Axis Max Life Insurance Benefits

What Are The Key Benefits Of Axis Max Life Insurance?

Axis Max Life Insurance offers a wide range of benefits to its customers for their simplified insurance experience, and some of them are listed below:

1. Multiple Variants of Death Benefit 

   Axis Max Life Insurance provides you a total of 7 death benefit variants to allow you to customize your protection at reasonable prices. You can avail your preferred variant from out of the following list at the time of the initial purchase:

   • Life Cover

   • Inflation + Income Protector

   • Life Cover + Increasing Income

   • Life Cover + Income

   • Income Protector

   • Reducing Cover

   • Increasing Cover

2. Multiple Options of Premium Payment

   Axis Max Life Insurance allows the policyholder to choose from the below listed premium payment options, whether for a limited period or for the entire policy term:

   • Monthly

   • Quarterly

   • Half-yearly

   • Yearly

3. High Claim Settlement Ratio

   Axis Max Life Insurance has a high claim settlement ratio of 99.34% in 2021-22, which means that it settles a large percentage of claims that are filed by the claimants/nominees of the deceased policyholders.

4. Strong Solvency Ratio

   Axis Max Life Insurance has a strong financial position with a Solvency Ratio of 2.04 in financial year 2021-22, indicating its ability to meet its obligations to policyholders and solving their claim requests easily.

5. Premium Back Variant

   This variant is available for the Max Life Smart Term Plan and provides a benefit in the form of a ‘premium back’. Under this option, 100% of the all paid premiums, along with the extra underwriting premiums, will be paid once the policy term is over and the policyholder successfully outlives the policy period. However, you will only be able to choose this option at the time of initial purchase. 

6. Multiple Riders Options

   Axis Max Life Insurance offers multiple riders that can be added to the base policy for enhanced coverage, such as Accelerated Critical Illness Rider, Waiver of Premium Plus Rider etc.

7. Option of Life Stage Add on Sum Assured

   This option allows the policyholder to avail the benefit during future life stages, such as wedding, childbirth, home loans etc. 

8. Tax Benefits

   Axis Max Life Insurance policies offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

How To Buy Axis Max Life Insurance From Policybazaar?

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

• Step 1: Visit the Life Insurance page of Policybazaar

• Step 2: Choose Term Insurance from the two options available; i.e. Term Insurance and Investment Plan

• Step 3: Fill your details, like Name, Contact Number and DOB

• Step 4: Fill in the rest of the required details, like Smoking Habits, Educational Qualifications, Annual Income and Occupation type; and then Click on ‘View Plans’

• Step 5: Select the Max term plan from the list of options mentioned to you

• Step 6: Submit your full name, occupation, email, qualification and annual income

• Step 7: Fill in your city, pincode and nationality

• Step 8: Choose a preferred payment option and pay the premium to complete the purchase

Wrapping It Up!

Axis Max Life Insurance provides an array of plans for each of your requirements and makes sure that the claims are settled without hassle. They also offer 24x7 customer care service to those who require assistance or need to solve their queries.

FAQs