Compare

Axis Max Term Insurance vs Tata Aia Term Insurance

Axis Max Term Insurance

A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers offering various insurance instruments to their customers.

Tata Aia Term Insurance

TATA Insurance Company is a joint venture between TATA Sons Pvt. Ltd and AIA Group Ltd. The company is amongst the top term insurance providers in the Indian subcontinent.

COMPANY DETAILS

Axis Max Term Insurance

Tata Aia Term Insurance

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans 4	No. of Plans 5
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 29528.97 Cr	Annual Premiums Collected (2023-24) 25691.82 crores
Payout Options	Payout Options Lump sum, monthly/quarterly/half-yearly/yearly or a combination of both	Payout Options Lump sum, monthly, or a combination of both
Claim ratio	Payout Options 99.70%	Payout Options 99.13%
Solvency Ratio	Solvency Ratio 1.8	Solvency Ratio 1.8
Pan India Presence	Pan India Presence 304	Pan India Presence 500+
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 Waiver of Premium Rider, Accidental Death Rider, Accidental Disability Rider, Critical Illness Rider
Policy Term	Policy Term 10 to 67 years	Policy Term 10 to 40 years

Know More About Companies

Overview

Axis Max Life Term Insurance Plans: Overview

Axis Max is a joint venture between Max Financial Services and Axis Bank. It is one of the leading insurance providers that offers a variety of insurance plans to its customers. Axis Max Life Term Insurance plans offer financial protection to the policyholder’s family in case of their uncertain demise during the policy tenure. Axis Max Life has a strong distribution network to offer its term insurance solutions to people across India. Their term insurance plans come with various features, including spouse coverage, multiple plan options, cover continuance benefit, special exit value, premium discounts, and much more.

What are some of the
Benefits
that set them apart?

Safety net for your dependents
Monthly income benefit with some plans
Affordable premiums
High sum assured option

Tax benefits
Protection against liabilities
Flexible policy tenure
Additional riders to choose from

Riders

Riders You Can Avail With Axis Max Term 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.

Consult for Personalized Insurance Advice

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Other Term Insurance Companies

Term Insurance
Life Insurance

LIC Term Insurance

HDFC Term Insurance

ICICI Term Insurance

SBI Life Term Insurance

Max Life Term Insurance

TATA AIA Term Insurance

PNB Metlife Term Insurance

Bajaj Allianz Term Insurance

Bandhan Life Term Insurance

Kotak Life Term Insurance

Canara HSBC OBC Term Insurance

Bharti AXA Term Insurance

Aviva Term Insurance

Indiafirst Term Insurance

Exide Life Term Insurance

Edelweiss Tokio Term Life Insurance

Ageas Federal Term Insurance

Future Generali Term Insurance

Birla Sun Life Term Insurance

Reliance Term Insurance

Pramerica Term Insurance

Term Insurance Companies

LIC Of India

Hdfc Life Insurance

Icici Prudential Life Insurance

SBI Life Insurance

Max Life Insurance

TATA AIA Life Insurance

Pnb Metlife India Insurance

Bajaj Allianz Life Insurance

Aegon Life Insurance

Kotak Mahindra Life Insurance

Canara HSBC Life Insurance

Bharti AXA Life Insurance

Aviva Life Insurance

Indiafirst Life Insurance

Exide Life Insurance

Edelweiss Tokio Life Insurance

Ageas Federal Life Insurance

Future Generali Life Insurance

Birla Sun Life Insurance

Reliance Life Insurance

Pramerica Life Insurance Limited

Shri Ram Life Insurance

Sahara India Life Insurance

Life Insurance Companies

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

Axis Max Life Term Insurance

Explore India’s best-selling Term insurance plans below

A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers offering various insurance instruments to their customers.

Axis Max Life Premium Return Protection

Axis Max Life Premium Return Protection Plan is a simple term insurance plan that offers coverage along with a 'Return of Premium' benefit. The plan o...

Unique Features

Return of Premium Plan
Flexible-Premium Payment Term
1 Crore Max Sum Assured

Axis Max Life Premium Return Protection (Pros)

Terminal Illness Benefit
Smart Exit Benefit
Acceleration Death Benefit

Axis Max Life Premium Return Protection (Cons)

1 Year WP for Suicide
No Policy Loans
No Pre-existing Conditions

Axis Max Life Premium Return Protection (Other Benefits)

Death Benefit in Instalments
RP
WOP & 3 Riders
Additional Cover for Spouse

Axis Max Life Premium Return Protection (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 84 years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - 85 years
Premium Payment Term - RP/SP/LP

Axis Max Life Smart Total Elite Protection

Have you ever heard of a term plan that gives you a 12-month grace period before paying your next premium? Axis Max Life Smart Total Elite Protection ...

Unique Features

Cover continuous benefit
Terminal illness cover
Early exit benefit

Axis Max Life Smart Total Elite Protection (Pros)

Special Exit Value
Accident Cover
Terminal Illness Cover

Axis Max Life Smart Total Elite Protection (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Axis Max Life Smart Total Elite Protection (Other Benefits)

Cover continuance benefit
Insta payment
Choose policy term

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Entry age - 18 years
Max entry age - 65 years
Min sum assured - 1
Max maturity age - 85 years
PPT - RP/SP/LP

Axis Max Life Smart Secure Plus Plan

Axis Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to ...

Unique Features

100% return of premium
Loyalty Discount of 5%
Increase your Sum Assured

Axis Max Life Smart Secure Plus Plan (Pros)

Income Protector
Rider Options
Premium Return (ROP)

Axis Max Life Smart Secure Plus Plan (Cons)

Limited Maturity Benefit
Plan Complexity
No Loan Benefit

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Enhance Cover at Milestones
Accelerated Critical Illness Benefit
Accident Cover

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 60 years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP

Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various lif...

Unique Features

7 Plan Options
Cover Continuance Benefit
Inbuilt Terminal Illness Cover

Axis Max Life Smart Term Plan Plus (Pros)

Choice of Plan Variant
Cover Continuance Benefit
Special Exit Value

Axis Max Life Smart Term Plan Plus (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Axis Max Life Smart Term Plan Plus (Other Benefits)

Option to Choose Whole Life Cover
Inbuilt Terminal Illness Cover
Special Discount for Females

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Entry age - 18 years
Max entry age - 65 years
Min sum assured - Rs 2 lakhs
Max maturity age - 100 years
PPT - RP/SP/LP

Tata AIA Term Insurance

Explore India’s best-selling Term insurance plans below

TATA Insurance Company is a joint venture between TATA Sons Pvt. Ltd and AIA Group Ltd. The company is amongst the top term insurance providers in the Indian subcontinent.

TATA AIA Insta Protect

Tata AIA Insta Protect is a comprehensive plan protecting your family against death, disability, and disease under a single plan. The plan safeguards ...

Unique Features

All round protection
Loaded with features
Very high Sum Insured

TATA AIA Insta Protect (Pros)

Covers Death Due to Accident
No Medical Tests
Accelerated Terminal Illness

TATA AIA Insta Protect (Cons)

No Loans Allowed
No Maturity Benefit
No Suicide Cover in Terminal Illness

TATA AIA Insta Protect (Other Benefits)

Return of Premiums (Optional)
Survival and Maturity Benefit
Health and Wellness Benefits

TATA AIA Insta Protect (Eligibility Criteria)

Entry Age - 18 years
Max Entry Age - 45 years
Minimum Sum Assured - 25 L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - LP/RP/SP

Tata AIA SRS Vitality Protect

Tata AIA SRS Vitality is a rеmarkablе term insurance plan that sеamlеssly blеnds two еssеntial еlеmеnts - Tata AIA Life Insurance Sampoorna ...

Unique Features

Whole Life Cover
Wellness Program
Cover Boosters

Tata AIA SRS Vitality Protect (Pros)

10% Guaranteed Discount
Wellness Rewards Program
Guaranteed 1st Year Discount

Tata AIA SRS Vitality Protect (Cons)

No Plan Conversion Option
No Maturity Benefit
Limited Premium Payment Terms

Tata AIA SRS Vitality Protect (Other Benefits)

75% SA Terminal Illness Coverage
Cover Boosters
Up To 30% Rider Premium Discount

Tata AIA SRS Vitality Protect (Eligibility Criteria)

Entry Age - 18 years
Max Entry Age - 65 years
Minimum Sum Assured - 50 L
Max Maturity Age 100Yrs
Premium Payment Term - (5-81 Yrs) LP/RP/SP

TATA AIA Saral Jeevan Bima

TATA AIA Saral Jeevan Bima is a pure protection plan. The plan is designed with simple terms and conditions, it is affordable and accessible to even t...

Unique Features

A simple and easy plan
Affordable premiums
Choose your rider options

TATA AIA Saral Jeevan Bima (Pros)

Available for Online Buying
Choose to pay Premium Once
Max Sum Assured 50L

TATA AIA Saral Jeevan Bima (Cons)

No Survival Benefit
No Maturity Benefit
No Surrender Benefit

TATA AIA Saral Jeevan Bima (Other Benefits)

Suicide Cover
Spouse Cover
Policy Revival Within 5 Years

TATA AIA Saral Jeevan Bima (Eligibility Criteria)

Entry Age - 18 years
Max Entry Age - 65 years
Minimum Sum Assured - 5 L
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP(5&10 Years)

TATA AIA Maha Raksha Supreme

TATA AIA has introduced a term plan which covers you for terminal illnesses. You can avail of 50% of the basic sum assured in case you are diagnosed w...

Unique Features

Life Stage Plus Option
Payout Accelerator Benefit
Non-smoker & Female Discounts

TATA AIA Maha Raksha Supreme (Pros)

Additional Riders
High Cover Discount
Life Coverage with Terminal Illness Payout

TATA AIA Maha Raksha Supreme (Cons)

No Policy Loan is Available
No Plan Conversion Option
No Maturity Benefit

TATA AIA Maha Raksha Supreme (Other Benefits)

Payout Accelerator Benefit
105% SA Death Benefit
Whole Life coverage (till age 100 years)

TATA AIA Maha Raksha Supreme (Eligibility Criteria)

Entry Age - 18 years
Minimum Sum Assured - 50 L
Max Maturity Age 100Yrs
Premium Payment Term - LP/RP/SP
Max Entry Age - 65 years(Adaptable)

Tata AIA Sampoorna Raksha Promise

Sampoorna Raksha Promise by Tata AIA Life Insurance is a pure-term insurance plan that offers financial protection to your loved ones in case of your ...

Unique Features

4 Plan Options
Joint Life Option
Instant Payout on Claim

Tata AIA Sampoorna Raksha Promise (Pros)

Choice of Plan Options
Instant Payment on Claim Intimation
Whole Life Coverage Option

Tata AIA Sampoorna Raksha Promise (Cons)

No Policy Loan is Available
No Plan Conversion Option
No Maturity Benefit

Tata AIA Sampoorna Raksha Promise (Other Benefits)

Special Discount for Females
Add-on Riders to Choose
Choice of Death Benefit Payout

Tata AIA Sampoorna Raksha Promise (Eligibility Criteria)

Entry Age - 18 years
Minimum Sum Assured - 25 L
Max Maturity Age - 100 Yrs
Premium Payment Term - LP/RP/SP
Max Entry Age - 65 years (Adaptable)

Term Insurance Articles

See More Term Insurance Articles

Quick and Free Quick Comparison with Other Insurers

Hdfc Term Insurance Plans

Bajaj Allianz Term Insurance Plan

Tata Aia Term Insurance

Icici Term Insurance

Bandhan Term Insurance

Pnb Metlife Term Insurance

Axis Max Term Insurance

Hdfc Term Insurance Plans

Bajaj Allianz Term Insurance Plan

Icici Term Insurance

Bandhan Term Insurance

Pnb Metlife Term Insurance

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.

Name of the rider	Benefits
Tata AIA Waiver of Premium Rider	It will waive all future premiums and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of critical illness.
Tata AIA Accidental Death Rider	Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s death due to an accident.
Tata AIA Accidental Disability Rider	This rider offers financial benefits in case the policyholder becomes partially or totally disabled due to an accident.
Tata AIA Critical Illness Rider	In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

Axis Max Term InsurancevsTata Aia Term Insurance

Compare

Axis Max Term Insurance vs Tata Aia Term Insurance

Axis Max Term Insurance

Tata Aia Term Insurance

Know More About Companies

Overview

Axis Max Life Term Insurance Plans: Overview

TATA AIA Term Insurance: Overview

Riders

Riders You Can Avail With Axis Max Term Insurance Plans

Riders You Can Avail With TATA Term Insurance Plans

But how does it work?

Other Term Insurance Companies

Axis Max Life Term Insurance

Axis Max Life Premium Return Protection (Pros)

Axis Max Life Premium Return Protection (Cons)

Axis Max Life Premium Return Protection (Other Benefits)

Axis Max Life Premium Return Protection (Eligibility Criteria)

Axis Max Life Smart Total Elite Protection (Pros)

Axis Max Life Smart Total Elite Protection (Cons)

Axis Max Life Smart Total Elite Protection (Other Benefits)

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Axis Max Life Smart Secure Plus Plan (Pros)

Axis Max Life Smart Secure Plus Plan (Cons)

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Axis Max Life Smart Term Plan Plus (Pros)

Axis Max Life Smart Term Plan Plus (Cons)

Axis Max Life Smart Term Plan Plus (Other Benefits)

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Tata AIA Term Insurance

TATA AIA Insta Protect (Pros)

TATA AIA Insta Protect (Cons)

TATA AIA Insta Protect (Other Benefits)

TATA AIA Insta Protect (Eligibility Criteria)

Tata AIA SRS Vitality Protect (Pros)

Tata AIA SRS Vitality Protect (Cons)

Tata AIA SRS Vitality Protect (Other Benefits)

Tata AIA SRS Vitality Protect (Eligibility Criteria)

TATA AIA Saral Jeevan Bima (Pros)

TATA AIA Saral Jeevan Bima (Cons)

TATA AIA Saral Jeevan Bima (Other Benefits)

TATA AIA Saral Jeevan Bima (Eligibility Criteria)

TATA AIA Maha Raksha Supreme (Pros)

TATA AIA Maha Raksha Supreme (Cons)

TATA AIA Maha Raksha Supreme (Other Benefits)

TATA AIA Maha Raksha Supreme (Eligibility Criteria)

Tata AIA Sampoorna Raksha Promise (Pros)

Tata AIA Sampoorna Raksha Promise (Cons)

Tata AIA Sampoorna Raksha Promise (Other Benefits)

Tata AIA Sampoorna Raksha Promise (Eligibility Criteria)

Term Insurance Articles

Tata AIA 50 Lakh Term Insurance May, 2025

ICICI 1 Crore Term Insurance May, 2025

5 Crore Term Insurance Calculator Apr, 2025

Axis Max Life 1 Crore Term Insurance Apr, 2025

Tata AIA 1 Crore Term Insurance Apr, 2025

Smoking After Taking Term Insurance Apr, 2025

Term Insurance For Heart Patients Jan, 2025

Solvency Ratio in Term Insurance Sep, 2024

5 Crore Term Insurance Calculator Apr, 2025

75 Lakh Term Insurance Plan Mar, 2025

Term Insurance Plan for Smokers Aug, 2024

ICICI 1 Crore Term Insurance May, 2025

Quick and Free Quick Comparison with Other Insurers

Reviewed By: Naval Goel

No Gimmicks, No Spam. Genuine Advice from an Insurance Expert.

Talk To An Advisor

Insurance Experts

No Gimmicks

Talk to an advisor

Get the right insurance plan for you.

Available Slot

Consult with Expert Advisor

Are you sure you want to exit?

Confirmed

Axis Max Term Insurance
vs
Tata Aia Term Insurance

No Gimmicks, No Spam.
Genuine Advice from an Insurance Expert.