Lic Investment
vs
Axis Max Life

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Lic Investment vs Axis Max Life

Lic Investment

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.

COMPANY DETAILS Edit LIC Investment Plans

Lic Investment

 Edit Axis Max Life Insurance Page

Axis Max 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)

25341.91 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

99.70%
Solvency Ratio

Solvency Ratio

80 years

Solvency Ratio

1.9
Branches

Branches

Annual, half-yearly,

Branches

239
Riders Available

Riders Available

Minimum term - 6 years Maximum term - 30 years

Riders Available

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

Policy Term

5 to 30 years

Policy Term

5 to 67 years

Know More About Companies

Overview

LIC Investment Plans: Overview

The Life Insurance Corporation of India is the oldest player in the insurance sector of India. LIC has been serving the insurance needs of the entire country over a long period of time. Being the best player in the market, the corporation has seized most of the stocks and has maintained its reputation as the largest insurance company in India.

LIC Investment Plans are tailor-made as per the financial and investment needs of the customers such as education, health, life cover, marriage of children, retirement purposes, etc. These plans are designed in a way to ideally deal with the financial burden during emergencies and uncertainties of life.

LIC Investment Plans ensures to look after your investment needs by offering:

why-choose

  • Maturity benefits

  • Death benefits

  • Participation in profits

  • Additional riders to choose from

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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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.

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