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Axis Max Life Term Insurance
A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers ...Read More
The headline features and policy mechanics, at a glance.
Affordable premium options starting from entry-level to comprehensive whole-life protection.
Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
Choose from level cover, increasing cover, and return-of-premium variants.
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
Branch offices and claim service centres across India for easy policy servicing.
Axis Max Life Insurance, a joint venture between Max Financial Services and Axis Bank, is a leading life insurance provider in India. The company offers term insurance plans designed to financially protect your family if something happens to you during the policy term. Axis Max Life has a strong distribution network across India. Their term insurance plans come with various features, including spouse coverage, multiple plan options, cover continuance benefit, special exit value, and premium discounts. Premiums for Axis Max term insurance start at just Rs 577 per month.
Key features of these plans include:
Every plan currently being sold by Axis Max Life Term Insurance, shown side-by-side so you can shortlist quickly.
Axis Max Life Insurance Smart Term Plan Plus is a flexible term insurance plan that provides a fixed family payout, high life cover, and terminal illn...
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, ...
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...
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...
Side-by-side across the 3 most-bought Axis Max Life Term Insurance plans on PolicyX.
| 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 |
Enhance your term plan with optional add-on riders for broader protection.
Axis Max Life Waiver of Premium
Waives all future premiums, ensuring policy benefits remain intact in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider
Provides additional financial support to your dependents if the policyholder passes away due to an accident.
Axis Max Life Terminal Illness Rider
Offers financial benefits if the policyholder is diagnosed with a terminal illness.
Axis Max Life Total and Permanent Disability Cover
Provides financial benefits if the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider
Pays rider benefits if the policyholder is diagnosed with any of the critical illnesses mentioned in the plan brochure.
Axis Max Life Term Insurance is one of the most trustworthy and reliable insurer partners. Here are the reasons why you should choose Axis Max Life Term Insurance Plans:
01
Axis Max Life term insurance plans are among the most economical in the industry, offering high sum assured options to policyholders.
02
Axis Max Life Term Insurance Plans offer policyholders customization options for policy term, cover amount, premium term, and more.
03
Axis Max Life term plans are available both offline and online, allowing customers to choose their preferred buying method.
04
Axis Max Life Insurance provides a variety of term insurance plans to suit diverse customer requirements.
05
Axis Max Life Insurance offers tax benefits up to Rs 1.5 lakhs for premiums paid under Section 80C of the Income Tax Act, 1961. Additionally, death benefits are also tax-free.
For policy purchase and claim submission. Have these ready before you start.
To purchase an Axis Max term insurance plan in 2025, certain eligibility criteria must be met:
Age: Individuals between 18 and 65 years are eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in determining the premium.
Health condition: Since an Axis term insurance plan insures the policyholder’s life, most insurance providers require a health examination to determine the current health condition and inherent risks. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income: While there is no specified minimum income requirement, insurers might ask for bank statements and salary slips to determine the appropriate coverage for your term plan.
Smoking habits: If you smoke or have been a smoker, you must disclose this information to the insurer, as smokers are exposed to severe health hazards like lung cancer.
Citizenship: Indian citizens can buy an Axis term insurance plan in India. NRIs or PIOs can also leverage the benefits of a term insurance plan in India.
Axis Max Life Insurance Plans are ideal for anyone seeking strong, affordable, or long-term protection for their families. Consider this plan if your family relies on your income, or if you are a younger earner looking to secure high coverage at low premiums. It's also suitable if you have liabilities, loans, work in a high-risk profession, or are a woman seeking cost-effective and comprehensive protection.
Axis Max Life Term Insurance Plans offer various additional benefits to policyholders:
Axis Max Life Term Plans, such as Axis Max Life Online Term Plan Plus, offer special premium rates for non-smokers and females.
Some Axis Max Life Term Plans, like the Axis Max Life Smart Secure Plus Plan, allow you to cover your spouse under the same plan.
Axis Max Life Term Plans, including Axis Max Life Term Plan with Return of Premium (TROP) and Axis Max Life Online Term Plan Plus, offer discounts when you choose a high sum assured.
Axis Max Life Smart Term Plan offers multiple death benefit variants for policyholders to choose from based on their requirements.
The Axis Max Life Smart Secure Plus Plan offers a voluntary sum assured top-up option, allowing policyholders to increase their sum assured during the policy term as needed.
Axis Max Life offers various term plans based on their features, policy tenure, and benefits. You can choose the one that best suits your requirements.
These plans provide a sum assured to the nominee only in case of the policyholder's death, with no survival benefits included.
These plans return the premium amount to policyholders if they survive the policy term. In case of the policyholder’s death, the family receives the chosen sum assured.
These plans offer a monthly income to the policyholder’s dependents if the policyholder passes away during the policy tenure.
These plans offer inbuilt coverage against critical illnesses mentioned in the plan brochure.
These plans offer inbuilt coverage against accidental disability, along with a death cover.
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
The claim settlement process for Axis Max Life Term Plans is simple and hassle-free. You can file a claim both online and offline. Here's how:
Report your Axis Max Life Term plan claim by visiting the claim section of the Axis Max Life Insurance website.
Axis Max Life’s customer support staff will review your claim form and assist you. They will evaluate your claim and notify you if any documents are pending.
Your claim will be resolved once you have reported it and the insurer has received all necessary documents.
You can report the Axis Max Life Term plan claim by visiting a local Axis Max Life branch office. Visit their website to locate the nearest branch. You must submit the essential documents at the branch for your claim to be processed.
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 MahajanThe 14 most-asked questions about Axis Max Life Term Insurance, answered.
Aggregate ratings from 959 verified PolicyX customers who bought a Axis Max Life Term Insurance plan.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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