Axis Max Life Smart Total Elite Protection

Overview

Axis Max Life Smart Total Elite Protection Term Plan is a pure risk protection plan designed to provide flexible and long-term financial security at an affordable cost. This plan allows you to defer your premiums for 12 months while your coverage stays intact. It also allows you to design your term plan and add additional coverage against accidental disability and critical illnesses.

Axis Max Life Smart Total Elite Protection offers a range of benefits, including:

• Special exit value
• Inbuilt terminal illness cover
• Insta payment on claim intimation
• Cover continuance benefit
• High-sum assured discounts
• Lower premiums for non-smokers

Riders You Can Avail With Axis Max Life Smart Total Elite Protection Plan

You can add the following riders to your Axis Max Life STEP plan:

Axis Max Life Waiver of Premium Plus Rider

The Axis Max Life Waiver of Premium Plus rider supports the policyholder and their family by waiving off all future premiums of the term plan in case of Critical Illness or Permanent Disability.

Axis Max Life Critical Illness and Disability Rider

Under the critical illness rider, the policyholder receives an additional sum assured along with the base sum assured of the policy in case of diagnosis of any 40 listed critical diseases.

Key Features of Axis Max Life Smart Total Elite Protection Plan

Choose the Premium Payment Term at the Start of the Policy

You have to choose your premium payment tenure at the start of the policy, and it cannot be changed at a later stage.

Choose Your Coverage Up to 85 Years

You can choose your coverage tenure for up to 85 years as per your requirements.

Special Exit Value

You have the option to receive all premiums paid back, in any policy year starting from the 30th policy year, but not during the last 4 policy years. No additional premium is to be paid (free of cost).

Policy Loan

You cannot avail of a loan under this policy.

High Sum Assured Discounts

Axis Max Life Smart Total Elite Protection offers built-in discounts for customers looking for a higher sum assured in term insurance, such as 5 crore or 10 crore.

Lower Premiums for Female Lives

The plan offers up to 15% lower premium rates for its female policyholders. This discount is valid for all premium payment terms except pay till 60.

No Restrictions on Travel/Occupation

The plan does not restrict travel anywhere in the world or future occupation changes; all eligible claims will be settled after submitting all proper documents.

Tax Benefits

The Axis Max Life Smart Total Elite Protection plan offers tax benefits under Section 80C of the Income Tax Act, 1961, for up to 1.5 lakhs of the total premium paid in the same financial year.

Exclusions

• Suicide during the first 12 months of policy inception will not be covered.
• Injuries or illnesses caused due to any type of adventure sports.
• Consumption of any type of drugs or alcohol, except for clinical purposes.
• Any pre-existing disease not mentioned at the start of the policy.