How Can You Create A Defensive Plan for your Family?

Not only does Axis Max Life Smart Total Elite Protection Term Plan (A Non-Linked, Non-Participating Individual Pure Risk Life Insurance Plan; UIN: 104N125V07) empowers you to secure your dear ones financially, but it also offers you complete freedom to decide how your family should receive the insurance payout and use it. Meaning, when you buy this term Insurance plan, you have the option to choose whether your loved ones should receive the death benefit:

• All at once
• In the form of a monthly income
• Monthly income with 10% increase to beat inflation
• Sum assured at once with a monthly income
• Increasing sum assured
• Reducing sum assured

For this purpose, there are seven death benefit variants to choose from, including increasing/decreasing cover and inflation protector.

Axis Max Life Smart Total Elite Protection Term Plan is flexible enough to help you out in every unfortunate situation, including diagnosis of a critical illness. Meaning, if one is diagnosed with a severe ailment such as cancer or heart disease, the Accelerated Critical Illness (ACI) benefit available with this Axis Max Life Smart Total Elite Protection Term Plan offers immediate financial help in the form of accelerated payouts.

In the event of the breadwinner’s demise due to an accident, it’s his family who suffers the most. Not only do the family members have to deal with the emotional trauma, but also financial strain in the absence of the breadwinner’s income.

Therefore, you must ensure that your dear ones remain financially safeguarded against such a circumstance. The ‘Accident Cover’ available with this term plan on payment of additional premium can prove to be of help. While the sum assured can help your family survive in your absence, the additional money provided by the Accident Cover ensures that your loved ones remain financially secure in an adequate way.

Our responsibilities and goals evolve with time. Similarly, our insurance needs evolve with our changing goals and life stages. For this purpose, Smart Term Plan offers you the option to take an add on ‘Life Stage Benefit’ (on payment of additional premium ) which allows to increase the total sum assured 0r cover at important milestones like:

• Marriage
• Childbirth
• House loan

With Axis Max Life Smart Total Elite Protection Term Plan you get so much more than coverage. It goes beyond protecting your loved ones – it puts you and your family on a path towards financial preparedness. Starting with several payout options to features like multiple premium payment options and life stage benefits, it helps you at every stage of your life.

Understand that the role that you play in your family may not be compensated in cash, but the care you provide and the responsibilities you perform have great value. That value can be protected through the Smart Term Plan as it provides adequate coverage against different uncertainties.