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Written bySumit Narulaverification-badge
Investment Writer
Published 27th November 2025
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Reviewed byPrateek Pandeyverification-badge
Last Modified 31st January 2026
Investment Expert
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What is Money Back Policy?

A Money Back Policy is a type of life insurance plan that provides both insurance protection and periodic cash returns during the policy term. Unlike traditional life insurance where benefits are paid only at maturity or death, a money back policy gives you guaranteed payouts at fixed intervals, usually every few years.

You pay premiums for a chosen policy term. During this term, a portion of the sum assured is paid back to you at regular intervals as survival benefits, regardless of market performance. These payouts can be used for planned expenses such as education, marriage, travel, or other financial needs. At the end of the policy term, you also receive a maturity benefit, which may include bonuses.

In case of the policyholder’s death during the policy term, the full sum assured along with applicable bonuses is paid to the nominee. This ensures continuous financial security for your family.

In short, a money back policy helps you save systematically, receive guaranteed periodic income, and maintain life insurance coverage at the same time. It is ideal for people who want regular cash flow along with long-term financial protection and stability.

How Does a Money Back Policy Work?

A money back policy is designed to provide regular cash payouts while keeping your life insurance protection active. It follows a structured process where premiums paid over time translate into guaranteed survival benefits, maturity returns, and financial security for your family throughout the policy duration.

  1. Policy Enrollment & Premium Payment

    You sign up for the policy and pay premiums for a set number of years.

  2. Regular Income Payout Phase

    Once you are done with those payments, you start receiving a regular income, monthly or yearly, whichever works for you.

  3. Maturity Benefit with Bonuses

    When the policy term ends, you collect a guaranteed payout, plus any bonuses you have earned.

  4. Life Cover for Family

    If you pass away during the policy term, your family receives the life cover amount in one lump sum.

Why Do You Need to Buy Money Back Policy?

Here are some reasons that make money back policy suitable for you:

  • Money back plans combine the benefits of an insurance policy with that of investment, meaning that the policy earns an income for the policyholder rather than simply delivering a lump sum in the event of his or her death.
  • These policies include a guaranteed return on investment, as well as annual payouts and insurance coverage, making them an excellent choice for those seeking both security and income.
  • As a result, policyholders receive a stable and guaranteed return on investment, as well as the ability to increase their wealth through investment opportunities.
    • Depending on your life stage, when you invest, the different types of money back, plans can be smart. For instance, a child money back plan can help you secure their future wisely.

Benefits of Money Back Policy

Let’s take a look at some valuable benefits of a money back policy:

1. Survival Benefit

Over the course of the policy, money is paid to the policyholder every few years. The payment begins within a few years of the policy's inception and lasts until the policy's maturity.

Consider this scenario: Akash has chosen a money back policy with a sum assured of Rs. 5 lakhs over a 20-year period. He will have to pay a 20-year premium and receive a portion of the sum assured at regular intervals.

Depending on the policy terms, he may receive 15% of the sum assured after the 5th, 10th, and 15th years of the policy, as a survival benefit, this is 15 X 3 = 45% of the sum assured. He will also receive the remaining 55% of the amount guaranteed, plus any bonus, at maturity.

2. Death Benefit

In the event of an unfortunate incident, the policy nominee will receive the death benefit. This includes the sum assured as well as any bonuses accumulated on the money back policy. Notably, this does not include the survival bonus, which is only paid out to the insured while they are still alive.

3. Maturity Benefit

The insured individual receives the maturity benefit when the money back plan matures, and it consists of:

  • Sum Assured: It is the complete cover amount that the insured selects at the start of the policy.
  • Bonus: This includes the insurer's declared reversionary benefits that have accumulated over time. This is largely determined by the company’s performance.

4. Tax Benefit

Section 80C of the IT Act allows you to deduct up to Rs. 1,50,000 in life insurance premiums from your taxable income per year. In addition, Section 10(10)D exempts the maturity benefit of the money back policy from taxation.

Features of Money Back Policy

A money back policy provides periodic survival payouts, life insurance coverage, and a maturity benefit at the end of the policy term. It ensures you get certain returns at low-risk for financial security and liquidity.

These payouts are referred to as Survival benefits. The life insured will receive guaranteed portions of the sum assured periodically. At maturity, any remaining benefits will be paid, plus bonuses. The nominee will receive full sum assured in the event of life insured's death even if there have been payouts. Essentially, this plan provides protection and savings.

1. Guaranteed Returns

Money back plans mean that money is returned to the life insured as a survival benefit after a set period. When the policyholder survives the policy term, the money back is guaranteed. In the event of the policyholder's death, the nominee receives the amount guaranteed as well as any accumulated bonuses, if any. This is also applicable to child money back plans as well.

2. Income During Policy Term

Money back policy ensures that the insured will earn returns or the amount promised every few years. Thus, the survival value is accumulated every few years and provides policyholders with a second source of income.

These funds may be used to take a vacation, save for an unexpected occurrence, save for a down payment on a house or apartment, or pay off the children's school or tuition fees. As a result, money back policies have an advantage over other types of life insurance on the market.

3. Riders to Increase Cover

Most insurance providers sell optional add-onrides that the insured can ‘add-on' to their money-back policy, as the name implies. These riders may be related to medical conditions like life-threatening illnesses, personal accidents, or term riders.

4. Bonus Amounts

The Money Back policy even contributes to the income of the insured by way of a bonus. Each year, the incentive is calculated as a percentage of the sum assured by the insurance provider, and accumulated. When the policy matures or if the policyholder passes away, the accumulated bonus is added to the total payout due.

Who Should Buy a Money Back Policy?

A money back policy is typically best for individuals interested in financial security and regular income. It works best for those with predictable cash expenses, like children's education, loan EMIs, or regular household costs.

In particular, a child money back plan is beneficial for parents looking to pay for education expenses, or other expenses such as marriage, when time comes. Anyone who feels comfortable having liquid cash available without having to sacrifice insurance protection would likely benefit from this plan.

Examples of Money Back Policy Related Product Table

Let’s refer to this scenario to better understand money back plans:

For every 5 years of the money back plan, the plan guarantees survival benefits of 25% of the sum assured. At the end of the term, 25% of the assured sum is payable, plus any accumulated bonuses.

Hence, Preeti receives Rs. 2.5 lakhs after a duration of 5 years, throughout the policy term, i.e. in the fifth, tenth, fifteenth, and twentieth policy years. Thus, Preeti has already earned Rs.10 lakhs by the 20th policy year.

She would be paid Rs. 2 lakhs, plus additional incentives, upon the maturity of the plan, and the plan would be terminated. In case of an unfortunate event, the nominee will receive Rs.10 lakhs in addition to the bonus, despite the fact that she has already earned Rs.6 lakhs in Survival Benefits.

How to Choose A Money Back Policy?

Today, you will find a variety of money back plans in India. In addition, various life insurance companies provide these policies with a varying set of features and benefits to suit diverse financial profiles.

So, if you are wondering how to choose a money back policy that is best for your investment purposes, consider the following factors:

  • What are your financial objectives for the coming years?
  • How much money do you have right now to invest in a money back plan?
  • How long do you want to invest?
  • What kind of payouts are you expecting?

These are some basic questions you must ask yourself to make a well-informed decision. Apart from this, individuals should consider the policy tenure when selecting a money back policy. Generally, most money back plans come with an average policy period of 20 years.

Since money back policies pay a survival benefit to policyholders, prospective policyholders should find out the percentage of the sum assured which would be paid out in instalments. The amount should be sufficient to cover any expenditures that the policyholder will incur.

Comparison Between Fixed Deposit and Guaranteed Money Back Plans

Both fixed deposits (FDs) and money-back policies are popular choices. FDs are simple savings tools with fixed returns, while a money-back plan combines insurance with regular payouts. The table below highlights the key differences:

FeatureFixed Deposit (FD)Money Back Policy
NaturePure investmentInsurance + investment
ReturnsFixed interest (pre-decided rate)Survival benefits + bonuses
RiskLow, market-independentLow, with life cover
LiquidityPremature withdrawal possible (with penalty)Periodic payouts during policy term
Insurance CoverNot availableIncluded, the nominee gets the sum assured
Tax BenefitsInterest taxablePremium eligible under Section 80C (under the old tax regime) and maturity under Section 10(10D)

Fixed DepositMoney Back Plans
Policy TermFixed deposits can be used for both long-term and short-term investments, with terms varying from one to five years.The money back policy, on the other hand, provides life insurance as well as premium back options for a minimum policy term of 10 years, which can be extended to 30 years or more.
InvestmentWith a minimum investment of INR 1,000, you may begin investing in fixed deposits. On the other hand, there are no limits on the maximum investment.In the case of money back plans, the policy premium varies from plan to plan and is calculated by a variety of factors such as the policyholder's age, the tenure chosen, and so on.
ReturnsFixed Deposits have a guaranteed return on investment. You may also take interest on your fixed deposit weekly, quarterly, or at the end of the year.Likewise, money back plans have defined returns that are stated upfront.
WithdrawalWith fixed deposits, you have the option of partial withdrawal. Breaking an FD account before the maturity period ends, on the other hand, affects the interest rate of the fund and results in a low Return of Investmentreturn on investment (ROI).Premature withdrawals are also permitted after 2 years of policy tenure in a money back policy. Your returns, however, may be relatively smaller.
Options for Pay-outWith fixed deposits, you can take the payout amount as a lump sum at the end of the policy term.Whereas a money back policy offers the corpus in the form of long-term annual/monthly instalments. You may also take the whole corpus as a lump sum payment.
Tax BenefitsTypically, fixed deposits do not have any tax benefits. There are, however, tax-saving fixed deposits that you can invest in for a period of five years and receive tax benefits under section 80C.On the other hand, under sections 80C and 10(10D) of the Income Tax Act 1961, you will receive a tax benefit on the premiums charged and the maturity proceeds from a life insurance policy.

Eligibility Criteria and Documents Required to Buy Money Back Policy

Before purchasing a money back policy, one must meet the entry age requirements stated in the policy wordings. The policy cannot be extended beyond the maximum age permitted under the money back plan. It will also be helpful to check the premium payment mode and the term for the money back policy.

Additionally, these are the documents you will require to buy a money back policy:

  • Salary slips, income tax returns, bank statements, and other forms of evidence of income are appropriate for income proof.
  • A driving license, Aadhaar card, voter's id, passport, and other forms of identification may be used as proof of address.
  • PAN card, Aadhaar card, a Voter ID card can be used as identification proof.

Aadhaar card, Voter ID card, passport, driving license, and other forms of identification may be used to prove your age.

What Do You Need to Know Before Buying A Money Back Policy?

Purchasing a money back policy makes sense for an investor seeking guaranteed returns with growth potential as well as returns at specific periods of life to cover major expenditures that might arise in the future. However, before choosing a money-back plan, it is crucial to understand a few things. Let’s look at a few of them:

  • Know how a money back policy works appropriately.
  • Understand your financial expectations and see if they match with the benefits of the money back policy.
  • Assess your ability as an investor to take risks. An overestimation or underestimation can both hurt your investment returns in the long run.

Money Back Policy FAQs

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What Is Money Back Insurance Policy?

Money back plans are a form of investment that combines insurance coverage with a promise of returns. These can be purchased for up to 30 years and usually have higher annualised returns over time. Annualized returns offered by insurance firms are currently in the range of 5% to 6%. It's important to remember that these returns are tax-free.

What Are the Features of Money Back Policy?

As mentioned below, the money back policy has a range of unique features that set it apart from other life insurance products:

  1. Money back policies offer low-risk investment opportunities as well as insurance benefits to policyholders.
  2. For the duration of the money back policy, they provide a regular source of income in the form of 'Survival Benefits.'
  3. The whole sum assured is paid out to the nominee if the policyholder passes away during the policy term, regardless of the amount already paid out by the survival benefits.

What Are the Riders Available with Money Back Policy?

For an additional premium, the insured can easily add several riders to their money back policy. Generally, the riders provided include:

  1. Critical Illness Rider
  2. Accident or Disability Benefit Rider
  3. Waiver of Premium
  4. Term Rider
  5. Hospital Cash Benefit Rider

Is It Risky to Invest in Money Back Policy?

A money back policy is much less risky than investing in a mutual fund. It can be a favourable situation for the investor because it is a tax-saving investment with assured returns over the period, as well as providing comprehensive life insurance coverage.

What Are the Tax Benefits with Money Back Plans?

You can reduce your tax obligation by choosing a money back plan. The assured returns plans produce tax-free returns because they qualify for the EEE exemption under Section 80C and Section 10 (10D) of the Income Tax Act.

What Are the Eligibility Criteria to Buy Money Back Policy?

Before buying a money-back policy, you must be of the specified age, as mentioned in the policy wording. The policy scheme cannot be expanded past the money-back plan's maximum age limit.

What If I Fail to Pay My Money Back Policy Premium?

Due to non-payment of premiums, your policy benefits may be reduced, while the contract remains valid.

How Frequently Am I Required to Pay Money Back Policy Premium?

Premiums for money back plans are usually charged annually or monthly, but you may also be given the option of paying semi-annually (twice a year) or quarterly (four times a year).

Is the Amount Received Through Money Back Policy Taxable?

Section 10(10D) of the Income Tax Act of 1961 exempts money earned from money back policy from taxation.

How to Transfer My Money Back Policy?

It is not possible to transfer the money back policy.

How to Revive My Money Back Policy?

The inclusion of policy revival is needed because it gives the insured individual the opportunity to renew the policy and continue coverage under the plan. The lapsed policy may be renewed at any time within 5 years of the unpaid premium date.

How to Surrender My Money Back Policy?

The policyholder can surrender the policy at any time. It is the opportunity to withdraw from a life insurance policy until it matures, in which case the policyholder will receive the Surrender Value. The policy acquires a Guaranteed Surrender value after two full years’ premium payment

How are returns calculated on your money back policy?

Your‍‌ returns are determined by the premium that you pay, the duration of your policy, the sum insured, the schedule of survival payouts, and any bonuses declared by the insurer (for participating plans). Additionally, in case of untimely death, your beneficiaries receive the full sum assured, which also forms part of your financial benefit.

What happens if I fail to pay my regular premiums?

Your policy may lapse, and your insurance coverage will stop if you do not pay regular premiums. You can get a brief grace period, but postponements may result in additional fees or policy termination.

What are the survival benefits?

Survival benefits are the payouts you receive at regular intervals while your policy is active. You get a portion of the sum assured every few years, as long as you are alive on those dates.

These payments start a few years after your policy begins and continue until it matures. At the end, you get the remaining sum and any bonuses.

What happens if I miss or delay premium payments?

If you miss a premium, most insurers will allow you a brief grace period to make your payment (sometimes accompanied by a late fee). If you fail to make the payment within that period, your policy will be terminated, and you will lose your coverage and ‍‌benefits. So, paying on time really matters.

Will the amount I receive from a money back policy be taxable?

Usually, no. The payouts from your money back plan is generally tax-free. Plus, you can claim your premium payments for a tax deduction up to ₹1.5 lakh under Section 80C. The final payout is also typically tax-free under Section 10(10D).

How frequently am I required to pay the money back policy premium?

It depends on the plan. Most policies let you choose monthly, quarterly, half-yearly, or annual billing. Some even let you pay the whole premium as a lump sum at the beginning.

What are riders and add-on benefits available with a money back policy?

Riders are extra benefits you can add to your policy for more protection. Common ones include accidental death cover, critical illness cover, disability cover, waiver of premium, and income benefit. These add-ons give you an extra layer of financial security.

Who should buy a money back policy?

It’s a good pick if you want regular payouts for short-term needs, prefer low-risk savings with insurance, are just starting to build a disciplined savings habit, or are a parent planning for your child’s future or education.

ARN NO: PCP/MBP/020823

Sources:

Data on file – Axis Max Life Insurance

www.economictimes.indiatimes.com/definition/money-back-plans

www.outlookindia.com/outlookmoney/ask/are-money-back-schemes-of-life-insurance-companies-better-than-fixed-deposits-1927

www.economictimes.indiatimes.com/wealth/insure/advantage-of-term-insurance-over-other-types-of-life-insurance/articleshow/67955148.cms?from=mdr

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IRDAI clarifies to public that:
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  • • Public receiving such phone calls are requested to lodge a police complaint.

IRDAI - Registration No. 104. ARN/Web/13122024 Category: Life. Validity: Valid.
Corporate Identity Number (CIN): U74899PB2000PLC045626.
Corporate Office: Axis Max Life Insurance Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002

For any query regarding this website, please reach out to:

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DISCLAIMERS

Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

Corporate Office: Axis Max Life Insurance Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.

Operation Center: Axis Max Life Insurance Ltd, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram (Haryana) - 122015.

Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.

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Fax Number: 0124-4159397.

Email ID: service.helpdesk@axismaxlife.com

Website: https://www.axismaxlife.com

Axis Max Life Insurance is integrated with licensed NBFC FinVu (Cookiejar Technologies Pvt. Ltd. for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here

*Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws.

Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961. Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage.

Celeb disclaimer (if images being used):

The Brand Ambassadors as depicted herein, have endorsed only the Axis Max Life Insurance Products and are not in any manner endorsing Axis Bank Limited and / or any other Bank Partner of Axis Max Life Insurance and do not have any kind of association or relationship with Axis Bank Limited and / or any other Bank Partner of Axis Max Life Insurance

Disclaimers for Market Linked Plans & Saving plans:

THE UNIT 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.

Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.

#4Axis Max Life Online Savings Plan. A unit-linked non-participating individual life insurance plan. | Axis Max Life Insurance Limited is only the name of the insurance company and Axis Max Life Insurance Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.

*1The aggregate annualized premium should not be more than 5 lakhs (one or more policies put together) for non-linked non-par savings insurance plan in any given year of policy term to be eligible for Section 10 (10D) exemption.

*3All claims that qualify for InstaClaim will be paid within 3 hrs from the date of submission of all mandatory documents else Axis Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been received for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. Mandatory Documents: Original policy document; Original/attested copy of death certificate issued by local municipal authority; Death claim application form (Form A); NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof; Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/Viscera Report (in case of accident death).

*#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.

Privacy Policy

^^On completion of policy term

The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.

Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day. Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification. Mandatory Documents:

> Original policy document

> Original/attested copy of death certificate issued by local municipal authority

> Death claim application form (Form A)

> NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof

> Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

1The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount

2Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).

315% discount is applicable only on the first year premium for salaried employees with a corporate, purchasing Axis Max Life Smart Term Plan Plus (UIN: 104N127V05). During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. 15% discount (applied on standard male premium rates) is applicable for lifetime for females.

4InstaClaim TM is available for all versions of (UIN: 104N125V08). Mandatory Documents:

  • Original policy document
  • Original/attested copy of death certificate issued by local municipal authority
  • Death claim application form (Form A)
  • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof
  • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition

6Applicable for Titanium variant of Axis Max Life Smart Fixed- return Digital plan (premium payment of 10 years and policy term of 30 years) and a healthy female of 18 years paying Rs 30,000/- per month (exclusive of all applicable taxes) with 6.80% return. Life Insurance is available with this product.

7Available with Axis Max Life Smart Wealth Plan (UIN: 104N116V14)

8Available with Axis Max Life Smart Fixed-return Digital Plan (UIN: 104N123V06). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid.

9This is applicable for a 24-Year Old Healthy Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term for Axis Max Life Smart Secure Plus Plan (UIN: 104N118V11).

10This is applicable for a 25-Year Old Healthy Male, Non-Smoker, 40 Years Policy Term, 40 Year Premium Payment Term for Axis Max Life Saral Jeevan Bima (UIN: 104N117V02).

##Tax conditions :

##Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, fall under 30% income tax slab having taxable income less than Rs. 50 lakhs and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, fall under 30% income tax slab having taxable income less than Rs. 50 lakhs and Opt for Old tax regime.

CI Rider disclaimers:

AXIS MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN: 104B033V02) available as a rider on payment of additional premium.

>Extended cover of up to 85 years is available with gold and platinum variant only

@64 critical illnesses covered in platinum and platinum plus variant on payment

22 critical illnesses covered in gold and gold plus variant

*^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium.

~Conditions for premium break: Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years

~1 Conditions for Special exit value:

Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid.

~2 Voluntary Top-up Sum assured:

Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception

^^*^^Free look period conditions:

The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

^Individual Death Claims Paid Ratio as per audited financials for FY 2024-2025

#3Tax benefits as per prevailing tax laws, subject to change

Terms and conditions for availing 5% employee discount:

<Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page.

Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns. The premiums & funds are subject to certain charges related to the fund or to the premium paid.

The premium shall be adjusted on the due date even if it has been received in advance.

For Total Installment Premium - Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any.

For Return of Premium - The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating Individual Life Insurance Savings Plan.

For Riders - #Applicable Rider available on the payment of Additional Premium is Axis Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Health Insurance Rider | UIN: 104B033V02. Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider.

For Additional Benefits– ##On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

*~Disclaimers

Axis Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk life insurance plan |Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard premium for 30-year-old healthy male, non-smoker, 40 years’ policy term, 40 years’ premium payment term for Axis Max Life Smart Secure Plus Plan.

##Policy continuance benefit is not available with lifelong wealth variant. **The accrued income will be accumulated on an annual basis at the prevailing reverse repo rate (publish on RBI’s website).

#With “Save the date”, you can choose to take your annual income to any special date in a year.

***Available with early wealth variant. Income benefit will be paid as per selected plan terms.

~Accidental death benefit is available in call variants except for Single premium variant. Life insurance coverage is available in this product.

#~Term Insurance plan bought online directly from Axis Max Life Insurance has no commissions involved.

~1Axis Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Life Insurance Plan | Standard Premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term for Axis Max Life Smart Secure Plus Plan | ~1 Conditions for special exit value: Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of premium variant is not chosen. No additional premium to be paid. Option to receive all premiums back. Flexibility of exiting the plan early. Special Exit Value cover applicable till age 68 & above (of your age). T&C Apply.

@>Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02) is available with your term plan on payment of additional premium. It covers 64 critical illnesses under Platinum & Platinum Plus variant.

#Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

^1Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V08) with a life cover of Rs. 50 lakh.

^2Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V08) with a life cover of Rs. 75 lakh.

^3Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V08) with a life cover of Rs. 1 Cr.

^4Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V08) with a life cover of Rs. 1.5 Cr.

^5Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V08) with a life cover of Rs. 2 Cr.

^6Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V08) with a life cover of Rs. 5 Cr.

^7Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Term Plan Plus (UIN: 104N127V05) - Regular Cover with a life cover of Rs. 1 Cr.

~*Disclaimer: Standard premium for 24-year old healthy female,non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V08)

^~Disclaimer: 5 year return (CAGR – Compound Annualised Growth Rate) from Axis Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 30/06/2025

^~The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back. The value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male, with 10 years premium payment term, and 35 years policy term with Axis Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product).

*++Axis Max Life's Nifty Alpha 50 Fund tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The above values have been calculated by projecting historical returns of the Nifty Alpha 50 index, after adjusting for all expenses, except the tracking error, in Axis Max Life online savings plan (variant 1) for a 35-year-old male investing 10k per month for 10 years and maturity after 20 years. The calculations have been done using historical returns of the Nifty Alpha 50 index and may not be indicative of the future performance of Axis Max Life's Nifty Alpha 50 Fund. The above values have been calculated basis 10 year returns of 26.4% (30th Apr'24) of the Nifty Alpha 50 Index.

*+Nifty Mid-cap 150 Momentum 50 Index was launched in Aug’22. These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s Midcap Momentum Index fund. 10 year return of NIFTY Midcap 150 Momentum 50 Index as on 27/05/2024. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index.

*&10 year return of Nifty Smallcap 250 Quality 50 Index as on 30/04/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Axis Max Life Nifty Smallcap Quality Index Fund is passively managed Index Fund that mirrors Nifty Smallcap 250 Quality 50 Index. 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.

**@Axis Max Life's Forever Young Pension Plan (UIN: 104L075V08) is a Unit Linked Pension Plan. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Forever Young Pension Plan (UIN: 104L075V08) is only the name of the unit linked pension product and does not in any way indicate the quality of the contract, its future prospects or returns. The premium paid in the Unit Linked Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

++*A tax-free commutation of up to 60% of the vesting benefit can be availed. Tax benefits are subject to condition under Sections 80CCC, 10(10A), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

^*All claims that qualify for InstaClaim will be paid within 3 hrs from the date of submission of all mandatory documents else Axis Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been received for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. Mandatory Documents: Original policy document; Original/attested copy of death certificate issued by local municipal authority; Death claim application form (Form A); NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof; Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/Viscera Report (in case of accident death).

#*Axis Max Life Insurance’s Sustainable Wealth 50 Index Fund (SFIN: ULIF03223/12/24SUSTWEALTH104), which is a passively managed Index Fund that mirrors Axis Max Life Sustainable Yield Index, subject to tracking error. The fund value calculation is done by projecting historical returns of Axis Max Life Sustainable Yield Index, after adjusting for all expenses (except tracking error) in Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30-year-old male investing 5k/10k per month for 20/10 years. The above values have been calculated assuming 25.2% p.a. gross investment returns as in Nov'24, which is the 10-year return of Axis Max Life Sustainable Yield Index. (back tested).

@3Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V08)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

7Disclaimer: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600 for 12 years for 30-year-old male with Axis Max Life Smart Wealth Plan – Long Term Variant. A non-linked non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due premiums are paid. Life Insurance is available in this product.

@6Disclaimer: Standard premium for 3 Cr. Life Cover for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN:104N127V05)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

@7Disclaimer: Standard premium for 1 Cr. Life Cover for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN:104N127V05)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

@8Disclaimer: Standard premium for 2 Cr. Life Cover for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN: 104N127V05)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

@9Disclaimer: Standard premium for 1 Cr. Life Cover for 20-year old healthy Female, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Term Plan Plus (UIN: 104N127V05) The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

@10Disclaimer: Standard premium for 5 Cr. Life Cover for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN: 104N127V05)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

Disclaimer: ~10 year CAGR of Nifty SmallCap 250 Quality50 index as on 24/07/2023. Axis Max Life Nifty Smallcap Quality Index Fund is passively managed Index fund that tracks the Nifty SmallCap 250 Quality50 index (subject to tracking error).

Disclaimer: @++ Axis Max Life’s NIFTY Momentum Quality 50 Fund (SFIN: ULIF03127/10/24MOMQUALITY104) is a passively managed Index Fund that mirrors NIFTY 500 Multicap Momentum Quality 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NIFTY 500 Multicap Momentum Quality 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life Online Savings Plan (UIN: 104L098V06) for a 30-year-old male investing 10k per month for 10 years. The above values have been calculated assuming 24.9% p.a. gross investment returns as on 16/10/2024, which is the 10-year return of NSE's NIFTY 500 Multicap Momentum Quality 50 Index (backtested)

Disclaimer: **+NIFTY 500 Momentum 50 Index was launched in June'24. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices as on 11 June’24 and are not indicative of returns on Axis Max Life Insurance’s newly launched NIFTY 500 Momentum 50 Fund. Axis Max Life’s NIFTY 500 Momentum 50 Fund (SFIN: ULIF03014/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSE’s NIFTY 500 Momentum 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s NIFTY 500 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life Online Savings Plan (UIN: 104L098V06) for a 30-year-old male investing 10k per month for 10 years. The above values have been calculated assuming 25% p.a. gross investment returns as on 11 June'24, which is the 10-year return of NSE's NIFTY 500 Momentum 50 Index (backtested).

Disclaimer: #^Axis Max Life Smart Innovation Fund (SFIN: ULIF03301/03/25INNOVATION104), which is an actively managed fund does not have any past performance benchmarks. The above values have been calculated for a 35-year-old male investing 10k per month for 10 years assuming 20.8% p.a. gross investment returns basis 5 years’ performance of existing active fund with Axis Max Life Insurance, as on date 31st Jan'25 after adjusting for all expenses in Axis Max Life’s Capital Guarantee Plan which is combination of Axis Max Life Online Savings Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN: 104N116V15). | Investors in this plan are not offered guaranteed/ assured returns. | The Unit 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 Unit Linked Insurance Products completely or partially till the end of the fifth year. The premium shall be adjusted on the due date even if it has been received in advance. Applicable taxes, cesses and levies as imposed by the government from time to time will be deducted from the premiums received or from the funds, as applicable.

Disclaimer: @$The Nifty500 Multifactor MQVLv 50 Index was launched in Feb’25. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s NIFTY 500 Multifactor 50 Index fund. Axis Max Life’s NIFTY 500 Multifactor 50 Index fund (SFIN: ULIF03414/05/25MULTIFACTO104) is a passively managed Index Fund that mirrors NSE’s Nifty500 Multifactor MQVLv 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s Nifty500 Multifactor MQVLv 50 Index, after adjusting for all expenses (except tracking error) Axis Max Life’s Online Savings Plan (UIN: 104L098V06)) for a 30-year old male investing 5K/10K per month for 10 years. The above return values have been calculated assuming 21% p.a. gross investment returns, which is the returns since inception of NSE's Nifty500 Multifactor MQVLv 50 Index (backtested) as on 24th April 2025. For FWAP, replace Axis Max Life’s Online Savings Plan (UIN: 104L098V06) with Axis max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04).

Disclaimer: %$The Nifty500 Multifactor MQVLv 50 Index was launched in Feb’25. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s NIFTY 500 Multifactor 50 Index Pension Fund. Axis Max Life’s NIFTY 500 Multifactor 50 Index Pension Fund (SFIN: ULIF03523/06/25PENSMULFAC104) is a passively managed Index Pension Fund that mirrors NSE’s Nifty500 Multifactor MQVLv 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s Nifty500 Multifactor MQVLv 50 Index, after adjusting for all expenses (except tracking error) Axis Max Life’s Forever Young Plan (UIN: 104L075V08) for a 30-year old male investing 10K/20k per month for 10 years. The above return values have been calculated assuming 21% p.a. gross investment returns, which is the returns since inception of NSE's Nifty500 Multifactor MQVLv 50 Index (backtested) as on 10th June 2025.

Disclaimer: ^$The fund value calculation is done by projecting returns of NSE's Nifty 500 Multifactor MQVLv 50 Index at 21% gross investment returns ( which is the return since inception (backtested) as on June 10, 2025), after adjusting for all expenses (except tracking error) in Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V08). The pension amount has been calculated assuming that the proceeds from the entire corpus available at the time of maturity of Forever Young Pension Plan (UIN: 104L075V08) has been used to purchase Smart Guaranteed Pension Plan (UIN: 104N122V21) Single Life Immediate Annuity for life (with death benefit) option.

Disclaimer: %^BSE 500 Enhanced Value 50 Index was launched in May'25. The past returns are back tested based on historical returns and formula (provided by BSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s BSE 500 Value 50 fund. Axis Max Life’s BSE 500 Value 50 Fund (SFIN: ULIF03623/07/25BSEVALUEIN104) is a passively managed Index Fund that mirrors BSE 500 Enhanced Value 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of BSE 500 Enhanced Value 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30 year old male investing 10K per month for 10 years. The above values have been calculated assuming 22.4% p.a. gross investment returns, which is the 7-year returns of BSE 500 Value 50 Index as on 16th July 2025.

Disclaimer: $^The returns shown above are based on the past performance of Axis Max Life’s High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104). These are past returns and are not indicative of return on Axis Max Life Insurance’s High Growth Pension Fund. Axis Max Life’s High Growth Pension Fund (SFIN: ULIF03722/09/25PENSHIGHGR104) is an actively managed pension fund, with an objective to invest in mid cap equities, where predominant investments are equities of companies with high growth potential in the long term. The fund value calculation is done by projecting the past returns of AMLI’s High Growth Fund after adjusting for all expenses in Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V08) for a 30 year old male investing 5K/10K/20K/30K per month for 10 years. The above value(s) have been calculated assuming 21.4% p.a. gross investment returns, which is the past 7-years returns of Axis Max Life’s High Growth Fund.

Disclaimer: $@The returns shown above are based on the past performance of Axis Max Life Insurance’s High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104). These are past returns and are not indicative of return of Axis Max LIfe's India Consumption Opportunities Fund (SFIN: ULIF03807/10/25INDIACONSU104). AMLI's India Consumption Opportunities Fund is an actively managed fund, with an objective to achieve long-term capital appreciation by investing in equity instruments of companies operating in the consumption sector and its related or allied industries. The fund value calculation is done by projecting the past returns of AMLI’s High Growth Fund after adjusting for all expenses in Axis Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30 year old male investing 5K/10K/15K/30K per month for 10 years. The above values have been calculated assuming 22.7% p.a. gross investment returns, which is the past 7-years returns of AMLI’s High Growth Fund.

Disclaimer: #$BSE 500 Dividend Leaders 50 Index was launched in Mar'25. The past returns are back tested based on historical returns and formula (provided by BSE). These are returns of benchmark index and are not indicative of return of Axis Max Life Insurance’s BSE 500 Dividend Leaders 50 Index fund. Axis Max Life’s BSE 500 Dividend Leaders 50 Index Fund (SFIN:ULIF03907/11/25BSEDIVLEAD104 ) is a passively managed Index Fund that mirrors BSE 500 Dividend Leaders 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of BSE 500 Dividend Leaders 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30 year old male investing INR 5K/10K per month for 10 years. The above values have been calculated assuming 22.3% p.a. gross investment returns. The index fund is expected to generate similar returns as of the benchmark returns, however due to expenses, portfolio deviations (because of timing of investments/flows) and regulatory restrictions (sector limits)returns of the AMLI fund and benchmark may differ.

The maturity amount shown above is for a 30-year old healthy male who invests Rs. 5K/10K per month for 10 years and remains invested for 20 years. The total premium to be paid (excl. GST) in 10 years will be Rs. 6 Lakhs/12 lakhs. The guaranteed benefits are available under Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN:104N124V15) & are applicable if all the premiums are paid.

Capital Guarantee solution is a combination of benefits of two individual and separate products named Axis Max Life Online Savings Plan, A Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan, (A Non Linked Non-Participating Individual Life Insurance Savings Plan, UIN: 104N124V15). These products are also available for sale individually without the combination offered/suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale.

Disclaimer: $1The returns shown above are based on the past performance of BSE 500 Dividend Leaders 50 Index. These are past returns and are not indicative of return on Axis Max Life Insurance’s BSE 500 Dividend Leaders 50 Index Fund. AMLI BSE 500 Dividend Leaders 50 Index Fund (SFIN: ULIF04017/11/25PENDIVLEAD104) is a passively managed pension fund, with an objective invest in a basket of stocks drawn from the constituents of BSE 500 Dividend Leaders 50 Index. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error and regulatory restrictions (sectoral limits).

The fund value calculation is done by projecting the past returns of BSE 500 Dividend Leaders 50 Index after adjusting for all expenses in Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V08) for a 30 year old male investing 5K/10K per month for 10 years. The above values have been calculated assuming 22.3% p.a. gross investment returns, which is the past 7-years returns of BSE 500 Dividend Leaders 50 Index Fund (Back-tested).

Disclaimer: @@The returns shown above are based on the past performance of AMLI’s High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104). These are past returns and are not indicative of return of AMLI's High Growth Fund II (SFIN: ULIF04117/12/25HIGHGROWTH104). AMLI's High Growth Fund II is a mid-cap fund investing in companies with high growth potential in the long term. At least 80% of the Fund corpus is always invested in equities. However, the remaining is invested in government securities, corporate bonds and money market instruments; hence the risk involved is relatively higher.

The fund value calculation is done by projecting the past returns of AMLI’s High Growth Fund after adjusting for all expenses in Axis Max Life Online Savings Plan Plus (UIN: 104L131V01) for a 30 year old male investing 5K/10K per month for 10 years. The above values have been calculated assuming 23.7% p.a. gross investment returns, which is the past 7-years returns of AMLI’s High Growth Fund.

Disclaimer: ^*Axis Max Life's Flexi Wealth Advantage Plan (UIN: 104L121V04) is a Unit Linked Pension Plan. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V04) is only the name of the unit linked pension product and does not in any way indicate the quality of the contract, its future prospects or returns. The premium paid in the Unit Linked Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

Please note, while our website has been updated with the changed corporate name and brand identity, our product collaterals will be updated in due course. We regret any inconvenience caused.

Disclaimer: @^Not taxable in India as per DTAA subject to providing valid TRC, No Permanent establishment certificate and Form 10F. This clause holds true for:

a) Kuwait, Saudi Arabia & UAE: Applicable for both Traditional (Non-ULIPs) & Capital Gains (ULIPs).
b) Oman & Qatar: Applicable for only Capital Gains (ULIPs).

Disclaimer: ^8The award is for product Axis Max Life Smart Term Plan Plus, winner under Life Insurance Term Plan category as per survey of 1800 people by NielsonIQ across categories.

Disclaimer: *9The assumed rate of return (8% p.a.) shown in the illustrative example is not guaranteed is not the upper or lower limit of what you might get back. The value of your policy depends on multiple factors including future investment performance. The maturity amount shown is for a 30-year-old healthy male, paying premium of ₹10,000 per month for 30 years premium payment term, and 30 years policy term with Axis Max Life Online Saving Plan Plus (A Unit Linked Non-Participating Individual Life Insurance Plan) | Life Insurance is available in this product.

Disclaimer: *6Check the Total Premium and monthly premium amounts for various sum assured in the below table.

For Sum assured of 75 lakh, 1 crore, 1.5 crore and 2 crore, the below calculations are based on Axis Max Life Smart Total Elite Protection Term Plan (A Non Linked Non Participating Individual Pure Risk Life Insurance Plan, UIN: 104N125V08). Monthly premium amounts are before any applicable discounts assuming Regular Pay and monthly payment mode.

Age of Male ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
18 Years (PPT: 67 years)1,488/Month
Total Premium: 11.33 lakh		930/Month
Total Premium: 7.08 lakh		1,500/Month
Total Premium: 11.42 lakh		938/Month
Total Premium: 7.14 lakh		2,251/Month
Total Premium: 17.14 lakh		1,407/Month
Total Premium: 10.71 lakh		2,675/Month
Total Premium: 20.37 lakh		1,672/Month
Total Premium: 12.73 lakh
25 Years (PPT: 60 years)1,966/Month
Total Premium: 13.40 lakh		1,228/Month
Total Premium: 8.38 lakh		2,054/Month
Total Premium: 14.01 lakh		1,284/Month
Total Premium: 8.75 lakh		3,081/Month
Total Premium: 21.01 lakh		1,926/Month
Total Premium: 13.13 lakh		3,607/Month
Total Premium: 24.59 lakh		2,255/Month
Total Premium: 15.37 lakh
35 Years (PPT: 50 years)3,182/Month
Total Premium: 18.08 lakh		1,989/Month
Total Premium: 11.30 lakh		3,592/Month
Total Premium: 20.41 lakh		2,245/Month
Total Premium: 12.76 lakh		5,388/Month
Total Premium: 30.61 lakh		3,367/Month
Total Premium: 19.13 lakh		5,947/Month
Total Premium: 33.79 lakh		3,717/Month
Total Premium: 21.12 lakh
45 Years (PPT: 40 years)5,971/Month
Total Premium: 27.14 lakh		3,732/Month
Total Premium: 16.96 lakh		6,629/Month
Total Premium: 30.13 lakh		4,143/Month
Total Premium: 18.83 lakh		9,944/Month
Total Premium: 45.20 lakh		6,215/Month
Total Premium: 28.25 lakh		12,546/Month
Total Premium: 57.02 lakh		7,841/Month
Total Premium: 35.64 lakh
55 Years (PPT: 30 years)11,656/Month
Total Premium: 39.74 lakh		7,285/Month
Total Premium: 24.83 lakh		13,719/Month
Total Premium: 46.77 lakh		8,574/Month
Total Premium: 29.23 lakh		20,578/Month
Total Premium: 70.15 lakh		12,861/Month
Total Premium: 43.84 lakh		26,160/Month
Total Premium: 89.18 lakh		16,350/Month
Total Premium: 55.74 lakh
60 Years (PPT: 25 years)16,846/Month
Total Premium: 47.86 lakh		10,529/Month
Total Premium: 29.91 lakh		19,966/Month
Total Premium: 56.72 lakh		12,479/Month
Total Premium: 35.45 lakh		29,949/Month
Total Premium: 85.08 lakh		18,718/Month
Total Premium: 53.18 lakh		37,689/Month
Total Premium: 107.07 lakh		23,555/Month
Total Premium: 66.92 lakh

 

 

Age of Female ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
18 Years (PPT: 67 years)1,488/Month
Total Premium payable: 11.33 lakh		930/Month
Total Premium payable: 7.08 lakh		1,500/Month
Total Premium payable: 11.42 lakh		938/Month
Total Premium payable: 7.14 lakh		2,251/Month
Total Premium payable: 17.14 lakh		1,407/Month
Total Premium payable: 10.71 lakh		2,675/Month
Total Premium payable: 20.37 lakh		1,672/Month
Total Premium payable: 12.73 lakh
25 Years (PPT: 60 years)1,707/Month
Total Premium payable: 11.64 lakh		1,067/Month
Total Premium payable: 7.28 lakh		1,744/Month
Total Premium payable: 11.89 lakh		1,090/Month
Total Premium payable: 7.43 lakh		2,616/Month
Total Premium payable: 17.84 lakh		1,635/Month
Total Premium payable: 11.15 lakh		2,972/Month
Total Premium payable: 20.27 lakh		1,858/Month
Total Premium payable: 12.67 lakh
35 Years (PPT: 50 years)2,617/Month
Total Premium payable: 14.87 lakh		1,636/Month
Total Premium payable: 9.29 lakh		2,905/Month
Total Premium payable: 16.50 lakh		1,815/Month
Total Premium payable: 10.32 lakh		4,357/Month
Total Premium payable: 24.76 lakh		2,723/Month
Total Premium payable: 15.47 lakh		4,801/Month
Total Premium payable: 27.28 lakh		3,000/Month
Total Premium payable: 17.05 lakh
45 Years (PPT: 40 years)4,794/Month
Total Premium payable: 21.79 lakh		2,996/Month
Total Premium payable: 13.62 lakh		5,061/Month
Total Premium payable: 23.00 lakh		3,163/Month
Total Premium payable: 14.38 lakh		7,591/Month
Total Premium payable: 34.50 lakh		4,744/Month
Total Premium payable: 21.56 lakh		9,496/Month
Total Premium payable: 43.16 lakh		5,935/Month
Total Premium payable: 26.98 lakh
55 Years (PPT: 30 years)8,883/Month
Total Premium payable: 30.28 lakh		5,552/Month
Total Premium payable: 18.93 lakh		10,102/Month
Total Premium payable: 34.44 lakh		6,314/Month
Total Premium payable: 21.52 lakh		15,153/Month
Total Premium payable: 51.66 lakh		9,471/Month
Total Premium payable: 32.29 lakh		19,378/Month
Total Premium payable: 66.06 lakh		12,111/Month
Total Premium payable: 41.29 lakh
60 Years (PPT: 25 years)12,611/Month
Total Premium payable: 35.83 lakh		7,882/Month
Total Premium payable: 22.39 lakh		14,826/Month
Total Premium payable: 42.12 lakh		9,266/Month
Total Premium payable: 26.32 lakh		22,239/Month
Total Premium payable: 63.18 lakh		13,899/Month
Total Premium payable: 39.49 lakh		27,941/Month
Total Premium payable: 79.38 lakh		17,463/Month
Total Premium payable: 49.61 lakh

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