Axis Max Life Super Term Plan

Axis Max Life Super Term Plan is a comprehensive protection plan designed to secure your family’s financial future with high life cover at affordable premiums. A joint venture between Axis Bank and Max Life Insurance, this plan ensures that your loved ones remain financially protected even in your absence. With flexible payout options and long-term coverage, the Axis Max Life Super Term Plan goes beyond basic life insurance, it’s a thoughtful way to safeguard your family’s lifestyle and goals, no matter what life brings.

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12.02 Crore Registered Consumer

5.9 Crore Policies Sold

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₹1 Crore Life cover starting from ⁺

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Key Features of the Axis Max Life Super Term Plan

This Axis Max life term plan is a pure term insurance plan that only provides regular premium pay term.
There are 2 Sum Assured options 1 & 2 where Level Sum Assured is offered in Option 1 & Increasing Sum Assured in Option 2
In Option 2, the Sum Assured increases by 5% p.a. at a simple rate every year which can help customers deal with inflation
Flexibility to choose the benefit payout option as lump sum or as lump sum + monthly income for 10 years
Choose the most suitable policy term, ranging from 10 years to 35 years
Get comprehensive cover for your family at affordable premium rates
This Axis Max life term plan offers Accidental Death and Dismemberment rider and waiver of premium plus rider with base term plan

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 the Axis Max Life Super Term Plan

Death Benefits

On death of the policyholder, Guaranteed Death Benefit is payable which is higher of 10 times the annual premium or 105% of all premiums paid till death or Guaranteed Maturity SA or Sum Assured effective on the policy year before or in the year of death.
Sum Assured Options

This Axis Max Life Term Plan offers two sum assured options: level sum assured and increasing sum assured. The sum assured under the level option remains fixed for the entire policy term, whereas the sum assured under the increasing option, increases by 5% p.a. at every policy anniversary, without increasing the premiums.
Rider Benefits

The plan offers Axis Max Life Accidental Death and Dismemberment rider that pays lump sum benefit on the death/dismemberment due to accident.

The Axis Max Waiver of premium rider waives off all the remaining premiums in case of critical illness diagnosis, dismemberment, or death of the policyholder.
Benefit Payout Options

The nominee can avail the entire death benefit in a lump sum amount or avail 50% of the benefit in a lump sum and the rest 50% in equal monthly instalments @ 0.42% of the Guaranteed Death Benefit for 10 years post death.

The monthly instalments increase at a simple rate of 8.5% p.a. and they can also be withdrawn in lump sum any time by the nominee in which case the amount will be paid after discounting it @ 6.5%. As a policyholder, you get to leverage Income tax benefits as per Income Tax Act.

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₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

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⁺Standard T&C Applied

Max Life Super Term Plan - Product Specification

Minimum	Maximum
Entry Age (Last Birthday)	18 years	65 years
Maturity Age (Last Birthday)	-	75 years
Policy Term (PT) in years	10	35
Premium Paying Term (PPT) in years	Equal to policy term
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Yearly Premium	5000	No limit
Sum Assured	25,00,000	No limit

Policy Details of the Axis Max Life Super Term Plan

Reduced Insurance Cover: This Axis Max life term plan offers the reduced insurance cover benefit, for policies with policy term 16 years. On the discontinuance of premium payment after 15 years of the policy. The reduced insurance cover will be calculated as follows:

Reduced Insurance Cover = [ { (Policy year of discontinuance of premium -1) / Policy Term } - 0.25 ] x Guaranteed Death Benefit
Grace Period: A grace period of 15 days is allowed for paying the premium in monthly mode and 30 days in other modes.
Free Look Period: This Axis Max Life term plan offers a free look period, during which you can assess the policy documents and return the policy if the policy is not suited to your needs.
Surrender Benefit: There is no surrender value offered under this plan.
Discount on Premiums: Non-smokers are given premium discounts High sum assured levels get rebates and low premium rates will be applicable for female insurance buyers.

Exclusions

There are unfortunate cases when the policyholder commits suicide within a year of taking up, then in these cases the nominee receives a portion of the total premiums paid.

Documents Required

To take the policy, you need to submit KYC documents along with address proof to support the proposal form. Moreover, a medical examination is necessary in a case of the amount assured and the age of the person who wishes to take the policy.

You may also like to read: Max Life Term Insurance Plans

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

Rs. 400/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. 400/month (Rs.13/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.

+Rs. 230 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. 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. 12/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. 497/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. 487/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. 626/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. 905/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. 1,267/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.

*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. 447/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.679/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. 910/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. 1,924month 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.

Women

+Rs. 400/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, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

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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