Monthly Income Advantage
- Guaranteed monthly income
- Longer coverage
- Waiver of premiums
Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers you dual life Insurance coverage benefits until policy tenure and guaranteed income for a certain duration. You can also avail of riders including term plus rider, accidental death, disability rider, COVID-19 one-year rider, critical illness, and disability rider to enhance overall coverage. You can avail of a sum assured ranging from Rs 54,000 to no upper limit. This plan has 15 plan variants and you can choose the one that best suits your needs.
Axis Max Monthly Income Advantage Plan offers you a range of benefits including:
Guaranteed monthly income
Waiver of future premiums
Reduced paid-up value
Minimum Age - 18 years Maximum Age - 55 years
Maximum Maturity Age - 90 years
Minimum term - 16 years Maximum term - 45 years
6,8,10,12,15 years
Annual, half-yearly, quarterly & monthly
No limit
Let's understand how the Axis Max Monthly Income Advantage 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 Monthly Income Advantage Plan. He visited PolicyX.com
Let's understand how the Axis Max Monthly Income Advantage Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 30 years | Rs 1,00,000 | 18 years | 8 years | Rs 9,59,584 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 9,59,584 are paid to the policyholder.
Here are some features of Monthly Income Advantage:
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Here is the list of documents required to buy the Axis Max Monthly Income Advantage Plan:
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
You can buy the Monthly Income Advantage 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 Monthly Income Advantage 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 Monthly Income Advantage 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 Monthly Income Advantage 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.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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