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What is ULIP Plan?
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What is ULIP?

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Unit Linked Insurance Plan or ULIP is a financial product that combines the benefit of life insurance along with investment into a single plan. When you invest in a ULIP, a part of your money goes towards providing life cover benefit, and the remaining money is invested in funds that can help grow your wealth. show less...Read More

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Unit Linked Insurance Plan or ULIP is a financial product that combines the benefit of life insurance along with investment into a single plan. When you invest in a ULIP, a part of your money goes towards providing life cover benefit, and the remaining money is invested in funds that can help grow your wealth. show less...Read More

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Written bySumit Narulaverification-badge
Investment Writer
Sumit Narula is a financial writer with 10+ years of experience in writing about investment products. He has covered ULIPs, mutual funds, and retirement plans across fintech firms and insurers like Axis Max Life.linkdin-icon
Published 27th November 2025
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Reviewed byPrateek Pandeyverification-badge
Last Modified 29th July 2026
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Prateek Pandey comes with 6+ years in the financial services industry and has led strategy for investment products like ULIPs, mutual funds, and retirement plans. His deep understanding of investor behavior ensures customer gets through understanding before decision making.linkdin-icon
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ULIP CalculatorULIP PlansGST on ULIPULIP vs SIP

What is ULIP Plan?

A ULIP is a dual benefit insurance plan that combines the protetcion of life insurance with long-term wealth creation through market-linked investments. A portion of your premium is used to provide life cover, and the remaining amount is invested in market-linked assets.

Unlike traditional insurance plans, ULIPs provide you with the flexibility to invest in equity, debt, or hybrid funds based on your financial goals. ULIP plans may suit individuals with moderate-to-high risk appetite looking for long-term wealth creation and tax-efficient investment options.

1. Premium Allocation

ULIP premium is split into two portions after deduction of any applicable fees and charges:

  • One portion is used to provide life insurance cover benefit, including risk cover. This provides a sum assured to your nominees in case of your demise within the policy period.
  • The remaining portion is allocated towards one or more funds of your choice. This portion is ultimately invested in various market-linked instruments such as equity stocks, corporate bonds, government securities, etc.

2.Fund Options

ULIP fund options are categorised by risks, which can be summed up as follows:

  • Equity funds: These funds primarily invest in equity-oriented instruments. These are prone to high level of risk, however capable of providing inflation-beating returns in the long-term.
  • Debt funds: Invest mainly in fixed-income securities such as government or corporate bonds. These investments are typically less volatile than equities, however returns tend to be relatively low.
  • Balanced/Hybrid funds: This type of fund is a mix of both equities and debt. The goal is to provide a blend of reduced volatility and inflation-beating returns to the investor.

3. Units & NAV (Net Asset Value)

In ULIP plans, your investment works like mutual funds through units and NAV. The number of units you hold represents your ownership in the fund. NAV is the price per unit, which is calculated daily.

4. Maturity Benefits

Maturity benefit is payable on survival till the end of the policy term. It is equal to the “Fund Value” on the maturity date. The insurer pays the maturity benefit in the form of a lump sum, which is credited directly to your bank account.

How do ULIPs Work?

Before investing in a ULIP, you need to understand what is ULIP and how it works. You need to understand its features like protection, charges, risks, and market-linked return potential. ULIPs work in a few steps, and every investor needs to understand them clearly.

Here is a detailed overview of the working of a ULIP:

1. Premium Payment

The first thing that you need to understand is ULIP premium. You can pay the ULIP premium monthly, quarterly, or annually. After deducting applicable charges, part of the premium is paid for life insurance cover, and the remaining amount is allocated to the chosen market-linked funds. This ensures both protection and wealth creation in a single plan.

2. Fund Allocation

ULIP premium is invested in equity, debt, and hybrid funds based on the investor’s financial goals, and risk appetite. Equity funds involve high risks but offer high returns too. On the other hand, debt funds are low risk but offer stable returns. Hybrid funds are a mixture of debt and equity, ensuring moderate risk.

3. ULIP Fund NAV

The growth of your investment depends on the NAV (Net Asset Value) of the ULIP fund that you have selected, which reflects its per-unit market value. NAV is subject to daily fluctuations based on the fund's underlying assets, such as stocks or bonds, which directly affect your returns. A rising NAV over your holding period can indicate fund growth, but NAV alone should not be used to compare different ULIP funds.

4. Insurance Cover

A part of your ULIP premium is allocated for life insurance, which ensures that your nominee will receive a lump sum payout in case of your demise. The sum assured helps cover your family's expenses, your child's education, debts, and maintenance of their lifestyle, even in your absence. Thus, a ULIP ensures both financial security and long-term growth.

5. Flexibility of Investment

ULIPs empower you to adapt to changing needs by switching between equity, debt, or balanced funds, or opting for partial withdrawals after a ulip lock-in period. This lets you realign with goals like retirement or a child's education without exiting entirely.

6. Charges

ULIP includes deductions for fund management fees, premium allocation expenses, mortality charges, etc. Such charges can reduce your overall returns. So, when purchasing a ULIP plan, review the policy documents carefully to know what is ULIP plan, along with various applicable charges to avoid them.

7. Returns

Returns from your ULIP fund depend on your fund choice and market conditions. Equity funds offer huge returns, but they are subject to market volatility. However, debt funds ensure stable returns with less volatility. Holding your funds for the long term helps maximise wealth through compounding.

What are the benefits of investing in a ULIP Plan?

Investing in a ULIP plan helps provide life cover along with long-term wealth creation. You can make investments aligned with your financial goals and risk appetite to maximise returns. Here are some of the notable benefits of investing in a ULIP plan:

Provides Dual Benefit

ULIPs offer double benefits, as they allocate a portion of your premium to life insurance and the remainder to market-linked funds, such as equity or debt. Thus, it ensures your family’s financial security in your absence, as well as potential wealth generation.

Offer Tax Benefits

Premiums paid for ULIPs may qualify for deduction under Section 80C up to the overall limit of ₹1.5 lakh, subject to applicable conditions and the old tax regime. Death benefits are generally tax-free under Section 10(10D). Maturity proceeds are tax-free only if the policy meets the conditions under Section 10(10D). Additional conditions to meet include the premium-to-sum-assured rule and, for ULIPs issued on or after 1 February 2021, the annual aggregate premium should be less than₹2.5 lakh.

Flexible

A ULIP allows you to choose where to invest your funds. You can opt for equity, debt, or hybrid funds. You can even switch between them as per the market trends. Besides, you can make partial withdrawals after the 5-year lock-in period ends to cover emergencies.

Helps in Long-term Wealth Creation

ULIP plans are designed to meet your long-term financial goals, like your child's education, retirement, and purchasing a home. They generate wealth based on how the market performs and compound your investments in future.

ULIPs have a mandatory 5-year lock-in period, which encourages long-term investing. However, returns are market-linked unless the product offers guaranteed benefits specifically.

Offers Market-Linked Growth Potential

If you invest in equity-oriented ULIP funds, you can get higher annual returns than fixed deposits and other traditional savings schemes. Moreover, as you can switch between funds based on the market performance, the potential for growth is higher than in case of FDs.

Provides Protection for Family

Another advantage of ULIP is life insurance coverage. It provides comprehensive financial protection for your family in your absence, enabling them to lead lives with their current lifestyle. Your beneficiaries can claim the sum assured for financial support, while the investment corpus continues to grow to build a legacy.

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Types of ULIP Plans Available in India

Currently available ULIPs in India are typically clasified based on the specific life goals they are designed to achieve. Different types of ULIP plans in India include the following:

1. Pension ULIPs

A pension or Retirement ULIP focuses on building a retirement corpus. At maturity, you can take a lump sum or use a part of it to buy an annuity plan for regular income. Such plans also allow fund switches, enabling you to modify your investments based on market conditions or life stages.

2. Education ULIPs

Education or Children ULIPs are designed for a child’s future needs, like education or marriage. They offer add-on benefits such as waiver of future premiums in the case of demise of the parent/guardian during the policy term.

3. Wealth Creation ULIPs

This type of ULIP focuses on long-term capital appreciation for goals like buying a house, wealth building, or legacy planning. Such plans can be an ideal choice if you are in your 20s or 30s and wish to generate capital in the long run.

4. Protection-Oriented ULIPs

Health- or Protection-Oriented ULIPs might include certain riders for critical illness or enhanced health benefits. Although such plans do not replace a comprehensive health insurance policy, they can provide an additional financial cushion in case you are diagnosed with a critical illness.

Key Features of ULIP Plans Explained

ULIP are a unique type of life insurance that offers wealth creation benefits. Mentioned below are some key features that set ULIPs apart from other life insurance offerings in India:

1. Dual Benefits

ULIPs provide both protection and wealth creation in a single plan. A portion of your premium goes towards life insurance cover, while the rest is invested in market-linked funds. This dual structure offers financial security along with a maturity corpus for long-term goals.

2. Choice of Funds and Flexibility to Switch

ULIP offers a wide range of fund options, which are based on your risk appetite and goals. Some of the fund options are: Equity funds, Debt funds, and Balanced/Hybrid funds.
Another major feature of ULIP is the freedom to switch between funds. You can switch multiple times within a year. Many ULIPs offer the benefit of unlimited free fund switches.

3. 5 Year Lock-In Period

All ULIPs have a mandatory lock-in period of 5 years. During this period, you cannot surrender your policy or make partial withdrawals, except in case of death. After 5 years, partial withdrawals are usually allowed, subject to conditions. The lock-in promotes long-term discipline and helps your investments benefit from the power of compounding.

4. Transparent Charges

The charges in ULIPs are disclosed upfront at the time of policy purchase. Common charges include:

  • Premium Allocation Charge
  • Mortality Charge
  • Fund Management Charge
  • Policy Administration Charge
There is a cap on the overall charges, which is aimed at protecting policyholders.

5. Death and Maturity Benefits

ULIP offers both death and maturity benefits. Here is closer look at how the maturity and life cover benefits if a unit linked insurance plan work:

  • Death Benefit: Nominees typically receive the higher of the sum assured or the accumulated fund value.
  • Maturity Benefit: If you survive the policy term, you receive the fund value.

How to Choose a Suitable ULIP Plan?

Selecting a suitable ULIP plan requires careful consideration of the following elements:


  • Evaluate Your Goals: Evaluate financial goals, such as buying a house, starting a business, children’s education, and others, to calculate the actual amount needed to achieve them.
  • Choose the Right Insurance Cover: Consider the financial needs and debt obligations to select the accurate insurance policy. It will help you meet your goals on time without any hassle.
  • Long-Term Investments: The most important factor involved in maximising your returns is the investment period. Make sure to invest your savings for an extended duration to let it compound.
  • Tax Benefits: Avail the tax deductions applicable to ULIP premiums and maturity benefits under Sections 80C and 10(10D) of the Income Tax Act, respectively. (Section 80C is not applicable as per the new tax regime).

Axis Max Life Insurance offers ULIP plans that are designed to meet the requirements of diverse financial profiles. Find out more about Axis Max Life Online Savings Plan, Axis Max Life Fast Track Super Plan, and more to start planning your future efficiently.

How to Maximise Returns from a ULIP?

Invest in ULIPs that align with your financial needs and long-term investment objectives to maximise returns. Here are some of the essential strategies to follow to gain maximum returns from ULIPs:

1. Fund Allocation

Investing in appropriate fund divisions, such as equity and debt markets, helps make risk-free decisions that deliver better returns. Equity funds offer higher returns, as they are invested in stock markets, but are riskier. On the contrary, debt funds involve a lower risk but offer lower returns. Therefore, assess risk appetite and investment options before allocating funds to ULIPs.

2. Switch Funds Timely

ULIPs offer the option to switch between equity, debt, and balanced funds as per your requirements and market fluctuations. However, you must understand the correct method and timing for switching between funds to maximise the returns. Thus, switching between funds helps you manage the impact of market fluctuations on your savings.

3. Track Fund Performance

Several online tools and mobile apps allow you to track the performance of their funds. This is a great way to intervene promptly to improve returns. For example, if a fund is lagging due to market fluctuations, you may switch to another fund easily.

4. Be Aware of Charges

Several charges are involved in ULIPs, including premium allocation charges, mortality charges, policy administration charges, and fund management charges. You need to understand the impact of these charges on your overall returns. You can also choose a policy with minimum charges.

5. Long-Term Investment

Withdrawing the investments too early or regularly switching between funds can affect your expected returns. The most critical factor in maximising returns is to invest your funds for a longer duration to leverage the power of compounding.

6. Top-Up Facility

Top-ups are additional amounts added to your regular premium to enhance investment returns on ULIPs. The top-up facility provides you with surplus funds to increase your exposure to market-linked instruments, such as ULIPs, without purchasing a new policy.

Why Invest in ULIPs?

Unit-Linked Insurance Plans (ULIPs) provide the dual benefit of life insurance cover and investment in market-linked instruments. Their benefits make them an efficient tool to help you achieve long-term financial objectives. The following are some of the reasons to invest in a ULIP:

1. Transparency in Investment Performance

Transparency regarding fund performance in market-linked investments and related charges helps investors stay aware of the potential benefits and risks of market fluctuations and manage their funds accordingly.

2. Wealth Generation

ULIPs allow you to accumulate a large amount of funds through regular, disciplined investments. Since the money will grow over time, it gives you long-term financial security.

3. Tax Benefits

Tax benefits for ULIPs include deductions of up to ₹1.5 lakh under Section 80C of the Income Tax Act, 1961, per financial year. Section 80C deductions are available only if you are filing tax returns under the old tax regime. Moreover, the maturity and death benefits associated with ULIPs are tax-free under Section 10(10D).

4. Rider Advantages

Riders enhance the coverage of your base plan. ULIPs allow customisation based on investors' preferences of riders, such as accidental death benefits and critical illness coverage.

5. Regular Savings

ULIPs require regular premiums to keep the plan active. Hence, they encourage disciplined savings and ensure the investors stay on track to achieve their long-term financial targets.

Who Should Consider Investing in a ULIP?

ULIPs are best suited for people who want a bundled solution rather than managing insurance and investment separately. Here is the list of people who should consider a ULIP:

1.Investors with Varying Risk Appetites

ULIPS cater to investors with various risk appetites, as policyholders can choose and switch between different types of ULIP funds. This flexibility makes ULIPs adaptable, but they are generally more appropriate for those with high risk tolerance rather than those seeking guaranteed returns.

2. Individuals at Different Life Stages

ULIPs can suit people at various life stages due to their flexibility in fund switching and goal alignment. This ability to change asset allocation as per changing life goals makes ULIPs a versatile investment option for various groups of investors.

3. Individuals Seeking Combined Insurance and Investment

ULIPs are ideal for those who prefer a single product that delivers both life insurance protection and investment growth, rather than buying a separate term plan and managing investments independently.

How ULIPs Can Support Different Life Goals



Financial Objective How ULIPs May Help
Wealth Creation Market-linked investing with insurance protection
Child Education Planning Long-term corpus accumulation
Retirement Planning Goal-focused wealth accumulation over time
Legacy Planning Life cover alongside investment growth
Family Financial Security Protection and investment in one solution

Unit-linked Insurance Plans (ULIPs) are a combination of life insurance cover and market-oriented investment. The ULIPs can support different long-term financial objectives other than the provision of life insurance, depending on the available fund options and investment strategy. The suitability of these alternatives relies on your risk appetite, investment period, and financial objectives.

Planning for Long-Term Wealth Creation

ULIPs invest in both equity and debt funds or a combination of both these funds, based on the investor’s preference and risk appetite. These investments are market-linked and are subject to risks and several charges. This investment option may help in long-term wealth accumulation, and you can enjoy the benefits of disciplined investing by paying regular premiums.

Building a Corpus for Future Milestones

Long-term financial commitments such as investing for higher education, purchasing a house, or other planned expenses often require systematic savings. ULIPs have a lock-in period of five years, so they can be used as a long-term investment option to build a corpus in the long term.

Supporting Retirement-Oriented Financial Planning

ULIPs can be used as part of diversified long-term financial planning by retirement planners. The possibility of long-term switching (as long as it is permitted by the policy) and the option to remain invested can assist in aligning investments with risk preferences that change over time.

Combining Protection and Investment Objectives

The difference between ULIPs and other insurance products is that these provide life insurance cover together with investment opportunities within one product. This structure is a combination of life insurance cover and investment in one policy, which is subject to market-linked risks and relevant charges.

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Which Investor Class Are ULIPs Most Suited For?

1. Individuals who want to track their investments closely

A ULIP plan allows you (as the policyholder) to closely monitor your portfolio. Such individuals may also benefit from the switching flexibility offered by ULIP plans, thorough which they can adjust capital allocation between funds options with varying risk-return profiles. ULIP means more control over your financial planning, including investment and insurance decisions.

2. Individuals with a Medium to Extended Investment Horizon

ULIP plan is ideal for you if you are willing to stay invested for relatively long periods.

3. Individuals with Varying Risk Profiles

ULIP plans offer a variety of funds options – each with varying risk-return profiles. Thus, investors with different risk profiles (from risk-averse investors to those with healthy risk appetite) must understand what is ULIP plan funds available before investing, so they can keep appropriate return expectations.

4. Investors across All Stages of Life

Different types of ULIP plans are available to help you protect yourself and your loved ones against financial needs and liabilities at specific points in time.

Unit Linked Insurance Plans Offered by Axis Max Life

Axis Max Life Insurance offers certain ULIPs that combine life protection with market-linked investments. Here’s a simplified overview that will help you understand the Unit Linked Insurance Plans offered by Axis Max Life Insurance:

ULIP Benefits How It Works Suited for Payment Options
Flexi Wealth Advantage Plan This plan focuses on long-term wealth creation with life cover. It offers multiple fund options and investment strategies. The premium is split between insurance and market-linked investments. This allows switching between funds based on your goals. This plan is suitable for individuals who are looking for flexible investment strategies with insurance protection. Single Pay Regular Pay Limited Pay
Flexi Wealth Plus Plan This plan is designed for goal-based wealth creation. It offers flexibility in both investment allocation and premium payments. The investments are linked to market performance. It gives you the option to adjust your funds over time as per your financial goals. This plan is ideal for individuals who are planning for milestones like education, retirement, or wealth building. Regular Pay Limited Pay Single Pay
Fast Track Super Plan This plan focuses on faster wealth accumulation. It includes life cover along with market-linked growth. The premium is invested in selected funds that have the potential to give higher returns over time. This plan is suitable for individuals who are looking for early financial planning Single Pay Regular Pay Limited Pay
Smart Term with Additional Return ULIP (STAR ULIP) This plan combines high life coverage with market-linked returns. It may also include additional protection benefits. Blends term insurance with ULIP investment. It also provides a death benefit along with investment growth. This plan is ideal for individuals who are looking for stronger protection combined with wealth creation. Regular Pay Limited Pay

Fund Option Under ULIPs

Some of the most common investment options available under ULIP plans are –

a) Equity Funds

In an equity fund of ULIP plans, the allocated investment amount is used to purchase stocks, which have a Net Asset Value (or NAV) associated with them. NAV is the price per share (or 'unit') in a Fund. As the ULIP full form suggests, ULIP plan is a market-linked instrument, so the investments in equity carry high inherent risk because of market fluctuations. However, equity investments can also be the most rewarding.

b) Debt Funds

The premium allocated towards debt funds is used to invest in instruments such as Government Bonds, and debentures, which offer a lower risk than equity investments. Compared to equity investments in ULIP plans, however, debt funds may offer a lower return on investment.

c) Hybrid or Balanced Funds

Under ULIP plans, Hybrid or Balanced Funds are designed to provide capital growth (from the equity component) while ensuring lower risk (due to the debt component.) In case of market fluctuations, thus, any loss that you incur from the equity portion is balanced out by the lower risk yet consistent returns from the fund's debt portion.

Understanding what is ULIP plan and your investment objectives carefully will allow you to make sound choices.

Below table enumerates the various aspects of the ULIP plan fund options –

General Description Nature of Investments Risk Category
Equity Funds Primary investments include company stocks that focus on capital appreciation High
Debt Funds Investments include government securities, corporate bonds, and other fixed-income instruments Low
Balanced/Hybrid Funds Investments combine equity component with fixed interest instruments Medium

Understanding Fund Allocation Strategies Within ULIPs

Another distinct feature of ULIPs is the allocation of funds; the policyholder may invest in various types of funds depending on financial goals and risk appetite. It is a recommendation to review fund allocations periodically to make sure ULIP investments are consistent with the changing financial needs.

Matching Fund Choices With Risk Preferences

ULIPs offer multiple fund choices, such as debt, equity, and balanced funds. Investors who take higher risks may be interested in having a greater exposure to long-term funds supported by equity. Those who take lower risks may prefer to have debt-oriented funds relatively less volatile.

Balancing Growth along with Stability via Diversification

Diversification in the investment in different funds can balance the growth potential and associated risks for portfolio stability. Through investment in both equity and debt, investors are able to reduce the influence of market variables to secure their long-term financial objectives. The optimum distribution is determined by some variables such as age, financial objectives, and the investment horizon.

Reviewing Asset Allocation Over Time

The situation in the market and finances can change within the time frame of the ULIP policy. Periodic analysis of the fund allocation can help policyholders to analyse their portfolio and switch between funds to earn better returns and meet their goals. Switching of funds can be viewed in cases where policy terms permit them to maintain consistency with the evolving financial plans.

Adapting Investments to Varying Financial Priorities

Financial priorities of an individual can change with different life stages like career growth, family, and retirement. ULIPs offer flexibility, which means that the allocation of funds can be changed within the policy boundaries. This will allow policyholders to shift their investment strategy, as their objectives and risk tolerance evolve over time.

Evaluating ULIPs as Part of a Broader Financial Plan

ULIPs are able to fulfil long-term financial objectives as well as offer life insurance cover. However, their use must be considered in relation to other financial products and individual goals to make sure they support the overall investment and protection requirements of an individual.

Balancing Insurance and Investment Needs

ULIPs are a mix of investment and life insurance. The insurance and investment potential of a ULIP have to be reviewed by the individuals to see whether it can achieve their long-term financial targets.

Aligning ULIPs With Long-Term Objectives

ULIPs tend to be long-term investments and can be used in various ways, such as retirement, child education, or wealth creation. Investors must consider the policy term, the investment options, and the expected time horizon, considering their financial objectives, before committing.

Understanding Portfolio Diversification Benefits

Adding ULIPs to your portfolio can also help with portfolio diversification when the underlying investments in your ULIP differ from those in your other portfolio. The majority of ULIPs are equity, debt, and hybrid (balanced) funds, providing the investor with exposure to different asset classes in the policy. Investors may change or re-allocate funds as per their risk-taking capacity, financial ambitions, and evolving market environment, depending on the policy terms and fund options.

Reviewing Investment Progress Periodically

Periodic review will help policyholders to know whether their ULIP is still suitable, depending on their changing financial requirements and long-term objectives. Fund-switching opportunities should also be considered, where available, to help maintain the investment strategy in line with evolving financial objectives and market conditions.

What is ULIP Calculator?

Now that you know what is ULIP plan and how it works, it is crucial to make appropriate estimations of your investment. A ULIP Calculator can help you to compare and evaluate before buying a ULIP plan in India. A ULIP Calculator is a tool which assists in calculating the maturity amount on the basis of the expected future investment value and returns under the ULIP policy. To calculate your possible returns from ULIP plan, you just need to provide your details, investment amount (exclusive GST), payment frequency, premium payment term and investment period. The calculator will provide the returns and life insurance cover amount.

How Is ULIP Plan Structured?

The investment options under ULIP plan or Unit Linked Insurance Plan are structured similar to those of mutual funds.

ULIP plans pool investments from different investors before they are allocated to different fund options based on individual preferences.

The assets under ULIP plans are managed by dedicated fund managers, whose focus is towards accomplishing specified investment objectives. As an investor, you can buy shares or 'units' in a single strategy or choose to diversify your investments across several market-linked ULIP funds

When you choose to buy into a ULIP fund, you must first commit an initial lump sum payment. Subsequently, you have to make premium payments towards the plan – annual, semi-annual, or monthly. The premium payment obligation varies from one ULIP plan to another, as evident through the estimates made through the ULIP calculator. The premium invested in a ULIP plan is proportionally invested towards a specified investment mandate.

However, ULIP means flexibility to investors, allowing them to choose to adjust their fund preferences, depending upon their needs, throughout the investment duration.

How to Calculate ULIP Returns and Premiums Online?

You can calculate ULIP returns based on absolute returns and CAGR. Here are the formulae to do so:

1. Absolute Returns

Using absolute returns provides you with the percentage growth in your investment value after deducting the ULIP charges. This does not consider the time period over which this growth has occured. The formula to calculate absolute returns is this:

Absolute returns = [ (Current value - Value at the time of purchase) / Value at the time of purchase ] x 100

2. Compound Annual Growth Rate (CAGR)

Using CAGR, you can calculate the compounded annual growth rate that your investment has achieved over a specific time period. The formula is as follows:

CAGR = { [ (Current value / Value at the time of purchase) ^ (1/ number of years) ] - 1 } x 100

Follow the steps below to calculate the ULIP return and premiums online:

  • Choose a Reliable ULIP Calculator: Use calculators from trusted sources.
  • Enter Your Details: Provide the details you are asked to submit.
  • View the Results: The calculator will show the result, which includes:
    • Total invested
    • Projected maturity value
    • Net yield after all charges
    • Total charges deducted
    • Year-by-year breakdown of premium allocation

FAQs

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What is ULIP and How does ULIP Plan Work?

ULIP full form is Unit Linked Insurance Plan, which is a type of life insurance solution, offered by insurance companies. These plans provide the combined benefits of life cover protection and investment returns.

ULIP plan provides capital market-linked returns on your investment, by allowing you to invest into a variety of equity and debt fund options.

What should You Keep in Mind While Investing in ULIP?

While investing in ULIP plans, you must keep the following factors in mind –

  • Applicable charges including surrender charges (those payable on premature surrender of ULIP plan)
  • Investment fund options available
  • Features and benefits
  • Limitations and exclusions
  • Consequences of ULIP plan lapsing
  • Other disclosures

How much of the premium paid is used to purchase units?

The entire amount invested under a ULIP plan is not allocated towards buying units. Instead, the insurance company allows the purchase of units only on the portion of the premium remaining once they have deducted the different fees and charges. The quantum of the capital amount received as premium and used to purchase units varies from one ULIP to another.

Overall, ULIP means that the cumulative monetary value of all the units purchased is invariably less than the total amount of premium received, because a portion of the capital is also allocated towards the life insurance coverage component.

Can I seek a refund of premiums if I'm not satisfied with the ULIP policy, after purchasing it?

As a policyholder, you can request a refund of the amount of premium paid within the free-look period, if you disagree with the policy's terms and conditions. In general, there is a 15-day free-look period, which starts once you receive the policy document. On opting for free-look cancellation you will receive the fund value, including charges levied via cancellation of units. The cancellation of units is subject to deduction of expenses towards stamp duty, medical examination, and proportionate risk premium for the coverage period.

What is ULIP plan NAV?

ULIP plan NAV (or Net Asset Value) is defined as the total value of the units holding, after deducting the value of its liabilities. In other words, NAV is calculated after deducting liabilities such as management fees, marketing expenses, and operating expenses.

When should I invest in ULIPs?

Individuals with a long-term financial plan for wealth growth and insurance should consider ULIP plans. However, there is no single right age to invest in ULIP. ULIP means you can grow your money and keep your family secure against emergencies so, whether you are planning for retirement, children's education, and other financial goals, it can be beneficial.

What can help me in maximizing my ULIP returns?

If you understand what is ULIP plan, you are aware of the market-linked return generations, therefore maximizing the returns depend on you risk-appetite and investment goals as an investor. Largely, you can keep a track of the market fluctuations and switch funds accordingly to optimize the ULIP plan benefits.

How to calculate fund value in ULIP?

The fund value of ULIP plan refers to the overall monetary value of the policyholder's units. The fund value on a given day can be calculated by multiplying the net asset value of each unit on that day by the number of units held.

What is lock in period in ULIP?

Unit-linked insurance plans have a five-year lock-in period, during which the plan holder is unable to withdraw or liquidate the fund's assets. So, investing in ULIP means preparing for long-term financial goals.

Will I have to pay tax on ULIP maturity amount?

As per the Budget 2026, ULIP plans with annual premiums exceeding Rs 2.5 lakh are not eligible for tax free maturity proceeds.

Do ULIPs provide death and maturity benefits?

In ULIPs, a portion of the premium is set aside for life cover, while the remaining portion is invested in market-linked programmes for better returns. Hence, ULIPs provide the dual benefits of death benefits through life insurance and maturity benefits through investment.

Do ULIP plans offer guaranteed returns?

No, the returns on investments in ULIPs are subject to market risks. Hence, the returns are not guaranteed, but they could be maximised by investing in low-risk funds.

How do you compute the fund value in a ULIP?

Fund value in a ULIP is the total value of the investment at a given time, calculated by multiplying the number of units held in the ULIP fund by the fund's prevailing net asset value (NAV).

How can I reduce my ULIP premium amount?

The best way to reduce your ULIP premiums is to start early, as premiums increase with age. Moreover, you can opt for a lower sum assured, pay the premiums regularly, and avoid unnecessary riders.

What are the different types of ULIP available in India?

Pension ULIPs, Education ULIPs, and Wealth Creation ULIPs are some of the various types of ULIPs available in India. Additionally, the ULIPs available will differ based on the insurer.

What is the right time to invest in ULIPs?

There is no single perfect market timing for investing in ULIPs. The right time is primarily determined by your personal financial situation. If you are investing for the long term, your investment will have ample time to recover from short-term fluctuations and support growth.

What are the risks associated with ULIPs?

ULIPs invest your money in market-linked funds (equity, debt, or hybrid). Returns are not guaranteed and depend on the performance of the underlying assets.

Do I have to pay tax on the ULIP maturity amount?

If your annual ULIP premium (across all policies issued after Feb 2021) is within ₹2.5 lakh, your maturity proceeds should remain tax-free. If you are paying higher premiums, the gains will be taxable as long-term capital gains (LTCG).

How can ULIPs support multiple financial goals over different life stages?

ULIP combines life insurance with market-linked investments. They are created to assist policyholders in attaining long-term objectives such as wealth creation, retirement, higher education of children, and family financial stability. They are suitable based on the individual's financial objectives, risk appetite, and investment horizon.

What factors should investors consider when selecting funds within a ULIP?

Investors should consider their risk appetite, financial objectives, investment period, and preferred proportions of their assets before deciding between the available equity, debt, or balanced funds. Learning the features of each type of fund can help ensure that investors make their choice based on their individual financial requirements.

How can fund allocation influence the overall ULIP investment experience?

The distribution of premiums to the different investment options in a ULIP is determined by how the funds are allocated. The chosen allocation can affect the exposure to the movements in the market, potential returns, and the risk profile of the portfolio, and, therefore, is an important feature of long-term financial planning.

Why is periodic portfolio review important for ULIP investors?

Periodical review of their portfolios will help investors to decide whether their existing fund allocation is in line with their financial goals and risk tolerance. Fund switches also enable them to analyse performance and make any required changes.

How can ULIPs complement other long-term investment options?

An ULIP can be included with other products, such as the Public Provident Fund (PPF), the National Pension System (NPS), or mutual funds to make a diversified financial portfolio. They can be used in combination with other savings and investments as they offer insurance and investment that is market-linked.

What role does investment horizon play in ULIP planning?

ULIPs are generally designed for long-term financial planning, making the investment horizon an important consideration. A longer investment period may provide greater opportunity to benefit from market participation while allowing investors to stay focused on long-term goals despite short-term market fluctuations.

How can investors align ULIPs with changing financial priorities?

Investors have the opportunity to review their ULIP strategy periodically and make changes to fund allocation using available fund-switching options, as per policy terms. This flexibility allows the investment to be maintained in accordance with varying life stages and financial demands.

Why is diversification important when investing through ULIPs?

Equity, debt, and balanced fund diversification can be used to distribute the investment risk and eliminate the effects of market fluctuations on the overall portfolio. A diversified approach can also support more balanced long-term wealth accumulation, depending on individual financial goals.

How can market fluctuations influence fund selection strategies within ULIPs?

The market environment may influence the performance of various types of funds in a ULIP. Investors can periodically re-evaluate the suitability of their current allocation to their risk profile and their long-term objectives as a basis to make decisions.

What should investors evaluate before making fund-switching decisions in a ULIP?

Before switching funds, investors should think about their financial goals, investment duration, their risk tolerance, and market projections. They should also check the terms and conditions of their ULIP plan, such as restrictions or fees on fund switches.

ARN NO: Aug23/Bg/02T

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IRDAI - Registration No. 104. ARN/Web/13122024 Category: Life. Validity: Valid.
Corporate Identity Number (CIN): U74899HR2000PLC143012.

Corporate Office: Axis Max Life Insurance Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002

Registered Office: Axis Max Life Insurance Limited. Plot no. 90-C, Sector-18, Urban Estate, Gurugram, Haryana – 122 015, India. Tel No.: (0124) 421909

For any query regarding this website, please reach out to:

Name: Lakshey Bahl|Designation: Website Manager|
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DISCLAIMERS

Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

Corporate Office: Axis Max Life Insurance Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.

Operation Center: Axis Max Life Insurance Ltd, Plot no. 90-C, Sector-18, Urban Estate, Gurugram, Haryana – 122 015.

Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.

Online Sales Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).

Fax Number: 0124-4159397.

Email ID: service.helpdesk@axismaxlife.com

Website: https://www.axismaxlife.com

Axis Max Life Insurance is integrated with licensed NBFC FinVu (Cookiejar Technologies Pvt. Ltd.) and NADL (NeSL Asset Data Limited) for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here

*Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws.

Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961. Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage.

Celeb disclaimer (if images being used):

The Brand Ambassadors as depicted herein, have endorsed only the Axis Max Life Insurance Products and are not in any manner endorsing Axis Bank Limited and / or any other Bank Partner of Axis Max Life Insurance and do not have any kind of association or relationship with Axis Bank Limited and / or any other Bank Partner of Axis Max Life Insurance

Disclaimers for Market Linked Plans & Saving plans:

THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR.

Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.

#4Axis Max Life Online Savings Plan. A unit-linked non-participating individual life insurance plan. | Axis Max Life Insurance Limited is only the name of the insurance company and Axis Max Life Insurance Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.

*1The aggregate annualized premium should not be more than 5 lakhs (one or more policies put together) for non-linked non-par savings insurance plan in any given year of policy term to be eligible for Section 10 (10D) exemption.

*3All claims that qualify for InstaClaim will be paid within 3 hrs from the date of submission of all mandatory documents else Axis Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been received for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. Mandatory Documents: Original policy document; Original/attested copy of death certificate issued by local municipal authority; Death claim application form (Form A); NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof; Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/Viscera Report (in case of accident death).

*#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.

*!#1 Selling Plan among plans offered online by Axis Max Life Insurance. Source: Company sales data based on number of policies sold through our website from Jan'26 to Jul'26.

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^^On completion of policy term

The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.

Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day. Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification. Mandatory Documents:

> Original policy document

> Original/attested copy of death certificate issued by local municipal authority

> Death claim application form (Form A)

> NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof

> Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

1The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount

2Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).

315% discount is applicable only on the first year premium for salaried employees with a corporate, purchasing Axis Max Life Smart Term Plan Plus (UIN: 104N132V01). During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. 15% discount (applied on standard male premium rates) is applicable for lifetime for females.

4InstaClaim TM is available for all versions of (UIN: 104N125V09). Mandatory Documents:

  • Original policy document
  • Original/attested copy of death certificate issued by local municipal authority
  • Death claim application form (Form A)
  • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof
  • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition

6Applicable for Titanium variant of Axis Max Life Smart Fixed- return Digital plan (premium payment of 10 years and policy term of 30 years) and a healthy female of 18 years paying Rs 30,000/- per month (exclusive of all applicable taxes) with 6.80% return. Life Insurance is available with this product.

7Available with Axis Max Life Smart Wealth Plan (UIN: 104N116V16)

8Available with Axis Max Life Smart Fixed-return Digital Plan (UIN: 104N123V07). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid.

9This is applicable for a 24-Year Old Healthy Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term for Axis Max Life Smart Secure Plus Plan (UIN: 104N118V13).

10This is applicable for a 25-Year Old Healthy Male, Non-Smoker, 40 Years Policy Term, 40 Year Premium Payment Term for Axis Max Life Saral Jeevan Bima (UIN: 104N117V02).

11Lifetime discount is applicable only for salaried employees and for Existing AMLI Customers, purchasing Axis Max Life Smart Term Plan Plus (UIN: 104N132V01) . During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. This discount is applicable throughout the premium payment term of the policy and its percentage varies basis the Premium payment term opted by the customer at inception. Please Note that: there will be an option to choose between the First Year Discount (FYD) or Lifetime (LT) discount at inception of the policy.

PThe lifetime discount of 5% in Axis Max Life Smart Total Elite Protection Plan (UIN: 104N125V09) is available for entire premium payment term for sales through exclusive web link. The savings figure mentioned above has been calculated using the difference between discounted and undiscounted total premiums paid by a 45 year old male paying premium for 40 years and policy term of 40 years for a life cover of 1Cr.

##Tax conditions :

##Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, fall under 30% income tax slab having taxable income less than Rs. 50 lakhs and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, fall under 30% income tax slab having taxable income less than Rs. 50 lakhs and Opt for Old tax regime.

CI Rider disclaimers:

AXIS MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN: 104B033V03) available as a rider on payment of additional premium.

>Extended cover of up to 85 years is available with gold and platinum variant only

@64 critical illnesses covered in platinum and platinum plus variant on payment

22 critical illnesses covered in gold and gold plus variant

*^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium.

~Conditions for premium break: Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years

~1 Conditions for Special exit value:

Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid.

~2 Voluntary Top-up Sum assured:

Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception

^^*^^Free look period conditions:

The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

^Individual Death Claim Paid Ratio as per Annual Audited Financials for FY 25-26, Claims Paid Ratio rounded off to the nearest single decimal figure.

*2 The "3 Click Claim Process" describes the number of primary action buttons (CTAs) required to initiate and submit an eligible claim through the digital journey. Actual claim processing may require additional verification, document submission, customer interactions, or other steps as necessary. Claim settlement is subject to applicable policy terms and conditions and is not guaranteed solely by completion of the 3-click journey.

#3Tax benefits as per prevailing tax laws, subject to change

Terms and conditions for availing 5% employee discount:

<Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page.

Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns. The premiums & funds are subject to certain charges related to the fund or to the premium paid.

The premium shall be adjusted on the due date even if it has been received in advance.

For Total Installment Premium - Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any.

For Return of Premium - The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating Individual Life Insurance Savings Plan.

For Riders - #Applicable Rider available on the payment of Additional Premium is Axis Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Health Insurance Rider | UIN: 104B033V03. Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider.

For Additional Benefits– ##On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

*~Disclaimers

Axis Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk life insurance plan (UIN: 104N118V13). Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard premium for 30-year-old healthy male, non-smoker, 40 years’ policy term, 40 years’ premium payment term for Axis Max Life Smart Secure Plus Plan.

##Policy continuance benefit is not available with lifelong wealth variant. **The accrued income will be accumulated on an annual basis at the prevailing reverse repo rate (publish on RBI’s website).

#With “Save the date”, you can choose to take your annual income to any special date in a year.

***Available with early wealth variant. Income benefit will be paid as per selected plan terms.

~Accidental death benefit is available in call variants except for Single premium variant. Life insurance coverage is available in this product.

#~Term Insurance plan bought online directly from Axis Max Life Insurance has no commissions involved.

~1Axis Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Life Insurance Plan (UIN: 104N118V13). Standard Premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term for Axis Max Life Smart Secure Plus Plan | ~1 Conditions for special exit value: Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of premium variant is not chosen. No additional premium to be paid. Option to receive all premiums back. Flexibility of exiting the plan early. Special Exit Value cover applicable till age 68 & above (of your age). T&C Apply.

@>Axis Max Life Critical Illness and Disability Rider (UIN: 104B033V03) is available with Axis Max Life Smart Term Plan Plus (UIN: 104N132V01) on payment of additional premium. It covers 64 critical illnesses under Platinum & Platinum Plus variant. Standard premium for 30-year old healthy male, non-smoker, 30 years policy term, 30 year premium payment term for Regular Cover Variant with a life cover of 1 Crore under Axis Max Life Smart Term Plan Plus along with Critical Illness (Platinum Variant) Sum assured of 10 lakhs for a policy term of 30 years.

#Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

^1Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09) with a life cover of Rs. 50 lakh.

^2Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09) with a life cover of Rs. 75 lakh.

^3Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09) with a life cover of Rs. 1 Cr.

^4Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09) with a life cover of Rs. 1.5 Cr.

^5Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09) with a life cover of Rs. 2 Cr.

^6Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09) with a life cover of Rs. 5 Cr.

~*Disclaimer: Standard premium for 24-year old healthy female,non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09)

^~Disclaimer: 5 year return (CAGR – Compound Annualised Growth Rate) from Axis Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 30/06/2025

^~The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back. The value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male, with 10 years premium payment term, and 35 years policy term with Axis Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product).

*++Axis Max Life's Nifty Alpha 50 Fund tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The above values have been calculated by projecting historical returns of the Nifty Alpha 50 index, after adjusting for all expenses, except the tracking error, in Axis Max Life online savings plan (variant 1) for a 35-year-old male investing 10k per month for 10 years and maturity after 20 years. The calculations have been done using historical returns of the Nifty Alpha 50 index and may not be indicative of the future performance of Axis Max Life's Nifty Alpha 50 Fund. The above values have been calculated basis 10 year returns of 26.4% (30th Apr'24) of the Nifty Alpha 50 Index.

*+Nifty Mid-cap 150 Momentum 50 Index was launched in Aug’22. These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s Midcap Momentum Index fund. 10 year return of NIFTY Midcap 150 Momentum 50 Index as on 27/05/2024. Axis Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index.

*&10 year return of Nifty Smallcap 250 Quality 50 Index as on 30/04/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Axis Max Life Nifty Smallcap Quality Index Fund is passively managed Index Fund that mirrors Nifty Smallcap 250 Quality 50 Index. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

**@Axis Max Life's Forever Young Pension Plan (UIN: 104L075V10) is a Unit Linked Pension Plan. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Forever Young Pension Plan (UIN: 104L075V10) is only the name of the unit linked pension product and does not in any way indicate the quality of the contract, its future prospects or returns. The premium paid in the Unit Linked Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

++*A tax-free commutation of up to 60% of the vesting benefit can be availed. Tax benefits are subject to condition under Sections 80CCC, 10(10A), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

^*All claims that qualify for InstaClaim will be paid within 3 hrs from the date of submission of all mandatory documents else Axis Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been received for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. Mandatory Documents: Original policy document; Original/attested copy of death certificate issued by local municipal authority; Death claim application form (Form A); NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof; Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/Viscera Report (in case of accident death).

#*Axis Max Life Insurance’s Sustainable Wealth 50 Index Fund (SFIN: ULIF03223/12/24SUSTWEALTH104), which is a passively managed Index Fund that mirrors Axis Max Life Sustainable Yield Index, subject to tracking error. The fund value calculation is done by projecting historical returns of Axis Max Life Sustainable Yield Index, after adjusting for all expenses (except tracking error) in Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30-year-old male investing 5k/10k per month for 20/10 years. The above values have been calculated assuming 25.2% p.a. gross investment returns as in Nov'24, which is the 10-year return of Axis Max Life Sustainable Yield Index. (back tested).

@3Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

7Disclaimer: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600 for 12 years for 30-year-old male with Axis Max Life Smart Wealth Plan – Long Term Variant. A non-linked non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due premiums are paid. Life Insurance is available in this product.

@6Disclaimer: Standard premium for 3 Cr. Life Cover for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN:104N132V01)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

@7Disclaimer: Standard premium for 1 Cr. Life Cover for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN:104N132V01)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

@8Disclaimer: Standard premium for 2 Cr. Life Cover for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN: 104N132V01)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

@9Disclaimer: Standard premium for 1 Cr. Life Cover for 20-year old healthy Female, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Term Plan Plus (UIN: 104N132V01) The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

@10Disclaimer: Standard premium for 5 Cr. Life Cover for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN: 104N132V01)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

Disclaimer: ~10 year CAGR of Nifty SmallCap 250 Quality50 index as on 24/07/2023. Axis Max Life Nifty Smallcap Quality Index Fund is passively managed Index fund that tracks the Nifty SmallCap 250 Quality50 index (subject to tracking error).

Disclaimer: @++ Axis Max Life’s NIFTY Momentum Quality 50 Fund (SFIN: ULIF03127/10/24MOMQUALITY104) is a passively managed Index Fund that mirrors NIFTY 500 Multicap Momentum Quality 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NIFTY 500 Multicap Momentum Quality 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life Online Savings Plan (UIN: 104L098V06) for a 30-year-old male investing 10k per month for 10 years. The above values have been calculated assuming 24.9% p.a. gross investment returns as on 16/10/2024, which is the 10-year return of NSE's NIFTY 500 Multicap Momentum Quality 50 Index (backtested)

Disclaimer: **+NIFTY 500 Momentum 50 Index was launched in June'24. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices as on 11 June’24 and are not indicative of returns on Axis Max Life Insurance’s newly launched NIFTY 500 Momentum 50 Fund. Axis Max Life’s NIFTY 500 Momentum 50 Fund (SFIN: ULIF03014/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSE’s NIFTY 500 Momentum 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s NIFTY 500 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life Online Savings Plan (UIN: 104L098V06) for a 30-year-old male investing 10k per month for 10 years. The above values have been calculated assuming 25% p.a. gross investment returns as on 11 June'24, which is the 10-year return of NSE's NIFTY 500 Momentum 50 Index (backtested).

Disclaimer: #^Axis Max Life Smart Innovation Fund (SFIN: ULIF03301/03/25INNOVATION104), which is an actively managed fund does not have any past performance benchmarks. The above values have been calculated for a 35-year-old male investing 10k per month for 10 years assuming 20.8% p.a. gross investment returns basis 5 years’ performance of existing active fund with Axis Max Life Insurance, as on date 31st Jan'25 after adjusting for all expenses in Axis Max Life’s Capital Guarantee Plan which is combination of Axis Max Life Online Savings Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN: 104N116V17). | Investors in this plan are not offered guaranteed/ assured returns. | The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year. The premium shall be adjusted on the due date even if it has been received in advance. Applicable taxes, cesses and levies as imposed by the government from time to time will be deducted from the premiums received or from the funds, as applicable.

Disclaimer: @$The Nifty500 Multifactor MQVLv 50 Index was launched in Feb’25. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s NIFTY 500 Multifactor 50 Index fund. Axis Max Life’s NIFTY 500 Multifactor 50 Index fund (SFIN: ULIF03414/05/25MULTIFACTO104) is a passively managed Index Fund that mirrors NSE’s Nifty500 Multifactor MQVLv 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s Nifty500 Multifactor MQVLv 50 Index, after adjusting for all expenses (except tracking error) Axis Max Life’s Online Savings Plan (UIN: 104L098V06) for a 30-year old male investing 5K/10K per month for 10 years. The above return values have been calculated assuming 21% p.a. gross investment returns, which is the returns since inception of NSE's Nifty500 Multifactor MQVLv 50 Index (backtested) as on 24th April 2025. For FWAP, replace Axis Max Life’s Online Savings Plan (UIN: 104L098V06) with Axis max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04).

Disclaimer: %$The Nifty500 Multifactor MQVLv 50 Index was launched in Feb’25. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s NIFTY 500 Multifactor 50 Index Pension Fund. Axis Max Life’s NIFTY 500 Multifactor 50 Index Pension Fund (SFIN: ULIF03523/06/25PENSMULFAC104) is a passively managed Index Pension Fund that mirrors NSE’s Nifty500 Multifactor MQVLv 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s Nifty500 Multifactor MQVLv 50 Index, after adjusting for all expenses (except tracking error) Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V10) for a 30-year old male investing 10K/20k per month for 10 years. The above return values have been calculated assuming 21% p.a. gross investment returns, which is the returns since inception of NSE's Nifty500 Multifactor MQVLv 50 Index (backtested) as on 10th June 2025.

Disclaimer: ^$The fund value calculation is done by projecting returns of NSE's Nifty 500 Multifactor MQVLv 50 Index at 21% gross investment returns ( which is the return since inception (backtested) as on June 10, 2025), after adjusting for all expenses (except tracking error) in Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V10). The pension amount has been calculated assuming that the proceeds from the entire corpus available at the time of maturity of Forever Young Pension Plan (UIN: 104L075V10) has been used to purchase Smart Guaranteed Pension Plan (UIN: 104N122V25) Single Life Immediate Annuity for life (with death benefit) option.

Disclaimer: %^BSE 500 Enhanced Value 50 Index was launched in May'25. The past returns are back tested based on historical returns and formula (provided by BSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s BSE 500 Value 50 fund. Axis Max Life’s BSE 500 Value 50 Fund (SFIN: ULIF03623/07/25BSEVALUEIN104) is a passively managed Index Fund that mirrors BSE 500 Enhanced Value 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of BSE 500 Enhanced Value 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30 year old male investing 10K per month for 10 years. The above values have been calculated assuming 22.4% p.a. gross investment returns, which is the 7-year returns of BSE 500 Value 50 Index as on 16th July 2025.

Disclaimer: $^The returns shown above are based on the past performance of Axis Max Life’s High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104). These are past returns and are not indicative of return on Axis Max Life Insurance’s High Growth Pension Fund. Axis Max Life’s High Growth Pension Fund (SFIN: ULIF03722/09/25PENSHIGHGR104) is an actively managed pension fund, with an objective to invest in mid cap equities, where predominant investments are equities of companies with high growth potential in the long term. The fund value calculation is done by projecting the past returns of AMLI’s High Growth Fund after adjusting for all expenses in Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V10) for a 30 year old male investing 5K/10K/20K/30K per month for 10 years. The above value(s) have been calculated assuming 21.4% p.a. gross investment returns, which is the past 7-years returns of Axis Max Life’s High Growth Fund.

Disclaimer: $@The returns shown above are based on the past performance of Axis Max Life Insurance’s High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104). These are past returns and are not indicative of return of Axis Max LIfe's India Consumption Opportunities Fund (SFIN: ULIF03807/10/25INDIACONSU104). AMLI's India Consumption Opportunities Fund is an actively managed fund, with an objective to achieve long-term capital appreciation by investing in equity instruments of companies operating in the consumption sector and its related or allied industries. The fund value calculation is done by projecting the past returns of AMLI’s High Growth Fund after adjusting for all expenses in Axis Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30 year old male investing 5K/10K/15K/30K per month for 10 years. The above values have been calculated assuming 22.7% p.a. gross investment returns, which is the past 7-years returns of AMLI’s High Growth Fund.

Disclaimer: #$BSE 500 Dividend Leaders 50 Index was launched in Mar'25. The past returns are back tested based on historical returns and formula (provided by BSE). These are returns of benchmark index and are not indicative of return of Axis Max Life Insurance’s BSE 500 Dividend Leaders 50 Index fund. Axis Max Life’s BSE 500 Dividend Leaders 50 Index Fund (SFIN:ULIF03907/11/25BSEDIVLEAD104 ) is a passively managed Index Fund that mirrors BSE 500 Dividend Leaders 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of BSE 500 Dividend Leaders 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04) for a 30 year old male investing INR 5K/10K per month for 10 years. The above values have been calculated assuming 22.3% p.a. gross investment returns. The index fund is expected to generate similar returns as of the benchmark returns, however due to expenses, portfolio deviations (because of timing of investments/flows) and regulatory restrictions (sector limits)returns of the AMLI fund and benchmark may differ.

The maturity amount shown above is for a 30-year old healthy male who invests Rs. 5K/10K per month for 10 years and remains invested for 20 years. The total premium to be paid (excl. GST) in 10 years will be Rs. 6 Lakhs/12 lakhs. The guaranteed benefits are available under Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN:104N124V17) & are applicable if all the premiums are paid.

Capital Guarantee solution is a combination of benefits of two individual and separate products named Axis Max Life Online Savings Plan, A Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan, (A Non Linked Non-Participating Individual Life Insurance Savings Plan, UIN: 104N124V17). These products are also available for sale individually without the combination offered/suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale.

Disclaimer: $1The returns shown above are based on the past performance of BSE 500 Dividend Leaders 50 Index. These are past returns and are not indicative of return on Axis Max Life Insurance’s BSE 500 Dividend Leaders 50 Index Fund. AMLI BSE 500 Dividend Leaders 50 Index Fund (SFIN: ULIF04017/11/25PENDIVLEAD104) is a passively managed pension fund, with an objective invest in a basket of stocks drawn from the constituents of BSE 500 Dividend Leaders 50 Index. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error and regulatory restrictions (sectoral limits).

The fund value calculation is done by projecting the past returns of BSE 500 Dividend Leaders 50 Index after adjusting for all expenses in Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V10) for a 30 year old male investing 5K/10K per month for 10 years. The above values have been calculated assuming 22.3% p.a. gross investment returns, which is the past 7-years returns of BSE 500 Dividend Leaders 50 Index Fund (Back-tested).

Disclaimer: @@The returns shown above are based on the past performance of AMLI’s High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104). These are past returns and are not indicative of return of AMLI's High Growth Fund II (SFIN: ULIF04117/12/25HIGHGROWTH104). AMLI's High Growth Fund II is a mid-cap fund investing in companies with high growth potential in the long term. At least 80% of the Fund corpus is always invested in equities. However, the remaining is invested in government securities, corporate bonds and money market instruments; hence the risk involved is relatively higher.

The fund value calculation is done by projecting the past returns of AMLI’s High Growth Fund after adjusting for all expenses in Axis Max Life Online Savings Plan Plus (UIN: 104L131V02) for a 30 year old male investing 5K/10K per month for 10 years. The above values have been calculated assuming 23.7% p.a. gross investment returns, which is the past 7-years returns of AMLI’s High Growth Fund.

Disclaimer: $2Axis Max Life Growth Super Fund II

Capital Guarantee: The maturity amount shown above is for a 30-year old healthy male who invests Rs. 5K/10K per month for 10 years and remains invested for 20 years. The total premium to be paid in 10 years will be Rs. 6 Lakhs/12 lakhs. The guaranteed benefits are available under Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN:104N124V17) & are applicable if all the premiums are paid.

Capital Guarantee solution is a combination of benefits of two individual and separate products named Axis Max Life Online Savings Plan, A Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan, (A Non Linked Non-Participating Individual Life Insurance Savings Plan, UIN: 104N124V17). These products are also available for sale individually without the combination offered/suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale.

Online Savings Plan Plus: The returns shown above are based on the past performance of AMLI’s Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104). These are past returns and are not indicative of return of AMLI's Growth Super Fund II(SFIN: ULIF04217/12/25GROWTHSUPR104). AMLI's Growth Super Fund II is primarily an equity oriented fund. At least 80% of the fund corpus is invested in equities at all times. The remaining is invested in debt instruments across Government, corporate and money market papers; hence the risk involved is relatively higher.

The fund value calculation is done by projecting the past returns of AMLI’s Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104) after adjusting for all expenses in Axis Max Life Online Savings Plan Plus (UIN: 104L131V02) for a 30 year old male investing 5K/10K per month for 10 years. The above values have been calculated assuming 14.42% p.a. gross investment returns, which is the past 7-years returns of AMLI’s Growth Super Fund.

FWAP Retirement: The monthly income functionality can be availed using the Smart Withdrawal feature available with the Whole Life variant in Axis Max Life’s Flexi Wealth Advantage Plan(UIN: 104L121V04). The monthly income shown above has been computed assuming 21st policy year as the income start year, smart withdrawal percentage of 8% for a 30 year old male investing 5K/10K per month for 10 years with 14.42% p.a. gross investment returns, which is the past 7-years returns of AMLI’s Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104). These are past returns and are not indicative of return of AMLI's Growth Super II Fund II(SFIN: ULIF04217/12/25GROWTHSUPR104). AMLI's Growth Super Fund II is primarily an equity oriented fund. At least 80% of the fund corpus is invested in equities at all times. The remaining is invested in debt instruments across Government, corporate and money market papers; hence the risk involved is relatively higher.

Disclaimer: $3Axis Max Life Diversified Equity Fund II

Capital Guarantee: The maturity amount shown above is for a 30-year old healthy male who invests Rs. 5K/10K per month for 10 years and remains invested for 20 years. The total premium to be paid in 10 years will be Rs. 6 Lakhs/12 lakhs. The guaranteed benefits are available under Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN:104N124V17) & are applicable if all the premiums are paid.

Capital Guarantee solution is a combination of benefits of two individual and separate products named Axis Max Life Online Savings Plan, A Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan, (A Non Linked Non-Participating Individual Life Insurance Savings Plan, UIN: 104N124V17). These products are also available for sale individually without the combination offered/suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale.

Online Savings Plan Plus: The returns shown above are based on the past performance of Diversified Equity Fund (SFIN: ULIF02201/01/20LIFEDIVEQF104). These are past returns and are not indicative of return of AMLI's Diversified Equity Fund II (SFIN:ULIF04317/12/25DIVIEQUITY104). AMLI's Diversified Equity Fund II is primarily an equity oriented fund. At least 80% of the fund corpus is invested in equities at all times. The remaining is invested in debt instruments across Government, corporate and money market papers.

The fund value calculation is done by projecting the past returns of Diversified Equity Fund after adjusting for all expenses in Axis Max Life Online Savings Plan Plus (UIN: 104L131V02) for a 30 year old male investing 5K/10K per month for 10 years. The above values have been calculated assuming 21.37% p.a. gross investment returns, which is the returns since inception of Diversified Equity Fund as on 27-Feb-2026.

$4Disclaimer: BSE Dividend Stability Index was launched on 16th Sep 2005. The past returns are back tested based on historical returns and formula (provided by BSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s BSE Dividend Stability Index Fund. Axis Max Life’s BSE Dividend Stability Index Fund (SFIN: ULIF04607/05/26BSEDIVSTAB104) is a passively managed Index Fund that mirrors BSE Dividend Stability Index, subject to tracking error. The fund value calculation is done by projecting historical returns of BSE Dividend Stability Index, after adjusting for all expenses (except tracking error) in Axis Max Life’s Online Savings Plan Plus (UIN: 104L131V02) for a 30 year old Male investing 15K/20K per month for 10 years. The above values have been calculated assuming 23% p.a. gross investment returns, which are the past 5 year returns of BSE Dividend Stability Index as on 21st Apr’26.

$5Disclaimer: The returns shown above are total returns of iShares S&P 100 ETF. These are past 10 years’ returns and are not indicative of returns of AMLI's World Equity Fund (SFIN: ULGC001002026WORLDEQUITMAX). AMLI's World Equity Fund provides diversified equity. It is designed for investors seeking global diversification. At least 80% of the fund corpus is invested in equities/ETFs at all times. The remaining is invested in cash, money market instruments and other ETFs. The fund value calculation is done by projecting the past 10 years’ returns of iShares S&P 100 ETF after adjusting for all expenses in Axis Max Life Smart Global Investment Fostering Tomorrow Plan (UIN: MAXL001V002) for a 35 year old male investing $1K per month for 10 years. The above values have been calculated assuming 16.81% p.a. gross investment returns, which is past 10 years total returns of iShares S&P 100 ETF as on 02-Jun-2026.

$6Disclaimer: The returns shown above are based on the past performance of Axis Max Life High Growth Fund. These are past returns and are not indicative of return on Axis Max Life Smart Innovation Pension Fund. AMLI Smart Innovation Pension Fund (SFIN: ULIF04705/06/26PENSMINNOV104) is a fund with a focus on investing in innovative companies and business benefitting from the evolving innovation eco-system with the objective to generate long term capital appreciation. At least 70% of the Fund corpus is invested in a basket of equity stocks over the entire market capitalization range at all times. However, the remaining is invested in government securities, corporate bonds and money market instruments; hence the risk involved is relatively higher.

The fund value calculation is done by projecting the past 10 year returns of Axis Max Life High Growth Fund in Axis Max Life’s Forever Young Pension Plan (UIN: 104L075V10) for a 30 year old male investing 15K per month for 10 years and a vesting period of 25 years. The above values have been calculated assuming 20% p.a. gross investment returns, which is the past 10-years returns of Axis Max Life High Growth Fund as on 4th Jun’26. The pension amount has been calculated assuming that the proceeds from the entire corpus/40% of the corpus available at the time of maturity of Forever Young Pension Plan (UIN: 104L075V010) has been used to purchase Axis Max Life Smart Guaranteed Pension Plan (UIN: 104N122V25) Single Life Immediate Annuity for life (with death benefit option).

Disclaimer: $$Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Smart Global Investment Fostering Tomorrow Plan (UIN: MAXL001V002) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.

The returns shown above are total returns of iShares S&P 100 ETF. These are past 10 years’ returns and are not indicative of returns of AMLI's US Equity Fund (SFIN: ULGC002002026USEQUITYFUMAX). AMLI's US Equity Fund provides exposure to the U.S. stock market. It offers investors core U.S. equity market coverage. At least 80% of the fund corpus is invested in equities/ETFs at all times. The remaining is invested in cash, money market instruments and other ETFs. The fund value calculation is done by projecting the past 10 years’ returns of iShares S&P 100 ETF after adjusting for all expenses in Axis Max Life Smart Global Investment Fostering Tomorrow Plan (UIN: MAXL001V002) for a 35 year old male investing $1K per month for 10 years. The above values have been calculated assuming 16.02% p.a. gross investment returns, which is past 10 years total returns of iShares S&P 100 ETF as on 16-Apr-2026.

Disclaimer: ^*Axis Max Life's Flexi Wealth Advantage Plan (UIN: 104L121V04) is a Unit Linked Pension Plan. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V04) is only the name of the unit linked pension product and does not in any way indicate the quality of the contract, its future prospects or returns. The premium paid in the Unit Linked Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

Please note, while our website has been updated with the changed corporate name and brand identity, our product collaterals will be updated in due course. We regret any inconvenience caused.

Disclaimer: @^Not taxable in India as per DTAA subject to providing valid TRC, No Permanent establishment certificate and Form 10F. This clause holds true for:

a) Kuwait, Saudi Arabia & UAE: Applicable for both Traditional (Non-ULIPs) & Capital Gains (ULIPs).
b) Oman & Qatar: Applicable for only Capital Gains (ULIPs).

Disclaimer: ^8The award is for product Axis Max Life Smart Term Plan Plus, winner under Life Insurance Term Plan category as per survey of 1800 people by NielsonIQ across categories.

Disclaimer: ^9Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09) for a sum assured of 1 Cr. The above mentioned premium is the discounted monthly premium to be paid in 1st year. 25% Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

Disclaimer: ^10Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V09) for a life cover of 2 Cr. The above mentioned premium is the discounted monthly premium to be paid in 1st year. 25% Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

Disclaimer: *7The returns shown above are based on the past performance of AMLI’s High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104). These are past returns and are not indicative of return of AMLI's India Sector Leaders Opportunities Fund (SFIN: ULIF04922/07/26SECLEADERS104). The above values have been calculated for a 30-year-old male investing 15k per month for 10 years assuming 23.9% p.a. gross investment returns basis 6 years’ performance of existing active fund with Axis Max Life Insurance, as on date 13 July 2026 after adjusting for all expenses in Axis Max Life’s Capital Guarantee Plan which is combination of Axis Max Life Online Savings Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN: 104N124V17).

Disclaimer: *8BSE 500 Enhanced Value 50 Index was launched on 20th June 2005. The past returns are back tested based on historical returns and formula (provided by BSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s BSE 500 Value 50 Index Fund II. Axis Max Life’s BSE 500 Value 50 Index Fund II (SFIN: ULIF04807/07/26BSENHVALUE104) is a passively managed Index Fund that mirrors BSE 500 Enhanced Value 50 Index, subject to tracking error.

The fund value calculation is done by projecting historical returns of BSE 500 Enhanced Value 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life’s Online Savings Plan Plus (UIN: 104L131V02) for a 30 year old Male investing 10K/15K per month for 10 years. The above values have been calculated assuming 27.42% p.a. gross investment returns, which are the past 5 year returns of BSE 500 Enhanced Value 50 Index as on 29th May 26.

Disclaimer: *9The assumed rate of return (8% p.a.) shown in the illustrative example is not guaranteed is not the upper or lower limit of what you might get back. The value of your policy depends on multiple factors including future investment performance. The maturity amount shown is for a 30-year-old healthy male, paying premium of ₹10,000 per month for 30 years premium payment term, and 30 years policy term with Axis Max Life Online Saving Plan Plus (A Unit Linked Non-Participating Individual Life Insurance Plan) | Life Insurance is available in this product.

^***Returns are displayed at the policy level and are based on investments allocated to the available funds. They are calculated using the current applicable NAV and may vary depending on market performance. Past performance should not be construed as indicative of future returns. For complete details, please refer to the applicable Policy Terms and Conditions.

Profit/Loss value is displayed at the policy level and represents the difference between the current fund value and the total premium paid. It is calculated using the current applicable NAV and may increase or decrease based on market performance. The displayed value is indicative in nature and should not be construed as guaranteed. For complete details, please refer to the applicable Policy Terms and Conditions.

Disclaimer: &1The returns shown above are total returns of iShares Global Tech ETF. These are past 10 years returns and are not indicative of returns of AMLI's World Equity Fund (SFIN: ULGC006002026GLOBALINNOMAX). AMLI's Global Innovation Leaders Fund provides diversified equity. It is designed for investors seeking global diversification. At least 80% of the fund corpus is invested in equities/ETFs at all times. The remaining is invested in cash, money market instruments and other ETFs. The fund value calculation is done by projecting the past 10 years’ returns of iShares Global Tech ETF after adjusting for all expenses in Axis Max Life Smart Global Investment Fostering Tomorrow Plan (UIN: MAXL001V002) for a 35 year old male investing $XX per month for XX years. The above values have been calculated assuming 25.41% p.a. gross investment returns, which is past 10 years total returns of iShares Global Tech ETF as on 30-Jun-2026.

Disclaimer: *6For Sum assured of 75 lakh, 1 crore, 1.5 crore, and 2 crore, the below calculations are based on Axis Max Life Smart Term Plan Plus (A Non-Linked, Non-Participating Individual Pure Risk Life Insurance Plan, UIN: 104N132V01). These are monthly premium amounts assuming Regular Pay and monthly payment mode.

Age of Male ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
18 Years (PPT: 67 years)1675/Month
Total Premium: 12.75 lakh
930/Month
Total Premium: 7.08 lakh
1,674/Month
Total Premium: 12.74 lakh
930/Month
Total Premium: 7.08 lakh
2,511/Month
Total Premium: 19.11 lakh
1,395/Month
Total Premium: 10.62 lakh
3,069/Month
Total Premium: 23.36 lakh
1,705/Month
Total Premium: 12.98 lakh
25 Years (PPT: 60 years)2,213/Month
Total Premium: 15.08 lakh
1,229/Month
Total Premium: 8.38 lakh
2,292/Month
Total Premium: 15.62 lakh
1,273/Month
Total Premium: 8.68 lakh
3,438/Month
Total Premium: 23.43 lakh
1,910/Month
Total Premium: 13.02 lakh
4,138/Month
Total Premium: 28.21 lakh
2,299/Month
Total Premium: 15.67 lakh
35 Years (PPT: 50 years)3,582/Month
Total Premium: 20.35 lakh
1,990/Month
Total Premium: 11.30 lakh
4,007/Month
Total Premium: 22.76 lakh
2,226/Month
Total Premium: 12.64 lakh
6,011/Month
Total Premium: 34.15 lakh
3,339/Month
Total Premium: 18.97 lakh
6,821/Month
Total Premium: 38.75 lakh
3,790/Month
Total Premium: 21.53 lakh
45 Years (PPT: 40 years)6,722/Month
Total Premium: 30.55 lakh
3,734/Month
Total Premium: 16.97 lakh
7,395/Month
Total Premium: 33.61 lakh
4,108/Month
Total Premium: 18.67 lakh
11,093/Month
Total Premium: 50.42 lakh
6,163/Month
Total Premium: 28.01 lakh
14,390/Month
Total Premium: 65.40 lakh
7,994/Month
Total Premium: 36.33 lakh
55 Years (PPT: 30 years)13,121/Month
Total Premium: 44.73 lakh
7,289/Month
Total Premium: 24.85 lakh
15,303/Month
Total Premium: 52.16 lakh
8,502/Month
Total Premium: 28.98 lakh
12,955/Month
Total Premium: 78.25 lakh
12,753/Month
Total Premium: 43.73 lakh
30,006/Month
Total Premium: 102.29 lakh
16,670/Month
Total Premium: 56.83 lakh
60 Years (PPT: 25 years)18,963/Month
Total Premium: 53.87 lakh
10,535/Month
Total Premium: 29.92 lakh
22,272/Month
Total Premium: 63.27 lakh
12,373/Month
Total Premium: 35.15 lakh
33,408/Month
Total Premium: 94.90 lakh
18,560/Month
Total Premium: 52.72 lakh
43,123/Month
Total Premium: 122.50 lakh
23,957/Month
Total Premium: 68.06 lakh

 

 

Age of Female ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
18 Years (PPT: 67 years)1,424/Month
Total Premium payable: 10.83 lakh
791/Month
Total Premium payable: 6.02 lakh
1,423/Month
Total Premium payable: 10.83 lakh
790/Month
Total Premium payable: 6.01 lakh
2,134/Month
Total Premium payable: 16.24 lakh
1,185/Month
Total Premium payable: 9.02 lakh
2,608/Month
Total Premium payable: 19.85 lakh
1,449/Month
Total Premium payable: 11.03 lakh
25 Years (PPT: 60 years)1,881/Month
Total Premium payable: 12.82 lakh
1,045/Month
Total Premium payable: 7.12 lakh
1,948/Month
Total Premium payable: 13.28 lakh
1,082/Month
Total Premium payable: 7.37 lakh
2,922/Month
Total Premium payable: 19.92 lakh
1,623/Month
Total Premium payable: 11.06 lakh
3,518/Month
Total Premium payable: 23.98 lakh
1,954/Month
Total Premium payable: 13.32 lakh
35 Years (PPT: 50 years)3,045/Month
Total Premium payable: 17.29 lakh
1,691/Month
Total Premium payable: 9.61 lakh
3,406/Month
Total Premium payable: 19.35 lakh
1,892/Month
Total Premium payable: 10.75 lakh
5,109/Month
Total Premium payable: 29.02 lakh
2,838/Month
Total Premium payable: 16.12 lakh
5,798/Month
Total Premium payable: 32.94 lakh
3,221/Month
Total Premium payable: 18.30 lakh
45 Years (PPT: 40 years)5,714/Month
Total Premium payable: 25.97 lakh
3,174/Month
Total Premium payable: 14.42 lakh
6,286/Month
Total Premium payable: 28.57 lakh
3,492/Month
Total Premium payable: 15.87 lakh
9,429/Month
Total Premium payable: 42.85 lakh
5,238/Month
Total Premium payable: 23.81 lakh
12,232/Month
Total Premium payable: 55.59 lakh
6,795/Month
Total Premium payable: 30.88 lakh
55 Years (PPT: 30 years)11,153/Month
Total Premium payable: 38.02 lakh
6,196/Month
Total Premium payable: 21.12 lakh
13,008/Month
Total Premium payable: 44.34 lakh
7,226/Month
Total Premium payable: 24.63 lakh
19,511/Month
Total Premium payable: 66.51 lakh
10,840/Month
Total Premium payable: 36.95 lakh
25,506/Month
Total Premium payable: 86.95 lakh
14,170/Month
Total Premium payable: 48.30 lakh
60 Years (PPT: 25 years)16,119/Month
Total Premium payable: 45.79 lakh
8,955/Month
Total Premium payable: 25.43 lakh
18,931/Month
Total Premium payable: 53.78 lakh
10,517/Month
Total Premium payable: 29.87 lakh
28,397/Month
Total Premium payable: 80.67 lakh
15,776/Month
Total Premium payable: 44.81 lakh
36,655/Month
Total Premium payable: 104.13 lakh
20,364/Month
Total Premium payable: 57.85 lakh

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