99.78
405 Branches
3 Hours
Axis Max Life Insurance (formerly Max Life Insurance) is a major Indian life insurance company. It operates as a joint venture between Max Financial Services and Axis Bank. The company offers financial protection, savings, retirement, and investment products backed by a high claim settlement ratio.
Core Offering and Products
Term Insurance: Pure risk protection plans like the Smart Secure Plus and Smart Term Plan Plus.
Savings and Investment Plans: Wealth creation models, money-back policies, and Unit Linked Insurance Plans (ULIPs).
Retirement Solutions: Plans offering regular monthly income or lump-sum corpus payouts post-retirement.
Health and Riders: Add-on options covering critical illnesses and accidental death benefits.
Axis Max Life Insurance offers a comprehensive range of life insurance policies to secure your future and support your and your family's financial goals. Here's why choosing Axis Max Life can be a smart financial decision:
As of 6 August, Axis Max Life Insurance shares were trading at ₹1,531.00 on the NSE, up 0.53% during the trading session.
| Day Change | Day High | Day Low | 52-Week High | 52-Week Low | Opening Price |
| +0.53% | ₹1,544.00 | ₹1,513.20 | ₹1,892.50 | ₹1,433.60 | ₹1,525.20 |
The Axis Max Life Insurance Company offers a range of insurance plans to cater to the diverse needs of its policyholders. Let's look at the term plans offered by Axis Life Insurance Company:
Life Insurance Riders or Add-on benefits increase the coverage of your base life insurance policy. Just by paying an additional premium, you can protect your finances and your family’s financial future. Below 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 |
| Early payout on Terminal illness (free) | Option to skip your premiums (paid) |
| Extra payout on accidental death (paid) | Waiver of Premium (paid) |
Axis Max Life Insurance offers the critical illness rider, which provides coverage for up to 64 major and minor conditions, including cancer, first heart attack, stroke, kidney failure, and organ transplants. The critical illness rider enhances the base life insurance policy and provides complete protection against the uncertainties of life. Below is a list of critical illnesses covered under Axis Max Life's Critical Illness Rider:
Human Life Value (HLV) is a useful online tool that helps the policyholder calculate how much life insurance coverage will you need to ensure your loved ones' financial security in your absence. Many Insurance experts usually recommend that your life insurance cover should be at least 15 to 20 times your annual income.
For example, if you earn Rs. 20 lakhs per year, you should buy a life insurance plan with a sum assured of Rs. 4 crores is advisable. This makes sure that your family can maintain their standard of living and meet day to day expenses
You can use the HLV calculator to simplify this process. This online tool is designed to help you calculate your liabilities, investments and income-related expenses, to estimate your ideal insurance coverage. It helps you find out how much your family would need to live comfortably if you were gone.
Choosing the right amount of coverage is important to make sure that your family has sufficient money to carry on their day-to-day activities. Axis Max Life Insurance has a number of life insurance policies that are designed to meet different insurance needs of different individuals.
Having a right sum assured helps in making sure that the future expenses of your loved ones’, and your outstanding debts are taken care of.
Our term life insurance calculator in india can help you calculate the following:
Axis Max Life Insurance plans are available at low premiums so that a large number of customers can easily buy these plans.
Axis Max life insurance plans provide flexible policy terms to the policyholders so that they can choose it according to their requirements.
Axis Max Life Insurance plans provide a grace period if you miss a premium payment. A grace period of 15 days is available for monthly premium payments, while quarterly, half-yearly, and annual payment modes come with a 30-day grace period.
You can select a premium payment frequency that best suits your financial needs, including monthly, quarterly, half-yearly, or annual options.
Axis Max Life offers a wide range of life insurance solutions designed to cater to individuals across different age groups and life stages.
Axis Max plans like the Smart Secure Plus Plan offer 7 cover variants, allowing you to customize your coverage for lump-sum payouts, monthly income, or both.
The provider offers lower premium rates (up to 15% off) and additional coverage benefits, such as maternity cover and lifeline plus options, specifically for women policyholders.
Axis Max offers waiver of premium & joint-life options, where you can waive future premiums in case of total permanent disability or diagnosis of critical illness and cover your spouse under the same plan.
There are a number of benefits of Axis Max Life Insurance plans. Let’s read more to understand the benefits offered by the company:
InstaClaim in 3 hours
Most insurers promise to settle claims within 30 days (per the IRDAI mandate). Axis Max Life's InstaClaim settles eligible claims within 3 hours, provided the policy has been active for at least 3 years, the claim amount is up to ₹50 lakh, and documents are submitted before 3 PM on a working day at any branch.
Wellness Rewards & Digital Convenience
Axis Max Life Insurance offers a seamless digital experience through its mobile app and online services, allowing policyholders to manage policies, pay premiums, track claims, and access AI-powered support anytime. The insurer also encourages healthier lifestyles through the Max Fit Program, where customers can earn premium discounts of up to 5.7% by completing fitness goals and maintaining healthy habits.
Special Exit Value Benefit
The Special Exit Value benefit allows policyholders to voluntarily terminate their policy at a specific, predetermined time and receive a full refund of all base premiums paid, excluding taxes and rider fees.
Premium Holiday Feature
Axis Max Life's term plans include a Premium Holiday Feature that allows policyholders to skip premium payments twice in a policy year, though this option can only be used again after a gap of at least 10 years.
High Claim Settlement Reliability
Axis Max Life Insurance has maintained a strong and consistent Death Claims Paid Ratio over the last five years, reflecting its focus on fast and dependable claim support for policyholders’ families. For FY 2024–25, the insurer reported a Death Claims Paid Ratio of 99.70%, continuing its steady upward trend from previous years: 99.34% in 2022, 99.51% in 2023, and 99.65% in 2024.
Tax Benefits Under the Income Tax Act
With the Axis Max Life Insurance Policy, one can take tax benefits under
Section 80C of the Income Tax Act 1961 (Section 123 of the new Income Tax Act 2025), a term life insurance policy offers tax savings of up to ₹1.5 lakh annually on the premium paid, if one opts for the old tax regime.
Additionally, the death benefit received by the nominee under a term insurance plan is exempt from tax under Section 10(10D), subject to applicable conditions.
Wide Range of Plans
Axis Max Life Insurance offers plans across multiple categories:
Term Insurance – Pure protection at affordable premiums
Savings Plans – Guaranteed returns with life cover
ULIPs – Market-linked growth combined with insurance
Pension Plans – Retirement income planning
Dual Benefit: Insurance + Investment
Certain Axis Max Life plans combine life coverage with investment growth, offering market-linked or guaranteed returns. This ensures your family is financially protected and that your money continues to grow over time. These plans offer market-linked or guaranteed returns, enabling you to build a financial cushion for the future.
The Axis Max Life Insurance Company offers various types of life insurance plans to cater to the diverse needs of its policyholders. Let's look at the term plans offered by Axis Life Insurance Company:
Let’s understand Axis Max term plan in detail:
The Axis Max Life Smart Term Plan Plus is a pure-risk life insurance policy offering high coverage up to age 85 (and up to 100 years on select variants).
Key Features of Axis Max Smart Term Plan Plus
Plan Variants: Choose from 7 different cover variants, including Regular Cover, Income Protection, and Return of Premium (ROP).
Cover Continuance: Allows you to defer due premiums for up to 12 months in financial emergencies while maintaining full risk cover.
Special Exit Value: An in-built "zero cost" feature that lets you get back all base premiums paid if you exit the policy from the 30th year onward (conditions apply).
The Axis Max Life Smart Secure Plus Plan is a customizable plan that offers comprehensive life coverage up to age 85, high claims settlement and special riders for critical illnesses and accidental disabilities.
Key Features of Axis Max Smart Secure Plus Plan
Terminal Illness Benefit: Provides an accelerated payout up to ₹1 Crore upon the diagnosis of a terminal illness without increasing your premium.
Special Exit Value: Allows you to cancel your policy at a specified point in the term and receive all premiums paid back completely free of cost (if the ROP variant is not chosen).
Premium Break Option: Enables you to skip paying premiums for up to a year during financial difficulties while keeping your coverage active.
It is a pure-risk term insurance plan that offers comprehensive life cover, a special exit value, immediate InstaClaim payouts, and a Cover Continuance Benefit allowing a 12-month premium deferral.
Key Features of Axis Max Life Smart Total Elite Protection
Terminal Illness Benefit: Provides accelerated coverage (up to ₹1 Crore) upon the diagnosis of a terminal illness without any additional premium.
Special Exit Value: Allows you to receive all paid premiums back, starting from the 30th policy year (excluding the last 4 years), at no extra cost.
Cover Continuance Benefit: Gives policyholders the flexibility to defer due premiums for up to 12 months without losing full risk coverage, applicable after 3 continuous policy years
The Axis Max Life Saral Jeevan Bima is a standardized term life insurance plan designed to provide affordable financial security to your family.
Key Features of Axis Max Saral Jeevan Bima:
Coverage for All Individuals: Get life insurance protection without restrictions on education, occupation, gender, or place of residence.
Flexible Premium Payment Options: Choose Regular Pay, Limited Pay, or Single Pay options as per your convenience.
Long-Term Life Cover: Stay protected for up to 70 years of age with policy terms ranging from 5 to 40 years.
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) | Maximum Maturity Age | Policy Term |
| Axis Max Life Flexi Wealth Plus | 91 days-70 years | 85years/100 years | Wealth Variant:10 to 67 years (pick a policy term) Whole life variant:100-Entry Age |
| Axis Max Life Online Savings Plan | Minimum: 18 years Maximum: Variant 1: 60 years Variant 2: 54 years | Variant 1: 85 Years Variant 2: 64 years | Variant 1:Minimum 5 years; Maximum 52 years for Maturity Age <=70 Years Minimum 10 years; Maximum 67 years for Maturity Age > 70 years Variant 2:Minimum – 5 years; Maximum – 30 years |
| Axis Max Life Shiksha Plus Super | 21-47 years | 65 years | 10 years for 5 years and 15-25 years for regular pay |
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns |
|---|---|---|---|---|
| Axis Max Life Balanced Fund | ₹79.65 | ₹1914 Cr | 6.86% | 8.03% |
| Axis Max Life Growth Fund | ₹110.89 | ₹6294 Cr | 6.98% | 8.84% |
| Axis Max Life High Growth Fund | ₹127.79 | ₹15248 Cr | 20.2% | 19.8% |
| Axis Max Life Secure Fund | ₹48.45 | ₹1050 Cr | 5.84% | 6.25% |
| Axis Max Life Conservative Fund | ₹59.59 | ₹181 Cr | 5.93% | 6.64% |
| Axis Max Life Secure Plus Fund | ₹34.39 | ₹162 Cr | 5.49% | 6.41% |
| Axis Max Life Dynamic Bond Fund | ₹14.04 | ₹38 Cr | 5.5% | - |
| Axis Max Life Money Market II Fund | ₹13.3 | ₹110 Cr | 5.3% | - |
| Axis Max Life Sustainable Equity Fund | ₹18.24 | ₹657 Cr | - | - |
| Axis Max Life Pure Growth Fund | ₹17.1 | ₹574 Cr | - | - |
| Axis Max Life SmallCap Quality Index Fund | ₹13.3 | ₹1338 Cr | - | - |
| Axis Max Life Midcap Momentum Index Fund | ₹12.2 | ₹1372 Cr | - | - |
| Axis Max Life Nifty Alpha 50 Fund | ₹10.62 | ₹851 Cr | - | - |
| Axis Max Life Nifty 500 Momentum 50 Fund | ₹8.65 | ₹307 Cr | - | - |
| Axis Max Life Nifty Momentum Quality 50 Fund | ₹9.58 | ₹164 Cr | - | - |
| Axis Max Life Nifty 500 Multifactor 50 Index Fund | ₹9.65 | ₹91 Cr | - | - |
| Axis Max Life Pension Balanced | ₹54.74 | ₹46 Cr | 6.48% | 8.09% |
| Axis Max Life Pension Conservative | ₹45.87 | ₹4 Cr | 5.79% | 6.61% |
| Axis Max Life Pension Growth | ₹71.61 | ₹203 Cr | 7.9% | 9.34% |
| Axis Max Life Pension Growth Super | ₹60.59 | ₹222 Cr | 11.23% | 13.48% |
| Axis Max Life Pension Secure | ₹40.87 | ₹22 Cr | 5.39% | 5.75% |
| Axis Max Life Nifty 500 Multifactor 50 Index Pension Fund | ₹9.5 | ₹40 Cr | - | - |
| Axis Max Life Smart Innovation Fund | ₹12.31 | ₹85 Cr | - | - |
| Axis Max Life High Growth Pension Fund | ₹11.06 | ₹38 Cr | - | - |
| Axis Max Life India Consumption Opportunities Fund | ₹9.45 | ₹47 Cr | - | - |
| Axis Max Life High Growth Fund II | ₹11.46 | ₹255 Cr | 18% | 18.4% |
| Axis Max Life Sustainable Wealth 50 Index Pension Fund | ₹11.05 | ₹6 Cr | - | - |
| Axis Max Life Diversified Equity Fund II | ₹10.51 | ₹24 Cr | - | - |
| Axis Max Life Growth Super Fund II | ₹10.24 | ₹45 Cr | - | - |
| Max New York Life Super Growth | ₹82.1 | ₹11466 Cr | 8.41% | 11.85% |
| Max New York Life Guaranteed Dynamic | ₹35.87 | ₹2 Cr | 4.94% | 6.05% |
| Max New York Life Pension Maximiser Fund | ₹33.61 | ₹401 Cr | 7.31% | 8.81% |
| Max New York Life Pension Preserver Fund | ₹26.99 | ₹55 Cr | 5.5% | 6.5% |
| MAX life Diversified Equity Fund | ₹31.53 | ₹3532 Cr | 12.22% | - |
| Max New York Life Dynamic Opportunities | ₹54.28 | ₹330 Cr | 8.17% | 9.39% |
| Max New York Life Money Market | ₹24.27 | ₹5 Cr | 4.93% | 4.6% |
| Max Life Discontinuance Fund Individual | ₹21.3 | ₹5549 Cr | 5.32% | - |
| Max Life Discontinuance Fund Pension | ₹21.45 | ₹144 Cr | 5.17% | - |
| Max Life Group Growth Fund | ₹67.01 | ₹88 Cr | 8.97% | - |
| Max Life Group Balance Fund | ₹60.24 | ₹120 Cr | 7.3% | - |
| Max Life Group Conservative Fund | ₹45.05 | ₹143 Cr | 6.08% | - |
| Max Life Group Bond Fund | ₹24.1 | ₹26 Cr | 5.95% | - |
| Max Life Group Superannuation Plan - Conservative Fund | ₹31.98 | ₹1 Cr | 5.1% | - |
| Axis Max Life BSE 500 Value 50 Index Fund | ₹11.06 | ₹164 Cr | - | - |
Let’s explore more about Axis Max ULIP Plans:
It is a unit-linked insurance plan (ULIP) that combines life protection with market-linked wealth creation. The plan allows you to invest as per your risk preference, build long-term savings and secure your family’s financial goals with flexible investment and withdrawal options.
Key Features of Axis Max Life Flexi Wealth Plus Plan:
Market-Linked Investment Options: Choose from 23 funds and 5 investment strategies based on your financial goals and risk appetite.
Wealth Boosting Benefits: Grow your fund value with Guaranteed Loyalty Additions, Guaranteed Wealth Boosters and Return of Mortality Charges.
Flexible Withdrawals & Switching: Make partial withdrawals after the lock-in period and switch funds anytime without charges.
Axis Max Life Online Savings Plan is a unit-linked insurance plan (ULIP) designed to help individuals build long-term wealth while providing life insurance protection.
Key Features of Axis Max Life Online Savings Plan:
Wide Range of Fund Options: Choose from 25+ funds and investment strategies to match your risk profile and wealth goals.
Zero Allocation & Administration Charges: Grow your investment without any policy administration or premium allocation charges.
Unlimited Free Fund Switching: Move between equity and debt funds anytime to manage your investments based on market conditions.
A unit-linked child insurance plan designed to help parents build a financial fund for their child’s education and future goals. The plan combines market-linked investment opportunities with life protection, ensuring financial support for your child even in your absence.
Key Features of Axis Max Life Shiksha Plus Super Plan:
Child Education Protection: Secure your child’s future with policy continuance benefits in case of the parent’s unfortunate demise.
Multiple Fund Options: Choose from 18+ fund options across equity, debt and money market instruments based on your goals.
Guaranteed Loyalty Additions: Receive additional units added to your fund every year from the end of the 11th policy year.
Axis Max Pension Plans are designed to help you build a secure corpus during your working years and provide guaranteed, lifelong income post-retirement. Below are the pension plans offered by Axis Max Life Insurance
| Plan Name | Entry Age | Vesting Age | Minimum Premium |
| Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan | 25-85 years | 25year 1month - 97 years | The minimum premium allowed is Rs. 12,000 annually, Rs. 6,000 semi-annually, Rs. 3,000 quarterly, or Rs. 1,000 monthly. |
| Axis Max Guaranteed Lifetime Income Plan | 25-85 years | 10- 90 years | Minimum: Rs. 12,000 per annum or Rs. 1,000 per month |
| Axis Max Life Forever Young Pension Plan | 18-70 years | 40-80 years | For Single Pay: Rs 1,00,000 For Regular Pay and Limited Pay: Rs 24,000 per annum |
| Axis Max Life Flexi Wealth Advantage Plan | 91 days- 65 years | - | - |
Let’s understand more about Axis Max Pension Plans:
It is an annuity savings plan designed to provide a guaranteed regular income after retirement. The plan allows policyholders to secure lifelong income by locking in annuity rates at the time of purchase, along with flexible premium and return of premium options.
Key Features of Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan are:
Guaranteed Regular Income: The plan helps you secure predictable income after retirement with multiple annuity options.
Increasing Annuity Option: Choose growing income variants to help manage the impact of inflation.
Return of Premium Benefit: Get partial or complete premium refund options on death or selected age milestones.
Axis Max Life Guaranteed Lifetime Income Plan is a non-linked, non-participating individual annuity savings plan designed to help individuals secure a guaranteed income stream during retirement. The plan offers immediate and deferred annuity options, allowing policyholders to start income immediately or lock in annuity rates today for future retirement needs.
Key Features of Axis Max Guaranteed Lifetime Income Plan:
Guaranteed Lifetime Income: Receive regular income for life with single life or joint life annuity options.
Deferred Annuity Option: Start planning early and lock in current annuity rates for future guaranteed income.
Spouse Income Continuation: Under the joint life annuity option, the spouse can continue receiving income after the policyholder’s demise.
Axis Max Life Forever Young Pension Plan is a unit-linked, non-participating individual pension plan designed to help individuals build a retirement corpus through market-linked investments. The plan offers multiple fund options, corpus enhancement opportunities and additional benefits to secure the financial future of the policyholder and their spouse.
Key Features of Axis Max Life Forever Young Pension Plan:
Market-Linked Retirement Corpus: Build a retirement fund by investing across 10+ fund options based on your financial goals.
Corpus Enhancement Option: Increase your retirement savings through top-up premiums during the policy term.
Spouse Protection Benefit: Secure your partner’s financial future with the Partner Care Rider.
Axis Max Life Flexi Wealth Advantage Plan is a unit-linked plan designed to help individuals create long-term wealth while providing life protection. The plan offers multiple investment options, wealth enhancement benefits and flexibility to align investments with changing financial goals.
Key Features of Axis Max Life Flexi Wealth Advantage Plan
Return of Charges at Maturity: Get eligible ULIP charges added back to your fund value at maturity, as per the selected variant and premium amount.
Smart Withdrawal Option: Create a secondary income stream by making systematic withdrawals under the Whole Life variant.
Guaranteed Loyalty Additions: Receive additional fund value benefits from the 8th policy year onwards, based on the applicable premium band.
The minimum annuity is in accordance with the Minimum Limits for Annuities and other Benefits Regulations, 2015
Axis Max Life Term Insurance for NRIs is designed for those Indians who are living abroad and want to secure their family’s future back home. The plan offers flexible policy terms, online buying, and coverage that continues worldwide. Even if you're away from India for years, your family can rely on this plan’s financial protection. Axis Max Life Insurance is open to Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) who want to secure long-term financial protection for their families back home.
You will need to submit the below documents to buy Axis Max Life Term Insurance as an NRI,
Front and back side of Passport
Valid visa
Latest entry-exit stamp
Recent photograph
Overseas address proof
Employment ID
Bank statements of last 6 months
Salary slips of last 3 months
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: From the list of insurers, choose Axis Max Life Insurance.
Step 5: Fill your full name, your occupation, your email, your yearly income and your educational qualification
Step 6: Also, mention your city, pin code and nationality.
Step 7: Select your preferred payment method and complete the purchase by paying.
*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.
Lowest Price Guarantee
Up to 15% Online Discount
Dedicated Claim Support
100% Calls Recorded for Transparency
Advisors Available in 110+ Cities
Axis Max Life Insurance is ideal for young professionals seeking affordable, early-locked premiums, parents requiring dedicated child and savings plans, and business owners. It is also highly beneficial for women, offering special premium discounts and comprehensive coverage.
Salaried professionals
Great for people with fixed incomes, home loans, or EMIs who want a lot of life insurance for a low cost and flexible payout options.
People who own a business
Good for people with variable incomes who need flexible ways to pay their premiums and more coverage to protect their family and business from debt.
Young people getting their first term plan
A good choice for people just starting out in their careers who want to lock in low premiums and get long-term coverage before they have to take on big responsibilities in life.
NRIs who have dependents in India
Good for NRIs who want to cover the whole world and have a safe way to protect their family members' money in India.
Parents making plans for their child's schooling
Axis Max Life Insurance is suitable for parents who want to create a separate education fund for their children and secure their future dreams even in their absence.
Axis Max Life Insurance offers a comprehensive digital ecosystem that enables customers to buy, manage, and service their policies online. Through its official website and mobile application, policyholders can pay renewal premiums, download policy documents, update personal and bank details, track wellness rewards, register service requests, and track claims without visiting a branch. These digital self-service facilities make policy management faster, more convenient, and accessible from anywhere.
The Axis Max Life Insurance App is a mobile app. It is meant to help people manage their life insurance policies and view their policy details. It also helps in making online payments and purchasing new plans. Key Features of the Axis Max app are:
You can check your policy details, download essential documents, track claims and pay renewals without any hassle.
Easily browse and buy plans across term, savings, ULIP and retirement categories directly through the app.
The app allows the policyholder to use health assessments, track their activity and collect wellness rewards linked to their fitness efforts.
Get quick help from the AI-based MILI assistant or switch to live chat when you need a human touch.
One can handle everything from your phone anytime, with round-the-clock access to all services.
The Axis Max Life Insurance app allows you to manage policies, pay premiums, and track wellness goals on the go. You can use the Max Life Insurance app by following the steps below
Step 1: You need to first download the Axis Max Life Insurance App from the Google Play Store or Apple App Store.
Step 2: After downloading it, sign-up in the app by using your policy number, registered mobile number, or email ID.
Step 3: Log in securely to access your dashboard.
Step 4: After logging in, you can check the policy details, pay the premiums, raise a complaint and manage your policy easily
Follow the steps below to login to Axis Max Life Insurance account.
Step 1: Go to the Axis Max Life Insurance Company’s official website
Step 2: Click the 'Login' button, that is available on the top right corner of the homepage
Step 3: From the login options available, choose 'Customer'
Step 4: Enter Your Credentials, such as: the Policy Number or Registered Email ID/Mobile Number and Date of Birth (DOB). After this enter the captcha code displayed
Step 5: You will get a one-time password (OTP) on your registered mobile number or email. Enter the OTP to proceed.
Step 6: After logging in, you can access the policy details, make premium payments, update contact information, download your premium receipts, and more.
Follow the below steps to renew the Axis Max Life Insurance policy:
Step 1: Click on Life Insurance Renewal
Step 2: Choose from the list of insurers mentioned, select Axis Max Life Insurance
Step 3: Enter your Policy Number and DOB and click ‘Continue’
Step 4: Fill out rest of the information and send the required documents
Step 5: To keep your policy active, pay the premium. You can pay your premium online through net banking, credit card, debit card, or other electronic payment methods
*Note: If you need more help or have any other questions you can contact the Axis Max Life Insurance customer care. You can also get the information of your Axis Max Life policy details you can go to Axis Max Life Insurance policy details.
Paying the premiums for your Axis Max Bank Life Insurance policy is very easy. Here's how you can make an Axis Max Life Insurance Online payment:
Step 1: Go to the Axis Max Life Insurance Website
Step 2: Click on the “Customer Login” button.
Step 3: Enter your credentials (User ID and Password) to access your account. This is your max life insurance login premium payment portal.
Step 4: Look for the "Payments" section or select "Pay Premium." You can pay for max life insurance premiums online from this section.
Step 5: Enter Your Axis Max Life Insurance policy details, such as your policy number, to proceed.
Step 6: Choose your preferred payment method (credit/debit card, net banking, etc.) for the Max Life Insurance online payment premium.
Step 7: Once the payment is processed, you will receive a confirmation via email or SMS.
Axis Max Life Insurance provides a convenient and hassle-free claim intimation and settlement procedure. The insurance company processes claims by ensuring that the claim amount 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. Axis Max Life Insurance Co. Ltd. has a claim settlement ratio of 99.8% for the FY 2025-26.
Axis Max Life Insurance Company offers a quick, hassle-free claim settlement process. 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: Submit the Documents
You or your nominee need to upload the important 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.
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
Other than the above documents, the insurer may ask for additional documents suc as: These additional documents are required to submit as per the cause of death:
Medical / Natural Death: Attending Physician's Statement (Form C), and complete medical records, including admission notes, discharge/death summary, and test reports.
Accidental / Unnatural Death: Copy of the FIR/Police complaint, Post Mortem Report (PMR)/Autopsy, and Final Police Investigation Report (FPIR) / Charge Sheet.
Here are some tips to make sure your life insurance claim doesn't get rejected:
Give Correct 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.
File Claims right away: If you have a claim, notify your insurance provider immediately. Delays in filing could raise suspicions and lead to rejection.
Pay premiums on time: 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.
Understand the reasons for Axis Max Life Insurance Claim Rejection to effectively improve the chances of an easier Max Life claim settlement.
The Axis Max Life Insurance payout structure depends on your plan type and the specific benefit being paid. Depending on the policy you've chosen, benefits may be paid as a one-time lump sum, regular income instalments, or a combination of both. Once your documents are verified and the claim or servicing request is processed, Axis Max Life credits the payout directly to your registered bank account in Indian Rupees.
| Payout Type | What It Means |
| Lump Sum Payout | The nominee or policyholder receives the entire sum assured (plus applicable bonuses/returns, where relevant) in one go — the most common option, useful for clearing loans or large one-time expenses. |
| Fixed Monthly Income | The nominee receives a fixed monthly payout for a pre-selected period (e.g., 10 years) instead of a lump sum — common on income-variant term plans. |
| Increasing Monthly Income | Monthly payouts rise by a fixed percentage each year, helping the income keep pace with inflation over the payout period. |
| Lump Sum + Monthly Income | A portion of the death benefit is paid upfront, with the remainder disbursed as monthly income over a chosen period, combining immediate liquidity with ongoing support. |
| Return of Premium (ROP) | Available on select plans; if the policyholder survives the full policy term, all base premiums paid are returned. |
| Maturity/Survival Benefit | On savings, ULIP, and pension plans, guaranteed additions, bonuses, or fund value are paid out on maturity or at chosen survival milestones. |
Axis Max Life settles most policy payouts electronically for faster, more secure disbursement:
Direct Bank Transfer (Default Mode): Claim, maturity, survival, and income benefits are transferred electronically (NEFT) to the policyholder's or nominee's registered bank account — the fastest way to receive your payout.
Cheque/Demand Draft: In select cases, such as certain NRI/NRO account requirements or where electronic transfer isn't possible, Axis Max Life issues a cheque or DD to the registered correspondence address.
You can get in touch with Axis Max Life Insurance customer care through various channels:
You can get in touch with Max Life customer service by scanning the QR code on the official website or sending a text message to +91 74283 96005 from your registered mobile number.
Manage your Axis Bank life policy conveniently by logging into the Customer Login section on the Axis Max Life Insurance website.
For assistance, write to service.helpdesk@maxlifeinsurance.com using your registered email ID. The usual response time is 5 days.
For existing customers: Call 1860 120 5577 (Monday to Saturday, 9:00 AM – 6:00 PM) from your registered mobile number.
If you are an NRI customer, you can contact +91 11 71025900 or +91 11 61329950 (Available 24x7). You can also email nri.helpdesk@maxlifeinsurance.com.
You can also contact Axis Max Life Insurance for your claims-related queries through their multiple support channels:
Email Support: claims.support@axismaxlife.com
Customer Care Helpline: 1860-120-5577
Claims Support Numbers: +91 74289 89574 / +91 74289 89554
Landline Support: 0124-4219090 (Ext. 9699)
WhatsApp Assistance: +91 74289 89574
Group Claims Helpdesk: +91 74289 89590
Customer Support Hours: Monday to Saturday, 9:30 AM to 6:30 PM (excluding public holidays).
To locate the nearest Axis Max Life Insurance branch, you can use the Axis Max Life Insurance Branch Locator available on their official website.
Visit the official Axis Max Life Insurance Branch Locator.
Enter your city name or PIN code in the search box.
The website will display the nearest branches with addresses and contact details.
Official Page: Axis Max Life Insurance Limited
With 412K+ followers, Axis Max Life Insurance uses LinkedIn to share company updates, insurance insights, career opportunities, financial awareness content, and industry news. Users can engage by commenting on posts and following the page for updates and job opportunities.
Official Page: @axis_max_life_insurance
With 300K+ followers and over 1,600 posts, Axis Max Life Insurance shares insurance awareness content, campaign highlights, financial tips, and customer engagement posts on Instagram. Users can connect through Direct Messages (DMs), comments, and story replies for general queries and support.
Official Page: Axis Max Life Insurance
With around 900K followers, Axis Max Life Insurance regularly shares customer-focused campaigns, financial planning tips, product information, and awareness content on Facebook. Users can connect through Facebook Messenger or comments for assistance and support.
Official Channel: Axis Max Life Insurance (@axismaxlifeinsurance)
With 75K+ subscribers and over 729 videos, Axis Max Life Insurance uploads insurance awareness videos, customer stories, financial planning tips, and product explainers on YouTube. Users can post queries and feedback through the comments section and explore official support details in the channel’s About section.
Yes, Axis Max Life Insurance is a good insurance company to choose in 2026. Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd is backed by a strong partnership between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. The company offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners.
However, the right plan depends on your financial goals. Here is an honest review of Axis Max Life Insurance, backed by IRDAI and ICRA data, showing that the company has consistently delivered on its promises.
Claim performance: The company has improved its individual death claim paid ratio each year for 5 consecutive years, reaching a record 99.8% in FY 2025–26. Its InstaClaim service settles eligible claims within 3 hours, among the fastest claim settlement turnarounds offered by large private insurers in India.
Financial strength: Axis Max Life holds a solvency ratio of 201% as of March 2025 (regulatory minimum: 150%), following a ₹1,612 crore capital infusion by Axis Bank in April 2024. ICRA has reaffirmed its credit rating with a Stable outlook, citing the company's established distribution network and consistent mortality experience.
Market position: It ranks among the top four private life insurers by individual adjusted first-year premium, with a 7% market share in the first half of FY2026. It is also the third-largest private insurer by individual sum assured written.
Customer satisfaction: Ranked among the top private life insurers in customer satisfaction studies, such as Hansa Research Life Insurance CuES 2026.
Policybazaar’s Take:
If claim reliability and financial stability are your top priorities when choosing a term plan, Axis Max Life is among the best-positioned private insurers in India right now. The 0% GST on individual life insurance premiums (effective September 22, 2025) makes 2026 a particularly good time to lock in a plan.
˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
+On the basis of your profile
+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10
+Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10
+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10
+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10
+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.
+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.
+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.
+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.
+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2026 policybazaar.com. All Rights Reserved
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
Policybazaar offers the following types of term insurance plans to fit the different needs of Individuals from all walks of life.
Check out the recent and popular articles on term insurance listed below to see what's new in term insurance
Insurance
Calculators
Payment Methods
Secured With
Follow us on
