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Tied for Highest Claim Settlement — Best for High Income Families
Axis Max Life Insurance (formerly Max Life) is a joint venture between Axis Bank and Mitsui Sumitomo Insurance. Smart Term Plan Plus offers 99.7% claim settlement with accidental death benefit included.
3 plans available — compare coverage, premium, and key features.
Accidental death benefit included as standard — you get 2x payout if death occurs due to accident.
Key Features
Return of Premium option — get 100% of premiums back if you outlive the policy term.
Key Features
Designed for HNIs — covers up to ₹5Cr with special underwriting benefits for large sum insured.
Key Features
Step-by-step claim process for Axis Max Life Insurance.
Call 1860-120-5577 or visit axismaxlife.com/claims. Nominee should intimate within 90 days.
Upload death certificate, policy document, nominee ID and bank details on the Axis Max Life portal — fully paperless process.
Axis Max Life reviews claims within 15 working days. 99.7% claims are settled without investigation.
Claim amount transferred to nominee's bank account within 5 working days of approval.
Axis Max Life ties HDFC Life on claim settlement (99.7%) and adds accidental death benefit as standard. Best for high-income professionals wanting maximum protection.
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Yes — Smart Term Plan Plus includes accidental death benefit (ADB) as standard. If the insured dies in an accident, the nominee receives 2x the sum assured.
Axis Max Life has a claim settlement ratio of 99.7% — tied with HDFC Life for the highest in India.
Yes — Smart Secure Plus offers joint life cover for couples. Both partners are covered under a single policy at a lower combined premium.
For coverage up to ₹50L, no medical test is required. For higher coverage, Axis Max Life arranges home visits for medical examinations.
Available riders include critical illness (64 illnesses), accidental death benefit, accidental total permanent disability, and waiver of premium on disability or critical illness.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Axis Max Life Insurance website before purchasing.