Bajaj Life eTouch II vs Axis Max Life Smart Term Plan Plus
Side by side on the figures that decide a claim — and which one we would actually pick.
We score Axis Max Life Smart Term Plan Plus higher at 4.7/5 against 4.2/5, winning 2 of the 7 comparable measures. eTouch II is the cheaper of the two on the illustrated profiles.
Side by side
| Measure | Bajaj Life eTouch II | Axis Max Life Smart Term Plan Plus |
|---|---|---|
| Myinsurancebro Score | 4.2 / 5 | 4.7 / 5 |
| Claim settlement ratio 3-year average, individual death claims | 99.32% | 99.71% |
| Complaints per 10,000 claims Lower is better — this is how often customers escalate | 2.77 | 3 |
| Solvency ratio IRDAI requires a minimum of 1.5x | 3.52× | 1.89× |
| Annual new business | ₹12,791 Cr | ₹12,567 Cr |
| Cover available | ₹25 L – ₹10 Cr | ₹25 L – no maximum limit (subject to underwriting) |
| Entry age | 18–65 yrs | 18–65 yrs |
| Critical illness cover | Rider | Rider — 64 illnesses on the Platinum variant, up to 30 yrs |
| Premium break / holiday | Yes | Yes |
| Life stage cover boost | No | No |
| Exit with premiums back | Yes | No |
| Premium — 30, Male | ₹20,132 | ₹20,656 |
| Premium — 30, Female | ₹16,234 | ₹17,558 |
eTouch II
If budget is the binding constraint, start here. You get the strongest solvency in the industry, a settlement ratio inside the top five, and a premium that undercuts HDFC Life by roughly 20%. What you give up is feature depth — there is no life stage boost, and the rider menu is short. For a 25-year-old buying a first cover, that trade is usually worth making.
Against it
- The thinnest built-in feature set of the five
- No life stage boost — you cannot raise cover without fresh underwriting
- Smaller on-ground presence outside metros
- Lower brand recall, which matters if your family will handle the claim
Smart Term Plan Plus
This is the plan we recommend most often, and the reason is simple: when your family actually needs to claim, this is the insurer most likely to pay without a fight. The 99.71% settlement ratio and near-zero complaint volume are the two numbers that matter, and Axis Max Life leads on both. The six-variant lineup means we can usually fit it to your situation rather than the other way round. It is not the cheapest, but the gap is small enough that we would not trade it away.
Against it
- Lower brand recall than HDFC Life or SBI Life, which puts some buyers off
- The return-of-premium variants cost significantly more — usually not worth it
- Medical underwriting can be strict on covers above ₹2 crore
- Solvency of 1.89x is comfortable but below Bajaj Life
Which one we would pick
Axis Max Life Smart Term Plan Plus, on balance — 4.7/5 against 4.2/5. Where eTouch II is ahead: complaints per 10,000 claims, solvency ratio, annual new business, premium — 30, male, premium — 30, female. Where Smart Term Plan Plus is ahead: myinsurancebro score, claim settlement ratio.
A score ranks plans on the evidence available; it cannot know your health history, your dependants or which exclusion will matter to you in ten years. Where the two are close, the deciding factor is usually the text rows above — room rent, waiting periods, exclusions — read against your own circumstances.
Scores are plan features 45%, insurer strength 45%, premium 10% — how we score plans.
Frequently asked questions
Which is better, Bajaj Life eTouch II or Axis Max Life Smart Term Plan Plus?
We score Axis Max Life Smart Term Plan Plus higher at 4.7/5 against 4.2/5. This is the plan we recommend most often, and the reason is simple: when your family actually needs to claim, this is the insurer most likely to pay without a fight. The 99.71% settlement ratio and near-zero complaint volume are the two numbers that matter, and Axis Max Life leads on both. The six-variant lineup means we can usually fit it to your situation rather than the other way round. It is not the cheapest, but the gap is small enough that we would not trade it away.
Which of the two settles more claims?
Axis Max Life — 99.71% against 99.32%. Read it beside complaint volume: Bajaj Life draws 2.77 complaints per 10,000 claims and Axis Max Life 3 complaints.
Which is cheaper?
Bajaj Life eTouch II, on the illustrated profiles in the table above. Premiums are illustrations for a stated profile, not quotes — your own depends on age, health, city and underwriting.
Read the full reviews
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Disclaimer: Figures shown here are compiled from IRDAI annual reports and public grievance disclosures, and from insurer public disclosures and policy wordings. Claim settlement ratios and complaint volumes are three-year averages for FY 2024–26. Premiums are indicative illustrations for the stated profile, not quotes — your actual premium depends on your age, health, city, habits and underwriting. Scores are Myinsurancebro's own assessment. Always read the official policy document and speak to an advisor before buying. Myinsurancebro is an IRDAI-licensed insurance advisor — we do not manufacture or underwrite any insurance product.