Axis Max Life unveils its Smart Value Income & Benefit Booster Plan - a versatile avenue that guarantees income, savings, and protection, tailored to individual needs.
Axis Max Life Announces Launch of Smart Value Income & Benefit Enhancer Plan
Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., has introduced a new offering - the Smart Value Income & Benefit Enhancer Plan. Effective May 5, 2025, this non-linked, non-participating individual life insurance savings plan aims to provide policyholders with a blend of guaranteed returns, instant liquidity, and protection.
The Smart Value Income & Benefit Enhancer Plan is designed to cater to diverse financial preferences by offering a combination of income certainty and protection. Policyholders can choose from different plan variants, payout modes, and optional benefits, ensuring a solution tailored to their unique needs. This comprehensive offering is suitable for individuals looking for a structured income stream with built-in assurance over the long term.
Key features of the Axis Max Life Smart Value Income & Benefit Enhancer Plan include:
- Guaranteed Returns: Policyholders can expect assured benefits along with life insurance protection, fostering long-term financial security.
- Variants: The plan offers three flexible plan variants: Insta Wealth, Future Wealth, and Insta Wealth Boost, enabling policyholders to select savings and payout structures aligned with their requirements.
- Customization: At the time of policy inception, customers can customize their policies by selecting premium payment terms, policy durations, income payout frequencies, and death benefit multiples.
- Flexi Income Benefits: Policyholders can accumulate survival and future income benefits for enhanced returns, starting from the first policy year.
- Extended Protection: A suite of optional riders, such as critical illness, accidental death, disability, and waiver of premium, strengthens the protection offering.
- Built-in Benefits: Additional benefits like Senior Citizen Benefit and Cover Continuance Benefit offer enhanced protection.
- Policy Continuance Benefit (PCB): An optional feature ensures that all future benefits under the Policy remain intact in case of the life insured's death, with no further premium payments.
- Loan Facility & Liquidity: Policyholders can avail of loan facilities against the policy and may also have the flexibility to advance their future milestone benefits during the income payout phase to meet immediate financial needs.
Vaibhav Kumar, the SVP and Head of Products & E-commerce at Axis Max Life Insurance, stated, "The launch of the Smart Value Income & Benefit Enhancer Plan reaffirms our commitment to providing dependable protection backed by guaranteed income. This product offers flexibility across every stage, allowing customers to manage and grow their income while ensuring life cover. By providing a comprehensive and adaptable solution that meets real financial needs in a predictable and reassuring manner, we aim to empower customers to manage both planned and unexpected life events."
The Axis Max Life Smart Value Income & Benefit Enhancer Plan offers customers a secure and smart choice for navigating their evolving financial journeys through guaranteed payouts, optional income accumulation, and flexible benefit structures.
For further information, please visit the company's website at www.axismaxlife.com. The plan is subject to terms and conditions of the Policy.
Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited, is a joint venture between Max Financial Services Limited ("MFSL") and Axis Bank Limited. For more details on risk factors, terms, and conditions, please refer to the prospectus thoroughly before proceeding with a sale. Tax benefits may be applicable to premiums and policy benefits, subject to prevailing tax laws. Contact the customer helpline at 1860 120 5577 for additional information.
The Axis Max Life Smart Value Income & Benefit Enhancer Plan is designed to offer policyholders a structured income stream with built-in assurance over the long term, catering to diverse personal-finance needs by providing a combination of income certainty and protection. This comprehensive offering from Axis Max Life Insurance, suitable for various business sectors and individuals, also includes optional benefits, flexible plan variants, and customization options, ensuring a tailored solution for each policyholder's unique needs.
