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Axis Max Life · 104N132V01

Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus (IRDAI UIN 104N132V01) is a term life insurance plan for people aged 18 to 65 at entry, with cover up to age 100.

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 Term Plan Plus is a term life insurance plan from Axis Max Life. Key specifications: maximum entry age 65 years, maximum maturity age 100 years, death claims settled (insurer) 99.7%. Among term life insurance here it fits best for cover to an older age and insurer's claim payout record and low minimum cover.

Sample premium ₹23,234 a year*

*For: Prospectus example: Rishabh, non-smoker 30-year-old male, Regular Cover variant, sum assured Rs 2 crore, policy term 40 years, Rs 23,234 annualised premium for the entire policy term. 'Premium shown in all of the above illustrations is exclusive of any taxes and applicable discounts, if any.' NOTE: SA Rs 2 crore and 40-year term; no Rs 1 crore/30-year figure published.. Your premium will differ.

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

Pros

  • Cover can run to age 100, later than 81% of the 27 term life insurance plans on Comparezi that state it
  • 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 Cover to an older age · What matters most? (pick any) #1 of 29 term life insurance for this
  • 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) #3 of 29 term life insurance for this

Full specifications

Eligibility

Minimum entry age 18 years
Maximum entry age 65 years
Maximum maturity age 100 years
Policy term Regular Cover: 10 to 67 years; Return of Premium: 10 to 50 years; Whole Life Cover: 50 to 82 (100 minus age at entry) years; Credit Protect Cover: 5 to 40 years; other variants per prospectus
Minimum sum assured ₹5,00,000
Maximum sum assured No Limit, subject to limits determined in accordance with the Board approved underwriting policy

Plan

Plan options Regular Cover, Early ROP Plus, Smart Cover, Return of Premium, Whole Life Cover, Income Protection Cover, Credit Protect Cover, Classic Cover
Premium payment Single Pay, Regular Pay (not in Smart Cover, Early ROP Plus, Whole Life Cover), 5 Pay, 7 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60
Return of premium option Yes
Death benefit payout Lumpsum; Monthly Income for 10/20/30 years; Part Lumpsum and Part Monthly Income; Income Protection Cover variant pays monthly income for higher of 120 months or outstanding term
Riders Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V03), Axis Max Life Accidental Death and Dismemberment Rider (UIN 104B027V05)
Terminal illness benefit Yes
Waiver of premium Future premiums waived after a Terminal Illness claim; optional Axis Max Life Waiver of Premium Plus Rider (disability and critical illness)

Premium

Sample annual premium ₹23,234
Sample premium is for Prospectus example: Rishabh, non-smoker 30-year-old male, Regular Cover variant, sum assured Rs 2 crore, policy term 40 years, Rs 23,234 annualised premium for the entire policy term. 'Premium shown in all of the above illustrations is exclusive of any taxes and applicable discounts, if any.' NOTE: SA Rs 2 crore and 40-year term; no Rs 1 crore/30-year figure published.

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 104N132V01

About the Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus (IRDAI UIN 104N132V01) is a term life insurance plan for people aged 18 to 65 at entry, with cover up to age 100. 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: 100 years
  • Policy term: Regular Cover: 10 to 67 years; Return of Premium: 10 to 50 years; Whole Life Cover: 50 to 82 (100 minus age at entry) years; Credit Protect Cover: 5 to 40 years; other variants per prospectus
  • Minimum sum assured: ₹5,00,000
  • Maximum sum assured: No Limit, subject to limits determined in accordance with the Board approved underwriting policy

Plan options

  • Options: Regular Cover, Early ROP Plus, Smart Cover, Return of Premium, Whole Life Cover, Income Protection Cover, Credit Protect Cover, Classic Cover
  • Premium payment: Single Pay, Regular Pay (not in Smart Cover, Early ROP Plus, Whole Life Cover), 5 Pay, 7 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60
  • Return of premium: Covered
  • Death benefit payout: Lumpsum; Monthly Income for 10/20/30 years; Part Lumpsum and Part Monthly Income; Income Protection Cover variant pays monthly income for higher of 120 months or outstanding term
  • Riders: Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V03), Axis Max Life Accidental Death and Dismemberment Rider (UIN 104B027V05)
  • Terminal illness benefit: Covered
  • Waiver of premium: Future premiums waived after a Terminal Illness claim; optional Axis Max Life Waiver of Premium Plus Rider (disability and critical illness)

How it compares on Comparezi

Of the 27 term life insurance plans on Comparezi with a stated maximum maturity age, none has a longer one and 4 have the same.

Premium

It depends on your age, cover, city and options. Axis Max Life's own published premium table gives ₹23,234 a year for this profile: Prospectus example: Rishabh, non-smoker 30-year-old male, Regular Cover variant, sum assured Rs 2 crore, policy term 40 years, Rs 23,234 annualised premium for the entire policy term. 'Premium shown in all of the above illustrations is exclusive of any taxes and applicable discounts, if any.' NOTE: SA Rs 2 crore and 40-year term; no Rs 1 crore/30-year figure published. 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.

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Questions

Smart Term Plan Plus FAQs

It depends on your age, cover, city and options. Axis Max Life's own published premium table gives ₹23,234 a year for this profile: Prospectus example: Rishabh, non-smoker 30-year-old male, Regular Cover variant, sum assured Rs 2 crore, policy term 40 years, Rs 23,234 annualised premium for the entire policy term. 'Premium shown in all of the above illustrations is exclusive of any taxes and applicable discounts, if any.' NOTE: SA Rs 2 crore and 40-year term; no Rs 1 crore/30-year figure published. Your premium will differ; get a quote from the insurer.

104N132V01. 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 100 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 104B033V03), Axis Max Life Accidental Death and Dismemberment Rider (UIN 104B027V05).

Data sources

  • Manufacturer official pages

Last updated

Product details

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