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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 Financial Services. It provides comprehensive ...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 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:
- Affordable premiums
- Flexible policy tenures
- Wide range of insurance solutions
- Choice of premium payment frequency
- Tax savings
Features of Axis Max Life Insurance Plans
Axis Max Life Insurance plans are available at affordable premiums, making them accessible to a wide range of customers.
Axis Max Life Insurance plans offer flexible policy tenures, allowing policyholders to choose 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 applies to monthly payments, and a 30-day grace period applies to quarterly, half-yearly, and yearly payments.
Policyholders can choose their premium payment frequency from monthly, quarterly, half-yearly, or yearly options.
Axis Max Life offers life insurance products for individuals of all age groups.
Video reviews
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.
Waiting Periods in Axis Max Life Insurance Plans
Unlike health insurance, life insurance policies generally do not have extensive waiting periods for various illnesses. The primary waiting period in Axis Max Life Insurance plans typically relates to the suicide clause.
Suicide Clause
If the policyholder commits suicide within the first 12 months from the policy's inception or revival date, the death benefit will not be paid. In such cases, only the premiums paid to date or the surrender value, whichever is higher, will be paid to the nominee. It is important to review your specific policy document for exact terms and conditions regarding waiting periods and exclusions.
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 waives all future premiums, and policy benefits remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider
Offers financial assistance to dependents in addition to base policy benefits if the policyholder's demise is 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
This rider offers financial benefits if the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider
If the policyholder is diagnosed with any critical illness mentioned in the brochure, rider benefits are paid.
Documents required
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof Any one of the following
Passport, Aadhaar card, PAN card, Driving license.
Age Proof Any one of the following
Passport, Aadhaar card, PAN card, Driving license.
Address Proof Any one of the following
Utility bill, passport, voter ID, ration card.
Medical Records Medical records of the policyholder, if requested.
Income Proof Any one of the following
Bank statement, last three months' salary slips (if salaried).
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 to assist through the entire process. The life insurance claim settlement process at Axis Max Life Insurance involves the following steps:
Online Process
1. Claim Intimation
Inform the company about the incident via various channels: email (claims.support@maxlifeinsurance.com), toll-free number (1860 120 5577), online claim form on its website, or by visiting the nearest branch. A claim reference/intimation number will be provided upon successful registration.
2. 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 nominee's account details.
In case of accidental death: the same documents along with an FIR and post-mortem report.
3. Claim Settlement
After receiving all documents and claim forms, the insurer will verify the details. If additional details are required, they will contact you via call or email. Upon successful completion, the claim will be settled, and the amount will be transferred to the nominee's bank account, with communication via call or email.
Offline Process
Axis Max Life Insurance Company's claim settlement procedure can also be initiated by visiting a local Axis Max Life branch office. You can find branch details on their website. Submit the required 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.
- Select the type of plan you are interested in (e.g., Term plan, Investment plan, ULIPs).
- A new window will open. Enter your basic details, including name, contact number, email address, occupation, and residence details, into the premium calculator.
- The system will display the estimated premium amount based on your inputs.
- If satisfied, you can proceed to purchase the plan, and a payment confirmation will be sent to your registered email address.
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
- Death due to any pandemic, such as COVID-19, is not covered.
- Death caused by engaging in adventure sports.
- Death due to the consumption of drugs or alcohol.
- Death due to any pre-existing disease not declared at the start of the Axis Max Life policy.
- If a policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to the nominee. Only the premiums paid to the date of the incident or the surrender value of the policy, whichever is higher, is paid.
Conclusion
Axis Max Life Insurance is a reputed life insurer with a high claim settlement ratio of 99.70%. It offers a wide range of insurance products, including term plans, ULIPs, child insurance plans, and saving plans, to meet the needs of every individual. For more information about Axis Max Life Insurance Company, visit PolicyX.com or call us at 1800-420-0269. Our insurance experts will understand your unique needs and help you choose a plan that best suits you.
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.
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