Axis Max lIfe Ulip plans?Should i go or not?

Insurance
1

I am Wondering how a single product can promise both market-linked wealth and a death pay-out without turning into a plate of hidden charges.

2

Axis Bank distributes a suite of Unit Linked Insurance Plans (ULIPs) underwritten by Max Life Insurance. These products combine market-linked investment with life-cover under a single contract, governed by IRDAI’s ULIP Regulations, 2019.

  1. Dual Benefit
    • Investment Component – Premium, net of statutory charges, is allocated to one or more segregated funds (equity, debt, balanced).
    • Insurance Component – Sum-at-risk (death benefit minus fund value) provides pure life cover.

  2. Core Plans
    • Fast Track Super – Single or limited-pay premium structure, zero premium-allocation charges after year 5.
    • Online Savings Plan – Regular-premium, fully digital onboarding, loyalty additions from year 6 onward.
    • Shiksha Plus – Child variant with in-built premium-waiver on proposer’s death.

:white_check_mark: Ideal if you need Section 80C benefit and also market exposure