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Get Axis Magnus or Axis Atlas LTF via Policy

Does Magnus burgundy have spend based criteria for lounge access?
Yes. 50k in past 3 months. I had M4B for a year with 10k joining fee, offset by Luxe vouchers. It makes sense only if you hit 1.5L+ spends frequently (keep in mind the exclusions). Closed it before renewal fees and got Atlas. Atlas is uncomplicated and value for money, IMO
 
A sales agent told me that he can provide Axis Magnus or Axis Atlas on LTF basis , If I buy an Insurance plan from him.

Is it really possible ?

He mentioned that the premium is required to be paid only once and gives me a cover of 15 Lakh for 1 Year.

at present I hold Axis Select , Flipkart and Myzone All LTF basis with credit limit of 10 Lakh.
What the amount of the plan?
 
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