Axis Max Life Assured Wealth Plan

Overview

Axis Max Life Assured Wealth is a non-linked, comprehensive life insurance savings plan that offers the dual benefits of investment and insurance. It provides guaranteed returns at the end of the policy term, with flexible premium payment and policy term options ranging between 5 to 10 years.

The Axis Max Life Assured Wealth Plan offers a range of benefits, including:

• Guaranteed lump sum on maturity
• Flexible premium and policy term options
• Enhanced protection through riders
• Life coverage until the entire policy tenure

Key Features

How to Buy Axis Max Life Assured Wealth Plan on PolicyX.com

1. Visit the official website of PolicyX.com.
2. Hover over the 'Life Insurance' tab.
3. Choose the Investment plan you want to buy.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Benefits of the Axis Max Life Assured Wealth Plan

There are various benefits to buying the Axis Max Life Assured Wealth Plan. Let's understand each of them in detail:

• Death Benefit: Upon the unfortunate demise of the life insured during the policy term, the Axis Max Life Assured Wealth plan provides the death benefit.
• Tax Benefits: All premiums paid towards the assured wealth plan can be claimed as tax savings while filing the ITR.
• Maturity Benefit: The maturity benefit is a guaranteed sum assured mentioned in the policy document since its inception, payable at the time of maturity.
• Additional Rider Benefits: You can enhance protection by adding suitable riders to this plan.

Flexible Premium Payment Terms

This plan offers flexible premium payment and policy term options ranging between 5 and 10 years.

Tax-Free Payout

You can receive a 100% guaranteed tax-free lump sum payout at maturity to achieve your financial goals.

Surrender Value

You can also take out a loan against this policy, starting with a minimum of Rs. 10,000 up to 80% of the surrender value.

Grace Period

It offers a reduced paid-up value option (RPU) if you fail to pay the premium before the due date during the grace period.

How to Buy Axis Max Life Assured Wealth Plan on Axis Max Life Insurance Website

1. Visit the official website of Axis Max Life Insurance.
2. Hover over 'Life Insurance Plans' from the top menu.
3. Click on the Axis Max Life Assured Wealth Plan.
4. Click on 'Buy Now' and you will be redirected to a new page.
5. Enter your name and contact information. One of their representatives will reach out to you to discuss the quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

Exclusions

• Suicide within 12 months of the policy purchase is not covered.
• Consumption of any intoxicants.
• Death due to any aviation accident.
• Death due to any adventurous sports.

Documents Required to Buy Axis Max Life Assured Wealth Plan

Here is the list of documents required to buy the Axis Max Life Assured Wealth Plan:

Photo ID Proof

Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Any one of the following: Utility bill, passport, voter ID, ration card.

Medical Records

Medical records of the policyholder, if requested.

Income Proof

Any one of the following: Bank statement, last three months' salary slips (if salaried).

Plan At a Glance

In a Nutshell

The Axis Max Life Assured Wealth Plan is an investment plan that helps you grow your savings and build wealth to achieve future goals. If you need expert advice to choose the best savings plan, contact our insurance experts at PolicyX anytime for free advice.