Reliance Term vs Axis Max Term Insurance Term Insurance 2026 | PolicyX
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Reliance 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)

₹ 5710.68 Cr

Annual Premiums Collected (2024-25)

₹ 222.60 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

98.9%%

Payout Options

99.78%
Solvency Ratio

Solvency Ratio

2.35

Solvency Ratio

2.01
Pan India Presence

Pan India Presence

713+

Pan India Presence

405
Riders Available

Riders Available

Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability 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

0.135

Complaint ratio per ₹1 crore of premium collected

0.028
Average claim settlement time

Average claim settlement time

15 days

Average claim settlement time

28-30 days
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Reliance Term Insurance Plans: Affordable Protection with High Claim Settlement Ratio

Reliance Term Insurance Plans: Affordable Protection with High Claim Settlement Ratio

Axis Max Life Term Insurance Plans

Axis Max Life Term Insurance Plans

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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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