Kotak Term vs Axis Max Term Insurance Term Insurance 2026 | PolicyX
COMPANY DETAILS ✎ Edit

Kotak Term

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Axis Max Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 375.66 crores

Annual Premiums Collected (2024-25)

₹ 222.60 Cr
Payout Options

Payout Options

Lump sum, monthly, quarterly, half-yearly, yearly or a combination of both

Payout Options

Lump sum, monthly/quarterly/half-yearly/yearly or a combination of both
Claim ratio

Payout Options

98.61%%

Payout Options

99.78%
Solvency Ratio

Solvency Ratio

2.45

Solvency Ratio

2.01
Pan India Presence

Pan India Presence

318

Pan India Presence

405
Riders Available

Riders Available

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

Riders Available

Critical Illness Rider, Accidental Death Benefit Rider, Accidental Disability Benefit Rider, Waiver of Premium Rider, Accelerated Critical Illness Benefit
Inception year

Inception year

2001

Inception year

2000
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.023

Complaint ratio per ₹1 crore of premium collected

0.028
Average claim settlement time

Average claim settlement time

7-15 working days

Average claim settlement time

28-30 days
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Kotak Life Term Insurance

Kotak Life Term Insurance

Axis Max Life Term Insurance Plans

Axis Max Life Term Insurance Plans

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Types of Kotak Life Term Insurance Plans

Every plan currently being sold by Kotak Life Term Insurance, shown side-by-side so you can shortlist quickly.

Kotak Term

The Kotak Term Plan is a pure protection life insurance plan designed to safeguard family finances with its low-cost, high-coverag... Read More

Unique Features

  • Low-Cost Plan
  • Conversion Option
  • Rider Options
Sum AssuredEntry Age: 18 Years
Entry AgeMaximum Entry Age: 60 Years
View plan

Kotak Saral Jeevan Bima

Kotak Saral Jeevan Bima is an affordable, basic term insurance plan, introduced by the Government of India to provide financial pr... Read More

Unique Features

  • Death Benefit
  • Affordable Plan
  • Flexible Premium Payment Modes
Sum AssuredMinimum Entry Age: 18 Years; Maximum Entry Age: 65 Years; Minimum Sum Assured: ₹5 Lakh; Maximum Maturity Age: 70 Years; Premium Payment Term: Regular Pay (RP)
Entry AgeSingle Pay (SP)
View plan

Kotak e-Term Plan

The Kotak e-Term Plan is an online term insurance offering high life cover at affordable premiums, with special rates for women an... Read More

Unique Features

  • Available online
  • 3 plan variants
  • Life cover options
Sum AssuredEntry Age - 18 Years
Entry AgeMax Entry Age - 60 Years
View plan

Types of Axis Max Life Term Insurance Plans

Every plan currently being sold by Axis Max Life Term Insurance, shown side-by-side so you can shortlist quickly.

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 protectio... Read More

Unique Features

  • Cover continuous benefit
  • Terminal illness cover
  • Early exit benefit
Sum AssuredEntry age - 18 years
Entry AgeMax entry age - 65 years
View plan

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. ... Read More

Unique Features

  • 100% return of premium
  • Loyalty Discount of 5%
  • Increase your Sum Assured
Sum AssuredEntry Age - 18 Years
Entry AgeMax Entry Age - 65 years
View plan

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 f... Read More

Unique Features

  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover
Sum AssuredEntry age - 18 years
Entry AgeMax entry age - 65 years
View plan

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 ... Read More

Unique Features

  • 100% return of premium
  • Loyalty Discount of 5%
  • Increase your Sum Assured
Sum AssuredMinimum entry age 18 years
Entry Agemaximum entry age 65 years
View plan

Term Insurance Articles

Quick Comparison with Other Insurers

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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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