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Axis Max Life Smart Secure Plus Plan

  • Financial Ratios90 /100
  • Product Features92 /100
  • Price81 /100Priced Low
  • Claims Experience87 /100
1 Finance Score:89 /100
1 Finance Rank:This policy ranks 2nd out of 17 policies for your age group.
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Product Features

  • Maximum Maturity Agedislike-iconUp to 85 Years
  • Premium Payment Modedislike-icon Regular, Limited and Single Pay
  • Premium Payment Frequencydislike-iconAnnual, Half-yearly, Quarterly, Monthly
  • Death Benefit Payout Optiondislike-iconLump-Sum and Monthly

Financial Ratios

  • Solvency Ratiodislike-icon1.90 times
  • 13th Month Persistency Ratio (No. of Policies)dislike-icon 84.00%
  • 61st Month Persistency Ratio (No. of Policies)dislike-icon 49.00%
  • Commission Ratiodislike-icon6.00%

Claims Experience

  • Claim Settlement Ratio (CSR)- Value of Claimsdislike-icon94.64%
  • Claim Settlement Ratio (CSR)- No. of Policiesdislike-icon99.51%
  • Number of Registered Claim Complaintsdislike-icon10 Complaints per 10,000 Claims
  • Ageing of Claims (AOC) - Average (No. & Amount)dislike-icon77% Claim Score

About Axis Max Life Insurance

Axis Max Life Insurance Limited, formerly Max Life Insurance, is a joint venture between Max Financial Services Ltd. (MFSL) and Axis Bank Ltd. With a legacy spanning over two decades, it has established a strong presence in the insurance sector.

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  • FOUNDED IN2000
  • CEOPrashant Tripathy
  • HEADQUARTERSNew Delhi, India
  • AUM₹96,023.21 Cr
  • PREMIUM UNDERWRITTEN₹29,528.97 Cr

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Looks like your policy serves you well! There’s a lot more to financial planning, like understanding your behaviour and seeking sound advice.

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Did you know?

Term insurance is one of the most affordable types of life insurance and offers extensive coverage at a remarkably low cost.
Term insurance premiums vary based on age, gender, health, and lifestyle choices.
Commencing term insurance at an early age locks in lower base premiums for the entire policy duration.
You can enhance term insurance with additional riders, such as Waiver of Premium on critical illness and accidental disability.
Term insurance provides tax-free lumpsum payouts to financially support your family in case of your untimely demise.
Term insurance plans offer flexible premium payment options for your financial convenience.
Disclaimer

1 Finance Private Limited is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and has no alliance or association with any Insurance companies. The Information contained above in the scoring and ranking model is provided solely for general interest, educational and informational purposes only and may not constitute any kind of advice.

The information for this report was compiled using information from insurance company websites, product brochures, policy wordings, IRDA Annual Reports, and publicly available data. Insurance is the subject matter of solicitation. It’s important to conduct your own research and analysis before making any financial decisions. If you're unclear about what to do, we advise consulting with an impartial advisor.