Individual
Axis Max Life Group Credit Life Premier Plan
With ambition at our fingertips, it's no surprise that many of us turn to financial aid such as loans when pursuing dreams like owning a car or house. But, have you ever wondered what happens if an outstanding loan gets passed on to your family due to a tragedy?
For such situations, we offer Axis Max Life Group Credit Life Premier Plan (UIN: 104N095V03), a group master policy for borrowers of banks/ financial institutions. In case of eventualities, Axis Max Life pays the rest of the premiums so that your family doesn’t get the additional burden of paying off the loan liability besides undergoing emotional trauma. This plan helps lending institutions secure their assets and avoid loan defaults.
What does Axis Max Life Group Credit Life Premier Plan Offer to Members and Lending Institutions?
Protection against loan liabilities
Low-cost Protection
Additional Protection through Riders
All You Need to Know about Axis Max Life Group Credit Life Premier Plan
- Plan Benefits
- Eligibility Criteria
- Downloads
| Minimum Age at Entry |
14 years (age as on last birthday) for Education Loan 18 years (age as on last birthday) for any other type of loan (except education loan) |
| Maximum Age at Entry | 75 years (age as on last birthday) |
| Maximum Age at Maturity | 77 years (age as on last birthday) |
| Minimum Policy Term | 1 month |
| Maximum Policy Term | 40 years |
| Group Size to Initiate a Group Scheme |
Minimum: 50 members within a policy year Maximum: No Limit |
| Face Amount (Per Member) |
Minimum: Rs. 10,000 per member Maximum: No Limit, but subject to underwriting |
| Premium Amount |
Minimum: Minimum Premium per member is subject to minimum Sum Assured per member and applicable premium rates Maximum: No Limit |
More points to be noted: This policy covers both natural and accidental death-causing events. There should be a clear relationship between individual members and the group policyholder. The policyholder will have the legal authority to act on behalf of all the members of the group under the group insurance contract. No group should have been formed for the sole purpose of insurance coverage.
| Downloads | Actions |
| Policy Document |
|
| Prospectus |
|
| Leaflet |
|
| Premium Rates |
|
| Customer Information Sheet |
|
Additional Benefits Through Riders
Axis Max Life Group Critical Illness Secure (Accelerated benefit) Rider
Group Critical Illness Secure (Accelerated Benefit) Rider protects the lender from loan defaults, in case the borrower is diagnosed with Critical Illness. (For further details, please refer to Axis Max Life Group Critical Illness Secure (Accelerated Benefit) Rider Prospectus, UIN – 104B032V03)
Downloads
Why Choose Axis Max Life?
99.8% Death Claims Paid Ratio
405 Branches
₹2,191,857 Cr. Sum Assured
₹175,072 Cr. Assets Under Management
ARN: PDP/GCLP/011024
Popular Searches
- Whatsapp: +91-7428396005Send ‘Quick Help’ from your registered mobile number
- Phone: +91-124-648-890009:30 AM to 06:30 PM
(Monday to Sunday except National Holidays) - service.helpdesk@axismaxlife.comPlease write to us incase of any escalation/feedback/queries.
- Whatsapp: +91-7428396005Send ‘Hi’ from your registered mobile number
- 1860-120-55779:00 AM to 6:00 PM
(Monday to Saturday) - service.helpdesk@axismaxlife.comPlease write to us incase of any escalation/feedback/queries.
- +91-11-71025900 , +91-11-61329950 (Available 24X7 Monday to Sunday)
- nri.helpdesk@axismaxlife.comPlease write to us incase of any escalation/feedback/queries.