Max Life Insurance
Est. 2000New Delhilife insurer
CSR 2023-24
99.51%
Excellent
Complaints FY 2022-23
1.45
per 10K policies
99.8% disposal rate
Source: IRDAI Annual Report 2022-23
Max Life consistently ranks among the top three private insurers for claim settlement. Its Smart Secure Plus term plan includes built-in terminal illness and accidental death cover at no extra charge.
Claim settlement ratio history
Strengths
- +99.51% claim settlement ratio (2023-24) — highest in the industry
- +Terminal illness benefit included by default
- +Strong bancassurance via Axis Bank
Limitations
- -Policy purchase process requires video KYC for higher sum assured
- -Premiums are slightly higher for smokers compared to peers
How to file a claim
Claims can be filed online, via app, or at any branch. WhatsApp claims initiation is available.
Featured plans
Smart Secure Plus
- *Terminal illness benefit included
- *Accidental death benefit included
- *Cover up to age 85
- *Monthly income option for family
Ready to check the actual premium?
Compare on PolicyBazaar without sharing your phone number at checkout