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Axis Max Life Assured Wealth is a non-linked, comprehensive life insurance savings plan that offers the dual benefits of investment and insurance. It offers guaranteed returns at the end of the policy term. This plan offers flexible premium payment options, and policy term options range between 5 to 10 years.
Axis Max Life Assured Wealth Plan offers you a range of benefits including:
Guaranteed lump sum on maturity
Flexible premium and policy term options
Life coverage until the whole policy tenure
Minimum Age - 91 days Maximum Age - 60 years
Maximum Maturity Age - 70 years
Minimum term - 10 years Maximum term - 20 years
5,10 years
Annual, half-yearly, quarterly & monthly
No limit
Let's understand how the Axis Max Life Assured Wealth Plan works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the Axis Max Life Assured Wealth Plan. He visited PolicyX.com
Let's understand how the Axis Max Life Assured Wealth Plan works for him with a premium illustration table.
Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
25 years | Rs 1,00,000 | 10 years | 5 years | Rs 7,51,953 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 7,51,953 are paid to the policyholder.
Here are some features of Assured Wealth:
It offers flexible premium payment and policy term ranges between 5 and 10 years.
You can receive a 100% guaranteed tax-free lump sum payout at maturity to achieve your financial goals.
You can also take out a loan against this policy, starting with a minimum of Rs. 10,000 to 80% of the surrender value.
It offers a reduced paid-up value option (RPU) if you fail to pay the premium before the due date during the grace period.
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There are various benefits to buying the Axis Max Life Assured Wealth Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy theAxis Max Life Assured Wealth Plan:
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Assured Wealth official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Hover on the ‘Life Insurance’ tab.
Choose the Investment plan you want to buy.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Axis Max Life Insurance.
Hover over 'Life Insurance Plans' from the top of the menu.
Click on the Axis Max Life Assured Wealth Plan.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the Axis Max Life Assured Wealth Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the Axis Max Life Assured Wealth Plan-
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
What’s Good Here | What’s Missing |
Guaranteed Lump Sum on Maturity | Guaranteed Additions |
Flexible-Premium Terms | No High Sum Assured Rebate |
Earn Cash Bonuses | Premium Offset |
Rider Protection | No Auto Cover Continuance |
Axis Max Life Assured Wealth Plan is an investment plan that helps you to grow your savings and build wealth to achieve future goals. If you need expert advice to choose the best savings plan, contact our insurance experts at PolicyX anytime for free advice.
30 days for single PPT and 15 days for limited PPT.
Yes, it is a good plan for the individual seeking guaranteed returns on maturity along with life cover.
30 days
91 days
Yes, loan facility is available under max life assured wealth plus.
10 times the annual premium
Yes, the maturity amount is tax-free for up to 1.5 lacs, under section 10(10D).
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February 5, 2023
Asia/Kolkata
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