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Axis Max Life Smart Secure Plus Plan
Axis Max Life Smart Secure Plus Plan is a customisable term plan that offers comprehensive protection against critical illness, disability, and death. This term plan provides 360-degree financial protection to your family in your absence. To apply through Axis Bank Internet Banking/Axis Mobile App, click here. To apply using your registered mobile number, click here.
Features & Benefits
99.70%* Claims Paid
Assured financial protection, with 99.70%* claims settled in FY 24–25
Protection from Life-threatening Illnesses
Critical illness cover against 64 critical illness diseases, such as kidney failure, cancer, heart attack, etc. by opting for the Critical illness rider.
Tax Savings
Significant tax benefits under Section 80C, 80D and 10(10D) of Income Tax Act, 1961.
Return of Premium Option
Get back all the premiums paid with the premium back option
Waiver of Future Premium
Option to add on the benefit of future premium waiver in case of critical illness or disability
Protection up to 85 years
Get life cover up to the age of 85 years to safeguard the financial interests of your family member
Hassle-free Process
No Income proof or KYC asked for, and tele-based medical verification for quick issuance of eligible cases.
InstaClaim
Quick Claim Settlement with as fast as 1 day for eligible cases.
Claim Assistance
Dedicated relationship manager for any claim assistance to support quick claim processing.
Choose your tenure
Loan for every category of customer
Bank reserves the right to reject any application / renewal without assigning reasons thereof. It shall be the sole right of the Bank to consider the proposal on case to case basis after taking into consideration, the credentials / credit worthiness of each of the customers.
The overdraft facility shall be renewed only after all the required documentation and lien marking formalities are complete.
The applicant will undertake to inform the Bank as and when there is a change in address or employment.
* The Terms & Conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Bank's discretion.
Terms & Conditions
The Bank shall provide acknowledgement for receipt of all loan applications indicating the time frame within which the application will be disposed of.
The Bank shall verify the loan application and if additional details / documents are required, these will be sought from the applicant.
For all categories of loans and irrespective of any threshold limits, the Bank will be expected to process the application without delay. In case the application is turned down, the Bank will convey in writing to the applicant the reasons for rejection within one month.
EDGE REWARD Points
The sanctioning authority will be expected to ensure proper assessment of the credit application as per the extant instructions and credit policy of the bank. The availability of adequate margin and security will not be a substitute for due diligence on the creditworthiness of the customer.
All the Terms & Conditions and other caveats will be duly communicated by an authorised official of the Bank to the customer in writing.
The acceptance of the customer will be obtained on the sanction letter with the customer's signature under the caption "I/WE ACCEPT ALL THE TERMS AND CONDITIONS WHICH HAVE BEEN READ AND UNDERSTOOD BY ME/US".
A copy of the loan agreement along with all the enclosures quoted in the loan agreement will be furnished to the customer at the time of issue of the sanction letter.
The sanction letter / loan agreement will clearly state that the credit facilities will be extended solely at the discretion of the Bank and that drawings under the following circumstances will be solely at the discretion of the Bank.
- Drawings beyond the drawing power / sanctioned limits
- Honouring of cheques issued for the purpose other than specifically stipulated in the sanction
- Drawings in an account once it is classified as NPA
- No drawings will be allowed in case of non-compliance of the terms and conditions by the borrower
- Meeting further requirements of the borrower on account of growth in business will be subject to proper review of the credit limits
Insurance Coverage
The disbursement will be done immediately on compliance of all the Terms & Conditions of the sanction by the borrower and the branches need not refer to the sanctioning authority for disbursement.
Any changes in the terms and conditions of the sanction such as interest and charges will be notified to the borrower before effecting the changes.
Any changes in interest rate and charges will be effected only prospectively after giving due notice to the borrower.
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The post disbursement supervision, such as submission of periodical reports and periodic inspection, will be stipulated at the time of issue of the sanction letter. The sanction letter would also mention whether the Bank or the borrower will bear the cost of inspection.
The Bank will issue notices to the borrowers in advance in case the Bank decides to recall the advance / accelerate the payment / accelerate the performance under the loan agreement. Or seek additional securities.
The Bank shall release all securities on receiving payment of loan. However, the Bank may decide to exercise the right to set off any legitimate right or lien for any other claim against borrower. In case the Bank decides to retain the security, the borrower will be notified about the remaining claims and the documents under which the Bank is entitled to retain the security till the relevant claim is paid / settled.
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The Bank will not interference in the affairs of the borrowers except where provided for in the Terms & Conditions of the loan sanction documents, such as periodic inspection, scrutiny of books of accounts, verification of stocks and book debts, and scrutiny of QIS statements.
In case any information not disclosed earlier by the borrower has come to the notice of the Bank, the Bank will have the right to elicit the necessary information from the borrower and initiate action to protect its interest.
While, the Bank may participate in credit-linked schemes framed for weaker sections of the society, the Bank shall not discriminate on grounds of sex, caste and religion in the matter of lending.
In the matter of recovery of loans, the Bank shall not resort to undue harassment such as persistently bothering the borrowers at odd hours and use of muscle power.
In the case of receipt of request for transfer of borrowal account, either from the borrower or from other banks / FIs which propose to take over the loan, the Banks' consent or objection, if any, shall be conveyed within 21 days from the date of receipt of request.
In case of an emergency, block your Debit Card instantly
Though the sanction of the loans will be at the sole discretion of the Bank, borrowers will have an opportunity to appeal against the decision of the Bank's functionaries. Any such grievance received from the borrower will be heard and disposed of by the next higher authority. For this purpose the following review structure is available to the borrower.
Grievance against Decision of and Reviewing Authority:
Branch Head - Zonal Head
VP/AVP - Zonal Head
Zonal Head - President (Credit) for corporate advances. President (Merchant Banking) for capital-market related advances. Senior Vice President (Retail Banking) for retail advances.
Corporate Credit and Retail Loans (under Retail Banking) - Executive Director.
All Others - Chairman and CEO
Steps to buy
You can apply for the policy via Axis Bank Internet Banking , Axis Mobile App or by simply using your registered mobile number
To apply through Internet Banking:
Key steps to follow for internet banking for the Axis Max Life Smart Secure Plus Plan.
- 01
Step 1
Login to your internet banking portal.
- 02
Step 2
Click on "Apply Now."
- 03
Step 3
Select Insurance.
- 04
Step 4
Click on Apply Now.
- 05
Step 5
Click on the "Buy Now" button for Axis Max Life Term Insurance Plan.
To apply through Axis Mobile App:
Key steps to follow through Axis Mobile App for Axis Max Life Smart Secure Plus Plan.
- 01
Step 1
Login using your MPIN.
- 02
Step 2
Select 'Insurance' under 'Apply Now' under 3 Bar Menu.
- 03
Step 3
Click the "Buy Now" button for Axis Max Life Term Insurance Plan.
To apply through a Registered Mobile Number:
Key steps to follow through registered mobile number for Axis Max Life Smart Secure Plus Plan.
- 01
Step 1
Click here to initiate the journey.
- 02
Step 2
Enter your Registered Mobile Number, and click on Submit.
- 03
Step 3
Enter OTP received on your registered mobile number & then click on Agree & Proceed.
Frequently Asked Questions
Typically, it is suggested that the sum assured in a term plan should be at least ten times your annual Income. But you can increase it to 15-20 times.
While choosing life cover, you need to take into account your financial liabilities, such as home loan, car loan, personal loan, and others. Also, consider your dependents and figure out an estimate of the amount of money they would require for their future needs, such as children's education or parent's medical expenses.
Axis Max Life Insurance offers term insurance plans that you can buy for different life stages -
- If You are Single
Your parents may be dependent on you, currently or in future. Hence, it is essential to secure their lifestyle during retirement by buying a suitable term plan. - If You are Married with No Kids
Your spouse may be entirely or partially dependent on you financially, It is essential to secure his/her lifestyle in your absence by buying term insurance at the right age. - If You are Married and Have Kids
Your kids' education expenses and that of their marriage are two essential goals that you need to plan for. Besides, you would also want your life partner to maintain the lifestyle even in your absence. Our term plans provide benefits to cover all these aspects.
From an eligibility perspective, a person aged 18 years can buy a term plan. Maximum entry age may vary from one insurer to the other. With Max Life Insurance, the maximum age to purchase the term plan is 60 years for regular pay.
If a customer is with Axis today and buys a Smart Secure Plus Plan with AMLI, 2 years from now if he stops being Axis Customer, policy will continue in his name and he can keep paying.
To know more about premiums and tenures, visit our website:
Click here
For details about nominee-related queries, like why you should have a nominee, who can be a nominee, etc, visit this link:
Click here
To know more about different kinds of riders available, contact using the link:
Click here
Yes, Axis Max Life Term Insurance Plan provides the option of 4 add-on covers, which are Critical Illness Benefit, Accidental Death Benefit, Waiver of Premium Option and Total Return of Premium Option. Needs to be selected at the time of solicitation of policy.
Term insurance covers both natural and accidental death. We will pay the deceased's family the sum assured chosen at the time of buying the policy, irrespective of the cause of death.
However, there are specific exclusions as well. For instance, if death happens on account of suicide within one year of buying the policy or if material facts have not been disclosed at the time of purchasing the policy, then the claim can be denied.
For detailed information on such terms and conditions, please read the policy documents carefully
Anyone between the age of 18 and 65 years is eligible to purchase a term plan. Term plan serves as an income replacement tool for your family in your absence.
Yes, multiple covers under Max Life Smart Secure Plus Plan can be issued to a customer ((Subject to Underwriting))
You can apply for the policy via Axis Bank Internet Banking or the Axis Mobile App.
To apply through Internet Banking
- Login to your Internet banking portal
- Click on "Apply Now"
- Select insurance
- Click on Apply Now
- Click on the "Buy Now" button for Max Life Term Insurance Plan
To apply through the Axis Mobile App
- Login using your MPIN
- Select 'Insurance' under 'Apply Now under 3 Bar Menu
- Click the "Buy Now" button for Max Life Term Insurance Plan
To apply using your Registered Mobile Number and OTP
- Click here to initiate the journey
- Enter your Registered Mobile Number, and click on Submit
- Enter OTP received on your registered mobile number & then click on Agree & Proceed
When buying a term plan, you need to provide the following documents:
Age Proof: PAN Card, voter's ID, passport, driving license, school/college passing certificate, birth certificate
Address Proof : Utility bill, passport, voter's ID, landline telephone bill, ration card, electricity bill, bank A/C statement, a letter from recognised Public Authority
Photo Identity Proof: Driving license, voter's ID, passport, PAN card, a letter from recognised Public Authority or public servant with photograph verifying the identity and residence, Aadhaar Card, recent passport size photograph
Income Proof Salary slip, Form 16, ITR/Assessment Order/Employers Certificate.
You may also have to provide medical reports in case our insurance team asks for the same.
- Customer Service Number 1860-120-5577
- Customer Service Timings: 09:00 AM 09:00 PM Monday to Saturday (except National holidays)
Renewal is till the end of premium payment terifi. Max Life Smart Secure Plus Plan offers maximum coverage till 85 years. If the customer is for instance, 35 years and opts for coverage till 85 years in a regular pay plan, renewal will happen till 50 years of policy term. NOT till life time in case customer lives beyond 85 years of age.
While calculating the premium for a term plan, we consider factors, such as your age, annual income, health condition and whether you are smoker/non-smoker. The final premium payable is based on these factors and the life cover you choose for a specific premium payment tenure
You can claim tax exemption up to Rs 1.5 lakh on the premium paid for a term plan, under Section 80C of the Income Tax Act. The only condition is that the chosen sum assured should be ten times the premium paid. Besides, the insurance benefits (sum-assured) received in a term plan are tax-exempt
Similarly, for critical illness benefits, you can get tax benefits for up to Rs 25,000 under Section 80D.
Term plan pays a fixed amount on the death of the policyholder. The money can be used for any purpose, including paying off existing loans, such as home loans and car loans. One main reason to buy a term plan is to safeguard your family from financial liabilities in your absence.
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