Axis Max Life - Life Smart Express Plan - Conservative Fund

A plan that understands that your dynamice lifestyle and todays environment makes it preferable for you to make short-term commitments and reap maximum benefits from your investments.
Conservative Fund: The investment objective of this fund is to provide stable return by investing in assets of relatively low to moderate level of risk. The fund will invest primarily in fixed interest securities such as government securities, corporate bonds etc. However, the fund will also invest in equities.

Key Features:
1. Payment term of 3 pay or 5 pay or Single Premium
2. Short policy term of 10 years
3. Well managed 8 investment funds to choose form as per your risk profile, including the Money Market Fund for safeguarding your investments in turbulent market conditions
4. A unique option called Systematic Transfer Plan, which lets you take advantage of market volatilities through systematic equity investments
5. Persistency bonus to boost your policy fund value
6. Partial withdrawal feature for easy liquidity at the time of need
7. Personal Accident Benefit and Dread Disease Rider option for extra protection

Benefits:
1.Wealth creation through an extensive variety of expertly managed funds
2.Safety of investment through Money Market Fund
3.The comfort of a Limited premium paying term
4.Reward of persistency units, even with a short policy term
5.Additional protection against disease/disability through Rider options
6.Systematic Transfer Plan option: ensures investments have a safety belt while riding the current market volatility.
7. Death Benefit payable to the nominee in case of unfortunate event of death of life insured
8. Tax benefit u/s 80C and 1 0(1 0D), as per prevailing tax laws

Age of Life Insured
3 pay and 5 pay: 91 days to 60 years, age as on last birthday Single Premium: 91 days to 55 years, age as on last birthday With Dread Disease Rider, the minimum and maximum age of entry is 20 years and 50 years respectively. With Personal Accident Benefit Rider, theminimum and maximum age of entry is 20 years and 55 years respectively.
Age of Life Insured at Policy Maturity
Maximum: 70 years, age as on last birthday

Three premium payment options:
Single Premium - Once at the time of proposal
3 Pay - Premium payment only for the first three policy years
5 Pay - Premium payment only for the first five policy years
The minimum Annual Premium under 3 pay and 5 pay premium payment options allowed is Rs. 1,00,000 and Rs. 50,000 respectively and minimum Single Premium allowed is Rs. 1,50,000.
Premium Payments
You can pay your premiums within 30 days after the due date to fit in with your cash flows. In case of Monthly mode, you need to pay your premiums within 1 5 days after the due date.
Premium Payment Modes
The premiums can be paid Monthly, Quarterly, Semi-Annually or Annually under the 3 pay and 5 pay payment options.

Top-ups
You have the option to invest over and above your regular premiums at any time, subject to the following conditions:
1. You have paid all your regular premiums to date
2. Our total top-up premiums at any time are not more than 25% of your total regular premiums paid till date
Note: The top-up premiums will not buy any insurance cover.

Investment Details:
You have the flexibility to direct your investments in any one or more of the following eight unit linked investment funds being offered: SECURE, CONSERVATIVE, BALANCED, GROWTH, GROWTH SUPER, HIGH GROWTH, DYNAMIC OPPORTUNITIES and MONEY MARKET. The fund details are as follow:
Secure Fund: The investment objective of this fund is to provide stable return by investing in relatively low risk assets. The fund will invest exclusively in fixed interest securities such as government securities, corporate bonds etc.
Conservative Fund: The investment objective of this fund is to provide stable return by investing in assets of relatively low to moderate level of risk. The fund will invest primarily in fixed interest securities such as government securities, corporate bonds etc. However, the fund will also invest in equities.
Balanced Fund: The investment objective of this fund is to provide balanced returns from investing in both fixed income securities (to target stability of returns) as well as in equities (to target growth in capital value of assets) for moderate level of risk.
Growth Fund: The investment objective of this fund is to provide potentially higher returns to the policyholders by investing primarily in equities (to target growth in capital value of assets); however, the fund will also invest in government securities, corporate bonds and money market instruments, hence the risk involved will be relatively moderate to high.
Growth Super Fund: The investment objective of this fund is to provide potentially higher returns to the policyholders by investing pre-dominantly in equities (to target growth in capital value of assets); however, the fund may also invest in government securities, corporate bonds and money market instruments, hence the risk involved is relatively higher.
High Growth Fund: The investment objective of this fund is to provide potentially higher returns to policyholders in the long-term. The fund will invest pre-dominantly in equities of companies with high growth potential in the long-term (to target growth in capital value of assets); however, the fund will also invest in government securities, corporate bonds and money market instruments, hence the risk involved is relatively higher.
Dynamic Opportunities Fund: The investment objective of this fund is to provide potentially higher returns to the policyholder by dynamically investing in equities, debt or cash instruments to capitalize on changing market conditions. The fund will have flexibility to increase or decrease the Debt-Equity ratio basis the opportunities available in the market, hence the risk involved is moderate.
Money Market Fund: The investment objective of the fund is to provide stable returns by investing in short-term money market instruments like treasury bills and cash, hence the risk and returns are relatively low.
Secure Plus Fund: The investment objective of this fund is to provide stable return by investing in relatively low risk assets. The fund will invest only in government securities, corporate bonds and money market instruments. This fund is only applicable with Systematic Fund Transfer option.

Funds		Asset Types
	Government Securities	Corporate Bonds (Investment Grade)	Money Market and Cash Instruments	Equity
Secure Fund	50-100%	0-50%	0-40%	Nil
Conservative Fund	50-80%	0-50%	0-40%	0-15%
Balanced Fund	20-50%	20-40%	0-40%	10-40%
Growth Fund	0-30%	0-30%	0-40%	20-70%
Growth Super Fund	0-20%	0-20%	0-30%	70-100%
High Growth Fund	0-30%	0-30%	0-30%	70-100%
Dynamic Opportunities Fund	0-100%	0-100%	0-40%	0-100%
^Money Market Fund	Nil	Nil	100%	Nil
*Secure Plus Fund (under the Systematic Transfer Plan option)	60-100%	0-60%	0-40%	Nil

*Secure Plus Fund is only applicable for Systematic Transfer Plan option.

On Partial Withdrawal:
As investment under insurance plans is viewed on a long-term horizon and the maximum benefits are also reaped if you stay invested for longer duration, therefore for the first three policy years, the plan is not eligible for a partial surrender. Therefore, you can make lump-sum partial withdrawals from your funds at any time after the policy has completed three years provided the life insured has attained 18 years of age and within the policy term chosen. Partial withdrawal of units is allowed provided that the maximum partial withdrawal amount is lower of 75% of Fund Value or Fund Value less 1 50% of one ATP. In case of Single Premium option, the policy should have a minimum Fund Value equal to 20% of the Single Premium after partial withdrawal of units. Minimum amount for which request for partial withdrawal of units will be entertained is Rs. 10,000.
The Sum Assured shall be reduced to the extent of partial withdrawals made during the two years period immediately preceding the death of Life Insured. However, on attainment of age 60 by the Life Insured, all partial withdrawals made within two years before attaining age 60 and all partial withdrawals made after attaining age 60 shall be set-off against Sum Assured payable on death.
We offer 6 free partial withdrawals every year with this plan.

Mortality Charge

Mortality charge for providing risk cover to the life insured shall be recovered.

On each Monthiversary, an appropriate number of Units, including a part thereof, in the Unit Account will be cancelled at their Unit Price to meet mortality for the life insurance.

Please refer to the below mortality rates for some sample ages.

Age	30	35	40	50
Annual Mortality charge per 1000 Sum at Risk	1.17	1.387	2.053	5.244

Policy Administration Charge
a) 3/5 premium payment option: Rs. 600/- per annum which shall be charged monthly @ Rs. 50 per month on each Monthiversary which shall not exceed Rs. 900/- per annum, subject to IRDA approval.
b) For single premium payment option: Rs. 1200/- per annum, which shall be charged monthly @ Rs 100 per month on each monthiversary which shall not exceed Rs. 1800/- per annum, subject to IRDA approval.
*This charge shall be increased by 5% per annum compounded yearly.

Switching Charge
First six switches in a policy year will be free of charge. The processing charge for subsequent switches shall be Rs. 500/- per switch. This charge would be subject to increase with approval from IRDA but will not exceed Rs.1,000/- per switch. Note: The minimum switch amount will be Rs. 5,000/-, which can be altered by the company from time to time.

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