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Overview
Axis Max Life Insurance Smart Term Plan Plus is a flexible term insurance plan that provides a fixed family payout, high life cover, and terminal illness protection under a single plan. The plan offers 7 coverage variants to match different life stages and financial needs.
It helps your family manage expenses, loans, and future financial goals in your absence. You also get inbuilt terminal illness coverage and the option to increase protection with additional riders.
Key Benefits
- Choice of Plan Variant
- Cover Continuance Benefit
- Special Exit Value
- Option to Choose Whole Life Cover
- Inbuilt Terminal Illness Cover
- Special Discount for Females
Features
Cover Continuance Benefit
Your policy stays active even in tough situations. It helps maintain coverage so your family stays protected.
Inbuilt Terminal Illness Benefit
You get financial support during critical times. A payout is made if diagnosed with a terminal illness.
Female Life Discount
Female policyholders get a flat 15% discount throughout the premium payment term.
Lifeline Plus
Extra flexibility during life events. Allows a top-up cover if the spouse passes away, at predefined premium terms.
Whole Life Coverage up to 100 Years
You stay protected for life. Coverage can extend up to age 100 for long-term security.
7 Plan Variants
You get multiple plan options. You can pick based on your goal, like protection, savings, child planning, or income support.
Total Flexibility
You can customize the plan as per your needs. You choose the cover amount, policy term, and add riders when needed.
Insta Payment on Claim Intimation
Your family gets quick financial help. A part of the claim amount is paid immediately after claim intimation.
200% Special Exit Value
You get higher returns on exit. You can receive up to double the total premiums paid at a defined stage.
Exclusions
- All policies sold through POS persons have a waiting period of 90 days. In case of the policyholder’s 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 for ROP, Early ROP, and Whole Life variants.
- Suicide will be covered after completing the first year of your policy tenure.
