{"uin":"104N159V05","name":"Axis Max Life Smart Value Income & Benefit Enhancer Plan","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05","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":"2025-05-05","withdrawn_on":null,"summary":"This is a non-linked non-participating individual life insurance savings plan with Insta Wealth, Future Wealth and Insta Wealth Boost variants. It offers guaranteed death, survival and maturity benefits, with a 30 day free-look period and grace periods of 15 days for monthly mode and 30 days for other premium modes.","analysis":{"state":"machine","analysed_at":"2026-10-19 19:10:31.925743+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Insta Wealth","Future Wealth","Insta Wealth Boost"],"display":"Insta Wealth; Future Wealth; Insta Wealth Boost","note":null,"quote":"“Variants” means the “Insta Wealth” Variant or “Future Wealth” Variant or “Insta Wealth Boost” Variant of this Policy, as specified in the Schedule.","sources":[{"clause":"75","heading":"“Variants”","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-75"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"The claimant must intimate the insurer regarding a claim at the earliest possible time, with the necessary documents, either in person, online, through the distribution channel or through the authorised call centre.","display":"At the earliest possible time","note":null,"quote":"The Claimant is required to intimate Us along with necessary documents as mentioned above, regarding a claim under the Policy, at the earliest possible time either in person or through online mode or Our distribution channel or authorized call centre.","sources":[{"clause":"2.5","heading":null,"page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-5-2"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Claimant’s statement in the prescribed form (death claim application form -form A)","original Policy document","A copy of police complaint/ first information report (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)","original/ attested copy of death certificate issued by the local/municipal authority","copy of bank passbook / cancelled cheque of the Claimant","NEFT mandate form attested by bank authorities","certificate by a Medical Practitioner confirming Diagnosis of Terminal Illness/ Critical Illness of the Life Insured","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)"],"display":"Death claim, terminal/critical illness, maturity and survival claims require the prescribed claim forms, policy/medical/death records where applicable, identity and bank/NEFT documents, and any other document required by the insurer.","note":"The policy also asks for other documents or information required by the insurer for assessing and approving the claim request.","quote":"a) Claimant’s statement in the prescribed form (death claim application form -form A);\nb) original Policy document;\nc) A copy of police complaint/ first information report (in the case of death by Accident or unnatural death or suicidal death of the Life Insured);\nd) All medical/ hospital records, in case of hospitalisation, (including diagnostic records); ... f) original/ attested copy of death certificate issued by the local/municipal authority; ... m) copy of bank passbook / cancelled cheque of the Claimant; ... p) NEFT mandate form attested by bank authorities; ... d) certificate by a Medical Practitioner confirming Diagnosis of Terminal Illness/ Critical Illness of the Life Insured; ... a) NEFT Form (if not provided earlier);\nb) 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":"2.1.1","heading":"Death Claim documents","page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-1-1"},{"clause":"2.1.2","heading":"In case of Terminal Illness/Critical Illness","page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-1-2-2"},{"clause":"2.1.3","heading":"Maturity Benefit claim documents","page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-1-3"},{"clause":"2.1.4","heading":"Survival Benefit documents","page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-1-4"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The CIS points to “Service TATs in Insurance - Axis Max Life Insurance” but the product documents provided do not state a claim settlement time.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["if the Life Insured commits suicide, whether minor/major, whether sane or insane, within 12 (Twelve) months","during the Waiting Period due to any reason other than an Accident","All tumors which are histologically described as carcinoma in situ, benign, pre-malignant, borderline malignant, low malignant potential, neoplasm of unknown behavior, or non-invasive","Other acute Coronary Syndromes","Angioplasty and/or any other intra-arterial procedures","Coma resulting directly from alcohol or drug abuse is excluded","Transient ischemic attacks (TIA)","Other stem-cell transplants","Cysts, Granulomas, malformations in the arteries or veins of the brain, hematomas, abscesses, pituitary tumors, tumors of skull bones and tumors of the spinal cord","Liver failure secondary to drug or alcohol abuse is excluded","Loss of Limbs resulting directly or indirectly from self-inflicted Injury, alcohol or drug abuse is excluded","Spinal cord Injury"],"display":"Main exclusions include suicide within 12 months, POS waiting-period non-accidental death, and specified critical illness exclusions such as carcinoma in situ, other acute coronary syndromes, angioplasty, alcohol/drug-related coma or liver failure, TIA, other stem-cell transplants, listed benign brain tumour exclusions, loss of limbs from self-inflicted injury or alcohol/drug abuse, and spinal cord injury.","note":"Critical illness exclusions apply to the Senior Citizen Benefit option/critical illness-related provisions, not to the basic death benefit except where the policy expressly says so.","quote":"if the Life Insured commits suicide, whether minor/major, whether sane or insane, within 12 (Twelve) months from the Date of Commencement of Risk or from the date of Revival of this Policy ... during the Waiting Period due to any reason other than an Accident, We will refund 100% of the Total Premiums Paid ... All tumors which are histologically described as carcinoma in situ, benign, pre-malignant, borderline malignant, low malignant potential, neoplasm of unknown behavior, or non-invasive ... Other acute Coronary Syndromes ... Angioplasty and/or any other intra-arterial procedures ... Coma resulting directly from alcohol or drug abuse is excluded. ... Transient ischemic attacks (TIA) ... Other stem-cell transplants ... Cysts, Granulomas, malformations in the arteries or veins of the brain, hematomas, abscesses, pituitary tumors, tumors of skull bones and tumors of the spinal cord. ... Liver failure secondary to drug or alcohol abuse is excluded. ... Loss of Limbs resulting directly or indirectly from self-inflicted Injury, alcohol or drug abuse is excluded. ... Spinal cord Injury;","sources":[{"clause":"5.1","heading":"SUICIDE EXCLUSION","page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-5-1-3"},{"clause":"1.1.3(i)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-3-i"},{"clause":"1","heading":"CANCER OF SPECIFIED SEVERITY","page":35,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-11"},{"clause":"2","heading":"MYOCARDIAL INFARCTION","page":35,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-10"},{"clause":"3","heading":"OPEN CHEST CABG","page":35,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-3-12"},{"clause":"5","heading":"COMA OF SPECIFIED SEVERITY","page":35,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-5-10"},{"clause":"7","heading":"STROKE RESULTING IN PERMANENT SYMPTOMS","page":36,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-7-7"},{"clause":"8","heading":"MAJOR ORGAN /BONE MARROW TRANSPLANT","page":36,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-8-6"},{"clause":"12","heading":"BENIGN BRAIN TUMOR","page":36,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-12-4"},{"clause":"15","heading":"END STAGE LIVER FAILURE","page":37,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-15-3"},{"clause":"17(I)","heading":null,"page":37,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-17-i"},{"clause":"18","heading":"MAJOR HEAD TRAUMA","page":37,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-18-2"}],"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":"Consumer grievances and queries should first be addressed to the agent or Axis Max Life customer helpdesk. If the response is not satisfactory or there is no response within 14 days, the complainant may write to the Grievance Redressal Officer or approach IRDAI channels before the Ombudsman route.","display":"First contact the agent or customer helpdesk; if unsatisfied/no response within 14 days, contact the 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: ... 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","sources":[{"clause":"1.1","heading":null,"page":28,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-6"},{"clause":"1.2","heading":"If Our response is not satisfactory or there is no response within 14 (Fourteen) days","page":28,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-2-6"},{"clause":"1.2.1","heading":null,"page":28,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-2-1-2"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Sum Assured on Death equals the Death Benefit Multiple times Annualised Premium plus any Underwriting Extra Premium. Minimum sum assured on death at inception is Rs 25,000, Rs 35,000 or Rs 55,000 depending on age and death benefit multiple; maximum is subject to underwriting limits, and the POS variant currently allows up to Rs 25 lacs.","display":"Death benefit multiple × Annualised Premium plus underwriting extra premium; minimum Rs 25,000/Rs 35,000/Rs 55,000; maximum per underwriting, POS currently Rs 25 lacs","note":"For Insta Wealth Boost, death multiple option 2 is 11 during the premium payment term and 22 after the premium payment term, while the minimum sum assured at inception remains 11 × minimum annualized premium.","quote":"“Sum Assured on Death” means an absolute amount of benefit which is guaranteed to become payable on the death of the Life Insured as per Clause 1.1 of Part C, in accordance with the terms and conditions of the Policy and will be equal to the Death Benefit Multiple times Annualised Premium (plus any Underwriting Extra Premium); ... 1 | Less than 50 years | 7 | 7 x minimum Annualized Premium of Rs. 5,000 i.e. Rs 35,000\n50 years and above | 5 | 5 x minimum Annualized Premium of Rs. 5,000 i.e. Rs 25,000 ... 2 | All | 11 | 11 x minimum Annualized Premium of Rs. 5,000 i.e. Rs 55,000 ... The maximum Sum assured on death is subject to limits determined in accordance with the board approved underwriting policy of the company. For POS variant under this product, the maximum Sum assured on death shall be as per the prevailing regulatory guidelines and / or circulars as applicable. Currently the maximum Sum Assured allowed is Rs. 25 lacs.","sources":[{"clause":"66","heading":"“Sum Assured on Death”","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-66"},{"clause":"Row 1","heading":"Less than 50 years","page":5,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-row-1-7"},{"clause":"Row 2","heading":"All","page":5,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-row-2-7"},{"clause":"Row 2","heading":"All","page":5,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-row-2-8"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"If the life insured dies during the policy term and Policy Continuance Benefit is not selected, the policy pays a lump sum guaranteed death benefit equal to the higher of Sum Assured on Death, 105% of specified premiums paid, or surrender value, plus any unpaid accumulated survival benefits. If Policy Continuance Benefit is selected, the policy pays the higher of Sum Assured on Death or 105% of specified premiums paid plus Policy Continuance Benefit, and future survival and maturity benefits continue without future premiums.","display":"Without PCB: higher of Sum Assured on Death, 105% of specified premiums paid, or surrender value. With PCB: death benefit plus Policy Continuance Benefit; future survival and maturity benefits continue without future premiums.","note":"For policies sourced as point of sale policies, non-accidental death during the 90 day waiting period pays only 100% of Total Premiums Paid excluding taxes/cesses/levies.","quote":"If the Life Insured dies during the Policy Term, provided the Policy is in force with all due Premiums have been received and is not a Lapsed Policy or in Reduced Paid Up Mode, on the date of death of the Life Insured and You have not opted for Policy Continuance Benefit, We will pay a lump sum guaranteed Death Benefit which shall be the higher of:\ni) Sum Assured on Death;\nii) 105% (One Hundred Five percent) of sum of (Total Premiums Paid plus loadings for modal premiums plus Underwriting Extra Premium (if any)) received under the Policy, as on the date of death of the Life Insured; or\niii) Surrender Value applicable as on the date of death of the Life Insured. ... Death during the Policy Term where the Policy Continuance Benefit is selected by You: ... We will pay the following: ... i) Death Benefit being the higher of (i) Sum Assured on Death or (ii) 105% of (Total Premiums Paid plus Underwriting Extra Premium plus loadings for modal premiums) as on the date of death of Life Insured; plus ... ii) Policy Continuance Benefit. ... The applicable future Survival Benefits and Maturity Benefit shall be paid to the Claimant as and when due, without payment of any future Premiums as would have been the case had the Life Insured been alive and would have been paying the Premiums.","sources":[{"clause":"1.1.1","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-1"},{"clause":"1.1.2","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-2"},{"clause":"1.1.2(i)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-2-i"},{"clause":"1.1.2(ii)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-2-ii"},{"clause":"1.1.2(d)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-2-d"}],"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":"If the life insured survives to the maturity date and the policy is in force, fully paid and neither lapsed nor reduced paid-up, Insta Wealth and Future Wealth pay Future Income Benefit during the Future Income Period plus Future Milestone Benefit at the end of that period. Insta Wealth Boost pays a lump sum equal to Sum Assured on Maturity at the end of the policy term.","display":"Insta Wealth/Future Wealth: Future Income Benefit through FIP plus Future Milestone Benefit at FIP end. Insta Wealth Boost: lump sum Sum Assured on Maturity at policy term end.","note":"For Insta Wealth and Future Wealth, there is an option to receive maturity on the maturity date as a lump sum equal to Sum Assured on Maturity plus present value of accrued Income Booster discounted at 9% per annum.","quote":"If the Life Insured has survived until the Maturity Date, provided the Policy is in-force and has been fully paid and is neither a Lapsed Policy nor in Reduced Paid Up Mode on the Maturity Date, We shall pay the Maturity Benefit as under: ... In case You have chosen Insta Wealth Variant or Future Wealth Variant, We will pay the following Maturity Benefit:\n1. Future Income Benefit payable throughout the Future Income Period, as per chosen Income Payout Frequency in arrears or advance (as chosen by You), plus\n2. Future Milestone Benefit paid at the end of the Future Income Period7. ... In case You have chosen Insta Wealth Boost Variant, Maturity Benefit will be payable as a lump sum which will be equal to Sum Assured on Maturity at the end of Policy Term.","sources":[{"clause":"1.3.1","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-3-1"},{"clause":"1.3.1(a)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-3-1-a"},{"clause":"1.3.1(b)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-3-1-b"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Available premium payment terms are 5, 7, 8, 10, 12 and 15 years for Insta Wealth and Future Wealth, and 8, 10, 12 and 15 years for Insta Wealth Boost.","display":"Insta Wealth/Future Wealth: 5, 7, 8, 10, 12, 15 years; Insta Wealth Boost: 8, 10, 12, 15 years","note":null,"quote":"Premium Payment Term | The available premium payment terms are as follows. Variant No. Variant Name Premium Payment Term (in years) 1 Insta Wealth 5, 7, 8, 10, 12, 15 2 Future Wealth 5, 7, 8, 10, 12, 15 3 Insta Wealth Boost 8, 10, 12, 15","sources":[{"clause":"Row 3","heading":"Insta Wealth Boost","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-row-3-2"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Maximum maturity age is 75 years for Insta Wealth without Policy Continuance Benefit and 70 years with it; 80 years for Future Wealth without Policy Continuance Benefit and 75 years with it; and 90 years for Insta Wealth Boost without Policy Continuance Benefit and 85 years with it.","display":"Maximum maturity age: Insta Wealth 75/70, Future Wealth 80/75, Insta Wealth Boost 90/85 years (not opted/opted PCB)","note":null,"quote":"Minimum/Maximu m Maturity Age | The minimum maturity age for all available variants is 18 years (age last birthday). Maximum Maturity Age for all available variants is shown in the table below. Maximum Maturity Age (Age last birthday, in years) Variant No. Variant Name Policy continuance benefit option Not Opted Opted 1 Insta Wealth 75 70 2 Future Wealth 80 75 3 Insta Wealth Boost 90 85","sources":[{"clause":"Row 3","heading":"Insta Wealth Boost","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-row-3-3"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If the life insured commits suicide within 12 months from commencement of risk or revival, all risks and benefits cease and the policy terminates. The claimant receives the higher of surrender value or premiums paid with modal loadings and underwriting extra premium if the policy has acquired surrender value, otherwise those premiums paid with loadings and underwriting extra premium.","display":"Suicide within 12 months: policy terminates; pays higher of surrender value or specified premiums paid if surrender value acquired, otherwise specified premiums paid.","note":null,"quote":"Notwithstanding anything stated herein, if the Life Insured commits suicide, whether minor/major, whether sane or insane, within 12 (Twelve) months from the Date of Commencement of Risk or from the date of Revival of this Policy, as applicable, all risks and benefits under this Policy shall cease and the Policy shall terminate immediately and We shall only pay the following to the Claimant, provided that the Policy is in force: ... Higher of the Surrender Value as on the date of death or the sum of (Total Premiums Paid plus loadings for modal premiums and Underwriting Extra Premium, if any, paid till the date of death), if the Policy has acquired a Surrender Value; or ... Total Premiums Paid plus loadings for modal premiums and Underwriting Extra Premium, if any, received by Us till the date of death, if the Policy has not acquired a Surrender Value.","sources":[{"clause":"5.1","heading":"SUICIDE EXCLUSION","page":25,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-5-1-3"},{"clause":"5.1.1","heading":null,"page":26,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-5-1-1"},{"clause":"5.1.2","heading":null,"page":26,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-5-1-2-2"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policy may be surrendered by written request at any time, but surrender value is payable only after the policy has acquired it. Surrender value is the higher of Guaranteed Surrender Value or Special Surrender Value; Guaranteed Surrender Value is acquired on receipt of complete premiums for first two policy years, and Special Surrender Value becomes payable after completion of the first policy year provided one full year premium has been received.","display":"Higher of GSV or SSV; GSV after complete premiums for first two policy years; SSV after first policy year with one full year premium received.","note":"If Policy Continuance Benefit is chosen and triggered, surrender is not allowed.","quote":"You may request in writing to Surrender the Policy at any time, but You will get the Surrender Value only if the Policy has acquired the Surrender Value. ... The Surrender Value will be equal to the higher of Guaranteed Surrender Value or Special Surrender Value. ... The Policy shall acquire Guaranteed Surrender Value on receipt of complete Premiums for first two Policy Years. ... Surrender requests can only be made after completion of the first Policy Year and Special Surrender Value as above shall become payable only after completion of first Policy Year provided one full year Premium has been received.","sources":[{"clause":"1.1","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-4"},{"clause":"1.3","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-3-4"},{"clause":"1.6.1","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-6-1"},{"clause":"1.7.3","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-7-3"}],"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":"After the policy has acquired surrender value, non-payment of due premiums after the grace period does not make it a lapsed policy; it continues in Reduced Paid Up Mode unless revived. Reduced paid-up death, maturity and survival benefits are then payable according to the reduced paid-up provisions.","display":"After surrender value is acquired, non-payment after grace period moves the policy to Reduced Paid Up Mode unless revived.","note":"If the reduced paid up sum insured exclusive of attached bonuses and guaranteed additions is less than Rs. 2500/-, the policy may lapse/terminate as stated in the reduced paid-up surrender clause.","quote":"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. ... If the Life Insured has survived until the Maturity Date, We shall pay the reduced paid up Maturity Benefit as under: ... In case You have chosen Insta Wealth Variant or Insta Wealth Boost Variant, We will pay the Reduced Paid Up Insta Income Benefit as and when due.","sources":[{"clause":"3","heading":"REDUCED PAID UP BENEFITS","page":14,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-3-2"},{"clause":"3.2","heading":"Reduced Paid Up Maturity Benefit","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-3-2-2"},{"clause":"3.3","heading":"Reduced Paid Up Survival Benefit","page":15,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-3-3"}],"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 a policy under Reduced Paid Up Mode can be revived within the Revival Period of 5 consecutive years from the due date of the first unpaid premium, subject to written request, evidence of insurability and payment of overdue premiums with applicable taxes and revival interest.","display":"5 consecutive years from the due date of the first unpaid premium","note":"The policy cannot be revived beyond the policy term.","quote":"“Revival Period” means a period of 5 (Five) consecutive years from the due date of the first unpaid Premium; ... A Lapsed Policy or a Policy under Reduced Paid Up Mode can be revived as per the Underwriting Policy, within the Revival Period: ... 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 at Your own cost; and ... on payment of all overdue Premiums (along with the applicable taxes, cesses and levies, if any) to Us with Revival interest","sources":[{"clause":"59","heading":"“Revival Period”","page":10,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-59"},{"clause":"3.1","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#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-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#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-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#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-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-3-1-3"}],"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 and is premium-paying in force. Minimum loan is INR 10,000 and the maximum during the policy term is 85% of surrender value; loan interest is RBI Bank Rate plus 1.0%, currently 7.75% p.a. compounded annually.","display":"Yes; minimum INR 10,000, maximum 85% of surrender value, current interest 7.75% p.a. compounded annually","note":null,"quote":"Once this Policy has acquired the Surrender Value and it is a Premium paying in-force Policy, then, You will be eligible for grant of loans from Us. ... The minimum amount of loan which can be granted by Us under this Policy is INR 10,000 (Rupees Ten Thousand). In no event shall the maximum amount of loan which can be granted under this Policy during the Policy Term exceed 85% (Eighty-Five percent) of the Surrender Value payable under this Policy ... The loan interest rate shall be equal to applicable ‘RBI Bank Rate’ plus 1.0%. The current loan interest rate is 7.75% p.a. compounded annually","sources":[{"clause":"2.1","heading":"Once this Policy has acquired the Surrender Value and it","page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-1"},{"clause":"2.2","heading":null,"page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-2-2"},{"clause":"2.6","heading":null,"page":20,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-2-6"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Axis Max Life Waiver of Premium plus Rider","Axis Max Life Accidental Death and Dismemberment Rider","Axis Max Life Term plus Rider","Axis Max Life Critical Illness and Disability Rider"],"display":"Waiver of Premium plus, Accidental Death and Dismemberment, Term plus, Critical Illness and Disability riders","note":"No riders are available with policies sold through POS persons.","quote":"Axis Max Life Waiver of Premium plus Rider (UIN: 104B029V06), which provides waiver of all future premiums in case of Critical Illness or dismemberment or Death (only when Life Insured and Policyholder are different individuals). ... Axis 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. No riders will be available with the policies sold through POS persons.","sources":[{"clause":null,"heading":"Riders","page":19,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#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 3 years from the later of policy issuance, commencement of risk, revival or rider date. Within 3 years, it may be questioned for fraud or material misstatement, with written communication of the grounds and materials.","display":"Cannot be questioned after 3 years; within 3 years only on grounds such as fraud or material misstatement with written grounds/materials.","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from a. the date of issuance of policy or b. the date of commencement of risk or c. the date of revival of policy or d. the date of rider to the policy, whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years ... Life insurance Policy can be called in question within 3 years on the ground that any statement of or suppression of a fact material to expectancy of life of the insured was incorrectly made","sources":[{"clause":"Section 45","heading":"Policy shall not be called in question on the ground of mis-statement after three years","page":32,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#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, but tax laws, interpretation and application are subject to change, and the policyholder is advised to consult a tax advisor.","display":"Tax benefits may be available as per prevailing tax laws; consult your 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":"1.3","heading":null,"page":24,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-3-5"}],"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":"“Free look” means a period of 30 days beginning from the date of receipt of the Policy, to review the terms and conditions of the Policy.","sources":[{"clause":null,"heading":"6 FREELOOK CANCELLATION","page":22,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-6-freelook-cancellation"}],"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; 15 days for monthly premium payment mode","note":"15 days applies for monthly premium payment mode; 30 days applies for annual, semi-annual or quarterly premium payment modes.","quote":"The grace period is a period of 15 (Fifteen) days from the due date of the first unpaid Premium for monthly Premium payment mode and 30 (Thirty) days from the due date of the first unpaid Premium for annual, semi-annual or quarterly premium payment modes;","sources":[{"clause":"22","heading":"“Grace Period”","page":7,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-22"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Minimum entry age is 91 days if Policy Continuance Benefit is not opted and 18 years if Policy Continuance Benefit is opted. Maximum entry age is generally 70 - PPT without Policy Continuance Benefit and 65 - PPT with Policy Continuance Benefit, subject to detailed FIP-wise and benefit-level-wise validations.","display":"Minimum 91 days without PCB, 18 years with PCB; maximum generally 70 - PPT without PCB and 65 - PPT with PCB","note":"All ages are age last birthday. Annexure 1 has detailed maximum entry age validations by variant, PCB, PPT, FIP and benefit level.","quote":"Age of the Life Insured at Entry (age as on last birthday) | The minimum entry age offered under each of the variant is as follows. ... 1 | Insta Wealth | 5, 7, 8, 10, 12, 15 | 91 days | 18 years ... 2 | Future Wealth | 5, 7, 8, 10, 12, 15 | 91 days | 18 years ... 3 | Insta Wealth Boost | 8, 10, 12, 15 | 91 days | 18 years ... The maximum entry age offered under each of the variant is as follows. ... 70 - PPT 65 - PPT ... The detailed FIP wise and benefit level wise maximum entry age (age last birthday) is provided in Annexure 1.","sources":[{"clause":null,"heading":"Eligibility Criteria","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-eligibility-criteria"},{"clause":"Row 1","heading":"Insta Wealth","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-row-1"},{"clause":"Row 2","heading":"Future Wealth","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-row-2"},{"clause":"Row 3","heading":"Insta Wealth Boost","page":2,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-row-3"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["annually","semi-annually","quarterly","monthly basis"],"display":"Annual, semi-annual, quarterly or monthly","note":null,"quote":"You can pay the Premium annually, semi-annually, quarterly or on monthly basis, as per the Premium payment mode chosen by You.","sources":[{"clause":"11.1","heading":null,"page":18,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-11-1"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Regular Premium Payment Variant","Limited Premium Payment Variant"],"display":"Regular premium and limited premium variants","note":null,"quote":"“Limited Premium Payment Variant” means where the Premium is payable to Us during the Premium Payment Term which is limited compared to the Policy Term (i.e. the Policy Term being greater than the Premium Payment Term) and is paid in regular instalments in the manner and at the intervals specified in the Schedule; ... “Regular Premium Payment Variant” means a Variant in which the Premium is payable to Us in regular installments throughout the Premium Payment Term, which is the same as the Policy Term, in the manner and at the intervals specified in the Schedule;","sources":[{"clause":"33","heading":"“Limited Premium Payment Variant”","page":8,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-33"},{"clause":"57","heading":"“Regular Premium Payment Variant”","page":9,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-57"}],"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":"quote-verified","value":"The product states that benefits are fully guaranteed. Guaranteed benefits include the death benefit formula, maturity benefits by variant, and Enhanced Maturity Booster where applicable; Insta Wealth Boost has a Guaranteed Maturity Benefit.","display":"Fully guaranteed benefits, including death benefit, variant-wise maturity benefits and applicable Enhanced Maturity Booster","note":"Enhanced Maturity Booster is payable only when the specified eligibility conditions are met and it is specified in the policy schedule.","quote":"Fully guaranteed benefits with the choice of 3 variants to help you plan and meet your planned milestones. ... We will pay a lump sum guaranteed Death Benefit which shall be the higher of:\ni) Sum Assured on Death;\nii) 105% (One Hundred Five percent) of sum of (Total Premiums Paid plus loadings for modal premiums plus Underwriting Extra Premium (if any)) received under the Policy, as on the date of death of the Life Insured; or\niii) Surrender Value applicable as on the date of death of the Life Insured. ... In case You have chosen Insta Wealth Boost Variant, Maturity Benefit will be payable as a lump sum which will be equal to Sum Assured on Maturity at the end of Policy Term. ... “Enhanced Maturity Booster” means an amount equivalent to 10% of the Annualised Premium","sources":[{"clause":"1","heading":"Guaranteed Returns with a choice of 3 variants","page":1,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303#c-1"},{"clause":"1.1.1","heading":null,"page":12,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-1-1"},{"clause":"1.3.1(b)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-3-1-b"},{"clause":"9","heading":"ENHANCED MATURITY BOOSTER","page":17,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-9-2"}],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"quote-verified","value":"No participating bonus is stated for this product; it is described as a non-participating plan.","display":"No bonus; non-participating plan","note":null,"quote":"Axis Max Life Smart Value Income & Benefit Enhancer Plan\nA Non-Linked Non-Participating Individual Life Insurance Savings Plan","sources":[{"clause":null,"heading":"Axis Max Life Smart Value Income & Benefit Enhancer Plan","page":3,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-axis-max-life-smart-value-income-benefit-enhance"}],"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":"The documents include sample illustrations but do not state benefit illustration returns at IRDAI 4% and 8% rates.","quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"quote-verified","value":"Survival benefits are payable during the policy term while the life insured is alive, depending on the chosen variant. Insta Wealth pays Insta Income Benefit and Flexi Income Benefit, Future Wealth pays Flexi Income Benefit, and Insta Wealth Boost pays Insta Income Benefit and Flexi Income Benefit; these can be paid monthly, quarterly, semi-annually or annually and may be accumulated.","display":"Insta Wealth: Insta Income + Flexi Income; Future Wealth: Flexi Income; Insta Wealth Boost: Insta Income + Flexi Income","note":"Survival benefit payout is subject to the policy being in force and all due premiums having been received.","quote":"During the Policy Term while Life Insured is alive, Survival Benefit payable shall depend on the Policy Variant chosen by You and shall be payable on the due date as specified in the Schedule, in arrears or advance (as chosen by You), provided the Policy is in-force and all due Premiums have been received. ... a) Insta Income Benefit, as per chosen Income Payout Frequency; and\nb) Flexi Income Benefit, as per chosen Income Payout Frequency ... a) Flexi Income Benefit, as per chosen Income Payout Frequency ... a) Insta Income Benefit, as per chosen Income Payout Frequency; and ... b) Flexi Income Benefit, as per chosen Income Payout Frequency ... You may choose to receive the applicable Flexi Income Benefit, Insta Income Benefit and Future Income Benefit at a monthly, quarterly, semi-annual and annual Income Payout Frequency","sources":[{"clause":"1.2","heading":"Survival Benefit","page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-2-2"},{"clause":"1.2.1","heading":"In case You have chosen Insta Wealth Variant, We will pay the following Survival Benefit","page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-2-1"},{"clause":"1.2.2","heading":"In case You have chosen Future Wealth Variant, We will pay the following Survival Benefit","page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-2-2-2"},{"clause":"1.2.3(a)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-2-3-a"},{"clause":"1.2.3(b)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-1-2-3-b"},{"clause":"4.1","heading":null,"page":16,"url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839#c-4-1"}],"law":[]}],"documents":[{"kind":"wording","label":"Axis Max Life Smart Value Income & Benefit Enhancer Plan - (UIN: 104N159V01)","pages":43,"fetched_at":"2026-10-17 19:41:05+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/Axis_Max_Life_Smart_VIBE_104_N159_V01_Withdrawn_b903a501e1.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2707"},{"kind":"wording","label":"Policy Contract","pages":42,"fetched_at":"2026-10-17 19:43:45+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/Smart-VIBE-Policy-Contract.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2839"},{"kind":"prospectus","label":"Policy Prospectus","pages":33,"fetched_at":"2026-10-17 19:33:35+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/Smart-VIBE-Prospectus.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2303"},{"kind":"cis","label":"Customer Information Sheet","pages":5,"fetched_at":"2026-10-17 19:34:09+00","source_url":"https://www.axismaxlife.com/static-page/assets/homepage/Smart-VIBE-CIS.pdf","url":"https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05/document/2328"}],"versions":[{"uin":"104N159V01","version":null,"approved_on":null},{"uin":"104N159V05","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 Value Income & Benefit Enhancer Plan (UIN 104N159V05), IndiaInsurances, https://indiainsurances.com/policy/axis-max-life-insurance/axis-max-life-smart-value-income-and-benefit-enhancer-plan-104n159v05"}