Axis Max Life Smart Fixed-return Digital Plan
The Axis Max Life Smart Fixed-Return Digital Plan is a non-linked savings plan offering guaranteed returns with life insurance coverage. It provides flexible variants—Gold, Platinum, and Titanium—catering to different financial goals with single or regular premium options. The plan ensures financial security with life cover and fixed returns over a 5 or 10-year term.
Axis Max Life Smart Fixed-return Digital Plan
How does Axis Max Life Smart Fixed-return Digital Plan Work?
Axis Max Life Smart Fixed-return Digital Plan is an all-rounder plan having an array of features and benefits to offer to the customers:
A guaranteed*# corpus is given as maturity benefit once the policyholder survives the policy tenure (policy term). The maturity benefit is the sum total of the following components.
- Sum Assured on Maturity
- Accrued Guaranteed Additions applicable only for Titanium variant
- Additional Maturity Benefit on account of paying higher premiums
- Additional Maturity Benefit available specially for female customers
For all variants, Maturity Benefit includes the additional benefit payable on account of paying higher premiums. For Titanium variant, Maturity Benefit also includes the guaranteed additions which get accrued on payment of all due premiums.
Tax benefits may be applicable as per the prevailing tax laws.
Getting a loan can get easier with Axis Max Life Smart Fixed-return Digital Plan. In case of any emergency, you can secure a loan against the policy.
With Axis Max Life Smart Fixed-return Digital Plan, you don’t need to worry about how the market is functioning as this plan offers you guaranteed returns at the time of maturity.
As the plan acts as a life insurance product, you also have the option to choose suitable riders to get the maximum benefits possible. The death benefit payable to the nominee would be at least 11 times of the annualized premium for Platinum and Titanium variants. For Gold variant, you can choose to get covered for 1.25 times or 10 times of the single premium when single life is covered.
In order to encourage women to buy insurance cum savings products, Axis Max Life has introduced special benefits for women. This includes offering additional maturity benefits to females as compared to male customers of the same age.
- 0.25% of additional maturity benefit for a policy term of 5 years and
- 0.5% of additional maturity benefit for a policy term of 10 years
Buying Axis Max Life Smart Fixed-return Digital Plan is not at all a hassle. The purchase journey is short, quick hassle-free. Here’s how you can buy Axis Max Life Smart Fixed-return Digital Plan:
- Step 1: Decide the amount of investment you want to make.
- Step 2: Choose the payment mode and the variant of the plan.
There are three variants of the plan available:
- Gold Variant: The gold variant of the plan is the basic variant wherein you are required to pay the premium only once. Against which, you are provided with a guaranteed lump sum at maturity. The policy term of this variant of the plan is 5 years or 10 years; you can choose the one that suits your requirements and financial goals the most.
The variant also offers a life-insurance feature wherein the life insurance benefit of 1.25 times or 10 times of the Single Premium as chosen by you. The customer also has the option of opting for a joint cover. - Platinum Variant: The platinum variant of the plan requires the policyholder to pay the premium for 5 years. Against this, the policyholder is guaranteed*# a lump-sum payment at the end of the policy term. The policy term of the policy can be 5 or 10 years, as chosen by you.
A life insurance benefit is also an exciting feature of the variant wherein the life insurance benefit is equal to 11 times the annualized premium. - Titanium Variant: The titanium variant of the Axis Max Life Smart Fixed-return Digital Plan requires the policyholder to pay the premium for 5 years. The policyholder is then guaranteed*# a lump-sum payment at maturity. Policyholders have the option to select the policy term of 5 years or 10 years.
An attractive feature of this variant of the plan is that apart from the lump-sum benefit guaranteed, policyholders also get guaranteed additions which accrue once you have paid all the premiums due to be paid by you. - Step 3: Choose your Policy Term
- Step 4: Submit your documents with the proposal form to receive your policy.
Axis Max Life Smart Fixed-return Digital Plan is ideal for anyone who is looking to build a savings corpus as well as desires financial protection through life insurance. The plan gives the best of both worlds, a maturity benefit if you survive the term, and a death benefit that can act as a financial net for your family in case the worse happens. On top of it, the Axis Max Life Smart Fixed-return Digital Plan offers you the sum more than you invested.
In addition to that, Axis Max Life Smart Fixed-return Digital Plan is also ideal for risk-conservative investors. Investment in this plan is completely safe and unaffected by market fluctuations. It means, that even if the market is crashing down, you will get the return you were promised.
Lastly, the plan is also ideal for women as they can get special benefits specially curated for them. Women policyholders can get additional maturity benefits than men of the same age. These additional benefits include a 0.25% of additional maturity benefit for a policy term of 5 years and a 0.5% of additional maturity benefit for a policy term of 10 years.
Married couples who are looking to start a family or have a family can also get the gold variant of the Axis Max Life Smart Fixed-return Digital Plan. The gold variant of the plan offers joint life insurance.