Axis Max Life Smart Term Plan Plus
- 7 Plan Options
- Cover Continuance Benefit
- Inbuilt Terminal Illness Cover
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Updated on Apr 11, 2025 6 min read
Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various life stages. This plan protects your family financially in case something unfortunate happens to you. You have the flexibility to choose from 7 plan variants based on your future financial goals. This plan offers inbuilt terminal illness coverage and an option to enhance coverage with additional rider benefits.
Max Life Smart Term Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum maturity age- 100 years
Minimum policy term- 5 years, Maximum policy term- 82 years
Base sum assured- Rs 25 lakhs to No limit
Policy loan is not available
Yearly, half-yearly, quarterly, and monthly
Let's understand how the Axis Max Life Smart Term Plan Plus works with a simple premium illustration.
Mr Sharma is looking for a term plan that offers whole-life coverage along with an inbuilt terminal illness cover to provide a safety net to his loved ones.
While surfing, he visited PolicyX.com and booked a free appointment with their expert advisor. The advisor suggested Mr Sharma buy the Smart Term Plan Plus.
Mr Sharma bought a whole life variant of Smart Term Plan Plus. Let's understand how the plan works for him with a simple premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 1,25,928 | 70 years | 12 years | Rs 15,11,136 | Rs 2 crore |
Key Takeaways:
(i) In the case of Mr Sharma’s unfortunate demise before he turns 60, the death benefits worth Rs 2 crore will be paid to his nominee and the policy will lapse with effect.
(ii) In the case of Mr Sharma’s unfortunate demise after he turns 60, the death benefits worth Rs 1 crore will be paid to his nominee and the policy will lapse with effect.
Here are the benefits associated with the Axis Max Life Smart Term Plan Plus
You can choose the following riders with your Axis Max Smart Term Plan Plus to enhance your plan coverage:
In case the policyholder is diagnosed with 22 and 64 critical illnesses or suffers from permanent disability due to an accident the rider benefits are paid.
This rider waives off all future premiums of your policy under these circumstances- critical illness, dismemberment, or death.
In case the policyholder suffers death or dismemberment due to an accident, rider benefits are paid to either the policyholder or the nominee.
Here is the list of exclusions associated with the plan:
Axis Max Life Smart Term Plan Plus is one of the best offerings by Axis Max Life Insurance that caters to the multidimensional needs of customers. This plan offers a range of exclusive benefits to the policyholders including choice of plan variant, special benefits for women policyholders, inbuilt terminal illness cover, instant payment on claim intimation, special exit value, and much more.
If you are still confused about whether Axis Max Life Smart Term Plan Plus is the right choice for you or not, you can contact us at PolicyX.com.
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice. So what are you waiting for? Book an appointment with us today.
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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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