Monthly Income Advantage Plan
vs
Income Assure Plan

  • Choose your coverage tenure
  • Multiple sum assured options
  • Enhance coverage with add-ons
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Monthly Income Advantage Plan vs Income Assure Plan

Monthly Income Advantage Plan

Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers you dual life Insurance coverage benefits until policy tenure and guaranteed income for a certain duration. You can also avail of riders including term plus rider, accidental death, disability rider, COVID-19 one-year rider, ...

Income Assure Plan

Bajaj Allianz Life Income Assure Plan by Bajaj Allianz Life Insurance is a participating savings plan offering guaranteed regular monthly income and assured life cover. The investment plan allows you to increase base cover with optional riders to protect against death, disability, and disease. Under...

PLAN DETAILS

Monthly Income Advantage Plan


Income Assure Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
Plan Uniqueness
  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
Plan Maturity age Maximum Maturity Age - 90 years Maximum Maturity Age - 74 years
Premium payment term 6,8,10,12,15 years 5 to 12 years
Plan Entry Age Minimum Age - 18 years Maximum Age - 55 years Minimum Age - 0 years Maximum Age - 50 years
Sum assured No limit No limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum term - 16 years Maximum term - 45 years 17 to 24 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age - 5 year

Know More About Plans

Overview

Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers you dual life Insurance coverage benefits until policy tenure and guaranteed income for a certain duration. You can also avail of riders including term plus rider, accidental death, disability rider, COVID-19 one-year rider, critical illness, and disability rider to enhance overall coverage. You can avail of a sum assured ranging from Rs 54,000 to no upper limit. This plan has 15 plan variants and you can choose the one that best suits your needs.

Axis Max Monthly Income Advantage Plan offers you a range of benefits including:

why-choose
  • Guaranteed monthly income

  • Waiver of future premiums

  • Flexible policy tenure
  • Reduced paid-up value

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.