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Updated on Aug 07, 2023 4 min read
Axis Max Life is one of the leading insurance providers which offers a variety of insurance plans to their 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.
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, etc.
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 |
|
Axis Max Life Smart Secure Plus Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs 20 lakhs |
|
Axis Max Life Smart Total Elite Protection Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs 1 crore |
|
Axis Max Life Premium Return Protection Plan | Minimum Age - 21 years Maximum Age - 55 years | Annual, half-yearly, quarterly & monthly | Rs 50 lakhs |
|
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 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.
Axis Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to fulfill the growing financial needs of a family and acts as a savior to create a financial net around the family. With Axis Max Life Smart Secure Plan the insured gets two death benefits, including a cover for terminal illness and an exit value. In addition, this plan also provides optional benefits such as premium breaks, joint life cover, additional payout on accidental death and much more.
Axis Max Life STEP plan is a pure-risk comprehensive solution at an affordable price. It allows you to design your term plan and add additional coverage against accidental disability and critical illness.
Axis Max Life Premium Return Protection Plan returns all your premiums at the time of maturity after deducting taxes. The premiums for this plan are comparatively higher than the pure-term 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 lif...
Unique Features
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
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
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
Max Life Term Insurance Plans
Max Life Smart Term Plan
Max Life Insurance Plans
Name of the Rider | Benefits |
Axis Max Life Waiver of Premium | It will waive off 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. |
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:
Axis Max Life Insurance offers tax benefits under section 80C of the Income Tax Act, 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Compared to any other insurance company in the industry, Axis Max Life term plans are one of the most economical plans with high sum assured options.
Axis Max Life Term Insurance Plans provide policyholders with personalized options in various aspects such as policy term, cover amount, premium term, etc.
Axis Max Life term plans are available both offline and online. Customers can choose any option at their convenience.
Axis Max Life Insurance offers a variety of term insurance plans that suit the different requirements of the customers.
Axis Max Life Insurance offers tax benefits under section 80C of the Income Tax Act, 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Compared to any other insurance company in the industry, Axis Max Life term plans are one of the most economical plans with high sum assured options.
Axis Max Life Term Insurance Plans provide policyholders with personalized options in various aspects such as policy term, cover amount, premium term, etc.
Axis Max Life term plans are available both offline and online. Customers can choose any option at their convenience.
Axis Max Life Insurance offers a variety of term insurance plans that suit the different requirements of the customers.
Axis Max Life Insurance offers tax benefits under section 80C of the Income Tax Act, 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Compared to any other insurance company in the industry, Axis Max Life term plans are one of the most economical plans with high sum assured options.
Axis Max Life Term Insurance Plans provide policyholders with personalized options in various aspects such as policy term, cover amount, premium term, etc.
Axis Max Life term plans are available both offline and online. Customers can choose any option at their convenience.
Axis Max Life Insurance offers a variety of term insurance plans that suit the different requirements of the customers.
Axis Max Life Insurance offers tax benefits under section 80C of the Income Tax Act, 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Compared to any other insurance company in the industry, Axis Max Life term plans are one of the most economical plans with high sum assured options.
Axis Max Life Term Insurance Plans offer various additional benefits to the policyholders.
Axis Max Life Term Plans such as Axis Max Life Online Term Plan Plus offer special premium rates for smokers as well as females.
Some Axis Max Life Term Plans such as Axis Max Life Smart Secure Plus Plan offer you the option to cover your spouse under the same plan..
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 high sum assured options.
Axis Max Life Smart Term Plan offers you multiple death benefit variants for policyholders to choose from as per their requirements.
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.
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.
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
These plans give the premium amount back to the policyholders only if they survive the policy term.
These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.
These plans offer inbuilt coverage against critical illnesses.
These plans offer inbuilt coverage against accident disability and death cover.
Here are the documents required to buy a Axis Max Life Term Insurance Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Axis Max Life Term Insurance policy from Policyx.com or the Axis Max Life Term Insurance website.
Fill out the form at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to pay.
Visit the official website of Axis Max Life Insurance.
Click on 'Calculate Premium' and fill in the form that comes up.
Add benefits and riders as per choice, then click on 'Continue'.
Check out the plan options and premium details and select a suitable plan.
Click on the 'Buy' option.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The claim settlement process for Axis Max Life Term Plans is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained the process by which you can easily submit & settle your claim below:
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 will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.
Your claim will be resolved once you have informed the insurance of your claim and the insurer has received all of the necessary documents.
The Axis Max Life Term plan claim settlement procedure 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.
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!
The thumb rule to calculate your coverage needs is that a term insurance plan needs to be 20 times your annual income. You can also take into consideration your life stage requirements, liabilities, income, age, etc., to come to ideal term insurance coverage.
Some Max Life Smart Secure Plus term plans come with a maturity benefit.
Max Life offers a ‘waiver of premium’ and ‘comprehensive accident benefit’ rider in their term insurance plans.
One of the top insurance providers in India, Max Life Insurance Company has a high claim settlement ratio of 99.51% and a solvency ratio of 2.4% It has 269 branches and excellent pan-India connectivity.
High life cover at affordable premiums. Protection of your loved ones from unforeseen circumstances. Protection from illnesses. Long-term coverage. Disability benefits.
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.
Any premium amount charged under optional benefits such as Critical Illness benefits, and accident cover riders will not be a part of the benefit (return of premium) upon maturity.
Accidental Death Benefit or Life Stage Cover can only be added to the policy while purchasing the policy and not after.
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.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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February 5, 2023
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