Smart Term Plan
vs
Aditya Birla Sun Life Insurance Saral Jeevan Bima
- Affordable Premiums
- Multiple plan options to choose from
- Flexible premium payment options
| PLAN DETAILS |
 Smart Term Plan |
 Aditya Birla Sun Life Insurance Saral Jeevan Bima |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 85 years | Maximum Maturity Age - 70 years |
| Plan Sum Assured | Base sum assured: 20 lakhs to no limit. | Base sum assured: 5 lakhs to 25 Lakhs |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 65 years |
| Plan Payment modes | Annual, half-yearly, quarterly & monthly | Monthly, Half-Yearly or Annually |
| Plan Policy loan | The policy loan is not available under Axis Max Life Smart Secure Plus Plan. | The policy loan is not available under Aditya Birla Life Saral Jeevan Bima |
| Plan Sample Premium | Rs 586/- per month | Rs 567-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 10 years Maximum term - 67 years | Minimum term - 5 years, Maximum term - 40 years |
| Claim Settlement Ratio (2023-24) | 99.70 | 98.12 |
* 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.
Axis Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to fulfill the growing financial needs of a family and acts as a savior to create a financial net around the family.
With Axis Max Life Smart Secure Plan the insured gets two death benefits, including a cover for terminal illness and an exit value. In addition, this plan also provides optional benefits such as premium breaks, joint life cover, additional payout on accidental death and much more.
Axis Max Life Smart Secure Plus Plan offers you a range of benefits including:
You can add the following riders to your Axis Max Life Smart Secure Plus Plan:
It will waive off all future premiums and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of critical illness.
In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.
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