- Premiums @Rs 16/- Per Day
- 99.65% Claims Settled
- Flexible Premium Payout
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Updated on May 06, 2025 6 min read
Axis Max 1 Crore Term Insurance Plan
Axis Max Life Insurance 1 crore plan is a financial tool that provides coverage of 1 crore to your family in case of your uncertain death during the policy tenure. This ensures your family can live a comfortable life even when you are not with them. There are various Axis Max 1 crore term insurance plans, including Smart Term Plan Plus, Smart Secure Plus Plan, Smart Total Elite Protection Plan, and Premium Protection Plan. Each plan comes with unique features, and you can choose the one that suits your needs.
There are various benefits of buying a 1 crore term plan, including a safety net for your loved ones, tax exemptions, an option to choose add-on riders, fixed premiums throughout the policy term, etc. The premiums of 1 crore term insurance plans by Axis Max Life start at just Rs 527/- monthly.
1 Crore Term Insurance Plans By Axis Max Life Insurance
We have provided a list of Axis Max Life 1 crore plans along with their eligibility criteria and benefits that you can consider for buying.
| Plan Name | Entry Age | Maturity Age | Policy Tenure | Unique Features |
| Axis Max Life Smart Term Plan Plus | 18 to 65 years | 100 years | Minimum- 5 years Maximum- 82 years |
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| Axis Max Life Smart Secure Plus Plan | 18 to 65 years | 85 years | Minimum- 10 years Maximum- 67 years |
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| Axis Max Life Smart Total Elite Protection (STEP) Plan | 18 to 65 years | 85 years | Minimum- 10 years Maximum- 67 years |
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| Axis Max Life Premium Return Protection Plan | 21 to 55 years | 75 years | Minimum- 20 years Maximum- 30 years |
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Axis Max Life Term Plan for 1 Crore: Overview
We have provided a brief overview of 1 crore term insurance plans offered by Axis Max Life Insurance so that you can understand them better.
Axis Max Life Smart Term Plan Plus
Axis Max Smart Term Plan Plus is one of the comprehensive term plans that offers 1 crore coverage to help you meet the changing needs. You have the option to skip your premiums in case of any emergencies, if you have completed 3 policy years. You can choose from 7 plan variants with this plan, including:
- Regular Cover
- Rebalancing Cover
- Early ROP Plus
- Smart Cover
- Return of Premium
- Whole Life Cover
- Income Protection Cover
Why Choose Axis Max Smart Term Plan Plus?
- Provides an option to receive a special exit value of 2X of the premiums paid with limited pay.
- Choice of plan option as per your needs.
- Option to choose whole life coverage with this plan.
- Accelerated payout of the sum assured within 24 hours of claim intimation.
- Exclusive benefits for the female policyholders, including a premium discount, maternity cover, sum assured top-up option, etc.
Axis Max Life Smart Secure Plus Plan
Axis Max Smart Secure Plus Plan is a pure term insurance policy that helps you secure the future of your loved ones financially in your absence. This plan offers a lot of exclusive benefits for the policyholders to choose from, including premium breaks, joint life cover, additional payout on accidental death, and much more.
Why Choose Axis Max Life Smart Secure Plus Plan?
- Option to receive all the premiums back with the Return of Premium (ROP) option.
- Choice to top-up the sum assured on completion of one year.
- Option to skip premiums in case of emergencies or uncertainties.
- Joint life coverage option to secure your spouse under the same plan.
- Flexible policy tenure and premium payment tenure.
Axis Max Life Smart Total Elite Protection (STEP) Plan
Smart Total Elite Protection Plan by Axis Max Life Insurance is an easy-to-customize term insurance plan with a lot of features for the policyholders to choose from. This plan comes with an inbuilt terminal illness cover that pays an accelerated payout of Rs 1 crore in case the policyholder is diagnosed with any of the terminal illnesses mentioned in the policy brochure.
Why Choose Axis Max Life Smart Total Elite Protection Plan?
- High sum assured discounts.
- Premium discounts for female policyholders.
- Special exit value to receive back all your paid premiums.
- Option to choose additional rider benefits.
- Instant payment on claim intimation.
Axis Max Life Premium Return Protection Plan
Axis Max Life Premium Protection Plan provides financial security to your loved ones along with a premium return in case the policyholder survives the policy tenure. You have the option to get coverage for a long tenure while paying premiums for a limited policy term.
Why Choose Axis Max Life Premium Return Protection Plan?
- Inbuilt accidental death benefit cover that pays 50% sum assured as a benefit.
- Return of premium on the policyholder’s survival.
- Additional discounts for female policyholders.
- Limited payment tenure along with long-term coverage.
- Guaranteed death benefits in case of the policyholder’s death.
Features of Axis Max Life 1 Crore Term Insurance
There are various customer-centric features of Axis Max Life 1 crore term insurance that make it an ideal choice.
Choice of Premium Payment Tenure
Axis Max Life 1 crore plan allows policyholders to choose the premium payment tenure of their choice. There are various premium payment modes available, including limited-term, fixed instalments (monthly, quarterly, half-yearly, or yearly).Long Term Coverage
The policyholder has the option to choose coverage up to 100 years of age with 1 crore term insurance plans offered by Axis Max Life Insurance.Return of Premium Option
Some Axis Max 1 crore term insurance plans provide policyholders with an option to get their premiums back on survival.Joint Life Coverage
With the joint life coverage option, you can cover your spouse under the same plan by paying an additional premium amount.High Sum Assured Discounts
Axis Max Life Insurance 1 crore term plans offer discounts on choosing a high sum assured of Rs 1 crore or more.Sum Assured Top-up
Some Axis Max term plans with 1 crore coverage allow policyholders to top up their coverage at certain life stages, such as marriage, childbirth, etc.
Benefits of Axis Max Life Insurance 1 Crore Term Plans
Buying 1 crore term insurance from Axis Max Life offers a lot of benefits to the policyholders and their families. Here are all the benefits offered by Axis Max Life 1 crore term insurance plans:
Financial Protection
A 1 crore term insurance policy by Axis Max Life Insurance offers a guaranteed payout to the policyholder’s family so that they can live comfortably even in their absence.Premium Break Benefits
The policyholders have the option to skip the premiums of their plan for a certain period in case of any emergencies or uncertainties. The coverage remains active even if the premiums are skipped.Enhanced Coverage with Riders
Axis Max 1 crore term insurance plans allow policyholders to enhance their plan coverage by opting for additional riders. There are various rider benefits available, including an accidental death benefit rider, a critical illness rider, a terminal illness rider, etc.Special Exit Value
Axis Max Life 1 crore term plans provide an option to surrender their policy and avail a special exit value after a certain policy term.Debt Coverage
The policyholder might have taken a loan to fulfil their financial requirements. A 1 crore term insurance ensures the loan taken by them does not become a burden for the policyholder’s family in case of their death.Tax Benefits
The premiums paid for the Axis Max 1 crore term plans are eligible for tax benefits under Section 80 (C) of the Income Tax Act, 1961.
Documents Required to Buy Axis Max Life 1 Crore Term Plans
Buying a 1 crore Axis Max Life term insurance requires various documents, including identity proof, income proof, address proof, medical proof, etc. We have provided a list of documents required to buy Axis Max 1 crore term plans.
| Types of Documents | Documents |
| Identity Proof (Any one) | Passport, Voter ID, Aadhaar Card, PAN Card |
| Income Proof | If salaried - Last 3 months’ salary slips and bank statements having salary credit information. |
| If self-employed, the last 3 years with the Computation of Income (COI). | |
| Address Proof (Any one) | Water Bill, Telephone Bill, Aadhaar Card, Rent Agreement, Electricity Bill |
| Medical Proof | The latest medical test reports allocated by the insurer |
How to Buy Axis Max 1 Crore Term Plans?
To buy Axis Max Life Insurance 1 crore term insurance plans, you can either visit PolicyX.com or the official website of Axis Max Life.
Buying From PolicyX.com
Step 1: Visit the PolicyX website.
Step 2: Select your age, gender, city, annual income, name, and mobile number.
Step 3: Choose your date of birth, education qualification, occupation, and smoking habits. Then click on ‘Continue’.
Step 4: Choose your coverage amount as 1 crore and select the company ‘Axis Max Life Insurance’.
Step 5: The list of 1 crore Axis Max term plans will be displayed on your screen.
Step 6: Choose a plan that best suits your needs and make the premium payment.
Once payment is made, you will shortly receive the payment receipt and policy documents.
Buying from Axis Max Life
You can buy a 1 crore Axis Max Life term plan from their official website or one of their nearest branch offices.
Conclusion
Having a term insurance plan with a minimum 1 crore coverage is necessary to ensure your loved ones can live a comfortable life even if you are not with them. Axis Max Life Insurance is one of the leading private life insurers with gross written premiums of Rs 29,529 crore as per the financial report of 2023-24, showcasing the customer’s trust. To calculate the premiums of Axis Max Life 1 crore term plans, you can use the PolicyX term insurance premium calculator.
If you are still confused about which Axis Max 1 crore term plan is best, you can contact us at 1800-420-0269 or visit our website, PolicyX.com.
FAQs: Axis Max Life 1 Crore Term Insurance
1. What is the best 1 crore term insurance policy by Axis Max Life?
Axis Max Smart Term Plan Plus is one of the best 1 crore term insurance plans by Axis Max Life Insurance.
2. Is Axis Max Life good?
Yes, Axis Max Life is one of the leading private life insurers with a 99.65% claim-settlement ratio and good customer reviews.
3. How to buy the Axis Max Life 1 crore plan?
You can buy the Axis Max Life 1 crore term plan from PolicyX.com or the Axis Max Life insurance website.
4. How to calculate the premiums of Axis Max Life 1 crore term insurance?
To calculate the premiums of 1 crore term plan by Axis Max Life, you can use PolicyX term insurance calculator.
5. What is Axis Bank’s 1 crore insurance policy?
A 1 crore policy by Axis Max Life Insurance offers a sum assured of Rs 1 crore to the policyholder’s family in case of the policyholder’s uncertain death during the policy tenure.
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Written By: Himanshu Kumar
Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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