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Axis Max Life Insurance is a leading insurance company in India and offers a range of life insurance products, such as term plans, savings plans, child plans, retirement plans, and group plans. These products are designed to cater to the diverse needs of individuals, families, and businesses. The insurer is known for its customer-centric approach, innovative product offerings, and strong financial performance. In this article, we will learn about the different benefits of Axis Max Life Insurance and the steps to buy their plans.
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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:
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
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
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.
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.
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.
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.
This option allows the policyholder to avail the benefit during future life stages, such as wedding, childbirth, home loans etc.
Axis Max Life Insurance policies offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
Term Plans
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
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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.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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