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Save More, Live Better with Axis Max Life Savings Advantage Plan
Whether aiming for a new car or your daughter's dream wedding, savings alone won't do it; you need to grow your money to reach your future goals. That's why Axis Max Life launched an Axis Max Life Savings Advantage Plan. It helps you grow your savings to build wealth and achieve your future goals while providing life coverage against unfortunate death.
Apart from the lump sum death or maturity benefit payout, this plan offers you 5.5% of Guaranteed Additions at the end of each policy year for the first 5 policy years to boost your sum assured amount.
Even the life insurance plan offers flexibility to select payout options, such as lump sum or monthly income. On the unfortunate death of an insured person during the policy, a sum of the guaranteed death benefit, guaranteed additions (if any), and Terminal Bonus (if any) shall be payable to the nominee.
Axis Max Life Savings Advantage Plan offers you a range of benefits including:
Minimum Age - 91 days Maximum Age - 65 years
Maximum Maturity Age - 80 years
Minimum term - 10 years Maximum term - 30 years
5,12 years
Annual, half-yearly, quarterly & monthly
No limit
Let's understand how the Axis Max Life Savings 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 Life Savings Advantage Plan. He visited PolicyX.com
Here are some features of Saving Advantage:
The policyholders have the flexibility to choose premium payment terms and policy terms based on your requirements.
The plan allows you to convert the lump sum Maturity Benefit / Death Benefit into regular income for 10 years based on your requirements.
At the end of the policy term, enjoy 110% of life cover on maturity along with accrued guaranteed additions, paid-up additions (if any) and Terminal Bonus (if any).
If you have paid a minimum of two years of premium then your policy acquires a surrender value. Surrender value is always the higher of guaranteed surrender value and special surrender value.
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There are various benefits to buying the Axis Max Life Savings Advantage Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Axis Max Life Savings Advantage 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 Saving 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 Life Savings 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 Life Savings 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.
What’s Good Here | What’s Missing |
Choice of Premium Payment Terms | Guaranteed Additions |
Guaranteed Additions | No High Sum Assured Rebate |
Flexible Policy Tenure | Premium Offset |
Cash Bonuses | No Auto Cover Continuance |
Axis Max Life Savings Advantage Plan helps you grow your savings and build wealth with 5.5% Guaranteed Additions at the end of each policy year. It is ideal for those who want to buy a car or dream home in the future. To learn more about this plan's features, you can reach out to us at PolicyX.com.
Max Life Savings Advantage Plan is a guaranteed savings and protection plan that helps you build a corpse to achieve your future goals. It offers guaranteed returns, maturity benefits, annual bonuses or life cover.
Under this plan, you can convert the lump sum Maturity Benefit / Death Benefit into regular income for 10 years based on your requirements.
Max Life Savings Advantage Plan offers annual or terminal bonuses at the end of each year.
In terms of the number of policies settled during 2023-24, Max Life Insurance has the highest claim settlement ratio of 99.65%.
The plan offers three inbuilt optional riders, including term plus rider, accidental death & dismemberment rider, or waiver of premium plus rider.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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February 5, 2023
Asia/Kolkata
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