{"uin":"104N135V04","name":"Smart Wealth Advantage Growth Par Plan","url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04","insurer":{"slug":"axis-max-life-insurance","name":"Axis Max Life Insurance Limited","url":"https://indiainsurances.com/insurer/axis-max-life-insurance"},"line":"life","category":"savings-life","category_name":"Endowment and savings plans","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Axis Max Life Smart Wealth Advantage Growth Par Plan is a non-linked participating individual life insurance savings plan with Insta Income, Insta Income Boost and Future Income variants. It has a 30 day free-look period, grace periods of 15 days for monthly mode and 30 days for annual, semi-annual or quarterly modes, and premium payment terms of 6, 7, 8, 10 and 12 years.","analysis":{"state":"machine","analysed_at":"2026-10-20 00:42:14.730542+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Insta Income Variant","Insta Income Boost Variant","Future Income Variant"],"display":"Insta Income Variant; Insta Income Boost Variant; Future Income Variant","note":null,"quote":"One of the following Survival Benefit variant may be chosen by You:\ni) “Insta Income Variant” as specified in Clause 1.2.1 of Part C\nii) “Insta Income Boost Variant” as specified in Clause 1.2.2 of Part C\niii) “Future Income Variant” as specified in Clause 1.2.3 of Part C","sources":[{"clause":"54","heading":"“Survival Benefit”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-54"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Insta Income has a minimum policy term of 10 years and fixed policy terms of 10 to 40 years. Insta Income Boost and Future Income have a minimum policy term of 20 years and fixed policy terms of 20 to 40 years, with up-to-maturity-age options depending on PCB and entry age.","display":"Insta Income: 10 to 40 years fixed; Insta Income Boost and Future Income: 20 to 40 years fixed; up-to-maturity-age options vary by PCB and entry age","note":"From the prospectus because the policy wording refers to the Policy Schedule for the chosen term.","quote":"The minimum policy term for Insta Income is 10 years and for Insta Income Boost and Future Income is 20 years\n*Fixed Policy Term for Insta Income is of 10 to 40 years and for Insta Income Boost and Future Income is of 20 to 40 years is subject to maximum maturity age of 85 years and 75 years for Non-PCB and PCB options respectively, i.e. under Non-PCB, if the Entry Age plus chosen policy term exceeds 85 years, then the only available policy term option shall be that of “up to maturity age 100 less Entry Age”. Similarly, under PCB, if the Entry Age plus chosen policy term exceeds 75 years, then the only available policy term option shall be that of “up to maturity age 85 less Entry Age”","sources":[{"clause":null,"heading":"Policy Continuance Benefit Opted","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-policy-continuance-benefit-opted-2"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"The claimant must intimate the insurer regarding a claim at the earliest possible time, either in person, online, through the distribution channel or through the authorised call centre.","display":"At the earliest possible time","note":null,"quote":"The Claimant is required to intimate Us along with necessary documents as mentioned above, regarding a claim under the Policy, at the earliest possible time either in person or through online mode or Our distribution channel or authorized call centre.","sources":[{"clause":"2.5","heading":null,"page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-2-5-3"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Death claim: claimant’s statement in the prescribed form, original Policy document, police complaint/FIR where applicable, medical/hospital records, post mortem/autopsy/viscera/final police report where applicable, death certificate, discharge summary/indoor case papers, medical booklet/CGHS card details, foreign-death documents, passport copy, identity proof, other insurance details, employer certificate, bank passbook/cancelled cheque, ITR/GST certificate, attending physician’s statement and medical records, NEFT mandate, bank account details, and any other required document or information","Maturity benefit claim: NEFT Form, cancelled cheque or passbook copy with pre-printed name and bank account number, and self-attested identity proof","Survival Benefit: NEFT Form, cancelled cheque or passbook copy with pre-printed name and bank account number, and any other required document or information"],"display":"Death, maturity and survival benefit claim documents are listed in the policy","note":null,"quote":"Death Claim documents: (a)claimant’s statement in the prescribed form (death claim application form -form A);; (b) original Policy document; (c) copy of police complaint/ first information report (in the case of death by accident or unnatural death or suicidal death of the Life Insured); ... a) identity proof of the Claimants bearing their photographs and signatures only in case of death of the Life Insured); (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) and the medical records (admission notes, discharge/death summary, test reports, etc.); (q) NEFT mandate form attested by bank authorities; (r) bank account details of Claimant; and (s) any other document or information required by Us for assessing and approving the claim request. ... Maturity benefit claim documents: (a) NEFT Form (if not provided earlier); (b) cancelled cheque or copy of passbook with pre-printed name and bank account number, for payout through NEFT (if not provided earlier); (c) self-attested copy of identity proof of the Claimants bearing their photographs and signatures. ... Survival Benefit documents: (a) NEFT Form (if not provided earlier); (b) cancelled cheque or copy of passbook with pre-printed name and bank account number, for payout through NEFT (if not provided earlier); (c) any other document or information required by Us.","sources":[{"clause":"2.1.1","heading":"Death Claim documents","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-2-1-1"},{"clause":"2.1.1(a)","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-2-1-1-a"},{"clause":"2.1.2","heading":"Maturity benefit claim documents","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-2-1-2-2"},{"clause":"2.1.3","heading":"Survival Benefit documents","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-2-1-3-2"}],"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":"The CIS points to “Service TATs in Insurance - Axis Max Life Insurance” for claim settlement TAT, but the documents provided do not print a settlement time.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Suicide within 12 months from the Date of Commencement of Risk or from the date of Revival","Intentional self-inflicted injury, attempted suicide, while sane or insane","Life Insured being under the influence of drugs, alcohol, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a doctor","War, invasion, hostilities, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes","Taking part in any naval, military or air force operation during peace time or during service in any police, paramilitary or any similar organisation","Participation by the Life Insured in any flying activity, except as a bona fide, fare-paying passenger of a recognized airline or Pilots and cabin crew of a commercial airline","Participation by the Life Insured in a criminal or unlawful act with illegal or criminal intent","Any injury incurred before the Date of Commencement of Risk under the Policy","Professional sport(s) or hazardous pursuits including diving, racing, underwater activities, martial arts, hunting, mountaineering, parachuting and bungee-jumping","Nuclear Contamination"],"display":"Suicide within 12 months; specified Additional Accidental Death Benefit exclusions including self-inflicted injury, intoxication, war, military operations, flying, criminal acts, prior injury, hazardous pursuits and nuclear contamination","note":"The listed accidental exclusions apply to the additional Accidental Death benefit.","quote":"if the Life Insured commits suicide, within 12 (Twelve) months from the Date of Commencement of Risk or from the date of Revival of this Policy, as applicable, all risks and benefits under this Policy shall cease and the Policy shall terminate immediately ... No benefits under additional Accidental Death benefit will be payable if death occurs from, or is caused by, either directly or indirectly, voluntarily or involuntarily due to or caused, occasioned, accelerated or aggravated by, any one of the following:\ni) Intentional self-inflicted injury, attempted suicide, while sane or insane;\nii) Life Insured being under the influence of drugs, alcohol, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a doctor;\niii) War, invasion, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes;\niv) Taking part in any naval, military or air force operation during peace time or during service in any police, paramilitary or any similar organisation;\nv) Participation by the Life Insured in any flying activity, except as a bona fide, fare-paying passenger of a recognized airline or Pilots and cabin crew of a commercial airline, on regular routes and on a scheduled timetable;\nvi) Participation by the Life Insured in a criminal or unlawful act with illegal or criminal intent;\nvii) Any injury incurred before the Date of Commencement of Risk under the Policy;\nviii) Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but not limited to, diving or riding or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee-jumping;\nix) Nuclear Contamination","sources":[{"clause":"5","heading":"SUICIDE EXCLUSION","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-5-4"},{"clause":"6","heading":"EXCLUSIONS APPLICABLE TO ADDITIONAL ACCIDENTAL DEATH BENEFIT","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-6-7"}],"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":"quote-verified","value":"Consumer grievances and queries may first be addressed to the agent or customer helpdesk. If the response is not satisfactory or there is no response within 14 days, a written complaint may be filed with the Grievance Redressal Officer before approaching the Ombudsman route.","display":"First agent/customer helpdesk; then Grievance Redressal Officer if no satisfactory response within 14 days","note":null,"quote":"All consumer grievances and/or queries may be first addressed to Your agent or Our customer helpdesk as mentioned below: ... If Our response is not satisfactory or there is no response within 14 (Fourteen) days ... the complainant may file a written complaint with full details of the complaint and the complainant’s contact information to the following official for resolution:\nGrievance Redressal Officer, Axis Max Life Insurance Limited Plot No. 90C, Sector 18, Urban Estate, Udyog Vihar, Gurugram- 122015, Haryana, India Helpline No. – 1860 120 5577 or (0124) 4219090 Email: manager.services@axismaxlife.com; Website:- bimabharosa.irdai.gov.in","sources":[{"clause":"1.1","heading":null,"page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-1-9"},{"clause":"1.2","heading":"If Our response is not satisfactory or there is no response within 14 (Fourteen) days","page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-2-7"},{"clause":"1.2.1","heading":null,"page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-2-1-2"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Sum Assured on Death is the higher of 10 times the Annualised Premium plus any Underwriting Extra Premium, or the Death Multiple multiplied by the Annualised Premium plus any Underwriting Extra Premium.","display":"Higher of 10 times annualised premium plus underwriting extra premium, or Death Multiple × annualised premium plus underwriting extra premium","note":null,"quote":"“Sum Assured on Death” means an absolute amount of benefit, which is guaranteed to become payable on death of the Life Insured in accordance with Clause 1.1 of Part C. Sum Assured on Death shall be the higher of:\ni) 10 times the (Annualised Premium plus Underwriting Extra Premium, if any); or\nii) Death Multiple x (Annualised Premium plus Underwriting Extra Premium, if any)","sources":[{"clause":"50","heading":"“Sum Assured on Death”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-50"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"If the policy is in force and not lapsed or reduced paid-up, death benefit is variant-based. Insta Income and Future Income pay the higher of Sum Assured on Death plus Terminal Bonus if declared, or 105% of specified premiums paid; Insta Income Boost pays higher of 100% of Sum Assured on Death during PPT or 110% after PPT plus Terminal Bonus if declared, or 105% of specified premiums paid. If Policy Continuance Benefit is opted, the death benefit excluding Terminal Bonus is paid immediately and future survival and maturity benefits continue without future premiums.","display":"Variant-based higher of Sum Assured on Death plus Terminal Bonus or 105% of premiums paid; Insta Income Boost uses 100% during PPT and 110% after PPT; PCB continues future benefits","note":"Additional Accidental Sum Assured on Death may be payable for accidental death during the Additional Accidental Death Benefit Term.","quote":"If the Policy is in force and is not a Lapsed Policy or in Reduced Paid Up Mode, then, upon death of the Life Insured, during the Policy Term, We will pay the Death Benefit as below:\na) In case You have chosen Insta Income Variant or Future Income Variant, We will pay the death benefit which shall be higher of either:\ni) Sum Assured on Death, plus Terminal Bonus (if declared); or\nii) 105% of (Total Premiums Paid plus Underwriting Extra Premiums plus loadings for modal premiums) as on the date of death of Life Insured\nb) In case You have chosen Insta Income Boost Variant, We will pay the death benefit which shall be higher of either:\ni) 100% of the Sum Assured on Death if the death occurs during the Premium Payment Term, or 110% of the Sum Assured on Death if the death occurs after completion of the Premium Payment Term, plus Terminal Bonus (if declared); or\nii) 105% of (Total Premiums Paid plus Underwriting Extra Premiums plus loadings for modal premiums) as on the date of death of Life Insured ... If You have opted for “Policy Continuance Benefit”, then on death of the Life Insured any time during the Policy Term, death benefit (excluding Terminal Bonus) as per Clause 1.1.1 of Part C shall be paid immediately as a lump sum amount and the applicable future Survival Benefits (including Cash Bonus (if declared), Guaranteed Income, if applicable) and maturity benefit (including, Additional Maturity Benefit, if applicable) shall be paid to the Claimant as and when due as would have been payable to You, had You been alive, without payment of any future Premiums.","sources":[{"clause":"1.1.1","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-1-1"},{"clause":"1.1.5(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-1-5-a"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"On survival to the Maturity Date, if the insurance cover is in force and the policy is not in reduced paid-up mode, the claimant gets Sum Assured on Maturity, Terminal Bonus if declared and Additional Maturity Benefit if applicable, with any accrued unpaid Survival Benefits paid in addition.","display":"Sum Assured on Maturity + Terminal Bonus if declared + Additional Maturity Benefit if applicable; accrued unpaid Survival Benefits in addition","note":null,"quote":"Subject to Clause 1.1.5 of Part C, on survival of the Life Insured on the Maturity Date, if the insurance cover under this Policy is in force and the Policy is not under Reduced Paid Up Mode, We will pay the sum total of the following in lumpsum to the Claimant:\na) Sum Assured on Maturity;\nb) Terminal Bonus, if declared; and\nc) Additional Maturity Benefit, if applicable ... Any accrued Survival Benefits, if not already paid shall be paid in addition to above Maturity Benefit.","sources":[{"clause":"1.3.1","heading":null,"page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-3-1"},{"clause":"1.3.2","heading":null,"page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-3-2"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Maximum maturity age is 100 years without Policy Continuance Benefit and 85 years with Policy Continuance Benefit. Additional accidental death benefit has maximum maturity age of 80 years.","display":"100 years without PCB; 85 years with PCB; 80 years for additional accidental death benefit","note":"From the prospectus eligibility section.","quote":"Maximum 100 years’ maturity age available without Policy continuance benefit and 85 years’ maximum maturity age available with policy continuance benefit ... For Additional accidental death the Maximum maturity age is 80 years.","sources":[{"clause":"4","heading":"Higher equity exposure","page":1,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-4"},{"clause":null,"heading":"Policy Continuance Benefit Opted","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-policy-continuance-benefit-opted"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If the Life Insured commits suicide within 12 months from commencement of risk or revival, the policy terminates and all risks and benefits cease. If the policy has acquired surrender value, the claimant receives the higher of surrender value or total premiums paid plus loadings and underwriting extra premium; otherwise the claimant receives total premiums paid plus loadings and underwriting extra premium.","display":"Within 12 months: higher of surrender value or premiums paid if surrender value acquired; otherwise premiums paid","note":null,"quote":"if the Life Insured commits suicide, within 12 (Twelve) months from the Date of Commencement of Risk or from the date of Revival of this Policy, as applicable, all risks and benefits under this Policy shall cease and the Policy shall terminate immediately and We shall only pay the following to the Claimant, provided that the Policy is in force: ... Higher of (a) the Surrender Value as on the date of death or (b) the sum of Total Premiums Paid, loadings for modal premiums and Underwriting Extra Premium, if any, paid till the date of death, if the Policy has acquired a Surrender Value; or ... Total Premiums Paid plus loadings for modal premiums and Underwriting Extra Premium, if any, received by Us till the date of death, if the Policy has not acquired a Surrender Value.","sources":[{"clause":"5","heading":"SUICIDE EXCLUSION","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-5-4"},{"clause":"5.1","heading":null,"page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-5-1-2"},{"clause":"5.2","heading":null,"page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-5-2-3"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policy may be surrendered at any time, but surrender value is paid only after it has been acquired; otherwise no amount is payable. Surrender Value is the higher of Guaranteed Surrender Value and Special Surrender Value. Guaranteed Surrender Value is acquired after all premiums for the first 2 policy years are received; Special Surrender Value becomes payable after completion of the first policy year if one full year premium has been received.","display":"Higher of GSV or SSV; GSV after first 2 policy years’ premiums; SSV after first policy year with one full year premium","note":null,"quote":"You may request in writing to surrender the Policy at any time but You will get the Surrender Value only if the Policy has acquired the Surrender Value. ... If the Policy has not acquired Surrender Value, no amount shall be payable by Us. ... The Surrender Value will be equal to the higher of Guaranteed Surrender Value or Special Surrender Value. ... This Policy shall acquire Guaranteed Surrender Value if all the due Premiums for the first 2 (Two) Policy Years have been received in full and applied by Us. ... Special Surrender Value shall become payable after completion of first Policy Year provided one full year Premium has been received.","sources":[{"clause":"1.1","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-1-7"},{"clause":"1.3","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-3-3"},{"clause":"1.6.1","heading":null,"page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-6-1"},{"clause":"1.7.1","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-7-1"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"If the policy has acquired surrender value and due premiums are not paid, then after the grace period it does not lapse and continues with reduced paid-up benefits. Death benefit, maturity benefit, guaranteed income and accidental death benefit, where applicable, are reduced as specified using the Reduced Paid Up Factor.","display":"After surrender value is acquired, non-payment after grace period continues as reduced paid-up benefits","note":null,"quote":"If this Policy has acquired a Surrender Value, then, in the event of non-payment of the due Premiums, on the expiry of Grace Period, this Policy will not lapse and will continue with reduced paid-up benefits as specified below. If this Policy is under Reduced Paid Up Mode, the benefits payable shall be as follows:\nEvent during Policy Term | Benefits Payable\nOn death of Life Insured | In the event of the death of the Life Insured during Policy Term, We will pay the higher of: a. Reduced Paid Up Sum Assured on Death b. 105% of (Total Premiums Paid plus Underwriting Extra Premiums plus loadings for modal premiums), as on the date of death of Life Insured","sources":[{"clause":"3.1","heading":null,"page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-3-1"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A lapsed policy or reduced paid-up policy can be revived within the Revival Period, which is 5 consecutive years from the due date of the first unpaid premium, on written request with evidence of insurability and payment of overdue premiums with applicable taxes and interest.","display":"5 consecutive years from the due date of the first unpaid Premium","note":"Revival cannot be beyond the policy term.","quote":"“Revival Period” means a period of 5 (Five) consecutive years from the due date of the first unpaid Premium; ... A Lapsed Policy or a Policy under Reduced Paid Up Mode can be revived as per Underwriting Policy, within the Revival Period on Your written request to Us along with evidence of insurability (in form of declaration of health condition and/or relevant medical reports) of Life Insured at Your own cost and payment of all overdue Premiums (along with the applicable taxes, cesses and levies, if any) to Us with interest at a rate as may be determined by Us from time to time","sources":[{"clause":"45","heading":"“Revival Period”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-45"},{"clause":"3.1","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-3-1-2"}],"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":"quote-verified","value":"Loans are available after the policy has acquired surrender value. Minimum loan is INR 10,000 and maximum loan is 80% of the surrender value; loan interest is RBI Bank Rate plus 3.0%, currently 8.50% per annum, compounded annually.","display":"Available after surrender value; INR 10,000 minimum; up to 80% of surrender value; RBI Bank Rate + 3.0% interest","note":null,"quote":"Once this Policy has acquired the Surrender Value, You will be eligible for grant of loans from Us. ... The minimum amount of loan which can be granted under this Policy is INR 10,000 (Rupees Ten Thousand) and the maximum amount of loan shall not exceed 80% (Eighty percent) of the Surrender Value payable under this Policy, subject to such terms and conditions as may be determined by Us from time to time. ... The loan interest rate shall be equal to applicable ‘RBI Bank Rate’ plus 3.0% (currently 8.50% per annum), compounded annually","sources":[{"clause":"2.1","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-2-1-2"},{"clause":"2.2","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-2-2-3"},{"clause":"2.5","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-2-5-2"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Axis Max Life Term Plus Rider (UIN:104B026V04)","Axis Max Life Waiver of Premium Plus Rider (UIN: 104B029V06)","Axis Max Life Accidental Death and Dismemberment Rider (UIN: 104B027V05)","Axis Max Life Critical Illness and Disability Rider (UIN: 104B033V03)"],"display":"Term Plus; Waiver of Premium Plus; Accidental Death and Dismemberment; Critical Illness and Disability","note":"Optional riders; benefits are not treated as base-policy benefits.","quote":"Following riders are available under the product: ... Axis Max Life Term Plus Rider (UIN:104B026V04), which provides additional lump sum ... Axis Max Life Waiver of Premium Plus Rider (UIN: 104B029V06), which provides waiver ... Axis Max Life Accidental Death and Dismemberment Rider (UIN: 104B027V05), which ... Axis Max Life Critical Illness and Disability Rider (UIN: 104B033V03), which provides","sources":[{"clause":"C","heading":"RIDERS","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-c"},{"clause":"1","heading":"Axis Max Life Term Plus Rider (UIN:104B026V04), which provides additional lump sum","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-1-2"},{"clause":"2","heading":"Axis Max Life Waiver of Premium Plus Rider (UIN: 104B029V06), which provides waiver","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-2-2"},{"clause":"3","heading":"Axis Max Life Accidental Death and Dismemberment Rider (UIN: 104B027V05), which","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-3-2"},{"clause":"4","heading":"Axis Max Life Critical Illness and Disability Rider (UIN: 104B033V03), which provides","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-4-2"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground after 3 years from issuance, commencement of risk, revival or rider date, whichever is later. Within 3 years it may be questioned for fraud or material misstatement as specified, and non-fraud misstatement repudiation requires refund of premium collected within 90 days.","display":"After 3 yrs, no questioning on any ground; within 3 years for fraud or material misstatement; non-fraud refund within 90 days","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from a. the date of issuance of policy or b. the date of commencement of risk or c.the date of revival of policy or d. the date of rider to the policy, whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years ... 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 ... 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.","sources":[{"clause":"Section 45","heading":"Policy shall not be called in question on the ground of mis-statement after three years","page":28,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-section-45"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"Tax benefits may be available as per prevailing tax laws, which may change, and the policyholder is advised to consult a tax advisor regarding applicable benefits and liabilities.","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":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-1-3-4"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"“Freelook” means a period of 30 days beginning from the date of receipt of the Policy document","sources":[{"clause":"6","heading":"FREELOOK CANCELLATION","page":18,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-6-6"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":15},"display":"15 days for monthly Premium payment mode; 30 days for annual, semi-annual or quarterly premium payment modes","note":"Value and norm use the shorter variant for monthly mode; annual, semi-annual and quarterly modes have 30 days.","quote":"The grace period is a period of 15 (Fifteen) days from the due date of the first unpaid Premium for monthly Premium payment mode and 30 (Thirty) days from the due date of the first unpaid Premium for annual, semi-annual or quarterly premium payment modes;","sources":[{"clause":"17","heading":"“Grace Period”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#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":"quote-verified","value":"Minimum entry age is 91 days if Policy Continuance Benefit is not chosen and 18 years if it is chosen. The minimum entry age for additional accidental death benefit is 18 years. Maximum entry age varies by variant, premium payment term and PCB, and the prospectus tables show maxima up to 65 years without PCB and up to 55 years with PCB.","display":"Minimum 91 days without PCB; 18 years with PCB; maximum varies, up to 65 years without PCB and 55 years with PCB","note":"From the prospectus eligibility tables; exact maximum depends on variant, policy term option, PPT and PCB.","quote":"Minimum Entry age (age last birthday) under the product is 18 years if\nPolicy Continuance Benefit option is chosen, otherwise it is 91 days. The minimum entry age for additional accidental death benefit is 18 years. ... Insta | 70 less PPT | Not Applicable | 65 ... Insta | 60 less PPT | 55 | Not Applicable","sources":[{"clause":null,"heading":"AXIS MAX LIFE SMART WEALTH ADVANTAGE GROWTH PAR AT A GLANCE","page":5,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-axis-max-life-smart-wealth-advantage-growth-par-3"},{"clause":null,"heading":"Policy Continuance Benefit Not Opted","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-policy-continuance-benefit-not-opted"},{"clause":null,"heading":"Policy Continuance Benefit Opted","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279#c-policy-continuance-benefit-opted"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["annually","semi-annually","quarterly","monthly"],"display":"Annually, semi-annually, quarterly or monthly","note":null,"quote":"You can pay the Premium annually, semi-annually, quarterly or on monthly basis, as per the Premium payment mode chosen by You.","sources":[{"clause":"7.1","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833#c-7-1"}],"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":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Policy Contract","pages":30,"fetched_at":"2026-10-17 19:43:38+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SWAG-Par-Policy-Document.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2833"},{"kind":"prospectus","label":"Prospectus","pages":35,"fetched_at":"2026-10-17 19:32:51+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SWAG-Par-Prospectus.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2279"},{"kind":"cis","label":"Customer Information Sheet","pages":4,"fetched_at":"2026-10-17 19:33:23+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SWAG-Par-CIS.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2294"},{"kind":"brochure","label":"Leaflet","pages":10,"fetched_at":"2026-10-17 19:33:28+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SWAG-Par-Leaflet.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04/document/2297"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Axis Max Life Insurance official website","url":"https://www.axismaxlife.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims centre","url":"https://www.axismaxlife.com/claims-centre","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.axismaxlife.com/customer-servicing/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Pay renewal premium","url":"https://www.axismaxlife.com/cs/pay-online","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Smart Wealth Advantage Growth Par Plan (UIN 104N135V04), IndiaInsurances, https://indiainsurances.com/policy/axis-max-life-insurance/smart-wealth-advantage-growth-par-plan-104n135v04"}