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Axis Max Life Platinum Wealth Plan

We may want to lead a lavish lifestyle, travel across the world, let our child study abroad or have a relaxed retirement. But, what’s the ideal way to realise these dreams?
Presenting Axis Max Life Pl

In Unit Linked Policies, the investment Risk in the investment portfolio is borne by the policyholder. ^*T&C Apply. ^&#The monthly income functionality can be availed using the Smart Withdrawal functionality available in the Whole Life option in Axis Max Life’s Flexi Wealth Advantage Plan. The above monthly income values have been calculated at 8% smart withdrawal percentage. If at any instance during income period, the fund value becomes less than the minimum death benefit, which is defined as higher of sum assured and 105% of total premiums paid, the Smart Withdrawal will cease. It can be re-instated post submission of a request to the company. ^**#The fund value calculation is done by projecting historical returns of the fund chosen, after adjusting for all expenses (except tracking error) in Axis Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V02).

Disclaimer ^*+Based on 10 year return of Nifty Midcap Momentum Index as on 27/05/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Max Life Midcap Momentum Index Fund is passively managed Index Fund that mirrors Nifty Midcap Momentum Index. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error. Available with Axis Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product). In Unit Linked Insurance Plans, investment risk is borne by the policyholder.

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3 Reasons to Buy Axis Max Life Platinum Wealth Plan

Secure your family’s future with comprehensive maturity and death benefits
Enjoy guaranteed loyalty additions at the end of the policy year and wealth boosters
Flexibility to choose premium payment term and policy term as per your convenience

What do You get with Axis Max Life Platinum Wealth Plan?

Maturity and Death Benefits
You receive comprehensive benefits including maturity benefits as fund value at the end of the policy or death benefits for the nominee.
Low Charges to Boost Your Returns
You pay zero policy administration charges after 5 years from the start of the policy (other charges may apply).
Flexible Premium Payment & Policy Term
You get the flexibility to pay premiums in a single year, over five years or during the entire Policy Term. The Policy Term can vary from 10 to 20 years.
Choice of Funds & Investment Strategies
You can choose from 16 funds based on your risk appetite and 2 fund strategies to protect your investments against market variations.
Loyalty Additions & Wealth Boosters
You may switch between available Funds at any time during the Policy Term, without any charges being levied.

All You Need to Know about Axis Max Life Platinum Wealth Plan

Plan Benefits

How this plan works?

Check your eligibility

Premium Payment Options

Downloads

Maturity Benefit
Amount payable at the end of the policy term

You will receive the total value of funds (called Fund Value) on the date of maturity as a part of this plan provided the settlement option has not been exercised.

Where Fund Value can be calculated as

Fund Value = Summation of [Accumulated Units in Fund(s) x NAV of respective Fund(s) as on the Maturity Date]

Note: In case the Maturity Date is a non-working day for the Company or markets then next working day’s NAV will be applicable.

Death Benefit
Amount payable on the death of the policyholder

In the event of the death of the person insured, the nominee will receive the highest of the following sums:

For Single Pay Variant:

Sum assured equal to 1.25 times the Single premium for entry ages less than 50 years. For entry ages 50 years and above, sum assured multiple options available under this variant are 1.1 & 1.25 times the Single premium. (reduced by applicable partial withdrawals, if any), or
105% of Total premiums paid till the date of death, or
Total Fund Value (as on the date of death)

For Limited Pay/ Regular Pay Variant:

Sum assured equal to higher of chosen death benefit multiple 5 (available only for entry ages greater than or equal to 50 years) or 7 & 10 (for all entry ages) times the annualised premium or 0.5 times the product of Policy Term and annualised premium (reduced by the applicable partial withdrawals, if any), or
105% of Total premiums paid till the date of death, or
Total Fund Value (as on the date of death)

'Sum assured on death' means an absolute amount of benefit which is guaranteed to become payable on death of the life assured in accordance with terms and conditions of the policy.

‘Sum assured (SA)’ is equal to Sum assured on death

Guaranteed Loyalty Additions
Additional bonus added to your unit account at the end of the policy year

You will receive an additional percentage of fund value by addition of equivalent units to your unit account, at the end of the policy year.

Guaranteed Wealth Booster
In addition to the Guaranteed Loyalty Additions the company will also pay Guaranteed Wealth Boosters

An additional percentage of Fund Value will be added to the Fund, by creating additional units at the end of every 5th year starting from the 10th policy year.

Fund Options and Their Performances

High Growth Fund
(SFIN: ULIF01311/02/08LIFEHIGHGR104)
Investment Group: Equity
Risk Profile | Very High
Fund 5 year Returns
30.52%
Benchmark 5 year Returns
26.76%
*(Nifty MidCap Free Float 100%)

Nature of Fund

An open-ended equity multi-cap fund focussing on midcaps.

Investment Strategy

This multi-cap fund focuses on mid-cap equities; meaning it invests in companies with long-term high growth potential in terms of capital value assets. At least 70% of the Fund corpus is invested in equities, with the rest invested in government securities, corporate bonds and money market instruments. Hence, the risk involved is relatively higher.
Secure Plus Fund
(SFIN: ULIF01628/04/09LIFESECPLS104
Investment Group: Debt
Risk Profile | Low
Fund 5 year Returns
6.92%
Benchmark 5 year Returns
6.74%
*(CRISIL Bond Index 100%)

Nature of Fund

An open-ended debt fund allowing investments for preferred duration, with the preference for government securities.

Investment Strategy

Through Systematic Transfer Plan (STP), Lifecycle Based Portfolio and Trigger Based Portfolio strategies, this Fund is designed to help investors protect their investment with a higher proportion of sovereign papers by the Government of India’s implicit guarantee for repayment of principal and interest. This Fund invests in debt instruments such as Government Securities, Corporate Bonds, Money Market Instruments etc. authorised by IRDAI for investment. The Government of India/ State Governments, Corporate and banks primarily issue it. No investment is made in equities.
Growth Super Fund
(SFIN: ULIF01108/02/07LIFEGRWSUP104)
Investment Group: Equity
Risk Profile | Very High
Fund 5 year Returns
16.78%
Benchmark 5 year Returns
14.88%
(NSE Nifty 100%)

Nature of Fund

An open-ended equity fund focussing on large caps.

Investment Strategy

It is primarily an equity-oriented fund. At least 70% of the fund corpus is always invested in equities. The rest is invested in debt instruments in government, corporate and money market papers.
Growth Fund
(SFIN: ULIF00125/06/04LIFEGROWTH104)
Investment Group: Equity
Risk Profile | Medium
Fund 5 year Returns
12.15%
Benchmark 5 year Returns
11.23%
*(Crisil Bond Index 50% and NSE Nifty 50%)

Nature of Fund

An open-ended hybrid fund with the equity portion focused on large caps.

Investment Strategy

This fund offers investments across multiple asset classes including Equities, Government Securities, Corporate Bonds and Money Market Instruments. The portfolio will contain a minimum of 20% with an upper limit of 70% invested in stocks. Remaining assets are allocated to debt instruments from Government, corporate and financial instruments.
Balanced Fund
(SFIN: ULIF00225/06/04LIFEBALANC104)
Investment Group: Balanced
Risk Profile | Medium
Fund 5 year Returns
9.95%
Benchmark 5 year Returns
9.53%
*(Crisil Bond Index 70% and NSE Nifty 30%)

Nature of Fund

An open-ended hybrid fund investing in a mixture of debt instruments and equities.

Investment Strategy

This fund invests primarily in debt instruments, including Government Securities, Corporate Bonds, Money Market Instruments etc. Government of India/ State Governments and to some extent in Corporate Bonds and Money Market Instruments issue it. Up to 40% of its corpus can also be placed into equities, with a minimum requirement of 10% and up to a maximum of 40%.
Conservative Fund
(SFIN: ULIF00325/06/04LIFECONSER104)
Investment Group: Debt
Risk Profile | Medium
Fund 5 year Returns
7.81%
Benchmark 5 year Returns
7.70%
(Crisil Bond Index 90% and NSE Nifty 10%)

Nature of Fund

An open-ended hybrid fund investing predominantly in debt instruments.

Investment Strategy

Conservative Fund invests primarily in debt instruments including Government Securities, Corporate Bonds, Money Market Instruments etc. The Government of India/ State Governments and to some extent in Corporate Bonds and Money Market Instruments issue it. The Fund corpus invested is up to 15% in equities.
Secured Fund
(SFIN: ULIF00425/06/04LIFESECURE104)
Investment Group: Debt
Risk Profile | Low
Fund 5 year Returns
6.95%
Benchmark 5 year Returns
6.74%
*(CRISIL Bond Index 100%)

Nature of Fund

An open-ended debt fund that invests across duration.

Investment Strategy

This fund invests in debt instruments including Government Securities, Corporate Bonds, Money Market Instruments etc. authorised by IRDAI. The Government of India/ State Governments, Corporate and banks issues it. No investment is made in equities.
Diversified Equity Fund
(SFIN: ULIF02201/01/20LIFEDIVEQF104)
Investment Group: Equity
Risk Profile | Very High
New Fund

Nature of Fund

An open-ended equity multi-cap fund focussing on large and mid-caps.

Investment Strategy

The purpose of this fund is to invest at least 70% in equities across the entire market capitalisation range, primarily targeting large and mid-cap stocks from various companies to provide investors with long-term growth opportunities while preserving investment liquidity.
Money Market Fund II
(SFIN:ULIF02301/01/20LIFEMONMK2104)
Investment Group: Debt
Risk Profile | Low
New Fund

Nature of Fund

An open-ended liquid fund that invests only in money market instruments.

Investment Strategy

The purpose of the fund is to deliver returns linked to Money Market levels through a portfolio with minimal interest rate and credit risk to provide a high level of safety of capital.
Dynamic Bond Fund
(SFIN: ULIF02401/01/20LIFEDYNBOF104)
Investment Group: Equity
Risk Profile | Low
New Fund

Nature of Fund

An open-ended debt fund that invests for a duration with focus on corporate bonds.

Investment Strategy

The fund generates higher returns by investing in high-quality and safe debt instruments including Government securities, corporate bonds and money market instruments. The aim is to maximise returns by focusing on the portfolio’s safety and liquidity.
Sustainable Equity Fund
(SFIN: ULIF02505/10/21SUSTAINEQU104)
Investment Group: Equity
Risk Profile | Very High
New Fund

Nature of Fund

An open-ended equity fund investing in companies complying with ESG principles.

Investment Strategy

The fund aims to focus on investing in select companies that operate with social and environmental responsibility while following governance standards.
Nifty Smallcap Quality Index Fund
(SFIN: ULIF02702/08/23NIFTYSMALL104)
Investment Group: Equity
Risk Profile | Very High
New Fund

Nature of Fund

To invest in a basket of stocks drawn from the constituents of the NSE Smallcap 250 Quality 50 index.

Investment Objective

To invest in a basket of stocks drawn from the constituents of the NSE Smallcap 250 Quality 50 index. The objective of the fund is to invest in companies in the above index with similar weights as the index and generate returns as closely as possible, subject to tracking error.
Nifty Alpha 50 Fund
(SFIN: ULIF02914/05/24ALPHAFIFTY104)
Investment Group: Equity
Risk Profile | Very High
New Fund

Nature of Fund

The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s Nifty Alpha 50 index.

Investment Objective

The fund to invest in a basket of stocks drawn from the constituents of NSE’s Nifty Alpha 50 Index that invests in 50 stocks across small cap, mid cap and large cap segment with highest alphas within the top 300 stocks by average freefloat market capitalisation. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.
Nifty 500 Momentum 50 Fund
(SFIN: ULIF03015/08/24MOMENFIFTY104)
Investment Group: Equity
Risk Profile: Very High
New Fund

Nature of Fund

To invest in a basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index.

Investment Strategy

The objective of fund is to invest in a basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index that invests in 50 stocks across small cap, mid cap and large cap segment, with highest normalized momentum scores within the top 500 stocks by average free-float market capitalization. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.
Nifty Momentum Quality 50 Fund
(SFIN: ULIF03127/10/24MOMQUALITY104)
Investment Group: Equity
Risk Profile: Very High
New Fund

Nature of Fund

The objective of this fund is to invest in companies with similar weights as in the NSE’s Nifty 500 Multicap Momentum Quality 50 Index and generate returns as closely to the index as possible, subject to tracking error.

Investment Strategy

The objective of this fund is to invest in companies with similar weights as in the NSE’s Nifty 500 Multicap Momentum Quality 50 Index and generate returns as closely to the index as possible, subject to tracking error. Nifty 500 Multicap Momentum Quality 50 Index invests in 50 stocks, i.e. 10 companies from large cap universe (stocks forming part of the Nifty 100), 15 companies from midcap universe (stocks forming part of the Nifty Midcap 150) and 25 companies from the small-cap universe (stocks forming part of the Nifty Smallcap 250) based on the combination of momentum and quality factor scores.

Note: Returns are 5-year Compounded Annualised Growth Rate (CAGR). Past performance is not indicative of future performance. The Star rating is the Overall Rating. Rating and returns are as on 29^th November 2024.

The above mentioned Fund returns are after deduction of Fund Management Charges (FMC).

In unit-linked insurance policies, investment risk in the investment portfolio is borne by the policyholder. Past performance is not necessarily indicative of future performance. The linked insurance products do not offer any liquidity during the first five years of the contract; the policyholder will not be able to surrender/ withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year. Returns are 5 years Compounded Annualised Growth Rate (CAGR). Rating and returns are as on 29^th November 2024.

© 2020 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from the fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The ‘Morningstar Overall Rating’ is a quantitative assessment of a fund’s past performance—both return and risk—as measured from one to five stars, with one (1) being the lowest and five (5) being the best as on 29^th November 2024.

You can use any of these two investment strategies:

Systematic Transfer Plan

A Systematic Transfer Plan helps replicate a rupee cost averaging method on your Annualised Premium. This option is available only for single premium policies or policies single/annual premium received net of any premium allocation charges shall be allocated first to the Secure Plus Fund. Immediately thereafter and on each subsequent monthly anniversary, the fund value of [1/ (13 - month number in the Policy year)] of the Units available at the beginning of the month shall be switched to Growth Super Fund automatically by cancelling Units in the Secure Plus Fund, and purchasing Units in the Growth Super Fund till the availability of Units in Secure Plus Fund.

Dynamic Fund Allocation

An investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance and investment horizon option is an investment strategy that in the early part of your Policy Term invests in equity-oriented funds and as your Policy Term progresses, it shifts the fund allocation towards more conservative funds. You can opt for Dynamic Fund Allocation option only at the inception of the policy. Under this option, assets under management shall be maintained among Growth Super Fund and Secure Fund in a pre-defined proportion that changes depending upon the years left to maturity as per the matrix below:

Number of Years to Maturity	Assets under management to be maintained under the Growth Super Fund	Assets under management be maintained under the Secure Fund
16 – 20	80%	20%
8 - 15	70%	30%
4 - 7	50%	50%
0 - 3	20%	80%

Additional Benefits Through Riders

Axis Max Life Critical Illness and Disability Secure Rider (UIN: 104A034V02)

Axis Max Life brings a comprehensive insurance plan that covers up to 64 critical illnesses along with total and permanent disability coverage. You can choose the best variant for you from the five available variants. You will also be eligible for a discounted renewal premium based on the number of steps monitored on Max fit app. You can even choose to get a cover up to age 85 years.

(For further details, please refer to the Axis Max Life Critical Illness and Disability Secure Rider, UIN: 104A034V02, Prospectus)

Axis Max Life Smart Ultra Protect Rider: (UIN: 104A049V02)

Axis Max Life Smart Ultra Protect Rider is a Unit-Linked Individual Health Insurance Rider. This rider offers coverage against a range of risks. You may opt for coverage against one or more risks as per your needs. Risks covered under the rider are Term Booster with Accelerated Terminal Illness, Accidental Death Benefit, Accidental Total & Permanent Disability, and Payor Benefit. Return of premium option is available under all *Rider Benefit Variants except for payor benefit. The policyholder has the flexibility to choose from multiple possible combinations of *Rider Benefit Variant. For further details, please refer to Axis Max Life Smart Ultra Protect Rider Prospectus and Policy Document..

*Rider Benefit Variant Term Booster with Accelerated Terminal Illness, Accidental Death Benefit, Accidental Total Permanent Disability will be applicable on Life insured and Payor benefit will be applicable on policyholder.

ARN: PDP/PWP/251124

Why Choose Axis Max Life?

99.65% Death Claim Paid Ratio

(Source: Individual Death Claim Paid Ratio as per Audited Financials for FY 2023-2024)

304 Offices

(Source : As reported to IRDAI, FY 2023-24)

₹1,779,409 Cr. Sum Assured

In force (individual) (Source : Axis Max Life Public Disclosure, FY 2023-24)

₹150,836 Cr. Assets Managed

(Source : Axis Max Life Public Disclosure, FY 2023-24)

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