Axis Max Life Insurance

Axis Max Life Insurance is a joint venture between Axis Bank and Max Financial Services. Formerly known as Max Life Insurance, the company has been operating in India for years and offers life insurance policies that cover income protection, loan security, child education, and retirement planning needs. The insurance company offers options across a wide age and income spectrum, allowing individuals to choose their cover in line with contemporary needs and future commitments. Policies are available on online portals as well as in physical branches, thereby making the buying, management, and servicing of the plans relatively easy for customers.

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Axis Max Life Insurance: Policy Details, Premium & Benefits

Axis Max Life Insurance

Axis Max Life Insurance is a joint venture between Axis Bank and Max Financial Services. Formerly known as Max Life Insurance, the company has been operating in India for years and offers life insurance policies that cover income protection, loan security, child education, and retirement planning needs. The insurance company offers options across a wide age and income spectrum, allowing individuals to choose their cover in line with contemporary needs and future commitments. Policies are available on online portals as well as in physical branches, thereby making the buying, management, and servicing of the plans relatively easy for customers.

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Insurer Highlights
  • Claim Settlement Ratio

    99.70

  • No. of Branches

    405 Branches

  • Claim Settlement Promise

    24 Hours

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 has a wide range of life insurance policies to help you and your family reach your financial goals and protect your future. This is why Axis Max Life could be a good financial choice:

Experience 24-hour claims settlement with a dedicated Claims Relationship Officer
Coverage includes death due to any pandemic, such as COVID-19.
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.
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Axis Max Life Insurance Plans

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:

What Are The Axis Max Life Insurance Riders?

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 aboveGet 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)
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Critical Illnesses Covered Under Axis Max Life Insurance

Axis Max Life Insurance covers many critical illnesses to provide financial protection to the policyholder and their family against life-threatening medical conditions and serious lifestyle diseases. Critical Illness enhances the base life insurance policy and provides complete protection against the uncertainties of life. Illnesses like cancer, stroke, and kidney failure etc. These illnesses can drain all your savings. Below is a list of critical illnesses covered under Axis Max Life's Critical Illness Rider:

How Much Life Insurance Cover Do I Need?

Human Life Value (HLV) is a useful online tool that helps the policy holder to 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 (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 lets you calculate the amount your family would need to live comfortably without you.

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

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.

Axis Max Life1 Crore
Term Insurance
Axis Max Life2 Crore
Term Insurance
Axis Max Life5 Crore
Term Insurance
Axis Max Life75 Lac
Term Insurance
Axis Max Life70 Lac
Term Insurance
Axis 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 makes sure that your loved ones will be financially secure when you are not around. Axis Max Life Insurance policy will help you to give a safety net to your family's financial future

  • Tax Benefits
    With Axis Max Life Insurance Policy, one can take tax benefits under Sections 80C and 10(10D) of the Income Tax Act. Premiums you pay for your life insurance policy will give you tax deductions up to Rs. 1,50,000 per year. Also, the maturity or death benefits are also tax-free, that will help you save money for your future.

  • Creating Wealth with Time
    With the Axis Max Life Insurance plans, you can create wealth over time. With the help of these plans, you can easily achieve long-term goals, such as your child's higher education, their wedding expenses, or buying a home, or saving for retirement.

  • Options to make Flexible Premium Payments
    With Axis Max Life, you can choose how often you want to pay your premiums. You can choose from monthly, quarterly, half-yearly, or annually premium payment options. 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
    Every individual has different insurance needs. You can buy a pure protection, or a savings plan or a pension plan. You can also buy market-linked growth through ULIPs. You can choose a policy from Axis Max Bank that fits your present needs as well as future needs.

  • Combined Benefit of Insurance & Investment
    Life Insurance plans offered by Axis Max Life Insurance you can get the dual benefit of life insurance coverage and investment benefit. This makes sure that your family is financially protected and your money also grows over time. These plans offer market-linked or guaranteed returns, enabling you to build a financial cushion for the future.

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

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:

Types of Axis Max Life Plans Types of Axis Max Life Plans

Term Insurance Plan

Axis Max Life Insurance Co. Ltd. offers term insurance plan 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

one crore term plan

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

one crore term plan
plus

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

What is Axis Max Life Insurance for NRI?

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. 

What Documents are Required to Buy Axis Max Life Insurance for NRI?

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

Life Insurer Details

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: 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.

Who Should Choose Axis Max Life Insurance?

  • 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.

Common Customer Queries Answered

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

    PC Max Life Insurance means Max Life Insurance's Partner Connect (PC) portal. It is made for advisors, partners, and employees to manage policies and customer details. It also helps in tracking 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. It happens because, Generally. Life insurance policies accumulate 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?

    Max Life Insurance's MQUOTE is an online tool that helps advisors quickly and accurately get premium quotes for different Max Life plans. Agents can use MQUOTE Max Life Insurance to quickly send proposals to customers, compare policies, and change the amount of coverage and the length of the policy. It saves time and makes sure that customers see all the right plan choices before they buy.
  • How much does it cost to get a 1 Crore Axis Max Life Term Insurance plan?

    The price of a 1 Crore Axis Max Life Term Insurance policy depends on your age, health, lifestyle, and the length of the policy. If you're 18 years old, healthy, and don't smoke, your monthly premium usually starts at ₹400. The online premium calculator will give you the exact amount of your premium right away. You can see the final quote by changing the coverage, riders, and payment options.

How Can I Renew My Axis Max Life Insurance Policy?

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.

What is the Axis Max Life Insurance App?

The Axis Max Life Insurance App is a mobile app. It is meant to help people to manage their life insurance policies, and enable them to view their policy details. It also helps in making online payments, and purchasing new plans. 

Key Features of the 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.

How Can I Use the Axis Max Life Insurance App?

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

How can I log in to the Axis Max Life Insurance Customer Portal?

To log in to your Axis Max Life Insurance account, you need to follow the below steps

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.

How Do I Pay Axis Max Life Online Premium?

Paying the premiums of your Axis Max Bank Life Insurance is a vert easy process:

 Here's how you can do it:

  • Go to 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 Much GST Do I Need to Pay for Axis Max Life Insurance?

Earlier, under the GST regime, the GST rate applicable to all types of individual life insurance premiums was 18%, in addition to the base premium amount of your insurance plan. Taking the example of the purchase of the Axis Max Life Term Insurance Plan with an annual premium of ₹20,000, the GST to be paid would be ₹3,600, making the total premium ₹23,600. However, owing to the recent announcement by the GST Council, from the 22nd of September 2025, the GST applicable to the aforementioned type of insurance has been slashed to 0%. Therefore, the same insurance will only require the payment of ₹20,000, resulting in a saving of ₹3,600.

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 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 Axis Max Life Insurance Co. Ltd. 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 Company 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: 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.

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:

How to avoid rejection on max life How to avoid rejection on max life

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.

How To Contact Axis Max Life Insurance Customer Care?

You can reach out to Axis Max Life Insurance 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.

How can I find the Axis Max Life Insurance Branch Near Me?

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.

FAQs

  • What is the Axis Max Life Insurance?

    Axis Max Life Insurance is a company in India that sells life insurance. Max Financial Services Ltd. and Axis Bank Ltd. are both involved in it. The company sells a range of life insurance products to meet the different financial needs of each person.
  • Is Axis Max Life Insurance a good company?

    Axis Max Life Insurance Company Limited is one of India's best and most trusted companies. The business sells a lot of different types of life insurance.
  • How can I change the nominee in Axis Max Life Insurance Policy?

    To change your Axis Max Life Insurance policy nominee, you need to submit a filled policy amendment form to the nearest Axis Max Life branch office.
  • Can I Surrender my Axis Max Life Insurance Policy Online?

    No, policy surrender typically requires submitting a physical surrender form and the necessary documents to the nearest branch office.
  • Can I buy an Axis Max Life Insurance Policy online?

    Yes, you can easily purchase Axis Max Life Insurance policies online through their website or mobile app.
  • How can I switch my Axis Max Life Insurance Premium Payment mode?

    You can change your Max Life Insurance payment mode by sending a request form to Axis Max Life Insurance. This can be mostly done on your policy's anniversary.
  • Will I get a receipt for my Axis Max Life Insurance premium payments?

    Yes, you will get an official receipt for all Axis Max Life Insurance premium payments paid for your Axis Max Life Insurance policy.
  • Is it possible to revive my Axis Max Life Insurance Policy that was lapsed?

    Yes, you can revive your Max life policy that was lapsed only if it is within the revival period. To do this, you will need to fill out a health declaration form and pay the remaining premiums and revival fees
  • What do I need to do to cancel my Axis Max Life Insurance Policy?

    You can cancel your Axis Max life insurance policy by filling out a cancellation form to the nearest branch office. Some policies may also allow online cancellation through the official website.
  • Will I get Survival Benefits If I have Axis Max Life Insurance Plans?

    The amount you will receive with Axis Max Life Insurance depends on the plan you have chosen.
  • What will happen to my Axis Max Life Insurance Policy if I don’t pay a premium?

    If you don’t pay a premium of your Axis Max Life Insurance Policy, the company will give you a 30-day grace period. If you fail to pay your premium during this time, your policy will lapse.
  • How can I check the policy details of Axis Max Life Insurance policy?

    To check the policy details, you need to Log in to your online account on the Axis Max Life Insurance website or contact customer service.
  • How to pay online premiums for my Axis Max Life Insurance Policy?

    To pay an online premium for your Axis Max Life Insurance, you can choose various online channels, like net banking, debit/credit cards, and ECS.
  • What life insurance plans are offered by Axis Max Life Insurance?

    The Axis Max Life Insurance Company offers many life insurance plans, like term insurance, ULIPs plans, investment plans, child plans and retirement plans.
  • How will I be able to change the premium payment mode in Max Life Insurance Online?

    To change the premium payment of your Axis Max Life Insurance policy, you need to log in to your Axis Max online account. Then go to the policy details section and then select the "Change Payment Mode" option. After this, choose your payment method that suits your needs, and submit the request.
  • What is "MRec" in the Axis Max Life Insurance? How does it work?

    In Max Life Insurance, Monthly Recurring Electronic Clearing (MRec) is an automated payment option that lets you set up standing instructions so your premiums are debited from your bank account every month on the due date. Using MRec Max Life Insurance ensures you never miss a payment, keeps your policy active without manual effort, and removes late-fee worries. To activate it, fill out the e-mandate form when buying the policy or later through your online customer portal; the bank handles the rest.
  • My brother is an NRI. Can he buy Axis Max Life Term Insurance?

    Yes. If you are an NRI, you can buy Axis Max Life Term Insurance. Keep in mind that you meet the basic eligibility conditions, like you have lived Abroad for a specified duration, have Indian parents or grandparents, or are married to an Indian citizen or have held an Indian passport at any point. The entire process can be completed online, including tele or video medicals, so you don’t need to travel back to India to purchase the policy.

˜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

Rs. 400/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. 400/month (Rs.13/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.

+Rs. 230 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. 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. 12/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. 497/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. 487/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. 626/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. 905/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. ₹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

+Rs. 1,267/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.

*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. 447/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.679/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. 910/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. 1,924month 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.

Women

+Rs. 400/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, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

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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˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

Types of term plans

Policybazaar offers the following types of term insurance plans to fit the different needs of Individuals from all walks of life.

Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance
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Max Life Insurance Reviews & Ratings

4.3 / 5 (Based on 101 Reviews)
(Showing Newest 10 reviews)
Eca
Telangana, July 22, 2024
At Policybazaar
At PB website I ended up purchasing a term life insurance policy that I am very happy with.
Sundar
Jharkhand, July 22, 2024
Reliable Term Insurance
I highly recommend PolicyBazaar to anyone looking for reliable insurance options.
Pratap
Maharashtra, July 22, 2024
Recommendable PB
Highly recommend PolicyBazaar for insurance needs.
Aamir
Chhattisgarh, July 22, 2024
Easy and Hassle Free Process
As a busy professional, I needed a quick and hassle-free solution. Policybazaar helped me find Bajaj Allianzs Smart Protect Goal plan. The high coverage and low premium were impressive, and the process was incredibly smooth and straightforward.
Bablu
Gujarat, July 22, 2024
Secure and Affordable
HDFC Click 2 Protect Super Term Plan offered me high coverage at an affordable price. As someone who recently started a small business, this plan ensures my family is protected without straining my finances.
Akash
Maharashtra, July 22, 2024
Easy and Simple
Easy and simple platform on Policybazaar helped me pick Tata AIA for its comprehensive coverage.
Nitin
Haryana, July 22, 2024
Secure and Clear
Secure and clear coverage for my family with ICICI Prudential via Policybazaar. Its comforting to know they are protected.
Silender
Punjab, July 22, 2024
Fast and Reliable
Fast and reliable service from Policybazaar helped me select Bajaj Allianz without any delays.
Yogita
West Bengal, July 22, 2024
Time Saving
Saved a lot of time with Policybazaar. Chose Bajaj Allianz quickly and easily.
Manoj
Gujarat, July 22, 2024
Helpful Guidance
Policybazaars guidance led me to the best term insurance plan from Bajaj Allianz.
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