Axis Max Life Insurance

Axis Max Life Insurance, a joint venture between Max Financial Services and Axis Bank, offers various life insurance solutions, including term plans, savings plans, and ULIPs. Known for a 99.70% claim paid ratio for FY24-25, it provides policyholders with reliability and peace of mind. Key features include critical illness cover, return of premium options, tax benefits under Sections 80C and 10(10D), and tele-based medical verification for faster policy issuance. With products designed for protection, long-term savings, and investment growth, Axis Max Life Insurance ensures financial security and flexibility, helping customers plan confidently for life's uncertainties.

Insurer Highlights

Claim Settlement Ratio
99.70
No. of Branches
405 Branches
Claim Settlement Promise
24hr claim settlement

Policybazaar is a Platinum Premium Partner for Axis Max Life

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Policybazaar is Certified Platinum Partner for Axis Max Life Insurance

What it means for our customers?

The Best Price

Buy policy at the best price available!

Hassle-Free Service

Seamless Policy Issuance

Dedicated Claims Assistance Program

Why Buy Axis Max Life Insurance?

Axis Max Life Insurance offers comprehensive insurance products to secure your future and support your and your family's financial goals. Whether it's protection, savings, or retirement planning, here's why choosing Axis Max Life can be a smart financial decision:

Experience 24-hour claims settlement with a dedicated Claims Relationship Officer

Coverage includes death due to any pandemic, such as COVID-19.

Highest Claim Settlement Ratio of 99.7%.

24/7 customer support for seamless assistance anytime.

Get all your premiums back at no additional cost (Free feature).

Flexibility to skip premium payments for up to one year while staying fully covered. 2 premium breaks are allowed.

Axis Max Life Insurance Plans

The Axis Max Life Insurance company offers different types of insurance plans to fulfil the needs of policy buyers. Let’s look at the term plans offered by Axis Life Insurance Company:

What Are The Axis Max Life Insurance Riders?

Add-on rider benefits enhance policy coverage. The policyholder can purchase the riders by paying an extra premium in addition to the basic premium of the policy. Below mentioned are the riders offered by Axis Max Life Insurance Co. Ltd.

Get your premium for free - if cover till age is 70 and above	Get your premium back at age of years (paid)
Early payout on Terminal illness (free)	Option to skip your premiums (paid)
Extra payout on accidental death (paid)	Waiver of Premium (paid)
Cover against 64 Critical Illnesses (paid)

Critical Illnesses Covered Under Axis Max Life Insurance

Axis Max Life Insurance offers critical illness coverage that financially protects against life-threatening medical conditions and serious lifestyle diseases. This cover enhances the coverage of your base life insurance policy and ensures your family is comprehensively covered. Critical illness insurance helps you manage long-term treatment and recovery costs. It covers major health conditions like cancer, stroke, and kidney failure—ailments that can severely impact your financial stability.

How Much Life Cover Do I Need?

Human Life Value (HLV) is a valuable tool for determining the life insurance coverage required to ensure your loved ones' financial security in your absence. Insurance experts generally recommend that your life insurance coverage be at least 15 to 20 times your annual income.

For instance, if your current income is Rs. 20 lakhs per year, opting for a life insurance plan with a sum assured of Rs. 4 crores is advisable. This ensures that your family can maintain its standard of living and meet daily expenses, even in the face of rising inflation.

You can use the HLV (Human Life Value) calculator to simplify this process. This online tool helps estimate your ideal insurance coverage by determining your liabilities, investments, and income-related expenses. It allows you to calculate the amount your family would need to live comfortably without financial strain in your absence.

Choosing the Axis Max Life Insurance Plan with the Right Sum Assured Option

Choosing the ideal sum assured is key to ensuring your family's financial stability in your absence. Axis Max Life Insurance offers multiple plan options tailored to different coverage needs. Whether you're securing basic protection or aiming for comprehensive coverage, selecting the right sum assured helps cover your loved ones' future expenses, liabilities, and lifestyle needs.

Max Life1 Crore

Term Insurance

Max Life2 Crore

Term Insurance

Max Life5 Crore

Term Insurance

Max Life75 Lac

Term Insurance

Max Life70 Lac

Term Insurance

Max Life50 Lac

Term Insurance

Term Insurance Premium Calculator

Our term life insurance calculator in india can help you calculate the following:

Benefits of Axis Max Life Insurance

Here are the key benefits of Axis Max Life Insurance:

Financial Protection for Your Family
Axis Max Bank Life Insurance ensures that your loved ones remain financially secure in your absence. With high coverage at affordable premiums, the policy helps provide a safety net for your family's future, ensuring they can maintain their lifestyle and meet essential expenses.
Tax Benefits & Savings
Policyholders can enjoy tax benefits under Sections 80C and 10(10D) of the Income Tax Act. Premiums paid towards the policy qualify for deductions up to ₹1,50,000 annually, and the maturity or death benefits received are also tax-free, helping you save significantly on taxes.
Long-Term Wealth Accumulation
Axis Max Life Insurance offers plans that provide life cover and help you build wealth over time. These investment-linked options are ideal for achieving long-term goals like your child’s education, wedding expenses, home buying, or retirement planning.
Flexible Premium Payment Options
With Axis Max Life, you can choose how often you want to pay your premiums—monthly, quarterly, half-yearly, or annually. This flexibility makes it easier to stay on track with your financial planning without putting unnecessary pressure on your budget.
A Wide Range of Plans for Every Need
Whether you are looking for pure protection, savings, retirement planning, or market-linked growth through ULIPs, Axis Max Life Insurance has a variety of plans tailored to different life stages and financial goals. You can choose a policy from Axis Max Bank that fits both your present needs and future aspirations.
Dual Benefit of Insurance & Investment
Some life insurance plans combine life cover and investment opportunities, ensuring that while your family is financially protected, your money grows over time. These plans offer market-linked or guaranteed returns, helping you create a financial cushion for the future.

What Are The Different Types Of Axis Max Life Insurance Plans?

The Axis Max Life Insurance policy list is mentioned below. Take a look and choose the one as per your needs and requirements:

Term Insurance Plan

Max Life Insurance Co. Ltd. offers term insurance plans that offer your family comprehensive protection and financial support after your demise. Following are the best term insurance plans

Plan Name	Entry Age (Min-Max)	Maturity Age	Policy Term	Sum Assured (Min-Max)
Axis Max Life Smart Term Plan Plus	18 years- 65 years	85years/100 years	10 years- 82 years	Rs 5 Lakhs- No Limit
Axis Max Life Smart Secure Plus Plan	18 years- 65 years	85 years	10 years- 67 years	Rs. 20 Lakhs- No Limit
Axis Max Life Smart Total Elite Protection Plan	18 years- 65 years	85 years	10 years- 67 years	Rs. 20 Lakhs- No Limit
Axis Max Life Saral Jeevan Bima	18 years- 65 years	70 years	5 years- 40 years	Rs. 5 Lakhs- 25 Lakhs

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

ULIP Plans

ULIPs are insurance cum investment plans that help to fulfil the goal of wealth generation. The plans offer much-needed flexibility to manage the investment. Below are the ULIP Plans offered by Axis Max Life Insurance Co Ltd.

Plan Name	Entry Age (Min-Max)	Maturity Age	Policy Term
Axis Max Life Fast Track Super Plan	18 years - 60 years(5 Pay and Single Pay), 50 years( For Regular Pay)	70 years	5 pay- 10 years Single pay- 10 years Regular pay- 20 years
Axis Max Life Platinum Wealth Plan	Single pay/ Limited pay/Regular pay- 18 years - Single pay/ Limited pay- 60 years & for Regular pay- 55 years	Single pay/ Limited pay- 70 years Regular pay- 65 years	10 years and 20 years
Axis Max Life Online Savings Plan - Variant 1	18-60 years	85 years	Minimum 5 years and maximum 52 years for maturity age less or equal to 70 years; minimum 10 years and maximum 67 years for maturity age greater than 70 years
Axis Max Life Online Savings Plan - Variant 2	18-54 years	64 years	Minimum 5 years and maximum 30 years
Axis Max Life Shiksha Plus Super	21-50 years	65 years	10 years for 5 years and 15-25 years for regular pay

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Pension Plans

Pension plans help the policyholder to save for his/her old age. With the help of these plans, the policyholder can enjoy the golden period of his/her life

Plan Name	Minimum Entry Age	Maximum Entry Age	Maximum Single Premium	Annuity Payment Modes
Guaranteed Lifetime Income Plan	0 years for immediate annuity; 45 years for deferred annuity	80 years	Rs. 12,000/annum - No Limit	Monthly, Quarterly, Half-yearly, Yearly
Saral Pension Plan	40 years	80 years	Rs. 12,000/annum - No Limit	Monthly, Quarterly, Half-yearly, Yearly

How To Buy Axis Max Life Insurance Plans From Policybazaar?

Below are the steps to buy Axis Max Life Insurance Plans from Policybazaar:

Step 1: Go to the Policybazaar Life Insurance page and select the type of insurance you want to buy between term insurance and investment plan.
Step 2: Fill in details like Name, Gender, Mobile Number, DOB, and then click on View Term Quotes.
Step 3: Also fill in your annual income, smoking habits, educational qualification and occupation type, and click ‘View Plans'.
Step 4: Select Axis Max Life Insurance from the list of insurer options available.
Step 5: Fill in details, such as full name, occupation, email, yearly income and educational qualification
Step 6: Fill in your city, pin code and nationality.
Step 7: Choose your preferred payment option and pay to complete the purchase.

*Note—You can contact Max Life Insurance's customer care service for additional information or to solve queries and doubts. You can also contact Policybazaar's insurance advisors for quick resolution.

Common Customer Queries Answered

What is PC Max Life Insurance, and how can I use it?

PC Max Life Insurance refers to Max Life Insurance's Partner Connect (PC) portal. It is designed for advisors, partners, and employees to manage policies and customer details and track business performance. Through PC Max Life Insurance, users can log in, check customer policy status, manage renewals, and access important resources online.
What is MREC Max Life Insurance used for?

MREC Max Life Insurance is a mobile-based platform created for agent recruitment. It allows agency leaders and recruiters to onboard new agents digitally by uploading documents, tracking application status, and generating agent codes. The MREC Max Life Insurance app simplifies recruitment by reducing paperwork and offering real-time status updates.
Will we gain or lose if we break the insurance by paying 1-2 installments of Axis Bank's Max Life insurance?
If you stop paying Axis Bank’s Max Life Insurance after paying only 1–2 premiums, you'll mostly lose money.

Here’s why:
- Policies usually acquire a surrender value only after paying at least 2–3 years of premiums (depends on plan type).
- If you exit before that, the policy lapses and you generally get nothing back.
- Even after the minimum period, surrender charges apply, so you may receive less than you paid.
In short, breaking the Axis Bank Term Plans early results in a loss of premiums unless it’s a free-look cancellation within 15–30 days of purchase.
What is MQUOTE Max Life Insurance, and how does it work?

MQUOTE Max Life Insurance is a digital tool that helps advisors generate quick and accurate premium quotes for different Max Life plans. Using MQUOTE Max Life Insurance, agents can compare policies, customize sum assured and tenure, and share instant proposals with customers. It saves time and ensures customers get the right plan options before purchase.

How To Renew Axis Max Life Insurance Policy?

Following the steps below, you can easily renew the Axis Max Life Insurance policy and continue enjoying your policy's benefits.

Step 1: Visit Life Insurance Renewal
Step 2: Select Axis Max Life Insurance from the list of insurers mentioned
Step 3: Enter details, like Policy Number and DOB and press on ‘Continue’
Step 4: Enter the rest of the required details and provide the necessary document if necessary
Step 5: Pay the premium to renew your policy using modes like net banking, credit card, debit card, or other electronic payment methods

*Note: You can call Axis Max Life Insurance customer care if you need further assistance or have any doubts/queries. You can also use the Axis Max Life Insurance login portal for your Axis Max Life Insurance policy details.

What is the Axis Max Life Insurance App?

The Axis Max Life Insurance App is a convenient mobile platform designed to help policyholders manage their life insurance plans anytime, anywhere. It brings all your policy-related services to your fingertips, saving you time and effort.

Key Features of the app are:

View Policy Details: You can easily Check your policy status, sum assured, premium due dates, and maturity details.
Pay Premiums Online: Make secure premium payments and download receipts instantly.
Renew or Update Policy: Renew lapsed policies or change the nominee, address, and contact details.
Download Documents: Access policy statements, payment receipts, and tax certificates anytime.
Raise Service Requests: Submit queries, request assistance, or connect with customer support without visiting a branch.

How to Use the Axis Max Life Insurance App?

Step 1: Download the Axis Max Life Insurance App from the Google Play Store or Apple App Store.

Step 2: Register using your policy number, registered mobile number, or email ID.

Step 3: Log in securely to access your dashboard.

Step 4: Explore Max Life policy details, pay premiums, view updates, or raise service requests in a few taps.

How to log in to Axis Max Life Insurance Customer Portal

To access our Axis Max Life Insurance policy details, premium payments, statements, and service requests online, you need to log in through the Axis Max Life Customer Portal. Here's a step-by-step guide:

Step 1: Visit the Official Website of Axis Max Life Insurance Company

Step 2: On the top right corner of the homepage, click the 'Login' button.

Step 3: Choose 'Customer' from the list of login options

Step 4: Enter Your Credentials, such as:

Policy Number or Registered Email ID/Mobile Number
Date of Birth (DOB)
Enter the captcha code displayed

Step 5: You'll receive a one-time password (OTP) on your registered mobile number or email. Enter the OTP to proceed.

Step 6: Once logged in, you can view policy details, make premium payments, update contact information, download premium receipts, and more.

How To Make Axis Max Life Online Premium Payment?

Making your Axis Max Bank Life Insurance premium payment online is a simple and convenient. Here's how you can do it:

Visit the Axis Max Life Insurance Website
Click on the “Customer Login” button.
Enter your credentials (User ID and Password) to access your account. This is your max life insurance login premium payment portal.
Look for the "Payments" section or select "Pay Premium."
You can pay for max life insurance premiums online from this section.
Please enter Your Axis Max Life Insurance policy details, such as your policy number, to proceed.
Choose your preferred payment method (credit/debit card, net banking, etc.) for max life insurance online payment premium.
Once the payment is processed, you will receive a confirmation via email or SMS.

How To File Axis Max Life Insurance Claim?

Axis Max Life Insurance provides a convenient and hassle-free claim intimation and settlement procedure. The insurance company processes claims by ensuring that the amount of the claim is received by the family members easily and quickly. A dedicated and committed claims officer is assigned for every Max Life death claim to guide applicants through every phase of the claim procedure. The company has a claim settlement ratio of 99.7 % as per the IRDAI Annual Report 2023-24.

What is the Online Axis Max Life Claim Settlement Process?

Axis Max Life Insurance has three quick and hassle-free claim settlement procedures. The procedure is as follows:

Step 1: Intimation of Claim
The nominee should inform the insurance company about the claim in written form. Enter the information about your claim on the official website of Axis Max Life Insurance. Fill in the required information like policy number, claim information, details of a claimant, policyholder details, and contact information of the claimant. The nominee or beneficiary can get the claim intimation form by visiting the nearby Axis Max Life Insurance branch or downloading it from the insurer’s official website.
Step 2: Documents Submission
After submitting all the required information, it is important to upload all the documents with the provided details. The nominee is required to provide the insurer with a few documents, such as the death certificate, age of the policyholder, policy documents, and any other documents requested by the insurer.
Step 3: Settlement of claims
According to IRDAI, the insurer must settle the Axis Max Life Insurance Claim within 30 days of receiving the submitted documents. However, in some scenarios, the insurer needs further investigation. In these situations, the insurer has to finish the entire process within six months of getting the written intimation notice.

Documents Required to Claim Axis Max Life Insurance

In case of a death claim, the client is required to submit the following documents:

Attested or original copy of Death certificate that is issued by the local municipal
NEFT Mandate application attested by the bank personnel
Cancelled cheque or passbook of bank account
Death claim form i.e., Form-A
Photo ID Card of Beneficiary such as passport, Voter ID, PAN card, Aadhar card

Additional Documents

These additional documents are required to submit as per the death cause:

Natural/Medical Death
Statement of Attending Physician
Medical reports such as Discharge or death summary, test reports, admission notes
Unnatural/Accidental Death
FIR (First Information Report) or Police Complaint or Panchanama
Post-mortem report copy, viscera, and Autopsy report
Charge sheet or Final Police Investigation Report (FPIR)

How to Avoid Axis Max Life Insurance Claim Rejection?

Here are some tips to make sure your life insurance claim doesn't get rejected:

Provide Accurate Information: Be honest and thorough when disclosing your health, lifestyle habits, and personal details during the application process. Any inaccuracies could lead to claim rejection.
Promptly File Claims: If you have a claim, notify your insurance provider immediately. Delays in filing could raise suspicions and lead to rejection.
Timely Premium Payments: Keep your policy active by staying up-to-date with Axis Max Life Insurance premium payments. Failure to pay premiums could result in the policy lapsing, leading to claim denial.

How To Contact Axis Max Life Insurance Customer Care?

You can easily reach out to Axis Max Life Insurance through various channels:

Digital Servicing Options: You can reach the Max Life customer executives by scanning the QR code on the official website or sending 'Hi' to +91 74283 96005 from your registered mobile number.
Customer Login Section: Manage your Axis Bank life policy conveniently by logging into the Customer Login section on the Axis Max Life Insurance website.
Email: For assistance, write to service.helpdesk@maxlifeinsurance.com using your registered email ID. The usual response time is 5 days.
Customer Service Helpline: For existing customers: Call 1860 120 5577 (Monday to Saturday, 9:00 AM – 6:00 PM) from your registered mobile number.

For NRI customers: Contact +91 11 71025900 or +91 11 61329950 (Available 24x7). You can also email nri.helpdesk@maxlifeinsurance.com.