You can apply for the policy via Axis Bank Internet Banking or the Axis Mobile App.

To apply through Internet Banking:

• Login to your internet banking portal
• Click on "Apply Now."
• Select Insurance
• Click on Apply Now
• Click on the "Buy Now" button for Max Life Term Insurance Plan

To apply through the Axis Mobile App:

• Login using your MPIN
• Select 'Insurance' under 'Apply Now' under 3 Bar Menu
• Click the "Buy Now" button for Max Life Term Insurance Plan

To apply using your Registered Mobile Number and OTP

• Click here to initiate the journey
• Enter your Registered Mobile Number, and click on Submit
• Enter OTP received on your registered mobile number & then click on Agree & Proceed

• Customer Service Number 18002003383
• Customer Service Timings: 09:00 AM - 09:00 PM Monday to Saturday (except National holidays)  

Renewal is till the end of premium payment term. Max Life Smart Secure Plus Plan offers maximum coverage till 85 years. If the customer is for instance, 35 years and opts for coverage till 85 years in a regular pay plan, renewal will happen till 50 years of policy term. NOT till life time in case customer lives beyond 85 years of age.

If a customer is with Axis today and buys a Smart Secure Plus Plan with MLI, 2 years from now if he stops being Axis Customer, policy will continue in his name and he can keep paying.

Yes, multiple covers under Max Life Smart Secure Plus Plan can be issued to a customer.( (Subject to Underwriting))

Yes, Max Life Term Insurance Plan provides the option of 4 add-on covers, which are - Critical Illness Benefit, Accidental Death Benefit, Waiver of Premium Option and Total Return of Premium Option. Needs to be selected at the time of solicitation of policy

While calculating the premium for a term plan, we consider factors, such as your age, annual income, health condition and whether you are smoker/non-smoker. The final premium payable is based on these factors and the life cover you choose for a specific premium payment tenure.

Anyone between the age of 18 and 65 years is eligible to purchase a term plan. Term plan serves as an income replacement tool for your family in your absence.

Term insurance covers both natural and accidental death. We will pay the deceased's family the sum assured chosen at the time of buying the policy, irrespective of the cause of death.

However, there are specific exclusions as well. For instance, if death happens on account of suicide within one year of buying the policy or if material facts have not been disclosed at the time of purchasing the policy, then the claim can be denied.

For detailed information on such terms and conditions, please read the policy documents carefully.

Typically, it is suggested that the sum assured in a term plan should be at least ten times your annual income. But you can increase it to 15-20 times.

While choosing life cover, you need to take into account your financial liabilities, such as home loan, car loan, personal loan, and others. Also, consider your dependents and figure out an estimate of the amount of money they would require for their future needs, such as children's education or parent's medical expenses.

When buying a term plan, you need to provide the following documents:

• Age Proof: PAN Card, voter's ID, passport, driving license, school/college passing certificate, birth certificate
• Address Proof: Utility bill, passport, voter's ID, landline telephone bill, ration card, electricity bill, bank A/C statement, a letter from recognised Public Authority
• Photo Identity Proof: Driving license, voter's ID, passport, PAN card, a letter from recognisedPublic Authority or public servant with photograph verifying the identity and residence, Aadhaar Card, recent passport size photograph
• Income Proof Salary slip, Form 16, ITR/Assessment Order/ Employers Certificate.

You may also have to provide medical reports in case our insurance team asks for the same.

You can claim tax exemption up to Rs 1.5 lakh on the premium paid for a term plan, under Section 80C of the Income Tax Act. The only condition is that the chosen sum assured should be ten times the premium paid. Besides, the insurance benefits (sum-assured) received in a term plan are tax-exempt.

Similarly, for critical illness benefits, you can get tax benefits for up to Rs 25,000 under Section 80D.

Term plan pays a fixed amount on the death of the policyholder. The money can be used for any purpose, including paying off existing loans, such as home loans and car loans.
One main reason to buy a term plan is to safeguard your family from financial liabilities in your absence.

To know more about premiums and tenures, visit our website: https://www.axisbank.com/docs/default-source/default-document-library/max-life-smart-secure-plus-plan-important-documents.pdf

For details about nominee-related queries, like why you should have a nominee, who can be a nominee, etc, visit this link:https://www.axisbank.com/docs/default-source/default-document-library/max-life-smart-secure-plus-plan-important-documents.pdf

To know more about different kinds of riders available, contact using the link: https://www.axisbank.com/docs/default-source/default-document-library/max-life-smart-secure-plus-plan-important-documents.pdf