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Axis Max Life Insurance 1 Crore Plan

With many novel diseases surfacing, life seems to be fleeting with every second. Amidst this, the most fearful thing is thinking about your family's future if you succumb to one of such life-threatening ailments. Beside dealing with the basic costs of living, your family would need financial support in your absence if you are the sole earning member.

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Life insurance is a way to make sure your family is not financially troubled in your absence. Axis Max Life Insurance 1 crore plan provides coverage of Rs. 1 crore for securing your family's future.

Features

The Axis Max Life Insurance 1 crore plan offers its customers financial coverage of Rs 1 crore. Such an amount is sufficient for your family to lead a fulfilling life without external monetary help. The policy has certain features which you should know before purchasing the policy.

They are as follows:

The policy provides financial coverage of Rs 1 crore.
It is the basic life insurance plan from Axis Max Life Insurance which can be purchased by visiting its online portal.
The insurance premium starts as low as Rs 493, depending upon your age.
The policy offers coverage up to 85 years.
The basic plan provides financial support in the event of the death of the policyholder.
The policy can be customized according to the requirements of the policyholder.
It also covers critical illness and disability suffered by the policyholder.
Axis Max Life Insurance Online Term Plan offers rider benefits for accidental misfortunes.
If the policyholder survives the policy term, they would be entitled to receive the entire premium they had paid during the term.
The death benefit plan can be chosen between a lump sum payout and an increasing monthly income.

Benefits

The Axis Max Life Insurance 1 crore Plan has several benefits when it comes to providing financial stability to your loved ones after your death.

Some of them are as follows:

Axis Max Life Insurance Company offers extremely affordable and low-cost insurance policies.
Axis Max Life Insurance will provide considerable discounts if the policyholder opts for a higher assured sum of insurance.
The Axis Max Life Insurance 1 crore Plan can be bought online with the help of simple procedures prescribed by the company.
The policy offers a 30-day free look period. Within this period, you can terminate the insurance policy without being charged with any penalties.
You can also avail of tax benefits for insurance premium payment under the Income Tax Act, 1961.
If you are a non-smoker, the company will offer you special premium rates for the policy. Women are offered discounts and lowered rates of premium.

Eligibility

The following table shows the eligibility criteria prescribed for purchasing the Axis Max Life Insurance 1 crore Plan:

Basis	Eligibility
Minimum entry age	18 years
Maximum entry age	For Regular Pay: 60 years For Pay Till 60: 44 years
Maximum maturity Age	For Base Death Benefit: 85 years For Accelerated Critical Illness: 75 years For Accidental Cover: 85 years

Documents Required

The following documents are required for availing of the Axis Max Life Insurance 1 crore Plan:

For Identity Proof (one of the following):
- Aadhaar Card
- Pan Card
- Form 60
- Voter ID
- Passport
For Address Proof (one of the following):
- Current Utility Bill
- Letter of allotment of accommodation by the employer
- Property Tax Receipt
- Municipal Tax Receipt
For Income Proof (for professionals):
- Form 16
- Last 3 months Bank Statements
- Last two year’s Income Tax Returns
For Income Proof (for self-employed):
- Form 26 AS
- Income Tax Returns (last two years)
- Balance Sheet and Profit & Loss Statement

How to Purchase Axis Max Life Insurance 1 Crore Plan?

You can follow the steps given below to purchase the Axis Max Life Insurance 1 crore Plan:

Visit the official website of the Axis Max Life Insurance Company.
On the web portal, you will see an option to use the premium calculator required to calculate the sum assured for the policy.
By filling in some basic details regarding your age, income, and other details, the calculator would show the sum assured for policy. The assured sum for this particular policy would be Rs 1 crore.
The next step would be to add any additional benefit of your choice. You would have to decide upon additional benefits by careful analysis of your needs.
Next, you would have to fill in the necessary fields and submit all the required documents.
The last step would be to choose the method for premium payment.

FAQs

Does the Axis Max Life Insurance 1 crore Plan offer a grace period?

Ans: Yes, the Axis Max Life Insurance 1 crore Plan offers a grace period of 15 days if you fail to pay the monthly premium.
What is the process of filing a claim at Axis Max Life Insurance?
Ans: The following are the steps to file a claim with Axis Max Life Insurance:
- Inform your nearest Axis Max Life Insurance branch about the death of the policyholder.
- Send an e-mail to the claims department of the company.
- Submit all the documents related to the claim to your assigned agent.
- After evaluating the documents, the company would grant your claim.
What are the tax benefits for policies under Axis Max Life Insurance?

Ans: Premiums up to a sum of Rs 1,50,000 are exempt from income tax under Section 80C. Also, all claims are exempt under Section 10(10D) as per the Income Tax Act, 1961.
What can I do so that I do not forget to pay my premium every month?

Ans: Fortunately, Axis Max Life Insurance provides a facility under which you can opt for receiving reminders from the company 2-3 days before the due date. In this way, you won't forget to pay your premiums. The reminders would also help you ensure sufficient balance in your account before the payment.
What is the minimum and maximum sum assured for Death Benefit?

Ans: The minimum sum assured for Death Benefit is Rs.10 lacs to Rs.25 lacs. On the other hand, there is no limit for the maximum sum assured for Death Benefit.
How to calculate the term insurance premium online?

Ans: You can easily calculate the term insurance premium online by using the term plan calculator online tool
What are the benefits of term life insurance?
Ans: Here are 4 common benefits of term insurance:
- Low premium rates
- Tax Benefits
- Death Benefit
- Long term coverage
What are the key features of term life insurance?
Ans: Below mentioned are the key features of a best term insurance policy in India:
- Affordable premium rates
- Long-tenure life protection
- Easy to understand and buy
- Riders availability
- Whole life protection
- Tax benefits
What are the key features of a best term insurance plan in India?

Ans: Let's understand what is term life policy here. Term insurance offers financial protection for a certain period to the policyholder, thereby, offering a lump sum payout if the policyholder unfortunately passes away during the policy term.

Explore the popular searches and stay informed

˜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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