Axis Max Life - Flexi Wealth Advantage Plan - Balanced Fund

NAV on (11 Dec 2025)

78.2859

About Plan

In today s era of competition, where you strive so hard to fulfil your responsibilities towards your family goals, this market linked savings plan will take care of all your wealth creation needs while shielding your loved ones. Presenting Max Life Flexi Wealth Advantage Plan, which helps you build a wealth portfolio for yourself and your loved ones and continue to fulfill all their aspirations and milestones. This plan helps to accelerate your wealth creation goals by not only guaranteeing you return of policy charges but also giving loyalty additions. With power packed boosters and a wide choice of variants which ensure your every need can be met, you now have the power to stay in control of your growth journey. Not just this, as your life evolves, you can also evolve your plan with unlimited switches and premium redirection, at no extra cost whatsoever. So, take a step towards growing your wealth to meet your life s milestones and that of your loved ones today.

Features

1. Return of all charges - You are eligible for a refund of all or some part of the ULIP charges deducted in your policy, which are added back to your fund value.
2. Guaranteed Loyalty Additions to boost up your fund value -
Enjoy Guaranteed Loyalty Additions to further enhance your Fund Value from 8th year onwards.
3. Auto Debit Booster -
Enjoy an additional booster at the end of 5 Policy Years, on paying any of your first five Premiums (Excluding the first Premium) through auto debit (ECS, DD etc.) mode.
4. Choose from flexible plan options - You can choose from 2 plan variants (Wealth / Whole Life) and multiple Premium Payment Term and Policy Term opt ions to suit your investment tenure. You can further choose from 5 investment strategies and 11 funds to suit your investment style.
5. Option of Whole Life Cover and wealth acceleration - The Whole Life Plan variant starting with 5 years of Premium Payment Term allows you to shield your loved ones for the whole of your life, and lets your wealth grow t ill 100 years of age.
6. Option to choose your Sum Assured Cover Multiple - You can choose your Life Cover from multiple options of 1.25, 7, 10 and 15 times the Premium depending upon your Premium Payment Term.
7. Option to avail regular systematic money withdrawals as per your desire: Smart Withdrawals - The Whole Life variant lets you enjoy a secondary income stream by withdrawing money regularly from your Policy. You may choose this opt ion of
Smart Withdrawals
at incept ion or anytime during the Policy Term.
8. Unlimited free switches and premium redirections - Basis your change in investment style, you may avail unlimited switches and premium redirections, absolutely free of any cost.
9. Tax Benefits - Tax benefits may be applicable on premiums paid and benefits received as per prevailing tax laws.
10. Optional waiver of premium cover - This option ensures that, in case of unfortunate demise of the policyholder provided the risk cover under the Policy is in-force, WOP has been chosen at incept ion and WOP cover is active on the date of death of the policyholder, the Company will fund all future outstanding premiums of the base policy only (Not additional riders chosen) as and when due under the policy, keeping all the promised benefits under the policy intact.

Entry Age Details

Minimum Age : Wealth and Whole Life variant: 0 years (91 days)

Maximum Age : Maximum Premium payment age being capped at 65 years for limited / regular pay and 70 years for Single Pay.
Limited / Regular pay: 60 years for all Cover Multiples
For WOP Benefit: The maximum age shall be 60 years

Maturity Age Details

Minimum Maturity Age: years. Maximum Maturity Age depends on the Premium Payment Term(PPT)

Premium payment mode

Single, Annual, Semi-Annual, Quarterly and Monthly

Sum Assured Details

Minimum Sum Assured - The minimum Sum Assured will depend on the minimum annualised Premium as defined above. Basis the same, the minimum Sum Assured under the product is as follows:
Wealth variant: Single Pay: Rs.2.5 Lakhs, Limited Pay: Rs.3.5 Lakhs, Regular Pay: Rs.1.75 Lakhs
Whole Life variant: Limited Pay: Rs.7 Lakhs
Maximum Sum Assured - No limit, subject to the limits determined in accordance with the Board approved underwriting Policy of the company.

Death Benefits

Irrespective of whether Waiver of Premium Benefit is opted or not opted at inception:
On death of the Life Insured anytime during the term of the Policy, the nominee shall get higher of the following benefits, given the Policy is in force: Sum Assured (Reduced by applicable partial withdrawals, if any), or
Single Pay - It is equal to Cover multiple X Single premium
Limited Pay & Regular Pay - It is equal to Cover multiple X Annualised premium
- Fund value (As on date of intimation of death), or
- 105% of the Total Premiums received up to the date of death (Reduced by applicable partial withdrawals, if any)

Maturity Benefits

On maturity, you will be eligible to receive an amount, provided settlement option has not been exercised, equal to the Fund Value as applicable on the date of maturity of the policy, where the Fund Value will be calculated as: Fund Value = Summation of Number of Units in Fund(s) multiplied by the respective NAV of the Fund(s) as on the date of maturity.

Survival Benefit

a. Guaranteed Loyalty Additions (GLAs) - You are eligible for Guaranteed Loyalty Additions (GLAs) under the product which differ according to the Premium band opted by you. These shall be added to your fund value starting from the end of 8th Policy Year and at the end of each year thereafter (i.e. first GLA shall be credited at the end of 8th Policy Year and second at the end of 9th Policy Year and so on).
b. Auto Debit Booster - If you pay any of your first five year Premiums (Excluding the 1st Premium) through auto-debit mode of payment, an extra auto-debit booster amount of 0.75% of Premium will get added to your fund value at end of 5th Policy Year, provided all due Premiums t ill date have been paid and the Policy is in-force.
- This feature is applicable for both wealth and Whole Life variants.
- The booster shall accrue from payment of second Premium onwards

Tax Benefits

Tax benefits are subject to the changes in tax laws. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note that all the tax benefits are subject to the tax laws prevailing at the time of payment of premiums or receipt of benefits by you. You may seek an independent advice on tax benefits from your tax advisor.

Free Look Period

You have a period of fifteen (15) days (30 days in case of electronic policies and policies obtained through distance marketing mode) from the date of receipt of the policy, to review the terms and conditions of the policy, where if you disagree with any of those terms and conditions, you have the option to return the Policy stating the reasons for objection. The Policyholder shall be entitled to refund of Premiums paid subject only to a deduct ion of proportionate risk Premium for the period of cover and the expenses incurred by the insurer on medical examination of the proposer and stamp duty charges.

Policy Loans

Not available in this plan

Partial Withdrawal

You can make partial withdrawals which will be affected by cancelling units subject to the following conditions:
Applicable for both Wealth variant and Whole Life variant:
i. No partial withdrawals are allowed in the first five Policy Years and thereafter a maximum of twelve (12) partial withdrawals are allowed in any policy year
ii. The minimum amount of partial withdrawal allowed per transaction is Rs.5,000

Systematic Transfer Plan

An option which replicates a rupee cost averaging method by systematically moving your money from a debt to equity fund every month. The premium received net of charges shall be allocated first to Secure Plus Fund. Immediately thereafter and on each subsequent monthly anniversary, units available in Secure Plus Fund will be systematically transferred to Growth Super Fund based on the formula: [1 / (13 month number in the policy year)].

Surrender Details

At any time during the Policy Term, you have the right to surrender the policy by advising the company in writing. The surrender benefit is equal to Fund Value less applicable Surrender / Discontinuance charges. Policy can be Surrendered / Discontinued at any time but the Surrender / Discontinued value will be paid subjected to provision of the Policy.

Revival Details

In case you have chosen the option to revive the policy within three years (as per B.1.(1) above), you will have the Revival Period of three years from the date of first unpaid premium to revive the policy: On Revival, the policy shall be revived restoring the original risk cover in accordance with the terms and conditions of the policy.

Premium allocation Charges

The premium allocation charge is levied as a % of each premium paid. The rate of premium allocation charge for different variants is as follows:
Single Pay: 5% of Single Premium

Fund Management Charges

This is a charge levied as a percentage of the value of assets and shall be appropriated, usually daily, by adjusting the Net Asset Value of the Fund. The rate to be levied will be equal to the annual rate, as given below, divided by 365 and multiplied by the number of days that have elapsed since the previous unit valuation date. The charges specified below are guaranteed and shall not change during the Policy lifetime. The annual rate of Fund Management Charge is as below.
Money Market II Fund - 0.90%
Secure Plus Fund - 0.90%
Secure Fund - 0.90%
Dynamic Bond Fund - 0.90%
Conservative Fund - 0.90%
Balanced Fund - 1.10%
Growth Fund - 1.25%
Growth Super Fund - 1.25%
Diversified Equity Fund - 1.25%
High Growth Fund - 1.25%
Sustainable Equity Fund - 1.25%
Discontinuance Policy Fund - 0.50%

Mortality Charges

The mortality charge on death benefit will be levied basis Sum at Risk on every monthly anniversary by canceling units from the unit account starting from the date of commencement of Policy. The mortality charge on death benefit will be on an attained age of the Life Insured basis over the duration of the contract. The charge is per Rs.1,000 of Sum at Risk and will depend on the gender and attained age of the Life Insured.

Policy Administration Charges

The Policy administration charge (As a percentage of Annualized / Single Premium) will be deducted between year 6 and year 10 and will be capped at Rs.500 per month.

Top-up charges

Not available in this plan

Switching Charges

All switches will be free of charge.

Partial Withdrawal Charge

Partial withdrawals are free of any charge. A maximum of twelve (12) partial withdrawals are allowed in any Policy Year.

Surrender Charges

The surrender / discontinuance charges are expressed as the lower of (X% of Annualised Premium, X% of Fund Value, Y fixed rupee amount) where X and Y vary according to the year of premium discontinuance / surrender.

Alteration Charge

No charge is applicable for any alteration in Sum Assured, Premium Payment Term or Policy Term. However, please note:
- All applicable taxes, cesses and levies as imposed by the Government from time to time will be levied on all charges as per the prevailing laws
- Any further taxes and cess shall be passed on to you

Miscellaneous charges

There are no miscellaneous charges.

Returns (as on 11-Dec-2025)

Period	Absolute (%)	Annualised (%)
1 Week	-0.5	0
1 Month	-0.3	-3.2
3 Months	0.7	3.2
6 Months	0.5	1.2
1 Year	2.8	2.8
2 Years	20.1	9.6
3 Years	32.1	9.7
5 Years	0	0

NAV Chart

Historic Graph:

From

52-week High

₹78.9388

20-Oct-2025

52-week Low

₹73.1235

28-Feb-2025

Claim & Solvency Ratio

Claim Ratio	Solvency Ratio
100% (2023-24)	-

Select Another Insurance Company

Frequently Asked Questions About Insurance

Health

Life

Auto

Home

What is health insurance? +

Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured. It may also provide coverage for other types of health-related costs, such as prescription drugs, mental health services, and preventive care.

Why do I need health insurance? +

Health insurance helps protect you from high medical costs. It provides access to medical care when you need it, helping to pay for doctor visits, hospital stays, surgeries, prescription medications, and other health-related services.

What is a premium? +

A premium is the amount you pay for your health insurance every month. Depending on your plan, the premium may vary based on factors like age, location, and level of coverage.

What is a deductible? +

A deductible is the amount of money you must pay out-of-pocket before your health insurance starts covering your medical expenses. For example, if you have a deductible of $1,000, you must pay $1,000 out-of-pocket before your insurance starts covering your medical bills.

What are copayments and coinsurance? +

Copayment (copay): A fixed amount you pay for a covered health care service, typically when you get the service. Coinsurance: The percentage of the cost you pay for covered health services after you've paid your deductible. For example, if your coinsurance is 20%, you pay 20% of the bill, and the insurance company pays the remaining 80%.

What is an out-of-pocket maximum? +

The out-of-pocket maximum is the maximum amount you can spend on your health insurance. If you exceed this amount, your insurance company will pay 100% of your medical expenses.

What is the difference between in-network and out-of-network providers? +

In-network providers: Health care providers that have a contract with your health insurance plan to provide services at negotiated rates. Out-of-network providers: Providers that don't have a contract with your insurance plan. Services from these providers may cost more or not be covered at all.

What is a Special Enrollment Period (SEP)? +

The Special Enrollment Period (SEP) is a special time during the year when you can sign up for or make changes to your health insurance plan. If you miss this period, you may have to wait until the next one unless you qualify for a Special Enrollment Period (e.g., due to a life event like marriage or having a baby).

Can I keep my doctor with health insurance? +

If you have a preferred doctor, it’s important to check if they are in-network with your insurance plan. If they are not in-network, you may need to pay more out-of-pocket, or you may have to switch to another doctor who is in-network.

What is a Health Savings Account (HSA)? +

A tax-advantaged account for people with high-deductible health plans (HDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Flexible Spending Account (FSA)? +

A tax-advantaged account for people with low-deductible health plans (LDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Health Maintenance Organization (HMO)? +

An HMO is a type of health insurance plan that requires you to choose a primary care physician (PCP) and get referrals from them to see specialists. HMOs often have lower premiums and out-of-pocket costs but offer less flexibility in choosing providers.

What is a Preferred Provider Organization (PPO)? +

A PPO is a health insurance plan that offers more flexibility in choosing healthcare providers and doesn’t require referrals to see specialists. You can see any doctor, but you’ll pay less if you use in-network providers.

What is the difference between a Health Savings Account (HSA) and a Flexible Spending Account (FSA)? +

HSA: A tax-advantaged account for people with high-deductible health plans (HDHPs) The funds roll over from year to year and can be used for qualifying medical expenses. FSA: A tax-advantaged account for people with low-deductible health plans (LDHPs) The funds roll over from year to year and can be used for qualifying medical expenses.

What does the term "pre-existing condition" mean? +

A pre-existing condition is a medical condition that you had before you got your health insurance. It could include things like diabetes, high blood pressure, or heart disease.

Can I cancel my health insurance at any time? +

Yes, you can cancel your health insurance plan at any time. However, if you cancel outside the open enrollment period, you may not be able to get another plan until the next enrollment period unless you qualify for a Special Enrollment Period.

Are prescription drugs covered by health insurance? +

Many health insurance plans cover prescription medications, but the coverage may vary. Plans typically have a formulary, or list of covered drugs, and different drugs may have different levels of coverage, depending on whether they are generic, brand-name, or specialty drugs.

What is preventive care? +

Preventive care includes health services that help prevent illnesses, such as vaccinations, screenings, and annual checkups. Under the Affordable Care Act, most preventive services are covered by health insurance plans at no additional cost to the policyholder.

What should I do if my health insurance claim is denied? +

If your claim is denied, you can appeal the decision. Review the denial letter for reasons, contact your insurer for assistance, and file a written request for a hearing. If you win the appeal, you may be able to get a refund or other compensation.

How can I choose the best health insurance plan for me? +

When selecting a plan, consider factors like: Your health care needs (e.g., frequent visits, prescriptions) The plan’s network of doctors and hospitals The cost of premiums, deductibles, copays, and out-of-pocket maximums Coverage for specialized care or treatments Compare the different plans and benefits to find one that meets your needs.

What happens if I don't have health insurance? +

If you don’t have health insurance, you can still access some health care services, such as emergency care, in-network doctors, and in-network hospitals. You may be eligible for Medicaid, which provides some health care services at no cost to you.

What is life insurance? +

Life insurance is a contract between you and an insurance company, where you pay regular premiums in exchange for a lump sum payment (death benefit) to your beneficiaries upon your death.

What are the different types of life insurance? +

Term Life Insurance: Provides coverage for a specific period (e.g., 10, 20, or 30 years). If you pass away during this term, your beneficiaries receive the death benefit. It does not build cash value. Whole Life Insurance: Offers lifetime coverage with a death benefit and also builds cash value over time, which you can borrow against or use. Universal Life Insurance: A flexible policy that allows you to adjust the premiums and death benefit while also building cash value.

How much life insurance coverage do I need? +

The amount of coverage you need depends on factors like your income, debts, family needs, and long-term financial goals. A common rule is to have coverage worth 10 to 15 times your annual income, but this can vary based on your individual situation.

What is the difference between beneficiaries and policyholders? +

The policyholder is the person who owns the life insurance policy and pays the premiums, while the beneficiary is the person or group that receives the death benefit when the policyholder passes away.

Can I change my beneficiaries? +

Yes, you can change your beneficiaries at any time during the life of the policy, as long as the policy is in force and you follow the correct procedure with the insurance company.

What is the contestability period? +

The contestability period is the time during which you have the right to contest the decision of the insurer to pay the death benefit. This period varies depending on the type of life insurance policy and the insurer.

Does life insurance cover accidental death? +

Some life insurance policies include accidental death coverage, while others may require a separate rider for this benefit. Be sure to review your policy to understand what’s covered.

Can I cancel my life insurance policy at any time? +

Yes, you can cancel your life insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is cash value? +

Cash value is the accumulated value of the life insurance policy that can be used to pay for expenses, such as medical bills or funeral expenses.

How do I borrow against cash value? +

You can borrow against the cash value of your life insurance policy, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What is the difference between whole life and universal life insurance? +

Whole life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years) and builds cash value over time. Universal life insurance offers lifetime coverage with a death benefit and also builds cash value over time.

How are life insurance premiums determined? +

Life insurance premiums are based on factors like age, health, lifestyle (e.g., smoking), coverage amount, and type of policy. Generally, younger, healthier individuals pay lower premiums.

Can I borrow money from my life insurance policy? +

If you have a whole life or universal life policy, it may build cash value over time. You can borrow against this cash value, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What happens if I stop paying my life insurance premiums? +

If you stop paying premiums, your policy may lapse. For permanent policies like whole or universal life, the cash value may cover the premiums for a time, but eventually, if premiums are not paid, the policy will end.

What is auto insurance? +

Auto insurance is a contract between you and an insurance company that provides financial protection against damage or injury caused by accidents, theft, or other incidents involving your vehicle. It covers both liability and your vehicle's repair costs depending on the type of policy.

What types of auto insurance coverage are available? +

There are several types of auto insurance coverage, including liability, collision, comprehensive, uninsured/underinsured motorist, and additional coverage like roadside assistance and collision damage waiver.

How much auto insurance do I need? +

The amount of coverage you need depends on factors such as the value of your car, your driving habits, your state's legal requirements, and whether you own or lease your vehicle. A good starting point is to meet your state's minimum required coverage, but you may want additional coverage for added protection.

Can I cancel my auto insurance policy at any time? +

Yes, you can cancel your auto insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between liability and comprehensive coverage? +

Liability coverage covers the damages and injuries caused by accidents, while comprehensive coverage also covers non-accident damages, such as theft or vandalism.

How do I choose the right auto insurance policy? +

When selecting an auto insurance policy, consider factors such as the type of coverage you need, your driving habits, the value of your vehicle, and your state's legal requirements.

What factors affect my auto insurance premium? +

Several factors impact your insurance premium, including: Your driving history (accidents, tickets), The make, model, and age of your car, Your location (accident rates in your area), Your age, gender, and marital status, The level of coverage you choose, Your credit score (in some states).

What is a deductible? +

A deductible is the amount you must pay out of pocket before your insurance policy starts to cover the remaining cost of repairs or claims. For example, if you have a $500 deductible and incur $2,000 in damages, you will pay $500, and your insurer will pay the remaining $1,500.

What is the difference between comprehensive and collision coverage? +

Collision coverage pays for repairs to your vehicle after a collision with another vehicle or object, regardless of who is at fault. Comprehensive coverage covers non-collision incidents, such as theft, vandalism, or damage from natural disasters.

Can I get uninsured/underinsured motorist coverage? +

Yes, uninsured/underinsured motorist coverage is available in some states. This coverage provides financial protection for you if another driver is uninsured or underinsured.

Is auto insurance required by law? +

Yes, in most states, you are required to have a minimum level of liability insurance. Some states also require additional coverage like Personal Injury Protection (PIP) or uninsured motorist coverage. The requirements vary by state, so it’s important to check your local laws.

What happens if I don’t have auto insurance? +

If you drive without insurance, you risk facing legal penalties, fines, and the possibility of your driver's license being suspended. If you're involved in an accident, you could be held responsible for the damages.

Can I add other drivers to my auto insurance policy? +

Yes, you can add other drivers, such as family members or friends, to your policy. However, their driving record and age may affect your premium. It's important to inform your insurer about all the drivers in your household.

What should I do if I get into an accident? +

If you're in an accident, follow these steps: Ensure safety by moving to a safe location if possible. Call the police and file a report. Exchange contact and insurance information with the other driver(s). Take photos of the accident scene, vehicle damage, and injuries. Notify your insurance company about the accident as soon as possible.

What is home insurance? +

Home insurance is a contract between you and an insurance company that provides financial protection against damage or loss caused by natural disasters, theft, or other incidents.

What types of home insurance coverage are available? +

There are several types of home insurance coverage, including flood, fire, burglary, and liability. You may also have coverage for water damage, mold, and other property damage.

How much home insurance do I need? +

The amount of home insurance coverage you need depends on the value of your property, the type of coverage you want, and your insurance provider. You may also need additional coverage for water damage, mold, and other property damage.

Can I cancel my home insurance policy at any time? +

Yes, you can cancel your home insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between flood and fire coverage? +

Flood coverage covers damage caused by floods, while fire coverage covers damage caused by fires.

How do I choose the right home insurance policy? +

When selecting home insurance, consider factors such as the type of coverage you need, the value of your property, and your insurance provider.

What factors affect my home insurance premium? +

Factors such as the type of coverage you need, the value of your property, and your insurance provider can significantly impact your premium.