Axis Max Life Premium Payment

Axis Max Life Insurance Premium Payment

You can pay your Axis Max Life Insurance premium online on the official website or app using UPI, a debit or credit card, or net banking. Log in with your policy number or registered mobile number and OTP.

Prefer offline? Pay at an Axis Max Life branch or by cheque, or set up auto-debit (NACH/ECS) so payment happens automatically.

Pay before the due date. The grace period is 30 days for yearly, half-yearly, and quarterly premiums, and 15 days for monthly premiums. After that, your policy may lapse.

Axis Max Life gives policyholders one place to renew a policy, pay premiums, download receipts, and update personal details. Its claim settlement ratio also shows how well it serves customers. Below, we explain each online and offline payment method step by step, starting with the benefits of paying online.

Benefits of Online Premium Payment

• Technical advancements have made online premium payment easy and fast for policyholders.
• The insured does not need to visit the insurance company’s branch office.
• Nor do they need to stand in long queues at the bank for premium payment.
• Premium payment can be done at any time as per convenience.
• You do not need to take time out from working days specifically to pay premiums.

The world is accessible with a click. It is advisable to use this opportunity to simplify your life through smart online premium payment methods.

Online Premium Payment Process

To pay premiums online, visit your Axis Max Life online account. You will find a "Premium Payment" tab under "Customer Service" on the top right-hand side of the Axis Max Life Home Page. There, you will see three tabs related to Axis Max Life premium payment:

• Pay Premium
• Premium Payment Options
• Download Premium Payment Receipt

These three tabs serve different purposes for Axis Max Life premium payment. Let's discuss their functions in detail:

Pay Premium Tab

Axis Max Life allows direct premium payment through the "Pay Premium" tab. The moment you select the "Pay Premium" option in the customer services section, you will be redirected to the premium payment page, which will ask you to log in. The required details are:

• Policy Number/Mobile Number
• Date of Birth (DOB)

After entering the data, you can proceed to premium payment.

Premium Payment Options Tab

As mentioned earlier, Axis Max Life provides a wide range of platforms and modes for premium payment. A list of all available premium payment modes is mentioned under the "Premium Payment Options" tab.

If you are unsure whether your chosen premium payment mode is accepted by Axis Max Life, you can visit the Axis Max Life website and check the list under "Premium Payment Options."

A few of the Axis Max Life Premium Payment modes are listed below for your assistance:

Online Payment Modes

• Axis Max Life Website: Online premium payment can be done on the Axis Max Life website through NEFT or RTGS, Paytm, PhonePe, Google Pay, and Airtel Money. You can also opt for the Instapay service through your bank’s website. To do NEFT, the policyholder should fill in the following details:

  Beneficiary Name	Axis Max Life Insurance Corporation Limited
  Beneficiary Credit Account Number	1165 (Followed by the policy number)
  Beneficiary Bank IFSC Code	HSBC0110002
  Beneficiary Bank Name	HSBC Limited
  Branch Name	Barakhamba Road, New Delhi, 110 001

• Payment by Phone (IVR): Payment by phone can be done through IVR. Feel free to call 1860-120-5577. This number functions 24x7 to answer your queries. The following information can also be fetched through IVR:

  • Due date of payment
  • Payment status
  • Receipt of premium
  • Address of the local offices of Axis Max Life Insurance Company
  • Net Asset Value (NAV) can also be enquired through IVR, etc.

• Through Auto Debit: Under auto-debit, payments can be done via credit card, NACH, ECS, direct debit card, and EBPP.

Offline Payment Modes

• Premium Payments at Axis Max Life Branch Dropbox: Premium payments can be made at all branches of Axis Max Life Insurance.

• Payment at Lakshmi Vilas Bank: Axis Max Life Insurance Company has partnered with Lakshmi Vilas Bank. So, premium payments can also be done at Lakshmi Vilas Bank branches.

• Cheque Payment: Premium payment can be done through cheque. The cheque should be in the name of "Axis Max Life Insurance Corporation Limited." On the back of the cheque, the policy buyer's name, policy number, and contact details should be mentioned.

• Payment at Axis Max Life Insurance Branch Office: The 212 branch offices of Axis Max Life Insurance Company across 143 cities are always available. You can locate your nearest branch and make payments. Premium payments can be done at the branch offices through credit card, debit card, cheque payment, etc.

• EBIX Cash Counter: Premium payment can be done at EBIX Cash Counters.

• Common Service Centers (CSCs): Axis Max Life Insurance Company has also partnered with Common Service Centers (CSCs). So, premium payments can be done at CSC branches.

• Payment Through YES Bank: Axis Max Life Insurance Company has collaborated with YES Bank, and premium payments can be done at YES Bank branches.

Renewal Cheque Pick-up Facility

Axis Max Life Insurance Company also provides a cheque pickup facility to its policyholders for policy renewal. If the policyholder is unable to reach the insurance company or use any other premium payment mode, they can request a cheque pick-up for renewal, and the service will be provided.

However, this service is available in only a few cities in India. The list of cities is mentioned below:

• Delhi & NCR
• Mumbai
• Kolkata
• Chennai
• Chandigarh
• Jaipur
• Lucknow
• Ludhiana
• Pune
• Ahmedabad
• Hyderabad
• Bengaluru

Axis Max Life Insurance Payment Receipt

To get your receipt, log in to the "Premium Payment Receipt" tab under customer services. Fill in details like policy number/mobile number and date of birth, then click on the submit option. This way, you will be able to access your account and easily view the premium payment receipt.

The premium payment receipt can also be received offline on the registered mobile number through the IVR system. For the IVR facility, you can call 1860-120-5577. This is a 24x7 service provided by Axis Max Life Insurance Company to its policyholders.

Axis Max Life Insurance premium payment has become super easy over time. If you face problems with one premium mode, you can switch to another payment mode instantly. Facilities like cheque pick-up are available for policy renewal. Therefore, never worry or delay premium payments. Always make premium payments within the grace period to prevent your policy from lapsing and to ensure you receive all its benefits.

Axis Max Life Premium Payment Modes

Conclusion

Axis Max Life offers multiple online and offline premium payment options for policyholders. Choose a convenient payment method and pay premiums on time to keep the policy active and avoid lapse.