{"uin":"104N076V22","name":"Axis Max Life Guaranteed Lifetime Income Plan","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22","insurer":{"slug":"axis-max-life-insurance","name":"Axis Max Life Insurance Limited","url":"https://indiainsurances.com/insurer/axis-max-life-insurance"},"line":"life","category":"pension-annuity","category_name":"Pension and annuity","irdai_type":"Product","kind":"product","status":"active","approved_on":"2013-07-15","withdrawn_on":null,"summary":"Axis Max Life Guaranteed Lifetime Income Plan is a non-linked non-participating individual annuity plan that pays a guaranteed income for life on a single or joint life, starting immediately or after a deferment of 1 to 10 years. It is bought by single premium or, for deferred options, limited pay of 5 to 10 years; options with a death benefit return the premium (at least 105% of premiums for deferred options).","analysis":{"state":"extracted","analysed_at":"2026-10-16 07:12:00.162346+00","note":"Every stated fact carries a verbatim quote found in the cited clause."},"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":"cross-checked","value":["Immediate Annuity (Single Pay)","Deferred Annuity (Single Pay)","Deferred Annuity (Limited Pay)"],"display":"Immediate Annuity (Single Pay); Deferred Annuity (Single Pay); Deferred Annuity (Limited Pay)","note":"Each variant is offered as single life or joint life, with or without death benefit (see annuity_options). POS policies offer only Single Life Immediate Annuity for life (with Death Benefit).","quote":"Immediate Annuity: Single Pay • Deferred Annuity: Single Pay and Limited Pay (5 to 10 years) ... For Point of Sale (POS) Policy: Only “Single Life Immediate Annuity for life (with death benefit)” shall be available.","sources":[{"clause":null,"heading":"Annuity Options","page":6,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-annuity-options"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"cross-checked","value":"For life: until the death of the annuitant (single life) or of the last surviving annuitant (joint life).","display":"Until death of the annuitant (last survivor for joint life)","note":null,"quote":"the policy term will be the period commencing on the Date of Commencement of Risk till the death of the Annuitant, ... the policy term will be the period commencing on the Date of Commencement of Risk till the death of the last surviving Annuitant.","sources":[{"clause":"26(a)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-26-a"},{"clause":"26(b)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-26-b"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"cross-checked","value":"The claim must be intimated with the necessary documents at the earliest possible time; the CIS says all deaths must be notified immediately in writing, with claim forms within 90 days of the event.","display":"At the earliest possible time (CIS: death to be notified immediately in writing; claim forms within 90 days)","note":"Delay may be condoned on merit if the reason was beyond the claimant's control (CIS).","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 ... All cases of death must be notified immediately to us in writing. However, We may condone delay on merit for delayed claims ... Claim forms as required by us must be completed and furnished to us, at the Claimant’s expense, within 90 ... days after the date the insured event happens, unless specified otherwise.","sources":[{"clause":"2.5","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-5-7"},{"clause":"2.4(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/222#c-2-4-ii"}],"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":"cross-checked","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 (only in the case of death by accident or unnatural death of the Annuitant)","a copy of duly certified post mortem 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 of the Annuitant)","original/ attested death certificate issued by the local/municipal authority","identity proof of the Claimant bearing their photographs and signatures","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 / postmortem report whichever applicable in case of death in foreign country","complete passport copy in case of death in foreign country","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","in case of a medical/natural death of the Life Insured, the attending physician’s statement (Form C) and the medical records (admission notes, discharge/death summary, test reports, etc.)","NEFT mandate form attested by bank authorities","Bank details of Claimant"],"display":"Death claim form A, original policy, death certificate, claimant ID and bank details, police and post-mortem reports for unnatural death, medical records, and others","note":"For survival benefit (annuity): NEFT form and cancelled cheque or passbook copy if not provided earlier. The insurer may ask for any other documents.","quote":"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 of the Annuitant) ... a copy of duly certified post mortem 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 of the Annuitant) ... original/ attested death certificate issued by the local/municipal authority ... identity proof of the Claimant bearing their photographs and signatures ... 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 / postmortem report whichever applicable in case of death in foreign country ... complete passport copy in case of death in foreign country ... 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 ... in case of a medical/natural death of the Life Insured, the attending physician’s statement (Form C) and the medical records (admission notes, discharge/death summary, test reports, etc.) ... NEFT mandate form attested by bank authorities ... Bank details of Claimant ... NEFT Form (if not provided earlier); ... A cancelled cheque or copy of passbook with pre-printed name and bank account number, for payout through NEFT (if not provided earlier); ... any other documents or information required by Us for assessing and approving the claim request.","sources":[{"clause":"2.1.1","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-7"},{"clause":"2.1.2","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-2-2"},{"clause":"2.1.3","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-3-2"},{"clause":"2.1.4","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-4-2"},{"clause":"2.1.5","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-5-2"},{"clause":"2.1.6","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-6"},{"clause":"2.1.7","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-7"},{"clause":"2.1.8","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-8"},{"clause":"2.1.9","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-9"},{"clause":"2.1.10","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-10"},{"clause":"2.1.11","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-11"},{"clause":"2.1.12","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-12"},{"clause":"2.1.13","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-13"},{"clause":"2.1.14","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-14"},{"clause":"2.1.15","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-15"},{"clause":"2.1.16","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-16"},{"clause":"2.1.17","heading":"Bank details of Claimant; and","page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-17"},{"clause":"2.1.19","heading":"Survival Benefit documents","page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-19"},{"clause":"2.1.18","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-18"}],"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":"cross-checked","value":"30 days after receipt of all documents or completion of investigations, if any, whichever is later.","display":"30 days from receipt of all documents or end of investigation, whichever is later","note":"From the CIS; the policy wording gives no claim settlement time.","quote":"Turn Around Time (TAT) for claims settlement: 30 days after receipt of entire documents or completion of investigations, if any, whichever is later","sources":[{"clause":"2.4(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/222#c-2-4-ii"}],"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":"cross-checked","value":["No exclusions"],"display":"No exclusions","note":"The prospectus suicide clause says the normal death benefit is paid on suicide.","quote":"Brief list of the applicable exclusions, if any: No exclusions ... There are no restrictions on travel or occupation under the Policy.","sources":[{"clause":"2.4(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/222#c-2-4-ii"},{"clause":"5","heading":"TRAVEL AND OCCUPATION","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-5-7"}],"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":"cross-checked","value":"First to your agent or the Axis Max Life customer helpdesk (helpline 1860 120 5577, service.helpdesk@axismaxlife.com) or any office; if not resolved in 14 days, to the Grievance Redressal Officer (manager.services@axismaxlife.com).","display":"Agent or customer helpdesk (1860 120 5577, service.helpdesk@axismaxlife.com); then Grievance Redressal Officer after 14 days","note":"The IRDAI Bima Bharosa cell can also be approached; Ombudsman after 1 month without response or within 1 year of rejection.","quote":"All consumer grievances and/or queries may be first addressed to Your agent or Our customer helpdesk as mentioned below: ... Helpline No. – 1860 120 5577, Email: service.helpdesk@axismaxlife.com, ... Any office of Axis Max Life Insurance Limited. ... If Our response is not satisfactory or there is no response within 14 (Fourteen) days ... Grievance Redressal Officer, Axis Max Life Insurance Limited Plot No. 90C, Udyog Vihar, Sector 18, Gurugram, 122015, Haryana, India Helpline No. – 1860 120 5577 or (0124) 4219090 Email: manager.services@axismaxlife.com ... the complainant or his legal heirs may approach the Grievance Cell of the IRDAI ... If You are not satisfied with the redressal or there is no response within a period of 1 (One) month or within 1 year after rejection of complaint by Us, the complainant or his legal heirs or nominee, or Assignee may approach Insurance Ombudsman","sources":[{"clause":"1.1","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-1-4"},{"clause":"1.2","heading":"If Our response is not satisfactory or there is no response within 14 (Fourteen) days","page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-2-6"},{"clause":"1.2.1","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-2-1-2"},{"clause":"1.2.2","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-2-2-3"},{"clause":"1.3","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-3-5"}],"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":"cross-checked","value":"No separate sum assured is printed; the life cover is a return of premium. Immediate annuity with death benefit: the Single Premium plus any Top Up Premium. Deferred annuity: at least 105% of the Single Premium (single pay) or of Total Premiums Paid plus modal loadings (limited pay). Nothing is paid on death under the options without death benefit.","display":"Set by premium: 100% of Single Premium (immediate with death benefit); at least 105% of premiums (deferred)","note":"The CIS shows only a placeholder 'Sum Assured on Death: <SA on Death>'. The deferred death benefit is the higher of (premiums plus accrued Guaranteed Additions minus annuity paid) or 105% of premiums; see death_benefit.","quote":"If the Schedule specifies that Single Premium ‘Single Life Immediate Annuity for life (without Death Benefit) option’ or the Single Premium ‘Joint Life Annuity for life (without Death Benefit) option’ is in force, no amount will be payable; ... We will pay the Claimant an amount equal to the Single Premium received plus Top Up Premium (if any, received during the Policy Term). ... OR 105% of (Single Premium received plus Top Up Premium (if received during the Deferment Period)) ... OR 105% of (Total Premiums Paid plus loadings for modal premiums) ... Premium** of the policy in case of Immediate Annuity for Life (with Death Benefit), minimum 105% of Premium** in case of Single Pay Deferred Annuity for Life (with Death Benefit) and 105% of Total Premiums Paid# in case of Limited Pay Deferred Annuity for Life (with Death Benefit) is returned to the nominee. ... 100% of Single Premium* + Top-up Premium# if any","sources":[{"clause":"2.1.1.1","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-1"},{"clause":"2.1.1.2","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-2"},{"clause":"2.1.1.4","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-4"},{"clause":"2.1.1.6","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-6"},{"clause":"5","heading":"Option to receive minimum return of Premium** on death","page":1,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-5"},{"clause":null,"heading":"PLAN BENEFITS","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-plan-benefits"}],"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":"cross-checked","value":"Nil under options without death benefit. Immediate annuity with death benefit: Single Premium plus Top Up Premium. Deferred annuity: higher of (premiums plus accrued Guaranteed Additions minus annuity paid) or 105% of premiums. Paid in lump sum to the claimant.","display":"Nil (without death benefit options); Single Premium plus top-ups (immediate with death benefit); higher of premiums plus Guaranteed Additions less annuities paid, or 105% of premiums (deferred)","note":"Joint life: paid on death of the last surviving annuitant. Limited pay uses Total Premiums Paid plus modal loadings. Top Up Premium paid after the deferment period returns 100% of that top-up. Annuity paid after death but before intimation is deducted.","quote":"If the Schedule specifies that Single Premium ‘Single Life Immediate Annuity for life (without Death Benefit) option’ or the Single Premium ‘Joint Life Annuity for life (without Death Benefit) option’ is in force, no amount will be payable; ... We will pay the Claimant an amount equal to the Single Premium received plus Top Up Premium (if any, received during the Policy Term). ... We will pay the Claimant an amount which is higher of: (Single Premium received plus Top Up Premium (if received during the Deferment Period) plus accrued Guaranteed Additions) minus (total Annuity payments made till the date of intimation of death, if any); OR 105% of (Single Premium received plus Top Up Premium (if received during the Deferment Period)) ... (Total Premiums Paid plus loadings for modal premiums, if any plus accrued Guaranteed Additions,) minus (total Annuity payments made till the date of intimation of death, if any); OR 105% of (Total Premiums Paid plus loadings for modal premiums) ... The entire Death Benefit, if any, payable under the Policy, shall be payable to the Claimant in lump sum. ... The Death Benefit for the Top Up Premium paid after the Deferment Period will be equal to the Top Up Premium received after the Deferment Period. ... Note: If any Annuity is paid by Us after the date of death of the Annuitant or last surviving Annuitant, as the case may be, but before the date of intimation of death, We shall deduct an amount equal to the total of such Annuity paid from the Death Benefit payable under this Policy.","sources":[{"clause":"2.1.1.1","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-1"},{"clause":"2.1.1.2","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-2"},{"clause":"2.1.1.4","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-4"},{"clause":"2.1.1.6","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-1-6"},{"clause":"2.1.3","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-3"},{"clause":"2.1.2","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-2"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"cross-checked","value":"No maturity benefit is payable.","display":"None","note":null,"quote":"No maturity benefit is payable under the Policy.","sources":[{"clause":"2.4","heading":"Maturity Benefit","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-4"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"cross-checked","value":"Single pay for immediate annuity; single pay or limited pay of 5 to 10 years for deferred annuity.","display":"Single pay; or limited pay 5 to 10 years (deferred annuity only)","note":"From the prospectus; the policy wording leaves the term to the Schedule.","quote":"Premium Payment Term | • Immediate Annuity: Single Pay • Deferred Annuity: Single Pay and Limited Pay (5 to 10 years)","sources":[{"clause":null,"heading":"Annuity Options","page":6,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-annuity-options"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"cross-checked","value":"No maturity age: the policy runs until the death of the annuitant (or last survivor) and no maturity benefit is payable.","display":"None; cover runs for life","note":"Joint life: till the death of the last surviving annuitant. Deferred annuity vesting age is 26 to 90 (single pay) or at least 30 (limited pay).","quote":"the policy term will be the period commencing on the Date of Commencement of Risk till the death of the Annuitant, ... No maturity benefit is payable under the Policy. ... in case of Single Premium Deferred Annuity option, Age of the Annuitant as on the Vesting Date shall be between 26 – 90 years. In case of Limited Premium Payment Variant for Deferred Annuity option, the minimum Age of the Annuitant as on the Vesting Date shall be 30 years.","sources":[{"clause":"26(a)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-26-a"},{"clause":"2.4","heading":"Maturity Benefit","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-4"},{"clause":"1.5","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#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":"cross-checked","value":"No suicide exclusion: on suicide the normal death benefit is paid (nothing under immediate annuity without death benefit).","display":"No exclusion; normal death benefit paid","note":"From the prospectus; the policy wording has no suicide clause.","quote":"In case of Suicide, following benefit will be paid: ... Not Applicable | Death Benefit as defined in the death benefit section | Death Benefit as defined in death benefit section","sources":[{"clause":null,"heading":"Suicide clause","page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-suicide-clause"}],"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":"cross-checked","value":"No surrender value for immediate annuity without death benefit. Single premium immediate annuity with death benefit and single premium deferred options acquire a surrender value right after the free-look period. Limited pay: Guaranteed Surrender Value after two full years' premium and Special Surrender Value after the first policy year. Surrender value is the higher of the two.","display":"Not for immediate annuity without death benefit; single premium with death benefit: right after free-look; limited pay: after 1 to 2 years","note":"GSV: immediate with death benefit 50% x Total Premiums Paid less annuity paid in the year; single pay deferred 75% (years 1-3) or 90% (year 4 on) of premiums during deferment. Surrender value never exceeds the death benefit.","quote":"No Surrender benefit shall be payable, in case you have chosen the following Annuity Option: i) Single Premium ‘Single Life Immediate Annuity for life (without Death Benefit) option’; or; ii) Single Premium ‘Joint Life Immediate Annuity for life (without Death Benefit) option’ ... The Policy will acquire Surrender Value immediately after the end of Freelook period only for the Single Premium Immediate Annuity with Death Benefit option and Single Premium Deferred Annuity options. ... The Surrender Value will be higher of Guaranteed Surrender Value and Special Surrender Value. ... For Limited Premium Payment Variant Deferred Annuity option, the Policy will acquire Guaranteed Surrender Value on payment of two full years’ Premium. ... the Policy will also acquire a Special Surrender Value after completion of first Policy Year provided one full year premium has been received ... 50% x Total Premiums Paid less Annuity already paid during the Policy Year of Surrender ... 1st to end of 3rd Policy Year | 75% ... 4th Policy Year and onwards | 90% ... Hence at no point in time the Surrender Value payable shall exceed the applicable Death Benefit, if any.","sources":[{"clause":"1.1","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-1-2"},{"clause":"1.2","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-2-4"},{"clause":"1.4","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-4-2"},{"clause":"1.5.1","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-5-1"},{"clause":"1.6.1","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-6-1"},{"clause":"1.5.3","heading":"The Guaranteed Surrender Value will be calculated as below","page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-5-3"},{"clause":"1.5.4","heading":"The Guaranteed Surrender Value factor for Single Premium variants are is as follows","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-5-4"},{"clause":"1.7","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-7-2"}],"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":"cross-checked","value":"Limited pay deferred annuity only: once the policy has a surrender value, unpaid premiums make it Reduced Paid Up. Annuity is reduced in proportion to premiums paid over premiums payable; death benefit is the higher of premiums paid plus accrued Guaranteed Additions minus annuity paid, or 105% of premiums paid.","display":"Limited pay only: reduced paid-up annuity in proportion to premiums paid","note":"Not applicable to single premium options. Without a surrender value the policy lapses with no benefit.","quote":"REDUCED PAID-UP BENEFITS (applicable for Limited Premium Payment Variant Deferred Annuity option only) If this Policy has acquired a Surrender Value as specified under Clause 1 of Part D, in the event of non-payment of the due Premiums by You to Us on the expiry of the Gra4ce Period, this Policy will not become a Lapsed Policy and will continue under Reduced Paid Up Mode unless revived. ... Reduced Paid-Up annual Annuity = Original annual Annuity amount *[(Total Premiums Paid plus loadings for modal premiums paid (if any) for base policy) / (total Premiums payable plus loadings for modal premiums payable (if any) for base policy)] ... Total Premiums Paid plus loadings for modal premiums plus accrued Guaranteed Additions minus total Annuity paid out till the date of intimation of death, if any; or ii) 105% of Total Premiums Paid plus loadings for modal premiums.","sources":[{"clause":"7","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-7-2"},{"clause":"7.1","heading":"Reduced Paid-Up Death Benefit","page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-7-1"},{"clause":"7.2","heading":"Reduced Paid-Up Annuity Benefit","page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-7-2-2"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"cross-checked","value":"Limited pay deferred annuity only: a lapsed or reduced paid-up policy can be revived within five years from the due date of the first unpaid premium, with all overdue premiums plus interest and evidence of insurability.","display":"Within 5 years of first unpaid premium (limited pay only)","note":"Revival interest: nil up to 60 days, 7.75% for 61-180 days, 9.75% beyond 180 days (wording). The prospectus prints 5.65% and 7.65% for the same bands on the same 6.75% bank rate; the policy wording prevails.","quote":"REVIVAL OF POLICY (applicable for Limited Premium Payment Variant Deferred Annuity option only) ... A Lapsed Policy or a Policy under Reduced Paid Up Mode can be revived for full benefits within five years from the due date of the first unpaid Premium by paying all the due premiums together with applicable interest ... 0-60 | Nil | 0.00% ... 61-180 | RBI Bank Rate + 1% per annum. compounded annually on due Premiums | 7.75% ... >180 | RBI Bank Rate + 3% per annum. compounded annually on due Premiums | 9.75% ... If You produce an evidence of insurability (in form of declaration of health condition and/or relevant medical reports) of Life Insured/ Insured Persons at Your own cost","sources":[{"clause":"3","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-3-9"},{"clause":"3.1","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-3-1-2"},{"clause":"3.1.3","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-3-1-3"},{"clause":"3.1.2","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-3-1-2-2"}],"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":"cross-checked","value":"Yes, for deferred annuity options only, during the deferment period once the policy has a surrender value. Minimum Rs 10,000, up to 80% of the surrender value; interest currently 9.75% a year.","display":"Yes, deferred options only: Rs 10,000 to 80% of surrender value, 9.75% interest","note":"Policy terminates if loan plus interest exceeds the surrender value; unpaid loan at end of deferment is recovered from surrender value and the policy ends.","quote":"Once this Policy has acquired the Surrender Value, You will be eligible for grant of loans from Us during the Deferment Period. You may avail loan under this Policy provided You have chosen the Deferred Annuity options. ... The minimum amount of loan which can be granted by Us under this Policy is INR 10,000 (Rupees Ten Thousand). The maximum amount of loan which can be granted under this Policy during the Policy Term shall not exceed 80% (Eighty percent) of the Surrender Value ... The interest rate is currently 9.75% per annum.","sources":[{"clause":"2.1","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-1-4"},{"clause":"2.2","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-2-4"},{"clause":"2.3","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-3-6"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"cross-checked","value":["None"],"display":"None","note":"From the CIS; no rider is described in the policy wording, prospectus or leaflet.","quote":"Riders opted, if any | None","sources":[{"clause":"2.4(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/222#c-2-4-ii"}],"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":"cross-checked","value":"No policy can be questioned on any ground after 3 years from issue, commencement of risk, revival or rider date, whichever is later; within 3 years it can be questioned for fraud or material misstatement, with written grounds.","display":"Not questionable after 3 years; within 3 years only for fraud or 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. 2. On the ground of fraud, a policy of Life Insurance may be called in question within 3 years ... 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 ... For this, the insurer should communicate in writing to the insured or legal representative or nominee or assignees of insured, as applicable, mentioning the ground and materials on which such decision is based.","sources":[{"clause":"Section 45","heading":"Policy shall not be called in question on the ground of mis-statement after three years","page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#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":"cross-checked","value":"Tax benefits may be available as per prevailing tax laws, which may change; consult a tax advisor.","display":"Tax benefits may be available as per prevailing tax laws","note":"Annuities under NPS paid to NRIs/OCIs are subject to TDS (prospectus).","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. ... Annuities purchased under NPS payable to Non-Resident Indians (NRIs) / Overseas Citizens of India (OCIs) are subject to Tax Deducted at Source (TDS).","sources":[{"clause":"1.3","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-3-4"},{"clause":null,"heading":"Website: https://www.axismaxlife.com","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-website-https-www-axismaxlife-com"}],"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":"cross-checked","value":{"unit":"days","amount":30},"display":"30 days","note":"Refund less proportionate risk premium, stamp duty, annuity paid and medical costs. For QROPS, NPS or pension-plan money, the refund goes back to the source fund.","quote":"You have the option to cancel it by returning the Policy with a written request stating the reasons for the same within the Freelook period of thirty (30) days beginning from the date of receiving the policy document. ... You will be entitled for refund of the Premiums paid after deducting proportionate risk premium for the period of cover (if any), stamp duty charges, amount of Annuity paid, if any and the expenses incurred on medical examination of the Life Insured, if any","sources":[{"clause":"5.1","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-5-1-2"},{"clause":"5.2","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-5-2-3"}],"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":"cross-checked","value":{"unit":"days","amount":30},"display":"30 days (15 days for monthly mode)","note":"Limited pay deferred annuity only; no grace period applies to single premium options.","quote":"GRACE PERIOD (applicable for Limited Premium Payment Variant Deferred Annuity option only) ... If the Premium is not paid by the due date, a Grace Period of 15 days will be given for the payment of due premium for monthly frequency and 30 days Grace Period for due premium for quarterly, half yearly and annual frequencies.","sources":[{"clause":"8","heading":"GRACE PERIOD (applicable for Limited Premium Payment Variant Deferred Annuity option only)","page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-8-2"},{"clause":"8.1","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-8-1"}],"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":"cross-checked","value":"Minimum 25 years (immediate and deferred, single and limited pay); maximum 85 years. No minimum for Single Life Immediate Annuity without death benefit bought with proceeds of the insurer's pension accumulation plan.","display":"25 to 85 years","note":"POS policies: 40 to 70 years. QROPS: minimum 55 years. Prospectus and leaflet show the immediate annuity minimum as 0 years for pension accumulation plan proceeds.","quote":"25 (Twenty Five) years in case of Immediate Annuity option. However, in case the Policy is purchased from the proceeds arising out of the Surrender benefit, Death Benefit or maturity benefit payable under Our pension accumulation plan and Single Life Immediate Annuity for life (without Death Benefit) option is chosen, then minimum Age requirement will not be applicable. ... 25 (Twenty Five) years in case of Deferred Annuity option. ... The maximum Age of the Annuitant on the Date of Commencement of Risk cannot exceed 85 (Eighty Five) years. ... The minimum entry Age for POS Policy is 40 years. The maximum entry Age for POS Policy is 70 years. ... 55 (Fifty-Five) years in case of Immediate Annuity option, ... 55 (Fifty -Five) years in case of Single Premium Deferred Annuity option and Limited Premium Payment Variant Deferred Annuity option, ... Minimum | 0* years | 25 years | 25 years","sources":[{"clause":"1.2.1","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-2-1"},{"clause":"1.2.2","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-2-2-2"},{"clause":"1.4","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-4"},{"clause":"1.6","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-6"},{"clause":"1.3.1","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-3-1"},{"clause":"1.3.2","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-3-2-2"},{"clause":null,"heading":"How does Axis Max Life Guaranteed Lifetime Income Plan work?","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-how-does-axis-max-life-guaranteed-lifetime-incom"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"cross-checked","value":["Single","Annually","Semi-annually","Quarterly","Monthly"],"display":"Single premium; or annual, semi-annual, quarterly, monthly (limited pay)","note":"Regular modes apply to the limited pay variant only; modal factors 0.5075 (semi-annual), 0.2558 (quarterly), 0.0857 (monthly).","quote":"Single Premium/Annually / Semi – Annually / Quarterly / Monthly ... In case of Limited Premium Payment Variant, You can pay the Premium annually, semi-annually, quarterly or on monthly basis, as per the Premium payment mode chosen by You.","sources":[{"clause":null,"heading":"POLICY SCHEDULE","page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-policy-schedule"},{"clause":"5.2","heading":null,"page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-5-2-2"}],"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":"cross-checked","value":["Single premium","Limited premium"],"display":"Single premium or limited premium","note":"Limited premium is available only with the deferred annuity options.","quote":"Once the Single Premium has been received no other premium payments will be accepted under the Policy, except Top Up Premium. ... “Limited Premium Payment Variant” means where the Premium is payable to Us during the Premium Payment Term which is limited compared to the Policy Term","sources":[{"clause":"5.1","heading":null,"page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-5-1"},{"clause":"21","heading":"“Limited Premium Payment Variant”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-21"}],"law":[]},{"key":"annuity_options","label":"Annuity options","section":"Cover","meaning":"Life annuity, joint life, return of purchase price, increasing annuity...","status":"cross-checked","value":["Single Life Immediate Annuity for life (without Death Benefit), Single Premium","Single Life Immediate Annuity for life (with Death Benefit), Single Premium","Joint Life Immediate Annuity for life (without Death Benefit), Single Premium","Joint Life Immediate Annuity for life (with Death Benefit), Single Premium","Single Life Deferred Annuity for life (with Death Benefit), Single Premium","Joint Life Deferred Annuity for life (with Death Benefit), Single Premium","Single Life Deferred Annuity for life (with Death Benefit), Limited Premium Payment Variant","Joint Life Deferred Annuity for life (with Death Benefit), Limited Premium Payment Variant"],"display":"Single or joint life; immediate (with or without death benefit) or deferred (with death benefit); single or limited pay","note":"POS policies: only Single Life Immediate Annuity for life (with Death Benefit). Option cannot be changed after inception.","quote":"Single Premium ‘Single Life Immediate Annuity for life (without Death Benefit) option’ or Single Premium ‘Single Life Immediate Annuity for life (with Death Benefit) option’ or Single Premium 'Single Life Deferred Annuity for life (with Death Benefit) option’ or Limited Premium Payment Variant 'Single Life Deferred Annuity for life (with Death Benefit) option’ ... Single Premium ‘Joint Life Immediate Annuity for life (with Death Benefit) option’ or Single Premium ‘Joint Life Immediate Annuity for life (without Death Benefit) option’ or Single Premium ‘Joint Life Deferred Annuity for life (with Death Benefit) option’ or Limited Premium Payment Variant ‘Joint Life Deferred Annuity for life (with Death Benefit) option’ ... *For Point of Sale (POS) Policy only the Annuity Option of “Single Life Immediate Annuity for life (with Death Benefit) - single premium” shall be available. ... The Annuity Option, Annuity payment mode and Deferment Period (in case of Deferred Annuity option) can only be chosen at inception cannot be changed after the Date of Commencement of Risk.","sources":[{"clause":"2.2.1","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-2-1"},{"clause":"2.2.2","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-2-2-2"},{"clause":null,"heading":"POLICY SCHEDULE","page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-policy-schedule"},{"clause":"2.2.3","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-2-2-3"}],"law":[]},{"key":"purchase_price_min","label":"Minimum purchase price","section":"Eligibility","meaning":"Smallest lump sum or annuity accepted.","status":"cross-checked","value":"The premium must buy an annuity of at least Rs 1,000 a month or Rs 12,000 a year. A single premium below Rs 1,00,000 is accepted only from proceeds of the insurer's pension accumulation plan. No maximum.","display":"Enough for an annuity of Rs 1,000 a month or Rs 12,000 a year; no maximum","note":"From the prospectus. Minimum top-up premium is Rs 1,00,000.","quote":"Minimum premium: It is subject to a minimum annuity payout being at least ₹1,000 per month or ₹12,000 per annum ... Please note that annuity for a single premium of less than ₹100,000 will be offered only in case annuity is purchased from the proceeds arising out of the surrender benefit, death benefit, or maturity benefit payable under the Company’s pension accumulation plan. ... Maximum Premium: No maximum limit ... The minimum amount that can be paid as Top Up Premium is Rs.1,00,000/- subject to the total Top Up Premium not exceeding Single Premium paid at the inception.","sources":[{"clause":null,"heading":"Qualifying Recognized Overseas Pension Scheme (QROPS), as per prevailing His","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-qualifying-recognized-overseas-pension-scheme-qr"},{"clause":"3.4","heading":null,"page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-3-4"}],"law":[]},{"key":"deferment","label":"Deferment period","section":"Cover","meaning":"For deferred plans, how long before income starts.","status":"cross-checked","value":"Deferred annuity options only: 1 to 10 years for single premium; from the premium payment term up to 10 years for limited pay.","display":"1 to 10 years (single pay); premium payment term to 10 years (limited pay)","note":"Immediate annuity has no deferment. Vesting age 26 to 90 (single pay), at least 30 (limited pay).","quote":"For this Policy under Deferred Annuity option, the Deferment Period (in years) for Single Premium will be between 1 to 10 years and for Limited Premium Payment Variant will be Premium Payment Term to 10 years ... in case of Single Premium Deferred Annuity option, Age of the Annuitant as on the Vesting Date shall be between 26 – 90 years. In case of Limited Premium Payment Variant for Deferred Annuity option, the minimum Age of the Annuitant as on the Vesting Date shall be 30 years.","sources":[{"clause":"12","heading":"“Deferment Period”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-12"},{"clause":"1.5","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-1-5"}],"law":[]},{"key":"annuity_frequency","label":"Payout frequency","section":"Cover","meaning":"Monthly, quarterly, half-yearly, yearly.","status":"cross-checked","value":["Annual","Semi-annual","Quarterly","Monthly"],"display":"Annual, semi-annual, quarterly or monthly","note":"Paid in arrears. Annuity modal factors 0.49 (semi-annual), 0.24 (quarterly), 0.08 (monthly); the wording labels them 'Premium payment mode' by mistake.","quote":"The Policy provides annual, semi-annual, quarterly and monthly mode for Annuity payments to the Annuitant. ... “Annuity” means the fixed amount guaranteed at Date of Commencement of Risk payable in arrears ... ii) for semi-annual Premium payment mode - (0.49); iii) for quarterly Premium payment mode - (0.24); iv) for monthly Premium payment mode (0.08);","sources":[{"clause":"4","heading":"\"Annuity Modal Factors\"","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-4"},{"clause":"3","heading":"“Annuity”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220#c-3"}],"law":[]},{"key":"annuity_rate_example","label":"Example annuity rate","section":"Cover","meaning":"An example from the document; rates change with age and over time.","status":"cross-checked","value":"For a male aged 60 with a single premium of Rs 10 lakh, Single Life Immediate Annuity for life (without death benefit) pays Rs 74,080 a year (rates as of March 2026).","display":"Male 60, Rs 10 lakh single premium: Rs 74,080 a year (life annuity without death benefit)","note":"Same case: with death benefit Rs 58,050; joint life without death benefit Rs 62,880 (spouse five years younger); single life deferred 10 years Rs 1,16,440. Case study 2 (joint life with death benefit, male 65) pays Rs 58,300 every year, matching the table. Rates change.","quote":"Annuity values for a male for a Single Premium of ₹ 10 lakh ... 60 | 74,080 | 58,050 | 62,880 | 57,980 | 1,16,440 | 1,13,220 ... The annuity rates shown above are as of March 2026. ... Please note that in the above annuity payouts are based on the assumption that the age of the secondary annuitant (female) is five years lower than the age of the primary annuitant (male) ... Mr. Sharma gets a guaranteed payout of ₹58,300 every year.","sources":[{"clause":null,"heading":"Annuity Options","page":6,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-annuity-options"},{"clause":null,"heading":"Case Study 2 (Joint Life Immediate Annuity for life (with death benefit))","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221#c-case-study-2-joint-life-immediate-annuity-for-li"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy Contract","pages":26,"fetched_at":"2026-10-16 07:11:46.304405+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/GLIP-Policy-Document-V22.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/220"},{"kind":"prospectus","label":"Policy Prospectus","pages":21,"fetched_at":"2026-10-16 07:11:46.304405+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/GLIP-Prospectus-V22.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/221"},{"kind":"cis","label":"Customer Information Sheet","pages":15,"fetched_at":"2026-10-16 07:11:46.304405+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/GLIP-CIS-V22.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/222"},{"kind":"brochure","label":"Policy Leaflet","pages":3,"fetched_at":"2026-10-16 07:11:46.304405+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/GLIP-Leaflet-V22.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22/document/223"}],"versions":[{"uin":"104N076V01","version":null,"approved_on":null},{"uin":"104N076V22","version":null,"approved_on":null}],"where_to_buy":[],"claims_and_complaints":[],"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 Guaranteed Lifetime Income Plan (UIN 104N076V22), IndiaInsurances, https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-guaranteed-lifetime-income-plan-104n076v22"}