Axis Max Life Maxis Super Plan is a Unit Linked Insurance plan with dual benefit of wealth maximization and life insurance coverage under a single plan
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
55 years |
Maturity Age (Last Birthday) |
- |
70 years |
Policy Term (PT) in years |
15 |
|
Premium Paying Term (PPT) in years |
7 Pay or 10 Pay |
|
Yearly Premium |
35,000 |
No limit |
Premium Payment Frequency |
Annual |
|
Sum Assured |
385,000 |
No limit |
Annual Premium in Rupees and Benefit Illustration for a term and PPT of 20 years
Age (years) |
Premium |
7 Pay |
10 Pay |
||
Fund Value @ 4% |
Fund Value @ 8% |
Fund Value @ 4% |
Fund Value @ 8% |
||
30 |
50,000 |
404,020 |
654,631 |
580,654 |
884,937 |
35 |
75,000 |
591,628 |
963,874 |
856,579 |
13,09,333 |
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Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.
˜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
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ