India, July 16 -- Axis Max Life Insurance Ltd. {formerly known as Max Life Insurance Company Ltd.} ("Axis Max Life"/ "Company"), has launched Axis Max Life Smart Retirement Income with Sustained Earnings Plan [Smart RISE] (UIN: 104N160V01), a retirement product that combines guaranteed annuity component with a benchmark-linked component tied to the NIFTY 50 Index, allowing customers to secure stable retirement income while leveraging growth potential.

The plan allows policyholder to customize their retirement timeline by selecting a deferment period, during which no annuity is payable. Upon the completion of this deferment phase, the annuitant begins receiving regular payouts. The payouts comprise of the following components:

Vaibhav Ku...