Hdfc Ulip Plans vs Axis Max Life

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  • Multiple sum assured options
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Hdfc Ulip Plans vs Axis Max Life

COMPANY DETAILS Edit HDFC ULIP Plans

Hdfc Ulip Plans

Edit Axis Max Life Insurance Page

Axis Max Life

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit

Annual Premiums Collected (2024-25)

222.60 crore
Payout Options

Payout Options

-

Payout Options

Life insurance policies, including those from Axis Max Life Insurance, typically do not involve a ne
Claim ratio

Claim ratio

Minimum Age- 14 year%

Claim ratio

99.68%%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

2.01
Branches

Branches

Annual, half-yearly,

Branches

405
Riders Available

Riders Available

10 to 30 years

Riders Available

To initiate a claim, you will need to fill out the Axis Max Life Insurance claim form. This form can be downloaded from the official Axis Max Life Insurance website or obtained from any of their branch offices. Ensure all sections are accurately completed
Policy Term

Policy Term

10 to 30 years

Policy Term

10 to 67 years
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Max Life Insurance Plans

Max Life Insurance Plans

Overview

HDFC ULIP Plans: Overview

HDFC ULIP plans, offered by HDFC Life, combine investment and protection. An HDFC ULIP plan provides the benefits of a life insurance cover and market-linked investments, which are subject to risks associated with capital markets. HDFC Life ULIP plans offer the flexibility to invest in debt or equity funds, depending on the life assured's risk appetite and financial objectives.

HDFC Life ULIP plans also offer tax benefits on premium payments, helping you achieve future goals such as securing your child's future, creating wealth, and planning for retirement. HDFC Life ULIP offers numerous plans to choose from, aligning with the financial needs of Indian citizens.

HDFC ULIP Plans ensure your investment needs are met by offering:

  • Higher returns
  • Death benefits
  • Maturity benefits
  • Partial withdrawal benefits

Riders

Riders You Can Avail With Axis Max Life Insurance Plans

Name of the Rider Benefits
Axis Max Life Waiver of Premium It waives all future premiums, and policy benefits remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider Offers financial assistance to dependents in addition to base policy benefits if the policyholder's demise is due to an accident.
Axis Max Life Terminal Illness Rider Offers financial benefits if the policyholder is diagnosed with a terminal illness.
Axis Max Life Total and Permanent Disability Cover This rider offers financial benefits if the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider If the policyholder is diagnosed with any critical illness mentioned in the brochure, rider benefits are paid.

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HDFC ULIP Plans

HDFC ULIP plan provides the benefits of an insurance life cover and market-linked investments which are subject to risk associated with capital markets.

HDFC Ulip Plans Plans

HDFC Ulip Plans

HDFC Life ProGrowth Plus is a unit-linked insurance and regular premium plan where the premium is invested in the market, providing good returns along...

Unique Features

  • Flexibility to Invest in Funds
  • Regular Premiums
  • Sample Premium Rates

HDFC ProGrowth Plus (Pros)

HDFC ProGrowth Plus
  • Partial withdrawals
  • Redirection of Premium
  • Switching

HDFC ProGrowth Plus (Cons)

HDFC ProGrowth Plus
  • No coverage for pre-existing conditions
  • Suicidal exclusion
  • No auto-cover continuance

HDFC ProGrowth Plus (Other Benefits)

HDFC ProGrowth Plus
  • Flexibility to Invest in Funds
  • Regular Premiums
  • Sample Premium Rates

HDFC ProGrowth Plus (Eligibility Criteria)

HDFC ProGrowth Plus
  • Minimum entry age: 14 years
  • Maximum entry age: 65 years
  • Minimum sum assured: Rs 1
  • 00
  • 000
  • Maximum sum assured: Higher of 10 x annualized premium
  • Maximum policy term: 30 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.