Axis Max Life
Smart Secure Plus Plan
Sample premium
₹16,178 a year*
Term Life Insurance · head to head
Smart Secure Plus Plan vs Care Plus
Generali Central Life
Care Plus
Sample premium
₹8,580 a year*
Quick verdict
- Smart Secure Plus Plan is better for insurer's claim payout record.
Computed from stored specifications, the published term life insurance scoring rules and recorded prices. Not an opinion.
Specifications side by side
Spec
Smart Secure Plus Plan
Care Plus
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
85 years
85 years
Policy term
10 to 67 years (Return of Premium variant: up to 50 years; POS: up to 47 years)
Limited pay: (55/60/65/70/75/80/85 less age at entry) years, greater than PPT; Regular pay: 5 years to (85 less age at entry) years
Minimum sum assured
₹20,00,000
₹25,00,000
Maximum sum assured
No Limit, subject to limits determined in accordance with the Board approved underwriting policy
As per Board approved Underwriting policy
Plan
Plan options
Life Cover, Increasing Life Cover; optional Return of Premium variant, Joint Life, Premium Break, Accident Cover, Voluntary Sum Assured Top-up
Option 1: Life Cover, Option 2: Extra Life Cover (Life Cover with Accidental Death Benefit)
Premium payment
Single Pay, Regular Pay, 5 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60; Annual, Semi-annual, Quarterly & Monthly modes
Limited: 5 Years, 10 Years, 15 Years, 60 years less age at entry (minimum 5 years); Regular Pay; Yearly, Half Yearly, Quarterly and Monthly
Return of premium option
Yes
No
Death benefit payout
Lumpsum; Monthly Income; Part Lumpsum and Part Monthly Income (chosen by nominee at claim)
Lump-sum Payout; Fixed Income Payout (1.8955% or 1.0738% of Death Benefit monthly for 60 or 120 months); Mixed Payout (combination)
Riders
Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02)
—
Terminal illness benefit
Yes
—
Waiver of premium
Optional Axis Max Life Waiver of Premium Plus Rider (death, disability & critical illness)
—
Premium
Sample annual premium
₹16,178
₹8,580
Sample premium is for
Prospectus 'Sample Premium Rates': non-smoker male, age 30, coverage till age 70 (40-year term), Life Cover Rs 1 crore, Regular Pay, annual, purchased online: Rs 16,178; 'excluding underwriting extra premium, taxes, cesses, if any'. NOTE: 40-year term (to age 70), not 30 years.
Healthy non-smoker male, age 30, Option 1: Life Cover, Base Sum Assured Rs 1 crore, Regular Pay, Premium Payment Term 25 years, Policy Term 25 years (not 30); excluding applicable taxes, extra underwriting premium and modal loading. Brochure gives no 30-year-term figure.
Insurer
Death claims settled (insurer)
99.7%
98.08%
Claims figures for
FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
IRDAI UIN
104N118V13
133N030V06
A tick marks the better value where the category rules say higher (or lower) is better. Text values are shown without a winner. Ties have no winner.
Pros and cons
Smart Secure Plus Plan
- Pro: Insurer paid 99.70% of individual death claims, higher than 88% of the 27 term life insurance plans on Comparezi that state it
- Pro: Return-of-premium option available
Care Plus
- Con: Insurer paid a lower share of individual death claims than 85% of the 27 term life insurance plans on Comparezi that state it (98.08%)