{"uin":"104N137V13","name":"Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13","insurer":{"slug":"axis-max-life-insurance","name":"Axis Max Life Insurance Limited","url":"https://indiainsurances.com/insurer/axis-max-life-insurance"},"line":"life","category":"pension-annuity","category_name":"Pension and annuity","irdai_type":"Product","kind":"product","status":"active","approved_on":"2024-01-12","withdrawn_on":null,"summary":"Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan is a non-linked non-participating individual general annuity savings plan with immediate and deferred annuity options for single or joint life. It has a 30-day free-look period, no maturity benefit, and limited-premium deferred variants have a 15-day or 30-day grace period.","analysis":{"state":"machine","analysed_at":"2026-10-19 20:17:33.015214+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":"The wording lists annuity variants and sub-variants, but no separate named plans.","quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"For immediate and deferred annuity single-life variants, the policy term runs from commencement of risk until the death of the annuitant. For joint-life variants it runs until the death of the last surviving annuitant, and for guaranteed-period-and-life-thereafter variants it runs until the end of the guaranteed period or death of the annuitant, whichever is later.","display":"Till death of the annuitant, last surviving annuitant, or end of guaranteed period/death, as applicable","note":null,"quote":"“Policy Term”\ni) In case of Immediate Annuity & Deferred Annuity (single life) variants, shall be the period commencing on the Date of Commencement of Risk till the death of the Annuitant;\nii) Immediate Annuity & Deferred Annuity (joint life) variants, shall be the period commencing on the Date of Commencement of Risk till the death of the last surviving Annuitant;\niii) In case of ‘Annuity for Guaranteed Period and Life Thereafter’ Annuity Variants, shall be the period commencing on the Date of Commencement of Risk till the end of Guaranteed Period or till the death of the Annuitant, whichever is later.","sources":[{"clause":"29","heading":null,"page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-29"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"not-stated","value":null,"display":null,"note":"The wording states documents and living certificate timelines, but does not state a deadline for intimating a death claim.","quote":null,"sources":[],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Claimant’s statement in the prescribed form (death claim application form -form A)","original Policy document","a copy of death certificate issued by the local/municipal authority (if applicable)","identity proof of the Claimant bearing their photographs and signature","discharge summary / indoor case papers in case death happened due to medical reasons in a hospital","medical booklet / CGHS card details in case of defence and central government personnel","body transfer certificate / embassy documents / postmortem report whichever applicable in case of death in foreign country","complete passport copy in case of death in foreign country","other life / health insurance details with claim history details","employer certificate with complete leave records (Form E)","copy of bank passbook / cancelled cheque of the Claimant","ITR for last 3 years / GST certificate in case of self employed","the attending physician’s statement (Form C) and the medical records","NEFT mandate form attested by bank authorities","Bank details of Claimant","any other documents or information required by Us for assessing and approving the claim request","Living Certificate in the format prescribed by Us","NEFT Form (if not provided earlier), A cancelled cheque or copy of passbook with pre-printed name and bank account number"],"display":"Death claim documents include Form A, original policy document, death certificate, identity proof, hospital/medical records, bank details and other documents required; survival benefit requires a Living Certificate and NEFT/bank proof if not provided earlier.","note":null,"quote":"For Death benefit: For processing a claim request for the Death Benefit (if applicable) under the Policy, We will require all of the following documents: ... Claimant’s statement in the prescribed form (death claim application form -form A); ... original Policy document; ... a copy of death certificate issued by the local/municipal authority (if applicable); ... identity proof of the Claimant bearing their photographs and signature; ... discharge summary / indoor case papers in case death happened due to medical reasons in a hospital; ... medical booklet / CGHS card details in case of defence and central government personnel; ... body transfer certificate / embassy documents / postmortem report whichever applicable in case of death in foreign country; ... complete passport copy in case of death in foreign country; ... other life / health insurance details with claim history details; ... employer certificate with complete leave records (Form E); ... copy of bank passbook / cancelled cheque of the Claimant; ... ITR for last 3 years / GST certificate in case of self employed; ... in case of a medical/natural death of the Life Insured, the attending physician’s statement (Form C) and the medical records (admission notes, discharge/death summary, test reports, etc.); ... NEFT mandate form attested by bank authorities; ... Bank details of Claimant; and ... any other documents or information required by Us for assessing and approving the claim request. ... the Annuitant (the last surviving Annuitant in case of death of any annuitant for joint life Annuity) or Appointee in case of minor is required to submit to Us a Living Certificate in the format prescribed by Us at least 30 days before the end of each Policy Year. ... NEFT Form (if not provided earlier), A cancelled cheque or copy of passbook with pre-printed name and bank account number, for payout through NEFT (if not provided earlier).","sources":[{"clause":"3.1","heading":"For Death benefit","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-2"},{"clause":"3.1.1","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-1"},{"clause":"3.1.2","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-2-2"},{"clause":"3.1.3","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-3"},{"clause":"3.1.4","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-4"},{"clause":"3.1.5","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-5"},{"clause":"3.1.6","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-6"},{"clause":"3.1.7","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-7"},{"clause":"3.1.8","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-8"},{"clause":"3.1.9","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-9"},{"clause":"3.1.10","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-10"},{"clause":"3.1.11","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-11"},{"clause":"3.1.12","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-12"},{"clause":"3.1.13","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-13"},{"clause":"3.1.14","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-14"},{"clause":"3.1.15","heading":"Bank details of Claimant; and","page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-15"},{"clause":"3.1.16","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-1-16"},{"clause":"3.2.1","heading":null,"page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-2-1"},{"clause":"3.2.7","heading":null,"page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-2-7"}],"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 wording says benefits are payable on submission of satisfactory proof, but does not state a claim decision or payment timeline.","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":["No maturity benefit is payable under the Policy.","If the Schedule specifies sub-variant ‘Single Life without Death Benefit’ or ‘Joint Life without Death Benefit’, then no Death Benefit will be payable.","If the schedule specifies sub variant ‘Joint Life Without Death Benefit’, then no Death Benefit shall be payable under the Policy.","On death of the Annuitant after the Guaranteed Period, no Death Benefit will be payable.","In case of death after the Deferment Period, no Death Benefit shall be payable and the Policy will terminate immediately.","No Surrender benefit shall be payable in case You have chosen Immediate Annuity variants without Death Benefit."],"display":"Main non-payments include no maturity benefit, no death benefit under variants without death benefit, no death benefit after the guaranteed period in the guaranteed-period option, no death benefit after deferment for death-benefit-till-deferment variants, and no surrender benefit for immediate annuity variants without death benefit.","note":null,"quote":"No maturity benefit is payable under the Policy. ... If the Schedule specifies sub-variant ‘Single Life without Death Benefit’ or ‘Joint Life without Death Benefit’, then no Death Benefit will be payable. ... If the schedule specifies sub variant ‘Joint Life Without Death Benefit’, then no Death Benefit shall be payable under the Policy. ... On death of the Annuitant after the Guaranteed Period, no Death Benefit will be payable. ... In case of death after the Deferment Period, no Death Benefit shall be payable and the Policy will terminate immediately. ... No Surrender benefit shall be payable in case You have chosen Immediate Annuity variants without Death Benefit.","sources":[{"clause":"1.3","heading":"MATURITY BENEFIT","page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-3"},{"clause":"1.1(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-a"},{"clause":"1.1(c)(ii)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-c-ii"},{"clause":"1.1(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-a-2"},{"clause":"1.1","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-2"}],"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":"First address grievances or queries to the agent, customer helpdesk, or any Axis Max Life office. If the response is not satisfactory or there is no response within 14 days, file a written complaint to the Grievance Redressal Officer.","display":"First: agent/customer helpdesk or any Axis Max Life office; after 14 days/no satisfactory response: Grievance Redressal Officer","note":null,"quote":"All consumer grievances and/or queries may be first addressed to Your agent or Our customer helpdesk as mentioned below:\na) Axis Max Life Insurance Limited, Plot 90C, Udyog Vihar, Sector 18, Gurugram, 122015, Haryana, India, Helpline No.\n– 1860 120 5577, Email: service.helpdesk@axismaxlife.com, Or\nb) To any office of Axis Max Life Insurance Limited. ... If Our response is not satisfactory or there is no response within 14 (Fourteen) days ... the complainant 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, Udyog Vihar Sector 18, Gurugram, 122015, Haryana, India Helpline No. – 1860 120 5577 or (0124) 4219090 Email: manager.services@axismaxlife.com;","sources":[{"clause":"1.1","heading":null,"page":23,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-3"},{"clause":"1.2","heading":"If Our response is not satisfactory or there is no response within 14 (Fourteen) days","page":23,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-2-8"},{"clause":"1.2.1","heading":null,"page":23,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#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":"not-applicable","value":null,"display":null,"note":"This is an annuity savings plan; the wording describes annuity and death benefits, not a sum assured.","quote":null,"sources":[],"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":"Death benefit depends on the annuity variant and sub-variant. Variants without death benefit pay no death benefit; variants with death benefit generally return a selected or 100% proportion of Total Premiums Paid, while deferred annuity variants use 105% of Total Premiums Paid or an accumulation formula as specified.","display":"Depends on variant: no death benefit for variants without death benefit; return of selected/100% Total Premiums Paid or deferred-annuity formula for variants with death benefit","note":"The detailed formula differs by annuity variant, sub-variant, single or joint life, death before or after deferment, milestone age, and whether any annuity was paid after death.","quote":"If the Schedule specifies sub-variant ‘Single Life without Death Benefit’ or ‘Joint Life without Death Benefit’, then no Death Benefit will be payable. ... If the Schedule specifies sub-variant ‘Single Life with Death Benefit’ and Policy is in force, on the death of the Annuitant, We will return of fixed percentage of the Total Premiums Paid (in multiples of 25%), as selected by You at inception of the Policy and specified in the Schedule, to the Claimant and the Policy shall terminate immediately. ... On death of the last surviving Annuitant, We will pay 100% of the Total Premiums Paid to the Claimant and Policy will terminates thereafter. ... we will pay higher of (a) Total Premiums paid (inclusive of loadings of modal premiums, if any) accumulated at 6 % pa compounded on a daily basis till death; or (b) 105% of Total Premiums Paid. ... we will pay higher of (a) Total Premiums paid (inclusive of loadings of modal premiums, if any) accumulated at 6 % pa compounded on a daily basis till end of Deferment Period less total Annuity payout made till the date of death; or (b) 105 % of the Total Premiums Paid.","sources":[{"clause":"1.1(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-a"},{"clause":"1.1(b)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-b"},{"clause":"1.1(c)(i)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-c-i"},{"clause":"1.1(b)(i)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-b-i"},{"clause":"1.1(b)(ii)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-b-ii"}],"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":"No maturity benefit is payable under the policy.","display":"No maturity benefit is payable","note":null,"quote":"No maturity benefit is payable under the Policy.","sources":[{"clause":"1.3","heading":"MATURITY BENEFIT","page":11,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-3"}],"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":"The policy schedule has a placeholder for Premium Payment Term in years, but the wording does not state the available premium paying term range.","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":"The wording does not state a maximum maturity age. The policy term runs until death of the annuitant, death of the last surviving annuitant, or for the guaranteed-period option until the end of the guaranteed period or death, whichever is later.","display":"No fixed maximum maturity age stated; term runs till death/last survivor or guaranteed period/death as applicable","note":null,"quote":"“Policy Term”\ni) In case of Immediate Annuity & Deferred Annuity (single life) variants, shall be the period commencing on the Date of Commencement of Risk till the death of the Annuitant;\nii) Immediate Annuity & Deferred Annuity (joint life) variants, shall be the period commencing on the Date of Commencement of Risk till the death of the last surviving Annuitant;\niii) In case of ‘Annuity for Guaranteed Period and Life Thereafter’ Annuity Variants, shall be the period commencing on the Date of Commencement of Risk till the end of Guaranteed Period or till the death of the Annuitant, whichever is later.","sources":[{"clause":"29","heading":null,"page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-29"}],"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":"In case of suicide by the annuitant or the last surviving annuitant, the applicable death benefit is payable.","display":"Applicable Death Benefit is payable","note":null,"quote":"In case of Suicide by the Annuitant or the last surviving Annuitant (in case of death of the any Annuitant), the Death Benefit (as applicable) in accordance with the Clause 1.1 of Part C shall be payable.","sources":[{"clause":"6","heading":"SUICIDE EXCLUSION","page":21,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-6-6"}],"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":"Surrender benefit is not payable for immediate annuity variants without death benefit. Surrender value applies to immediate annuity with death benefit sub-variants and deferred annuity with death benefit for life sub-variants; for deferred annuity with death benefit till deferment period, it applies during the deferment period. It is the higher of guaranteed surrender value and special surrender value, subject to not exceeding the applicable death benefit.","display":"Not available for immediate annuity without death benefit; otherwise as higher of GSV and SSV where applicable, capped at applicable Death Benefit","note":"Guaranteed surrender value formulas and factors vary by annuity variant, policy year, deferment period, and single or limited premium.","quote":"No Surrender benefit shall be payable in case You have chosen Immediate Annuity variants without Death Benefit. The Surrender Value is applicable for Immediate Annuity with Death Benefit sub variants and Deferred Annuity with Death Benefit for life sub variants. For Deferred Annuity with Death Benefit till Deferment period sub variants, Surrender Value is applicable during the Deferment Period, ... The Policy will acquire Surrender Value immediately after the end of Freelook period only for the Single Premium Annuity Variants. ... For Limited Premium ‘Deferred Annuity’ Annuity Variant, the Policy will acquire Guaranteed Surrender Value on payment of two full years’ Premium. ... Special Surrender Value: For Limited Premium Payment Variant Deferred Annuity option, where the premium payment term is equal to or more than five (5) years, the Policy may also acquire a Special Surrender Value after completion of first Policy Year provided one full year premium has been received and shall become payable on Surrender of Policy after completion of first Policy Year. ... Surrender Value to be paid shall be equal to the Surrender Value resulting from the above mentioned calculation or the applicable Death Benefit at the time of surrender, whichever is lower.","sources":[{"clause":"1.1","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-1-2"},{"clause":"1.2","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-2-7"},{"clause":"1.5.1","heading":null,"page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-5-1"},{"clause":"1.5.3","heading":"Special Surrender Value","page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-5-3"},{"clause":"1.6","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-1-6"}],"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":"Reduced paid-up applies only for limited premium deferred annuity variants. If the policy has acquired surrender value and premiums are not paid after the grace period, it continues under reduced paid-up mode unless revived; reduced paid-up annuity is calculated by the stated formula.","display":"Reduced paid-up available for Limited Premium Deferred Annuity variants after acquiring Surrender Value","note":"Reduced paid-up death benefit and surrender benefit also vary by deferred annuity sub-variant and deferment status.","quote":"3 REDUCED PAID UP (applicable for Limited Premium Deferred Annuity variants only) ... If this Policy has acquired a Surrender Value as specified under Clause 1 of Part D, in the event of non-payment of the due Premiums by You to Us on the expiry of the Grace Period, this Policy will not become a Lapsed Policy and will continue under Reduced Paid Up Mode unless revived. ... Reduced Paid-Up Annuity Benefit: For a Reduced Paid Up Mode Policy, We will pay the following Reduced Paid Up Annuity Benefit: Reduced Paid-Up Annuity = (Base Annuity amount +50% of Loyalty Annuity) multiplied by [(Total Premiums Paid plus loadings for modal premiums paid (if any) for Policy) / (total Premiums payable plus loadings for modal premiums payable (if any) for Policy)]","sources":[{"clause":"3","heading":"REDUCED PAID UP (applicable for Limited Premium Deferred Annuity variants only)","page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-2"},{"clause":"3.2","heading":"Reduced Paid-Up Annuity Benefit","page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-3-2-2"}],"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 policy under reduced paid-up mode can be revived for full benefits within five years from the due date of the first unpaid premium by paying all due premiums with applicable revival interest, subject to written request, evidence of insurability, and insurer approval.","display":"Within five years from the due date of the first unpaid Premium","note":"Applicable for Limited Premium.","quote":"A Lapsed Policy or a Policy under Reduced Paid Up Mode can be revived for full benefits within five years from the due date of the first unpaid Premium by paying all the due premiums together with applicable revival interest: ... on receipt of Your written request to Revive the Policy by Us; ... If You produce an evidence of insurability (in form of declaration of health condition and/or relevant medical reports) of Life Insured/ Insured Persons at Your own cost; ... The Revival of the Lapsed Policy or a Policy under Reduced Paid Up Mode will take effect only after We have approved the same in accordance with Our Underwriting Policy and communicated Our decision to You in writing.","sources":[{"clause":"5.1","heading":null,"page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-5-1-2"},{"clause":"5.1.1","heading":null,"page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-5-1-1"},{"clause":"5.1.2","heading":null,"page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-5-1-2-2"},{"clause":"5.2","heading":null,"page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-5-2-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Loans are available once the policy has acquired surrender value, provided there is a benefit payable upon death of the annuitant(s) after the annuity start date. The minimum loan is INR 10,000 and the maximum is 80% of surrender value; current loan interest is 9.75% per annum.","display":"Yes, after Surrender Value; minimum INR 10,000 and maximum 80% of Surrender Value","note":null,"quote":"Once this Policy has acquired the Surrender Value, You will be eligible for grant of loan from Us, provided there is a benefit payable upon death of the Annuitant(s) after the annuity start date. ... The minimum amount of loan which can be granted by Us under this Policy is INR 10,000 (Rupees Ten Thousand). The maximum amount of loan which can be granted under this Policy during the Policy Term shall not exceed 80% (Eighty percent) of the Surrender Value payable under this Policy, subject to such terms and conditions as may be determined by Us from time to time. ... The interest rate is currently 9.75% per annum.","sources":[{"clause":"2.1","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-2-1-2"},{"clause":"2.2","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-2-2-3"},{"clause":"2.3","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-2-3-3"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"not-stated","value":null,"display":null,"note":"The policy schedule contains a rider details table, but the wording does not name any available riders.","quote":null,"sources":[],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground after three years from the date of issuance, commencement of risk, revival, or rider, whichever is later. Within three years, it may be questioned for fraud or material misstatement, with written communication of grounds and materials; for non-fraud misstatement, premium collected till repudiation is paid within 90 days.","display":"Cannot be called in question after 3 yrs; within 3 years only as stated for fraud or material misstatement","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from a. the date of issuance of Policy or b. the Date of Commencement of Risk or c. the date of Revival of Policy or d. the date of rider to the Policy, whichever is later. ... On the ground of fraud, a Policy of Life Insurance may be called in question within 3 years ... the insurer should communicate in writing to the insured or legal representative or Nominee or assignees of insured, as applicable, mentioning the ground and materials on which such decision is based. ... 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":27,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#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 are subject to change. The policyholder is advised to consult a tax advisor regarding applicable tax benefits and liabilities.","display":"Tax benefits may be available as per prevailing tax laws; consult tax advisor","note":null,"quote":"Tax benefits may be available as per prevailing tax laws. Tax laws, their interpretation and/or application, including benefits arising thereunder are subject to change. You are advised to consult your tax advisor regarding the tax benefits and liabilities applicable to you.","sources":[{"clause":"2.3","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-2-3-4"}],"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":"within the Free look period of 30 days beginning from the date of receiving the Policy document.","sources":[{"clause":"2","heading":null,"page":1,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-2"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":"15 days for monthly premium payment mode; 30 days for quarterly, half yearly and annual frequencies. Applicable for Limited Premium variants only.","quote":"If the Premium is not paid by the due date, a Grace Period of 15 days in case of monthly premium payment mode will be given for the payment of due premium for monthly frequency and 30 days Grace Period for due premium for quarterly, half yearly and annual frequencies. You may pay the same during the Grace Period without any penalty or late fees.","sources":[{"clause":"7.1","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-7-1"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"not-stated","value":null,"display":null,"note":"The wording states QROPS age conditions and minor vesting provisions, but does not state the general minimum and maximum entry age for this product.","quote":null,"sources":[],"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":["Single Premium","Annual","Semi Annual","Quarterly","Monthly"],"display":"Single Premium, Annual, Semi Annual, Quarterly, Monthly","note":"Limited premium variants can pay annually, semi-annually, quarterly or monthly.","quote":"Premium Payment Mode: << Single Premium/ Annual/ Semi Annual/ Quarterly/ Monthly>>","sources":[{"clause":null,"heading":"Annuitant","page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-annuitant"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Single Premium","Limited Premium"],"display":"Single Premium or Limited Premium","note":null,"quote":"Premium Payment Type: << Single Premium/ Limited Premium>>","sources":[{"clause":null,"heading":"Annuitant","page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-annuitant"}],"law":[]},{"key":"annuity_options","label":"Annuity options","section":"Cover","meaning":"Life annuity, joint life, return of purchase price, increasing annuity...","status":"quote-verified","value":["Immediate Annuity - Single Life without Death Benefit","Immediate Annuity - Joint Life without Death Benefit","Immediate Annuity - Single Life with Death Benefit","Immediate Annuity - Joint Life with Death Benefit","Immediate Annuity with chosen proportion of Annuity to Last Survivor - Joint Life without Death Benefit","Immediate Annuity with chosen proportion of Annuity to Last Survivor - Joint Life with Death Benefit","Immediate Annuity with Early Return of Premium - Single Life with Death Benefit","Immediate Annuity for Guaranteed Period and Life Thereafter - Single Life without Death Benefit","Increasing Immediate Annuity - Single Life Increasing Annuity Each Year with Death Benefit","Increasing Immediate Annuity - Single Life Increasing Annuity Every 3 Years with Death Benefit","Deferred Annuity - Single Life with Death Benefit till Deferment Period - Single Premium","Deferred Annuity - Joint Life with Death Benefit till Deferment Period - Single Premium","Deferred Annuity - Single Life with Death Benefit for Life - Single Premium","Deferred Annuity - Joint Life with Death Benefit for Life - Single Premium","Deferred Annuity - Single Life with Death Benefit till Deferment Period - Limited Premium","Deferred Annuity - Joint Life with Death Benefit till Deferment Period - Limited Premium","Deferred Annuity - Single Life with Death Benefit for Life - Limited Premium","Deferred Annuity - Joint Life with Death Benefit for Life - Limited Premium"],"display":"Immediate annuity, last-survivor annuity, early return of premium, guaranteed period and life thereafter, increasing immediate annuity, and deferred annuity options","note":"The selected annuity variant and sub-variant are shown in the policy schedule; some options have additional percentages, milestone ages, guaranteed periods, or increase rates.","quote":"<<1. Immediate Annuity>> | << a. Single Life without Death Benefit b. Joint Life without Death Benefit C. Single Life with Death Benefit / d. Joint Life with Death Benefit >> | <<0% /25% /50% /75% /100%>> ... << 2. Immediate Annuity with chosen proportion of Annuity to Last Survivor >> | << a. Joint Life without Death Benefit/ b. Joint Life with Death Benefit >> | <<50% /110%>> ... << 3. Immediate Annuity with Early Return of Premium >> | Single Life with Death Benefit | Return of <<50% / 100%>> of Total Premiums Paid on attaining Milestone Age of << 70yrs/ 75yrs/ 80yrs/ 85yrs>> ... << 4. Immediate Annuity for Guaranteed Period and Life Thereafter >> | Single Life without Death Benefit | Guaranteed Period chosen - << 5yrs/ 10yrs/ 15yrs/ 20yrs>> ... << 5. Increasing Immediate Annuity >> | << a. Single Life Increasing Annuity Each Year with Death Benefit/ b. Single Life Increasing Annuity Every 3 Years with Death Benefit >> | The annuity shall increase at << 1%/2%/3%/4%/5%/6%>> ... << Deferred Annuity>> | << a. Single Life with Death Benefit till Deferment Period - Single Premium / b. Joint Life with Death Benefit till Deferment Period - Single Premium/ c. Single Life with Death Benefit for Life - Single Premium/ d. Joint Life with Death Benefit for Life - Single Premium/ e. Single Life with Death Benefit till Deferment Period - Limited Premium/ f. Joint Life with Death Benefit till Deferment Period - Limited Premium/ g. Single Life with Death Benefit for Life - Limited Premium/ h. Joint Life with Death Benefit for Life - Limited Premium >>","sources":[{"clause":null,"heading":"Annuitant","page":4,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-annuitant"}],"law":[]},{"key":"purchase_price_min","label":"Minimum purchase price","section":"Eligibility","meaning":"Smallest lump sum or annuity accepted.","status":"not-stated","value":null,"display":null,"note":"The wording does not state a minimum purchase price or minimum annuity amount for purchase.","quote":null,"sources":[],"law":[]},{"key":"deferment","label":"Deferment period","section":"Cover","meaning":"For deferred plans, how long before income starts.","status":"quote-verified","value":"For the deferred annuity variant, the deferment period for single premium is from 1st month to 36th months and thereafter 48th, 60th, 72nd, 48th, 96th, 108th, 120th and 144th month. For limited premium it is from minimum 5 years to the maximum of the Premium Payment Term.","display":"Single Premium: 1st month to 36th months and thereafter 48th, 60th, 72nd, 48th, 96th, 108th, 120th, 144th month; Limited Premium: minimum 5 years to maximum PPT","note":"The wording prints 48th twice in the single-premium list.","quote":"For this Policy under Deferred Annuity variant, the Deferment Period for Single Premium will be from 1st month to 36th months and thereafter 48th, 60th, 72nd, 48th, 96th, 108th, 120th, 144th month; and for Limited Premium will be from minimum 5 years to the maximum of the Premium Payment Term, as chosen by You and is as specified in the Schedule;","sources":[{"clause":"14","heading":"“Deferment Period”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-14"}],"law":[]},{"key":"annuity_frequency","label":"Payout frequency","section":"Cover","meaning":"Monthly, quarterly, half-yearly, yearly.","status":"quote-verified","value":["annual","semi-annual","quarterly","monthly"],"display":"annual, semi-annual, quarterly and monthly","note":null,"quote":"The Policy provides annual, semi-annual, quarterly and monthly mode for Annuity payments to the Annuitant.","sources":[{"clause":"5","heading":"\"Annuity Modal Factors\"","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750#c-5"}],"law":[]},{"key":"annuity_rate_example","label":"Example annuity rate","section":"Cover","meaning":"An example from the document; rates change with age and over time.","status":"not-stated","value":null,"display":null,"note":"The wording gives modal factors but does not provide an example annuity rate.","quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan – (UIN: 104N137V01)","pages":26,"fetched_at":"2026-10-17 19:32:23+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/Policy%20Contract%20-%20SWAGP-Individual_V01.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2261"},{"kind":"wording","label":"Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan – (UIN: 104N137V13)","pages":28,"fetched_at":"2026-10-17 19:42:03+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/SWAG-Pension-Individual-Policy-Contract-V13_Withdrawn.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13/document/2750"}],"versions":[{"uin":"104N137V01","version":null,"approved_on":null},{"uin":"104N137V13","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 Smart Wealth Annuity Guaranteed Pension Plan (UIN 104N137V13), IndiaInsurances, https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-wealth-annuity-guaranteed-pension-plan-104n137v13"}