Saving Advantage
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus
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Customized Investment Plan for you.

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15 Lacs+ P.A. 10-15 Lacs P.A. 7-10 Lacs P.A. 5-7 Lacs P.A. 3-5 Lacs P.A. Upto 3 Lacs P.A.

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Saving Advantage

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:

why-choose
  • Flexibility to choose premium payment terms
  • Guaranteed additions
  • Flexible policy tenure
  • Cash bonuses

Eligibility Criteria for Saving Advantage

Your Occupation

Entry age

Minimum Age - 91 days Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 80 years

Your Gender

Policy tenure

Minimum term - 10 years Maximum term - 30 years

Maternity Benefit Rider

Premium payment term

5,12 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly, quarterly & monthly

Maternity Benefit Rider

Sum assured

No limit

How Does the Axis Max Life Savings Advantage Plan Work?

Let's understand how the Axis Max Life Savings Advantage Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.

Solution

His financial advisor advised him to buy the Axis Max Life Savings Advantage Plan. He visited PolicyX.com

Features of Saving Advantage

Here are some features of Saving Advantage:

Axis Max Life Investment Plans

Axis Max Life Smart Wealth Income Plan is a combination of insurance and savings that protects your loved ones financially in your absence and guarant...

Unique Features

  • Guaranteed maturity benefits
  • Guaranteed additions
  • Joint life option

Axis Max Life Smart Wealth (Pros)

Axis Max Life Smart Wealth
  • Maturity returns
  • Death benefit
  • Guaranteed additions

Axis Max Life Smart Wealth (Cons)

Axis Max Life Smart Wealth
  • Suicidal benefit not covered
  • Air accident not covered

Axis Max Life Smart Wealth (Other Benefits)

Axis Max Life Smart Wealth
  • Whole-life income with a joint life option
  • Rider protection
  • Surrender option
  • Reduced paid-up

Axis Max Life Smart Wealth (Eligibility Criteria)

Axis Max Life Smart Wealth
  • Minimum entry age- 91 days
  • Maximum entry age- 59 years
  • Sum assured- No Limit
  • Maximum policy term- 12 years

Axis Max Life Whole Life Super is a non-linked, participating life insurance savings plan. It offers lifetime protection up to 100 years of age, in re...

Unique Features

  • Lifetime coverage
  • Flexible premium payment option
  • Receive Bonus

Whole Life Super (Pros)

Whole Life Super
  • Lifetime coverage
  • Flexible premium payment option
  • Receive Bonus

Whole Life Super (Cons)

Whole Life Super
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Whole Life Super (Other Benefits)

Whole Life Super
  • Death benefits
  • Maturity benefits
  • Tax benefits

Whole Life Super (Eligibility Criteria)

Whole Life Super
  • Minimum entry age- 18 years
  • Maximum entry age- 60 years
  • Minimum sum assured- Rs 50000
  • Maximum sum assured- No limit
  • Maximum policy term- 100 years

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...

Unique Features

  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus

Saving Advantage (Pros)

Saving Advantage
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus

Saving Advantage (Cons)

Saving Advantage
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Saving Advantage (Other Benefits)

Saving Advantage
  • Flexible policy tenure
  • Cash bonuses
  • Tax benefits

Saving Advantage (Eligibility Criteria)

Saving Advantage
  • Minimum entry age- 91 days
  • Maximum entry age- 65 years
  • Minimum sum assured- 125% of Single Premium
  • Maximum sum assured- No limit
  • Maximum policy term- 30 years

Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers you dual life Insurance coverage benefits until policy tenure and guarantee...

Unique Features

  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums

Monthly Income Advantage (Pros)

Monthly Income Advantage
  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums

Monthly Income Advantage (Cons)

Monthly Income Advantage
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Monthly Income Advantage (Other Benefits)

Monthly Income Advantage
  • Flexible policy tenure
  • Reduced paid-up value
  • Tax benefits

Monthly Income Advantage (Eligibility Criteria)

Monthly Income Advantage
  • Minimum entry age- 18 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 54000
  • Maximum sum assured- No limit
  • Maximum policy term- 45 years

Axis Max Life Assured Wealth is a non-linked, comprehensive life insurance savings plan that offers the dual benefits of investment and insurance. It ...

Unique Features

  • Guaranteed return on maturity
  • Flexible premium paying term
  • Enhanced protection through rider

Assured Wealth (Pros)

Assured Wealth
  • Guaranteed return on maturity
  • Flexible premium paying term
  • Enhanced protection through rider

Assured Wealth (Cons)

Assured Wealth
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Assured Wealth (Other Benefits)

Assured Wealth
  • Tax Benefits
  • Death Benefits
  • Maturity Benefits

Assured Wealth (Eligibility Criteria)

Assured Wealth
  • Minimum entry age- 91 days
  • Maximum entry age- 65 years
  • Minimum sum assured- Rs 161225
  • Maximum sum assured- No limit
  • Maximum policy term- 20 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of the Axis Max Life Savings Advantage Plan

There are various benefits to buying the Axis Max Life Savings Advantage Plan. Let’s understand each of them in detail:

  • Death BenefitThe insurance cover amount will be paid out to the nominee on the policyholder's unfortunate death during the policy term.
  • Maturity BenefitOnce you survive at the end of the policy term, you shall receive a guaranteed lump sum maturity benefit. Following guaranteed maturity, benefits will be payable if the premiums are paid fully.
  • Guaranteed AdditionsUnder this plan, you'll get 5.5% of Guaranteed Additions at the end of each policy year for the first 5 policy years to boost your sum assured amount. 
  • Terminal BonusA terminal bonus is an extra payment added to your base cover, reflecting your share of the insurer's profits. It is paid at the end of the policy term or if you pass away.

Documents Required to Buy Axis Max Life Savings Advantage Plan

Here is the list of documents required to buy the Axis Max Life Savings Advantage Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

How to Buy Saving Advantage?

You can buy the Saving Advantage official website or one of their nearest branch offices.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Hover on the ‘Life Insurance’ tab.

  • Step 3

    Choose the Investment plan you want to buy.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Axis Max Life Insurance.

  • Step 2

    Hover over 'Life Insurance Plans' from the top of the menu.

  • Step 3

    Click on the Axis Max Life Savings Advantage Plan.

  • Step 4

    Click on ‘Buy Now’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

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.

Your Occupation

Exclusions of the Axis Max Life Savings Advantage 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.

Plan At a Glance

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

In a nutshell

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.

FAQs: Axis Max Saving Advantage Plan

1. What is the Max Life Savings Advantage Plan?

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.

2. Does Max Life Savings Advantage Plan offer an income payout option?

Under this plan, you can convert the lump sum Maturity Benefit / Death Benefit into regular income for 10 years based on your requirements.

3. What types of bonuses are there in the Max Life Savings Advantage Plan?

Max Life Savings Advantage Plan offers annual or terminal bonuses at the end of each year.

4. What is the claim settlement ratio of Max Life Insurance?

In terms of the number of policies settled during 2023-24, Max Life Insurance has the highest claim settlement ratio of 99.65%.

5. What rider can I avail of with my Max Life Savings Advantage Plan?

The plan offers three inbuilt optional riders, including term plus rider, accidental death & dismemberment rider, or waiver of premium plus rider.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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Sahil Singh Kathait

Written By: Sahil Singh Kathait

A boy-in-squares bagging escapades of switching streets in groove & sensing musical airy-notes from 6 1". Under wayed nyctophile sketching the walls of life from the panorama of anime.