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Monthly Income Advantage Plan
VS
Lic Single Premium Endowment
| PLAN DETAILS |
Monthly Income Advantage Plan |
Lic Single Premium Endowment |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 90 years | Maximum Maturity Age - 75 years |
| Premium payment term | 6,8,10,12,15 years | Single Premium |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 55 years | Minimum Age - 90 days, Maximum Age - 65 years |
| Sum assured | No limit | Rs 50,000 to 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 | Minimum - 10 years, Maximum - 25 years |
| Claim Settlement Ratio (2024-25) | Minimum Age - 5 year | 98.5% |
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
Reduced paid-up value
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