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Axis Max Life Insurance Premium Calculator
Axis Max Life Insurance Premium Calculator is a free online tool that helps you calculate your life insurance premium. You can calculate your premiums easily just by entering a few basic details such as the policyholder’s age, gender, education qualification, smoking habits, etc.
This tool can be used by anyone without any prior experience in the insurance sector. You can compare various plans using the Axis Max Life Insurance Calculator and choose the one that fits your financial requirements.
How Does the Axis Max Life Insurance Calculator Work?
Let’s understand the working of the Axis Max Life Insurance Calculator with a simple example.
Mr Raghav who is a 34-year-old non-smoker is working in an MNC as Assistant Sales Officer. He wants to buy life insurance with a sum assured of Rs 2 crore to secure the future of his family members even in his absence. He decides to pay the premium till he turns 75. By entering the details in the Axis Max Life Insurance Calculator you will get the premium amount.
| Frequency | Total Premium Including Taxes |
| Monthly | Rs 2,818 |
| Quarterly | Rs 8,356 |
| Half-yearly | Rs 16,424 |
| Yearly | Rs 32,014 |
How to Use the Axis Max Life Insurance Premium Calculator?
Using the Axis Max Life Insurance Calculator is simple and hassle-free. To use the Axis Max Life Insurance Calculator you have to follow the below-mentioned steps:
- Visit the official website of Axis Max Life Insurance.
- Hover on "Term Insurance" on the top left corner of the page.
- Under "Term Insurance" click on "Term Plan Calculator"
- A new interface of the "Axis Max Life Insurance Calculator" will appear on your screen.
- You just have to enter some basic details such as your name, mobile number, date of birth, annual income, etc based on which it shows you the premium .
The basic details you have to enter in the Axis Max Life Insurance Calculator to calculate the premium include:
- Policyholder’s Date of Birth
- Gender
- Smoking habits
- Policy Tenure
- Sum Assured
- Educational qualifications
- Additional Riders
The premiums calculated by Axis Max Life Insurance Premium Calculator are inclusive of the 18% GST amount.
Benefits of Using Axis Max Life Insurance Calculator
Using the Axis Max Life Insurance Calculator has numerous advantages.
Helps in quick decision making
Axis Max Life Insurance Premium Calculator helps you make a quick decision by comparing different plans and choosing the one that is suitable for you.
Easy to use
Axis Max Life Insurance Calculator is a free tool available on the official website of Axis Max Life. Anyone can use it easily without any prior knowledge or experience.
Eliminate intermediaries and brokers
You can easily calculate your life insurance premium using the Axis Max Life Insurance Calculator and buy the policy online and get attractive discounts thereby eliminating charges of intermediaries and brokers.
Get information regarding factors affecting your premiums
You can get information about the factors that affect your premium such as smoking habits, alcohol consumption, health condition, etc. It helps you make conscious decisions for the future.
Helps to plan your finances
Axis Max Life Insurance helps you calculate your life insurance premium. Knowing your insurance premium in advance helps you manage your finances and budget in advance.
Factors Affecting Axis Max Life Insurance Premium
Policyholder’s Age
The age of the policyholder affects their life insurance premium. A higher age attracts more premium as compared to a lower age as the risk associated increases with an increase in age.
Gender
Policyholder’s gender affects their life insurance premium as the life expectancy of females is greater than males. So females are charged a lower premium as compared to males.
Medical History of the Policyholder
The medical history of the policyholder affects their premium. If an individual has a pre-existing illness or disease then they might be charged a higher premium by Axis Max Life.
Family health history
The health history of the policyholder’s family is also important as certain diseases are hereditary. They pass on from parents to their children which is important for insurer to know.
Smoking habits
You will be charged a high life insurance premium if you have smoking habits as the chances of heart disease and cancer are greater.
Conclusion
Axis Max Life Insurance Premium Calculator is a free online tool available for everyone to compare different Axis Max Life insurance plans and choose the suitable one. Using this tool is easy and hassle-free as it requires no prior knowledge. You have to just input your basic information such as age, gender, health history, annual income, etc and it will calculate your life insurance premium within a few seconds.
