Axis Max Life
Smart Secure Plus Plan
Sample premium
₹16,178 a year*
Term Life Insurance · head to head
Smart Secure Plus Plan vs e-Term
Kotak Life
e-Term
Premium depends on your profile
Quick verdict
- Smart Secure Plus Plan is better for insurer's claim payout record.
- Smart Secure Plus Plan is better for low minimum cover.
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
e-Term
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)
Regular Pay: minimum 5 years; maximum for Life & Life Secure: 'Highest of 40 years or 75 Years minus less Age at Entry or 85 Years minus less Age at Entry'; Life Plus: 'Highest of 40 Years or 75 Years minus less Age at Entry'. Limited pay minimum terms: 5 Pay 10, 7 Pay 12, 10 Pay 15, 15 Pay 20, Pay till 60 15 years; Single Pay minimum 5 years
Minimum sum assured
₹20,00,000
₹51,00,000
Maximum sum assured
No Limit, subject to limits determined in accordance with the Board approved underwriting policy
No limit, subject to 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
Life, Life Plus, Life Secure
Premium payment
Single Pay, Regular Pay, 5 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60; Annual, Semi-annual, Quarterly & Monthly modes
Regular Pay (same as policy term), Limited Pay (5, 7, 10, 15 Pay, Pay till 60 with minimum PPT 10 years), Single Pay
Return of premium option
Yes
No
Death benefit payout
Lumpsum; Monthly Income; Part Lumpsum and Part Monthly Income (chosen by nominee at claim)
Immediate (100% lump sum); Level Recurring (10% lump sum plus 6% of SA yearly for 15 years); Increasing Recurring (10% lump sum plus yearly payouts from 6% of SA rising 10% a year for 15 years)
Riders
Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02)
Critical Illness Plus rider (107B020V02)
Terminal illness benefit
Yes
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Waiver of premium
Optional Axis Max Life Waiver of Premium Plus Rider (death, disability & critical illness)
Life Secure option: waiver of premium on total and permanent disability (not for Single Pay)
Premium
Sample annual premium
₹16,178
—
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.
—
Insurer
Death claims settled (insurer)
99.7%
98.61%
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
107N129V04
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
e-Term
No stated figure stands out against similar models on Comparezi, either way.