Sbi Pension Plans
vs
Axis Max Life

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  • Multiple sum assured options
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Sbi Pension Plans vs Axis Max Life

Sbi Pension Plans

Axis Max Life

Axis Max Life Insurance is a joint venture between Axis Bank and Max Life. Axis Max Life Insurance provides comprehensive protection and long-term savings life insurance solutions.

COMPANY DETAILS Edit SBI Pension Plans

Sbi Pension Plans

Edit Axis Max Life Insurance Page

Axis Max Life

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit

Annual Premiums Collected (2023-24)

25341.91 Cr
Payout Options

Payout Options

-

Payout Options

Lump sum, fixed payouts, or a combination of both
Claim ratio

Claim ratio

Minimum Age- 30 year%

Claim ratio

99.70%
Solvency Ratio

Solvency Ratio

85 years

Solvency Ratio

1.9
Branches

Branches

Annual, half-yearly,

Branches

239
Riders Available

Riders Available

10 to 30 years

Riders Available

Waiver of Premium, Comprehensive Accident Benefit Rider, Terminal Illness Rider, Total and Permanent Disability Cover, Critical Illness and Disability Rider
Policy Term

Policy Term

10 to 40 years

Policy Term

5 to 67 years

Know More About Companies

Overview

SBI Pension Plans: Overview

SBI Life Pension plans are comprehensive retirement cum investment plans which help to build a corpus over a longer tenure to live a financially secure life after retirement.

Those individuals who participate in the SBI Pension Plan get annuity payments once they retire. SBI offers two main types of pension plans: delayed annuity and instant annuity. Let's take a look at the SBI Life Pension plans in detail.

SBI Pension Plans ensures to look after your investment needs by offering:

why-choose
  • Multiple Premium Payment Options

  • Death Benefits

  • Guaranteed Income

  • Riders Availability

Riders

Riders You Can Avail With Axis Max Life Insurance Plans

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

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SBI Pension Plans Plans

SBI Pension Plans

SBI Life Retire Smart Plan is a unit-linked non-participating pension plan that guarantees 101% of all premiums paid by the policyholder on maturity a...

Unique Features

  • Protection After Retirement For Better Tomorrow
  • The Plan Offers Guaranteed Additions Available
  • Get The Tax Benefit On Premium Paid

SBI Retire Smart (Pros)

SBI Retire Smart

SBI Retire Smart (Cons)

SBI Retire Smart

SBI Retire Smart (Other Benefits)

SBI Retire Smart

SBI Retire Smart (Eligibility Criteria)

SBI Retire Smart
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.