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3 Reasons to Buy Axis Max Life Platinum Wealth Plan
- Secure your family’s future with comprehensive maturity and death benefits
- Enjoy guaranteed loyalty additions at the end of the policy year and wealth boosters
- Flexibility to choose premium payment term and policy term as per your convenience
What do You get with Axis Max Life Platinum Wealth Plan?
All You Need to Know about Axis Max Life Platinum Wealth Plan
Maturity Benefit
Amount payable at the end of the policy term
You will receive the total value of funds (called Fund Value) on the date of maturity as a part of this plan provided the settlement option has not been exercised.
Where Fund Value can be calculated as
Fund Value = Summation of [Accumulated Units in Fund(s) x NAV of respective Fund(s) as on the Maturity Date]
Note: In case the Maturity Date is a non-working day for the Company or markets then next working day’s NAV will be applicable.
Death Benefit
Amount payable on the death of the policyholder
In the event of the death of the person insured, the nominee will receive the highest of the following sums:
For Single Pay Variant:
- Sum assured equal to 1.25 times the Single premium for entry ages less than 50 years. For entry ages 50 years and above, sum assured multiple options available under this variant are 1.1 & 1.25 times the Single premium. (reduced by applicable partial withdrawals, if any), or
- 105% of Total premiums paid till the date of death, or
- Total Fund Value (as on the date of death)
- Sum assured equal to higher of chosen death benefit multiple 5 (available only for entry ages greater than or equal to 50 years) or 7 & 10 (for all entry ages) times the annualised premium or 0.5 times the product of Policy Term and annualised premium (reduced by the applicable partial withdrawals, if any), or
- 105% of Total premiums paid till the date of death, or
- Total Fund Value (as on the date of death)
'Sum assured on death' means an absolute amount of benefit which is guaranteed to become payable on death of the life assured in accordance with terms and conditions of the policy.
‘Sum assured (SA)’ is equal to Sum assured on death
Guaranteed Loyalty Additions
Additional bonus added to your unit account at the end of the policy year
You will receive an additional percentage of fund value by addition of equivalent units to your unit account, at the end of the policy year.
Guaranteed Wealth Booster
In addition to the Guaranteed Loyalty Additions the company will also pay Guaranteed Wealth Boosters
An additional percentage of Fund Value will be added to the Fund, by creating additional units at the end of every 5th year starting from the 10th policy year.
Fund Options and Their Performances
Note: Returns are 5-year Compounded Annualised Growth Rate (CAGR). Past performance is not indicative of future performance. The Star rating is the Overall Rating. Rating and returns are as on 31st July 2026.
The above mentioned Fund returns are after deduction of Fund Management Charges (FMC).
In unit-linked insurance policies, investment risk in the investment portfolio is borne by the policyholder. Past performance is not necessarily indicative of future performance. The 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 the fifth year. Returns are 5 years Compounded Annualised Growth Rate (CAGR). Rating and returns are as on 31st July 2026.
© 2020 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from the fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
The ‘Morningstar Overall Rating’ is a quantitative assessment of a fund’s past performance—both return and risk—as measured from one to five stars, with one (1) being the lowest and five (5) being the best as on 31st July 2026.
You can use any of these two investment strategies:
The above mentioned Fund returns are after deduction of Fund Management Charges (FMC).
In unit-linked insurance policies, investment risk in the investment portfolio is borne by the policyholder. Past performance is not necessarily indicative of future performance. The 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 the fifth year. Returns are 5 years Compounded Annualised Growth Rate (CAGR). Rating and returns are as on 31st July 2026.
© 2020 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from the fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
The ‘Morningstar Overall Rating’ is a quantitative assessment of a fund’s past performance—both return and risk—as measured from one to five stars, with one (1) being the lowest and five (5) being the best as on 31st July 2026.
You can use any of these two investment strategies:
| Systematic Transfer Plan | A Systematic Transfer Plan helps replicate a rupee cost averaging method on your Annualised Premium. This option is available only for single premium policies or policies single/annual premium received net of any premium allocation charges shall be allocated first to the Secure Plus Fund. Immediately thereafter and on each subsequent monthly anniversary, the fund value of [1/ (13 - month number in the Policy year)] of the Units available at the beginning of the month shall be switched to Growth Super Fund or Growth Super Fund II (as chosen at the Date of Commencement of Risk) automatically by cancelling Units in the Secure Plus Fund, and purchasing Units in the Growth Super Fund or Growth Super Fund II (as applicable) till the availability of Units in Secure Plus Fund. |
| Dynamic Fund Allocation | An investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance and investment horizon option is an investment strategy that in the early part of your Policy Term invests in equity-oriented funds and as your Policy Term progresses, it shifts the fund allocation towards more conservative funds. You can opt for Dynamic Fund Allocation option only at the inception of the policy. Under this option, assets under management shall be maintained among Growth Super Fund or Growth Super Fund II (as chosen by the policyholder at inception of policy) and Secure Fund in a pre-defined proportion that changes depending upon the years left to maturity as per the matrix below: |
| Number of Years to Maturity | Assets under management to be maintained under the Growth Super Fund or Growth Super Fund II* | Assets under management be maintained under the Secure Fund |
|---|---|---|
| 16 – 20 | 80% | 20% |
| 8 - 15 | 70% | 30% |
| 4 - 7 | 50% | 50% |
| 0 - 3 | 20% | 80% |
*As chosen by the policyholder at inception of policy
Health Management Services under Plantinum Wealth Plan
Under this benefit, the policyholder will have the option to take Health Management Services such as medical second opinion, medical consultation, discounts on medicines from the service providers registered with the company.
These wellness services can help the life insured to get an independent diagnosis of any medical condition and thus help the life insured to take the required steps. These services will be provided subject to following conditions:
- The policy is in-force, and all premiums are paid up to date
- The availability of suitable service provider(s)
- Primary diagnosis (wherever applicable) has been done by a registered medical practitioner as may be authorized by a competent statutory authority
- Health management service is available to be utilized throughout the Policy Term, subject to prevailing eligibility conditions
- The eligibility conditions of Life Insured will be determined as per Board Approved Underwriting Policy and will be reviewed periodically. The changes shall apply without any discrimination to all existing and new customers of the product
- In case of any change, the eligibility details will be displayed on Our website
- Whenever the eligibility criteria changes or the service is withdrawn, the same shall be communicated to all the Policyholders
The following conditions are applicable for this service:
- These services are aimed at improving Policyholder engagement
- These value-added services are completely optional for the eligible customer to avail
- For Life Insured, availing such services, they are offered at no additional cost to Life Insured
- The Premiums charged shall not depend on whether such a service(s) is offered or availed
- The Life Insured may exercise his/her own discretion to avail the services
- These services shall be directly provided by the service provider(s)
- All the supporting medical records should be available to avail the service
- Axis Max Life Insurance retains the right to discontinue the service or change the service provider(s) at any time. The services may be withdrawn at any time if felt necessary by the Company
The services are being provided by third party service provider(s) and Axis Max Life Insurance will not be liable for any liability.
Download Policy-related Documents
Policy Prospectus
Format: PDF|Size: 960 KB|Language: English
Policy Contract
Format: PDF|Size: 2 MB|Language: English
Policy Leaflet
Format: PDF|Size: 804 KB|Language: English
Customer Information Sheet
Format: PDF|Size: 420 KB|Language: English
Additional Benefits Through Riders
ARN: PDP/PWPA/230426
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