Axis Max Life Insurance Plans, Premiums & Reviews | PolicyX
Axis Max Life Insurance logo Axis Max Life Insurance ★ 4.6/5

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

99.68%
Claim settlement ratio
33,222.60 crore
Annual Premium
2.01x
Solvency ratio
🛡️ IRDAI Approved
4.6/5 · 955 reviews
99.68% claim settlement ratio
📊 2.01x solvency ratio
🌐 405 pan-India

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.

Video reviews

Max Life Insurance Plans

Max Life Insurance Plans

In this video, we break down the various insurance plans offered by Max Life, including term insurance, endowment plans, ULIPs, whole life insurance, and specialized options for children and retirement.

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 Singh

I 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 Varshney

I'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 Mary

I 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 Shah

PolicyX 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 Rathod

I 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 Mahajan

Frequently asked questions

The 12 most-asked questions about Axis Max Life Insurance, answered.

As per the IRDAI report of 2023-24, Axis Max Life Insurance has a claim settlement ratio of 99.65%.
Through its InstaClaimTM initiative, Axis Max Life endeavours to pay eligible death claims up to Rs. 1 Crore in only 24 hours.
Eligible policies that have completed three continuous years. The claim does not warrant field verification. All mandatory documents are submitted. Claim amount on all eligible policies is up to Rs. 1 Crore
You can change your nominee within the benefit period of your active policy. Alternatively, you can fill out the policy amendment request form.
Axis Max Life allows policyholders to change their premium payment mode on policy anniversaries of their active policies.
Yes, Axis Max Life sends reminders before debiting a policyholder’s account to ensure that she/he has sufficient balance.
The free look period for offline policies is 15 days, whereas for online policies, it is 30 days.
To surrender the Axis Max Life Insurance policy, you need to submit the duly filled surrender form with the reason for surrender at the nearest branch office of Axis Max Life Insurance Company, along with the following documents: Original Policy documents, cancelled cheque, ID proof, and updated contact details.
Policyholders can pay the premium for Axis Max Life insurance plans through any of the following modes: Credit Card, Debit Card, Net Banking, UPI, RTGS, NEFT, ECS, EBPP.
Listed below are some options to link the Aadhar card with the Axis Max Life policy: SMS Aadhar number and policy number to 5424243. Send an email to the company, call on 1800-200-557,7 Walk-in to the nearest branch of the Axis Max Life Insurance.
Below are the documents that are required to process the maturity claim: Original Policy Pack. Copy of ID proof. Form M. Cancelled cheque or a copy of the bank passbook.
Axis Max Life Insurance Company Limited will send you a notification before debiting the premium from your account to ensure that you have a sufficient balance in your bank account.

Customer satisfaction

Aggregate ratings from 955 verified PolicyX customers who bought a Axis Max Life Insurance plan.

4.6
out of 5
955 reviews
5 star
60%
4 star
25%
3 star
10%
2 star
4%
1 star
1%

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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