Loading...
Loading...
Axis Max Life Smart Wealth Income Plan is a non-linked, participating individual life insurance savings plan (UIN 104N120V04). It offers three plan options: Early Income, Early Income with Guaranteed Money Back, and Deferred Income. The Early Income and Deferred Income options include guaranteed income for 25 years or until the end of the policy term, whichever is lower, subject to policy conditions. The Early Income with Guaranteed Money Back option provides three guaranteed money-back payments at defined intervals. Cash bonuses may be payable if declared by the insurer and are not guaranteed. Eligible survival benefits can be accrued and withdrawn according to policy rules. Customers can choose from permitted income periods and maturity ages, including age 100 under eligible configurations. The plan also provides life cover during the policy term. Policy Continuance Benefit is available on eligible configurations and has specific maturity-age and policyholder eligibility conditions. The minimum sum assured listed by the insurer is ₹5,00,000; the premium depends on the applicant and selected policy configuration.
Three income options, flexible payout accrual and optional Policy Continuance Benefit
This plan may suit customers who want a life insurance policy structured around a future income stream rather than market-linked returns. Compare the three options carefully: Early Income suits those wanting earlier payouts, Early Income with Guaranteed Money Back includes three defined money-back benefits, and Deferred Income suits those willing to wait for income to start. Distinguish guaranteed benefits from cash bonuses, which are payable only if declared. The minimum sum assured is ₹5,00,000, but this is not a premium amount. Ask for a personalised benefit illustration showing the premium, death benefit, income schedule, policy term, maturity age and surrender value. Review Policy Continuance Benefit eligibility and all exclusions before purchase.
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 customers who want income to begin earlier. The plan specifies guaranteed income for 25 years or until the end of the policy term, whichever is lower, subject to policy conditions.
Income amounts and timing depend on the selected policy configuration.
This option provides three guaranteed money-back payments at defined intervals, as specified in the policy terms.
The amount and timing of each payment depend on the selected variant and policy configuration.
Designed for customers who prefer to defer the start of their income. Guaranteed income is payable for 25 years or until the end of the policy term, whichever is lower, subject to conditions.
The deferment period and income start date depend on the selected policy configuration.
Cash bonuses may be paid if declared by the insurer under the participating policy.
Cash bonuses are not guaranteed and depend on the insurer declaring them.
Eligible survival benefit payouts can be accrued and withdrawn according to the policy rules.
Withdrawal timing and the available amount are subject to policy conditions.
Provides policy-continuance protection following specified covered events under the applicable terms.
Optional and subject to eligibility. The life insured and policyholder must be the same individual, and the selected maturity age must meet the stated conditions.
Additional protection may be available through eligible riders offered by the insurer.
Confirm the currently available rider names, premium and eligibility before purchase; do not assume every rider can be attached.
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, participating life insurance savings plan designed to provide income benefits alongside life cover, according to the selected option and policy conditions.
The plan offers Early Income, Early Income with Guaranteed Money Back, and Deferred Income.
The insurer lists a minimum sum assured of ₹5,00,000, with no stated upper limit. This is the sum assured, not the premium.
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 premium depends on age, selected option, policy term, premium payment term and other eligibility factors. Obtain a personalised quotation from the insurer.
Guaranteed income applies to specified options and policy conditions. Cash bonuses are payable only if declared and are not guaranteed.
The Early Income option provides guaranteed income for 25 years or until the end of the policy term, whichever is lower, subject to the policy conditions.
This option provides three guaranteed money-back payments at defined intervals, as specified in the policy contract.
Deferred Income is intended for customers who want income to begin later. The deferment period and guaranteed income schedule depend on the selected policy configuration.
Eligible survival benefit payouts can be accrued and withdrawn according to the plan rules and policy conditions.
An income period extending to age 100 is available under eligible configurations. Not all maturity ages are available with every option.
It is an optional benefit available on eligible configurations. It is subject to eligibility conditions and is not available for maturity age 100.
Yes. Life insurance cover is available during the policy term, subject to the policy contract.
Tax benefits may be available under prevailing tax laws, subject to eligibility and applicable conditions. Tax rules can change.