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Sahara India vs Axis Max Life

Sahara India

Sahara India ventured into the life insurance domain in 2004 and became the first wholly-owned Indian brand to be operating in this sector without any foreign collaboration.

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

Sahara India

Axis Max Life

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans -
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 61.44 Cr	Annual Premiums Collected (2023-24) 25341.91 Cr
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options Lump sum, fixed payouts, or a combination of both
Claim ratio	Claim ratio 97.08%	Claim ratio 99.70%
Solvency Ratio	Solvency Ratio 8.8	Solvency Ratio 1.9
Branches	Branches 80+	Branches 239
Riders Available	Riders Available Accidental Death Benefit Rider	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 9 to 30 years	Policy Term 5 to 67 years

Know More About Companies

Overview

Sahara India Life Insurance: Overview

Sahara India ventured into the life insurance domain in 2004 and became the first wholly-owned Indian brand to be operating in this sector without any foreign collaboration. To meet the life insurance requirements of every individual, Sahara Life Insurance offers a wide range of Endowment plans, Money-Back plans, Annuity-based plans, Unit-Link plans, and Group Insurance plans. These plans can help meet the financial needs of different age groups and people belonging to different income segments. Apart from the above segment, Sahara India offers add-on plans such as Accident Benefit and Critical Illness Riders.

Sahara India Life Insurance ensures to look after your insurance needs by offering:

Claim Settlement Ratio
Solvency Ratio
Annual Premium

Operating Network

Riders

Riders You Can Avail With Sahara Life Insurance Plans

Name of the Rider	Benefits
Sahara Life Accidental Death Benefit Rider	This rider provides coverage against the policyholder's death due to the accident.

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