Axis Max Life Smart Term Plan Plus vs Aditya Birla Sun Life Super Term Plan
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 4/5, winning 5 of the 6 comparable measures. Smart Term Plan Plus is the cheaper of the two on the illustrated profiles.
Side by side
| Measure | Axis Max Life Smart Term Plan Plus | Aditya Birla Sun Life Super Term Plan |
|---|---|---|
| Myinsurancebro Score | 4.7 / 5 | 4 / 5 |
| Claim settlement ratio 3-year average, individual death claims | 99.71% | 98.7% |
| Complaints per 10,000 claims Lower is better — this is how often customers escalate | 3 | 1.33 |
| Solvency ratio IRDAI requires a minimum of 1.5x | 1.89× | 1.82× |
| Annual new business | ₹12,567 Cr | — |
| Cover available | ₹25 L – no maximum limit (subject to underwriting) | ₹25 L – no maximum limit (subject to underwriting) |
| Entry age | 18–65 yrs | 18–65 yrs |
| Critical illness cover | Rider — 64 illnesses on the Platinum variant, up to 30 yrs | Built in — 42 illnesses |
| Premium break / holiday | Yes | Yes |
| Life stage cover boost | No | Yes |
| Exit with premiums back | No | Yes |
| Premium — 30, Male | ₹20,656 | ₹21,767 |
| Premium — 30, Female | ₹17,558 | ₹18,235 |
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
Super Term Plan
The built-in critical illness cover is the whole argument for this plan, and it is a good one — bundling 42 conditions into the base premium usually beats buying a rider separately. The counterweight is that Aditya Birla Sun Life has the weakest insurer metrics of the five. If you want term and critical illness in a single policy and are comfortable with a 98.70% settlement ratio, this makes sense. If you would rather maximise claim certainty, take Axis Max Life and buy the rider.
Against it
- At 98.70%, the lowest settlement ratio of the five
- Solvency of 1.82x is the thinnest here, though still above the 1.5x minimum
- The critical illness payout is capped at 50% of cover or ₹50 lakh, whichever is lower
- Smaller distribution footprint in some states
Which one we would pick
Axis Max Life Smart Term Plan Plus, on balance — 4.7/5 against 4/5. Where Smart Term Plan Plus is ahead: myinsurancebro score, claim settlement ratio, solvency ratio, premium — 30, male, premium — 30, female. Where Super Term Plan is ahead: complaints per 10,000 claims.
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, Axis Max Life Smart Term Plan Plus or Aditya Birla Sun Life Super Term Plan?
We score Axis Max Life Smart Term Plan Plus higher at 4.7/5 against 4/5. 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 98.7%. Read it beside complaint volume: Axis Max Life draws 3 complaints per 10,000 claims and Aditya Birla Sun Life 1.33 complaints.
Which is cheaper?
Axis Max Life Smart Term Plan Plus, 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
Best term life insurance plans · All term life insurance plans
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.