Axis Max Life Smart Wealth Advantage Guarantee Plan

● Existing Customer Discount: A 2% discount will be applicable on first-year premium for the non-single premium payment term. For single pay variants, this discount is 0.5%.

● Auto Debit Boosters: An amount equal to 1% of the premiums (including modal loadings) paid through auto debit mode will be added in the survival benefit.

● Staff Discount: A 2% discount will be applicable on the first year premium for non-single pay variants.

● Transgender Lives Discount: A 2% discount will be applied on the premium paid for non-single pay variants (For the first year). As for single pay variants, this discount is 0.5% of single premium.

● Discounts for Women: To encourage women to buy Axis Max Life Smart Wealth Advantage Guarantee Plan, separate rates are applicable for females.

● Variant 1 l Wealth for Milestones: Survival benefit is not applicable under this variant.● Variant 2 l Regular Wealth: The survival benefit applicable under this variant includes both the income benefit and Loyalty Income Booster. The booster is equal to 20% of the Income Benefit.● Variant 3 l The Long-Term Wealth: The survival benefit applicable under this variant includes both the income benefit and the Loyalty Income Boosters. The booster is equal to 40% of the Income Benefit.● Variant 4 l Early Wealth Variant: Under this variant, only income benefit is applicable.● Variant 5 l Lifelong Wealth Variant : This variant offers income benefits, Loyalty Income Boosters equal to 40% of the Income Benefit, and Money Back Benefit payable once the subscriber attains the age of 85. The Money Back Benefit equals 50% of the Sum Assured on Maturity (SAM).

● Variant 1 and Variant 4 (Wealth for Milestones and Early Wealth Plan) – The maturity benefit under these variants include Sum Assured on Maturity and accrued guaranteed additions. ● Variant 3 and Variant 5 (Long Term Wealth and Lifelong Wealth) – Under these variants, maturity benefit would be equal to the Sum Assured on Maturity (SAM). This sum shall be equal to the total premiums payable.

The long-term wealth variant of Axis Max Life Smart Wealth Advantage Guarantee Plan pays back the total premium paid by you as a lump-sum on maturity. It is a limited pay variant where you can choose the premium payment term, income period, and deferment period of 0 to 5 years. The maturity benefit under this variant is the total premium paid by you.

**Variant 1 (Wealth for Milestones variant):**The Wealth for Milestones variant is ideal for those who prefer a lump-sum maturity amount to fulfill their short-term financial goals. The variant is also suitable for those who prefer to invest in guaranteed lump-sum instruments.

Variant 2 (Regular Wealth variant): The Regular Wealth variant is ideal for individuals who want a regular stream of secondary income for a designated period of time to fulfil multiple planned goals for their family and children.

Variant 3 (Long-term Wealth variant): The Long-term Wealth variant of the plan is ideal for who want a regular stream of long term secondary income to fulfil multiple planned goals for themselves and their family.

Variant 4 (Early Wealth Variant):The Early Wealth variant of the plan is ideal for investors who prefer to get their returns starting as early as year/month 1.

Variant 5 (Lifelong Wealth Variant): The Lifelong Wealth variant of our plan is ideal for individuals wanting an income stream for their post retirement years.

Axis Max Life Waiver of Premium Plus Rider (UIN: 104B029V06)

This ensures you do not have to pay future premiums if you are diagnosed with a critical illness, dismemberment, or death. The benefit can be redeemed only if the life insured and policyholder are different individuals.

Axis Max Life Accidental Death and Dismemberment Rider (UIN: 104B027V05)

This riderprovides additional benefits in case of death or dismemberment of the insured due to an accident.

Axis Max Life Term Plus Rider (UIN: 104B026V04)

This rider provides additional lump-sum benefit if the life insured dies untimely.

Axis Max Life Critical Illness and Disability Rider: (UIN: 104B033V02)

This rider offers an additional lump-sum benefit if the insured is diagnosed with a critical illness or total and permanent disability

Boundary Conditions for Policies Sold through POSP (Point of Sales Person)

Axis Max Life Smart Wealth Advantage Guarantee Plan can be availed through POSP (Point of Sales Person). However, some policy terms vary for sales made through POS. Here are the terms:

• Every variant except Variant 3 and 5 is available to be sold through POS. This is because the maximum policy term allowed under the POS variant is 20 years as per applicable regulations.
• Riders cannot be purchased through POS.
• A medical examination won’t be needed if the product is bought from POSP.
• A waiting period of 90 days applies for the policies sold through POS Persons. If the customer dies during the waiting period, then no benefit is payable apart from refund of 100% of the premium paid since the date of commencement of policy. In case of death of Life Insured due to accident, the Waiting Period is not applicable, and Death Benefit shall be payable. The Waiting Period is not applicable in case of revival of the policy.
• For policies sold through POS persons, the product shall comply with all the extant provisions applicable for POS products, as amended from time to time.
• The maximum age at maturity for policies sold through POS is 65 years.
• The maximum sum assured on death for policies sold through POS is INR 25 lakhs. However, if the policy is bought from Axis Max Life, the maximum sum assured on death would be higher.