Choosing a term plan isn’t just about picking the cheapest one or the one with the biggest cover. It’s also about what more you get along with that protection. That’s where Axis Max Life’s Smart Secure Plus Plan stands apart.
If you think life insurance only saves you in a serious condition, then you are wrong. This plan offers multiple health-related add-ons and built-in features which help you stay protected against any kind of condition.
Let’s walk through the key health-linked advantages of this plan and why they matter.
How is it a Customisable Protection?
The Smart Secure Plus Plan is a pure risk premium life insurance plan. That means it focuses on protection without connecting your policy to investments. But what makes it stand out is the list of features you can choose to add, especially those related to your health and financial security.
Whether you want coverage for critical illnesses, the option to stop paying premiums due to medical issues, or a plan that still protects your family even if you’re unable to pay, this plan gives you the flexibility to tailor it to your needs.
Health Riders That Make Your Plan Stronger
Axis Max Life offers two powerful riders that enhance your health coverage under the Smart Secure Plus Plan:
1. Critical Illness and Disability Rider
This rider provides financial support if you are diagnosed with a serious illness or suffer a disability. It ensures that you don’t have to dip into your savings or scramble to find funds during a medical crisis.
Here’s what it adds:
- Protection against major critical illnesses
- Financial help during disability, ensuring life goals don’t get in trouble
- Helps manage treatment and recovery costs without compromising long-term plans
This rider is helpful for families where only one person earns. A serious illness or disability could create both income loss and added expenses. This benefit acts like a financial cushion during that time.
2. Waiver of Premium Plus Rider
If you are diagnosed with a critical illness, become permanently disabled, or pass away, this rider waives all future premium payments. This way, even if something unfortunate happens, the policy continues without any financial burden on your family.
This rider is helpful for anyone who wants the peace of mind that the plan they start will stay active, no matter what happens down the line.
Terminal Illness Cover Comes Built-In
Unlike many plans that charge extra for terminal illness coverage, Smart Secure Plus includes it at no additional cost. If the sum insured is diagnosed with a terminal illness during the policy term, an accelerated payout of up to ₹1 crore is made immediately.
This early payout helps the insured and their family manage high medical costs or make arrangements in time.
Special Exit Value: A Free Option to Get Your Premiums Back
One of the more unique health insurance benefits is the Special Exit Value. If you’re someone who has stayed invested in the plan for 30 years or more, this feature allows you to exit the plan and receive all the base premiums you’ve paid without any deductions or charges.
It’s not just about exiting. It’s about acknowledging the long-term commitment you’ve made and giving you something back, even if you didn’t claim the policy.
Return of Premium Option: Ideal for Long-Term Health and Savings Planners
For those who prefer something tangible at the end of the term, there’s a Return of Premium (ROP) variant available. While it comes at a higher cost, it returns 100% of the total base premiums paid (excluding taxes and rider charges) if you survive the policy term.
This option works well if you’re focused on long-term financial planning and prefer the idea of receiving a benefit whether or not the claim occurs. It also supports financial stability later in life when healthcare costs tend to rise.
Note: The ROP variant is treated as a non-linked, non-participating individual life insurance savings plan.
Premium Breaks for When Life Gets Tough
Health and income challenges sometimes go hand in hand. The Premium Break feature allows you to skip paying your premium for one full year, twice during the policy term, without losing your coverage.
It’s available for long-duration plans (term > 30 years and premium term > 21 years) and can be used if you’re facing financial strain due to medical or personal emergencies.
This kind of flexibility is rare in term plans and speaks directly to real-life challenges policyholders may face over decades.
Joint Life Option Cover Your Spouse Too
Health-related responsibilities often involve more than one person in the family. The Joint Life Option allows you to include your spouse in the same policy. This means one policy, two lives covered at a nominal extra cost.
This is particularly helpful if you and your spouse both contribute to the household income or share long-term financial responsibilities like EMIs, children’s education, or elder care.
Accident Cover Optional but Worth It
You can also opt for additional accidental death cover. If the policyholder dies due to an accident, the plan pays an extra amount on top of the base sum assured. This amount can go up to ₹1 crore (with limits defined based on your base sum assured).
This is especially relevant in today’s world, where travel, commuting, and work-related mobility have increased. A sudden accident can impact your family’s financial well-being, and this rider adds a much-needed layer of support.
Voluntary Sum Assured Top-Up: Expand Cover As Life Changes
Your health insurance plans needed today may not be the same 10 years from now. That’s why the plan includes a Voluntary Sum Assured Top-Up option. You can increase your life cover up to 100% of your original sum assured during the policy term, subject to underwriting.
This flexibility is valuable if your financial responsibilities grow, you take a home loan, have a child, or expand your business.
Conclusions
Axis Max Life’s Smart Secure Plus Plan offers more than just a standard health insurance plan. The health-related benefits of this plan make it a comprehensive protection tool. With features including critical illness and disability rider, terminal illness payout, premium breaks and return of premiums, it helps you a lot to plan a proper way without any problem.
However, check thoroughly before going for any plan. Check all the essential requirements and proceed further.
