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Axis Max Life - Smart Term Plan Plus

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Term Insurance plan

99.5%

Claim Settlement Ratio

95.5%​

Amount Settlement Ratio​

Rs. 9,296 Cr

Annual  Business

7.3

Complaints per 10,000 claims settled

₹ 0.00 0.0 INR ₹ 0.00 Tax Included

₹ 0.00 Tax Included

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Brand: Max Life
Type: Term Plan

Terms and Conditions: 
30-day Free Lookup period 

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Add-OnsDiscountDocumentTaxes

Add-Ons

5 Free Add Ons

✅

Special Exit Benefit : Option to get back premium (excl GST) and exit the plan at a specified age. Policy Term should be min 40 yrs

Terminal Illness :  A portion of the life cover will be paid out immediately

Cover Continuance Benefit : Policyholders can defer premium for one year post first 3 years (read policy doc)

Insta-Payment on Claim Intimation : Post First year, a benefit of 2 Lac, from base sum assured will be paid to nominee within 1 working day of claim intimation (read policy doc)

Paid Add ons :

💡

Extra Payout on Accidental Death (Rs. 5,00,00 cover for Rs. 354 add-on)

Critical Illness and Disability

Wavier of Premium on Accidental Disability


Discount

✅

15% discount on first year premium for salaried customers


Document

Download Brochure : 

Taxes

GST : 18% on premium paid

Income tax Benefits : Under Section 80C, premium paid for Term plan is tax exempted. Limit is upto Rs. 1.5 Lacs

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