Axis Max Life 8-Year Life Insurance: The Smart Route to Mid-Term Financial Protection

Life insurance doesn’t always have to be a lifelong commitment. An 8-year policy can be perfect if your short- to medium-term goals include making sure your family is safe during key earning years or paying for your child's education. The Axis Max Life 8-Year Life Insurance Plan gives you life insurance for a set eight-year period. This protects your finances and gives you freedom without tying you to a long-term policy. It's a good choice for people who want to find a balance between coverage, cost, and length of time.

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What is the 8-Year Plan for Axis Max Life Insurance?

The Axis Max Life Insurance 8-Year Plan is a good option for people who need life insurance for a medium amount of time. It lasts for eight years. It's for people who need short-term coverage, like to protect their family during important income years, save money for a child's education, or pay their bills until they retire. In short, it's a type of term plan with an eight-year policy term. The nominee gets the full amount if the policyholder dies during this time. This makes sure that the policyholder's money is safe when they need it most.

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⁺

Why do you want the Axis Max Life 8-Year Life Insurance Plan?

A short-term, set promise

The Axis Max Life Insurance Plan is a good choice for people who want a policy that lasts for a set amount of time. It lasts for 8 years. The premium payment term is only 8 years, so you can reach your financial goals in a clear amount of time without having to make long-term commitments.
Set Financial Goals

A plan for eight years is a good way to reach mid-term goals like paying off debts, sending a child to school, or making sure your family is safe during important years when you can make money. It connects important financial steps with certain forms of protection.
Full Coverage

Life insurance will cover you fully for the entire term of the policy. If you die during the 8-year period, your nominee will get the full amount of the policy. This will help keep your family's money in order.
Tax Advantages

Section 80C lets you deduct premiums paid, and Section 10(10D) of the Income Tax Act says that the nominee's death benefit is usually not taxable (according to current laws).
Dependable and honest

Max Financial Services and Axis Bank work together to run Axis Max Life Insurance. It has a high claim settlement ratio of 99.70% (FY 2024–25), so policyholders can be sure that their claims will be handled.

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Best-Suited Axis Max Life Options for 8-Year Duration

Axis Max Life Smart Secure Plus Plan

This term insurance plan offers flexible options and can be customized to suit short- to long-term needs, including an 8-year coverage window.

Key Features:

Multiple Benefit Options – From pure protection to return-of-premium variants.
Exit Options – Leave the plan early with benefits if your circumstances change.
Special Features for Women – Additional protection layers and premium discounts for female policyholders.

Eligibility Conditions

Here are the eligibility conditions you need to meet before buying the Axis Max Life Smart Term Plan Plus:

Parameters	Minimum	Maximum
Entry Age	18 years	44 – 65 years (depending on different variants)
Entry Age for Maternity Cover	18 years	40 years
Maturity Age	28 years	85 – 100 years
Sum Assured	All Variants: 5 Lacs Maternity Cover: 2 Lacs	All Variants: No limit Maternity Cover: 10 Lacs

Who Should Buy Axis Max 8 year Plan?

The Axis Max Life 8-Year Plan is a great choice for:

Young professionals who want to keep their dependents safe while they are still in school.
Parents who plan to pay for their kids' school or other important events in the next ten years.
Business owners who need short-term protection while they build or stabilize their businesses.
People who are close to retirement and want short-term protection without having to sign a long-term policy.

Wrapping It Up

The Axis Max Life 8-Year Insurance Plan is all about smart planning. This plan protects you without the stress of a long-term commitment, whether you're protecting your family while you build your career, filling a financial gap before retirement, or getting ready for new responsibilities.

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FAQs

Q. Is 8 years really enough for life insurance coverage?

Ans: Yes, for many people! If you have specific financial responsibilities coming up—like paying off a loan, funding education, or covering your family's needs while you grow your income—an 8-year plan offers timely and targeted protection without locking you in long-term.
Q. Can I stop paying premiums if I no longer need the plan?

Ans: To keep the policy in effect, you will have to pay premiums for the full eight years. If you stop early, the policy may end, and you won't be covered anymore. As long as you keep it active, you'll be safe, just like a subscription.
Q. How is this different from a life insurance policy that lasts 20 or 30 years?

Ans: The main difference is that one is easier to change. A long-term plan keeps you locked in for decades, which may not be good for everyone. This eight-year plan is great if you want good protection without having to pay high premiums for a long time or make a long-term commitment.

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

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

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