{"uin":"104N125V10","name":"Axis Max Life Smart Total Elite Protection Term Plan","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10","insurer":{"slug":"axis-max-life-insurance","name":"Axis Max Life Insurance Limited","url":"https://indiainsurances.com/insurer/axis-max-life-insurance"},"line":"life","category":"term-life","category_name":"Term life","irdai_type":"Product","kind":"product","status":"active","approved_on":"2023-12-08","withdrawn_on":null,"summary":"A non-linked non-participating individual pure risk term plan paying the highest of 10 times the annualised premium (1.25 times for single pay), 105% of premiums paid or the Sum Assured on Death, with a minimum sum assured of Rs. 20,00,000, cover up to age 85 and no maturity benefit. It includes a Terminal Illness benefit capped at Rs. 1 Crore, a free Special Exit Value returning premiums from policy year 30 for terms of 40 years or more, cover continuance for up to 12 months and an optional Accidental Death benefit.","analysis":{"state":"extracted","analysed_at":"2026-10-16 07:12:02.476009+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":["Single Premium Payment Variant","Limited Premium Payment Variant","Regular Premium Payment Variant","Pay Till 60 Premium Payment Variant"],"display":"Single, Limited, Regular or Pay Till 60 premium payment variant","note":"Chosen at inception and cannot be changed. The Accidental Death benefit option is not available under the Single Premium Payment Variant.","quote":"You shall have a choice between the Single Premium Payment Variant, Limited Premium Payment Variant, Regular Premium Payment Variant or Pay Till 60 Premium Payment Variant for Premium payments. Unless otherwise allowed in the Policy, the Premium payment variant can only be chosen at the Date of Inception of Policy and cannot be changed subsequently. ... The Accidental Death benefit option is not available under Single Premium Payment Variant","sources":[{"clause":"2.1","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-2-1"},{"clause":"1.3.5","heading":"The Accidental Death benefit option is not available under Single Premium Payment Variant","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-3-5"}],"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":"Base cover policy term of 10 to 67 years, with cover available up to age 85.","display":"10 to 67 years","note":"From the prospectus. Minimum term depends on the premium paying term: 10 years for Single, Regular and 5 Pay; 15 years for 10 Pay; 17 years for 12 Pay; 20 years for 15 Pay. Pay Till 60: the policy term must be greater than the premium paying term, up to 67 years (sales brochure; the prospectus row is garbled). Accident Cover term 5 to 67 years.","quote":"Base Cover | 10 Years | 67 Years ... Maximum Maturity Age (age last birthday) | Base Death Benefit: 85 years ... 10 Pay | 15 Years to 67 Years ... 12 pay | 17 Years to 67 Years ... 15 Pay | 20 Years to 67 Years ... Accident Cover | 5 Years | 67 Years ... Policy Term should be greater than Premium Payment Term and can be a maximum of 67 years","sources":[{"clause":"Section C","heading":"Plan at a Glance","page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-section-c"},{"clause":null,"heading":"Plan at a glance","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/263#c-plan-at-a-glance"}],"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 claimant must tell the insurer about a claim, with the necessary documents, at the earliest possible time, in person, online, through the distribution channel or the authorised call centre. No fixed number of days is given.","display":"At the earliest possible time","note":"Helpline 1860 120 5577.","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. ... For any support or guidance in relation to claims, please contact us at Helpline No. – 1860 120 5577","sources":[{"clause":"2.5","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-2-5-2"}],"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":"cross-checked","value":["Claimant's statement (death claim application form A)","Original policy document","Police complaint / FIR (accidental or unnatural death)","Medical / hospital records in case of hospitalisation","Post mortem report, autopsy/viscera report and final police investigation report (accidental, unnatural or suicidal death)","Death certificate issued by the local/municipal authority","Discharge summary / indoor case papers","Identity proof of the Claimant including Nominee(s)","Other life / health insurance details with claim history","Employer certificate with complete leave records (Form E)","Bank passbook copy / cancelled cheque of the Claimant","ITR for last 3 years / GST certificate if self employed","Attending physician's statement (Form C) for medical/natural death","NEFT mandate form attested by bank authorities","Medical booklet / CGHS card details (defence and central government personnel)","Body transfer certificate / embassy documents / postmortem report (death abroad)","Complete passport copy (death abroad)","Bank details of Claimant","Any other document or information required by the insurer"],"display":"Death claim: claimant's statement, original policy, death certificate, medical and police records as applicable, ID and bank proof, and others","note":"Terminal Illness claim: Claimant's statement, attending physician's statement, a Medical Practitioner's certificate confirming the Diagnosis, medical records and identity proof.","quote":"a) claimant’s statement in the prescribed form (death claim application form -form A); b) original Policy document; c) a copy of police complaint/ first information report (in the case of death by accident or unnatural death of the Life Insured); d) All medical/ hospital records (including diagnostic records) in case of hospitalisation; e) a copy of duly certified post mortem report, autopsy/viscera report and a copy of the final police investigation report /charge sheet (in the case of death by accident or unnatural death or suicidal death of the Life Insured); f) original/ attested copy of death certificate issued by the local/municipal authority ... g) discharge summary / indoor case papers in case death happened due to medical reasons in a hospital; ... k) a self-attested copy of admissible identity proof of the Claimant including Nominee(s) ... l) other life / health insurance details with claim history details; m) employer certificate with complete leave records (Form E); n) copy of bank passbook / cancelled cheque of the Claimant; o) ITR for last 3 years / GST certificate in case of self employed; p) in case of a medical/natural death of the Life Insured, the attending physician’s statement (Form C) ... q) NEFT mandate form attested by bank authorities ... h) medical booklet / CGHS card details in case of defence and central government personnel; i) body transfer certificate / embassy documents / postmortem report whichever applicable in case of death in foreign country; j) complete passport copy in case of death in foreign country; ... r) Bank details of Claimant; s) any other document or information required by Us for assessing and approving the claim request. ... c) attending physician's statement; d) certificate by a Medical Practitioner confirming Diagnosis of Terminal Illness of the Life Insured; e) All medical/ hospital records (including diagnostic records) pertaining to Terminal Illness and treatment.","sources":[{"clause":"2.1.1","heading":"In case of a Death claim","page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-2-1-1"},{"clause":"2.1.2","heading":"In case of claim with towards Terminal Illness","page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-2-1-2-2"}],"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":"No settlement time for the full claim is printed; the CIS points to 'Service TATs in Insurance - Axis Max Life Insurance'. Insta Payment on Claim Intimation: after the first Policy Year the insurer will 'endeavor' to pay Rs. 25,000 to Rs. 2,00,000 of the death benefit within One (1) working day from the claim registration date.","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":"cross-checked","value":["Suicide within 12 (Twelve) months from the Date of Commencement of Risk or date of Revival: only premiums paid are refunded","Accidental Death benefit: Suicide or self-inflicted Injury","Accidental Death benefit: War, terrorism, invasion, civil war, riot or civil commotion","Accidental Death benefit: Taking part in any naval, military or air force operation during peace time","Accidental Death benefit: Any condition that is pre-existing","Accidental Death benefit: Committing an assault, a criminal offence, an illegal activity or any breach of law with criminal intent","Accidental Death benefit: Alcohol or solvent abuse or taking of drugs, narcotics or psychotropic substances","Accidental Death benefit: Poison, gas or fumes","Accidental Death benefit: Service in the armed forces, or any police organization, of any country at war","Accidental Death benefit: Participation in aviation other than as a fare-paying passenger","Accidental Death benefit: Taking part in professional sport(s) or any adventurous pursuits or hobbies","Accidental Death benefit: Nuclear contamination"],"display":"Suicide in the first 12 months (premiums refunded); separate exclusions for the optional Accidental Death benefit","note":"The base death cover has only the suicide exclusion; the policy states there are no restrictions on travel or occupation. All other items apply only to the optional Accidental Death benefit.","quote":"if the Life Insured commits suicide, within 12 (Twelve) months from the Date of Commencement of Risk of Policy or from the date of Revival of this Policy, as applicable, all risks and benefits under this Policy shall cease ... We will only refund the sum of Total Premiums Paid ... no Accidental Death benefit shall be payable: a) Suicide or self-inflicted Injury, whether the Life Insured is medically sane or insane. b) War, terrorism, invasion, act of foreign enemy, hostilities, civil war, martial law, rebellion, revolution, insurrection, military or usurper power, riot or civil commotion. ... c) Taking part in any naval, military or air force operation during peace time. d) Any condition that is pre-existing ... e) Committing an assault, a criminal offence, an illegal activity or any breach of law with criminal intent. f) Alcohol or solvent abuse or taking of drugs, narcotics or psychotropic substances ... g) Poison, gas or fumes ... h) Service in the armed forces, or any police organization, of any country at war ... i) Participation in aviation other than as a fare-paying passenger ... j) Taking part in professional sport(s) or any adventurous pursuits or hobbies ... k) Nuclear contamination ... There are no restrictions on travel or occupation under this Policy.","sources":[{"clause":"5","heading":"SUICIDE EXCLUSION","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-5-9"},{"clause":"1.3.8","heading":"Exclusions applicable to Accidental Death benefit","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-3-8"},{"clause":"6","heading":"TRAVEL AND OCCUPATION","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-6-3"}],"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":"Complain first to your agent or the customer helpdesk (Helpline 1860 120 5577, service.helpdesk@axismaxlife.com) or any Axis Max Life office. If the response is not satisfactory or there is none within 14 days, write to the Grievance Redressal Officer (manager.services@axismaxlife.com), or approach the IRDAI Grievance Cell (Bima Bharosa).","display":"Agent or customer helpdesk first, then Grievance Redressal Officer after 14 days","note":"Insurance Ombudsman if not satisfied or no response within 1 month, 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: a) Axis Max Life Insurance Limited, Plot 90C, Urban Estate, Udyog Vihar, Sector 18, Gurugram- 122015, Haryana, India, Helpline No. – 1860 120 5577, Email: service.helpdesk@axismaxlife.com; or b) To 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 ... Email: manager.services@axismaxlife.com; ... the complainant may approach the Grievance Cell of the IRDAI ... (Bima Bharosa Shikayat Nivaran Kendra) ... If the complainant 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 may approach Insurance Ombudsman","sources":[{"clause":"1.1","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-6"},{"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-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-2-9"},{"clause":"1.2.1","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#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-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-2-2-3"},{"clause":"1.3","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-3-10"}],"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":"Minimum base Sum Assured Rs. 20,00,000; no maximum, subject to the Board approved underwriting policy.","display":"Minimum Rs. 20,00,000; no maximum (subject to underwriting)","note":"From the prospectus. Accident Cover: minimum Rs. 50,000; the policy wording caps it at Rs. 1 Cr and three times the Guaranteed Death Benefit.","quote":"Minimum Sum Assured | Base Death Benefit Rs. 20,00,000 Accident Cover Option Minimum: Rs. 50,000 Base Death Benefit & Accident Cover: No Limit, subject to limits determined in accordance with the Board approved ... Maximum Accidental Death Benefit Sum Assured available under Accidental Death benefit option is Rs. 1 Cr, however in no case shall the Accidental Death Sum Assured be higher than three times Guaranteed Death Benefit prevailing at the time of opting","sources":[{"clause":"Section C","heading":"Plan at a Glance","page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-section-c"},{"clause":"1.3.3","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-3-3"}],"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":"Guaranteed Death Benefit, the highest of: 10 times the Annualised Premium plus underwriting extra premium (1.25 times the single premium for Single Pay); 105% of Total Premiums Paid; or the Sum Assured on Death. Reduced by any Terminal Illness Benefit already paid.","display":"Highest of 10 times annualised premium (1.25 times single premium), 105% of premiums paid, or Sum Assured on Death","note":"With the optional Accidental Death benefit, 100% of the Accidental Death Benefit Sum Assured is paid in addition.","quote":"We will pay “Guaranteed Death Benefit” to the Claimant which will be highest of the following: a) For Single Premium Payment Variant – 1.25 times of the sum of single Premium and Underwriting Extra Premium, if any; For all other Premium payment variants – 10 times the sum of Annualised Premium and Underwriting Extra Premium, if any; or b) 105% of sum of Total Premiums Paid, Underwriting Extra Premium and loadings for modal Premiums, if any, received till the date of death of the Life Insured; or c) Sum Assured on Death . ... In case Terminal Illness Benefit claim has been paid, then the Guaranteed Death Benefit shall be reduced to the extent of the Terminal Illness Benefit already paid. ... 100% of Accidental Death Benefit Sum Assured will be payable as lump sum ... This benefit shall be payable in addition to the death benefit Sum Assured.","sources":[{"clause":"1.1.1","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-1"},{"clause":"1.1.3","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-3"},{"clause":"1.3.1","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-3-1"},{"clause":null,"heading":"Accident Cover","page":5,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-accident-cover"}],"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":"Special Exit Value lets you surrender for a refund of premiums from policy year 30 (policy term of 40 years or more).","quote":"No maturity benefit is payable under this Policy. ... Special Exit Value can be obtained in any Policy Year, starting Policy Year 30, but not during the last 4 Policy Years. ... iii) Special Exit Value shall not be available for Policy Term less than 40 years","sources":[{"clause":"1.6","heading":"MATURITY BENEFIT","page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-6"},{"clause":"1.1.3","heading":"Special Exit Value","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-3-2"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"cross-checked","value":"Single premium; Limited pay of 5, 10, 12 or 15 years; Regular pay for the whole policy term; or Pay Till 60, where the premium paying term is 60 less entry age (minimum 16 years).","display":"Single, 5/10/12/15 years, whole term, or till age 60","note":"Limited pay: policy term must exceed the premium paying term by at least 5 years.","quote":"“Limited Premium Payment Variant” means where the Premium Payment Term which is either 5, 10, 12 or 15years with Policy Term ranging from 10 years to 67 years’ subject to the Policy Term being greater than the Premium Payment Term by at least 5 years; ... “Pay Till 60 Premium Payment Variant” means that the Premium payable to Us during the Premium Payment Term shall be equal to 60 less Age, subject to minimum Premium Payment Term of 16 years. ... “Regular Premium Payment Variant” means that the Premium payable to Us in regular installments throughout the Premium Payment Term which is the same as the Policy Term ... “Single Premium Payment Variant” means where the Premium is received in full in advance of the Date of Commencement of Risk;","sources":[{"clause":"24","heading":"“Limited Premium Payment Variant”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-24"},{"clause":"30","heading":"“Pay Till 60 Premium Payment Variant”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-30"},{"clause":"38","heading":"“Regular Premium Payment Variant”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-38"},{"clause":"44","heading":"“Single Premium Payment Variant”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-44"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"cross-checked","value":"85 years (age last birthday) for the base death benefit and Accident Cover.","display":"85 years","note":"From the prospectus.","quote":"Maximum Maturity Age (age last birthday) | Base Death Benefit: 85 years Accident Cover: 85 years","sources":[{"clause":"Section C","heading":"Plan at a Glance","page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-section-c"}],"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":"If the Life Insured commits suicide within 12 months from the Date of Commencement of Risk or Revival, the policy ends and only the Total Premiums Paid, modal loading and Underwriting Extra Premium received till death are refunded.","display":"Refund of premiums paid if suicide within 12 months","note":null,"quote":"if the Life Insured commits suicide, within 12 (Twelve) months from the Date of Commencement of Risk of Policy or from the date of Revival of this Policy, as applicable, all risks and benefits under this Policy shall cease and in such an event. We will only refund the sum of Total Premiums Paid, loading for modal premium and Underwriting Extra Premium, if any, received under the Policy by Us till the death of the Life Insured to the Claimant.","sources":[{"clause":"5","heading":"SUICIDE EXCLUSION","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-5-9"}],"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":"Early Exit Value of 70% x premiums paid x (unexpired term / policy term): Single Pay immediately after paying the premium; Limited Pay and Pay Till 60 after completing the premium paying term; none for Regular Pay. Special Exit Value returns all premiums paid on surrender in any policy year from year 30, except the last 4 years, for policy terms of 40 years or more.","display":"70% of premiums x unexpired term / term (not for Regular Pay); Special Exit Value from year 30","note":"Special Exit Value applies to the base premium only, and the policy must be in force.","quote":"a) For Single Premium Payment Variant: immediately after payment of single Premium. b) For Limited Premium Payment Variant (including Pay Till 60 Variant): Upon completion of Premium Payment Term on receipt of all due Premiums. c) Regular Premium Payment Variant: No surrender benefit is applicable or payable. ... 70% x (Sum of Total Premium Paid, Underwriting Extra Premium and loadings for modal premiums, if ... any) x (unexpired Policy Term/ Policy Term). ... We will return sum of Total Premiums Paid, Underwriting Extra Premiums and loadings for modal premiums, if any, only if You surrender the Policy. Special Exit Value can be obtained in any Policy Year, starting Policy Year 30, but not during the last 4 Policy Years. ... iii) Special Exit Value shall not be available for Policy Term less than 40 years ... i) The Policy has to be in force at the time of availing this Special Exit Value. ... iv) Special Exit Value shall be applicable on the base Policy Premium only","sources":[{"clause":"1.1.1","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-1-2"},{"clause":"1.1.2","heading":"The Early Exit Value shall be determined basis the formula provided below","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-2-2"},{"clause":"1.1.3","heading":"Special Exit Value","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-3-2"}],"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":"No reduced paid-up value for the base cover or the accident cover.","display":"Not available","note":"From the prospectus. Once Early Exit Value is acquired, a policy not revived within the Revival Period is ended and the Early Exit Value paid.","quote":"Please note RPU is not applicable under this policy for Base cover or for any optional benefits chosen (accident cover). ... 1.7 Once the Policy has acquired Surrender/ Early Exit Value, if future Premiums are discontinued then the Policy shall not lapse ... a) If the Policy is not revived within a Revival Period from the due date of first unpaid Premium, an Early Exit Value shall be paid to the You and the Policy shall be terminated.","sources":[{"clause":null,"heading":"Reduced Paid Up (RPU) policy","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-reduced-paid-up-rpu-policy"},{"clause":"3","heading":"REVIVAL OF POLICY","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-3-3"},{"clause":"3(a)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-3-a"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"cross-checked","value":"A lapsed policy can be revived within 5 consecutive years from the due date of the first unpaid premium, with evidence of insurability and overdue premiums with interest.","display":"5 years from first unpaid premium","note":"Revival interest: nil for 0-60 days, RBI Bank Rate + 1% for 61-180 days, RBI Bank Rate + 3% beyond 180 days. Cannot be revived beyond the policy term.","quote":"“Revival Period” means a period of 5 (Five) consecutive years from the due date of the first unpaid Premium; ... 1.2 if You produce evidence of insurability ... 1.3 on payment of all overdue Premiums (along with the applicable taxes, cesses and levies, if any) to Us with interest ... 0-60 | Nil | 0.00% ... 61-180 | RBI Bank Rate + 1% p.a. compounded annually on due Premiums ... >180 | RBI Bank Rate + 3% p.a. compounded annually on due Premiums ... 1.6 The Policy cannot be revived beyond the Policy Term.","sources":[{"clause":"40","heading":"“Revival Period”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-40"},{"clause":"3","heading":"REVIVAL OF POLICY","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-3-3"}],"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":"No policy loan is available.","display":"Not available","note":null,"quote":"You are not entitled to any loans under this Policy.","sources":[{"clause":"2","heading":"LOANS","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-2-8"}],"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":["Axis Max Life Waiver of Premium Plus Rider (UIN:104B029V06)","Axis Max Life Critical Illness and Disability Rider (UIN: 104B033V03)"],"display":"Waiver of Premium Plus Rider; Critical Illness and Disability Rider","note":"Riders are not available under Single Pay. The Accidental Death benefit is a benefit option of this plan, not a separate rider.","quote":"A. Axis Max Life Waiver of Premium Plus Rider (UIN:104B029V06) ... B. Axis Max Life Critical Illness and Disability Rider (UIN: 104B033V03) ... IV) The rider is not available under the Single Pay premium payment variant of the product. ... In case the Accidental Death benefit option is chosen","sources":[{"clause":null,"heading":"Rider","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-rider"},{"clause":"1.3.1","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-3-1"}],"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":"The policy cannot be called in question on any ground after 3 years from the date of issuance, commencement of risk, revival or rider, whichever is later; within 3 years it can be questioned for fraud or misstatement, with written grounds.","display":"Not questioned after 3 years; fraud or misstatement within 3 years","note":"On repudiation for misstatement (not fraud), premiums collected are refunded within 90 days.","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 ... 7.In case repudiation is on ground of mis-statement and not on fraud, the premium collected on Policy till the date of repudiation shall be paid to the insured or legal representative or nominee or assignees of insured, within a period of 90 days from the date of repudiation. ... 6.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","sources":[{"clause":"Section 45","heading":"Policy shall not be called in question on the ground of mis-statement after three years","page":26,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#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 can change; consult a tax advisor.","display":"Tax benefits may be available as per prevailing tax laws","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":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-3-9"}],"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 and medical examination expenses.","quote":"“Free look” means a period of 30 days beginning from the date of receipt of the Policy to review the terms and conditions of the Policy ... You shall be entitled to a refund of the Premium received by Us after deducting the proportionate risk Premium for the period of cover, charges of stamp duty paid and the expenses incurred by Us on medical examination of the Life Insured","sources":[{"clause":"6","heading":"FREE LOOK CANCELLATION","page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-6-2"}],"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":"cross-checked","value":{"unit":"days","amount":30},"display":"30 days (15 days for monthly mode)","note":"15 days for monthly premiums.","quote":"The Grace Period for payment of the Premium for this Policy shall be, 15 (Fifteen) days where You are paying on a monthly basis; and 30 (Thirty) days in all other cases;","sources":[{"clause":"17","heading":"“Grace Period”","page":6,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-17"}],"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 18 years; maximum 65 years for Regular and Limited Pay, 44 years for Pay Till 60 (age last birthday).","display":"18 to 65 years (Pay Till 60: up to 44)","note":"From the prospectus. The maximum for Single Pay is not stated separately.","quote":"Minimum / Maximum Age at Entry (age last birthday) | Minimum Age: - 18 years Maximum Age: - Regular Pay and Limited Pay: - 65 years Pay till 60: - 44 years","sources":[{"clause":"Section C","heading":"Plan at a Glance","page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-section-c"}],"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":["Annually","Semi-annually","Quarterly","Monthly"],"display":"Annual, semi-annual, quarterly or monthly","note":"Single premium also available as a variant. Modal factors 0.513 (semi-annual), 0.261 (quarterly), 0.088 (monthly).","quote":"You can pay the Premium annually, semi-annually, quarterly or on monthly basis, as per the Premium payment mode chosen by You. ... ii) for semi-annual Premium payment mode - (0.513); iii) for quarterly Premium payment mode - (0.261); iv) for monthly Premium payment mode - (0.088); ... You shall have a choice between the Single Premium Payment Variant","sources":[{"clause":"2.2","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-2-2-2"},{"clause":"27","heading":"“Modal Factor”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-27"},{"clause":"2.1","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-2-1"}],"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 (5, 10, 12 or 15 years)","Regular premium","Pay Till 60"],"display":"Single, limited, regular or pay till 60","note":null,"quote":"You shall have a choice between the Single Premium Payment Variant, Limited Premium Payment Variant, Regular Premium Payment Variant or Pay Till 60 Premium Payment Variant for Premium payments. ... “Limited Premium Payment Variant” means where the Premium Payment Term which is either 5, 10, 12 or 15years","sources":[{"clause":"2.1","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-2-1"},{"clause":"24","heading":"“Limited Premium Payment Variant”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-24"}],"law":[]},{"key":"return_of_premium","label":"Return of premium option","section":"Cover","meaning":"Whether premiums come back if you survive the term, and at what cost. 'No' only when the document says no maturity benefit is payable.","status":"cross-checked","value":"No maturity benefit is paid. A free inbuilt Special Exit Value returns the premiums paid if you surrender in any policy year from year 30, except the last 4 years.","display":"No maturity return; free Special Exit Value refunds premiums on surrender from year 30","note":"Special Exit Value is not available for policy terms under 40 years.","quote":"No maturity benefit is payable under this Policy. ... We will return sum of Total Premiums Paid, Underwriting Extra Premiums and loadings for modal premiums, if any, only if You surrender the Policy. Special Exit Value can be obtained in any Policy Year, starting Policy Year 30, but not during the last 4 Policy Years. ... This is an inbuilt product feature and no additional premium is required to be paid. ... iii) Special Exit Value shall not be available for Policy Term less than 40 years","sources":[{"clause":"1.6","heading":"MATURITY BENEFIT","page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-6"},{"clause":"1.1.3","heading":"Special Exit Value","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-3-2"},{"clause":null,"heading":"Special Exit Value","page":5,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-special-exit-value"}],"law":[]},{"key":"payout_options","label":"Payout options","section":"Cover","meaning":"Lump sum, monthly income, or a mix for your family.","status":"cross-checked","value":"The claimant chooses at claim stage: lump sum (default), monthly income for a fixed 10 years, or part lump sum and part monthly income.","display":"Lump sum, monthly income over 10 years, or a mix","note":"Monthly income is based on RBI Bank Rate less 1% and can be commuted. Terminal Illness and Accidental Death benefits are lump sum only.","quote":"Payout option 1 – lump sum Guaranteed Death Benefit - 100% of the Guaranteed Death Benefit will be paid as lump sum. ... Payout option 2 – monthly income - monthly payment for a fixed period of 10 years ... Payout option 3 – partial Guaranteed Death Benefit plus part monthly income ... In case no payout option is selected by the Claimant, then the payout option 1 (lump sum Guaranteed Death Benefit) will be considered as the default payout option ... The monthly income shall be determined basis the prevailing RBI Bank Rate on the date of intimation of death, less 1% p.a. ... the Claimant may commute the outstanding monthly income. ... The claim payout under the Terminal Illness Benefit would be made in lump sum only. ... The Accidental Death benefit will always be paid as a lump sum benefit.","sources":[{"clause":"1.1.2(a)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-2-a"},{"clause":"1.1.2(b)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-2-b"},{"clause":"1.1.2(c)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-2-c"},{"clause":"1.1.2","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-1-2"},{"clause":"1.2.3","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-2-3"},{"clause":"1.3.6","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-3-6"}],"law":[]},{"key":"terminal_illness","label":"Terminal illness benefit","section":"Cover","meaning":"Whether part of the cover is paid early on diagnosis of a terminal illness.","status":"cross-checked","value":"On Diagnosis of a Terminal Illness, up to 100% of the Guaranteed Death Benefit, capped at Rs. 1 Crore, is paid in advance once; the death benefit is reduced by that amount and future premiums are waived.","display":"Yes, 100% of death benefit up to Rs. 1 Crore, paid early","note":"Terminal Illness means death likely within 6 months. No extra premium. Lump sum only.","quote":"We will pay maximum of 100% of Guaranteed Death Benefit, subject to maximum of Rs. One (1) Crore as an accelerated Terminal Illness Benefit to the Claimant. Only one valid Terminal Illness Benefit is payable during the Policy Term ... all Premiums (including the Premium for base Policy falling due from the date of Diagnosis of Terminal Illness would be waived off ... once a Terminal Illness claim is paid, the Guaranteed Death Benefit, will be reduced by the Terminal Illness Benefit paid ... is likely to lead to the death of the Life Insured within 6 (Six) months ... The claim payout under the Terminal Illness Benefit would be made in lump sum only. ... No additional premium to be paid","sources":[{"clause":"1.2.1","heading":null,"page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-2-1"},{"clause":"1.2.5","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-2-5"},{"clause":"49","heading":"“Terminal Illness”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-49"},{"clause":"1.2.3","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-2-3"},{"clause":"Row 3","heading":"Terminal Illness","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-row-3"}],"law":[]},{"key":"increasing_cover","label":"Increasing or life-stage cover","section":"Cover","meaning":"Options to raise cover over time or at marriage or childbirth.","status":"cross-checked","value":"No; the plan offers a level sum assured throughout the policy term.","display":"No, level cover","note":"From the prospectus feature table.","quote":"offers level sum assured throughout the Policy Term.","sources":[{"clause":"Row 1","heading":"Death Benefit","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-row-1"}],"law":[]},{"key":"waiver_of_premium","label":"Waiver of premium","section":"Cover","meaning":"Whether future premiums stop on disability or critical illness.","status":"cross-checked","value":"Available through the optional Axis Max Life Waiver of Premium Plus Rider, which waives future premiums on Critical Illness or Dismemberment. Under the base plan, premiums are waived after a Terminal Illness claim is paid.","display":"Through the optional Waiver of Premium Plus Rider; base premiums waived after a Terminal Illness claim","note":null,"quote":"Axis Max Life Waiver of Premium Plus Rider (UIN:104B029V06): This rider provides waiver of all future premiums under a policy and all other attaching riders on earlier happening of either of the following events provided the base policy and attaching riders are in force: − Critical Illness; or − Dismemberment; ... After the payment of the claim in respect of Terminal Illness of the Life Insured, all Premiums (including the Premium for base Policy falling due from the date of Diagnosis of Terminal Illness would be waived off","sources":[{"clause":null,"heading":"Rider","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261#c-rider"},{"clause":"1.2.5","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260#c-1-2-5"}],"law":[]},{"key":"medicals","label":"Medical tests","section":"Eligibility","meaning":"Whether medical tests are needed, and at what cover.","status":"not-stated","value":null,"display":null,"note":"No medical test requirements or thresholds are printed. The documents only refer to underwriting under the Board approved underwriting policy, medical examination expenses deducted on free-look, and evidence of insurability for revival.","quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Policy Contract","pages":28,"fetched_at":"2026-10-16 07:11:48.938781+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/STEP-Policy-Document.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/260"},{"kind":"prospectus","label":"Policy Prospectus","pages":22,"fetched_at":"2026-10-16 07:11:48.938781+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/STEP-Prospectus.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/261"},{"kind":"cis","label":"Customer Information Sheet","pages":4,"fetched_at":"2026-10-16 07:11:48.938781+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/STEP-CIS.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/262"},{"kind":"brochure","label":"Policy Leaflet","pages":6,"fetched_at":"2026-10-16 07:11:48.938781+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/STEP-Leaflet.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10/document/263"}],"versions":[{"uin":"104N125V01","version":null,"approved_on":null},{"uin":"104N125V10","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 Smart Total Elite Protection Term Plan (UIN 104N125V10), IndiaInsurances, https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-total-elite-protection-term-plan-104n125v10"}