Axis Max Life Smart Secure Plus Plan

Financially Secure Your Family
& Get Your Premiums Back^~1

With the rapidly changing economy, managing everyday expenses can become challenging. One must have a contingency plan to meet the family's growing needs. Axis Max Life Smart Secure Plus Plan can act as a saviour to create a financial net around the family. It is specifically designed to fulfil financial requirements and offer reliable support in case of contingencies. With the Smart Secure Plus Plan (A Non-Linked Non-Participating Individual Pure Risk Life Insurance Plan UIN: 104N118V11), the insured gets two death benefits, including a cover for terminal illness and an exit value. In addition, this plan provides optional benefits such as premium breaks, joint life cover, additional payout on accidental death and much more. show less ...Read More

Tax savings

up-to Rs 46,800^##

Additional

Critical Cover^@>

Guaranteed^*#

Returns

99.70%^{^}

Death Claims Paid Ratio

Financially Secure Your Family
& Get Your Premiums Back^~1

Term Insurance Plans by Axis Max Life

Term Insurance (Women)

Written by

Alok Mishra

Insurance Writer

Alok Mishra is a Digital and Content Marketing specialist with 10 years of experience. He has spearheaded Web Content, Social Media & Branding, and Community Building initiatives to drive growth for prominent brands.

Reviewed by

Bhaskar Sinha

Insurance Expert

8+ years of experience in Life Insurance with expertise in Developing Life and Health Products, Digital Sales, Conducting effective trainings and Key Account Management.

What is Axis Max Life Smart Secure Plus Plan?

It can be challenging to manage the growing expenses in a rapidly changing economy. It would be best if you had a contingency plan to accommodate your family’s evolving financial requirements. Axis Max Life Smart Secure Plus Plan – a new product offering of Axis Max Life term insurance comes to your rescue and helps you create a financial shield that can accommodate any such changes.

Axis Max Life Smart Secure Plus Plan offers two death benefits. The Smart Secure Plus Plan is designed to fulfil your financial security requirements and provide a dependable support system for emergencies. You also get inbuilt benefits such as cover for terminal illness and a special exit value*.

This term plan also offers an array of optional benefits such as joint life cover, premium breaks, additional payout on accidental death and more. With this plan, your insurance needs are completely covered. It can work as a one-stop solution for your financial security requirements. As the policy buyer, it is best to understand how the policy works to be more aware of your financial decisions.

(*This is only applicable for NROP (Pure Protection), Policy Term 40 and above)

Axis Max Life Smart Secure Plus Plan

A plan that provides comprehensive financial protection.

PLAN BENEFITS

₹ 1 Cr

Life Cover

64

Critical Illness Cover

₹ 46K*

Tax Savings

Return of Premium : Get back all premiums paid on survival till maturity
Limited pay option : Pay premium till 60 years for a life cover till 85 years

@₹987/Month~

Disclaimers:

~This is applicable for a 24-Year Old Healthy Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term (exclusive of GST) for Axis Max Life Smart Secure Plus Plan (UIN: 104N118V11). *Tax benefits as per prevailing tax laws, subject to change. Save Rs. 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a regular Individual, falling under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime.

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.

ARN: PC/SSPP/240425

How does Axis Max Life Smart Secure Plus Plan work?

Having a sound financial plan against unforeseeable circumstances is crucial. You can ensure your family’s well-being in your absence by investing your hard-earned money in the right instrument. Let’s understand how the Axis Max Life Insurance term plan works in detail to help you make a well-informed decision.

With Axis Max Life Smart Secure Plus Plan, you get to choose from the following benefit types and policy term options while purchasing the policy:

Benefit Type	Minimum Policy Term	Maximum Policy Term*
Base Cover	10 Years	67 Years
Accident Cover Option	5 Years	67 Years

Additionally, there are different premium payment terms available such as:

Premium Payment Term (PPT)	Available Base Policy Terms*	Available Accident Cover Policy Terms*
Single Pay	10 Years to 67 Years	NA
Regular Pay	10 Years to 67 Years	5 Years to 67 Years
5 Pay	10 Years to 67 Years	10 Years to 67 Years
10 Pay	15 Years to 67 Years	10 Years to 67 Years
12 Pay	17 Years to 67 Years	10 Years to 67 Years
15 Pay	20 Years to 67 Years	10 Years to 67 Years
Pay Till 60 The premium payment term will be equal to (60 less Entry Age (Age last birthday))	Policy term should be greater than premium payment term and can be a maximum of 67 years	6 Years to 67 Years

This plan offers two death benefit options to cater to diverse financial requirements. Mr Kapur can choose from a Life Cover or an Increasing Life Cover, depending on his preference.

1. Life cover

The base sum assured that Mr Kapur chooses at the policy’s inception will remain the same throughout the policy term.

2. Increasing Life Cover

The base sum assured that Mr Kapur chooses at the policy’s inception will grow at a simple rate of 5% annually, at each policy anniversary, subject to a maximum of 200% of the base sum assured. This life cover is ideal for managing the impact of inflation and increased cost of living.

In addition, the beneficiary of Mr Kapur’s policy may choose from different payout options at the claim stage. Since each family’s financial profile is different, the payout options allow them to receive the money on their terms per their preference.

1. As a Lump Sum

In the case of Mr Kapur’s untimely demise, his family will receive 100% of the guaranteed death benefit as a lump sum upon claiming at the claims stage with the Axis Max Life term insurance.

2. As Monthly Income

His family can receive the guaranteed death benefit as regular payments in 120 instalments or 120 monthly incomes to replace the income source. This option can work for families like Mr Kapur’s, where he is the sole wage-earner. It will allow them to meet the monthly expenses and keep a steady flow of income.

3. Part Lump Sum and Part Monthly Income

This option for the payout allows Mr Kapur’s family to receive the guaranteed death benefit as a lump sum amount and a monthly income. They can choose the proportion of the death benefit payable as a lump sum, and the remaining death benefit will be payable as a monthly income.

Benefits of Axis Max Life Smart Secure Plus Plan

Let’s understand the benefits of Axis Max Life Smart Secure Plus Plan in detail:

Death Benefit

You can establish a strong financial support system for your loved ones with the Life Cover or Increasing Life Cover option offered by Axis Max Life Smart Secure Plus Plan. This plan allows you to choose from variants and ensure that the sum assured is adequate even for the coming years. With the options for customisation available, you can cover all your bases and keep your family secure and financially stable during challenging times. Since the primary objective of any term plan is to cover the insured individual’s life and financial liabilities, it is crucial to choose the life cover option carefully. Make sure you map your financial requirements for the future well and select the life cover option that aligns with your objectives fittingly.

Terminal Illness Cover

As part of this term insurance plan benefits, your financial needs will be taken care of if you are diagnosed with a terminal illness. In such a scenario, 100 % of the guaranteed death benefit (capped at 1 crore) will be paid to you upon certification by a medical practitioner.

Maturity Benefit

Suppose you opt for the return of the premium variant with a smart secure plus plan at the time of purchase. In that case, it entitles you to receive a maturity benefit upon surviving the policy term. With this option available, you can receive the total premium paid at the end of the policy term.

Accident Cover

Under this benefit, the insured's family receives the cover amount and base cover in case of the insured individual’s demise due to an accident. You can add this cover to your term plan (Axis Max Life Smart Secure Plus Plan) at any time during the premium payment term, subject to the conditions for the accident cover.

Joint Life Benefit

If you are looking for a policy that can take care of your spouse’s needs after you, this may be a preferred choice. A significant concern when buying term insurance is the financial care of your spouse in case of an unfortunate event. Therefore, choosing a policy like the Axis Max Life Smart Secure Plus Plan can give you peace of mind. When buying the Axis Max Life Smart Secure Plus Plan, you can choose a joint life cover to secure your partner’s life and yourself. Here’s how it would work:

In case your spouse meets with an untimely demise before you or is diagnosed with a terminal illness, a guaranteed death benefit of Rs 10 lakhs will be payable to the beneficiary. The primary life cover will continue at a reduced premium and the original sum assured chosen by you will be payable to your spouse in the payout option of their choice.
In case you suffer an unfortunate incident before your spouse, and if in the future, they are diagnosed with a terminal illness or pass away, the guaranteed death benefit of Rs. 50 lakhs will be payable to the nominee. Additionally, it comes with a built-in premium waiver, meaning premiums will be waived off for your spouse’s sum assured upon your demise. Riders for Additional Benefits.

Riders

Along with the base benefits of the Axis Max Life Smart Secure Plus Plan, you can choose Waiver of Premium Plus Rider.

Joint Life Term Insurance Policies

The joint life feature in the Axis Max Life Smart Secure Plus plan allows you to opt for additional life cover for your spouse, with a nominal increase in the premium of the base sum assured, at the inception of the policy. This feature offers life cover up to 50 Lac for your spouse, starting at just 5% of the base premium

How do Joint Life Policies work?

With this feature you can cover your spouse, at inception at nominal premium. Under the Joint Life option, both you (Primary Life) and your spouse (Secondary Life) are covered. This option needs to be chosen at the inception of the Policy. Let’s understand this better with the help of an example

Raj, 35-year-old male, choses a base sum assured of 2 Crore for a monthly premium of ₹3,983 (cover till 75, Regular Pay) & opts for a joint life option for additional protection for his wife, Seema (30-year-old) by paying just ₹152 Per month extra. Here, Raj is the PLI & Seema is the SLI.

Under this benefit:

A. If Raj dies or is diagnosed with terminal illness, before Seema’s death/terminal Illness diagnosis

Death benefit of 2 Cr paid to Raj’s nominee
Inbuilt waiver of premium to waive off any premiums to be paid for Seema’s life cover
50 Lac death benefit to Seema’s nominee on her death/terminal illness diagnosis, in case it happens before end of PT

B. If Seema dies or is diagnosed with terminal illness before Raj’s death/terminal illness diagnosis

Death benefit of 10 Lac to be paid to Seema’s nominee
2 Cr Death benefit to Raj’s nominee on her death/terminal illness diagnosis, in case it happens before end of PT

C. If both Raj & seema die/diagnosed with terminal illness together

Death benefit of 2 Cr paid to Raj’s nominee
Death benefit of 50 Lac paid to Seema’s nominee

Eligibility Criteria for Joint Life option

Joint life cover is available only for your spouse i.e. Secondary Life.
This option is only available at inception
Joint life cover is available only if the Primary life base sum assured is greater than or equal to Rs. 1 crore.
Joint life cover is available only when the Primary life insured and Policyholder are same individuals.
Maximum maturity age for Secondary Life shall be 85 years (age last birthday) post which the Secondary Life policy will terminate irrespective of the Primary Life policy still being inforce
Premium break cannot be opted with this feature
Features like ROP, Increasing cover, voluntary top-up & SEV are applicable on PLI cover only

Why Choose Axis Max Life Smart Secure Plus Plan?

Each year the cost of living is steadily rising, and the threats to life have multiplied. Having a life insurance plan for your family’s future is integral in such a scenario to be prepared against any uncertainties. The new Axis Max Life term insurance plan (Axis Max Life Smart Secure Plus Plan) can be a valuable addition to your financial plan because of the varied multiple benefits and features.

Here are some reasons why you should choose the new Axis Max Life term insurance:

1. Comprehensive Financial Security

Suppose you understand your personal financial requirements well and project future needs cautiously. In that case, you can choose the right combination of features and benefits with the Axis Max Life Smart Secure Plus Plan. The availability of death benefit options and several add-on benefits make the new Axis Max Life insurance term plan a suitable instrument to get comprehensive financial security.

It will enable you to build an all-inclusive financial security plan that can efficiently protect you and your loved ones. If your family depends on your income, it is of utmost importance that you begin investing timely.

2. Health Component

Axis Max Life term insurance (Axis Max Life Smart Secure Plus Plan) comes with a terminal illness benefit that entitles you, the insured person, to the sum assured of up to Rs 1 crore in case of diagnosis of a disease. Without a plan like Axis Max Life term insurance (Smart Secure Plus Plan) that offers 100% of the sum assured in case of a terminal illness (capped to 1 Cr), you may face an immense financial burden to cover the respective medical expenses.

Health-related expenses are the most significant financial drain in a person’s life. It may be unpleasant to think of yourself or your family suffering, but being financially prepared for such situations is crucial. Therefore, Axis Max Life offers a critical illness, which can further strengthen the cover and provide valuable financial assistance to you. Additionally, the health component of the Axis Max Life term plan is a desirable advantage, considering the rise in cases of critical illnesses in recent years.

3. Flexibility of Claims Payout

It offers the flexibility of claims pay-out to your beneficiary to receive the sum assured as per their requirements in case of the insured’s untimely demise. They can opt to receive the death benefit as a lump sum amount, regular payments to replace the monthly income source or as a combination of both (as per the nominee’s choice).

Since term insurances are long-term protection plans, the needs of your family may have transformed by the time they receive the death benefit. So, the availability of multiple pay-out options can help them use the money according to their needs at the time. For instance, they can take the lump sum amount if there is a significant expense, such as a child’s college fees to be paid.

Axis Max Life Smart Secure Plus Plan Features

Return of Premium

Under the new Axis Max Life term insurance, you can receive 100% of the total premiums* paid with the return of the premium feature, in case you survive the policy. This benefit is available with Base Covers and all Premium Payment and Policy Terms. If you wish to have the assurance of getting your money back at the end of the policy term, this plan may work well for you.

*plus underwriting extra premiums plus loading for modal premiums, if any, under the base policy only (corresponding to the base Sum Assured and any Voluntary Sum Assured Top-up)

Premium Break

The premium break is a unique feature of the new Axis Max Life term insurance. With this feature, you can take a premium break or holiday from paying the premium once the policy has completed ten years of tenure. When you opt to take the premium break, the policy remains in force with the risk cover functional per the terms and conditions of the Axis Max Life term plan. You can choose these options twice during the premium payment term. Premium Break option is available for policies with a policy term greater than 30 years and premium payment term greater than 21 years.

Special Exit Value

Under this option of the Axis Max Life term insurance, you will have a one-time option to exit the policy with an exiting benefit of Return of Premiums (total premiums paid plus underwriting extra premiums paid plus loading for modal premiums, if any) at the time of exercising the option, for the base cover only. Once the policy premiums have been returned, the policy will be terminated. Notably, this option is available if the policy term for the pure protection plan is 40 years or more. It is not available with the ‘return of premium’ variant.

Voluntary Sum Assured Top-Up

With the voluntary sum assured top-up feature of the Axis Max Life term insurance, you can increase the sum assured at a later stage in the policy term if the sum assured was chosen at the policy's inception and it is greater than or equal to Rs.50 lakhs. You can exercise this option after completing one policy year. You can increase the cover up to 100% of the base sum assured. The policy must have a minimum premium payment term of 5 years and a minimum policy term of 10 years for this option to be available. The amount shall be payable in case of the insured’s demise or upon diagnosis of a terminal illness. The option can only be exercised after a one-year waiting period from the time of policy issuance.

Choosing the Right Sum Assured Option for Axis Max Life Smart Secure Plus Plan

When it comes to the comprehensive financial protection of your loved ones it is essential that you select the adequate sum assured.Know more on how to decide the sum assured for your term insurance. You can click on the below tabs and choose the adequate sum assured:

Term Insurance

₹50 Lakhs

Starting from ₹16/day^%*

Check Plan

Term Insurance

₹75 Lakhs

Starting from ₹24/day^%*

Check Plan

BESTSELLER

Term Insurance

₹1 Crore

Starting from ₹26/day^%*

Check Plan

Term Insurance

₹1.5 Crore

Starting from ₹39/day^%*

Check Plan

Term Insurance

₹2 Crore

Starting from ₹39/day^%*

Check Plan

Term Insurance

₹5 Crore

Starting from ₹92/day^%*

Check Plan

Disclaimer: %*Standard daily premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07). ARN: C/SA/280125

Download Policy-related Documents

Policy Prospectus Policy Leaflet Policy Contract Customer Information Sheet

Riders Available With This Plan

Axis Max Life Waiver of Premium Plus Rider

Axis Max Life Waiver of Premium Plus Rider (UIN: 104B029V05) provides a waiver of all future premiums in case of Critical Illness, Dismemberment, or Death (only when Life Insured and Policyholder are different individuals). This product doesn’t have an in-built Waiver of Premium benefit, thus, the rider benefit is an additional benefit. For more details on the Rider and various terms and conditions, please refer to the Axis Max Life Waiver of Premium Plus Rider Prospectus/ Brochure, Rider Contract, Rider Rates, and Rider Leaflet.

Downloads

Axis Max Life Smart Secure Plus Plan - FAQs

What are The Eligibility Criteria for Axis Max Life Smart Secure Plus Plan?

What Are the Premium Payment Options Available with This Plan?

What Is the Free Look Period?

What is Annualised Premium?

Is there a Maximum Cover age with the Axis Max Life Term Plan (Axis Max Life Smart Secure Plus Plan)?

ARN: PDP/SSPP/240425

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Benefit Type	Maximum Maturity Age (as on last birthday) for Non-POS	Maximum Maturity Age (as on last birthday) for POS
Base Death Benefit	85 Years	65 Years
Accident Cover Option	85 Years	65 Years

Age of Male Applicant	Premium Amount for Rs. 75 lakh Term Plan		Premium Amount for Rs. 1 crore Term Plan		Premium Amount for Rs. 1.5 crore Term Plan		Premium Amount for Rs. 2 crore Term Plan
Age of Male Applicant	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-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: 17.13 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: 14.06 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: 39.73 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

Axis Max Life Smart Secure Plus Plan

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Term Insurance Plans by Axis Max Life

What is Axis Max Life Smart Secure Plus Plan?

Axis Max Life Smart Secure Plus Plan

₹ 1 Cr

64

₹ 46K*

Term Plan Calculator

How does Axis Max Life Smart Secure Plus Plan work?

1. Life cover

2. Increasing Life Cover

1. As a Lump Sum

2. As Monthly Income

3. Part Lump Sum and Part Monthly Income

Benefits of Axis Max Life Smart Secure Plus Plan

Joint Life Term Insurance Policies

How do Joint Life Policies work?

Eligibility Criteria for Joint Life option

Why Choose Axis Max Life Smart Secure Plus Plan?

1. Comprehensive Financial Security

2. Health Component

3. Flexibility of Claims Payout

Axis Max Life Smart Secure Plus Plan Features

Return of Premium

Premium Break

Special Exit Value

Voluntary Sum Assured Top-Up

Choosing the Right Sum Assured Option for Axis Max Life Smart Secure Plus Plan

Download Policy-related Documents

Riders Available With This Plan

Axis Max Life Waiver of Premium Plus Rider

Downloads

Axis Max Life Smart Secure Plus Plan - FAQs

What are The Eligibility Criteria for Axis Max Life Smart Secure Plus Plan?

What Are the Premium Payment Options Available with This Plan?

What Is the Free Look Period?

What is Annualised Premium?

Is there a Maximum Cover age with the Axis Max Life Term Plan (Axis Max Life Smart Secure Plus Plan)?

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