Axis Max Life Insurance Ltd. (Axis Max Life) launches Smart RISE retirement plan with guaranteed and NIFTY 50-linked variable annuity

Exam-focused facts from the 17 July 2026 current affairs briefing.

Key facts

Axis Max Life Insurance Ltd. (Axis Max Life) has launched the Smart Retirement Income with Sustained Earnings Plan (Smart RISE) with UIN 104N160V01.
The plan combines a guaranteed annuity component with a variable annuity linked to the NIFTY 50 Index.
Policyholders can choose a deferment period during which no annuity is payable, after which regular payouts begin.
The guaranteed annuity provides a fixed income stream throughout the policy term, while the variable annuity offers market-linked upside.
In case of the annuitant's death, the plan provides a Return of Purchase Price to the nominees.
Axis Max Life recorded a gross written premium of INR 38,877 crore for FY2025-26.