Axis Max Life Smart Total Elite Protection Vs SBI Life eShield

Axis Max Life Smart Total Elite Protection

Premium starts ₹587/month

Claim Settlement Ratio

99.8%

SBI Life eShield

Premium starts from ₹670/month

Claim Settlement Ratio

98.3%

₹1 Crore Life cover starting from ⁺

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Know More About Plans

Axis Max Life Smart Total Elite Protection is a pure term plan built for flexibility. You can choose a policy term from 10 to 67 years, add accident cover later in the policy, and pay premiums your way: once, for a limited period, till age 60, or throughout the term. At claim time, your nominee decides how to receive the money: as a lump sum, a monthly income, or both.

It also lets you get all your premiums back through the Special Exit Value option, at no extra cost.

Here are some key features of this plan:

Policy Term from 10 to 67 Years

Nominee Chooses Payout at Claim

Premiums Back via Special Exit Value

Cover Continuance Benefit

Insta Payment up to ₹2 Lakh

Inbuilt Terminal Illness Cover

Comparison

Comparison between Plans

Axis Max Life Smart Total Elite Protection

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SBI Life eShield

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About Plan (9 Key Differences)

Key Features

Flexible Payout Options
Special Exit Value
Cover Continuance Benefit

Level & Increasing Cover
Terminal Illness Benefit
Fully Online

Plan Maturity age

Maximum Maturity Age - 85 years (base cover and accident cover)

Maximum Maturity Age - 80 years (Level Cover), 75 years (Increasing Cover)

Plan Sum Assured

Base sum assured: subject to minimum premium and underwriting

Base sum assured: ₹35 lakh (in multiples of ₹1 lakh)

Plan Entry Age

Minimum Age - 18 years, Maximum Age - 65 years (44 years for Pay till 60)

Minimum Age - 18 years, Maximum Age - 65 years (60 years for Increasing Cover)

Plan Variants

None

Level Cover, Increasing Cover

Plan Payment modes

Single, regular, limited (5, 10, 12, 15 years) or pay till 60; annual, half-yearly, quarterly & monthly (mode can be changed anytime)

Regular pay; yearly, half-yearly, quarterly & monthly

Terminal Illness Cover

Built in; paid early from the death benefit, capped at ₹1 crore

Full death benefit paid early on diagnosis

Payout Options

Lump sum; monthly income; part lump sum + part monthly income (nominee chooses at claim)

Lump sum

Return of Premium

Available through Special Exit Value (from policy year 30, for policy terms of 40 years or more)

Not available

Rider of Different Plans

Accident Cover

Get an extra payout on top of your base cover if death happens due to an accident. You can add it at purchase or once during the first 10 policy years.

Critical Illness and Disability Rider

Get cover against the risk of critical illness and disability.

Waiver of Premium Plus Rider

Your future premiums are waived in case of death, disability or critical illness, as covered under the rider, and your policy continues

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˜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.

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