Delhi Delhi: Axis Max Life Insurance (“Axis Max Life”/ “Company”) has announced the launch of Axis Max Life Smart Term Plan Plus (Uin: 104N127V01), which a non-linked, non-participation, personal net -The risk is a life insurance scheme, designed to address diverse needs and life stages with coverage according to customer needs. It offers up to 200% of the total premium, which is paid back as a special exit price and does not have to pay any additional premium to avail this benefit.

This scheme also provides women-focused facilities according to the unique needs of this customer class. It involves maternity cover benefits that provide protection from pregnancy complications and also covers the newborn for congenital anomalies for 3 years of birth. It provides Lifeline Plus benefits that allow women life insurance holders to increase coverage up to 50% of the base sum assured (whichever less) in case of death of their spouse. The most important thing is that this scheme provides a discount of 15% on premiums for female policy holders compared to male policy holders. In addition, salaried women are eligible for an additional 15% discount at the first year premium, which can be a total discount of 27.75% at the first year premium.

Prashant Tripathi, Managing Director and CEO of Axis Max Life, commented, “While awareness about term insurance is increasing, its reach in India is quite low, causing a big difference of security for many families. Axis Max Life is designed to meet this important requirement by providing cheap and accessible protection to a large part of the Life Smart Term Plan Plus population, with its flexible options and competitive pricing. Attractive and budget-friendly options. I believe that with this scheme, we can play an important role in bridge security differences and making more financially secure India with this scheme. ”