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Indiafirst vs Axis Max Term Insurance

Indiafirst

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy to understand insurance products at nominal premiums.

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.

COMPANY DETAILS

Indiafirst

Axis Max Term Insurance

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans 1	No. of Plans 4
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 074.53 Cr	Annual Premiums Collected (2023-24) 29528.97 Cr
Payout Options	Payout Options Lump sum, monthly or a combination of both	Payout Options Lump sum, monthly/quarterly/half-yearly/yearly or a combination of both
Claim ratio	Payout Options 97.04%%	Payout Options 99.70%
Solvency Ratio	Solvency Ratio 2	Solvency Ratio 1.8
Pan India Presence	Pan India Presence 500+	Pan India Presence 304
Riders Available	Riders Available Term 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 5 to 40 years	Policy Term 10 to 67 years

Know More About Companies

Overview

IndiaFirst Term Insurance: Overview

IndiaFirst Term plans are designed to establish a strong financial net for your loved ones in case of the uncertain demise of the policyholder. IndiaFirst Term Insurance offers a wide variety of insurance plans, including term plans, as part of its product offering. These term plans offer a range of benefits for the policyholders.

IndiaFirst is one of the trusted and reputed insurers in the industry with a high claim-settlement ratio of 97.04% and a solvency ratio of 2. You can choose additional riders with the IndiaFirst Term Plans.

What are some of the
Benefits
that set them apart?

Choice of policy tenure,
Choice of premium payment options,
Enhanced rider options to choose from,
Affordable premiums,

Choice of sum assured,
A variety of plan options, etc.

Riders

Riders You Can Avail With IndiaFirst Term Insurance Plans

Name of the rider	Benefits
IndiaFirst Term Rider	This rider enhances your life cover with extra coverage at affordable prices. In case of the policyholder’s demise during the policy tenure, additional benefits are paid to their nominee.

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IndiaFirst Term Insurance

Explore India’s best-selling Term insurance plans below

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy to understand insurance products at nominal premiums.

IndiaFirst Guaranteed Protection Plan

IndiaFirst Life Guaranteed Protection Plus Plan is a unique term life insurance plan that meets every requirement. India First Life Guaranteed Protect...

Unique Features

Multiple Plan Options
Cover for Critical Illness
Waiver of Premiums

IndiaFirst Guaranteed Protection Plan (Pros)

1 Crore Cover
3 Plan Options
WoP Premium for 40 Critical Illnesses

IndiaFirst Guaranteed Protection Plan (Cons)

1 Year WP For Suicide
No Rider Benefit
No Pre-Existing Conditions

IndiaFirst Guaranteed Protection Plan (Other Benefits)

Whole Life Cover (Till Age 99)
WOP Option For Disability
Adjust SA With Life Stage

IndiaFirst Guaranteed Protection Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 50L
Maximum Maturity Age - 99 yrs
Premium Payment Term - 5 To 35 Years

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

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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.

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.

IndiafirstvsAxis Max Term Insurance

Compare

Indiafirst vs Axis Max Term Insurance

Indiafirst

Axis Max Term Insurance

Know More About Companies

Overview

IndiaFirst Term Insurance: Overview

Axis Max Life Term Insurance Plans: Overview

Riders

Riders You Can Avail With IndiaFirst Term Insurance Plans

Riders You Can Avail With Axis Max Term Insurance Plans

But how does it work?

Other Term Insurance Companies

IndiaFirst Term Insurance

IndiaFirst Guaranteed Protection Plan (Pros)

IndiaFirst Guaranteed Protection Plan (Cons)

IndiaFirst Guaranteed Protection Plan (Other Benefits)

IndiaFirst Guaranteed Protection Plan (Eligibility Criteria)

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)

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Reviewed By: Naval Goel

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