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Overview
The Axis Max Life Smart Secure Plus Plan is a term insurance plan that provides life cover plus 100% return of premium if you survive the term. You can buy it between ages 18-65, with cover up to age 85, and a minimum sum assured of ₹20 lakhs.
It stands out with three features: a Premium Break after 10 years (skip payments without losing cover), a Special Exit Value (get your premiums back early if you choose to exit), and a Joint Life Option to cover you and your spouse together.
Key Benefits of Axis Max Life Smart Secure Plus Plan
- Death Benefit
- Tax Benefit
- Terminal Illness Cover
- Return of Premium
- Premium Break
- Special Exit Value
Riders Associated with Axis Max Life Smart Secure Plus Plan
You can add the following riders to your Axis Max Life Smart Secure Plus Plan:
Max Life Waiver of Premium Plus Rider
This rider will waive off all future premiums, and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of critical illness.
Max Life Critical Illness and Disability Rider
If the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure, then rider benefits are paid to them.
Plan Features
Joint Life Option
The plan offers a Joint Life Option, which helps you cover yourself and your spouse under a single plan.
Choose Your Premium Payment Term
The Axis Max Life Smart Secure Plus Plan provides an option to choose from multiple premium payment terms as per your convenience.
Choice of Policy Term
The Axis Max Life Smart Secure Plus Plan offers you the option to choose the policy tenure.
Terminal Illness Benefit
The Axis Max Life Smart Secure Plus Plan provides a terminal illness benefit to cover terminal illnesses mentioned in the brochure.
Return of Premium
You can receive 100% of the total premiums paid with this feature if you survive the policy. This benefit is available with both base covers and across all premium payment terms and policy terms.
Premium Break
With this feature, you can take a premium break or holiday from paying the premium once the policy has completed ten years of tenure.
Special Exit Value
You get a one-time option to exit the policy with an exit benefit of Return of Premiums (total premiums paid plus underwriting extra premiums paid plus loading for modal premiums, if any).
Sum Assured Top-up
Opt to increase the sum assured at a later stage in the policy term. If the sum assured chosen at the inception of the policy is greater than or equal to Rs.50 lakhs, you can exercise this option after completing one policy year.
Exclusions
- The policy shall be terminated if the policyholder commits suicide within 12 months from the date of policy inception.
- Death due to consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to war, terrorism, invasion, rebellion, military power, riots, or civil commotion.
- Death while being engaged in any naval, military, or air force operation during times of peace.
