Axis Max Life Term Insurance Plans & Benefits | PolicyX
Axis Max Life Term Insurance logo Axis Max Life Term Insurance ★ 4.6/5

Axis Max Life Term Insurance

A joint venture between Axis Bank and Max Financial Services Limited, is one of the leading insurance providers ...Read More

99.7%
Claim settlement ratio
33,222.60 Cr
Annual Premium
4
Active plans
2.01x
Solvency ratio
🛡️ IRDAI Approved
4.6/5 · 959 reviews
99.7% claim settlement ratio
📊 2.01x solvency ratio
🌐 405 pan-India

What you get with Axis Max Life Term Insurance

The headline features and policy mechanics, at a glance.

Annual Premium 33,222.60 Cr

Affordable premium options starting from entry-level to comprehensive whole-life protection.

99.7% claim settlement ratio

Industry-leading approval rate on eligible term 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.

4 active term plans

Choose from level cover, increasing cover, and return-of-premium variants.

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

Axis Max Life Term Insurance Plans

Axis Max Life Term Insurance Plans

Types of Axis Max Life Term Insurance Plans

Every plan currently being sold by Axis Max Life Term Insurance, shown side-by-side so you can shortlist quickly.

Axis Max Life Smart Secure Plus

Axis Max Life Smart Secure Plus

Axis Max Life Smart Secure Plus Plan is a pure protection plan built to secure your family’s financial future. It is a non-linked, non-participating, ...

Unique Features
  • 100% return of premium
  • Loyalty Discount of 5%
  • Increase your Sum Assured
Sum assured Base sum assured: 20 lakhs to no limit.
Entry age Minimum Age - 18 years Maximum Age - 65 years
View plan
Axis Max Life Smart Total Elite Protection

Axis Max Life Smart Total Elite Protection

Axis Max Life Smart Total Elite Protection Term Plan is a pure risk protection plan built to give flexible and long-term financial security at an affo...

Unique Features
  • Cover continuous benefit
  • Terminal illness cover
  • Early exit benefit
Sum assured Base sum assured: 20 lakhs to no limit.
Entry age Minimum Age - 18 years Maximum Age - 65 years
View plan
Axis Max Life Premium Return Protection

Axis Max Life Premium Return Protection

The Axis Max Life Premium Return Protection Plan is a simple term insurance plan that offers coverage along with a 'Return of Premium' benefit. The pl...

Unique Features
  • Return of Premium Plan
  • Flexible-Premium Payment Term
Sum assured Base sum assured: 50 lakhs to no limit
Entry age Minimum Age - 21 years Maximum Age - 55 years
View plan

Term Plans Comparison

Side-by-side across the 3 most-bought Axis Max Life Term Insurance plans on PolicyX.

Axis Max Life Term Insurance term plan comparison
Feature Axis Max Life Smart Term Plus Axis Max Life Smart Secure Plus Axis Max Life Smart Total Elite Protection
Plan type Term Plan Term Plan Term Plan
Sum assured Base sum assured - Rs 25 lakhs to No limit Base sum assured: 20 lakhs to no limit. Base sum assured: 20 lakhs to no limit.
Entry age Minimum Age - 18 years; Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 65 years
Top benefits Choice of Plan Variant · Cover Continuance Benefit Income Protector · Rider Options Special Exit Value · Accident Cover

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 14 most-asked questions about Axis Max Life Term Insurance, answered.

The thumb rule to calculate your coverage needs is that a term insurance plan coverage must be 10 to 20 times your annual income. You can also take into consideration your life stage requirements, liabilities, income, age, etc., to come to an ideal term insurance coverage.
Some Axis Max Life Term Plans, such as the Smart Secure Plus Plan, come with a maturity benefit.
Axis Max Life comes with various rider options, including waiver of premium rider, critical illness rider, terminal illness rider, and many more.
Yes, Axis Max Life Insurance is one of the best life insurance companies in India that you can consider for buying a term insurance plan.
Axis Max Life term plans offer a range of benefits including high life cover at affordable premiums, protection of your loved ones from unforeseen circumstances, protection from illnesses, long-term coverage, disability benefits, etc.
Yes, the premium rates for a person with smoking habits are generally higher than for a non-smoker. This is because they are at a greater risk of developing health-related issues later in life.
The free look period is 15 days from the date of receipt of the policy bond.
No, a return of premium is not applicable for rider payment.
No additional riders must be added at the time of policy purchase.
As a first step, an FIR must be lodged. Then, you must make sure to inform your insurer to avoid any hassles. One should always maintain duplicate copies of important documents to aid in times of need.
Yes, Axis Max Life Insurance is one of the best private life insurance companies in India.
Axis Max Life Term Insurance Calculator is an online tool that helps to calculate the premiums of Axis Max term plans.
To check the policy details, you have to visit Axis Max Life website.
You can file an Axis Max term plan either through their website or by visiting their official branch office.

Customer satisfaction

Aggregate ratings from 959 verified PolicyX customers who bought a Axis Max Life Term Insurance plan.

4.6
out of 5
959 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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