Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term i ...Read More

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Himanshu

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Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

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Bijendra Singh

Bijendra Singh

Term Insurance

Bijendra Singh with his 9 years of experience in the term insurance sector, has been instrumental in designing customer-centric sales programs. His passion towards innovation strives to achieve organizational objectives while driving sustainable growth in the competitive insurance landscape.

Updated on Dec 15, 2025 6 min read

Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various life stages. This plan protects your family financially in case something unfortunate happens to you. You have the flexibility to choose from 7 plan variants based on your future financial goals. This plan offers inbuilt terminal illness coverage and an option to enhance coverage with additional rider benefits. 

Axis Max Life Smart Term Plan offers you a range of benefits including:

why-choose
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover
  • Special Discount for Females

Eligibility Criteria for Axis Max Life Smart Term Plan Plus

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum maturity age- 100 years

Your Gender

Policy term

Minimum policy term- 5 years, Maximum policy term- 82 years

Maternity Benefit Rider

Sum assured

Base sum assured- Rs 25 lakhs to No limit

Dr YSR Aarogyasri Trust

Policy loan

Policy loan is not available

Maternity Benefit Rider

Payment modes

Yearly, half-yearly, quarterly, and monthly

Plan Options Available With Axis Max Smart Term Plan Plus

There are 7 plan options available that you can choose with your Axis Max Smart Term Plan Plus:

Plan Options Benefits
Regular Cover This variant is similar to a pure term plan where the sum assured chosen at the beginning remains the same throughout the policy tenure. Benefits are paid to the nominee in case of the policyholder’s uncertain demise during the policy tenure.
Rebalancing Cover Under this plan variant, the sum assured is divided into two- life cover sum assured (paid in case of accidental or non-accidental death) and ADB sum assured (paid only in case of accidental death).
Early ROP Plus This plan variant pays 50% of the total premiums back in case the policyholder attains (60 years+ Premium Payment Term+10). The remaining 50% is paid at the end of the policy tenure.
Smart Cover This variant pays 150% of the base sum assured in case of the policyholder’s death during the first 15 policy years and 100% sum assured is paid in case of the policyholder’s death after 15 policy years.
Return of Premium This variant pays off the guaranteed death benefits in case of the policyholder’s death during the tenure. If the policyholder survives 100% of the premiums paid are returned.
Whole Life Cover Under this plan variant, 50% of the premiums are returned in case the policyholder survives (60 years+ Premium Payment Term+10). The remaining 50% of the premiums are returned if the policyholder survives till 100 years of age.
Income Protection Cover This plan variant pays the guaranteed death benefits in the form of monthly income at the time of death for 120 months or the remaining amount.

How Does Axis Max Life Smart Term Plan Plus Work?

Let's understand how the Axis Max Life Smart Term Plan Plus works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr Sharma is looking for a term plan that offers whole-life coverage along with an inbuilt terminal illness cover to provide a safety net to his loved ones.

Solution

While surfing, he visited PolicyX.com and booked a free appointment with their expert advisor. The advisor suggested Mr Sharma buy the Smart Term Plan Plus.

Mr Sharma bought a whole life variant of Smart Term Plan Plus. Let's understand how the plan works for him with a simple premium illustration table.

Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Sum assured
30 years Rs 1,25,928 70 years 12 years Rs 15,11,136 Rs 2 crore

Key Takeaways: 

(i)  In the case of Mr Sharma’s unfortunate demise before he turns 60, the death benefits worth Rs 2 crore will be paid to his nominee and the policy will lapse with effect. 

(ii) In the case of Mr Sharma’s unfortunate demise after he turns 60, the death benefits worth Rs 1 crore will be paid to his nominee and the policy will lapse with effect. 

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Benefits of Axis Max Life Smart Term Plan Plus

Here are the benefits associated with the Axis Max Life Smart Term Plan Plus

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Exclusions of Axis Max Smart Term Plan Plus

Here is the list of exclusions associated with the plan:

  • All the policies sold through POS persons have a waiting period of 90 days. In case of the policyholder’s uncertain demise during the waiting period, no death benefits are paid. Only the premiums paid to date excluding applicable GST would be paid to the nominee of the policy.
  • No policy loan is available under this plan except ROP, Early ROP, and Whole Life variants of this plan.
  • Suicide will be covered after completing the first year of your policy tenure.

Conclusion

Axis Max Life Smart Term Plan Plus is one of the best offerings by Axis Max Life Insurance that caters to the multidimensional needs of customers. This plan offers a range of exclusive benefits to the policyholders including choice of plan variant, special benefits for women policyholders, inbuilt terminal illness cover, instant payment on claim intimation, special exit value, and much more.

If you are still confused about whether Axis Max Life Smart Term Plan Plus is the right choice for you or not, you can contact us at PolicyX.com. 
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice. So what are you waiting for? Book an appointment with us today.

Explore other Axis Max Life Term Insurance

Axis Max Life Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Axis Max Life Term Insurance plans. Below is the list of term plans offered by Axis Max.

Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various lif...

Unique Features

  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover

Axis Max Life Smart Term Plan Plus (Pros)

Axis Max Life Smart Term Plan Plus
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value

Axis Max Life Smart Term Plan Plus (Cons)

Axis Max Life Smart Term Plan Plus
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Axis Max Life Smart Term Plan Plus (Other Benefits)

Axis Max Life Smart Term Plan Plus
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover
  • Special Discount for Females

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Axis Max Life Smart Term Plan Plus
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 2 lakhs
  • Max maturity age - 100 years
  • PPT - RP/SP/LP

Axis Max Life Smart Secure Plus

Axis Max Life Smart Secure Plus

Axis Max Life Smart Secure Plus Plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designe...

Unique Features

  • 100% return of premium
  • Loyalty Discount of 5%
  • Increase your Sum Assured

Axis Max Life Smart Secure Plus (Pros)

Axis Max Life Smart Secure Plus
  • Income Protector
  • Rider Options
  • Premium Return (ROP)

Axis Max Life Smart Secure Plus (Cons)

Axis Max Life Smart Secure Plus
  • Limited Maturity Benefit
  • Plan Complexity
  • No Loan Benefit

Axis Max Life Smart Secure Plus (Other Benefits)

Axis Max Life Smart Secure Plus
  • Enhance Cover at Milestones
  • Accelerated Critical Illness Benefit
  • Accident Cover

Axis Max Life Smart Secure Plus (Eligibility Criteria)

Axis Max Life Smart Secure Plus
  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP

Axis Max Life Smart Total Elite Protection

Axis Max Life Smart Total Elite Protection

Have you ever heard of a term plan that gives you a 12-month grace period before paying your next premium? Axis Max Life Smart Total Elite Protection ...

Unique Features

  • Cover continuous benefit
  • Terminal illness cover
  • Early exit benefit

Axis Max Life Smart Total Elite Protection (Pros)

Axis Max Life Smart Total Elite Protection
  • Special Exit Value
  • Accident Cover
  • Terminal Illness Cover

Axis Max Life Smart Total Elite Protection (Cons)

Axis Max Life Smart Total Elite Protection
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Axis Max Life Smart Total Elite Protection (Other Benefits)

Axis Max Life Smart Total Elite Protection
  • Cover continuance benefit
  • Insta payment
  • Choose policy term

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Axis Max Life Smart Total Elite Protection
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 1
  • Max maturity age - 85 years
  • PPT - RP/SP/LP

Axis Max Life Premium Return Protection

Axis Max Life Premium Return Protection

Axis Max Life Premium Return Protection Plan is a simple term insurance plan that offers coverage along with a 'Return of Premium' benefit. The plan o...

Unique Features

  • Return of Premium Plan
  • Flexible-Premium Payment Term

Axis Max Life Premium Return Protection (Pros)

Axis Max Life Premium Return Protection
  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

Axis Max Life Premium Return Protection (Cons)

Axis Max Life Premium Return Protection
  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

Axis Max Life Premium Return Protection (Other Benefits)

Axis Max Life Premium Return Protection
  • Death Benefit in Instalments
  • RP
  • WOP & 3 Riders
  • Additional Cover for Spouse

Axis Max Life Premium Return Protection (Eligibility Criteria)

Axis Max Life Premium Return Protection
  • Entry Age - 18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

FAQs: Axis Max Life Smart Term Plan Plus

1. How many plan options are available with Axis Max Smart Term Plan Plus?

There are 7 plan options available that you can choose with Axis Max Smart Term Plan Plus.

2. What are the benefits of Axis Max Smart Term Plan Plus?

There are various benefits of buying Smart Term Plan Plus including death benefits, survival benefits, cover continuance benefits, special exit value, terminal illness cover, etc.

3. Is Axis Max Life Smart Term Plan Plus worth buying?

Yes, Smart Term Plan Plus is absolutely worth buying as it offers a range of benefits including instant payment on claim intimation, survival benefits, maturity benefits, etc.

4. What is the Axis Max Life Smart Plus plan?

Axis Max Life Smart Term Plan Plus is a unique offering by Axis Max Life Insurance to cater to the multidimensional needs of the customers.

5. What is the maximum maturity age of the Axis Max Life Smart Term Plan?

The maximum maturity age of the Axis Max Life Smart Term Plan Plus is a whole life or 100 years.

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Himanshu Kumar

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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