Axis Max Life Term Insurance Renewal: Complete Online & Offline Guide

Term insurance ensures your family’s financial security, but that protection only continues as long as your policy remains active. Keeping your Axis Max Life Term Insurance active requires timely renewal to ensure uninterrupted coverage.

This guide breaks down the Axis Max Life Term Insurance renewal process in the simplest way possible, so you know exactly how to renew, where to pay, what timelines to follow, and how to ensure your policy never slips into lapse.

Axis Max Life Term Insurance: An Overview

Axis Max Life Insurance, a leading private life insurer in India, was established in 2000 as a joint venture between Max Financial Services (80%) and Axis Bank (20%). Utilizing Max Group’s experience and Axis Bank’s strong network, it offers term plans, savings plans, ULIPs, and retirement solutions.

The company is known for its strong financial health, with a Solvency Ratio of 1.88 (2022–25), well above IRDAI’s 1.5 minimum and an industry-leading 99.62% Claim Settlement Ratio (2022–25). Its feature-rich term plans, like AMLI Smart Term Plan Plus and AMLI Smart Secure Plus, include riders such as Critical Illness, Waiver of Premium, and accidental death and disability coverage.

This detailed review breaks down the various features, benefits, and costs associated with their flagship plan:

How to Complete Axis Max Life Term Insurance Renewal Online

Renewing your policy online is the quickest and most convenient method. 

1. Official Website: Log in to the Customer Login portal with your registered mobile number or policy number and verify with an OTP. 

Once logged in, go to “Pay Premium / Renewal”, select the policy you want to renew, and complete the payment using your preferred method such as Net Banking, UPI, or Debit/Credit Card. The renewal receipt can be downloaded and is also sent to your email and mobile.

2. Mobile App: Download and use the official Max Life Insurance mobile application. Log in, select your term policy, and choose the payment option.

Axis Max Life Term Insurance Renewal Offline

If you prefer more personalized assistance, these offline renewal methods are available:

1. Renew Through the Branch: Visit your nearest Axis Max Life branch to renew in person. Speak with an advisor to review your policy, clarify benefits, and explore add-on riders. Payments can be made via cash, cheque, demand draft, or card, and you’ll receive a printed receipt once the renewal is processed.
2. Renew Through Customer Care: You can reach Axis Max Life Insurance via toll-free 1860 120 5577 or email. Keep your policy number, DOB, and registered contact ready; the executive will verify your details and guide you through renewal and payment.

Axis Max Life Term Insurance Renewal Grace Period

If you miss your premium due date, the grace period lets you pay without losing coverage. Policy remains active, and renewal can be completed without penalties.

The length of the grace period for Axis Max Life Term Insurance Renewal depends on your chosen premium payment frequency.

Note: Your coverage continues during the grace period. If the insured person passes away during this time, the insurer will pay the death benefit to the nominee after deducting any unpaid premium up to the date of death. Failure to pay by the end of the grace period will result in the policy lapsing.

Why Choose Ditto for Term Insurance?

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Confused about the right term insurance? Speak to Ditto’s certified advisors for free, unbiased guidance. Book your call now, slots fill up fast!

Conclusion

Axis Max Life is known as a stable and customer friendly insurer so the renewal process is usually smooth. The insurer offers simple renewal options through the website, the mobile app customer care or a nearby branch. 

Since Axis Max Life Insurance is a partner insurer of Ditto, if you purchased your term plan through us, you can get in touch with our team, and we will guide you through every step of the renewal process: Renew Your Policy with Ditto.