AXIS MAXLIFE INSURANCE COMPANY LIMITED

Registered Office: 419, Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab -144533

01st Feb 2025

“Agency Circular No. 73”
Commission Schedule

To,

All Axis Max Life Insurance Advisors

This circular on the commission schedule replaces Agency Circular No.72 of the Agent Handbook.

Entitlement to Commission:

The Agent (Advisor) will be entitled to commissions on proposals sourced by him in respect of which the premiums have
been duly collected and remitted by him to Axis Max Life and the same have been received and accepted by Axis Max Life
and Axis Max Life has issued the policy against such proposals.

This entitlement to commission (if any) shall be subject to the provisions of applicable insurance laws, the terms of the Agent
appointment letter, circulars issued from time to time and the provisions detailed in this schedule of commission and all
amendments made in respect thereof.

SCHEDULE 1
Renewal Commission applicable to Life
Renewal Commission for Advisor Advisor/Sr. Life Advisor/Ace Life
Base Advisor
Product Name Variant
FYC###
For Year 2 For Year 4 Year 6 For Year 2 For Year 4 Year 6
&3 &5 onwards &3 &5 onwards

6 Pay 12.60% 2.00% 2.00% 2.00% 4% 4% 4%

Smart Wealth Income 8 Pay 16.80% 2.00% 2.00% 2.00% 4% 4% 4%
Plan
10 Pay 21.00% 2.00% 2.00% 2.00% 4% 4% 4%
(without Policy
Continuance Benefit) 12 Pay 24.50% 2.00% 2.00% 2.00% 4% 4% 4%
15 Pay 24.50% 2.00% 2.00% 2.00% 4% 4% 4%
6 Pay 12.60% 2.00% 2.00% 2.00% 4% 4% 4%
Smart Wealth Income 8 Pay 16.80% 2.00% 2.00% 2.00% 4% 4% 4%
Plan
10 Pay 21.00% 2.00% 2.00% 2.00% 4% 4% 4%
(with Policy
Continuance Benefit) 12 Pay 24.50% 2.00% 2.00% 2.00% 4% 4% 4%
15 Pay 24.50% 2.00% 2.00% 2.00% 4% 4% 4%
6 Pay 8.40% 1.00% 1.00% 1.00% 2% 2% 2%
8 Pay 11.00% 1.00% 1.00% 1.00% 2% 2% 2%
Monthly Income
10 Pay 14.00% 1.00% 1.00% 1.00% 2% 2% 2%
Advantage Plan
12 Pay 17.50% 1.00% 1.00% 1.00% 2% 2% 2%
15 Pay 21.00% 1.00% 1.00% 1.00% 2% 2% 2%
Smart Wealth 5 Pay AFYP
2.72% 0.50% 0.50% NA 1% 1% NA
Advantage Guarantee <1,00,000
Wealth For Milestone 5 Pay AFYP
6.79% 0.50% 0.50% NA 1% 1% NA
(Variant 1) >=1,00,000
 6 Pay AFYP
3.29% 0.50% 0.50% NA 1% 1% NA
<1,00,000
6 Pay AFYP
8.22% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
8 Pay AFYP
8.86% 0.50% 0.50% NA 1% 1% NA
<1,00,000
8 Pay AFYP
11.07% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
10 Pay AFYP
12.42% 0.50% 0.50% NA 1% 1% NA
<1,00,000
10 Pay AFYP
15.53% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
12 Pay AFYP
19.26% 0.50% 0.50% NA 1% 1% NA
<1,00,000
12 Pay AFYP
19.26% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
Single Pay 1.40% NA NA NA NA NA NA
5 Pay AFYP
2.70% 0.50% 0.50% NA 1% 1% NA
<1,00,000
5 Pay AFYP
6.74% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
6 Pay AFYP
3.24% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
6 Pay AFYP
8.09% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
Smart Wealth 8 Pay AFYP
4.00% 0.50% 0.50% 0.50% 1% 1% 1%
Advantage Guarantee <1,00,000
Regular Wealth 8 Pay AFYP
10.00% 0.50% 0.50% 0.50% 1% 1% 1%
(Variant 2) >=1,00,000
10 Pay AFYP
10.78% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
10 Pay AFYP
13.48% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
12 Pay AFYP
16.80% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
12 Pay AFYP
21.00% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
5 Pay AFYP
5.95% 0.50% 0.50% NA 1% 1% NA
<1,00,000
5 Pay AFYP
7.44% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
6 Pay AFYP
6.00% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
6 Pay AFYP
7.50% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
Smart Wealth 8 Pay AFYP
8.00% 0.50% 0.50% 0.50% 1% 1% 1%
Advantage Guarantee <1,00,000
Variants 3 (Long Term 8 Pay AFYP
10.00% 0.50% 0.50% 0.50% 1% 1% 1%
Wealth ) >=1,00,000
10 Pay AFYP
12.00% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
10 Pay AFYP
15.00% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
12 Pay AFYP
15.20% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
12 Pay AFYP
19.00% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
 5 Pay AFYP
5.60% 0.50% 0.50% NA 1% 1% NA
<1,00,000
5 Pay AFYP
7.00% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
6 Pay AFYP
8.00% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
6 Pay AFYP
10.00% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
Smart Wealth 8 Pay AFYP
10.00% 0.50% 0.50% 0.50% 1% 1% 1%
Advantage Guarantee <1,00,000
Variants 5 (Life Long 8 Pay AFYP
12.50% 0.50% 0.50% 0.50% 1% 1% 1%
Wealth(Whole Life) >=1,00,000
10 Pay AFYP
11.20% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
10 Pay AFYP
14.00% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
12 Pay AFYP
13.44% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
12 Pay AFYP
16.80% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
5 Pay AFYP
5.60% 0.50% 0.50% NA 1% 1% NA
<1,00,000
5 Pay AFYP
7.00% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
6 Pay AFYP
6.72% 0.50% 0.50% 0.50% 1% 1% 1%*
<1,00,000
6 Pay AFYP
8.40% 0.50% 0.50% 0.50% 1% 1% 1%*
>=1,00,000
7 Pay AFYP
7.84% 0.50% 0.50% 0.50% 1% 1% 1%*
<1,00,000
7 Pay AFYP
9.80% 0.50% 0.50% 0.50% 1% 1% 1%*
>=1,00,000
Smart Wealth
8 Pay AFYP
Advantage Guarantee 10.00% 0.50% 0.50% 0.50% 1% 1% 1%*
<1,00,000
Variant 4 (Early
8 Pay AFYP
Wealth - Income 12.50% 0.50% 0.50% 0.50% 1% 1% 1%*
>=1,00,000
starting 1st Year)
10 Pay AFYP
12.00% 0.50% 0.50% 0.50% 1% 1% 1%*
<1,00,000
10 Pay AFYP
15.00% 0.50% 0.50% 0.50% 1% 1% 1%*
>=1,00,000
12 Pay AFYP
14.40% 1.00% 1.00% 1% 2% 2% 2%*
<1,00,000
12 Pay AFYP
18.00% 1.00% 1.00% 1% 2% 2% 2%*
>=1,00,000
15 Pay AFYP
19.29% 1.00% 1.00% 1% 2% 2% 2%*
<1,00,000
15 Pay AFYP
22.50% 1.00% 1.00% 1% 2% 2% 2%*
>=1,00,000
10 AFYP Pay
5.39%
<1,00,000
0.50% 0.50% NA*** 1% 1% NA***
Smart Wealth 10 AFYP Pay
6.74%
>=1,00,000
Advantage Guarantee
(Early Wealth - Income 12/15/20 Pay
6.30% 0.50% 0.50% NA*** 1% 1% NA***
starting 5th Year) AFYP <1,00,000
12/15/20 AFYP
7.88% 0.50% 0.50% NA*** 1% 1% NA***
Pay >=1,00,000
 12 Pay AFYP
8.82% 0.50% 0.50% NA*** 1% 1% NA***
<1,00,000
15/20 Pay AFYP
9.80% 0.50% 0.50% 0.5%*** 1% 1% 1%***
<1,00,000
12 Pay AFYP
1,00,000 – 11.03%
Smart Wealth
1,49,999
Advantage Guarantee 0.50% 0.50% 0.5%*** 1% 1% 1%***
15/20 Pay AFYP
(Early Wealth - Income
1,00,000 – 12.25%
starting 7th Year)
1,49,999
12 Pay AFYP
13.23% 0.50% 0.50% 0.5%*** 1% 1% 1%***
>=1,50,000
15 / 20 Pay
AFYP 19.60% 0.50% 0.50% 0.5%*** 1% 1% 1%***
>=1,50,000
15/20 Pay AFYP
14.00% 0.50% 0.50% 0.5%*** 1% 1% 1%***
<1,00,000
Smart Wealth
15/20 Pay AFYP
Advantage Guarantee
1,00,000- 17.50% 0.50% 0.50% 0.5%*** 1% 1% 1%***
(Early Wealth - Income
1,49,999
starting 10th Year)
15/20 Pay AFYP
24.50% 0.50% 0.50% 0.5%*** 1% 1% 1%***
>=1,50,000
5 Pay 2.95% 0.50% 0.50% NA 1% 1% NA
Smart Wealth Plan - 8 Pay 4.59% 0.50% 0.50% NA 1% 1% NA
Lump sum 10 Pay 6.33% 0.50% 0.50% NA 1% 1% NA
12 Pay 8.40% 0.50% 0.50% NA 1% 1% NA
6 Pay 2.00% 0.50% 0.50% 0.50% 1% 1% 1%
Smart Wealth Plan - 8 Pay 4.20% 0.50% 0.50% 0.50% 1% 1% 1%
Short Term Income 10 Pay 5.60% 1.00% 1.00% 1.00% 2% 2% 2%
12 Pay 6.72% 1.00% 1.00% 1.00% 2% 2% 2%
6 Pay 2.00% 0.50% 0.50% 0.50% 1% 1% 1%
Smart Wealth Plan - 8 Pay 4.20% 0.50% 0.50% 0.50% 1% 1% 1%
Long Term Income 10 Pay 5.60% 1.00% 1.00% 1.00% 2% 2% 2%
12 Pay 6.89% 1.00% 1.00% 1.00% 2% 2% 2%
Single Pay 1.40% NA NA NA NA NA NA
Smart Wealth Plan
Whole Life Income 6Pay <1,00,000 4.40% 0.50% 0.50% 0.50% 1% 1% 1%
(Variant 4) 6Pay
6.60% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
Whole Life Super 10 Pay 21.00% 3.8% 2.5% 2.5% 7.50% 5% 5%
5 Pay 9.00% 3.8% 2.5% 2.5% 7.50% 5% 5%
6 Pay 12.60% 3.8% 2.5% 2.5% 7.50% 5% 5%
7 Pay 14.70% 3.8% 2.5% 2.5% 7.50% 5% 5%
8 Pay 16.80% 3.8% 2.5% 2.5% 7.50% 5% 5%
Savings Advantage
9 Pay 18.90% 3.8% 2.5% 2.5% 7.50% 5% 5%
Plan
10 Pay 21.00% 3.8% 2.5% 2.5% 7.50% 5% 5%
11 Pay 23.10% 3.8% 2.5% 2.5% 7.50% 5% 5%
12 Pay 24.50% 3.8% 2.5% 2.5% 7.50% 5% 5%
Regular Pay 24.50% 3.8% 3.8% 3.8% 7.50% 7.50% 7.50%
 Single Pay 1.40% NA NA NA NA NA NA
Guaranteed Life Time
Single Pay 1.40% NA NA NA NA NA NA
Income Plan #
Guaranteed Life Time
Limited Pay 5.25% 1.00% 1.00% 1.00% 2% 2% 2%
Income Plan**
Saral Pension Plan Single Pay 1.40% NA NA NA NA NA NA
5 Pay 4.90% 0.50% 0.50% NA 1% 1% NA
Smart Flexi Protect
10 Pay 7.00% 0.50% 0.50% 0.50% 1% 1% 1%
Solution *
15 Pay 10.50% 0.50% 0.50% 0.50% 1% 1% 1%
Single Pay 1.40% NA NA NA NA NA NA
Yr Yr Yr Yr
Platinum Wealth Plan1 5 Pay/ 1.38% 2.75% 2.75% 5.50%
2 4 2 4
0.88% 3.75% 7.50%
Yr Yr Yr Yr
Regular Pay 2.00% 3.50% 4.00% 7.00%
3 5 3 5
Single Pay 1.40% NA NA NA NA NA NA
Limited &
Flexi Wealth Plan Regular Pay1 *
(Wealth & 3.50% 0.50% 0.50% 0.50% 1% 1% 1%
Whole Life
Variant)
Single Pay 1.40% NA NA NA NA NA NA
Flexi Wealth Limited &
Advantage Plan Regular Pay
(Wealth & Whole Life
3.50% 0.50% 0.50% 0.50% 1% 1% 1%
Variant)

Single Pay 1.40% NA NA NA NA NA NA

Fast Track Super1 5 Pay 3.50% 0.50% 0.50% NA 1% 1% NA
Regular Pay 3.50% 0.50% 0.50% 0.50% 1% 1% 1%
5 Pay
Annual 3.50% 0.50% 0.50% NA 1% 1% NA
Premium <
75,000
5 Pay
Annual 5.60% 0.50% 0.50% NA 1% 1% NA
Premium >=
75,000
Shiksha Plus Super1
Regular Pay
Annual 3.50% 0.50% 0.50% 0.50% 1% 1% 1%
Premium <
75,000
Regular Pay
Annual 5.60% 0.50% 0.50% 0.50% 1% 1% 1%
Premium >=
75,000
Term Plus Rider All variants 28.00% 2.50% 2.50% 2.50% 5% 5% 5%
Accidental Death and
All variants 28.00% 2.50% 2.50% 2.50% 5% 5% 5%
Dismemberment Rider
Critical Illness and
All variants 28.00% 2.50% 2.50% 2.50% 5% 5% 5%
Disability Rider
Waiver of Premium
All Variants 28.00% 2.50% 2.50% 2.50% 5% 5% 5%
Plus Rider*
 Single Pay 3.50% NA NA 0.00% N.A. N.A.
2.50% in Year4 5.00% in Year4
5 Pay 17.50% 2.50% 0% from Year 5 5%
0% from Year 5 onwards
onwards
Saral Jeevan Bima 2.50% in Year4 5.00% in Year4
10 Pay 21.00% 2.50% 0% from Year 5 5%
0% from Year 5 onwards
onwards
2.50% in Year4 5.00% in Year4
Regular Pay 28.00% 2.50% 0% from Year 5 5%
0% from Year 5 onwards
onwards
Single Pay 3.50% NA NA NA NA NA NA
5 Pay 10.50% 2.50% 2.50% 2.50% 5% 5% 5%
10 Pay 21.00% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Total Elite
12 Pay 23.00% 2.50% 2.50% 2.50% 5% 5% 5%
Protection Plan(STEP)
15 Pay 24.50% 2.50% 2.50% 2.50% 5% 5% 5%
Pay till 60 25.20% 2.50% 2.50% 2.50% 5% 5% 5%
Regular Pay 17.50% 2.50% 2.50% 2.50% 5% 5% 5%
Single Pay 3.50% NA NA NA NA NA NA
5 Pay 15.00% 2.50% 2.50% 2.50% 5% 5% 5%
10 Pay 21.00% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Secure Plus Plan
12 Pay 24.50% 2.50% 2.50% 2.50% 5% 5% 5%
-(Non TROP)
15 Pay 25.20% 2.50% 2.50% 2.50% 5% 5% 5%
Pay till 60 25.00% 2.50% 2.50% 2.50% 5% 5% 5%
Regular Pay 17.50% 2.50% 2.50% 2.50% 5% 5% 5%
Single Pay 1.40% NA NA NA N.A. NA NA
5 Pay 10.50% 2.50% 2.50% 2.50% 5% 5% 5%
10 Pay 21.00% 2.50% 2.50% 2.50% 5% 5% 5%
12 Pay 22.00% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Secure Plus Plan 15 Pay 22.00% 2.50% 2.50% 2.50% 5% 5% 5%
-(TROP) Pay till 60 22.00% 2.50% 2.50% 2.50% 5% 5% 5%
Regular Pay 10
18.86% 2.50% 2.50% 2.50% 5% 5% 5%
P 10
Regular Pay 11
20.74% 2.50% 2.50% 2.50% 5% 5% 5%
P 11
Regular Pay 22.00% 2.50% 2.50% 2.50% 5% 5% 5%
6 Pay 12.60% 2.00% 2.00% 2.00% 4% 4% 4%
Smart Wealth
7 Pay 14.70% 2.00% 2.00% 2.00% 4% 4% 4%
Advantage Growth
Plan 8 Pay 16.80% 2.00% 2.00% 2.00% 4% 4% 4%
(without Policy 10 Pay 21.00% 2.00% 2.00% 2.00% 4% 4% 4%
Continuance Benefit)
12 Pay 24.50% 2.00% 2.00% 2.00% 4% 4% 4%
6 Pay 12.60% 2.00% 2.00% 2.00% 4% 4% 4%
Smart Wealth
Advantage Growth 7 Pay 14.70% 2.00% 2.00% 2.00% 4% 4% 4%
Plan (with Policy 8 Pay 16.80% 2.00% 2.00% 2.00% 4% 4% 4%
Continuance Benefit)
10 Pay 21.00% 2.00% 2.00% 2.00% 4% 4% 4%
 12 Pay 24.50% 2.00% 2.00% 2.00% 4% 4% 4%
5 Pay 10.50% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%

Smart Wealth 6 Pay 12.60% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Advantage Guarantee 8 Pay 16.80% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Elite Plan
10 Pay 21.00% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
12 Pay 24.50% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Smart Wealth Annuity Single Pay 1.40% NA NA NA NA NA NA
Guaranteed Pension
Plan Limited Pay 5.25% 1.00% 1.00% 1.00% 2% 2% 2%
Smart Ultra Protect
Single Pay 5.25% NA NA NA NA NA NA
Rider suite: All riders
2.10%*
5-9 Pay 3.75% 3.75% 3.75% 7.50% 7.50% 7.50%
PPT
Smart Ultra Protect
Rider suite: All riders 10 Pay 21.00% 3.75% 3.75% 3.75% 7.50% 7.50% 7.50%
(Limited Pay & Regular 11 Pay 23.10% 3.75% 3.75% 3.75% 7.50% 7.50% 7.50%
Pay) Max FYC 24.5%
12 Pay and
24.50% 3.75% 3.75% 3.75% 7.50% 7.50% 7.50%
above
Smart Ultra Protect
Rider suite: All riders Single Pay 1.40% NA NA NA NA NA NA
with ROP
2.10%*
5-9 Pay 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Smart Ultra Protect PPT
Rider suite: All riders 10 Pay 21.00% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
with ROP
(Limited Pay & Regular 11 Pay 23.10% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Pay) Max FYC 24.5% 12 Pay and
24.50% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
above
8 10.00% 1.40% 1.40% 1.40% 2% 2% 2%
10 10.00% 1.40% 1.40% 1.40% 2% 2% 2%
SEWA- Elite
12 15.00% 1.40% 1.40% 1.40% 2% 2% 2%
15 18.00% 1.40% 1.40% 1.40% 2% 2% 2%
5 10.00% 1.40% 1.40% NA 2% 2% NA
SEWA Lite- Limited 10 17.50% 1.40% 1.40% 1.40% 2% 2% 2%
Pay 12 21.00% 1.40% 1.40% 1.40% 2% 2% 2%
15 22.50% 1.40% 1.40% 1.40% 2% 2% 2%
SEWA Lite- Regular 15 22.50% 1.40% 1.40% 1.40% 2% 2% 2%
Pay 20 24.50% 1.40% 1.40% 1.40% 2% 2% 2%
Regular Pay 17.50% 2.50% 2.50% 2.50% 5% 5% 5%
5 Pay 10.50% 2.50% 2.50% 2.50% 5% 5% NA
7 Pay 10.50% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Term Plan Plus
10 Pay 21.00% 2.50% 2.50% 2.50% 5% 5% 5%
(Non-TROP)
12 Pay 23.00% 2.50% 2.50% 2.50% 5% 5% 5%
15 Pay 24.50% 2.50% 2.50% 2.50% 5% 5% 5%
Pay till 60 25.20% 2.50% 2.50% 2.50% 5% 5% 5%
Single Pay 1.40% NA NA NA NA NA NA
Smart Term Plan Plus
5 Pay 10.50% 2.50% 2.50% 2.50% 5% 5% NA
(TROP)
7 PAY 15.00% 2.50% 2.50% 2.50% 5% 5% 5%
 10 Pay 21.00% 2.50% 2.50% 2.50% 5% 5% 5%
12 Pay 22.00% 2.50% 2.50% 2.50% 5% 5% 5%
15 Pay 22.00% 2.50% 2.50% 2.50% 5% 5% 5%
Pay till 60 22.00% 2.50% 2.50% 2.50% 5% 5% 5%
Regular Pay 10
18.86% 2.50% 2.50% 2.50% 5% 5% 5%
P 10
Regular Pay 11
20.74% 2.50% 2.50% 2.50% 5% 5% 5%
P 11
Regular Pay 22.00% 2.50% 2.50% 2.50% 5% 5% 5%

1
No Renewal commission is payable year 10 onwards.
# Applicable for both Immediate & Deferred Annuity.
* Renewal commission is payable till the Premium Payment Term (PPT) or 10 years, whichever is earlier
** Renewal Commission is payable during the PPT
*** Smart Wealth Advantage Guarantee - In Early Income with Income starting 5th,7th,10th year, the renewal commission is
applicable till income start year

FOR GROUP PRODUCTS

Product Name Commission

The commission rates payable under this product would be 0.1% on Initial
Axis Max Life Group Gratuity Premier
Contributions and subsequent new Contributions subject to a maximum of
Plan
Rs 1 Lac per annum
5% of Premium subject to a maximum of Rs 10,00,000/- per scheme
Axis Max Life Group Super Life Premier
including commission on base plan and on all attaching riders
Axis Max Life Group Credit Life Secure
5% of Premium without any maximum limit
Plan
Axis Max Life Group Accelerated Terminal 5% subject to Maximum of Rs 10,00,000 per scheme including
Illness Rider commission on base plan and on all attached riders
Axis Max Life Group Critical Illness 5% subject to Maximum of Rs 10,00,000 per scheme including
(Additional Benefit) Premier Rider commission on base plan and on all attached riders
Axis Max Life Group Total and Permanent 5% subject to Maximum of Rs 10,00,000 per scheme including
Disability (Accident) Premier Rider commission on base plan and on all attached riders
Axis Max Life Group Accidental Death 5% subject to Maximum of Rs 10,00,000 per scheme including
Benefit Premier Rider commission on base plan and on all attached riders
Axis Max Life Group Credit Life Premier
2% of Premium subject to a maximum of Rs 200,000/- per scheme
Plan
Axis Max Life Group Term Life Platinum 5% subject to Maximum of Rs 10,00,000 per scheme including
Assurance commission on base plan and on all attached riders
Axis Max Life Group Critical Illness
5% of Premium without any maximum limit
Secure (Accelerated Benefit) Rider

* PMJJBY Commission June, Jul, Sep, Oct, Dec, Jan, Mar, Apr,
& Admin charges Aug (in Rs) Nov (in Rs) Feb (in Rs) May (in Rs)
Axis Max Life Pradhan Administration charges 11 10.5 7 3.5
Mantri Jeevan Jyoti Bima
Yojana* Commission charges 30 22.5 15 7.5
FOR CEIP POLICIES:

SCHEDULE 1
Renewal Commission for Advisor RYC applicable to LA/SLA/ALA
Product Base
Variant For Year 2 For Year 4 For Year 2 & For Year 4 Year 6
Name/Option FYC### Year 6 onwards
&3 &5 3 &5 onwards

6 Pay 10.71% 2.00% 2.00% 2.00% 4% 4% 4%

Smart Wealth
Income Plan 8 Pay 14.28% 2.00% 2.00% 2.00% 4% 4% 4%
(without Policy 10 Pay 16.00% 2.00% 2.00% 2.00% 4% 4% 4%
Continuance 12 Pay 19.50% 2.00% 2.00% 2.00% 4% 4% 4%
Benefit)
15 Pay 19.50% 2.00% 2.00% 2.00% 4% 4% 4%
6 Pay 10.71% 2.00% 2.00% 2.00% 4% 4% 4%
Smart Wealth
Income Plan 8 Pay 14.28% 2.00% 2.00% 2.00% 4% 4% 4%
(with Policy 10 Pay 16.00% 2.00% 2.00% 2.00% 4% 4% 4%
Continuance
12 Pay 19.50% 2.00% 2.00% 2.00% 4% 4% 4%
Benefit)
15 Pay 19.50% 2.00% 2.00% 2.00% 4% 4% 4%
6 Pay 7.14% 1.00% 1.00% 1.00% 2% 2% 2%
8 Pay 9.35% 1.00% 1.00% 1.00% 2% 2% 2%
Monthly Income
10 Pay 11.90% 1.00% 1.00% 1.00% 2% 2% 2%
Advantage Plan
12 Pay 14.88% 1.00% 1.00% 1.00% 2% 2% 2%
15 Pay 16.00% 1.00% 1.00% 1.00% 2% 2% 2%
5 Pay AFYP
2.31% 0.50% 0.50% NA 1% 1% NA
<1,00,000
5 Pay AFYP
5.77% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
6 Pay AFYP
2.80% 0.50% 0.50% NA 1% 1% NA
<1,00,000
6 Pay AFYP
6.99% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
8 Pay AFYP
7.53% 0.50% 0.50% NA 1% 1% NA
Smart Wealth <1,00,000
Advantage 8 Pay AFYP
9.41% 0.50% 0.50% NA 1% 1% NA
Guarantee >=1,00,000
Wealth For 10 Pay
Milestone AFYP 10.56% 0.50% 0.50% NA 1% 1% NA
(Variant 1) <1,00,000
10 Pay
AFYP 13.20% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
12 Pay
AFYP 16.37% 0.50% 0.50% NA 1% 1% NA
<1,00,000
12 Pay
AFYP 16.37% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
 Single Pay 1.19% NA NA NA NA NA NA
5 Pay AFYP
2.30% 0.50% 0.50% NA 1% 1% NA
<1,00,000
5 Pay AFYP
5.73% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
6 Pay AFYP
2.75% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
6 Pay AFYP
6.88% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
8 Pay AFYP
3.40% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
Smart Wealth
8 Pay AFYP
Advantage 8.50% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
Guarantee
10 Pay
Regular Wealth
AFYP 9.16% 1.00% 1.00% 1.00% 2% 2% 2%
(Variant 2)
<1,00,000
10 Pay
AFYP 11.46% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
12 Pay
AFYP 14.28% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
12 Pay
AFYP 16.00% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
5 Pay AFYP
5.06% 0.50% 0.50% NA 1% 1% NA
<1,00,000
5 Pay AFYP
6.32% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
6 Pay AFYP
5.10% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
6 Pay AFYP
6.38% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
8 Pay AFYP
6.80% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
Smart Wealth
8 Pay AFYP
Advantage 8.50% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
Guarantee
10 Pay
Variants 3 (Long
AFYP 10.20% 1.00% 1.00% 1.00% 2% 2% 2%
Term Wealth )
<1,00,000
10 Pay
AFYP 12.75% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
12 Pay
AFYP 12.92% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
12 Pay
AFYP 16.15% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
5 Pay AFYP
Smart Wealth 4.76% 0.50% 0.50% NA 1% 1% NA
<1,00,000
Advantage
5 Pay AFYP
Guarantee 5.95% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
Variants 5 (Life
6 Pay AFYP
Long 6.80% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
Wealth(Whole
6 Pay AFYP
Life) 8.50% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
 8 Pay AFYP
8.50% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
8 Pay AFYP
10.63% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
10 Pay
AFYP 9.52% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
10 Pay
AFYP 11.90% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
12 Pay
AFYP 11.42% 1.00% 1.00% 1.00% 2% 2% 2%
<1,00,000
12 Pay
AFYP 14.28% 1.00% 1.00% 1.00% 2% 2% 2%
>=1,00,000
5 Pay AFYP
4.76% 0.50% 0.50% NA 1% 1% NA
<1,00,000
5 Pay AFYP
5.95% 0.50% 0.50% NA 1% 1% NA
>=1,00,000
6 Pay AFYP
5.71% 0.50% 0.50% 0.50% 1% 1% 1%*
<1,00,000
6 Pay AFYP
7.14% 0.50% 0.50% 0.50% 1% 1% 1%*
>=1,00,000
7 Pay AFYP
6.66% 0.50% 0.50% 0.50% 1% 1% 1%*
<1,00,000
7 Pay AFYP
8.33% 0.50% 0.50% 0.50% 1% 1% 1%*
>=1,00,000
8 Pay AFYP
8.50% 0.50% 0.50% 0.50% 1% 1% 1%*
<1,00,000
Smart Wealth
8 Pay AFYP
Advantage 10.63% 0.50% 0.50% 0.50% 1% 1% 1%*
>=1,00,000
Guarantee
10 Pay
Variant 4 (Early
AFYP 10.20% 0.50% 0.50% 0.50% 1% 1% 1%*
Wealth - Income
<1,00,000
starting 1st
Year) 10 Pay
AFYP 12.75% 0.50% 0.50% 0.50% 1% 1% 1%*
>=1,00,000
12 Pay
AFYP 12.24% 1.00% 1.00% 1% 2% 2% 2%*
<1,00,000
12 Pay
AFYP 15.30% 1.00% 1.00% 1% 2% 2% 2%*
>=1,00,000
15 Pay
AFYP 16.40% 1.00% 1.00% 1% 2% 2% 2%*
<1,00,000
15 Pay
AFYP 17.50% 1.00% 1.00% 1% 2% 2% 2%*
>=1,00,000
10 AFYP
Smart Wealth Pay 4.58%
Advantage <1,00,000
Guarantee (Early 0.50% 0.50% NA*** 1% 1% NA***
10 AFYP
Wealth - Income Pay 5.73%
starting 5th >=1,00,000
Year)
12/15/20 5.36% 0.50% 0.50% NA*** 1% 1% NA***
 Pay AFYP
<1,00,000
12/15/20
AFYP Pay 6.70% 0.50% 0.50% NA*** 1% 1% NA***
>=1,00,000
12 Pay
AFYP 7.50% 0.50% 0.50% NA*** 1% 1% NA***
<1,00,000
15/20 Pay
AFYP 8.33% 0.50% 0.50% 0.5%*** 1% 1% 1%***
<1,00,000
12 Pay
Smart Wealth AFYP
9.38%
Advantage 1,00,000 –
Guarantee (Early 1,49,999
0.50% 0.50% 0.5%*** 1% 1% 1%***
Wealth - Income 15/20 Pay
starting 7th AFYP
10.41%
Year) 1,00,000 –
1,49,999
12 Pay
AFYP 11.25% 0.50% 0.50% 0.5%*** 1% 1% 1%***
>=1,50,000
15 / 20
Pay AFYP 16.66% 0.50% 0.50% 0.5%*** 1% 1% 1%***
>=1,50,000
15/20 Pay
AFYP 11.90% 0.50% 0.50% 0.5%*** 1% 1% 1%***
Smart Wealth <1,00,000
Advantage 15/20 Pay
Guarantee (Early AFYP
14.88% 0.50% 0.50% 0.5%*** 1% 1% 1%***
Wealth - Income 1,00,000-
starting 10th 1,49,999
Year) 15/20 Pay
AFYP 19.50% 0.50% 0.50% 0.5%*** 1% 1% 1%***
>=1,50,000
5 Pay 2.51% 0.50% 0.50% NA 1% 1% NA
Smart Wealth 8 Pay 3.90% 0.50% 0.50% NA 1% 1% NA
Plan - Lump sum 10 Pay 5.38% 0.50% 0.50% NA 1% 1% NA
12 Pay 7.14% 0.50% 0.50% NA 1% 1% NA
6 Pay 1.70% 0.50% 0.50% 0.50% 1% 1% 1%
Smart Wealth 8 Pay 3.57% 0.50% 0.50% 0.50% 1% 1% 1%
Plan - Short
Term Income 10 Pay 4.76% 1.00% 1.00% 1.00% 2% 2% 2%
12 Pay 5.71% 1.00% 1.00% 1.00% 2% 2% 2%
6 Pay 1.70% 0.50% 0.50% 0.50% 1% 1% 1%
Smart Wealth 8 Pay 3.57% 0.50% 0.50% 0.50% 1% 1% 1%
Plan - Long Term
Income 10 Pay 4.76% 1.00% 1.00% 1.00% 2% 2% 2%
12 Pay 5.86% 1.00% 1.00% 1.00% 2% 2% 2%
Smart Wealth Single Pay 1.19% NA NA NA NA NA NA
Plan 6Pay
Whole Life 3.74% 0.50% 0.50% 0.50% 1% 1% 1%
<1,00,000
Income (Variant 6Pay
4) 5.61% 0.50% 0.50% 0.50% 1% 1% 1%
>=1,00,000
 Whole Life
10 Pay 16.00% 3.8% 2.5% 2.5% 7.50% 5% 5%
Super
5 Pay 7.65% 3.8% 2.5% 2.5% 7.50% 5% 5%
6 Pay 10.71% 3.8% 2.5% 2.5% 7.50% 5% 5%
7 Pay 12.50% 3.8% 2.5% 2.5% 7.50% 5% 5%
8 Pay 14.28% 3.8% 2.5% 2.5% 7.50% 5% 5%
9 Pay 16.07% 3.8% 2.5% 2.5% 7.50% 5% 5%
Savings
Advantage Plan 10 Pay 16.00% 3.8% 2.5% 2.5% 7.50% 5% 5%
11 Pay 18.10% 3.8% 2.5% 2.5% 7.50% 5% 5%
12 Pay 19.50% 3.8% 2.5% 2.5% 7.50% 5% 5%
Regular
19.50% 3.8% 3.8% 3.8% 7.50% 7.50% 7.50%
Pay
Single Pay 1.19% NA NA NA NA NA NA
Guaranteed Life
Time Income Single Pay 1.19% NA NA NA NA NA NA
Plan #
Guaranteed Life
Limited
Time Income 4.46% 1.00% 1.00% 1.00% 2% 2% 2%
Pay
Plan**
Saral Pension
Single Pay 1.19% NA NA NA NA NA NA
Plan
5 Pay 4.17% 0.50% 0.50% NA 1% 1% NA
Smart Flexi
Protect Solution 10 Pay 5.95% 0.50% 0.50% 0.50% 1% 1% 1%
*
15 Pay 8.93% 0.50% 0.50% 0.50% 1% 1% 1%
Single Pay 1.19% NA NA NA NA NA NA
Platinum Wealth Yr Yr Yr
5 Pay/ 1.38% 2.75% Yr 2 2.75% 5.50%
Plan1 2 4 4
0.75% 3.75% 7.50%
Regular Yr Yr Yr
2.00% 3.50% Yr 3 4.00% 7.00%
Pay 3 5 5
Single Pay 1.19% NA NA NA NA NA NA
Limited &
Flexi Wealth Regular
Plan Pay1 *
2.98% 0.50% 0.50% 0.50% 1% 1% 1%
(Wealth &
Whole Life
Variant)
Single Pay 1.19% NA NA NA NA NA NA
Limited &
Flexi Wealth Regular
Advantage Plan Pay
(Wealth &
2.98% 0.50% 0.50% 0.50% 1% 1% 1%
Whole Life
Variant)

Single Pay 1.19% NA NA NA NA NA NA

Fast Track 5 Pay 2.98% 0.50% 0.50% NA 1% 1% NA
Super1
Regular
2.98% 0.50% 0.50% 0.50% 1% 1% 1%
Pay
5 Pay 2.98%
Shiksha Plus
Annual 0.50% 0.50% NA 1% 1% NA
Super1
Premium <
 75,000
5 Pay 4.76%
Annual 0.50% 0.50% NA 1% 1% NA
Premium
>= 75,000
Regular
2.98%
Pay
Annual 0.50% 0.50% 0.50% 1% 1% 1%
Premium <
75,000
Regular
4.76%
Pay
Annual 0.50% 0.50% 0.50% 1% 1% 1%
Premium
>= 75,000
Term Plus Rider All variants 23.00% 2.50% 2.50% 2.50% 5% 5% 5%
Accidental
Death and
All variants 23.00% 2.50% 2.50% 2.50% 5% 5% 5%
Dismemberment
Rider
Critical Illness
and Disability All variants 23.00% 2.50% 2.50% 2.50% 5% 5% 5%
Rider
Waiver of
All
Premium Plus 23.00% 2.50% 2.50% 2.50% 5% 5% 5%
Variants
Rider*
Single Pay 2.98% NA NA 0.00% N.A. N.A.
2.50% in Year4 5.00% in Year4
5 Pay 14.88% 2.50% 5%
0% from Year 5 onwards 0% from Year 5 onwards
Saral Jeevan
2.50% in Year4 5.00% in Year4
Bima 10 Pay 16.00% 2.50% 5%
0% from Year 5 onwards 0% from Year 5 onwards
Regular 2.50% in Year4 5.00% in Year4
23.00% 2.50% 5%
Pay 0% from Year 5 onwards 0% from Year 5 onwards
Single Pay 2.98% NA NA NA NA NA NA
5 Pay 8.93% 2.50% 2.50% 2.50% 5% 5% 5%
10 Pay 16.00% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Total Elite
Protection 12 Pay 18.00% 2.50% 2.50% 2.50% 5% 5% 5%
Plan(STEP) 15 Pay 19.50% 2.50% 2.50% 2.50% 5% 5% 5%
Pay till 60 20.20% 2.50% 2.50% 2.50% 5% 5% 5%
Regular
14.88% 2.50% 2.50% 2.50% 5% 5% 5%
Pay
Single Pay 2.98% NA NA NA NA NA NA
5 Pay 12.75% 2.50% 2.50% 2.50% 5% 5% 5%
10 Pay 16.00% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Secure
Plus Plan -(Non 12 Pay 19.50% 2.50% 2.50% 2.50% 5% 5% 5%
TROP) 15 Pay 20.20% 2.50% 2.50% 2.50% 5% 5% 5%
Pay till 60 20.00% 2.50% 2.50% 2.50% 5% 5% 5%
Regular
14.88% 2.50% 2.50% 2.50% 5% 5% 5%
Pay
 Single Pay 1.19% NA NA NA N.A. NA NA
5 Pay 8.93% 2.50% 2.50% 2.50% 5% 5% 5%
10 Pay 16.00% 2.50% 2.50% 2.50% 5% 5% 5%
12 Pay 17.00% 2.50% 2.50% 2.50% 5% 5% 5%
15 Pay 17.00% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Secure
Pay till 60 17.00% 2.50% 2.50% 2.50% 5% 5% 5%
Plus Plan -
(TROP) Regular
Pay 10 P 16.03% 2.50% 2.50% 2.50% 5% 5% 5%
10
Regular
Pay 11 P 15.74% 2.50% 2.50% 2.50% 5% 5% 5%
11
Regular
17.00% 2.50% 2.50% 2.50% 5% 5% 5%
Pay
Smart Wealth 6 Pay 10.71% 2.00% 2.00% 2.00% 4% 4% 4%
Advantage 7 Pay 12.50% 2.00% 2.00% 2.00% 4% 4% 4%
Growth Plan
8 Pay 14.28% 2.00% 2.00% 2.00% 4% 4% 4%
(with Policy
Continuance 10 Pay 16.00% 2.00% 2.00% 2.00% 4% 4% 4%
Benefit) 12 Pay 19.50% 2.00% 2.00% 2.00% 4% 4% 4%

Smart Wealth 6 Pay 10.71% 2.00% 2.00% 2.00% 4% 4% 4%

Advantage 7 Pay 12.50% 2.00% 2.00% 2.00% 4% 4% 4%
Growth Plan
8 Pay 14.28% 2.00% 2.00% 2.00% 4% 4% 4%
(with Policy
Continuance 10 Pay 16.00% 2.00% 2.00% 2.00% 4% 4% 4%
Benefit) 12 Pay 19.50% 2.00% 2.00% 2.00% 4% 4% 4%
5 Pay 8.93% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Smart Wealth 6 Pay 10.71% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Advantage
8 Pay 14.28% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Guarantee Elite
Plan 10 Pay 16.00% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
12 Pay 19.50% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Smart Wealth Single Pay 1.19% NA NA NA NA NA NA
Annuity
Guaranteed Limited
4.46% 1.00% 1.00% 1.00% 2% 2% 2%
Pension Plan Pay
Smart Ultra
Protect Rider Single Pay 4.46% NA NA NA NA NA NA
suite: All riders
Smart Ultra 1.785%*
5-9 Pay 3.75% 3.75% 3.75% 7.50% 7.50% 7.50%
Protect Rider PPT
suite: All riders 10 Pay 16.00% 3.75% 3.75% 3.75% 7.50% 7.50% 7.50%
(Limited Pay &
Regular Pay ) 11 Pay 18.10% 3.75% 3.75% 3.75% 7.50% 7.50% 7.50%
Max FYC : 12 Pay and
19.50% 3.75% 3.75% 3.75% 7.50% 7.50% 7.50%
19.50% above
Smart Ultra
Protect Rider
Single Pay 1.19% NA NA NA NA NA NA
suite: All riders
with ROP
Smart Ultra 5-9 Pay 1.785%*PPT 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Protect Rider 10 Pay 16.00% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
 suite: All riders 11 Pay 18.10% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
with ROP
(Limited Pay &
Regular Pay ) 12 Pay and
19.50% 1.00% 1.00% 1.00% 2.00% 2.00% 2.00%
Max FYC : above
19.50%
8 8.50% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
10 8.50% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
SEWA- Elite
12 12.75% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
15 15.30% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
5 8.50% 1.40% 1.40% NA 2.00% 2.00% NA
SEWA Lite- 10 14.88% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
Limited Pay 12 16.00% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
15 17.50% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
SEWA Lite- 15 17.50% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
Regular Pay 20 19.50% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00%
Regular
14.88% 2.50% 2.50% 2.50% 5% 5% 5%
Pay
5 Pay 8.93% 2.50% 2.50% 2.50% 5% 5% NA
7 Pay 8.93% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Term Plan
Plus (Non-TROP) 10 Pay 16.00% 2.50% 2.50% 2.50% 5% 5% 5%
12 Pay 18.00% 2.50% 2.50% 2.50% 5% 5% 5%
15 Pay 19.50% 2.50% 2.50% 2.50% 5% 5% 5%
Pay till 60 20.20% 2.50% 2.50% 2.50% 5% 5% 5%
Single Pay 1.19% NA NA NA NA NA NA
5 Pay 8.93% 2.50% 2.50% 2.50% 5% 5% NA
7 PAY 12.75% 2.50% 2.50% 2.50% 5% 5% 5%
10 Pay 16.00% 2.50% 2.50% 2.50% 5% 5% 5%
12 Pay 17.00% 2.50% 2.50% 2.50% 5% 5% 5%
15 Pay 17.00% 2.50% 2.50% 2.50% 5% 5% 5%
Smart Term Plan
Plus (TROP) Pay till 60 17.00% 2.50% 2.50% 2.50% 5% 5% 5%
Regular
Pay 10 P 16.03% 2.50% 2.50% 2.50% 5% 5% 5%
10
Regular
Pay 11 P 15.74% 2.50% 2.50% 2.50% 5% 5% 5%
11
Regular
17.00% 2.50% 2.50% 2.50% 5% 5% 5%
Pay

1
No Renewal commission is payable year 11 onwards.
* Renewal commission is payable till the Premium Payment Term (PPT) or 10 years, whichever is earlier
** Renewal Premium is payable during the PPT
*** Smart Wealth Advantage Guarantee - In Early Income with Income starting 5th,7th,10th year, the renewal commission is
applicable till income start year
# Applicable for both Immediate & Deferred Annuity.
### For ‘Senior Life Advisors’ and ‘Ace Life Advisors’ who are tagged as ‘Priority Advisor’, the first-year Commission (as
specified above) shall be disbursed upon policy issuance, with a condition of subsequent adjustments (after 15 months from
policy issuance) for non-persistent and surrendered policies. For all other Agent’s, the first-year Commission (as specified
above) will be payable in two tranches: (i) 75% upon policy issuance; and (ii) remaining 25% upon the completion of 15
months from policy issuance, subject to adjustments of commission for non-persistent and surrendered policies.

To know more about the details, please get in touch with your respective manager.

Requirements Concerning Commission

1) Subject to Insurance Laws, commission shall be due for payment to the Agent only after the free look period (as
prescribed by the Company) has expired and the policyholder has not made a request to rescind the policy. However,
Company may decide to pay the applicable commission prior to the end of free look period as well.
2) If, for any reason, the Company terminates, rescinds, reforms, modifies or cancels a policy or if any insurance policy is
cancelled within the free look period or thereafter ,for any reasons whatsoever, including due to the Agent soliciting or
procuring an insurance policy contrary to the terms and conditions of the Appointment Letter or intentionally splitting
the policies, then, no commission shall be payable to the Agent and if any commission has already been paid to the
Agent, the same shall either be adjusted against future commission payable to the Agent in accordance with the
Appointment Letter or Agent may be asked to return the same to the Company in full within 30 days of the Agent being
notified of the cancellation.
3) Company may set off /recover any amount, payable/refundable by the Agent, from any sum due to the Agent on account
of any commission or rewards due or any from any other amount payable to me by the Company or otherwise may
recover from any claim amount payable to the Agent under a life insurance policy with the Company.
4) Any adjustment in the premium payable on a policy shall result in corresponding adjustment in the commissions due to
the Agent on such policy.

Procedure for Payment of Commission

Subject to the terms of the appointment letter, Agent handbook and the insurance laws, the procedure and mode of payment
of the commission to the Agent shall be as specified by the Company from time to time.

Others

1) This commission schedule is subject to the insurance laws and in no event the agent shall be entitled for
commission/reward exceeding the regulatory, statutory or File and Use limits or beyond limits prescribed by the
company irrespective the agent qualifies for any contest/scheme. This commission schedule is also subject to
change(s) or modification(s) including in accordance with or pursuant to direction/regulation/order of the IRDAI or
change of law or as per Company scheme or policy. The same shall be binding on the Agent. The Company shall not
be liable to indemnify or compensate the Agent for any loss or damage to the Agent pursuant to any such change or
modification.
2) This commission schedule will also be subject to change as decided by the Company in its sole discretion, in whole
or in part, at any time by way of written notice to the Agent, and the new commission rates, terms and conditions
and rules will then apply as notified by the Company.
3) The decision of the Company with respect to any dispute on the commission amount, commission rates, rewards and
mode of payment of commission, adjustment and deferral, the number of new and renewal of life insurance policies
and other related matters shall be final and binding on the Agent.
4) The payment of commission to the Agent by Axis Max Life shall be subject to any deduction of tax at source, as
may be statutorily required.
5) Commission rates for the products mentioned hereinabove shall be effective from the date of launch of the
respective version of such products irrespective of the date of this commission schedule. For effective date, you may
contact the respective agency manager.
6) Any exceptions will require approval from HOS/HOA
7) For commission rates for the withdrawn products or withdrawn versions of the products, please refer to earlier
commission schedules or contact the respective agency manager.
 Rakesh Pandey
Director & Head - Agency, Agency
Axis Max Life Insurance Company Limited