount and period of availability depend on the policy conditions.
It is an optional benefit available on eligible variants, subject to its terms. It is not available with Lifelong Wealth.
Surrender and early termination are governed by the policy contract and may affect the amount payable. Review the current policy document before making a decision.
Tax benefits may be available under prevailing tax law, subject to eligibility and applicable conditions. Tax rules can change.