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AXIS MAX LIFE SMART TOTAL ELITE PROTECTION PLAN
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Axis Max Life Term Insurance
Axis Max Life Smart Total Elite Protection
Axis Max Life STEP plan is a pure-risk comprehensive solution at an af ...Read More
🛡️ IRDAI Approved
⭐ 4.6/5 · 959 reviews
📊 2.01 solvency ratio
✅ 99.70% claim settlement ratio
🌐 405+ pan-India
About Axis Max Life Smart Total Elite Protection
A quick read on what this Axis Max Life Term Insurance term plan covers and why it might be a fit for you.
Axis Max Life Smart Total Elite Protection Term Plan is a pure risk protection plan built to give flexible and long-term financial security at an affordable cost. This plan allows you to defer your premiums for 12 months while your coverage stays intact. It allows you to design your term plan and add additional coverage against accidental disability and critical illnesses.
Key benefits of Axis Max Life Smart Total Elite Protection include:
- Special exit value
- Inbuilt terminal illness cover
- Insta payment on claim intimation
- Cover continuance benefit
- High sum assured discounts
- Lower premiums for non-smokers
Eligibility Criteria for Axis Max Life Smart Total Elite Protection
Entry age
Minimum Age - 18 years Maximum Age - 65 years
Maturity age
Maximum Maturity Age - 85 years
Policy term
Minimum term - 10 years Maximum term - 67 years
Sum assured
Base sum assured: 20 lakhs to no limit.
Policy loan
The policy loan is not available under Smart Total Elite Protection Plan.
Payment Modes
Annual, half-yearly, quarterly & monthly
Pros & cons
A quick honest summary — the strengths and the trade-offs.
Pros
- Special Exit Value
- Accident Cover
- Terminal Illness Cover
Cons
- 1-year waiting period for suicide
- No policy loan
- No coverage for undeclared pre-existing illnesses
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
Max Life Smart Term Plan
Who can buy this plan
Eligibility criteria pulled straight from the policy wording.
Entry age - 18 years
Max entry age - 65 years
Minimum sum assured - ₹20 lakhs
Max maturity age - 85 years
Premium Payment Term (PPT) - Regular Pay / Single Pay / Limited Pay
How Does Axis Max Life Smart Total Elite Protection Work?
Let's understand how the Axis Max Life Smart Total Elite Protection works with a simple premium illustration.
Problem
Mr. Verma is looking for a term plan that provides him with life coverage along with special exit value.
Solution
His financial advisor advised him to buy the Axis Max Life Smart Total Elite Protection. He visited PolicyX.com
Let's understand how the Axis Max Life Smart Total Elite Protection works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 12,776 | 30 years | 30 years | Rs 3,83,280 | Rs 1 crore |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, ₹1 crore will be paid to his nominee.
Riders You Can Avail With Axis Max Smart Total Elite Protection Plan
You can add the following riders to your Axis Max Life STEP plan:
Axis Max Life Waiver of Premium Plus Rider
Axis Max Life Waiver of Premium Plus rider supports the insurer and their family by waiving off all future premiums of the term plan, in case of Critical Illness or Permanent Disability.
Axis Max Life Critical Illness and Disability Rider
Under the critical illness rider, the policyholder receives an additional sum assured along with the base sum assured of the policy, in case of diagnosis of any of the 40 listed critical diseases.
Features of Axis Max Life Smart Total Elite Protection
Key features that make Axis Max Life Smart Total Elite Protection stand out.
Choose the premium payment term at the start of the policy
You must choose your premium payment tenure at the start of the policy; it cannot be changed later.
Choose your coverage up to 85 years
You can choose your coverage tenure for up to 85 years, as per your requirements.
Special exit value
You have the option to receive all premiums paid back, starting from the 30th policy year, but not during the last 4 policy years. This benefit is free of cost.
Policy loan
Policy loan is not available under this plan.
Benefits of Axis Max Life Smart Total Elite Protection
Here are the key benefits of the Axis Max Life Smart Total Elite Protection.
High sum assured discounts
Axis Max Life Smart Total Elite Protection offers built-in discounts for higher sum assured amounts (e.g., ₹5 crore or ₹10 crore).
Lower premiums for female lives
The plan offers up to 15% lower premium rates for female policyholders. This discount is valid for all premium payment terms except 'pay till 60'.
No restrictions on travel/occupation
The plan has no restrictions on worldwide travel or future occupation changes. All eligible claims will be settled upon submission of proper documents.
Tax benefits
Axis Max Life Smart Total Elite Protection plan offers tax benefits under Section 80C of the Income Tax Act, 1961, for up to ₹1.5 lakhs of the total premium paid in the same financial year.
Exclusions of Axis Max Life Smart Total Elite Protection Term Plan
Here is the list of exclusions associated with the plan:
- Suicide within the first 12 months of policy inception.
- Injuries or illnesses caused by adventure sports.
- Consumption of drugs or alcohol, except for clinical purposes.
- Any pre-existing disease not declared at policy inception.
Conclusion
Axis Max Life Smart Total Elite Protection is a simple term plan that offers financial protection to your loved ones after your demise. This plan offers a range of benefits including special exit value, inbuilt terminal illness cover, and cover continu
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FAQs: Axis Max Life Smart Total Elite Protection
The 4 most-asked questions about Axis Max Life Smart Total Elite Protection, answered.
The minimum entry age for the Axis Max Life STEP plan is just 18 years of age.
Yes, you can get a tax rebate of up to 1.5 lakh under section 80 of the Income Tax Act.
No, the Axis Max Life Smart Total Elite Protection Term Plan only provides death benefits; no survival benefit will be paid under this plan.
Axis Max Life offers a 30-day grace period and 15 days for an annual premium paid.
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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