{"uin":"104L075V08","name":"Axis Max Life Forever Young Pension Plan","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08","insurer":{"slug":"axis-max-life-insurance","name":"Axis Max Life Insurance Limited","url":"https://indiainsurances.com/insurer/axis-max-life-insurance"},"line":"life","category":"ulip","category_name":"ULIPs (unit-linked plans)","irdai_type":"ULIP","kind":"product","status":"active","approved_on":"2024-12-31","withdrawn_on":null,"summary":"Axis Max Life Forever Young Pension Plan is a unit linked non-participating individual pension plan with death benefit equal to the higher of 105% of total premiums paid or fund value. The policy has a 5 year lock-in period, free switches without charges, and partial withdrawals from the 6th policy year subject to limits.","analysis":{"state":"machine","analysed_at":"2026-10-19 19:11:50.644621+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":"The wording defines Policy Term as the term specified in the Schedule but does not state a product-level term.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"The claimant must intimate the insurer regarding a claim at the earliest possible time, with necessary documents.","display":"At the earliest possible time, along with necessary documents","note":null,"quote":"The Claimant is required to intimate Us along with necessary documents as mentioned above, regarding a claim under the Policy, at the earliest possible time either in person or through online mode or Our distribution channel or authorized call centre.","sources":[{"clause":"3.5","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-5-2"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Claimant’s statement in the prescribed form (death claim application form -form A)","original Policy document","a copy of police complaint/ first information report","a copy of duly certified postmortem report, autopsy/viscera report and a copy of the final police investigation report /charge sheet","original/ attested copy of death certificate issued by the local/municipal authority","discharge summary / indoor case papers in case death happened due to medical reasons in a hospital","medical booklet / CGHS card details in case of defence and central government personnel","body transfer certificate / embassy documents / post-mortem report whichever applicable in case of death in foreign country","complete passport copy in case of death in foreign country","identity proofs of the Claimants bearing their photographs and signatures","other life / health insurance details with claim history details","employer certificate with complete leave records (Form E)","copy of bank passbook / cancelled cheque of the Claimant","ITR for last 3 years / GST certificate in case of self employed","Bank statement of last 2 years of the Life Insured","any other documents or information required by Us for assessing and approving the claim request","NEFT, a cancelled cheque or copy of passbook with pre-printed name and bank account number","a self-attested photo ID proof"],"display":"Death claim and maturity/vesting documents as listed in the claim procedure","note":"Some documents apply only for accidental, unnatural, suicidal, hospital, foreign-country or self-employed cases.","quote":"For processing a claim request under the Policy, We will require all of the following documents: ... Claimant’s statement in the prescribed form (death claim application form -form A); ... original Policy document; ... a copy of police complaint/ first information report (only in the case of death by accident or unnatural death or suicidal death of the Life Insured); ... a copy of duly certified postmortem report, autopsy/viscera report and a copy of the final police investigation report /charge sheet (only in the case of death by accident or unnatural death or suicidal death of the Life Insured); ... original/ attested copy of death certificate issued by the local/municipal authority (only in the case of death of the Life Insured); ... discharge summary / indoor case papers in case death happened due to medical reasons in a hospital; ... medical booklet / CGHS card details in case of defence and central government personnel; ... body transfer certificate / embassy documents / post-mortem report whichever applicable in case of death in foreign country; ... complete passport copy in case of death in foreign country; ... identity proofs of the Claimants bearing their photographs and signatures (only in case of death of the Life Insured) ... other life / health insurance details with claim history details; ... employer certificate with complete leave records (Form E); ... copy of bank passbook / cancelled cheque of the Claimant; ... ITR for last 3 years / GST certificate in case of self employed; ... Bank statement of last 2 years of the Life Insured; and ... any other documents or information required by Us for assessing and approving the claim request. ... a) NEFT, a cancelled cheque or copy of passbook with pre-printed name and bank account number, for payout through NEFT (if not provided earlier or in case of any change in details provided earlier)\nb) a self-attested photo ID proof.","sources":[{"clause":"3.1","heading":null,"page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-4"},{"clause":"3.1.1","heading":null,"page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-1"},{"clause":"3.1.2","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-2-2"},{"clause":"3.1.3","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-3-2"},{"clause":"3.1.4","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-4-2"},{"clause":"3.1.5","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-5"},{"clause":"3.1.6","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-6"},{"clause":"3.1.7","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-7"},{"clause":"3.1.8","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-8"},{"clause":"3.1.9","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-9"},{"clause":"3.1.10","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-10"},{"clause":"3.1.11","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-11"},{"clause":"3.1.12","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-12"},{"clause":"3.1.13","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-13"},{"clause":"3.1.14","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-14"},{"clause":"3.1.15","heading":"Bank statement of last 2 years of the Life Insured; and","page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-15"},{"clause":"3.1.16","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-16"},{"clause":"3.1.17","heading":"Maturity benefits/ Vesting benefit documents","page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-17"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["If the Life Insured commits suicide, within 12 (Twelve) months from the Date of Commencement of Risk or from the Date of Revival of the Policy, as applicable, the Claimant shall be entitled to the Fund Value","No survival benefits are payable under this Policy."],"display":"Suicide within 12 months pays Fund Value; no survival benefits","note":null,"quote":"If the Life Insured commits suicide, within 12 (Twelve) months from the Date of Commencement of Risk or from the Date of Revival of the Policy, as applicable, the Claimant shall be entitled to the Fund Value, as available on the date of intimation of death of the Life Insured and the Policy will terminate. ... No survival benefits are payable under this Policy.","sources":[{"clause":"6.1","heading":null,"page":26,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-6-1-8"},{"clause":"2.4","heading":"Survival Benefit","page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-4"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"Consumer grievances or queries may first be addressed to the agent or the insurer’s customer helpdesk, including Axis Max Life Insurance Limited, Plot 90C, Sector 18, Udyog Vihar, Gurugram, helpline 1860 120 5577 and email service.helpdesk@axismaxlife.com. If the response is not satisfactory or there is no response within 14 days, the complainant may write to the Grievance Redressal Officer.","display":"First contact agent or customer helpdesk; then Grievance Redressal Officer if no satisfactory response within 14 days","note":null,"quote":"All consumer grievances and/or queries may be first addressed to Your agent or Our customer helpdesk as mentioned below:\na) Axis Max Life Insurance Limited, Plot 90C, Sector 18, Udyog Vihar, Gurugram- 122015, Haryana, India, Helpline No. – 1860 120 5577, Email: service.helpdesk@axismaxlife.com\nb) To any office of Axis Max Life Insurance Limited. ... If Our response is not satisfactory or there is no response within 14 (Fourteen) days ... the complainant or his legal heirs may file a written complaint with full details of the complaint and the complainant’s contact information to the following official for resolution:\nGrievance Redressal Officer, Axis Max Life Insurance Limited- Plot No. 90C, Sector 18, Udyog Vihar, Gurugram, 122015, Haryana, India Helpline No. – 1860 120 5577 or (0124) 4219090 Email: manager.services@axismaxlife.com","sources":[{"clause":"1.1","heading":null,"page":28,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-1-8"},{"clause":"1.2","heading":"If Our response is not satisfactory or there is no response within 14 (Fourteen) days","page":28,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-2-6"},{"clause":"1.2.1","heading":null,"page":28,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-2-1-4"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Sum Assured on Death is the amount specified in the Schedule and will be equal to 105% of Total Premium Paid, excluding rider charge, if any, received until the Life Insured’s death.","display":"105% of Total Premium Paid, exclusive of rider charge, until death","note":null,"quote":"“Sum Assured on Death” means an absolute amount of benefit as specified in the Schedule which is guaranteed to become payable on death of the Life Insured in accordance with the terms and conditions of the Policy. Sum Assured on Death will be equal to 105% (Hundred and Five percent) of Total Premium Paid (exclusive of rider charge, if any) received, until the Life Insured’s death under this Policy;","sources":[{"clause":"50","heading":"“Sum Assured on Death”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-50"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"If the Life Insured dies during the Policy Term while the Policy is in force, the insurer pays the higher of Sum Assured on Death or the Fund Value as on the date of death, after which the Policy terminates. Sum Assured on Death is 105% of Total Premium Paid excluding rider charge.","display":"Higher of Sum Assured on Death or Fund Value as on date of death","note":null,"quote":"In the event of the Life Insured’s death during the Policy Term, provided the Policy is in force, We shall pay the Death Benefit to the Claimant which will be the higher of the following, post which the Policy will terminate: ... Sum Assured on Death; or ... The Fund Value (as on the date of death of the Life Insured). ... Sum Assured on Death will be equal to 105% (Hundred and Five percent) of Total Premium Paid (exclusive of rider charge, if any) received, until the Life Insured’s death under this Policy;","sources":[{"clause":"2.1.1","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-1-1"},{"clause":"2.1.1.1","heading":"Sum Assured on Death; or","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-1-1-1"},{"clause":"2.1.1.2","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-1-1-2"},{"clause":"50","heading":"“Sum Assured on Death”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-50"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"On Vesting Date, if the Life Insured is alive and cover is in force or the Policy is paid-up, the vesting benefit equals the applicable Fund Value. The proceeds may be used for commutation and annuity purchase, full annuity purchase, extension of accumulation or deferment where allowed, or lump sum if insufficient to purchase the minimum annuity.","display":"Applicable Fund Value on Vesting Date, with pension-plan utilisation rules","note":"The document uses the term Vesting Benefit for the maturity-stage benefit of this pension plan.","quote":"If the Life Insured is alive on the Vesting Date and the insurance cover under the Policy is in force or if the Policy is a Paid-Up Policy, then, the vesting benefit will be equal to the applicable Fund Value applicable on the Vesting Date. ... On Vesting Date, You shall be entitled to utilize aforesaid proceeds in one of the following manner: ... Commute up to 60% of Fund Value and utilise the balance amount to purchase an ... Utilise the entire proceeds to purchase an immediate or deferred annuity plan from Us, at the then prevailing annuity rates or from another insurer up to a percentage stipulated by IRDAI, currently 50% of the entire proceeds of the Policy net of commutation; ... Extend the accumulation period or deferment period under the Policy, provided that the ... In case the proceeds of the Policy are not sufficient to purchase minimum annuity as","sources":[{"clause":"2.2.1","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-2-1"},{"clause":"2.2.2","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-2-2-2"},{"clause":"2.2.2.1","heading":"Commute up to 60% of Fund Value and utilise the balance amount to purchase an","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-2-2-1"},{"clause":"2.2.2.2","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-2-2-2-2"},{"clause":"2.2.2.3","heading":"Extend the accumulation period or deferment period under the Policy, provided that the","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-2-2-3"},{"clause":"2.2.2.4","heading":"In case the proceeds of the Policy are not sufficient to purchase minimum annuity as","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-2-2-4"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"For Regular Premium, premiums are payable throughout the Policy Term. For Limited Premium, premiums are payable during a Premium Payment Term that is shorter than the Policy Term. For Single Premium, the premium is paid in a single installment as specified in the Schedule.","display":"Regular: throughout Policy Term; Limited: shorter Premium Payment Term; Single: one installment","note":"Exact product-level Premium Payment Term years are specified in the individual Schedule.","quote":"“Regular Premium” means the Premium payable to Us in regular installments throughout the Policy Term in the manner and at the intervals specified in the Schedule; ... “Limited Premium” means the variant where the Premium is payable to Us during the Premium Payment Term which is limited compared to the Policy Term (i.e. the Policy Term being greater than the Premium Payment Term) and is paid in regular instalments in the manner and at the intervals specified in the Schedule; ... “Single Premium” means the Premium paid to Us in a single installment as specified in the Schedule;","sources":[{"clause":"41","heading":"“Regular Premium”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-41"},{"clause":"22","heading":"“Limited Premium”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-22"},{"clause":"48","heading":"“Single Premium”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-48"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"The maximum age of the Life Insured on the Vesting Date cannot exceed 80 years.","display":"80 years","note":null,"quote":"The maximum Age of the Life Insured on the Vesting Date cannot exceed 80 (Eighty) years.","sources":[{"clause":"1.5","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-5"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If the Life Insured commits suicide within 12 months from the Date of Commencement of Risk or Date of Revival, the claimant gets the Fund Value as available on the date of intimation of death and the policy terminates. Charges other than Fund Management Charges recovered after the date of death are added back to the Fund Value.","display":"Within 12 months: Fund Value on date of intimation of death, with later non-FMC charges added back","note":null,"quote":"If the Life Insured commits suicide, within 12 (Twelve) months from the Date of Commencement of Risk or from the Date of Revival of the Policy, as applicable, the Claimant shall be entitled to the Fund Value, as available on the date of intimation of death of the Life Insured and the Policy will terminate. ... Any charges other than Fund Management Charges recovered subsequent to the date of death of the Life Insured shall be added back to the Fund Value as available on the date of intimation of death.","sources":[{"clause":"6.1","heading":null,"page":26,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-6-1-8"},{"clause":"6.2","heading":null,"page":26,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-6-2-2"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policyholder may surrender at any time during the Policy Term by written notice. Within the Lock-in Period, Fund Value is moved to the Pension Discontinuance Policy Fund after applicable Discontinuance/Surrender Charges and paid or made available after the Lock-in Period under pension-plan utilisation rules; after the Lock-in Period, Surrender Value equals Fund Value on receipt of a valid surrender request.","display":"Within lock-in: Fund Value less charges to Pension Discontinuance Policy Fund; after lock-in: Surrender Value equals Fund Value","note":"For QROPS policies, surrender is available only on or after age 55.","quote":"At any time during the Policy Term, You have the right to Surrender the Policy by giving Us a written notice: ... If You Surrenders the Policy within the Lock in Period, We will credit the Fund Value by creation of Units, into the Pension Discontinuance Policy Fund after deducting applicable Discontinuance/ Surrender Charges and the risk cover under the Policy and any applicable Riders, if any, will cease. ... On the expiry of the Lock in Period, We will close the Unit Account and the value of Units in the Pension Discontinuance Policy Fund as at that date shall be made available to You ... If You Surrender the Policy after the completion of the Lock in Period, We shall close the Unit Account and the Surrender Value which is equal to the Fund Value prevailing on the date of receipt of a valid request for Surrender shall be made available to You","sources":[{"clause":"1","heading":"SURRENDER","page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-6"},{"clause":"1.1.1","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-1-1"},{"clause":"1.1.4","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-1-4"},{"clause":"1.2.1","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-2-1"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"A Paid Up Policy is one where due premiums are discontinued after completion of the Lock-in Period. If a due premium is not received after the Lock-in Period before the Grace Period expires, the policy automatically converts to a reduced Paid-up Policy with paid-up sum assured and continues without rider cover.","display":"After lock-in non-payment: reduced paid-up status with paid-up sum assured","note":null,"quote":"“Paid Up Policy” means a Policy under which due Premiums have been discontinued after the completion of the Lock-in Period; ... If the due Premium is not received in full before the expiry of the Grace Period, the Policy shall be immediately and automatically converted into a Paid-up Policy with the paid-up sum assured. The Policy shall continue to be in reduced paid-up status without rider cover, if any. ... During the Revival Period, the risk cover under a reduced Paid-up Policy shall be restricted to the paid-up sum assured","sources":[{"clause":"28","heading":"“Paid Up Policy”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-28"},{"clause":"5.2.1","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-5-2-1"},{"clause":"5.2.5","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-5-2-5"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"The Revival Period is 3 consecutive years from the date of first unpaid premium. Revival requires a written request, evidence of insurability at the policyholder’s cost acceptable under the underwriting policy, and payment of all overdue premiums in full.","display":"3 years from first unpaid Premium","note":null,"quote":"“Revival Period” means a period of 3 (Three) consecutive years from the date of first unpaid Premium; ... You may exercise the option to revive the Policy during the Revival Period, subject to the following conditions:\ni) You give Us a written request to Revive the Policy or Policy along with the Rider cover;\nii) The Life Insured produces evidence of insurability (in form of declaration of health condition and/or relevant medical reports) at Your own cost, acceptable to Us as per Our Underwriting Policy; and\niii) You pay Us all overdue Premiums, as the case may be, in full.","sources":[{"clause":"43","heading":"“Revival Period”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-43"},{"clause":"5.1.8","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-5-1-8"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Loans are not available under the policy.","display":"No policy loans","note":null,"quote":"You are not entitled to loans under the Policy.","sources":[{"clause":"2.1","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-2-1-3"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"not-stated","value":null,"display":null,"note":"The wording defines riders and has a rider placeholder in the Schedule, but does not name any available rider.","quote":null,"sources":[],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"The policy cannot be called in question on any ground after expiry of 3 years from the date of issuance, commencement of risk, revival, or rider, whichever is later. Within 3 years it may be questioned on fraud, or on material misstatement or suppression, with written communication of grounds and materials.","display":"No questioning after 3 years; within 3 years only as provided for fraud or material misstatement","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from a. the date of issuance of policy or b. the date of commencement of risk or c.the date of revival of policy or d. the date of rider to the policy, whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years from a.the date of issuance of policy or b.the date of commencement of risk or c.the date of revival of policy or\nd. the date of rider to the policy, whichever is later. ... Life insurance Policy can be called in question within 3 years on the ground that any statement of or suppression of a fact material to expectancy of life of the insured was incorrectly made","sources":[{"clause":"Section 45","heading":"Policy shall not be called in question on the ground of mis-statement after three years","page":31,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-section-45"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"Tax benefits may be available as per prevailing tax laws, and tax laws and their interpretation or application are subject to change. The policyholder is advised to consult a tax advisor regarding applicable tax benefits and liabilities.","display":"Tax benefits may be available as per prevailing tax laws; consult tax advisor","note":null,"quote":"Tax benefits may be available as per prevailing tax laws. Tax laws, their interpretation and/or application, including benefits arising thereunder are subject to change. You are advised to consult your tax advisor regarding the tax benefits and liabilities applicable to you.","sources":[{"clause":"1.3","heading":null,"page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-3-2"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"“Free Look” means a period of thirty (30) days beginning from the date of receipt of the Policy, to review the terms and conditions of the Policy, where if You disagree with any of those terms and conditions or otherwise and have not made any claim, You have the option to return the Policy stating the reasons for the same.","sources":[{"clause":"10","heading":"FREE LOOK PERIOD","page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-10-2"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days; 15 days for monthly mode","note":"15 days where the Policyholder pays the Premium on a monthly basis; 30 days in all other cases.","quote":"The Grace Period for payment of the Premium for all types of life insurance policies shall be 15 (Fifteen) days where the Policyholder pays the Premium on a monthly basis and 30 (thirty) days in all other cases;","sources":[{"clause":"19","heading":"“Grace Period” (other than single premium policies)","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-19"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"The Life Insured must be at least 18 years and not more than 70 years old on the Date of Commencement of Risk.","display":"18 years to 70 years","note":null,"quote":"The minimum Age of the Life Insured on the Date of Commencement of Risk should be 18 (Eighteen) years. ... The maximum Age of the Life Insured on the Date of Commencement of Risk cannot exceed 70","sources":[{"clause":"1.2","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-2-2"},{"clause":"1.3","heading":"The maximum Age of the Life Insured on the Date of Commencement of Risk cannot exceed 70","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-3"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["annually","semi-annually","quarterly","monthly"],"display":"Annually, semi-annually, quarterly or monthly","note":null,"quote":"The Regular Premium or Limited Premium can be paid by You annually, semi-annually, quarterly or monthly, as per the Premium payment mode chosen by You.","sources":[{"clause":"4.2","heading":null,"page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-2-2"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Single Premium","Regular Premium","Limited Premium"],"display":"Single Premium, Regular Premium and Limited Premium","note":null,"quote":"“Single Premium” means the Premium paid to Us in a single installment as specified in the Schedule; ... “Regular Premium” means the Premium payable to Us in regular installments throughout the Policy Term in the manner and at the intervals specified in the Schedule; ... “Limited Premium” means the variant where the Premium is payable to Us during the Premium Payment Term which is limited compared to the Policy Term","sources":[{"clause":"48","heading":"“Single Premium”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-48"},{"clause":"41","heading":"“Regular Premium”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-41"},{"clause":"22","heading":"“Limited Premium”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-22"}],"law":[]},{"key":"lock_in","label":"Lock-in period","section":"Renewal and rights","meaning":"Years before you can withdraw. ULIPs have a 5-year lock-in.","status":"quote-verified","value":{"unit":"years","amount":5},"display":"5 years","note":null,"quote":"“Lock in Period” means a period of 5 (Five) consecutive Policy Years from the Date of Commencement of Risk during which period the proceeds of the Policy cannot be paid by Us to You or to the Life Insured, as the case may be, except in the case of death or upon the happening of any other contingency covered under the Policy;","sources":[{"clause":"23","heading":"“Lock in Period”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-23"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 42","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 54.1 and 54.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.5","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.22 to 1.24","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vii) to (ix)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"funds","label":"Fund options","section":"Cover","meaning":"The investment funds you can choose and their risk.","status":"quote-verified","value":["Axis Max Life Pension Growth Super Fund - High","Axis Max Life Pension Life Growth Fund - High","Axis Max Life Pension Life Balanced Fund - Moderate","Axis Max Life Pension Life Conservative Fund - Low","Axis Max Life Pension Life Secured Fund - Low","Axis Max Life NIFTY 500 Multifactor 50 Index Pension Fund - Very High","Axis Max Life High Growth Pension Fund - Very High","Axis Max Life BSE 500 Dividend leaders 50 Index Pension Fund - Very High","Axis Max Life BSE 500 Value 50 Index Pension Fund - Very High"],"display":"9 fund options with Low to Very High risk ratings","note":"The Pension Discontinuance Policy Fund is available only in case of discontinuance of policy and is not listed as a normal chosen investment option.","quote":"The Funds currently available for investment under the Policy and the investment objectives of each Fund are as follows.\nName of Fund | Investment objectives | Investment mix | Risk rating\nAxis Max Life Pension Growth Super Fund (SFIN: ULIF01213/08/PEN SGRWSUP104) | The investment objective of this Fund is to provide potentially higher returns to Unit holders by investing predominantly in equities (to target growth in capital value of assets), however, the Fund may also invest in Government securities, corporate bonds and money market instruments. | • Government securities and Corporate bonds: 0- 40% • Money market & Cash instruments: 0- 20% • Equities: 70-100% | High\nAxis Max Life Pension Life Growth Fund (SFIN: ULIF00525/11/05P ENSGROWTH104) | The investment objective of the growth fund is to provide potentially higher returns to Unit holders by investing primarily in equities (to target growth in capital value of assets), however, the Fund will also invest in government securities, corporate bonds and money market instruments. | • Government securities and Corporate bonds: 0- 60% • Money market & Cash instruments: 0- 20% • Equities: 20-70% | High\nAxis Max Life Pension Life Balanced Fund (SFIN: ULIF00625/11/13P ENSBALANC104) | The investment objective of the balanced fund is to provide balanced returns from investing in both fixed income securities (to target stability of returns) as well as in equities (to target growth in capital value of assets). | • Government securities and Corporate bonds: 40- 90% • Money market & Cash instruments: 0- 20% • Equities: 10-40% | Moderate\nAxis Max Life Pension Life Conservative Fund (SFIN: ULIF00725/11/05P ENSCONSER104) | The investment objective of this Fund is to provide stable returns by investing in assets of relatively low to moderate level of risk. The Fund will invest primarily in fixed interest securities such as government securities, corporate bonds etc. However, the Fund will also invest in equities. | • Government securities and Corporate bonds: 50- 100% • Money market & Cash instruments: 0- 20% • Equities: 0-15% | Low\nAxis Max Life Pension Life Secured Fund (SFIN: ULIF00825/11/05 PENSSECURE104) | The investment objective of this Fund is to provide stable returns by investing in relatively low risk assets. The Fund will invest exclusively in fixed interest securities such as government securities, corporate bonds etc. | • Government securities and Corporate bonds: 50- 100% • Money market & Cash instruments: 0- 20% | Low\n• Equities: Nil\nAxis Max Life NIFTY 500 Multifactor 50 Index Pension Fund (SFIN: ULIF03523/06/25P ENSMULFAC104) | The investment objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s Nifty 500 Multifactor MQVLv 50 Index based on a combination of momentum, quality, value and low volatility factors. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error. | • Government securities and Corporate bonds: Nil • Money market & Cash instruments: 0- 20% • Equities: 80-100% | Very High\nAxis Max Life High Growth Pension Fund (SFIN: ULIF03722/09/25P ENSHIGHGR104) | The investment objective of the fund is to invest in mid cap equities, where predominant investments are equities of companies with high growth potential in the long term. | • Government securities and Corporate bonds: 0- 30% • Money market & Cash instruments: 0- 30% • Equities: 70-100% | Very High\nAxis Max Life BSE 500 Dividend leaders 50 Index Pension Fund (SFIN : ULIF04017/11/25P ENDIVLEAD104) | The objective of the fund is to invest in a basket of stocks drawn from the constituents of BSE 500 Dividend Leaders 50 Index. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error. | • Government securities and Corporate bonds: Nil • Money market & Cash instruments: 0- 20% • Equities: 80-100% | Very High\nAxis Max Life BSE 500 Value 50 Index Pension Fund (SFIN : ULIF04408/01/26B SEVALIPEN104) | The Objective of the fund is to invest in a basket of stocks drawn from the constituents of BSE 500 Enhanced Value 50 Index based on value parameters. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error. | • Government securities and Corporate bonds: Nil • Money market & Cash instruments: 0- 20% • Equities: 80-100% | Very High","sources":[{"clause":"1.1","heading":null,"page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-1-1-6"}],"law":[]},{"key":"premium_allocation_charge","label":"Premium allocation charge","section":"Charges","meaning":"Part of each premium taken before investing.","status":"quote-verified","value":"For Regular and Limited Premium through online channels, the charge is 0.75% of each modal premium for annual premium payment mode and Nil for non-annual premium payment mode. For other channels, it is 12% annual or 9% non-annual in policy year 1, and 4% annual or 3% non-annual from policy year 2 onwards; Single Premium has no Premium Allocation Charge; Top up Premium charge is 1%.","display":"Online: 0.75% annual, Nil non-annual; other channels: 12%/9% in year 1 and 4%/3% from year 2; Single Premium Nil; Top up 1%","note":null,"quote":"i) For Regular Premium and Limited Premium: <<\nFor Online channels ... Annual premium payment mode | Non-Annual premium payment mode\n0.75% of each modal premium | Nil\nFor Other channels\nPolicy Year | Annual Premium payment mode | Non-Annual Premium payment mode ... 1 | 12% of each modal premium | 9% of each modal premium\n2 and above | 4% of each modal premium | 3% of each modal premium ... ii. For Single Premium, there will be no Premium Allocation Charge.\niii. For Top up Premium, the Premium Allocation Charge will be 1% of the Top up Premium received.","sources":[{"clause":"4.1.1","heading":"The Premium Allocation Charge is as follows","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-1-1"},{"clause":null,"heading":"Premium Allocation Charge","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-premium-allocation-charge"},{"clause":"Row 1","heading":"12% of each modal premium","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-row-1"},{"clause":null,"heading":"Premium Allocation Charge","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-premium-allocation-charge-2"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"quote-verified","value":"For Single Premium, the monthly Policy Administration Charge is 0.08% of the Single Premium, increasing at 4% per annum from the 2nd policy year and capped at INR 400 per month. For Regular and Limited Premium, online channel charge is 1% of Annualised Premium per month subject to caps, and other-channel charges vary by policy year from 0.10% to 0.50% of Annualised Premium per month capped at INR 500 per month.","display":"Single: 0.08% per month increasing 4% p.a., capped INR 400; Regular/Limited: online 1% of annualised premium per month with caps; other channel 0.10% to 0.50% per month, capped INR 500","note":null,"quote":"The Policy Administration Charge will be deducted starting on a monthly basis during the Policy Term. The rates of the Policy Administration Charge are as follows:\nPremium Payment Term | Policy Administration Charge\nSingle Premium | 0.08% of the Single Premium per month, increasing at 4% per annum commencing from the 2nd (second) Policy Year (i.e. Thirteen month). This charge is capped at INR .400 per month.\nRegular Premium and Limited Premium | << For online channels: 1% of Annualised Premium per month will be charged. This charge is capped at: Annual Premium (INR) Cap per month (INR) 24,000 - 35,999 100 36,000 - 59,999 150 60,000 - 79,999 250 80,000 and above 350 For other channels- For Policy Year 1-5: 0.10% of Annualised Premium will be levied per month. - For Policy Year 6 -10: 0.45% of the Annualised Premium will be levied per month. - For Policy Year 11-15: 0.20% of Annualised Premium will be levied per month. - For Policy Year 16 year onwards: 0.50 % of Annualised Premium will be levied per month. This charge is capped at INR 500 per month .","sources":[{"clause":"4.1.3","heading":null,"page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-1-3-2"}],"law":[]},{"key":"fund_management_charge","label":"Fund management charge","section":"Charges","meaning":"Yearly charge on fund value; capped at 1.35% by IRDAI.","status":"quote-verified","value":"Fund Management Charge is levied at annual rates divided by 365 and multiplied by days since the previous Valuation Date. Rates are 1.25% for Pension Growth Super and Pension Life Growth, 1.10% for Pension Life Balanced, 0.90% for Pension Life Conservative and Pension Life Secured, 1.35% for the NIFTY 500 Multifactor 50 Index, High Growth, BSE 500 Dividend Leaders 50 Index and BSE 500 Value 50 Index funds, and 0.50% for the Pension Discontinuance Policy Fund.","display":"0.90% to 1.35% p.a. by fund; Pension Discontinuance Policy Fund 0.50% p.a.","note":null,"quote":"Fund Management Charge shall be levied at rates equal to the annual rate, as given below, divided by 365 (Three Hundred Sixty-Five) and multiplied by the number of days that have elapsed since previous Valuation Date:\nFund name | Fund Management Charge\nAxis Max Life UL Pension Growth Super Fund | 1.25%\nAxis Max Pension Life Growth Fund | 1.25%\nAxis Max Life Pension Life Balanced Fund | 1.10%\nAxis Max Life Pension Life Conservative Fund | 0.90%\nAxis Max Life Pension Life Secured Fund | 0.90%\nAxis Max Life NIFTY 500 Multifactor 50 Index Pension Fund | 1.35%\nAxis Max Life High Growth Pension Fund | 1.35%\nAxis Max Life BSE 500 Dividend leaders 50 Index Pension Fund | 1.35%\nAxis Max Life BSE 500 Value 50 Index Pension Fund | 1.35%\nPension Discontinuance Policy Fund | 0.50%\nIn the case of the Pension Discontinuance Policy Fund, Fund Management Charge of 0.50% per annum will be deducted.","sources":[{"clause":"4.1.2","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-1-2-2"}],"law":[]},{"key":"mortality_charge","label":"Mortality charge","section":"Charges","meaning":"Cost of life cover, deducted monthly by age.","status":"quote-verified","value":"Mortality Charge is levied according to the table of Mortality Charge per 1000 Sum at Risk by attained age and gender. A proportionate Mortality Charge is levied on every Monthly Anniversary by cancelling units from the Unit Account at the prevailing NAV.","display":"Age and gender based charge per 1000 Sum at Risk, deducted monthly","note":"The full mortality table runs from attained age 18 to 80.","quote":"Mortality Charge: The Mortality Charge shall be levied in accordance with the table specified below: ... Mortality Charge per 1000 Sum at Risk ... Attained Age | Males | Females* | Attained Age | Males | Females*\n18 | 0.87 | 0.7 | 60 | 11.16 | 8.93 ... 80 | 61.99 | 46.32 ... During the Policy Term, a proportionate Mortality Charge shall be levied by Us on every Monthly Anniversary by cancelling an appropriate number of Units from the Unit Account at the prevailing NAV.","sources":[{"clause":"4.1.5","heading":"Mortality Charge","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-1-5"},{"clause":null,"heading":"Mortality Charge per 1000 Sum at Risk","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-mortality-charge-per-1000-sum-at-risk"}],"law":[]},{"key":"discontinuance_charge","label":"Discontinuance charge","section":"Charges","meaning":"Charge if you stop paying in the first five years.","status":"quote-verified","value":"Discontinuance/Surrender Charge applies on discontinuance or surrender. For Regular and Limited Premium, the charge in policy years 1 to 4 is the lower of a percentage of annualised premium or fund value and a rupee maximum, with 0%/Nil from policy year 5 onwards; for Single Premium, the charge similarly applies in policy years 1 to 4 and is 0%/NIL from policy year 5 onwards. There is no surrender charge on Fund Value pertaining to Top Up Premium.","display":"Applies in policy years 1 to 4; 0%/Nil from 5th policy year onwards; no charge on Top Up Fund Value","note":"The charge table has different percentages and fixed rupee caps by premium amount band and premium type.","quote":"Discontinuance/ Surrender Charge: This charge shall be levied on the Discontinuance/ surrender of the Policy in accordance with the following table: ... i) For Regular Premium and Limited Premium:\nSurrender/ Discontinuance Charge shall be lower of the following: ... 1st Policy Year | 20% | 3000 | 6% | 6000\n2nd Policy Year | 15% | 2000 | 4% | 5000\n3rd Policy Year | 10% | 1500 | 3% | 4000\n4th Policy Year | 5% | 1000 | 2% | 2000\n5th Policy Year and onwards | 0% | Nil | 0% | Nil ... ii) For Single Premium:\nSurrender/ Discontinuance Charge shall be lower of the following: ... 5th Policy Year onwards | 0% | 0% | NIL | 0% | 0% | NIL\nThere is no surrender charge on Fund Value pertaining to Top Up Premium.","sources":[{"clause":"4.1.7","heading":"Discontinuance/ Surrender Charge","page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-1-7"},{"clause":"4.1.7(i)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-1-7-i"},{"clause":"4.1.7(ii)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-1-7-ii"},{"clause":null,"heading":"Premium","page":23,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-premium"}],"law":[]},{"key":"switches_withdrawals","label":"Switches and partial withdrawals","section":"Renewal and rights","meaning":"Free fund switches and withdrawals after lock-in.","status":"quote-verified","value":"Premium redirection has no cap during a Policy Year and is free of charge. Fund switches are allowed by written request with a minimum switch amount of Rs. 500 and can be made any number of times without charges. Partial withdrawals are not allowed before the 6th Policy Year, cannot exceed 25% of Fund Value, and are allowed only three times during the Policy Term.","display":"Free unlimited premium redirections; free unlimited switches with minimum Rs. 500; partial withdrawals from 6th year, max 25% of Fund Value, three times","note":"Partial withdrawals are also restricted to stipulated reasons; for QROPS Policy, no partial withdrawal is allowed until age 55.","quote":"There is no cap on the number of Premium Redirection during a Policy Year and all are free of charge. ... You may Switch Units from one Fund to another Fund by giving Us a written request. We will cancel Units from the Fund from which You wish to Switch out and purchase Units in the Fund in which You have chosen to reinvest, provided that the minimum amount to be Switched is at least Rs. 500 (Rupees Five Hundred). You may Switch any number of times without any charges. ... You shall not be allowed to make any Partial Withdrawal before the commencement of the 6th ... The maximum amount of Partial Withdrawal does not exceed 25% (Twenty-Five percent) of Fund ... Partial Withdrawal shall be allowed only three times during the Policy Term.","sources":[{"clause":"3.1","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-3-1-2"},{"clause":"4.1","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-4-1-2"},{"clause":"5.1.1","heading":"You shall not be allowed to make any Partial Withdrawal before the commencement of the 6th","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-5-1-1-2"},{"clause":"5.1.2","heading":"The maximum amount of Partial Withdrawal does not exceed 25% (Twenty-Five percent) of Fund","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-5-1-2-2"},{"clause":"5.1.3","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747#c-5-1-3-2"}],"law":[]}],"documents":[{"kind":"wording","label":"Axis Max Life Forever Young Pension Plan - (UIN: 104L075V04)","pages":32,"fetched_at":"2026-10-17 19:41:29+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/104L075V04_Forever%20Young%20Pension%20Plan_Policy%20Document_Withdrawn.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2720"},{"kind":"wording","label":"Axis Max Life Forever Young Pension Plan - (UIN: 104L075V08)","pages":33,"fetched_at":"2026-10-17 19:41:59+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/104L075V08_Forever%20Young%20Pension%20Plan_Policy%20Document_Withdrawn.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08/document/2747"}],"versions":[{"uin":"104L075V04","version":null,"approved_on":null},{"uin":"104L075V08","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Axis Max Life Insurance official website","url":"https://www.axismaxlife.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims centre","url":"https://www.axismaxlife.com/claims-centre","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.axismaxlife.com/customer-servicing/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Pay renewal premium","url":"https://www.axismaxlife.com/cs/pay-online","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Axis Max Life Forever Young Pension Plan (UIN 104L075V08), IndiaInsurances, https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-forever-young-pension-plan-104l075v08"}