Axis Max Life Term Insurance
  • 99.65% Claims Settled
  • Flexibility to Choose Sum Assured
  • 3-Hour Claim Settlement
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

Gender

Age

Himanshu Kumar
Written By:
Himanshu

Himanshu Kumar

Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

|
Reviewed By:
Anchita Bhattacharyya

Anchita Bhattacharyya

Health, Term & Life Insurance

Anchita has over 6 years of experience in content marketing, insurance, and healthcare sectors. Her motto to make health and term insurance simple for our readers has proven to make insurance lingos simple and easy to understand by our readers.

Axis Max Life Term Insurance Plans: Overview

Axis Max is a joint venture between Max Financial Services and Axis Bank. It is one of the leading insurance providers that offers a variety of insurance plans to its customers. Axis Max Life Term Insurance plans offer financial protection to the policyholder’s family in case of their uncertain demise during the policy tenure. Axis Max Life has a strong distribution network to offer its term insurance solutions to people across India. Their term insurance plans come with various features, including spouse coverage, multiple plan options, cover continuance benefit, special exit value, premium discounts, and much more.

What are some of the
Benefits
that set them apart?

  • Safety net for your dependents

  • Monthly income benefit with some plans

  • Affordable premiums

  • High sum assured option

  • Tax benefits

  • Protection against liabilities

  • Flexible policy tenure

  • Additional riders to choose from

  1. Solvency Ratio
    1.8
  2. Claim Settlement Ratio
    99.65%
  3. Annual Premium
    29528.97 Cr
  4. Branches
    304

Axis Max Life Term Insurance Plans

Axis Max Life Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by Axis Max Life Term Insurance.

Plan Entry Age Tenure Min. Sum Assured Unique Features
Axis Max Life Smart Term Plan Plus Plan Minimum Age - 18 years Maximum Age - 65 years Yearly, half-yearly, quarterly, and monthly Rs 25 lakhs
  • Special benefits for women
  • Inbuilt terminal illness cover
  • Cover continuance benefit
Axis Max Life Smart Secure Plus Plan Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 20 lakhs
  • Joint life option
  • Pay premiums at your convenience
  • Voluntary sum assured top-up option
Axis Max Life Smart Total Elite Protection Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 1 crore
  • Special exit value
  • Inbuilt terminal illness cover
  • Insta Payment on Claim Intimation
Axis Max Life Premium Return Protection Plan Minimum Age - 21 years Maximum Age - 55 years Annual, half-yearly, quarterly & monthly Rs 50 lakhs
  • Accelerated critical illness (CI) benefit
  • Get rewarded for a healthy lifestyle
  • High sum assured discounts.

Overview of Axis Max Life Term Insurance Plans

Here is a quick overview of the Axis Max Life Term Insurance Plans listed in the above table.

Axis Max Life Smart Term Plan Plus Plan

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various life stages. You have the flexibility to choose from 7 plan variants based on your future financial goals.

Here are the key features of the above plan
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value- 2X Premiums Back
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover

Explore other Axis Max Life Term Insurance

Axis Max Life Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Axis Max Life Term Insurance plans. Below is the list of term plans offered by Axis Max.

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various lif...

Unique Features

  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover

Axis Max Life Smart Term Plan Plus (Pros)

Axis Max Life Smart Term Plan Plus
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value

Axis Max Life Smart Term Plan Plus (Cons)

Axis Max Life Smart Term Plan Plus
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Axis Max Life Smart Term Plan Plus (Other Benefits)

Axis Max Life Smart Term Plan Plus
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover
  • Special Discount for Females

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Axis Max Life Smart Term Plan Plus
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 2 lakhs
  • Max maturity age - 100 years
  • PPT - RP/SP/LP

Axis Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to ...

Unique Features

  • 100% return of premium
  • Loyalty Discount of 5%
  • Increase your Sum Assured

Axis Max Life Smart Secure Plus Plan (Pros)

Axis Max Life Smart Secure Plus Plan
  • Income Protector
  • Rider Options
  • Premium Return (ROP)

Axis Max Life Smart Secure Plus Plan (Cons)

Axis Max Life Smart Secure Plus Plan
  • Limited Maturity Benefit
  • Plan Complexity
  • No Loan Benefit

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Axis Max Life Smart Secure Plus Plan
  • Enhance Cover at Milestones
  • Accelerated Critical Illness Benefit
  • Accident Cover

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Axis Max Life Smart Secure Plus Plan
  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP

Have you ever heard of a term plan that gives you a 12-month grace period before paying your next premium? Axis Max Life Smart Total Elite Protection ...

Unique Features

  • Cover continuous benefit
  • Terminal illness cover
  • Early exit benefit

Axis Max Life Smart Total Elite Protection (Pros)

Axis Max Life Smart Total Elite Protection
  • Special Exit Value
  • Accident Cover
  • Terminal Illness Cover

Axis Max Life Smart Total Elite Protection (Cons)

Axis Max Life Smart Total Elite Protection
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Axis Max Life Smart Total Elite Protection (Other Benefits)

Axis Max Life Smart Total Elite Protection
  • Cover continuance benefit
  • Insta payment
  • Choose policy term

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Axis Max Life Smart Total Elite Protection
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 1
  • Max maturity age - 85 years
  • PPT - RP/SP/LP

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

Unique Features

  • Return of Premium Plan
  • Flexible-Premium Payment Term
  • 1 Crore Max Sum Assured

Axis Max Life Premium Return Protection (Pros)

Axis Max Life Premium Return Protection
  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

Axis Max Life Premium Return Protection (Cons)

Axis Max Life Premium Return Protection
  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

Axis Max Life Premium Return Protection (Other Benefits)

Axis Max Life Premium Return Protection
  • Death Benefit in Instalments
  • RP
  • WOP & 3 Riders
  • Additional Cover for Spouse

Axis Max Life Premium Return Protection (Eligibility Criteria)

Axis Max Life Premium Return Protection
  • Entry Age - 18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

Recommended Videos

Max Life Term Insurance Plans

Max Life Term Insurance Plans

Riders You Can Avail With Axis Max Term Insurance Plans

Name of the Rider Benefits
Axis Max Life Waiver of Premium It will waive all future premiums, and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s demise due to an accident.
Axis Max Life Terminal Illness Rider Offers financial benefits in case the policyholder is diagnosed with any of the terminal illnesses.
Axis Max Life Total and Permanent Disability Cover This rider offers financial benefits in case the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

Benefits of Axis Max Life Term Insurance

Axis Max Life Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Axis Max Life Term Insurance Plans:

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Additional Benefits Offered By Axis Max Term Plans

Axis Max Life Term Insurance Plans offer various additional benefits to the policyholders.

Special Premium Rates for Smokers and Females

Axis Max Life Term Plans, such as Axis Max Life Online Term Plan Plus, offer special premium rates for non-smokers as well as females.

Joint Life Option

Some Axis Max Life Term Plans, such as the Axis Max Life Smart Secure Plus Plan, offer you the option to cover your spouse under the same plan.

High Sum Assured Discounts

Axis Max Life Term Plans, such as Axis Max Life Term Plan with Return of Premium (TROP) and Axis Max Life Online Term Plan Plus, offer you discounts on choosing high sum assured.

Choice of Death Benefit Variants

Axis Max Life Smart Term Plan offers you multiple death benefit variants for policyholders to choose from as per their requirements.

Voluntary Sum Assured Top-up Option

Axis Max Life Smart Secure Plus Plan offers a voluntary sum assured top-up option to the policyholders so that they can increase their sum assured during the policy.

Types of Axis Max Life Term Plans

There are various Axis Max Life term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.

Basic Term Plan

Plan Name: Axis Max Life Online Term Plan

These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.

Term Plan with Return of Premium

Plan Name: Axis Max Life Term Plan with Return of Premium (TROP)

These plans give the premium amount back to the policyholders only if they survive the policy term. In case of a policyholder’s death, the family will receive the chosen sum assured.

Term Insurance with Monthly Income

Plan Name: Axis Max Life Monthly Income Advantage Plan

These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise during the policy tenure.

Term Insurance with Critical Illness

Plan Name: Axis Max Life Online Term Plan Plus

These plans offer inbuilt coverage against critical illnesses mentioned in the plan brochure.

Term Insurance with Accidental Disability & Death Cover

Plan Name: Axis Max Life Smart Term Plan

These plans offer inbuilt coverage against accident disability along with a death cover.

Documents Required to Buy Axis Max Life Term Insurance Policy

Here are the documents required to buy an Axis Max Life Term Insurance Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

How to Buy a Axis Max Life Term Insurance Plan?

You can buy the Axis Max Life Term Insurance policy from Policyx.com or the Axis Max Life Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Axis Max Life Insurance.

  • Step 2

    Click on 'Calculate Premium' and fill in the form that comes up.

  • Step 3

    Add benefits and riders as per your choice, then click on 'Continue'.

  • Step 4

    Check out the plan options and premium details and select a suitable plan.

  • Step 5

    Click on the 'Buy' option.

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

How to File a Axis Max Life Term Insurance Plan Claim

The claim settlement process for Axis Max Life Term Plans is simple and hassle-free. The insurance provider gives you the option of filing a claim both online and offline. We have explained the process by which you can easily submit & settle your claim below:

Online Process

Your Occupation
1

Claim Reporting

Report your Axis Max Life Term plan claim by visiting the claim section of the Axis Max Life Insurance website.

Your Occupation
2

Claim Review

Axis Max Life’s customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement

Your claim will be resolved once you have informed the insurance of your claim and the insurer has received all of the necessary documents.

Offline Process

The Axis Max Life Term plan claim can be reported by visiting the local Axis Max Life branch office. For the details of Axis Max Life Insurance branches you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Axis Max Life Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

Axis MAX Life Term Insurance: FAQs

1. How much coverage should I choose with my Axis Max Term Insurance Plan

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.

2. Is maturity benefit available with the Axis Max Life term plan?

Some Axis Max Life Term Plans, such as the Smart Secure Plus Plan, come with a maturity benefit.

3. Are there any riders available with term insurance plans provided by Axis Max Life?

Axis Max Life comes with various rider options, including waiver of premium rider, critical illness rider, terminal illness rider, and many more.

4. Is Axis Max Life a good company to buy insurance from?

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.

5. What are the benefits of Axis Max Life Insurance term plans?

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.

6. Does my smoking habit affect my insurance premium rate?

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.

7. What is the free look period for Axis Max Life’s term insurance plans?

The free look period is 15 days from the date of receipt of the policy bond.

8. Is Return of Premium applicable for additional riders?

No, a return of premium is not applicable for rider payment.

9. Can optional riders be purchased after buying a term plan?

No additional riders must be added at the time of policy purchase.

10. What should I do in case I lose the documents required to file a claim with Axis Max Life Insurance

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.

11. Is Axis Max Life Insurance good?

Yes, Axis Max Life Insurance is one of the best private life insurance companies in India.

12. What is the Axis Max Life Term Insurance Calculator?

Axis Max Life Term Insurance Calculator is an online tool that helps to calculate the premiums of Axis Max term plans.

Other Term Insurance Companies

Share your Valuable Feedback

Rating Icon

4.6

Rated by 884 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings
Himanshu Kumar

Written By: Himanshu Kumar

Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.