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Axis Max Life Insurance
Axis Max Life Insurance
Axis Max Life Insurance is a joint venture between Axis Bank and Max Life. Axis Max Life Insurance provides ...Read More
What you get with Axis Max Life Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 33,222.60 crore
Affordable premium options starting from entry-level to comprehensive whole-life protection.
99.68% claim settlement ratio
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
2.01x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
5+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
405 pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
Axis Max Life Insurance: Overview
Axis Max Life Insurance Company is a joint venture between Axis Max Financial Services and Axis Bank. The company provides comprehensive protection and long-term savings life insurance plans such as term insurance plans, retirement plans, unit-linked insurance plans (ULIPs), NRI plans, child insurance plans, and group life insurance plans.
Axis Max Life Insurance Company ensures to look after your insurance needs by offering:
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Affordable premiums
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Flexible policy tenures
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Wide range of insurance solutions
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Choice of premium payment frequency
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Tax savings
Features of Axis Max Life Insurance Plans
Axis Max Life insurance plans are available at affordable premiums so that a large section of customers can easily afford them.
Axis Max Life insurance plans offer flexible policy tenure to the policyholders so that they can choose it as per their requirements.
Axis Max Life insurance plans offer a grace period in case you miss your premium payment. A 15-day grace period is applicable in case of monthly payments, and a 30-day grace period is applicable in case of quarterly, half-yearly, and yearly payments.
You can choose the premium payment frequency from monthly, quarterly, half-yearly, and yearly as per your requirements.
Axis Max Life offers life insurance products for individuals of all age groups.
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Max Life Insurance Plans
Benefits of Axis Max Life Insurance Plans
There are multiple benefits of Axis Max Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.
Choose the sum assured as per your requirements
You can choose the sum assured of your Axis Max Life insurance plan as per your future financial needs and number of dependents at pocket-friendly costs.
Multiple premium payment options
Axis Max Life insurance plans offer multiple premium payment options such as: monthly, quarterly, half-yearly, and yearly.
Wide range of plans
Axis Max Life Insurance Company offers various plans including term insurance plans, ULIP plans, retirement plans, and child plans. You can choose the one that best suits your needs.
Hassle-free purchase
You can purchase Axis Max Life plans hassle-free through PolicyX.com or their nearest branch offices.
Additional protection through riders
You can choose rider options with Axis Max Life Insurance to enhance the overall coverage of your base plan.
Riders You Can Avail With Axis Max Life Insurance Plans
Enhance your life plan with optional add-on riders for broader protection.
Axis Max Life Waiver of Premium
It will waive all future premiums, and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider
Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s demise due to an accident.
Axis Max Life Terminal Illness Rider
Offers financial benefits in case the policyholder is diagnosed with any of the terminal illnesses.
Axis Max Life Total and Permanent Disability Cover
This rider offers financial benefits in case the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider
In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.
What's covered — and what's not
The standard inclusions and exclusions across Axis Max Life Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
✗ Exclusions
- The death that occurred due to any pandemic, such as COVID-19, is not covered by the company.
- Death caused due to indulging in any type of adventure sport.
- Death due to the consumption of any type of drugs or alcohol.
- Death due to any pre-existing disease that isn't mentioned at the start of the max life policy.
- If a policyholder commits suicide within the first 12 months of purchasing the policy, then no death benefits are paid to their nominee. Only the premiums paid to the date of the incident or the surrender value of the policy whichever is higher, is paid to them.
Conclusion
Axis Max Life Insurance is one of the reputed life insurers with the highest claim settlement ratio of 99.70%. It offers a wide range of insurance products, including term plans, ULIPs, child insurance plans, saving plans, etc., to meet the needs of every individual. For more info related to Axis Max Life Insurance Company, you can visit PolicyX.com or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you. One of our insurance experts will reach you shortly, understand your requirements, and help you choose a plan that best suits your needs.
Documents required
For policy purchase and claim submission. Have these ready before you start.
- Photo ID Proof
- Age Proof
- Address Proof
- Medical Records
- Income Proof
How to Buy a Axis Max Life Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the Axis Max Life Insurance official website to compare and choose a suitable life plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
How to File Axis Max Life Insurance Claims?
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim Settlement process at Axis Max Life Insurance involves the following steps:
Online Process
Claim Intimation
Inform the company about the incident via various channels. You can write an email to Axis Max Life Insurance at claims.support@Axis Maxlifeinsurance.com. Call the toll-free number (1860 120 5577), fill out the online claim form on its website, or visit the nearest branch. A claim reference number/intimation number will be provided to you upon successfully registering the claim.
Document Submission
You will be requested to submit the following documents to process the claim.
In case of natural death: death claim form, death certificate issued by the local municipality, original policy documents, claimant's identity & residence Proof, medical records, and account details of the nominee.
In case of an accidental death: the same documents with an FIR and post-mortem report.
Claim Settlement
After receiving all the documents and claim forms, the insurer will verify the details. If they require any additional details they will contact you via call or email. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.
Offline Process
Axis Max Life Insurance Company's claim settlement procedure can be initiated by visiting the local Axis Max Life Branch Office. For the details of Axis Max Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the above-mentioned documents in hardcopy at your nearest branch to file the claim.
- Log in to the Axis Max Life Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
- Visit the official website of Axis Max Life Insurance Company.
- From the top of the page choose the type of plan you want to buy- Term plan/ Investment plan/ ULIPs, etc.
- A new window will open. Enter your basic details including name, contact number, email address, occupation, residence details, etc
- It will show you the premium amount based on the provided details.
- Once the payment is made, you will get a payment confirmation at your registered email address.
Why Choose PolicyX.com?
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanFrequently asked questions
The 12 most-asked questions about Axis Max Life Insurance, answered.
Customer satisfaction
Aggregate ratings from 955 verified PolicyX customers who bought a Axis Max Life Insurance plan.
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Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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