Axis Max Life Investment Plans
vs
Hdfc Life

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  • Multiple sum assured options
  • Choice of premium-payment term
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Axis Max Life Investment Plans vs Hdfc Life

Axis Max Life Investment Plans

Hdfc Life

HDFC Life is a joint venture between HDFC Ltd., India& 039;s leading housing finance institution, and Aberdeen PLC. It is present in around 980+ towns and cities in India.

COMPANY DETAILS Edit Axis Max Life Investment Plans

Axis Max Life Investment Plans

Edit HDFC Life Insurance

Hdfc Life

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

000 to No limit

Annual Premiums Collected (2023-24)

962.83 Cr.
Payout Options

Payout Options

-

Payout Options

Lump sum, fixed payouts, or a combination of both
Claim ratio

Claim ratio

Minimum Age - 5 year%

Claim ratio

99.7%
Solvency Ratio

Solvency Ratio

100 years

Solvency Ratio

2
Branches

Branches

Annual, half-yearly,

Branches

372 branches
Riders Available

Riders Available

Minimum term - 5 years Maximum term - 30 years

Riders Available

Income Benefit on Accidental Disability Rider, Critical Illness Plus Rider, Protect Plus Rider, Health Plus Rider
Policy Term

Policy Term

5 to 30 years

Policy Term

10 to 40 years

Know More About Companies

Overview

Axis Max Life Investment Plans: Overview

Axis Max Life Money Saving Plans are a combination of a term plan and a guaranteed savings plan. These plans protect your family’s financial future even in your absence while saving money to meet your future financial goals.

You can also choose from rider benefits such as waiver of premiums, accidental death and disability rider, term plus rider, and critical illness rider to enhance the overall coverage of your base plan. Max Life offers various saving plans and you can choose the one that best suits your needs.

Axis Max Life Investment Plans ensures to look after your investment needs by offering different life Insurance plans:

why-choose
  • Guaranteed Returns

  • Bonuses

  • Participation in Profits

  • Policy Loan

Riders

Riders You Can Avail With HDFC Life Insurance Plans

Name of the Rider Benefits
HDFC Life Income Benefit on Accidental Disability Rider Offers additional income benefits in case of the policyholder’s demise due to an accident.
HDFC Life Critical Illness Plus Rider A lump sum amount is offered in case the policyholder is diagnosed with any of the 19 critical illnesses.
HDFC Life Protect Plus Rider Additional benefits are offered in case the policyholder is diagnosed with any of 19 critical illnesses or disability due to the accident.
HDFC Life Health Plus Rider A lump sum amount is offered in case the policyholder is diagnosed with any of 60 critical illnesses.

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Investment Plan Plans

Investment Plan

Axis Max Life Smart Wealth Income Plan is a combination of insurance and savings that protects your loved ones financially in your absence and guarant...

Unique Features

  • Guaranteed maturity benefits
  • Guaranteed additions
  • Joint life option

Axis Max Life Smart Wealth (Pros)

Axis Max Life Smart Wealth
  • Maturity returns
  • Death benefit
  • Guaranteed additions

Axis Max Life Smart Wealth (Cons)

Axis Max Life Smart Wealth
  • Suicidal benefit not covered
  • Air accident not covered

Axis Max Life Smart Wealth (Other Benefits)

Axis Max Life Smart Wealth
  • Whole-life income with a joint life option
  • Rider protection
  • Surrender option
  • Reduced paid-up

Axis Max Life Smart Wealth (Eligibility Criteria)

Axis Max Life Smart Wealth
  • Minimum entry age- 91 days
  • Maximum entry age- 59 years
  • Sum assured- No Limit
  • Maximum policy term- 12 years

Investment Plan

Axis Max Life Whole Life Super is a non-linked, participating life insurance savings plan. It offers lifetime protection up to 100 years of age, in re...

Unique Features

  • Lifetime coverage
  • Flexible premium payment option
  • Receive Bonus

Whole Life Super (Pros)

Whole Life Super
  • Lifetime coverage
  • Flexible premium payment option
  • Receive Bonus

Whole Life Super (Cons)

Whole Life Super
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Whole Life Super (Other Benefits)

Whole Life Super
  • Death benefits
  • Maturity benefits
  • Tax benefits

Whole Life Super (Eligibility Criteria)

Whole Life Super
  • Minimum entry age- 18 years
  • Maximum entry age- 60 years
  • Minimum sum assured- Rs 50000
  • Maximum sum assured- No limit
  • Maximum policy term- 100 years

Investment Plan

Save More, Live Better with Axis Max Life Savings Advantage Plan Whether aiming for a new car or your daughter's dream wedding, savings alone won't do...

Unique Features

  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus

Saving Advantage (Pros)

Saving Advantage
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus

Saving Advantage (Cons)

Saving Advantage
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Saving Advantage (Other Benefits)

Saving Advantage
  • Flexible policy tenure
  • Cash bonuses
  • Tax benefits

Saving Advantage (Eligibility Criteria)

Saving Advantage
  • Minimum entry age- 91 days
  • Maximum entry age- 65 years
  • Minimum sum assured- 125% of Single Premium
  • Maximum sum assured- No limit
  • Maximum policy term- 30 years

Investment Plan

Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers you dual life Insurance coverage benefits until policy tenure and guarantee...

Unique Features

  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums

Monthly Income Advantage (Pros)

Monthly Income Advantage
  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums

Monthly Income Advantage (Cons)

Monthly Income Advantage
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Monthly Income Advantage (Other Benefits)

Monthly Income Advantage
  • Flexible policy tenure
  • Reduced paid-up value
  • Tax benefits

Monthly Income Advantage (Eligibility Criteria)

Monthly Income Advantage
  • Minimum entry age- 18 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 54000
  • Maximum sum assured- No limit
  • Maximum policy term- 45 years

Investment Plan

Axis Max Life Assured Wealth is a non-linked, comprehensive life insurance savings plan that offers the dual benefits of investment and insurance. It ...

Unique Features

  • Guaranteed return on maturity
  • Flexible premium paying term
  • Enhanced protection through rider

Assured Wealth (Pros)

Assured Wealth
  • Guaranteed return on maturity
  • Flexible premium paying term
  • Enhanced protection through rider

Assured Wealth (Cons)

Assured Wealth
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Assured Wealth (Other Benefits)

Assured Wealth
  • Tax Benefits
  • Death Benefits
  • Maturity Benefits

Assured Wealth (Eligibility Criteria)

Assured Wealth
  • Minimum entry age- 91 days
  • Maximum entry age- 65 years
  • Minimum sum assured- Rs 161225
  • Maximum sum assured- No limit
  • Maximum policy term- 20 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.