Axis Max Life ULIP Plan

Axis Max Life ULIP Plan is a dynamic financial solution that combines life insurance with investment opportunities. This unique Unit Linked Insurance Plan (ULIP) from Axis Max Life Insurance offers you the dual benefit of protection and wealth creation.

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  • 4.8 Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80 C
  • Zero LTCG Tax
  • In built life cover

Top performing plans with High Returns**

Invest ₹10K/month & Get ₹1 Crore# returns

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7.7 Crore
Registered Consumer
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Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
Equity (Large, Mid Cap)
Balanced
Debt
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
High Growth Fund
Fund Size: 8,243 Cr
8,243 Cr
120.7 -0.87%
31.47% Highest Returns
22.76%
19.3%
Get Details
Growth Super Fund
Fund Size: 14,072 Cr
14,072 Cr
83.76 -0.91%
17.5% Highest Returns
14.79%
12.83%
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Growth Fund
Fund Size: 8,880 Cr
8,880 Cr
109.03 -0.62%
12.63% Highest Returns
10.58%
9.67%
Get Details
Balanced Fund
Fund Size: 2,746 Cr
2,746 Cr
76.07 -0.27%
10.36% Highest Returns
9.39%
9.01%
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Conservative Fund
Fund Size: 231 Cr
231 Cr
56.2 -0.10%
8.1% Highest Returns
7.47%
7.56%
Get Details
Secure Plus Fund
Fund Size: 242 Cr
242 Cr
32.08 -0.03%
7.17%
7.06%
7.45% Highest Returns
Get Details
Secure Fund
Fund Size: 1,076 Cr
1,076 Cr
44.61 -0.02%
7.18% Highest Returns
6.65%
7.16%
Get Details
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 25-12-2024. The returns are the returns of best-performing fund in the plan

Disclaimer :
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

With flexible investment options and a range of funds to choose from, Axis Max Life ULIP empowers you to tailor your financial strategy according to your goals and risk appetite.

Introduction to Axis Max Life ULIP Plan

Axis Max Life ULIP Plans are a unique and improved financial solution for smart investors. They combine features of insurance coverage with investment opportunities and offer the best way to secure your future. These plans provide the flexibility to allocate funds into various investment options based on your risk appetite and financial goals. In essence, Axis Max Life ULIP Plans empower you to protect your loved ones while potentially growing your wealth over time.

Types of Axis Max Life ULIP Plans††

Axis Max Life Insurance Company offers different types of ULIPs each loaded with unique features and benefits. 

Axis Max Life ULIP Plan Entry Age Maximum Maturity Age Premium Payment Term (PPT) Policy Term (PT) Minimum Monthly Premium (in Rs.) Tax Benefits under the Income Tax Act, 1961
Axis Max Life Fast Track Super 30 days - 60 years 100 years Limited Pay: 5 to 12 years;
Regular Pay: 25 to 40 years
25 - 40 years Limited Pay (5 & 6 years): Rs. 4,500;
Others: Rs. 3,000 per month
Section 80C and Section 10(10D)
Axis Max Life Forever Young Plan 30 - 65 years 50 - 75 years Single;
Regular: Same as PT
75 years - Entry Age Single: Rs. 1 lakh;
Regular: Rs. 25,000 annually
Section 80C and Section 10(10D)
Axis Max Life Online Savings Plan - Variant 1 30 days - 65 years 75 years Limited Pay: 5/ 7/ 10/ 12 years
Regular Pay: Same as PT
10 - 30 years Rs. 2,500 Section 80C and Section 10(10D)
Axis Max Life Online Savings Plan - Variant 2 18 - 54 years 64 years 5 - 30 years 5 - 30 years Rs. 1,000 Section 80C and Section 10(10D)
Axis Max Life Platinum Wealth Plan 5 Pay: 30 days - 56 years;
Other than 5 Pay: 30 days - 65 years
18 - 85 years Single;
Limited: 5 to 10/ 12/ 15/ 20 years;
Regular
Single: 10/ 15 to 35 years;
Limited/ Regular: 85 - Entry Age
Rs. 1,000 Section 80C and Section 10(10D)
Axis Max Life Shiksha Plus Super 21 - 50 years 5 Pay: 60 years;
Regular: 65 years
5 Pay: 10 years;
Regular: 15 - 25 years
5 Pay: 10 years;
Regular: 15 - 25 years
5 Pay: Rs. 50,000;
Regular: Rs. 48,000 
Section 80C and Section 10(10D)

Disclaimer: †† Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is done in alphabetical order (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Let us learn the key features of the Axis Max ULIP plans in detail in the following sections.

  1. Axis Max Life Fast Track Super Plan

    The Axis Max Life Fast Track Super Plan is a Unit Linked Insurance Plan (ULIP) that offers you with a life cover that protects your family financially in case of your untimely demise, while also helping you grow your wealth through its various investment options.

    Features of Axis Max Life Fast Track Super Plan:

    • Single Comprehensive Plan: Achieve long-term financial goals and secure your future with a singular plan.

    • Loyalty Rewards: The insurance company provides you with additional loyalty rewards, which can enhance the overall value of your investment.

    • Diverse Investment Choices: You can choose from a range of 13 different funds tailored to your risk tolerance.

    • Flexible Portfolio Management: Enjoy the freedom to switch between funds with 12 free switches annually.

    Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan
  2. Axis Max Life Platinum Wealth Plan

    Axis Max Life Platinum Wealth Plan is a non-participating Unit Linked Insurance Plan (ULIP) offered by Axis Max Life Insurance Company Limited. It is a life insurance plan that also provides the opportunity to invest in a variety of funds. This plan is designed to provide you with long-term financial security and growth.

    Features of Axis Max Life Platinum Wealth Plan:

    • Comprehensive Benefits: You can safeguard your family's future with comprehensive maturity and death benefits.

    • Guaranteed Loyalty Additions: Enjoy added benefits with guaranteed loyalty additions at the end of each policy year.

    • Wealth Boosters: Receive wealth boosters to enhance your financial portfolio.

    • Annual Bonus: Additional bonuses are assured and added to your unit account at the conclusion of each policy year.

    • Enhanced Benefits: Beyond guaranteed loyalty additions, the company also provides guaranteed wealth boosters, further strengthening your financial position.

    People also read: What is ULIP

  3. Axis Max Life Online Savings Plan - Variant 1

    Axis Max Life Online Savings Plan - Variant 1 is a Unit Linked Non-Participating Individual Life Insurance Plan that combines the benefits of savings, investment, and life insurance protection in one convenient package.

    Features of Axis Max Life Online Savings Plan - Variant 1 Plan:

    • Life Coverage with Adjustability: Inherent life cover with the flexibility to increase the coverage as per your needs.

    • Admin and Allocation Charge-Free: No policy admin charges and zero premium allocation charges, while offering cost-effective benefits.

    • Charge-Free Investment: Liberation from investment charges – no allocation charge and zero administration charge.

    • Diverse Investment Choices: Choose from 12 different funds or opt for the Dynamic investment strategy, which balances your equity and debt portfolio to match your risk appetite.

    • Unrestricted Fund Transfers: Switch between funds as often as you wish, adapting to market dynamics effortlessly.

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans

    People also read: Axis Max Life Nifty 500 Momentum 50 Fund NFO

    Eligibility Details

  4. Axis Max Life Online Savings Plan - Variant 2

    The Axis Max Life Online Savings Plan - Variant 2 is a Unit Linked Insurance Plan (ULIP) that offers a unique combination of investment and life cover. It is designed to help you grow your wealth through market-linked returns while simultaneously providing financial protection

    Features of Axis Max Life Online Savings Plan - Variant 2 Plan:

    • Comprehensive Payouts: This plan provides triple protection with a lump sum, monthly income, and auto policy continuation on the demise of parents.

    • Future Premium Coverage: In the event of your demise, the insurance company covers future premiums. The fund value is paid at the end of the policy term.

    • Free Switching: Unlimited free switches between funds during the policy term with no imposed limit on switches per year.

    • Zero Allocation and Admin Charges: Only mortality and fund management charges apply; no premium allocation or policy administration charges.

  5. Axis Max Life Shiksha Plus Super

    Axis Max Life Shiksha Plus is a Unit Linked Insurance Plan (ULIP) from Axis Max Life Insurance that provides financial protection for your child's education and future. It offers a combination of life insurance cover, investment growth, and maturity benefits to help you secure your child's education.

    Features of Axis Max Life Shiksha Plus Plan:

    • Equity Market Participation: Combine insurance with the flexibility to invest in the equity market through a variety of fund options.

    • Education Fund: Build funds to cover your child's higher education costs and future expenses. It also ensures financial security for your child during unforeseen emergencies

    • Investment Choices: Explore 8 fund options, including Government Securities, Corporate Bonds, Money Market & Cash Instruments, and Equity & Equity-related Securities.

    • Annual Bonus: Receive additional units added to your fund every year, starting from the end of the 11th policy year.

    People also read: ULIP Calculator

  6. Axis Max Life Forever Young Plan

    The Axis Max Life Forever Young Plan is a unit-linked non-participating individual pension plan that offers a combination of retirement income, death benefits, and market-linked returns. 

    Features of Axis Max Life Forever Young Plan:

    • Equity-Backed Security: Build a significant retirement corpus with equity participation, minimizing concerns about market downturns.

    • Partner Care Rider: Secure your spouse's financial future with the Partner Care Rider, extending retirement benefits to them.

    • Additional Benefits: Receive guaranteed loyalty benefits at 0.50% of the fund value, added directly to the fund starting from the end of the 10th policy year.

    • Nominee's Choice: In the event of death, your nominee can choose to receive the death benefit as a lump sum or purchase an annuity.

    • Save More Tomorrow: Enhance your retirement corpus with the flexible 'Save More Tomorrow' option, allowing top-up premiums in later years.

To know about Pension Plans check at Axis Max Life Pension Plans

Steps to Apply for the Axis Max Life ULIP Plan on Policybazaar

Follow the steps mentioned below to start investing in a chosen Axis Max Life ULIP Plan through Policybazaar:

Step 1: On the PolicyBazaar homepage, click on ”ULIPs” under the Personal tab.

Step 2: Compare Axis Max Life ULIP plans with others. See premiums, fund options, and benefits to match your goals.

Step 3: Click the desired Axis Max Life ULIP premium quote. Fill in personal details and contact information.

Step 4: Some plans require a medical checkup. Policybazaar will guide you through scheduling one, if needed.

Step 5: Make your premium payment online.

Axis Max Life ULIP Plans - FAQ

  • Can I break the Axis Max Life ULIP Plan after 5 years?

    Yes, you can choose to surrender your ULIP policy anytime, even after the 5-year lock-in period. Axis Max Life ULIP plan also allows partial withdrawal after the 5-year lock-in. It is typically capped at a certain percentage of the fund value.
  • Is Axis Max Life ULIP Plan good for 5 years?

    Determining whether a Axis Max Life ULIP plan is good for 5 years depends on several factors, including your personal financial goals, risk tolerance, and the specific ULIP plan you are considering.

    Advantages of ULIPs for 5 years:

    • Short-term investment and life insurance: If you need life insurance coverage for a specific period, like 5 years, a ULIP could provide both coverage and potential market-linked returns during that time.

    • Tax benefits: Premiums paid towards ULIPs qualify for tax deductions under section 80C of the Income Tax Act in some countries.

  • Are Axis Max Life ULIP Plans a good investment?

    Whether Axis Max Life ULIP plans are a good investment depends on several factors and ultimately needs to be decided by you based on your individual circumstances and goals. Here are the advantages of Axis Max Life ULIP Plan to help you decide:
    • Offer a combination of life insurance coverage and investment funds

    • Market-linked returns

    • Tax benefits under Section 80C and Section 10(10D)

    • Offer various fund options with different risk profiles

    • Disclose their charges and fund performance regularly

  • What is the maximum limit of Axis Max Life ULIP Plan?

    You can start investing in a Axis Max Life ULIP Plan with as low as Rs. 3000 through the best SIP plan and there is no upper limit of investment. However, the maximum limit is as per Board Approved Underwriting.
  • How to pay a premium? What are the modes of payment available?

    The Axis Max Life Insurance company Ltd. offers 6 modes of premium payment namely:
    • Cash payment at the branch
    • Online Payment
    • ECS
    • NEFT/RTGS
    • IVR
    • Credit card Instructions
    • Direct Debit
    • EBPP
    • Payment at Axis Bank Branch
    • Payment at Axis Bank ATM
    • Your bank branch
    • Sky pack Drop boxes

    For the online payment mode, the policyholder can pay via;

    • Credit Card,
    • Debit Card
    • Net banking
  • How can I check policy status for Axis Max Life ULIP plans?

    Registered users can check policy status online. Login with your username and password on the LOGIN tab give on the company’s home page
  • What is the policy renewal process for Axis Max Life ULIP plans?

    For policy renewal online follow these 3 easy steps

    Step1: Enter your Client ID and Date of Birth to login into e-portal

    Step2: Enter the policy details and payment method (Debit/Credit Card or Net Banking)

    Step3: Save/print premium deposit receipt on successful payment intimation

    Alterantively, you can pay via cash/cheque at any of the nearest branch.

  • What is the company’s process to settle claim for Axis Max Life ULIP ?

    For claim settlement the nominee can visit the nearest branch with all the policy documents and the revlant claims form. The claims are settled within 10 working days from collection of all necessary documents for claim settlement.
  • What is the policy cancellation process for Axis Max Life ULIP plans?

    For cancellation you need to visit the nearest branch in person with policy documents and surrender form. Upon successful proceedings, the refund will be directly apid in your bank account.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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