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Axis Max Life · 104N118V13

Axis Max Life Smart Secure Plus Plan

Axis Max Life Smart Secure Plus Plan (IRDAI UIN 104N118V13) is a term life insurance plan for people aged 18 to 65 at entry, with cover up to age 85.

Premiums depend on age, cover, city, health and the options you choose. Where the insurer published a premium, the figure shown is for the exact profile stated next to it; your premium will differ. Comparezi does not sell insurance or give advice: check the insurer's prospectus and policy wording, which prevail.

In short

Axis Max Life Smart Secure Plus Plan is a term life insurance plan from Axis Max Life. Key specifications: maximum entry age 65 years, maximum maturity age 85 years, death claims settled (insurer) 99.7%. Among term life insurance here it fits best for insurer's claim payout record and low minimum cover.

Sample premium ₹16,178 a year*

*For: Prospectus 'Sample Premium Rates': non-smoker male, age 30, coverage till age 70 (40-year term), Life Cover Rs 1 crore, Regular Pay, annual, purchased online: Rs 16,178; 'excluding underwriting extra premium, taxes, cesses, if any'. NOTE: 40-year term (to age 70), not 30 years.. Your premium will differ.

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Maximum entry age
65 years
Maximum maturity age
85 years
Death claims settled (insurer)
99.7%

Pros

  • Insurer paid 99.70% of individual death claims, higher than 88% of the 27 term life insurance plans on Comparezi that state it
  • Return-of-premium option available

Who should buy it

  • Best for Insurer's claim payout record · What matters most? (pick any) #2 of 29 term life insurance for this
  • Best for Low minimum cover · What matters most? (pick any) #8 of 29 term life insurance for this

Full specifications

Eligibility

Minimum entry age 18 years
Maximum entry age 65 years
Maximum maturity age 85 years
Policy term 10 to 67 years (Return of Premium variant: up to 50 years; POS: up to 47 years)
Minimum sum assured ₹20,00,000
Maximum sum assured No Limit, subject to limits determined in accordance with the Board approved underwriting policy

Plan

Plan options Life Cover, Increasing Life Cover; optional Return of Premium variant, Joint Life, Premium Break, Accident Cover, Voluntary Sum Assured Top-up
Premium payment Single Pay, Regular Pay, 5 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60; Annual, Semi-annual, Quarterly & Monthly modes
Return of premium option Yes
Death benefit payout Lumpsum; Monthly Income; Part Lumpsum and Part Monthly Income (chosen by nominee at claim)
Riders Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02)
Terminal illness benefit Yes
Waiver of premium Optional Axis Max Life Waiver of Premium Plus Rider (death, disability & critical illness)

Premium

Sample annual premium ₹16,178
Sample premium is for Prospectus 'Sample Premium Rates': non-smoker male, age 30, coverage till age 70 (40-year term), Life Cover Rs 1 crore, Regular Pay, annual, purchased online: Rs 16,178; 'excluding underwriting extra premium, taxes, cesses, if any'. NOTE: 40-year term (to age 70), not 30 years.

Insurer

Death claims settled (insurer) 99.7%
Claims figures for FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
IRDAI UIN 104N118V13

About the Smart Secure Plus Plan

Axis Max Life Smart Secure Plus Plan (IRDAI UIN 104N118V13) is a term life insurance plan for people aged 18 to 65 at entry, with cover up to age 85. It is one of 29 term life insurance plans on Comparezi, from Axis Max Life.

Information only. Comparezi does not sell insurance, does not give advice and is not paid by insurers. The policy wording issued by the insurer prevails over this summary.

Eligibility and cover

  • Entry age: 18 to 65 years
  • Maximum maturity age: 85 years
  • Policy term: 10 to 67 years (Return of Premium variant: up to 50 years; POS: up to 47 years)
  • Minimum sum assured: ₹20,00,000
  • Maximum sum assured: No Limit, subject to limits determined in accordance with the Board approved underwriting policy

Plan options

  • Options: Life Cover, Increasing Life Cover; optional Return of Premium variant, Joint Life, Premium Break, Accident Cover, Voluntary Sum Assured Top-up
  • Premium payment: Single Pay, Regular Pay, 5 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60; Annual, Semi-annual, Quarterly & Monthly modes
  • Return of premium: Covered
  • Death benefit payout: Lumpsum; Monthly Income; Part Lumpsum and Part Monthly Income (chosen by nominee at claim)
  • Riders: Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02)
  • Terminal illness benefit: Covered
  • Waiver of premium: Optional Axis Max Life Waiver of Premium Plus Rider (death, disability & critical illness)

How it compares on Comparezi

Of the 27 term life insurance plans on Comparezi with a stated maximum maturity age, 11 have a longer one and 10 have the same.

Premium

It depends on your age, cover, city and options. Axis Max Life's own published premium table gives ₹16,178 a year for this profile: Prospectus 'Sample Premium Rates': non-smoker male, age 30, coverage till age 70 (40-year term), Life Cover Rs 1 crore, Regular Pay, annual, purchased online: Rs 16,178; 'excluding underwriting extra premium, taxes, cesses, if any'. NOTE: 40-year term (to age 70), not 30 years. Your premium will differ; get a quote from the insurer.

About the insurer

Axis Max Life paid 99.70% of individual death claims in FY 2024-25 (by number of claims, computed from IRDAI's published claim counts).

Similar plans from other insurers

Other term life insurance plans from Axis Max Life

Sources

Checked 6 November 2026. Values the documents do not state are left out rather than estimated. See how Comparezi checks data.

Alternatives

Alternatives to the Smart Secure Plus Plan

All term life insurance →

Aditya Birla Sun Life

Super Term Plan

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 98.65% Death claims settled (insurer)
Sample premium ₹19,400 a year*

Ageas Federal Life

iSecure Plan

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 98.52% Death claims settled (insurer)
Sample premium ₹14,640 a year*

Bajaj Life

iSecure II

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 99.29% Death claims settled (insurer)
Sample premium ₹13,451 a year*

Bandhan Life

iTerm Prime

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 99.73% Death claims settled (insurer)
Sample premium ₹9,453 a year*

Similar cover

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Head to head

Compare the Smart Secure Plus Plan

Questions

Smart Secure Plus Plan FAQs

It depends on your age, cover, city and options. Axis Max Life's own published premium table gives ₹16,178 a year for this profile: Prospectus 'Sample Premium Rates': non-smoker male, age 30, coverage till age 70 (40-year term), Life Cover Rs 1 crore, Regular Pay, annual, purchased online: Rs 16,178; 'excluding underwriting extra premium, taxes, cesses, if any'. NOTE: 40-year term (to age 70), not 30 years. Your premium will differ; get a quote from the insurer.

104N118V13. The UIN identifies the exact product version filed with IRDAI; check it on your policy documents.

From 18 years to 65 years; limits can differ by plan option.

Up to age 85 at most; the limit can differ by plan option.

Yes, as an option or variant; the base cover pays only on death.

99.70% of individual death claims were paid in FY 2024-25, by number of claims, computed from IRDAI's published claim counts. It is an insurer-wide figure, not one for this plan.

Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02).

Data sources

  • Manufacturer official pages

Last updated

Product details

Disclosure

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