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| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | Invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest now | Equity: Mid Cap | 0.28% |
The scheme provides a flexible coverage structure, enabling policyholders to receive 200% of the total premium paid as a special exit price starting from the 30th policy year, in which no additional premium is required. .
In one step to meet the specific requirements of female policyholders, the plan involves a maternity cover benefit that prevents pregnancy complications and provides coverage for congenital anomalies in newborns up to three years.
The scheme also has a lifeline plus benefit, which allows women policy holders to increase their coverage up to 50% to base yoga (or ₹ 50 lakhs, whichever) in the event of their spouse’s death.
In addition, the scheme provides 15% premium discounts for women policy holders, with an additional 15% discount on the first year premium with salaried women, resulting in a possible total exemption of up to 27.75%.
Prashant Tripathi, Managing Director and CEO of Axis Max Life, said that although awareness about term insurance is increasing, its penetration in India is low, causing a significant security difference.
He emphasized that Axis Max Life Smart Term Plan Plus is designed to bridge this difference by offering a wide range of customers, especially for young individuals.
The scheme offers several unique variants, including “Return of Premium,” “Early ROP Plus,” “Smart Covers,” and “All Life Cover”, each is to address specific customer needs. It also includes a rebalansing cover feature, which automatically adjusts the life cover and casual death advantage as the policy progresses.
For families with young children, the plan provides 1.5x coverage for the first 15 years through smart cover facility. Additionally, the entire life cover ensures coverage until the age of 100, which provides long -term financial security.
The scheme also provides an income protection cover, allowing policyholders to choose from either a level of income or inflation-proof payment for monthly income payment.
Personal people can benefit from a 15% discount on their first year premium, making it more cheap for a large part of the population.
According to the IPQ 6.0 survey of Axis Max Life, only 31% of urban Indians have term insurance, which highlights the need for such solutions to fill the safety difference.
The aim of Axis Max Life Smart Term Plan Plus is to meet the increasing demand for adaptable financial security, the company said.
(Tagstotransite) Axis Max Life Smart Term Plan Plus (T) Axis Max Life Smart Term Plan Plus Launch (T) Max Life Insurance (T) New Insurance Scheme
