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Axis Max Life Term Insurance Benefits

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Axis Max Life Term Insurance
Highlights
Claim Settlement Ratio99.65%
Death Benefit Paid For15,342 Policies
Inception2000
Presence269 Offices
Total Death Benefit Paid562.54 Crore
Wish

Written by Saad Ahmad

Updated Dec 19, 2024

Term plans offered by Axis Max Life Insurance can be considered as the bedrock of financial planning. These plans keep the insured's family financially secured in case of misfortune event of his/her demise. One of the core benefits of Axis Max Life term plans is that they offer high coverage to the policyholder at an affordable premium. You can also club these term insurance plans with various riders provided by the insurer, to enjoy additional coverage by paying an additional premium at the time of policy purchase.

Axis Max Life Term Insurance Benefits

Axis Max Life Term Insurance policies provide multiple benefits to its valued customers. Some reasons to purchase it are mentioned below:

  • Higher Coverage at Lower Premium: Axis Max Life Term Insurance plans offer significant life cover at affordable rates. The earlier you buy the Axis Max Life Term Insurance plan, the lower premium you will have to pay.
  • High Maturity Age: Under Axis Max Life Term Insurance plans, you can choose long term policy cover till the age of 85 years.
  • Riders For Additional Benefits: Axis Max Life Term Insurance plans come with riders you can add to get Additional Benefits in your Axis Max Life Term Insurance Plan. For example, the Axis Max Life Term Insurance Waiver of Premium Plus Rider offers the benefit of waiver of all future premiums based on conditions mentioned in the term insurance policy.
  • Multiple Premium Payment Options: Under the Axis Max Life Term Insurance plan you get flexible premium payout options (Regular Pay/Limited Pay Options)
  • Tax Benefits: Axis Max Life Term Insurance Plan offers Tax Benefits under Section 80C under The Income Tax Act.
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Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Axis Max Life Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.7%
Starting From ₹ 1132/Month
Key Features:
  • Right Green Tick Special Exit Benefit
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User Reviews

4.6
Rating based on
162 User reviews
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What users are saying
  • All
  • Enlightening experience

    As a stay-at-home mom, I often overlook my financial security along with my family. InsuranceDekho has helped me understand the importance of term plans for homemakers and suggested the Max Life Term Insurance Plan that protects my family.

    Read More

    M
    Axis Max
    By Manisha Desai
    On: Jun 19, 2024
  • Policy Renewal was Easy

    I have renewed my Max Life Term Insurance policy this year with InsuranceDekho and the process was quick. Their customer login and dashboard is simple and easy to use. Good website

    Read More

    C
    Axis Max
    By Christina Murmu
    On: Feb 29, 2024
  • Nice Company

    I am thankful to InsuranceDekho. Thank you for suggesting Max's life-term insurance. I claimed my insurance policy, for which the claim settlement was very quick. The customer team updated me continuously about the status of my Max life term insurance policy and made sure that my claim was settled smoothly and quickly. Lovely experience!

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    S
    Axis Max
    By Sanchit Raghav
    On: Jan 25, 2024
  • Renew Insurance Easily

    Thank you InsuranceDekho, for helping me renew my Max Term Life Insurance plan easily. The Customer Care team is amazing. I acknowledge their professionalism and I recommend to everyone that they should consider the InsuranceDekho platform to buy, renew, or claim a term Life insurance policy.

    Read More

    V
    Axis Max
    By Varun Yadav
    On: Jan 08, 2024
  • Effortless Process

    The InsuranceDekho Team was very helpful while I was buying the Max life term insurance. The InsuranceDekho coordinator was very attentive and ready to answer all my queries and even helped me buy the right Max term insurance plan.

    Read More

    S
    Axis Max
    By Sahil Kumar
    On: Dec 04, 2023
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Axis Max Life Term Insurance Contact Details

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Claim Process at Axis Max Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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FAQs

  • Why should I choose an Axis Max Life Term Insurance Plan?

    Axis Max Life Insurance is a reliable life insurance provider that offers several features and benefits in its term insurance plans. Apart from this, the company handles the claims well. Also, the insurance company offers high long-term coverage to policyholders which is available till the age of 85 years.

  • How much Axis Max Life Term Life cover do you need?

    As a basic rule, one should buy term life cover up to 10-12 times of their annual income.

  • What is the grace period of the Axis Max Life Term Insurance Plans?

    A grace period of 30 days from the premium due is allowed according to the guidelines by the Insurance Regulatory Authority of India (IRDAI).

  • Can I change the duration of my Axis Max Life Term Insurance plan after the policy is issued to me?

    No. The duration of Axis Max Life Term Insurance cannot be changed once the policy is issued.

  • Are Non-Resident Indians (NRIs) allowed to purchase Axis Max Life Term Insurance Policy?

    Yes, Non-Resident Indians (NRIs) can purchase Axis Max Life Term Insurance if they are Indian citizens, have at any time held an Indian passport, or a person who is legally wedded spouse of an Indian citizen.

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