Axis Max Life
vs
Hdfc Life

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

Axis Max Life

Axis Max Life Insurance is a joint venture between Axis Bank and Max Life. Axis Max Life Insurance provides comprehensive protection and long-term savings life insurance solutions.

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 Insurance Page

Axis Max Life

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)

25341.91 Cr

Annual Premiums Collected (2023-24)

962.83 Cr.
Payout Options

Payout Options

Lump sum, fixed payouts, or a combination of both

Payout Options

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

Claim ratio

99.51%

Claim ratio

99.3%
Solvency Ratio

Solvency Ratio

1.9

Solvency Ratio

2
Branches

Branches

239

Branches

372 branches
Riders Available

Riders Available

Waiver of Premium, Comprehensive Accident Benefit Rider, Terminal Illness Rider, Total and Permanent Disability Cover, Critical Illness and Disability Rider

Riders Available

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

Policy Term

5 to 67 years

Policy Term

10 to 40 years

Know More About Companies

Overview

Axis Max Life Insurance: Overview

Axis Max Life Insurance Company is a joint venture between Axis Max Financial Services and Axis Bank. The company provides comprehensive protection and long-term savings life insurance plans such as term insurance plans, retirement plans, unit-linked insurance plans (ULIPs), NRI plans, child insurance plans, and group life insurance plans. 

Axis Max Life Insurance Company ensures to look after your insurance needs by offering:

why-choose
  • Affordable premiums

  • Flexible policy tenures

  • Wide range of insurance solutions

  • Choice of premium payment frequency

  • Tax savings

Riders

Riders You Can Avail With Axis Max Life Insurance Plans

Name of the Rider Benefits
Axis Max Life Waiver of Premium It will waive all future premiums, and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s demise due to an accident.
Axis Max Life Terminal Illness Rider Offers financial benefits in case the policyholder is diagnosed with any of the terminal illnesses.
Axis Max Life Total and Permanent Disability Cover This rider offers financial benefits in case the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

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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.