Individual
Axis Max Life Smart Wealth Advantage Guarantee – Long term wealth variant
Disclaimer
: In Unit Linked Policies, the investment Risk in the investment portfolio is borne by the policyholder.
Get Tax-Free##
Fixed Returns up to 7.45%*
With Axis Max Life Smart Fixed-return Digital Plan
Get Returns in just 5 years
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How does the Long-term Wealth Variant Work?
| Parameters | Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | Scenario 5 |
|---|---|---|---|---|---|
| Age of Life Assured in years | 35 | 35 | 35 | 35 | 35 |
| Premium payment term/policy term1 | 8/40 | 10/36 | 12/39 | 12/42 | 12/47 |
| Annualised Premium | 2,00,000 | 2,00,000 | 2,00,000 | 2,00,000 | 2,00,000 |
| Deferment period | 2 | 1 | 2 | 0 | 5 |
| Policy continuance benefit opted | No | No | No | No | Yes |
| Total survival benefit (guaranteed)/year | 1,37,405 | 1,84,255 | 2,61,686 | 2,22,295 | 2,90,964 |
| Income years3 | 30 | 25 | 25 | 30 | 30 |
| Return of premium @ end of policy term | 16,00,000 | 20,00,000 | 24,00,000 | 24,00,000 | 24,00,000 |
| Customer Internal rate of return | 5.61% | 5.77% | 5.89% | 5.89% | 5.70% |
| Give-get | 3.58X | 3.30X | 3.73X | 3.78X | 4.64X |
Note:
Life Insured is a male.
1Policy term = Premium payment term plus Deferment period plus Income years2Income will start after premium payment term plus Deferment period
Annualised premium means the premium amount payable in a year chosen by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
Benefits of Long term wealth variant
Your family looks up to you to make your dreams a reality. With Smart Wealth Advantage Guarantee, you can. It allows you the flexibility to customise your plan to suit your convenience while also offering you enhanced protection.
Enhanced flexibility
Liquidity
Enhanced protection
Advantages of Long term wealth
• You can choose from 5 premium payment terms of 5,6,8,10 &12, choose your deferment period from 0 to 5 years and then choose your income years from our 20,25 & 30 year options, thus completely customizing your plan and its tenure basis your long term goals and milestones
• If you wish to receive your income at a particular date other than the policy anniversary, you can choose to do that by selecting our “Save the date” option under this plan thus planning a financial gift for your loved ones on their special occasions
• You can choose to stay with us in this journey for a period of as 47 years with * #guaranteed income by locking in your returns today
• An additional policy continuance benefit cab also be opted in order to ensure enhanced protection for your loved ones
ARN: PDP/SWAG3/041224
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