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Axis Max Life Shiksha Plus Super
A child's dream can be to become a rocket scientist or the next ‘Indian Idol’. We can never know what fuels their imagination and what they plan for themselves.
As parents, all we can do is back their dreams and provide financial support whenever needed. Hence, we have to start planning early for our kids. Axis Max Life Shiksha Plus Super Plan (UIN: 104L084V12) helps you secure a fund for your child’s education and future.
3 Reasons to Buy Axis Max Life Shiksha Plus Super Plan
- Insurance with the flexibility to invest in the equity market with multiple fund options
- Financial security for your child during emergencies
- Funds to meet your child's higher education costs & future expenses
What do You get with Axis Max Life Shiksha Plus Super Plan?
Comprehensive Coverage
Policy Term Options
14 Fund Options
All You Need to Know about Axis Max Life Shiksha Plus Super Plan
- Plans Benefits
- How this plan works?
- Check your eligibility
- Premium Payment Options
- Downloads
Death Benefit
Maturity Benefit
Guaranteed Loyalty Additions
Tax Benefits
Let's look at some examples that are based on a standard male life
(Standard Premium for 28-Year-Old Male, Non-Smoker, Base Plan Policy Term of 30 Years, Premium Payment Term of 30 Years):
| Scenario | Example 1 | Example 2 | Example 3 |
| Age of Life Insured (Years) | 30 | 35 | 40 |
| Age of the Child (Years) | 1 | 5 | 10 |
| Policy Term(Years) | 20 | 15 | 10 |
| Premium Payment Term (Years) | 20 | 15 | 5 |
| Annualised Premium | Rs. 50,000 | Rs. 75,000 | Rs. 1,00,000 |
| Maturity Value (@4%)* | Rs. 11,73,676 | Rs. 12,15,250 | Rs. 4,77,152 |
| Maturity Value (@8%)* | Rs. 18,58,709 | Rs. 17,02,136 | Rs. 6,63,393 |
In the examples shown here, we have considered the following options:
Premium Payment Mode: Annual
Fund Chosen: Balanced Fund
Sum Assured Multiple: Cover multiple under the product are defined as below:
| Premium payment term chosen | Entry Age (Years) | Cover multiples available |
| Age of Life Insured (Years) | Age <= 49 | 7 & 10 |
| Age >=50 | 5, 7 & 10 |
Entry Age (Age as on last birthday):
21 to 50 years
The Policyholder (who shall also be the Life Insured) should have a child (own or legally adopted) aged 0 - 18 years
Maximum Maturity Age (Age as on last birthday):
For 5 Pay – 60 years
For Regular Pay - 65 Years
| Criteria | Specification | ||
| Premium Payment Term / Policy Term | 5 Pay Variant | 10 year Policy Term | |
| Regular Pay Variant | 15 to 25-year Policy Term (Policy Term is equal to the Premium Payment Term) | ||
| Premium Payment Mode | Annual, Semi-annual, Quarterly, Monthly | ||
| Minimum Annualised Premium | 5 Pay | Rs. 50,000 | |
| Regular Pay | Annual Mode: Rs. 25,000 Non Annual Mode: Rs. 48,000 | ||
| Maximum Annualised Premium | No Limit | ||
| Cover multiple under the product are defined as below: | |||
| Sum Assured | |||
| Premium payment term chosen | Entry Age (Years) | Cover multiples available | |
| Limited/ Regular pay | Age <= 49 | 7 & 10 | |
| Age >=50 | 5, 7 & 10 | ||
| Sum assured will be calculated by multiplying the chosen 'death benefit cover multiple' with the 'Annualised Premium'. | |||
| Maximum Sum Assured | No limit, subject to the Board approved underwriting policy of the Company. | ||
| Minimum Sum Assured | 5 Pay | Rs. 2,50,000 | |
| Regular Pay | Annual Mode: Rs. 1,25,000 Non-Annual Mode: Rs. 2,40,000 | ||
Charge Structure
Premium Allocation Charge
The Premium Allocation Charge, expressed as a percentage of the premiums received, is depicted in the table below.
| Allocation Charge (as % of Premium) | ||
| Policy Year | 5 Pay | Regular Pay |
| 1 | 5% | 5% |
| 2 | 4% | 4% |
| 3-5 | 3% | 3% |
| 6-10 | NA | 3% |
| 11 & above | NA | 0% |
Fund Management Charge
This is a charge levied as a percentage of the value of assets and shall be appropriated by adjusting the Net Asset Value of the Fund. The rate to be levied will be equal to the annual rate, as given below, divided by 365 and multiplied by the number of days that have elapsed since the previous unit valuation date. The annual rate of the Fund Management Charge is as below.
| Name of Fund | Charge (per annum) as % of Fund Value | Risk Rating |
| High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104) | 1.25% | Very High |
| Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104) | 1.25% | Low |
| Growth Fund (SFIN: ULIF00125/06/04LIFEGROWTH104) | 1.25% | Medium |
| Midcap Momentum Index Fund (SFIN: ULIF02801/01/24MIDMOMENTM104) | 1.25% | Very High |
| Nifty 500 Momentum 50 Fund (SFIN: ULIF03015/08/24MOMENFIFTY104) | 1.25% | Very High |
| Nifty Momentum Quality 50 Fund (SFIN: ULIF03127/10/24MOMQUALITY104) | 1.25% | Very High |
| Sustainable Wealth 50 Index Fund (SFIN: ULIF03223/12/24SUSTWEALTH104) | 1.25% | Very High |
| Smart Innovation Fund (SFIN: ULIF03301/03/25INNOVATION104) | 1.25% | Very High |
| Nifty 500 Multifactor 50 Index Fund (SFIN: ULIF03414/05/25MULTIFACTO104) | 1.25% | Very High |
| Nifty Alpha 50 Fund (SFIN: ULIF02914/05/24ALPHAFIFTY104) | 1.25% | Very High |
| Balanced Fund (SFIN: ULIF00225/06/04LIFEBALANC104) | 1.10% | High |
| Nifty Smallcap Quality Index Fund (SFIN: ULIF02702/08/23NIFTYSMALL104) | 1.00% | Very High |
| Conservative Fund (SFIN: ULIF00325/06/04LIFECONSER104) | 0.90% | High |
| Secure Fund (SFIN: ULIF00425/06/04LIFESECURE104) | 0.90% | Low |
| Secure Plus Fund (SFIN: ULIF01628/04/09LIFESECPLS104) - only available with Systematic Transfer Plan | 0.90% | Low |
| Discontinuance Policy Fund (SFIN: ULIF02021/06/13LIFEDISCON104) - only available in case of policy discontinuance in the first five policy years | 0.50% | Low |
Policy Administration Charge
This is a charge expressed as a percentage of Annualised Premium and is levied at each monthly anniversary by cancelling proportionate units starting from the date of commencement of Policy.
| Premium Payment Mode | Policy Administration Charge (% of Annualised Premium) |
| Annual mode | 0.32% p.m. compounding at 5% per annum from the sixth Policy year onwards up to a maximum of Rs. 500 per month |
| Non-Annual mode | 0.22% p.m. compounding at 5% per annum from the sixth Policy year onwards up to a maximum of Rs. 500 per month |
Mortality Charge
Mortality Charge is levied for providing risk cover to the Life Insured during the Policy Term. Levied on the attained age of the Life Insured for the Sum at Risk and is unisex. On each monthly anniversary, an appropriate number of Units are cancelled from the Unit Account at their Unit Price. This is done to meet mortality for the Life Insurance from the Date of Commencement of the Policy.
Sum at Risk is defined as the sum of the following:
Higher of [Sum Assured or 105% of total premiums paid till the date of death or (0.5 X Policy Term X Annualised Premium)] and
Present value of future Family Income Benefit plus the Funding of Premium Benefit payable
Please note the present value of these benefits will be calculated at a discounted rate of 6.5% p.a.
Please refer to the below mortality rates per thousand sum at risk for some sample ages (standard lives) as below:
| Age | 25 | 30 | 35 | 40 | 45 | 50 |
| Mortality charge (Rs.) (per Rs. 1,000 Sum at Risk) | 0.98 | 1.06 | 1.28 | 1.80 | 2.87 | 4.95 |
Surrender / Discontinuance Charge
This charge shall be levied on the Fund Value at the time of Discontinuance of Policy or effecting Complete Withdrawal (Surrender) whichever is earlier, as per the following table:
| For 5 Pay and Regular Pay, Annualised Premium above Rs. 50,000 | |
| Policy Year | Surrender/Discontinuance Charge |
| 1 | Lower of 6% of the Annualised Premium or 6% of the Fund Value or Rs. 6,000 |
| 2 | Lower of 4% of the Annualised Premium or 4% of the Fund Value or Rs. 5,000 |
| 3 | Lower of 3% of the Annualised Premium or 3% of the Fund Value or Rs. 4,000 |
| 4 | Lower of 2% of the Annualised Premium or 2% of the Fund Value or Rs. 2,000 |
| 5 & Above | Nil |
| For 5 Pay and Regular Pay, Annualised Premium upto Rs. 50,000 | |
| Policy Year | Surrender/Discontinuance Charge |
| 1 | Lower of 20% of the Annualised Premium or 20% of the Fund Value or Rs. 3,000 |
| 2 | Lower of 15% of the Annualised Premium or 15% of the Fund Value or Rs. 2,000 |
| 3 | Lower of 10% of the Annualised Premium or 10% of the Fund Value or Rs. 1500 |
| 4 | Lower of 5% of the Annualised Premium or 5% of the Fund Value or Rs. 1,000 |
| 5 & Above | Nil |
Switch Charge
You may Switch Units between available Funds at any time during the Policy Term, subject to a minimum Switch amount of Rs. 5,000. A maximum of twelve (12) Switches are allowed in a Policy Year, and they are free of charge.
Premium Redirection Charge
You may redirect your future Premiums between available Funds at any time by giving us written notice before the premium due date. Your notice must quote your Policy Number and specify precisely the Fund(s) in which you wish to redirect the premiums along with the percentage of premium that you wish to allocate against each Fund. A maximum of six (6) Premium Redirections are allowed in a Policy year and all are free of charge.
Premium Reduction
The policyholder can decrease the premium up to 50% of the original Annualised Premium subject to the minimum premium limit, only at the end of 5 year lock-in period. The intimation about exercising this option should be given 15 days prior to the premium due date. Once opted, the option cannot be exercised again and the premium cannot be subsequently increased. The Sum Assured will be reduced proportionately to the new annual premium and all the applicable charges will be deducted accordingly. Both the Family Income Benefit and Funding of Premium benefit will be then based on the reduced sum assured and reduced premium respectively. The Sum Assured of attached Rider (if any) and the rider premium will also be reduced by the same proportion, subject to the regulatory boundary conditions for riders. If the revised rider benefit is not within the prescribed limits, the rider benefit will be terminated and termination conditions of the rider shall apply.
The reduced premium payable cannot be less than the minimum premium allowable for the product.
Partial Withdrawal
After the first five policy years, a maximum of two Partial Withdrawals are allowed in a policy year and are free of charge. The minimum amount of Partial permitted withdrawal per transaction is Rs. 5,000. In a policy year, the maximum amount that can be withdrawn is 50% of the Fund Value as on the Date of the Partial Withdrawal, subject to the Fund Value, immediately after Partial Withdrawal being at least equal to 1 (One) Annualised Premium. You may make two Partial Withdrawals in a policy year such that the summation of the percentage of Fund Value withdrawn is less than or equal to 50%.
All applicable taxes, cesses, and levies are applicable on all charges as per the prevailing law as imposed by the Government. Any further taxes and cess shall be passed on to the policyholder.
| Downloads | Actions |
| Prospectus |
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| Leaflet |
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| Policy Contract |
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| Premium Rates Table |
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| Customer Information Sheet |
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Fund Options and Their Performances
High Growth Fund
(SFIN: ULIF01311/02/08LIFEHIGHGR104)
Investment Group: Equity
Risk Profile | Very High
Fund 5 year Returns
32.15%
Benchmark 5 year Returns
31.99%
*(Nifty MidCap Free Float 100%)
Nature of Fund
An open-ended equity multi-cap fund focussing on midcaps.
Investment Strategy
This multi-cap fund focuses on mid-cap equities; meaning it invests in companies with long-term high growth potential in terms of capital value assets. At least 70% of the Fund corpus is invested in equities, with the rest invested in government securities, corporate bonds and money market instruments. Hence, the risk involved is relatively higher.
Secure Plus Fund
(SFIN: ULIF01628/04/09LIFESECPLS104
Investment Group: Debt
Risk Profile | Low
Fund 5 year Returns
6.83%
Benchmark 5 year Returns
6.78%
*(CRISIL Bond Index 100%)Nature of Fund
An open-ended debt fund allowing investments for preferred duration, with the preference for government securities.
Investment Strategy
Through Systematic Transfer Plan (STP), Lifecycle Based Portfolio and Trigger Based Portfolio strategies, this Fund is designed to help investors protect their investment with a higher proportion of sovereign papers by the Government of India’s implicit guarantee for repayment of principal and interest. This Fund invests in debt instruments such as Government Securities, Corporate Bonds, Money Market Instruments etc. authorised by IRDAI for investment. The Government of India/ State Governments, Corporate and banks primarily issue it. No investment is made in equities.
Growth Super Fund
(SFIN: ULIF01108/02/07LIFEGRWSUP104)
Investment Group: Equity
Risk Profile | Very High
Fund 5 year Returns
19.94%
Benchmark 5 year Returns
19.79%
(NSE Nifty 100%)Nature of Fund
An open-ended equity fund focussing on large caps.
Investment Strategy
It is primarily an equity-oriented fund. At least 70% of the fund corpus is always invested in equities. The rest is invested in debt instruments in government, corporate and money market papers.
Growth Fund
(SFIN: ULIF00125/06/04LIFEGROWTH104)
Investment Group: Equity
Risk Profile | High
Fund 5 year Returns
13.59%
Benchmark 5 year Returns
13.42%
*(Crisil Bond Index 50% and NSE Nifty 50%)Nature of Fund
An open-ended hybrid fund with the equity portion focused on large caps.
Investment Strategy
This fund offers investments across multiple asset classes including Equities, Government Securities, Corporate Bonds and Money Market Instruments. The portfolio will contain a minimum of 20% with an upper limit of 70% invested in stocks. Remaining assets are allocated to debt instruments from Government, corporate and financial instruments.
Balanced Fund
(SFIN: ULIF00225/06/04LIFEBALANC104)
Investment Group: Balanced
Risk Profile | Medium
Fund 5 year Returns
10.76%
Benchmark 5 year Returns
10.79%
*(Crisil Bond Index 70% and NSE Nifty 30%)Nature of Fund
An open-ended hybrid fund investing in a mixture of debt instruments and equities.
Investment Strategy
This fund invests primarily in debt instruments, including Government Securities, Corporate Bonds, Money Market Instruments etc. Government of India/ State Governments and to some extent in Corporate Bonds and Money Market Instruments issue it. Up to 40% of its corpus can also be placed into equities, with a minimum requirement of 10% and up to a maximum of 40%.
Conservative Fund
(SFIN: ULIF00325/06/04LIFECONSER104)
Investment Group: Debt
Risk Profile | Medium
Fund 5 year Returns
8.19%
Benchmark 5 year Returns
8.12%
(Crisil Bond Index 90% and NSE Nifty 10%)Nature of Fund
An open-ended hybrid fund investing predominantly in debt instruments.
Investment Strategy
Conservative Fund invests primarily in debt instruments including Government Securities, Corporate Bonds, Money Market Instruments etc. The Government of India/ State Governments and to some extent in Corporate Bonds and Money Market Instruments issue it. The Fund corpus invested is up to 15% in equities.
Secured Fund
(SFIN: ULIF00425/06/04LIFESECURE104)
Investment Group: Debt
Risk Profile | Low
Fund 5 year Returns
6.91%
Benchmark 5 year Returns
6.78%
*(CRISIL Bond Index 100%)Nature of Fund
An open-ended debt fund that invests across duration.
Investment Strategy
This fund invests in debt instruments including Government Securities, Corporate Bonds, Money Market Instruments etc. authorised by IRDAI. The Government of India/ State Governments, Corporate and banks issues it. No investment is made in equities.
Nifty Smallcap Quality Index Fund
(SFIN: ULIF02702/08/23NIFTYSMALL104)
Investment Group: Equity
Risk Profile | Very High
New Fund
Nature of Fund
To invest in a basket of stocks drawn from the constituents of the NSE Smallcap 250 Quality 50 index.
Investment Objective
To invest in a basket of stocks drawn from the constituents of the NSE Smallcap 250 Quality 50 index. The objective of the fund is to invest in companies in the above index with similar weights as the index and generate returns as closely as possible, subject to tracking error.
Midcap Momentum Index Fund
SFIN: (ULIF02801/01/24MIDMOMENTM104)
Investment Group: Equity
Risk Profile | Very High
New Fund
Nature of Fund
The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE Midcap 150 Momentum 50 index.
Investment Objective
The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE Midcap 150 Momentum 50 index. The fund will invest in the companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.
Nifty Alpha 50 Fund
(SFIN: ULIF02914/05/24ALPHAFIFTY104)
Investment Group: Equity
Risk Profile | Very High
New Fund
Nature of Fund
The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s Nifty Alpha 50 index.
Investment Objective
The fund to invest in a basket of stocks drawn from the constituents of NSE’s Nifty Alpha 50 Index that invests in 50 stocks across small cap, mid cap and large cap segment with highest alphas within the top 300 stocks by average freefloat market capitalisation. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.
Nifty 500 Momentum 50 Fund
(SFIN: ULIF03015/08/24MOMENFIFTY104)
Investment Group: Equity
Risk Profile: Very High
New Fund
Nature of Fund
To invest in a basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index.
Investment Strategy
The objective of fund is to invest in a basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index that invests in 50 stocks across small cap, mid cap and large cap segment, with highest normalized momentum scores within the top 500 stocks by average free-float market capitalization. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.
Nifty Momentum Quality 50 Fund
(SFIN: ULIF03127/10/24MOMQUALITY104)
Investment Group: Equity
Risk Profile: Very High
New Fund
Nature of Fund
The objective of this fund is to invest in companies with similar weights as in the NSE’s Nifty 500 Multicap Momentum Quality 50 Index and generate returns as closely to the index as possible, subject to tracking error.
Investment Strategy
The objective of this fund is to invest in companies with similar weights as in the NSE’s Nifty 500 Multicap Momentum Quality 50 Index and generate returns as closely to the index as possible, subject to tracking error. Nifty 500 Multicap Momentum Quality 50 Index invests in 50 stocks, i.e. 10 companies from large cap universe (stocks forming part of the Nifty 100), 15 companies from midcap universe (stocks forming part of the Nifty Midcap 150) and 25 companies from the small-cap universe (stocks forming part of the Nifty Smallcap 250) based on the combination of momentum and quality factor scores.
Sustainable Wealth 50 Index Fund
(SFIN: ULIF03223/12/24SUSTWEALTH104)
Investment Group: Equity
Risk Profile: Very High
New Fund
Nature of Fund
An open-ended quantitative passive index fund investing in 50 companies based on FCF Yield and Dividend Yield.
Investment Strategy
The objective of the fund is to invest in a basket of 50 stocks based on a proprietary equal weighted factor-based quantitative index designed to identify top-performing stocks from the NSE 500 universe based on Free Cash Flow Yield (FCF Yield) for non-financial companies and Dividend Yield for financial companies.
Smart Innovation Fund
(SFIN: ULIF03301/03/25INNOVATION104)
Investment Group: Equity
Risk Profile: Very High
New Fund
Nature of Fund
An equity-oriented scheme investing in innovative companies and business with the objective to generate long term capital appreciation.
Investment Strategy
Smart Innovation Fund is a fund with a focus on investing in innovative companies and business benefitting from the evolving innovation eco-system with the objective to generate long term capital appreciation. At least 70% of the Fund corpus is invested in a basket of equity stocks over the entire market capitalization range at all times. However, the remaining is invested in government securities, corporate bonds and money market instruments; hence the risk involved is relatively high.
Nifty 500 Multifactor 50 Index Fund
(SFIN: ULIF03414/05/25MULTIFACTO104)
Investment Group: Equity
Risk Profile: Very High
New Fund
Nature of Fund
An open ended passive equity index investing in a 50-stock portfolio selected based on a combination of momentum, quality, value and low volatility factors from the Nifty 500.
Investment Strategy
The Objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s Nifty 500 Multifactor MQVLv 50 Index based on a combination of momentum, quality, value and low volatility factors. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.
Note: Returns are 5-year compounded annualised growth rate (CAGR). Past performance is not indicative of future performance. Star rating is Overall Rating. Rating and returns are as on 30th April 2025.
"The Above mentioned Fund returns are after deduction of Fund Management Charges (FMC)"
In the unit linked insurance policies, investment risk in the investment portfolio is borne by the policy holder. Past performance is not necessarily indicative of future performance. The linked insurance products do not offer any liquidity during the first five years of the contract the policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of fifth year. Returns are 5 year compounded annualised growth rate (CAGR). Rating and returns are as on 30th April 2025.
© 2020 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
The ‘Morningstar Overall Rating’ is a quantitative assessment of a fund’s past performance-both return and risk-as measured from one to five stars, with one (1) being the lowest and five (5) being the best as on 30th April 2025.
The details of the available investment strategy are as follows:
Dynamic Fund Allocation
You can opt for the Dynamic Fund Allocation option only at the inception of the policy. Under this option, assets under management shall be maintained amongst Growth Super Fund and Secure Fund in a pre-defined proportion that changes depending upon the years left to maturity as per the matrix below. Switching of existing Fund Value shall happen on the policy anniversary and Allocation of the premium received amongst the Funds shall happen on the date of receipt of such premium or premium due date, whichever is later, in the proportion mentioned in the table below. You do not have the option to redirect premiums or effect unit switches during the period this option is in force. You may opt out of the 'Dynamic Fund Allocation' option anytime during the Policy Term, which will then be effective from the next policy anniversary. Once opted out, 'Dynamic Fund Allocation' cannot be opted again. Also, after opting out, you can exercise free Switches or Premium Redirection options.
| Number of Years to Maturity | Assets under management to be maintained under the Growth Super Fund | Assets under management to be maintained under the Secure Fund |
| 16 – 30 | 80% | 20% |
| 11 – 15 | 60% | 40% |
| 6 - 10 | 40% | 60% |
| 0 - 5 | 20% | 80% |
Discontinuance Policy Fund (SFIN: ULIF02021/06/13LIFEDISCON104)
The Discontinuance Policy Fund is available only in the case of policy surrender or discontinuance within the first five policy years.
| Fund Name | Government Securities | Corporate Bonds | Money Market & Cash Instruments | Equity & Equity related securities | Risk Rating |
| Discontinuance Policy Fund | 60-100% | Nil | 0-40% | Nil | Low |
The minimum guaranteed return on this Fund is 4.0% per annum (or as mandated by IRDAI from time to time).
The excess income earned in the Discontinuance Policy Fund over and above the minimum guaranteed interest rate shall also be apportioned to the Discontinuance Policy Fund in arriving at the proceeds of the discontinued policies and shall not be made available to the Company.
ARN: PDP/SPS/140525
Wondering, Why getting a Child Insurance Plan is Necessary to Fulfill Your Child’s Education Needs
Understand Child Plans better
Why Choose Axis Max Life?
99.70% Death Claims Paid Ratio
(Source: Individual Death Claims Paid Ratio as per Audited Financials for FY 2024-2025)
405 Branches
(Source: As reported to IRDAI, FY 2024-25)
₹2,191,857 Cr. Sum Assured
In force (individual) (Source: Axis Max Life Public Disclosure, FY 2024-25)
₹175,072 Cr. Assets Under Management
(Source: Axis Max Life Public Disclosure, FY 2024-25)
Additional Benefits Through Riders
Axis Max Life Smart Ultra Protect Rider: (UIN: 104A049V02)
Axis Max Life Smart Ultra Protect Rider is a Unit-Linked Individual Health Insurance Rider. This rider offers coverage against a range of risks. You may opt for coverage against one or more risks as per your needs. Risks covered under the rider are Term Booster with Accelerated Terminal Illness, Accidental Death Benefit, Accidental Total & Permanent Disability, and Payor Benefit. Return of premium option is available under all *Rider Benefit Variants except for payor benefit. The policyholder has the flexibility to choose from multiple possible combinations of *Rider Benefit Variant. For further details, please refer to Axis Max Life Smart Ultra Protect Rider Prospectus and Policy Document.
*Rider Benefit Variant Term Booster with Accelerated Terminal Illness, Accidental Death Benefit, Accidental Total Permanent Disability will be applicable on Life insured and Payor benefit will be applicable on policyholder.
Downloads
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- Whatsapp: 7428396005Send ‘Hi’ from your registered mobile number
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