OneAssure Verdict

Company Stats

About the company

Insurance Policies

KYC Documents

Claims

Renewals

Contact

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FAQs

Term insurance

Max life insurance company

Axis Max Life Insurance Company

OneAssure Rating

Our Verdict

Axis Max Life Insurance offers cost-effective term plans compared to other insurers, with an optional critical illness rider for additional payout upon diagnosis. It includes no-cost plans, allowing a full refund of premiums if the policy is discontinued. Additionally, it provides the option of increasing sum assured plans, ensuring coverage grows over time for enhanced financial security.

Pros

Faith in brand legacy

Backed by the reliability of Axis Bank and Max Financial Services.

Premium Waiver Benefit

Waiver of premium on accidental disability or terminal illness diagnosed is an additional add-on

Add-on Riders Available

Customizable coverage with optional riders for extra protection.

Pros

Cons

Surrender Charges

High costs for early policy termination.

Limited coverage for PEDs

Some critical illness plans may exclude pre-existing conditions or impose lengthy waiting periods.

Cons

Company Stats

Industry Avg.

14167.1

Max Life Insurance Company

29528.97

Premium Underwritten

Industry Avg.

1.72

Max Life Insurance Company

2.16

Solvency Ratio

Rating 6.6/10

Solvency2.1/4

AUM1.5/3

Growth3/3

About the Company

Axis Max Life Insurance is one of India’s leading private life insurance companies, established in 2000 as a joint venture between Max Financial Services Ltd. and Axis Bank Ltd. Known for its customer-centric approach, the company offers a wide range of life insurance products, including term plans, savings and investment plans, retirement solutions, child plans, and health insurance riders. Axis Max Life focuses on providing long-term financial protection and wealth creation opportunities, ensuring families remain financially secure during life’s uncertainties. With a high claim settlement ratio, tax benefits, and transparent policies, Axis Max Life has built a reputation for trust and reliability.

The Managing director and CEO of this reputed organization is Mr Prashanth Tripathy.

Insurance Policies

Max Smart Secure Plus

Saral Jeevan Bima

KYC Documents Required

Pan Card No.

Aadhar Card

Recent Photograph

Cancelled Cheque with Name Printed

Bank Statements

Salary Slip of Latest 3 Months

Covid Vaccination

Claim Settlement

Claim Procedure

Step 1 - Contact OneAssure Promptly

Step 2 - Submit Necessary Documents

Step 3 - Verification and Assessment

Step 4 - Claim Settlement Process

Renewal

Online Renewal

Step 1 - Visit the official Max Life Insurance website.

Step 2 - Log in to your account using your policy number and password.

Step 3 - Navigate to the "Renew Policy" section on the dashboard.

Step 4 - Enter the required details, including the renewal amount and payment method.

Step 5 - Complete the payment and receive an acknowledgment of your policy renewal.

Offline Renewal

Step 1 - Visit the nearest Max Life Insurance branch or office.

Step 2 - Approach the customer service desk and inform them about your policy renewal.

Step 3 - Provide the required documents, such as your policy number and identification proof.

Step 4 - Pay the renewal premium amount via cash, cheque, or demand draft.

Step 5 - Collect a receipt for your payment and confirmation of the policy renewal from the representative.

Key points to remember during Renewals

Renew your policy before the due date to prevent lapses.

Choose online, offline, or auto-debit for flexible payment options.

Benefit from a 30-day grace period for missed payments.

Use renewal to review and upgrade your policy coverage.

Continue claiming tax deductions on premiums under Section 80C.

Customer Support

Talk to an OneAssure Insurance Expert for FREE.

For Axis Max Life Insurance Company customer care :
Toll Free - 1860 120 5577,
E-mail - service.helpdesk@maxlifeinsurance.com

Other related companies

Axis Max Life Insurance Company

Our Verdict

Pros

Faith in brand legacy

Premium Waiver Benefit

Add-on Riders Available

Pros

Cons

Surrender Charges

Limited coverage for PEDs

Cons

Company Stats

Rating 6.6/10

About the Company

Insurance Policies

Max Smart Secure Plus

Saral Jeevan Bima

KYC Documents Required

Pan Card No.

Aadhar Card

Recent Photograph

Cancelled Cheque with Name Printed

Bank Statements

Salary Slip of Latest 3 Months

Covid Vaccination

Claim Settlement

Claim Procedure

Claim Procedure

Step 1 - Contact OneAssure Promptly

Step 2 - Submit Necessary Documents

Step 3 - Verification and Assessment

Step 4 - Claim Settlement Process

Renewal

Online Renewal

Online Renewal

Step 1 - Visit the official Max Life Insurance website.

Step 2 - Log in to your account using your policy number and password.

Step 3 - Navigate to the "Renew Policy" section on the dashboard.

Step 4 - Enter the required details, including the renewal amount and payment method.

Step 5 - Complete the payment and receive an acknowledgment of your policy renewal.

Offline Renewal

Offline Renewal

Step 1 - Visit the nearest Max Life Insurance branch or office.

Step 2 - Approach the customer service desk and inform them about your policy renewal.

Step 3 - Provide the required documents, such as your policy number and identification proof.

Step 4 - Pay the renewal premium amount via cash, cheque, or demand draft.

Step 5 - Collect a receipt for your payment and confirmation of the policy renewal from the representative.

Key points to remember during Renewals

Customer Support

Talk to an OneAssure Insurance Expert for FREE.

Other related companies

Frequently Asked Questions

1. HOW TO BUY MAX LIFE INSURANCE FROM ONEASSURE?

2. TAX BENEFITS

3. HOW TO RENEW TATA AIA LIFE INSURANCE PLANS?

Frequently Asked Questions