{"uin":"104N136V03","name":"Axis Max Life Secure Earnings & Wellness Advantage Plan","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03","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":"Product","kind":"product","status":"active","approved_on":"2023-09-08","withdrawn_on":null,"summary":"This is a non-linked non-participating individual life insurance savings plan with Elite Variant and Lite Variant, life cover, maturity benefits, and fixed hospitalization and surgical benefits. The Sum Assured starts from Rs.3 Lakh, the free-look period is 30 days, and the grace period is 30 days except 15 days for monthly mode.","analysis":{"state":"machine","analysed_at":"2026-10-19 21:09:21.750474+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":["Elite Variant","Lite Variant"],"display":"Elite Variant and Lite Variant","note":null,"quote":"There are two Variants available in this plan: Elite Variant and Lite Variant.","sources":[{"clause":null,"heading":"GENERAL DEFINITIONS OF THE TERMS USED","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-general-definitions-of-the-terms-used"}],"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":"Elite Variant policy terms are 12, 15, 18 or 20 years. Lite Variant policy terms include 15, 18, 20 and 30 years, depending on the premium paying term chosen.","display":"Elite: 12, 15, 18 or 20 years; Lite: 15, 18, 20 or 30 years","note":"The table links policy term to the selected variant and premium paying term.","quote":"Elite Variant: Limited Pay | 8 | 12 | Annual, Semi-annual, Quarterly , Monthly | 18 | 50 | 30 | 62 | Annual: 16,503; Semi-annual: 8,375; Quarterly: 4,221 Monthly: 1,414 | No Limit^\n10 | 15 | 55 | 33 | 70\n12 | 18 | 55 | 36 | 73\n15 | 20 | 55 | 38 | 75\nLite Variant: | 5 | 15 | 55 | 33 | 70 | Annual: 12,389; Semi-annual: 6,287; Quarterly:3,169 Monthly: 1,062\n10 | 15 | 55 | 33 | 70\n12 | 18 | 55 | 36 | 73\n15 | 20 | 55 | 38 | 75\n15 | 15 | 55 | 33 | 70\n20 | 20 | 55 | 38 | 75\n30 | 30 | 45 | 48 | 75","sources":[{"clause":null,"heading":"PLAN AT A GLANCE","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#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":"quote-verified","value":"Death claims must be notified immediately in writing. Claim forms must be completed and furnished at the claimant's expense within 90 days after the insured event happens, unless specified otherwise.","display":"Death claims: immediately in writing; claim forms within 90 days after the insured event","note":null,"quote":"Notice of Claim – All cases of death claim must be notified immediately to us in writing. However, We may condone delay on merit for delayed claims where the reason for delay is proved to be for reasons beyond the control of the Claimant. ... Claim forms as required by us must be completed and furnished to us, at the Claimant’s expense, within 90 days after the date the insured event happens, unless specified otherwise.","sources":[{"clause":"1.2(k)(ii)","heading":"For Lite Variant","page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-k-ii"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Claimant’s statement in the prescribed form (death claim application form - Form A)","Original Policy document","copy of police complaint/ first information report (in the case of death by Accident or unnatural death or suicidal death of the Life Insured)","all medical/ Hospital records, in case of Hospitalisation, (including diagnostic records)","copy of bank passbook / cancelled cheque of the Claimant","NEFT mandate form attested by bank authorities","copy of discharge summary","Id proof of Claimant","copy of Hospital bill receipt","additional document such as indoor case papers, first consultation paper and Hospital registration certificate"],"display":"Death, maturity and health-benefit claim documents include claim forms, original policy document, medical/hospital records, death or police documents where applicable, identity proof, NEFT/bank documents, discharge summary, hospital bill receipt and other documents required by the insurer.","note":"The insurer may also require any other document or information for assessing and approving the claim request.","quote":"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); ... d) all medical/ Hospital records, in case of Hospitalisation, (including diagnostic records); ... n) copy of bank passbook / cancelled cheque of the Claimant; ... q) NEFT mandate form attested by bank authorities ... c) copy of discharge summary; ... d) Id proof of Claimant; ... f) copy of Hospital bill receipt; ... g) additional document such as indoor case papers, first consultation paper and Hospital registration certificate;","sources":[{"clause":"1.2(a)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-a-4"},{"clause":"1.2(b)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-b-4"},{"clause":"1.2(c)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-c-3"},{"clause":"1.2(d)","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-d-3"},{"clause":"1.2(n)","heading":null,"page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-n"},{"clause":"1.2(q)","heading":null,"page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-q"},{"clause":"1.2(c)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-c-5"},{"clause":"1.2(d)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-d-5"},{"clause":"1.2(f)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-f-4"},{"clause":"1.2(g)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-g-3"}],"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":"quote-verified","value":"The turnaround time for claims settlement is 30 days after receipt of the entire documents or completion of investigations, if any, whichever is later.","display":"30 days after receipt of entire documents or completion of investigations, whichever is later","note":null,"quote":"Turn Around Time (TAT) for claims settlement: 30 days after receipt of entire documents or completion of investigations, if any, whichever is later","sources":[{"clause":"1.2(k)(ii)","heading":"For Lite Variant","page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-k-ii"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"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":"Complaints should first be made to the insurer's Grievance Redressal Officer at Axis Max Life Insurance Limited, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram-122015, Haryana, India, or through the insurer's grievance portal.","display":"Grievance Redressal Officer, Axis Max Life Insurance Limited, Gurugram; portal: https://www.axismaxlife.com/customer-service/grievance-redressal","note":null,"quote":"Contact Details of Grievance\n/Complaints | Redressal Officer of the insurer:\n• Grievance Redressal Officer, Axis Max Life Insurance Limited, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram- 122015, Haryana, India\n• Link for registering the grievance with the insurer’s portal\n• https://www.axismaxlife.com/custom er-service/grievance-redressal","sources":[{"clause":"1.2(h)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393#c-1-2-h-3"}],"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":"The Sum Assured is the absolute amount chosen by the policyholder at policy inception, and benefits are linked to this Sum Assured. The prospectus says the Sum Assured starts from Rs.3 Lakh; it does not state a maximum Sum Assured in the cited clauses.","display":"Starting from Rs.3 Lakh; maximum not stated","note":"The provided documents state the minimum starting Sum Assured but not a maximum Sum Assured.","quote":"“Sum Assured” refers to the absolute amount chosen by the policyholder at policy inception. Benefits payable under the product are linked to this Sum Assured. ... Step 1: Decide the Sum Assured (Starting from Rs.3 Lakh)","sources":[{"clause":null,"heading":"GENERAL DEFINITIONS OF THE TERMS USED","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-general-definitions-of-the-terms-used"},{"clause":null,"heading":"Step 1","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-step-1"}],"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":"On death of the life insured during the policy term while the policy is in force and all due premiums have been paid, a lump sum death benefit is payable immediately. For Elite Variant it is the higher of Sum Assured on Death, 105% of total premiums paid plus specified extras and modal loadings and discount if any, or Accrued Benefit; for Lite Variant it is the higher of Sum Assured on Death, 105% of total premiums paid plus specified extras and modal loadings and discount if any, or 100% of total premiums paid plus specified extras, modal loadings and discount if any plus accrued Wellness Booster and Loyalty Booster.","display":"Immediate lump sum; higher of variant-specific death benefit amounts","note":"The policy terminates on death during the policy term.","quote":"A lump sum ‘Death Benefit’ is payable immediately on the death of the Life Insured during the policy term and is defined as higher of: ... Elite Variant | Lite Variant\n• Sum Assured on Death • 105% of Total Premiums Paid plus underwriting extra premiums plus loadings for modal premiums plus discount, (if any) as on the date of death of life insured • Accrued Benefit as on the date of death of life insured | • Sum Assured on Death • 105% of Total Premiums Paid plus underwriting extra premiums plus loadings for modal premiums plus discount, (if any) as on the date of death of life insured • 100% of Total Premiums Paid plus underwriting extra premiums plus loadings for modal premiums plus discount, (if any) as on the date of death of life insured plus accrued Wellness Booster plus accrued Loyalty Booster","sources":[{"clause":null,"heading":"BENEFITS IN DETAIL","page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-benefits-in-detail"}],"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 all due premiums have been paid and the policy is in force, Elite Variant pays Sum Assured on Maturity plus accrued Loyalty Booster, accumulated Saving Boosters and accrued Wellness Boosters, less Health Care Benefit withdrawals. Lite Variant pays Sum Assured on Maturity plus accrued Loyalty Booster and accrued Wellness Boosters, and its Sum Assured on Maturity is 100% of Total Premiums Payable.","display":"Elite: Sum Assured on Maturity plus boosters less withdrawals; Lite: 100% of Total Premiums Payable plus boosters","note":null,"quote":"Payable on survival of the Life Insured on the maturity date provided all due premiums have been paid and the policy is in-force. | Elite Variant: Maturity Benefit as on date of maturity, equal to Sum Assured on Maturity plus an amount equal to the following shall be payable on maturity. • Accrued Loyalty Booster (if any), plus • Accumulated Saving Boosters (if any), plus • Accrued Wellness Boosters (if any), less • Total withdrawals availed under the Health Care Benefit option, (if any). ... Lite Variant:\nMaturity Benefit is defined as:\n• Sum Assured on Maturity, plus\n• Accrued Loyalty Booster, (if any), plus\n• Accrued Wellness Boosters, (if any). ... Sum Assured on Maturity is equal to 100% of the Total Premiums Payable*.","sources":[{"clause":null,"heading":"BENEFITS IN DETAIL","page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-benefits-in-detail"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Elite Variant is limited pay with premium paying terms of 8, 10, 12 or 15 years. Lite Variant can be regular or limited pay, with premium paying terms shown in the table as 5, 10, 12, 15, 20 or 30 years depending on the policy term.","display":"Elite limited pay: 8, 10, 12 or 15 years; Lite: 5, 10, 12, 15, 20 or 30 years","note":"The table ties each premium paying term to a corresponding policy term and age limits.","quote":"Elite Variant: Limited Pay | 8 | 12 | Annual, Semi-annual, Quarterly , Monthly ... 10 | 15 | 55 | 33 | 70\n12 | 18 | 55 | 36 | 73\n15 | 20 | 55 | 38 | 75\nLite Variant: | 5 | 15 | 55 | 33 | 70 ... 10 | 15 | 55 | 33 | 70\n12 | 18 | 55 | 36 | 73\n15 | 20 | 55 | 38 | 75\n15 | 15 | 55 | 33 | 70\n20 | 20 | 55 | 38 | 75\n30 | 30 | 45 | 48 | 75","sources":[{"clause":null,"heading":"PLAN AT A GLANCE","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-plan-at-a-glance"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"The maximum age at maturity is 75 years. Lower maximum maturity ages apply for some combinations, such as 62 for the Elite 8-year premium paying term and 70 or 73 for some other policy terms.","display":"Maximum 75 years","note":"All ages are age as on last birthday.","quote":"Age at | Age at | Premium# (in Rs.)\nm | Term | Entry* | Maturity* ... Elite Variant: Limited Pay | 8 | 12 | Annual, Semi-annual, Quarterly , Monthly | 18 | 50 | 30 | 62 ... 10 | 15 | 55 | 33 | 70\n12 | 18 | 55 | 36 | 73\n15 | 20 | 55 | 38 | 75 ... Lite Variant: | 5 | 15 | 55 | 33 | 70 ... 12 | 18 | 55 | 36 | 73\n15 | 20 | 55 | 38 | 75 ... 30 | 30 | 45 | 48 | 75","sources":[{"clause":null,"heading":"PLAN AT A GLANCE","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-plan-at-a-glance"}],"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 death is due to suicide within 12 months from inception or revival, the policy terminates immediately. If the policy has acquired surrender value, the nominee or beneficiary gets the higher of surrender value on the date of death or total premiums paid plus specified extras excluding taxes; if it has not acquired surrender value and is in force, total premiums paid plus specified extras excluding taxes is payable.","display":"Within 12 months: higher of surrender value or premiums paid if surrender value acquired; otherwise premiums paid, excluding taxes","note":null,"quote":"In case of death due to suicide within 12 months from the date of inception of the policy (from the date of commencement of risk under the policy) or the date of revival of policy as applicable, the policy shall terminate immediately. In such cases, the nominee or beneficiary of the policy holder shall be entitled to:\n• Higher of Surrender Value available as on the date of death or sum of total premiums paid, underwriting extra premiums and loadings for modal premiums (if any) and exclusive of taxes, cesses and levies as on date death, in case the policy has acquired a surrender value; or\n• Total Premiums paid plus underwriting extra premiums, loadings for modal premium and exclusive of taxes, cesses and levies as on date of death, in case the policy has not acquired a surrender value provided the policy is in force.","sources":[{"clause":null,"heading":"Suicide Exclusions","page":31,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-suicide-exclusions"}],"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 can be surrendered any time after it has acquired a surrender value, and the surrender value is the higher of Guaranteed Surrender Value or Special Surrender Value. GSV is acquired immediately on payment of two full years' premiums; SSV is acquired after completion of the first policy year provided one full year premium has been received.","display":"Higher of GSV or SSV; GSV after two full years' premiums, SSV after first policy year with one full year premium","note":null,"quote":"The policyholder can surrender the policy any time after it has acquired a surrender value. The surrender value will be equal to the higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). After the payment of the surrender benefit, the policy will terminate and no further benefit shall be payable. ... The policy acquires a Guaranteed Surrender value immediately on payment on two full year’s premiums. ... The policy acquires a Special Surrender value and shall be payable after completion of the first policy year provided one full year premium has been received.","sources":[{"clause":null,"heading":"Surrenders","page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-surrenders"},{"clause":null,"heading":"Guaranteed Surrender Value (GSV)","page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-guaranteed-surrender-value-gsv"},{"clause":null,"heading":"Special Surrender Value (‘SSV’)","page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-special-surrender-value-ssv"}],"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":"Once the policy acquires a surrender value, it becomes reduced paid-up by default if further premiums are not paid. The reduced paid-up factor is total premiums paid divided by total premiums payable, and reduced paid-up death, maturity, hospitalization cash and surgical care benefits continue on that basis.","display":"Reduced paid-up after acquiring surrender value; benefits reduced by RPU Factor","note":"The clause gives separate reduced paid-up death and maturity benefit formulas for Elite and Lite variants.","quote":"Once the policy acquires a surrender value as mentioned above, by default the policy will become RPU in case of non-payment of any further premium. RPU Factor = (Number of Total Premiums Paid for base policy) / (Number of Total Premiums Payable for base policy) ... The Fixed Daily Hospitalisation Cash Benefit (FDHC) and Fixed Surgical Care Benefit (FSC) will continue on reduced paid up basis after the policy has become reduced paid up","sources":[{"clause":null,"heading":"Reduced Paid-Up Policy","page":18,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-reduced-paid-up-policy"}],"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 five years from the due date of the first unpaid premium, subject to payment of overdue premiums with applicable late fee, evidence of insurability, and approval by Axis Max Life. A policy cannot be revived beyond the policy term.","display":"5 years from the due date of first unpaid premium","note":null,"quote":"Once the policy has lapsed, it can only be revived within a revival period of five years from the due date of first unpaid premium, subject to following conditions:\n• Policyholder paying all overdue premiums, together with late fee applicable as on the date of revival ... A RPU policy can be revived within a revival period of five years from the due date of first unpaid premium ... For the avoidance of doubt, the Policy cannot be revived beyond the Policy Term.","sources":[{"clause":null,"heading":"REVIVAL OF THE PLAN","page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-revival-of-the-plan"}],"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":"Policy loans are available once the policy has acquired surrender value, during the policy term only. The minimum loan is Rs. 10,000 and the maximum is 75% of surrender value; the referenced loan interest rate is 9.75% p.a. compounded annually, based on RBI Bank rate plus 3%.","display":"Available after surrender value; min Rs. 10,000, max 75% of surrender value","note":null,"quote":"Once the policy has acquired the surrender value, Policy loans will be available under this product subject to maximum limit of 75% of Surrender Value. ... Policy Loan shall be available during Policy Term only. ... The minimum loan amount that can be granted under the policy at any time will be Rs. 10,000. ... For reference, the existing loan interest rate is 9.75% p.a. compounded annually and is based on the RBI Bank rate of 6.75% p.a. prevailing as at 31st March 2024 plus a margin of 3%.","sources":[{"clause":null,"heading":"Loan Provision","page":31,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-loan-provision"}],"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 Accidental Death and Dismemberment Rider (UIN: 104B027V05)","Axis Max Life Term Plus Rider (UIN: 104B026V04)","Axis Max Life Critical Illness and Disability Rider (UIN: 104B033V02)"],"display":"Accidental Death and Dismemberment Rider, Term Plus Rider, Critical Illness and Disability Rider","note":null,"quote":"Following riders are available under the product:\nAxis Max Life Accidental Death and Dismemberment Rider (UIN: 104B027V05), which provides additional benefits in case of death or dismemberment of the Life Insured due to an accident. Axis Max Life Term Plus Rider (UIN: 104B026V04), which provides additional lump sum benefit in case of death of the Life Insured. Axis Max Life Critical Illness and Disability Rider (UIN: 104B033V02), which provides additional lump sum benefit in case of critical illness diagnosis.","sources":[{"clause":null,"heading":"RIDERS","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-riders"}],"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 three years from the later of policy issuance, commencement of risk, revival or rider date. Within three years, it may be questioned for fraud or material misstatement/suppression subject to the stated communication and proof requirements, and non-fraud repudiation requires collected premiums to be paid within 90 days.","display":"Cannot be questioned after 3 years; within 3 years only as stated for fraud or material misstatement/suppression","note":null,"quote":"(1) No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e. from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy whichever is later. ... (2) A policy of life insurance may be called in question at any time within three years ... on the ground of fraud: ... (4) A policy of the life insurance may be called in question at any time within three years ... on the ground that any statement of or suppression of a fact material to the expectancy of the life of the insured was incorrectly made ... the premiums collected on the policy till the date of repudiation shall be paid ... within a period of ninety days from the date of such repudiation","sources":[{"clause":"Section 45","heading":"of the insurance Act, 1938 as amended from time to time states that","page":32,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-section-45"},{"clause":"Section 45(d)","heading":null,"page":33,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-section-45-d"}],"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":"The prospectus says the policyholder may be entitled to applicable tax benefits on premiums and policy benefits, subject to prevailing tax laws at the time of premium payment or benefit receipt, and that tax benefits are subject to changes in tax laws.","display":"Tax benefits may be available as per prevailing tax laws and are subject to changes in tax laws","note":null,"quote":"You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws.","sources":[{"clause":null,"heading":"Communication Address","page":37,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-communication-address"}],"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":"Refund is subject to deductions for proportionate risk premium, medical examination expenses, if any, and stamp duty charges.","quote":"“Free Look” means a period of thirty (30) days beginning from the date of receipt of the policy document, whether received electronically or otherwise, to review the terms and conditions of the policy.","sources":[{"clause":null,"heading":"Free Look Option","page":30,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-free-look-option"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days for annual, semi-annual and quarterly modes; 15 days for monthly mode","note":"During the grace period, insurance coverage continues and the company accepts premium without late fee.","quote":"A grace period of thirty (30) days for annual, semi-annual and quarterly modes and fifteen (15) days for monthly mode from the due date for payment of each premium will be allowed to the policyholder for payment of contractual premium.","sources":[{"clause":null,"heading":"Grace period","page":31,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-grace-period"}],"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 18 years. Maximum entry age is generally 55 years, except Elite 8-year premium paying term has maximum entry age 50 years and Lite 30-year premium paying term/policy term has maximum entry age 45 years.","display":"18 to 55 years; Elite 8-year PPT max 50, Lite 30-year PPT/PT max 45","note":"All ages are age as on last birthday.","quote":"Age at | Age at | Premium# (in Rs.)\nm | Term | Entry* | Maturity* ... Elite Variant: Limited Pay | 8 | 12 | Annual, Semi-annual, Quarterly , Monthly | 18 | 50 | 30 | 62 ... 10 | 15 | 55 | 33 | 70\n12 | 18 | 55 | 36 | 73\n15 | 20 | 55 | 38 | 75\nLite Variant: | 5 | 15 | 55 | 33 | 70 ... 30 | 30 | 45 | 48 | 75\n*All ages mentioned above are age as on last birthday","sources":[{"clause":null,"heading":"PLAN AT A GLANCE","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-plan-at-a-glance"}],"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":["Annual","Semi-annual","Quarterly","Monthly"],"display":"Annual, Semi-annual, Quarterly and Monthly","note":null,"quote":"Premium Payment Mode | Factor\nAnnual | 1.0000\nSemi-annual | 0.5075\nQuarterly | 0.2558\nMonthly | 0.0857","sources":[{"clause":null,"heading":"Modal Factors","page":35,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-modal-factors"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["limited period","regular period"],"display":"Elite: limited premium; Lite: regular or limited premium","note":null,"quote":"Elite Variant: Under this Variant, you\na) Pay premium for a limited period (Premium Payment Term) ... Lite Variant: Under this Variant, you\na) Pay premiums for a regular period or limited period (Premium Payment term)","sources":[{"clause":null,"heading":"GENERAL DEFINITIONS OF THE TERMS USED","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377#c-general-definitions-of-the-terms-used"}],"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":"Axis Max Life Secure Earnings & Wellness Advantage Plan - (UIN: 104N136V01)","pages":24,"fetched_at":"2026-10-17 19:39:30+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/104N136V01_Secure%20Earnings%20Wellness%20Advantage%20Plan_Policy%20Document.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2615"},{"kind":"prospectus","label":"Prospectus","pages":38,"fetched_at":"2026-10-17 19:35:05+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SEWA-Prospectus.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2377"},{"kind":"cis","label":"Customer Information Sheet","pages":38,"fetched_at":"2026-10-17 19:35:22+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SEWA-CIS.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2393"},{"kind":"brochure","label":"Leaflet","pages":12,"fetched_at":"2026-10-17 19:35:15+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SEWA-Leaflet.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/2384"},{"kind":"claim-form","label":"Claim Form AXIS","pages":null,"fetched_at":"2026-10-17 19:32:08+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SEWA%20Claim%20Form.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03/document/18633"}],"versions":[{"uin":"104N136V01","version":null,"approved_on":null},{"uin":"104N136V03","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Axis Max Life Insurance official website","url":"https://www.axismaxlife.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims centre","url":"https://www.axismaxlife.com/claims-centre","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.axismaxlife.com/customer-servicing/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Pay renewal premium","url":"https://www.axismaxlife.com/cs/pay-online","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Axis Max Life Secure Earnings & Wellness Advantage Plan (UIN 104N136V03), IndiaInsurances, https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-secure-earnings-and-wellness-advantage-plan-104n136v03"}