Premium Return Protection Plan vs Smart Total Elite Protection Plan Term Insurance Plan 2026 | PolicyX

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The 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 offers a limited premium payment term of 11 years, making it a smart choice for securing a family's future. Policyholders have the flexibility to choose a protection period (20, 25, or 30 years).

Key benefits of the Axis Max Life Premium Return Protection Plan include:

  • Death Benefit
  • Tax Benefit
  • Limited Premium Payment Term
  • Premium Payment Flexibility
  • Long Term Protection
  • Survival Benefits or Return of Premium
PLAN DETAILS

Premium Return Protection Plan

Smart Total Elite Protection Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Return of Premium Plan
  • Flexible-Premium Payment Term
  • Cover continuous benefit
  • Terminal illness cover
  • Early exit benefit
Plan Maturity age Maximum Maturity Age - 75 years Maximum Maturity Age - 85 years
Plan Sum Assured Base sum assured: 50 lakhs to no limit Base sum assured: 20 lakhs to no limit.
Plan Entry Age Minimum Age - 21 years Maximum Age - 55 years Minimum Age - 18 years Maximum Age - 65 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Policy loan Policy loans are not available under the Max Life Premium Return Protection Plan. The policy loan is not available under Smart Total Elite Protection Plan.
Plan Sample Premium Rs 627-/ per month Rs 605/- per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 20 years Maximum term - 30 years Minimum term - 10 years Maximum term - 67 years
Claim Settlement Ratio (2024-25) 99.78 99.78
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Riders

Riders Associated with Axis Max Life Premium Return Protection Plan

You can add the following riders to your Axis Max Life Premium Return Protection Plan:

Waiver of Premium Plus Rider

Future premiums are waived if you face permanent disability or critical illness, ensuring your plan remains active without payment burden.

Accidental Death and Dismemberment Rider

This rider provides an extra payout over the base sum assured in case of loss of limbs or accidental death, adding a financial safety layer.

Inbuilt Accidental Death Benefit

This provides an automatic extra payout of 50% of the sum assured on accidental death, without needing a separate rider.

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