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Axis Max Life Smart Wealth Plan vs Lic Aadhaar Shila

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Axis Max Life Smart Wealth Plan vs Lic Aadhaar Shila

Axis Max Life Smart Wealth Plan

Axis Max Life Smart Wealth Income Plan is a combination of insurance and savings that protects your loved ones financially in your absence and guarantees survival returns. This plan comes underneath four plan options and you can choose the one that best suits your needs. Axis Max Life Smart Wealth I...

Lic Aadhaar Shila

LIC’s Aadhaar Shila Plan (Plan No: 944) is a non-linked insurance plan, with profits and a regular premium-paying endowment plan. This plan is a combination plan that offers both savings as well as protection. LIC’s Aadhaar Shila Plan is primarily for female policyholders having Aadhaar ...

PLAN DETAILS

Axis Max Life Smart Wealth Plan


Lic Aadhaar Shila

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed maturity benefits
  • Guaranteed additions
  • Joint life option
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Maturity returns
  • Death benefit
  • Guaranteed additions
  • Auto cover facility
  • Female Only Plan
  • Low premium plan.
Plan Maturity age 85 years Maximum Maturity Age - 70 years
Premium payment term Based on the policy term Same as the policy term
Plan Entry Age Min- 91 days, Max- 65 years Minimum Age - 8 years Maximum Age - 55 years
Sum assured No Limit Rs 75,000 to Rs 3,00,000
Premium payment frequency Monthly, Quarterly, Half-yearly, and Yearly Annual, half-yearly, quarterly & monthly
Plan Sample Premium Minimum - Rs 943 (Monthly), Maximum - No limit -
Plan Brochure Brochure URL Brochure URL
Policy tenure 6 to 20 years Minimum term - 10 years Maximum term - 20 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year 98.5%

Know More About Plans

Axis Max Life Smart Wealth Income Plan is a combination of insurance and savings that protects your loved ones financially in your absence and guarantees survival returns. This plan comes underneath four plan options and you can choose the one that best suits your needs.

Axis Max Life Smart Wealth Income Plan is a non-participating, non-linked savings life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.

Axis Max Life Smart Wealth Income Plan offers you a range of benefits including:

why-choose
  • Maturity returns
  • Death benefit
  • Guaranteed additions
  • Whole-life income with a joint life option
  • Rider protection
  • Surrender option
  • Reduced paid-up

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