Features & Benefits of Critical Illness Insurance

The ACI Sum Assured is fixed herein and remains the same throughout the ACI policy term. You can choose any ACI Sum Assured in intervals of 5 lakhs subject to specific boundary condition as mentioned below –

The ACI Sum Assured will increase at a simple rate of 5% per annum of the ACI Sum Assured, opted for at the policy inception. You can choose any ACI Sum Assured in intervals of 5 lakhs subject to specific boundary condition as mentioned below –

The maximum increase in ACI Sum Assured allowed is –

a) Rs 50 lacs
b) 50% of the base policy Sum Assured chosen at the inception of the policy
c) 200% of the ACI Sum Assured chosen at the policy inception


The ACI benefit will stop increasing once an ACI claim has been made (including Angioplasty).

The ACI Benefit under Axis Max Life Smart Term Plan includes coverage for up to 40 life-threatening ailments, including stroke, cancer, heart diseases, epilepsy, and liver diseases.

You can claim the ACI Sum Assured immediately after getting diagnosed with a critical illness, in the form of a lumpsum amount.

Tou can make quick and hassle-free claims online after providing all the necessary documents.

• 2) Payment of 100% of the ACI Sum Assured following a confirmed diagnosis of any one of the insured Critical Illness conditions (except Angioplasty) during the ACI benefit policy term
• 3) A Lumpsum amount is payable under ACI Benefit which you can then use for payment of treatment costs
• 4) Quick claim settlement after completion of documentation

For instance, a person bought a policy with ACI Sum Assured of say Rs. 10 Lakhs. He is diagnosed with cancer three years after buying the policy. In this case the individual will receive 100% of of the ACI Sum Assured (i.e. 10 lakhs) following a confirmed diagnosis of one of the insured Critical Illness conditions (except Angioplasty). In case he was diagnosed with Angioplasty, ACI benefit pays lower of ₹5,00,000 or ACI Sum Assured and the policy will continue with reduced ACI Sum Assured for other insured Critical Illness conditions.

Also, since you have bought Accelerated Critical Illness Option as an add-on to the Axis Max Life Smart Term Plan, your family will still receive the remaining Death Sum Assured under the policy, in case of your unfortunate demise due to the illness.

Now, you must have understood 'what is critical illness insurance?' and how does ACI benefit option offered by Axis Max Life helps you during the times of need. Like simplicity of the features of critical illness benefit, the process of buying it also easy.

Step 4: Choose the required life cover amount under Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06; Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan). After filling details as per your requirement, click on proceed.

Step 5: Select Axis Max Life critical illness add-on option to include coverage against life-threatening diseases (after paying a nominal additional amount of premium.) Apart from critical illness protection, you can also select Waiver of Premium Plus Rider (UIN 104B029V05; Non-Linked Non-Participating Individual Pure Risk) option in case you get diagnosed with any critical illness.

Step 6: Click on proceed after selecting the required add-ons

Step 7:  Fill out the remaining details in the blocks to complete the policy buying procedure. Once all the details are filled, you can click on proceed.

Step 8: You will now be redirected to the payment window. If you want to edit the policy, you can go back, otherwise, proceed with making the payment.

You can choose between annual and monthly premium payment options for purchasing your critical illness insurance benefit under Axis Max Life Smart Term Plan. Also, you can select between different payment methods to buy the policy.

After making the payment, you must fill out the proposal form, which mentions about your medical history, lifestyle habits, and more. Once you have filled the details, you will be contacted by executives of Axis Max Life Insurance to proceed with medical tests as the final procedure for buying your critical illness benefit.

If you still have any queries about what is critical illness insurance, here are your common questions and their answers: