Monthly Income Advantage Plan vs Indiafirst Life Money Balance Plan Life Insurance Plan 2026 | PolicyX
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Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers 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 a range of benefits including:

  • Guaranteed monthly income

  • Waiver of future premiums

  • Flexible policy tenure

  • Reduced paid-up value

PLAN DETAILS

Monthly Income Advantage Plan

Indiafirst Life Money Balance Plan
Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums
  • Wealth creation plan
  • Market-linked returns
  • Multiple fund options
Plan Maturity age Maximum Maturity Age - 90 years Maximum Maturity Age: 75 years
Plan Sum Assured 6,8,10,12,15 years 5, 7 years or equal to the policy tenure
Plan Entry Age Minimum Age - 18 years Maximum Age - 55 years Minimum Age: 5 years, Maximum Age: 18 years
Plan Payment modes No limit 25 times the annualized premium
Plan Policy loan Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 16 years Maximum term - 45 years Minimum Term: 5 years, Maximum Term: 70 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year Minimum Age - 5 year

* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above life insurance plans using the PolicyX Life Insurance Calculator.

Riders

Premium calculation details for the Axis Max Monthly Income Advantage Plan are not provided in this section.

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Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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