Icici Life vs Max Life Insurance Life Insurance 2026 | PolicyX
Select Insurer

At a glance

Which insurer is ahead on the figures both publish

Customer rating

Max Life Insurance

4.5 / 5Icici Life 4.6 / 5Max Life Insurance

Claim settlement ratio

Max Life Insurance

99.3%Icici Life 99.68%Max Life Insurance

Share of death claims the insurer paid

Solvency ratio

Icici Life

2.12Icici Life 2.01Max Life Insurance

IRDAI minimum is 1.5

Pan India presence (branches)

Icici Life

506Icici Life 426Max Life Insurance

More branches, easier in-person help

COMPANY DETAILS ✎ Edit

Icici Life

✎ Edit

Max Life Insurance

Customer rating

Customer rating

4.5 / 5

Customer rating

4.6 / 5 Higher
Life insurance plans listed

Life insurance plans listed

6 plans ❯

Life insurance plans listed

10 plans ❯
Annual premiums collected (2024-25)

Annual premiums collected (2024-25)

₹ 48,950.71 crores

Annual premiums collected (2024-25)

₹38,877 crore
Claim settlement ratio

Claim settlement ratio

99.3%

Claim settlement ratio

99.68% Higher
Solvency ratio

Solvency ratio

2.12 Higher

Solvency ratio

2.01
Pan India presence (branches)

Pan India presence (branches)

506 Higher

Pan India presence (branches)

426
Payout options

Payout options

Lump sum, monthly, or a combination of both

Payout options

Life insurance policies, including those from Axis Max Life Insurance, typically do not involve a ne
Riders available

Riders available

Terminal Illness Benefit, Income Benefit Rider, Waiver of Premium, Critical Illness Benefit, Permanent and Partial Disability Benefit, Accidental Death Benefit

Riders available

To initiate a claim, you will need to fill out the Axis Max Life Insurance claim form. This form can be downloaded from the official Axis Max Life Insurance website or obtained fr…
Inception year

Inception year

27,160.06 cr

Inception year

Not available
Complaints per ₹1 crore of premium collected

Complaints per ₹1 crore of premium collected

2001

Complaints per ₹1 crore of premium collected

Not available
Recommended Videos
Best ICICI Life Insurance Plans

Best ICICI Life Insurance Plans

Max Life Insurance Plans

Max Life Insurance Plans

Plans from Icici Life and Max Life Insurance

Every plan we list from each insurer, including its term and investment plans. Switch insurer to see the other's plans.

Life

ICICI Protect-n-Gain

The ICICI Protect N Gain ULIP combines life insurance coverage, potentially up to 100 times the annual premium, with wealth creat… Read More

  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systematic Withdrawal Plan Option
Sum assuredBase sum assured: 5 Lakhs to no limit.
Entry ageMinimum Age - 18 years Maximum Age - 55…
View plan
Icici Investment Plans

ICICI Life Signature Plan

ICICI Signature is a ULIP that combines life cover with wealth creation, offering long-term growth and financial security. It fea… Read More

  • Life Cover
  • Wealth Boosters
  • Return of Premium Allocation Charges
Sum assuredSingle, Yearly, Half-Yearly, and Monthly
Entry age0-70 years
View plan
Investment Plan

ICICI Life Cash Advantage

The ICICI Life Cash Advantage Investment Plan is a non-linked life insurance savings plan that combines protection with guarantee… Read More

  • Guaranteed Cash Benefit
  • Life Cover
  • Policy Loan
Sum assured5/10 Years
Entry ageMinimum Age - 30 Days, Maximum Age - 60…
View plan
Investment Plan

ICICI Life Savings Suraksha

The ICICI Life Savings Suraksha Investment Plan combines savings and protection, helping individuals achieve financial goals whil… Read More

  • Guaranteed additions
  • Multiple premium options
  • Additional bonuses
Sum assuredLimited Pay (5, 7, 10, 12 years) and Re…
Entry ageMinimum age: 0 years, Maximum age: 60 y…
View plan
Investment Plan

ICICI Assured Savings

ICICI Life Assured Savings Plan combines life cover with guaranteed returns, offering annual additions of 9% to 11% to the base s… Read More

  • 9% to 11% Guaranteed Additions
  • Guaranteed maturity benefits
  • Special Surrender Value (SSV)
Sum assured5/7/8/10/12 years
Entry ageMinimum age - 0 years Maximum age - 60…
View plan
Investment Plan

ICICI Life Future Perfect

The ICICI Life Future Perfect Investment Plan is a versatile savings and protection-oriented life insurance solution designed to… Read More

  • Guaranteed Additions
  • Flexible PPT
  • Cash Bonuses
Sum assured5/7/10/15/20 years
Entry ageMinimum age - 91 days Maximum age - 55…
View plan
Term

Axis Max Life Premium Return Protection

The Axis Max Life Premium Return Protection Plan is a term insurance policy that offers life coverage and returns all premiums pa… Read More

  • Return of Premium Plan
  • Flexible-Premium Payment Term
Sum assuredBase sum assured: 25 lakhs to no limit
Entry ageMinimum Age - 21 years Maximum Age - 55…
View plan
Term

Axis Max Life Smart Total Elite Protection

The Axis Max Life Smart Total Elite Protection Term Plan offers flexible, long-term financial security through pure risk protecti… Read More

  • Cover continuous benefit
  • Terminal illness cover
  • Early exit benefit
Sum assuredBase sum assured: 20 lakhs to no limit.
Entry ageMinimum Age - 18 years Maximum Age - 65…
View plan
Term

Axis Max Life Smart Secure Plus

The Axis Max Life Smart Secure Plus Plan is a pure protection term insurance designed to secure a family's financial future. It o… Read More

  • 100% return of premium
  • Loyalty Discount of 5%
  • Increase your Sum Assured
Sum assuredBase sum assured: 20 lakhs to no limit.
Entry ageMinimum Age - 18 years Maximum Age - 65…
View plan
Investment Plan

Axis Max Life Smart Wealth

The Axis Max Life Smart Wealth Plan is a non-participating, non-linked savings life insurance plan that combines financial protec… Read More

  • Guaranteed maturity benefits
  • Guaranteed additions
  • Joint life option
Sum assuredBased on the policy term
Entry ageMin- 91 days, Max- 65 years
View plan
Investment Plan

Axis Max Whole Life Super Investment Plan

The Axis Max Life Whole Life Super Investment Plan is a non-linked, participating life insurance savings plan that provides lifet… Read More

  • Lifetime Coverage
  • Flexible Premium Payment Option
  • Receive Bonus
Sum assured10,15,20 years
Entry ageMinimum Age: 18 years, Maximum Age: 60…
View plan
Investment Plan

Axis Max Life Saving Advantage Plan

The Axis Max Life Saving Advantage Investment Plan is a life insurance product designed to help individuals grow their savings fo… Read More

  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus
Sum assured5,12 years
Entry ageMinimum Age: 91 days, Maximum Age: 65 y…
View plan
Investment Plan

Axis Max Life Monthly Income Advantage Plan

The Axis Max Life Monthly Income Advantage Plan is a comprehensive life insurance and investment plan designed to provide both fi… Read More

  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums
Sum assured6,8,10,12,15 years
Entry ageMinimum Age - 18 years Maximum Age - 55…
View plan
Investment Plan

Axis Max Life Assured Wealth Plan

The Axis Max Life Assured Wealth Live Investment Plan is a non-linked life insurance savings plan offering both investment growth… Read More

  • Guaranteed return on maturity
  • Flexible premium paying term
  • Enhanced protection through rider
Sum assured5,10 years
Entry ageMinimum Age - 91 days, Maximum Age - 60…
View plan
Term

Axis Max Life Smart Term Plus

Max Life Smart Term Plan Plus is a flexible term insurance plan, offering 7 customizable variants to secure a family's financial… Read More

  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover
Sum assuredBase sum assured - Rs 25 lakhs to No li…
Entry ageMinimum Age - 18 years Maximum Age - 65…
View plan
Term

Axis Max Life Smart Secure Plus Plan

The Axis Max Life Smart Secure Plus Plan is a pure protection term insurance designed to secure a family's financial future. It o… Read More

  • 100% return of premium
  • Loyalty Discount of 5%
  • Increase your Sum Assured
Sum assured20 Lakhs rupees
Entry age18 years
View plan
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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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