Updated October 17, 2026 · AssureCue Editorial Team
Allianz Lebensversicherungs-AG vs Max Life Insurance
What sets them apart
| Compare |  Allianz Lebensversicherungs-AG |  Max Life Insurance |
|---|---|---|
| Premium from | €2.60 | ₹461 |
| Insurance types | Life, Income protection | Life, Health, Critical illness |
| Cover limit | 25,000-20,000,000 EUR | Rs 5 crore sum assured |
| Claims channels | Phone, Chat, Online form | Online portal, Email, Whatsapp, Branch |
| Age range | up to 74 years | 18 years and above |
Same on both: Provider type (Insurer), Monthly payments (Yes).
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Key differences
- Allianz Lebensversicherungs-AG scores higher overall: 9.4 vs 9.3.
- Insurance types: only Allianz Lebensversicherungs-AG offers Income protection.
- Insurance types: only Max Life Insurance offers Health, Critical illness.
- Claims channels: only Allianz Lebensversicherungs-AG offers Phone, Chat, Online form.
- Claims channels: only Max Life Insurance offers Online portal, Email, Whatsapp.
- Support channels: only Allianz Lebensversicherungs-AG offers Chat.
Our verdict on each
Allianz Lebensversicherungs-AG
Allianz Lebensversicherungs-Aktiengesellschaft is a German insurer that suits people who want term life cover priced from €2.60 a month, with limits of 25,000-20,000,000 EUR and entry ages reaching up to 74 years. You deal with the insurer itself, and support runs on phone, email and chat while claims run on phone, chat and online form.
Max Life Insurance
Axis Max Life Insurance Limited is the name now used for Max Life Insurance Company, and the company identifies Max Financial Services and Axis Bank as its joint-venture partners. It describes its offering as protection and long-term savings life insurance, distributed through agency and third-party channels. These details explain the insurer’s stated identity and product...
Score breakdown
| Area | Allianz Lebensversicherungs-AG | Max Life Insurance |
|---|---|---|
| Cost | 9.3HigherStarts at €2.60 a month, under the comparison median €8.37, and monthly payments are available. | 9.2 |
| Offer | 9.2 | 9.2 |
| Trust | 9.6Higher | 9.3 |
Availability and regulation
| Country | Allianz Lebensversicherungs-AG | Max Life Insurance |
|---|---|---|
| Germany | Not confirmed | |
| India | Not confirmed | IRDAI (Insurance Regulatory and Development Authority of India) 104 (ARN/Web/13122024) |
Additional countries for Allianz Lebensversicherungs-AG: 1. Additional countries for Max Life Insurance: 1.
What each covers
| Insurance types | Allianz Lebensversicherungs-AG | Max Life Insurance |
|---|---|---|
| Life | Yes | Yes |
| Health | No | Yes |
| Critical illness | No | Yes |
| Income protection | Yes | No |
How they place
| Ranking | Allianz Lebensversicherungs-AG | Max Life Insurance |
|---|---|---|
| Life insurance | 44 of 263 | 8 of 263 |
Every fact side by side
| Fact | Allianz Lebensversicherungs-AG | Max Life Insurance |
|---|---|---|
| Audience | Not confirmed | Expats, Seniors |
| Pricing model | Monthly | Monthly |
| Legal entity | Allianz Lebensversicherungs-Aktiengesellschaft | Axis Max Life Insurance Limited (formerly Max Life Insurance Company Limited) |
| Headquarters | Germany | India |
| Founded | Not confirmed | 2000 |
| Support channels | Phone, Email, Chat, Help centreCovers more | Email, Phone, Help centre |
Pros and cons
Allianz Lebensversicherungs-AG
Pros
- Starting premium of €2.60 a month, under the comparison median €8.37.
- Cover limits run 25,000-20,000,000 EUR, so the policy scales across a wide range of sums.
- Monthly payments are available, so the cost is spread over the year instead of paid upfront.
Cons
- Monthly is the only payment model listed (monthly), so the payment schedule is a narrow choice.
- The types listed are life and income protection, so the range stops at life and income protection cover.
- Entry ages stop at up to 74 years, so applicants past that point sit outside the range.
Max Life Insurance
Pros
- The company’s about page clearly links the current Axis Max Life Insurance Limited name with the former Max Life Insurance Company name.
- The provider describes both protection and long-term savings life insurance, with agency and third-party distribution channels.
Cons
- The offer is built around the Indian market
- Some reviewers raise concerns about how policies are handled after purchase
Who each suits
Allianz Lebensversicherungs-AG
Who it suits
- People in DE who want life or income protection and would rather hold the policy with the insurer than a broker, since the provider type is insurer
- Anyone who wants the premium spread monthly rather than settled at once, since monthly payments are available
- Applicants inside the entry ages of up to 74 years who want cover sized anywhere within 25,000-20,000,000 EUR
Who should look elsewhere
- Not Linxea if the lowest monthly figure matters most, since Linxea starts at €25 against Allianz's €2.60
- Not Oney Préstamos ES, whose starting premium of €1,000 sits well above Allianz's €2.60
- Not Good Sam Insurance Agency if you want a wider spread of policies, since it covers auto, home and renters while Allianz lists life and income protection
Max Life Insurance
Who it suits
- People in India comparing life insurers by company identity and the provider’s stated protection and long-term savings product scope.
Who should look elsewhere
- Adults under eighteen
- People wanting a single policy type rather than life, health and critical illness cover
Current offers
Max Life Insurance
Current offer
Discount code
Up to 15% Discount on 1 Cr Term Plan: 15% (Rs 1 Cr term plan at Rs 595/Month, reduced from Rs 700)
Prices valid till 30th September 2026; Axis Max Life Smart Term Plan Plus (UIN 104N132V01)
Source, checked September 26, 2026
Discount code
Female Life Discount on Smart Term Plan Plus: 15% flat discount on premium
Applicable throughout the premium payment term for female life insured
Source, checked September 26, 2026
Discount code
0% GST on term insurance plans bought online: 0% GST (18% shown struck through)
On term plans purchased online; 18% GST shown struck through on the product page
Source, checked September 26, 2026
Country by country
| Country | Allianz Lebensversicherungs-AG | Max Life Insurance |
|---|---|---|
| Germany | Yes | No |
| India | No | Yes |
Questions about each
Allianz Lebensversicherungs-AG
How much does the cover cost each month?+
Premiums start at €2.60 a month, and monthly is the payment model on offer (monthly). That sits under the comparison median €8.37, so entry pricing falls in the cheaper part of the market, with the exact figure depending on the cover you choose.
How much cover can I get?+
Cover limits run 25,000-20,000,000 EUR, so the policy can be sized for a modest sum or a far larger one. The range gives room to match cover to a mortgage, a dependants' income or a legacy, and the wider sums sit alongside €2.60 when the premium is worked out.
Max Life Insurance
What is the current company name associated with Max Life Insurance?+
The provider identifies Axis Max Life Insurance Limited as formerly known as Max Life Insurance Company Ltd.
Which customers does the insurer target?+
The insurer targets expatriates and older customers, alongside people of working age who want life and health protection. Adults from eighteen upward are the intended group for its products. The mix of audiences means the range covers several stages of life, from working years through to later life, with options that can be combined as needs change over time.
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