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Axis Max Life Online Term Plan Life Cover + Monthly Income

Axis Max Life Online Term Plan Life Cover + Monthly income is a pure term plan offered by Axis Max life insurance, which takes care of your protection needs by providing high coverages at minimal costs. This plan offers 3 death benefit options to fit your needs, of which the life cover + monthly income variant provides a lump sum death benefit on death and also provides for level monthly incomes for the next 10 years to support the family’s financial requirements.

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15.8 Crore Registered Consumer

7.16 Crore Policies Sold

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₹1 Crore Life cover starting from ⁺

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Let us take a look at the key features and benefits of this monthly insurance plan:

Key Features of Axis Max Life Online Term Plan Plus Life Cover + Monthly Income

Some key features of the plan are mentioned below:

It is a pure term insurance plan with regular pay, pay till 60 years, and 10 year premium paying options
This term insurance monthly insurance plan offers 3 death benefit options, of which you can select the life cover + monthly income to have your nominee receive the lump sum death benefit and monthly income for the next 10 years
The accelerated critical illness benefit will pay the benefit amount on the diagnosis of a critical illness listed under the plan
With the life stage benefits, you can increase the sum assured at different milestones like marriage and kids
You can increase the plan’s base coverage by adding the waiver of premium riders at additional premiums
Easy and hassle-free application process

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Benefits of Axis Max Life Online Term Plan Plus Life Cover + Monthly Income

Listed below are some benefits of the plan:

Death Benefits

The Axis Max Life Online Term Plan Plus offers the option of choosing the most suitable death benefit option, but the plan’s Life Cover + Monthly Income variant the following benefit on the death of the policyholder

In case of the policyholder’s death during the policy term, the insurer will pay the nominee the sum assured amount in a lump sum and pay an additional 0.4% of the base sum assured every month for 10 years.
Maturity Benefits

There is no maturity or surrender benefit available under this Axis Max life insurance plan.
Accelerated Critical Illness

With the accelerated critical illness rider, you can receive the rider sum assured on the diagnosis of any of the 40 critical illnesses listed under the plan during the policy term. This benefit comes with a waiting period of 90 days, during which no amount will be payable.
Life Stage Event

The plan allows you to increase the sum assured as your needs change at different life stages like marriage, childbirth, and home loan.
Tax Benefits

Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

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Eligibility Conditions for Axis Max Life Online Term Plan Plus Life Cover + Monthly Income

You need to satisfy the following eligibility conditions to purchase this monthly insurance plan by Axis Max Life Insurance:

Criteria	Minimum	Maximum
Entry Age (Last Birthday)	18 years	60 years
Maturity Age (Last Birthday)	-	85 years
Policy Term (PT) in years	10 years	50 years
Premium Paying Term (PPT) in years	10 years, regular pay, or pay till 60
Premium Paying Frequency	Annual, semi-annual, quarterly, monthly
Sum Assured	25 Lacs	100 crores

Additional Riders of Axis Max Life Online Term Plan Plus

Let us look at additional riders offered by the Axis Max life online term plan plus life cover + monthly income:

Axis Max Life Comprehensive Accident Benefit Rider

This rider pays the additional rider sum assured on the death or disability of the policyholder during the policy term as per the policy’s T&Cs.
Axis Max Life Waiver of Premium Plus Rider

The policy will waive off all the remaining premiums on the disability or diagnosis of a critical illness listed under the rider, and the policy will continue its coverage as normal.

Policy Details of Axis Max Life Online Term Plan Plus Life Cover + Monthly Income

Listed below are the things you must know about Axis Max Life Online Term Plan Plus Life Cover + Monthly Income:

Grace Period: You can pay the premiums within 30 days for quarterly, semi-annual, and annual modes or within 15 days for monthly modes.
Policy Lapse: If the policyholder fails to pay the premiums within the grace period, the policy will lapse and will no longer provide coverage and benefits to the policyholder. If the policyholder meets an eventuality while the policy has lapsed, the insurer will provide no benefit amount.
Policy Revival: In case your term insurance is in lapse, you can revive your plan within 5 years from the date of the first unpaid premium. You will need to submit a written application, evidence of insurability, overdue premiums, late payment fees, and interests.
Free Look Period: If you are not pleased with the coverage and terms and conditions of the policy, you have the option of canceling the policy within 30 days (for online policies) of receipt of the policy documents, provided there has been no claim.

Exclusions

In case of suicide committed within 12 months of policy inception or revival, only total premiums paid are returned to the nominee.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

+On the basis of your profile

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10

+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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