ClaimRatioβ
Life Insurance · IRDAI Data

Max Life Insurance

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.

LIFECSR 99.51% · FY2023-24New Delhi
CSR FY2023-24
99.5%
23,672 settled

CSR History

YearCSR %Claims SettledSource
FY2023-24 LATEST99.51%23,672IRDAI Annual Report 2023-24
FY2022-23 99.34%22,891IRDAI Annual Report 2022-23

Pros & Cons

Pros
  • ✓99.51% claim settlement ratio (2023-24) — highest in the industry
  • ✓Terminal illness benefit included by default
  • ✓Strong bancassurance via Axis Bank
Cons
  • ✕Policy purchase process requires video KYC for higher sum assured
  • ✕Premiums are slightly higher for smokers compared to peers

Complaint Data

Complaints / 10K
1.45
FY2022-23
Grievance Disposal
99.8%
How does Max Life compare?
Side-by-side CSR, complaints, and grievance data.
Compare Max Life →