BENEFIT ILLUSTRATION
[Date and Time of Illustration – 08/07/2025 17:12:20 ]
Name of the sfnfmfhv Proposal No:
Prospect/Policyholder:
Axis Max Life Smart Fixed Return
Name of the Product:
Age & Gender: 22 Years, Male Digital Plan
Name of the Life Assured: sfnfmfhv A Non-linked Non Participating
Tag Line: Individual Life Insurance Savings
Age & Gender: 22 Years, Male Plan
Policy Term 20 years Unique Identification No: 104N123V06
GST Rate (Base Policy, First Year): 4.50%
Premium Payment Term: 10 year GST Rate (Base Policy, Subsequent
2.25%
Year):
Amount of Installment GST Rate (Rider, First Year): NA
Rs. 8,946
Premium GST Rate (Rider, Subsequent Year): NA
Mode of payment of premium: Monthly
Axis Max Life State: Haryana
Policyholder Residential State:
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy
Policy Details
Policy Variant Platinum Sum Assured on Maturity (in Rs.) 2400015
Death Benefit Option 11 Sum Assured on Death (at inception of the policy) Rs 1098812
Rider Details
Accidental Death & Dismemberment (ADD) Rider Premium Payment Term and NA Accidental Death & Dismemberment (ADD) Rider Sum NA
Rider Term Assured (in Rs.)
Term Plus Rider Term NA Term Plus Rider Sum Assured (in Rs.) NA
Waiver of Premium (WOP) Plus Rider Term NA
Critical Illness and Disability Rider - Rider Premium Payment Term and Rider NA Critical Illness and Disability Rider - Coverage Variant NA
Term
Critical Illness and Disability Rider - Rider Sum Assured NA
Premium Summary
Term Waiver of Total
Base Accidental Death & Critical Illness and
Plus Premium Plus Installment
Plan Dismemberment Rider Disability Rider
Rider Rider Premium
Installment Premium without GST
8,561 0 0 0 0 8,561
(in Rs.)
Installment Premium with first year
8,946 0 0 0 0 8,946
GST (in Rs.)
Installment Premium with GST 2nd
8,753 0 0 0 0 8,753
year onwards (in Rs.)
Net Rate of Return : 5.71%
(Amount in Rupees)
Guaranteed Non Guaranteed
Total
Policy Single/Annualized Annual Accrued Other Benefits, if any Total Min Special
Death Surrender
Year Premium (BOY) Premium Guaranteed (Guaranteed Sum Maturity Guaranteed surrender
Benefit Value
(BOY) Additions (if Assured at Maturity) Benefit Surrender value
(BOY) (EOY)
any)(EOY) (EOY) (EOY) value (EOY)
1 99892 102729 0 0 0 1098812 0 59650 59650
2 99892 102729 0 0 0 1098812 61637 128307 128307
3 99892 102729 0 0 0 1098812 107865 206999 206999
4 99892 102729 0 0 0 1098812 205458 296868 296868
5 99892 102729 0 0 0 1098812 385233 399171 399171
6 99892 102729 0 0 0 1098812 616374 515299 616374
7 99892 102729 0 0 0 1098812 719103 646753 719103
8 99892 102729 0 0 0 1098812 821831 795222 821831
9 99892 102729 0 0 0 1098812 924560 962528 962528
10 99892 102729 0 0 0 1150723 1027289 1150723 1150723
11 0 0 0 0 0 1238191 1027289 1238191 1238191
12 0 0 0 0 0 1332359 1027289 1332359 1332359
13 0 0 0 0 0 1433781 1027289 1433781 1433781
14 0 0 0 0 0 1542985 1027289 1542985 1542985
15 0 0 0 0 0 1660598 1027289 1660598 1660598
16 0 0 0 0 0 1787279 1027289 1787279 1787279
17 0 0 0 0 0 1923763 1027289 1923763 1923763
18 0 0 0 0 0 2070784 1027289 2070784 2070784
19 0 0 0 0 0 2229241 1027289 2229241 2229241
20 0 0 0 2400015 2400015 2400015 1027289 2400015 2400015
• EOY: End of Year, BOY = Beginning of Year
• Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods
and Service Tax.
• Total Annual Premium includes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any but excludes
Goods and Service Tax.
• The Surrender Value payable shall be higher of ‘Minimum Guaranteed Surrender Value’ and ‘Special Surrender Value’. Any additional Surrender Value
over and above the ‘Minimum Guaranteed Surrender Value’ is not guaranteed.
• The Net Rate of Return has been calculated based on the total maturity benefit, assuming that all premiums have been paid as and when due (excluding
applicable taxes, cesses and levies and rider premiums, if any).
• Refer Sales literature (Prospectus) for explanation of terms used in this illustration.
• For Point of Sale (POS) polices, there is a waiting period of 90 days from the Date of Commencement of Risk of this Policy (“Waiting Period”). In case of
death (for other than accidental death only) during this Waiting Period, 100% of the total premiums paid till the date of death will be payable excluding
applicable taxes, cesses, levies, if any. The Death Benefit will not be payable. In case of death of Life Insured due to accident, the Waiting Period is not
applicable, and Death Benefit shall be payable. The waiting period is not applicable on the revival of a policy.
I, ……………………………………………. (name), have I, sfnfmfhv, having received
explained the premiums, and benefits under the product the information with respect to the above, have understood the
fully to the prospect / policyholder. above statement before entering into the contract.
Place:
Date: 08/07/2025 Date: 08/07/2025
UIN: 104N123V06 Axis Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Page 2 of 2
UIN: 104N123V06 Axis Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Page 2 of 2
Phase II, Gurugram – 122002
