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Axis Max Life Smart Wealth Plan vs Lic Single Premium Endowment

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Axis Max Life Smart Wealth Plan vs Lic Single Premium Endowment

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 Single Premium Endowment

It is a traditional endowment with death and maturity benefits to the policyholder. Even a bonus facility is given along. In this plan, the premium is paid in the starting which is paid in a lump sum amount. It serves the investment purpose and even secures you if you face an untimely demise. There ...

PLAN DETAILS

Axis Max Life Smart Wealth Plan


Lic Single Premium Endowment

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
  • Death Benefits
  • Maturity Benefits
  • Policy Loan
Plan Maturity age 85 years Maximum Maturity Age - 75 years
Premium payment term Based on the policy term Single Premium
Plan Entry Age Min- 91 days, Max- 65 years Minimum Age - 90 days Maximum Age - 65 years
Sum assured No Limit Rs 50,000 to No limit
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- 10 years Maximum-25 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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