Axis Max Life ULIP Plans are dynamicfinancial solutions that combine insurance coverage and investment opportunities. TheseULIPs (Unit Linked Insurance Plans) provide flexibility in choosing between funds based on risk appetite, offer fund switching, and tax benefits that help accumulate wealth.
Returns as on 21-09-2026. The returns are the returns of best-performing fund in the plan
Disclaimer : ˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s
insurer partners offering life insurance investment 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.inRead MoreRead Less
Key Features of Axis Max Life ULIP Plans
Investment Plans:
Systematic transfers and fund allocation can create a balanced portfolio.
Flexibility:
Free fund switches are available during the policy span.
Rewards:
Loyal investments can generate rewards and monetary bonuses.
Benefits:
There are immense policy benefits and premium funding to support dependents.
Zero charges:
There are zero or minimum administrative charges applicable.
Many Sources:
Different plans align with wealth creation, childcare and fiscal gains.
Fund Options:
Investing in equity and debt funds can lower the risk.
Why Invest in India's Growth Story?
India's fiscal growth is massively affected by retail participation, technological boost and strong household investment. Over the past few years, several inventors have entered the market to stimulate wealth gains.
This shift is seen closely in equities and investment channels. The sector of life insurance witnessed a rampant growth of ₹4.6 lakh crore in new business with 15.7% annual growth.
As financial participation deepens, investors have increasingly explored products that combine disciplined investing with long-term protection planning. Axis Max Life ULIP Plans align with this evolving investment approach through market-linked fund exposure, flexible premium structures and long-term accumulation opportunities connected with India’s expanding financial markets.
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How Much Historical Returns are Provided by the Plans?
Investment Scenario
Monthly Investment:
₹30,000/month
Investment Horizon:
15 years
Withdrawal Timeline:
After 20 years
Product Type:
Market-Linked ULIP
Scenario 1:
Returns @ 4%
Plan name
Estimated Maturity Value
Assumed Return Rate
Axis Max Life Platinum Wealth Plan
₹78.4 L
4%
Axis Max Life Fast Track Super Plan
₹76.8 L
4%
Axis Max Life Online Savings Plan – Variant 1
₹75.9 L
4%
Axis Max Life Online Savings Plan – Variant 2
₹74.8 L
4%
Axis Max Life Shiksha Plus Super Plan
₹73.6 L
4%
Scenario 2:
Returns @ 8%
Plan name
Estimated Maturity Value
Assumed Return Rate
Axis Max Life Platinum Wealth Plan
₹1.28 Cr
8%
Axis Max Life Fast Track Super Plan
₹1.24 Cr
8%
Axis Max Life Online Savings Plan – Variant 1
₹1.21 Cr
8%
Axis Max Life Online Savings Plan – Variant 2
₹1.18 Cr
8%
Axis Max Life Shiksha Plus Super Plan
₹1.15 Cr
8%
Note:The actual fund value may fluctuate depending on market performance, investment duration, mortality deductions, fund management charges, premium structure, and policy-level charges. Variations across.
Benefits of Axis Max Life ULIP Plans
Long-Term Wealth Creation Potential:
Market-linked investments create opportunities for sustained capital appreciation over extended investment horizons.
Insurance and Investment in One Structure:
Financial protection for dependents continues alongside investment-linked fund growth.
Goal-Based Financial Planning:
Different variants align with retirement preparation, education planning, wealth accumulation, and family security objectives.
Flexibility Across Investment Needs:
Fund allocation changes and multiple premium structures support evolving financial priorities.
Liquidity During Policy Tenure:
Partial withdrawal facilities create access to accumulated funds after the lock-in period.
Reduced Exposure to Market Volatility:
Portfolio management strategies support gradual balancing during uncertain market conditions.
Tax-Efficient Wealth Structuring:
Eligible premiums and policy proceeds may qualify for tax-related benefits under prevailing tax regulations, subject to applicable conditions.
Let us learn the key features of the Axis Max ULIP plans in detail in the following sections.
Axis Max Life Fast Track Super Plan
The Axis Max Life Fast Track Super Plan is a Unit Linked Insurance Plan (ULIP) that offers you with a life cover that protects your family financially in case of your untimely demise, while also helping you grow your wealth through its various investment options.
Key Features of Axis Max Life Fast Track Super Plan
Single Comprehensive Plan:
Achieve long-term financial goals and secure your future with a singular plan.
Loyalty Rewards:
The insurance company provides you with additional loyalty rewards, which can enhance the overall value of your investment.
Diverse Investment Choices:
You can choose from a range of 15 different funds tailored to your risk tolerance.
Flexible Portfolio Management:
Enjoy the freedom to switch between funds with 12 free switches annually.
Investment Strategies:
Protect your fund from market volatility by choosing one of two investment strategies: the Systematic Transfer Plan or Dynamic Fund Allocation.
Axis Max Life Online Savings Plan - Variant 1
Axis Max Life Online Savings Plan - Variant 1 is a Unit Linked Non-Participating Individual Life Insurance Plan that combines the benefits of savings, investment, and life insurance protection in one convenient package.
Key Features of Axis Max Life Online Savings Plan - Variant 1 Plan
Five Cover Multiple Options:
Cover multiple choices vary according to the entry age of the life insured.
Death Benefit Structure:
The nominee receives the higher of Sum Assured, 105% of total premiums paid, or Total Fund Value in case of death during the policy term.
Maturity Benefit:
Fund Value becomes payable as a lump sum on maturity if the settlement option is not exercised.
Flexible Policy and Premium Terms:
Policy term and premium payment term combinations range from 5 to 52 years for maturity age up to 70 years and 10 to 67 years for maturity age between 71 and 85 years.
Investment Fund Choices:
Multiple investment fund options support varying risk appetites and investment preferences.
Unlimited Free Switches:
Fund switching remains available without annual switching limits.
Zero Premium Allocation and Administration Charges:
No premium allocation charge or policy administration charge applies under the plan.
Tax Benefits:
Tax benefits remain applicable according to prevailing tax regulations.
Axis Max Life Online Savings Plan - Variant 2
The Axis Max Life Online Savings Plan - Variant 2 is a Unit Linked Insurance Plan (ULIP) that offers a unique combination of investment and life cover. It is designed to help you grow your wealth through market-linked returns while simultaneously providing financial protection.
Key Features of Axis Max Life Online Savings Plan - Variant 2 Plan
Three Cover Multiple Options:
Cover multiple availability depends on the entry age of the life insured.
Triple Death Benefit Structure:
The nominee receives an immediate lump sum payout, monthly Family Income Benefit payouts, and maturity fund value under applicable policy conditions.
Continuation of Policy Benefits:
The policy continues till maturity even after death of the life insured.
Funding of Future Premiums:
Future outstanding premiums continue through company funding after death of the life insured.
Maturity Benefit:
Total Fund Value becomes payable on maturity if the settlement option is not exercised.
Flexible Policy and Premium Terms:
Policy term and premium payment term combinations range from 5 years to 30 years.
Investment Fund Choices:
Multiple market-linked investment fund options align with varying investment preferences.
Unlimited Free Switches:
Switching between available investment funds remains unrestricted during the policy term.
Zero Premium Allocation and Administration Charges:
No premium allocation charge or policy administration charge applies under the plan.
Tax Benefits:
Tax benefits remain applicable according to prevailing tax regulations.
Axis Max Life Shiksha Plus Super Plan
Axis Max Life Shiksha Plus Super Plan is a child-focused Unit Linked Non-Participating Individual Life Insurance Plan structured around future education planning and long-term financial security for children.
Key Features of Axis Max Life Shiksha Plus Super Plan
Child Education-Oriented Structure:
The plan aligns long-term savings accumulation with future education milestones.
Family Income Benefit and Funding of Premium:
The policy includes family income payouts along with future premium funding after death of the life insured.
Eighteen Investment Fund Options:
Investment allocation spans multiple equity, balanced, and debt-oriented fund categories.
Systematic Transfer Plan and Dynamic Fund Allocation:
Two investment management mechanisms support protection against market fluctuations.
Partial Withdrawal Facility:
Partial withdrawals support emergency and unplanned financial requirements.
Policy Continuation Benefit:
The policy continues till maturity even after death of the life insured.
Flexible Policy Term Options:
Policy term choices include 10 years and 15 to 25 years depending on selected structure.
Why Buy an Axis Max Life ULIP Plans from Policybazaar?
Over 9 lakh customers have invested ₹12,400 Cr through Policybazaar
No hidden charges. All costs and returns are clearly disclosed
Certified advisors provide unbiased guidance based on your needs
IRDAI-regulated, ensuring advice is in the customer’s interest
Can I break the Axis Max Life ULIP Plan after 5 years?
Yes, you can choose to surrender your ULIP policy anytime, even after the 5-year lock-in period. Axis Max Life ULIP plan also allows partial withdrawal after the 5-year lock-in. It is typically capped at a certain percentage of the fund value.
Can I withdraw all money from Axis Max Life ULIP Plan after 5 years?
Yes, generally, after the 5-year lock-in period, you can withdraw the full amount from a ULIP (Unit Linked Insurance Plan). You can either surrender the policy and withdraw the entire fund value, or make partial withdrawals while letting the remaining amount be invested. However, charges may be deducted upon surrender, and withdrawals can impact the overall returns, especially if made early on.
Is it good to take the Axis Max Life ULIP Plan?
If you are doing your financial planning to achieve long-term objectives such as children's education, health benefit or retirement planning, Axis Max Life ULIP Plan is a beneficial option.
Are Axis Max Life ULIP Plans a good investment?
Whether Axis Max Life ULIP plans are a good investment depends on several factors and ultimately needs to be decided by you based on your individual circumstances and goals. Here are the advantages of Axis Max Life ULIP Plan to help you decide:
Offer a combination of life insurance coverage and investment funds
Market-linked returns
Tax benefits under Section 80C and Section 10(10D)
Offer various fund options with different risk profiles
Disclose their charges and fund performance regularly
What is the maximum limit of Axis Max Life ULIP Plan?
You can start investing in an Axis Max Life ULIP Plan with as low as Rs. 1000 through the best SIP plan. There is no upper limit of investment. However, the maximum limit is as per Board Approved Underwriting.
How to pay a premium? What are the modes of payment available?
The Axis Max Life Insurance company Ltd. offers 6 modes of premium payment namely:
Cash payment at the branch
Online Payment
ECS
NEFT/RTGS
IVR
Credit card Instructions
Direct Debit
EBPP
Payment at Axis Bank Branch
Payment at Axis Bank ATM
Your bank branch
Sky pack Drop boxes
For the online payment mode, the policyholder can pay via;
Credit Card,
Debit Card
Net banking
How can I check policy status for Axis Max Life ULIP plans?
Registered users can check policy status online. Login with your username and password on the LOGIN tab give on the company’s home page
What is the policy renewal process for Axis Max Life ULIP plans?
For policy renewal online follow these 3 easy steps
Step1: Enter your Client ID and Date of Birth to login into e-portal
Step2: Enter the policy details and payment method (Debit/Credit Card or Net Banking)
Step3: Save/print premium deposit receipt on successful payment intimation
Alterantively, you can pay via cash/cheque at any of the nearest branch.
What is the company’s process to settle claims for Axis Max Life ULIP ?
For claim settlement the nominee can visit the nearest branch with all the policy documents and the relevant claims form. The claims are settled within 10 working days from collection of all necessary documents for claim settlement.
What is the policy cancellation process for Axis Max Life ULIP plans?
For cancellation you need to visit the nearest branch in person with policy documents and surrender form. Upon successful proceedings, the refund will be directly paid in your bank account.
"Max life insurance company provides wide range of insurance policies. I purchased traditional insurance policy. Policy is perfect with many benefits and paybacks. Claims are very easy to cleared with help of the executives of the company. Online portal is for online renewals which is very easy to do."
SS
Saurabh
Badlapur, January 16, 2025
Very Nice
"I have the best policy plan from max life insurance. The benefits are many with low premiums. Policy coverage is 87%. Claims approx. Rs.31 L with easy procedure to get it. Good future investment which save taxes. Good behaviour of executives and staff members."
JK
Jiten
Porbandar, January 16, 2025
Wonderful
"Superb policy by max life traditional insurance policy plan. The returns are good ~Rs.36 L in very low premiums ~Rs.13 K quarterly. Service is fast which facilitate by executives and all company members with nice behaviour and quick response. Good future investments with tax saving.
"
HY
Harish
Nilagiri, January 16, 2025
Great Benefits
"I finally buy max life insurance traditional policy plan. Policy covers almost all cases and the amount of returns is around 36 L. Service provided by executives and staff members is fast and on time. Fantastic future investment which save taxes too. Good work guys.
"
DC
David
Bharatpur, January 16, 2025
Satisfactory
"I Bought max life insurance and took traditional insurance policy plan. The policy is average and the coverage is 75%. The claims are normal but the premiums are low. The service is okay which provided by the staff members. Good future investment and tax cutter also. Satisfied."
GA
Gaurav
Suratgarh, January 16, 2025
Just Go For It
"The policy i have is max traditional policy plan which is very good and the premiums are low with high in policy coverage 89%. The claiming part is very easy because the service is very fast with good response from the staff members. Nice future investment with tax savings."
JK
Jayant
Ludhiana, January 16, 2025
Best
"Buy traditional plans from max life insurance. The policy coverage is ~90%. Services provided by executives is awesome. Claims are good and done without any interruption. Overall fine life insurance which have low premiums. Nice future investment and it saves taxes also."
KV
Kamal
Navi_mumbai, January 16, 2025
Perfect Policy Plan
"I finally buy max life insurance traditional policy plan. Policy covers almost all cases and the amount of returns is around 40 L. Service provided is fast and on time. Good future investment which save taxes. Nice services facilitate by executives and staff members.
"
AS
Abhishek
Jorhat, January 16, 2025
Fantastic Plan
"Max life insurance is one of the best insurance company. I took traditional insurance policy plan which provide me best service and good returns. The premiums are low and the policy coverage is 81% with high claims. The behaviour is good from executives and staff members. Nice insurance plan. I like my policy plan."
YS
Yashu
Ulhas_nagar, January 16, 2025
Awesome
"Policy has all benefits and the investments are also low. Around Rs.36 L is payback amount. Max life insurance provide me traditional plan which has good facilities and the service is very quick. The up gradation details in policy is mailed to me time to time. The behaviour and service provided by the executive and staff members is awesome."
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment 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
