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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 an unforeseen event occurs 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.
What are some of the key features of this plan?
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 fixed family payout, high life cover, and terminal illnes...
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 designed to provide flexible and long-term financial security at a...
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
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.
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
Compared to any other insurance company in the industry, Axis Max Life term insurance plans are one of the most economical plans offering high sum assured options to the policyholder.
02
Axis Max Life Term Insurance Plans provide policyholders with customization options in various aspects such as policy term, cover amount, premium term, etc.
03
Axis Max Life term plans are available both offline and online. Customers can choose any option to buy plans at their convenience.
04
Axis Max Life Insurance offers a variety of term insurance plans that suit the different requirements of customers.
05
Axis Max Life Insurance offers tax benefits up to Rs 1.5 lakhs for the premiums paid under Section 80 (C) of the Income Tax Act of 1961. Moreover, the death benefits paid 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. Let's understand the eligibility criteria in detail.
Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder's age is a key factor in the term insurance plan's premium.
Health condition: Since an Axis term insurance plan insures the policyholder's life, most insurance providers require a policyholder to undergo a health examination to determine their current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income: An Axis term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan.
Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer because smokers are exposed to severe health hazards like lung cancer.
Citizenship: Indian citizens can buy an Axis term insurance plan in India in their name. NRIs or PIOs can also leverage the benefits of a term insurance plan in India.
Axis Max Life Insurance Plans are best for anyone who needs strong, affordable, or long-term protection for their families. You should consider this plan if your family relies on your income, or you are a younger earner looking to lock in high coverage at low premiums. This plan is also suitable if you have liabilities, loans, work in a high-risk profile, 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 as well as females.
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.
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 a high sum assured with your plan.
Axis Max Life Smart Term Plan offers 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 policyholders so that they can increase their sum assured during the policy term as per their needs.
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. In case of a policyholder's death, the family will receive the chosen sum assured.
These plans offer monthly income to the policyholder's dependents in case of the policyholder's demise during the policy tenure.
These plans offer inbuilt coverage against critical illnesses mentioned in the plan brochure.
These plans offer inbuilt coverage against accident 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. 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 and settle your claim below:
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 965 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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