Sud Life
vs
Axis Max Term Insurance

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  • Premiums starting @Rs 15/day
  • 30-day grace period
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Sud Life vs Axis Max Term Insurance

Sud Life

Star Union Dai-ichi Life Insurance is a joint venture between Bank of India, Union Bank of India and Dai-ichi holdings with 19000+ bank branches and 15 million customers.

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 Edit SUD Term Insurance Company

Sud Life

Edit Axis Max Life Term Insurance

Axis Max Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs 5746.37 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

97.42%

Payout Options

99.70%
Solvency Ratio

Solvency Ratio

2.2

Solvency Ratio

1.8
Pan India Presence

Pan India Presence

11k branches

Pan India Presence

304
Riders Available

Riders Available

Accidental Death and Total & Permanent Disability 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

5 to 40 years

Policy Term

10 to 67 years

Know More About Companies

Overview

SUD Life Term Insurance: Overview

Star Union Dai-Ichi Life Insurance offers 3 term insurance plans to suit your different needs: Saral Jeevan Bima, Life Protect Shield, and Life Protect Shield Plus. These plans protect your family's financial future if you pass away untimely during the policy term.

SUD Life Term Plans are designed to protect your family financially even in your absence. It is a reputed and trusted name in the insurance sector. SUD Life Term Plans offer a range of benefits including affordable premiums, high sum assured, flexible payout options, longer coverage, etc. These plans come with additional rider benefits including Accidental Death and Total and Permanent Disability Rider and Family Income Benefit Rider. You can choose a life cover ranging from 5 lakhs to 5 crores as per your financial needs and requirements.

What are some of the
Benefits
that set them apart?

  • Stay Protected with a life cover.

  • Get back all your premiums at maturity.

  • Protection against 40 critical illnesses.

  • Tax benefits.

  • High cover at affordable premiums.

  • Multiple premium payment term options.

  • Get an extra payout with additional riders.

Riders

Riders You Can Avail With SUD Term Insurance Plans

Name of the rider Benefits
SUD Life Accidental Death and Total & Permanent Disability Benefit Rider Get an extra payout on top of the base cover for up to 180 days upon death due to an accident or accidental total & permanent disability.

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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 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)

Axis Max Life Premium Return Protection
  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

Axis Max Life Premium Return Protection (Cons)

Axis Max Life Premium Return Protection
  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

Axis Max Life Premium Return Protection (Other Benefits)

Axis Max Life Premium Return Protection
  • Death Benefit in Instalments
  • RP
  • WOP & 3 Riders
  • Additional Cover for Spouse

Axis Max Life Premium Return Protection (Eligibility Criteria)

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

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)

Axis Max Life Smart Total Elite Protection
  • Special Exit Value
  • Accident Cover
  • Terminal Illness Cover

Axis Max Life Smart Total Elite Protection (Cons)

Axis Max Life Smart Total Elite Protection
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Axis Max Life Smart Total Elite Protection (Other Benefits)

Axis Max Life Smart Total Elite Protection
  • Cover continuance benefit
  • Insta payment
  • Choose policy term

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Axis Max Life Smart Total Elite Protection
  • 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 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)

Axis Max Life Smart Secure Plus Plan
  • Income Protector
  • Rider Options
  • Premium Return (ROP)

Axis Max Life Smart Secure Plus Plan (Cons)

Axis Max Life Smart Secure Plus Plan
  • Limited Maturity Benefit
  • Plan Complexity
  • No Loan Benefit

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Axis Max Life Smart Secure Plus Plan
  • Enhance Cover at Milestones
  • Accelerated Critical Illness Benefit
  • Accident Cover

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Axis Max Life Smart Secure Plus Plan
  • 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 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)

Axis Max Life Smart Term Plan Plus
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value

Axis Max Life Smart Term Plan Plus (Cons)

Axis Max Life Smart Term Plan Plus
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Axis Max Life Smart Term Plan Plus (Other Benefits)

Axis Max Life Smart Term Plan Plus
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover
  • Special Discount for Females

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Axis Max Life Smart Term Plan Plus
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 2 lakhs
  • Max maturity age - 100 years
  • PPT - RP/SP/LP
Naval Goel

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.