Bharti AXA Life Insurance Company

Bharti AXA Life Insurance

Bharti AXA is a Mumbai-based insurance company that began operations in 2006. Bharti AXA is a joint venture between Bharti Enterprises, an Indian conglomerate, and the AXA Group, a multinational investment bank based in Paris. Bharti AXA Life Insurance is based on the various experiences of both of these renowned groups, resulting in a rich and lively culture. The company has several life insurance plans on its display, suited for every individual’s need in the market.

Canara HSBC OBC Life Insurance has come up with a sack full of different life insurance products ranging from life, health, online plans, terms plan to ULIP plans, and many more along with various variants to cater to the varied needs of its customers. The company’s primary focus is to make the life of its consumers hassle-free and protected. That’s why the insurer provides enough flexibility to the customers to choose and build the plan so that it can serve their purposes.

Key Facts About The Company

Here are the key highlights:

Incurred Claim Ratio78.33 (2019-20)
Premium Underwritten2,187.26 cr.
Corporate Address Unit No. 1904, 19th Floor, Parinee Crescenzo, ‘G’ Block, Bandra Kurla Complex, BKC Road, Near MCA Club, Bandra East, Mumbai -400051
Email Idservice@bharti-axalife.com
SMS ServiceSERVICE at 56677
Contact No.1800-102-4444
Awards & Recognition
  • Voted Product of the Year 2021 for Bharti AXA Life Guaranteed Income Pro & Flexi Term Pro
  • Mint/ Technical Business Transformation Award 2021

Bharti AXA Life Insurance Plans

Bharti AXA offers a multitude of life insurance plans that provide total financial security to your loved ones in the event of unforeseen circumstances. Let’s talk about them in detail!

1. Bharti Axa Term Insurance Plans

Term life insurance is a sort of life insurance that protects the life assured financially in the event of his or her death. The company offers a variety of term insurance contracts, including:

Name of the Plan Eligibility (Min . & Max. Age)Sum Insured (Min & Max.)
Bharti AXA Life Flexi Term

Min. Age- 18 years

Max. Age- 65 years

Min- ₹ 10,00,000

Max.- ₹ 25,00,000

Bharti AXA Life Flexi Term Pro

Min. Age- 18 years

Max. Age- 65 years

Min- ₹ 25,00,000

Max- No Limit, subject to Board Approved Underwriting Policy

Bharti AXA Life Grameen Jeevan Bima Yojana

Min. Age- 18 years

Max. Age- 60 years

Min- ₹ 10,000

Max.- ₹ 2,00,000

Bharti AXA Life Premier Protect Plan

Min. Age- 18 years

Max. Age- 65 years

Min- ₹ 50,00,000

Max.- No Limit, subject to underwriting

Bharti AXA Life Smart Jeevan

Min. Age- 18 years

Max. Age- 50 years

Min- ₹ 50,000

Max.- ₹ 5,00,000

Bharti AXA Life POS Saral Jeevan Bima Yojana

Min. Age- 18 years

Max. Age- 55 years

Min- ₹ 50,000

Max.- No Limit

Bharti AXA Life Saral Jeevan Bima Plan

Min. Age- 18 years

Max. Age- 65 years

Min- ₹ 5,00,000

Max- ₹ 50,00,000 (SA in multiples of 50,000)

Bharti AXA Life Income Protection plan

Min. Age- 18 years

Max. Age-

  • 58 years for a policy term of 12 years
  • 55 years for a policy term of 15 years
  • 50 years for a policy term of 20 years

Min- ₹ 5,00,000

Max. – No Limit, subject to underwriting

  • Bharti AXA Life Flexi Term

Bharti AXA Life Flexi Term Plan is a simple, hassle-free term insurance plan that protects you against an unpleasant event by protecting you against death and providing you with the choice of critical illness coverage. It gives you the choice of choosing one of three death benefit payout alternatives for term insurance to suit your family’s needs: a lump sum payment, an increase in monthly income, or a mix of both.

  • Bharti AXA Life Flexi Term Pro

Bharti AXA Life Flexi Term Pro is a non-linked, individual, non-participating pure risk premium life insurance plan that covers your family’s financial needs and provides life insurance coverage. At an inexpensive price, the plan provides full security for your loved ones. The Plan provides a variety of options and features to assist you in insuring your life and providing financial security for your loved ones based on your requirements and preferences.

  • Bharti AXA Life Grameen Jeevan Bima Yojana

Bharti AXA Life Grameen Jeevan Bima is a life insurance plan that protects your family’s future by providing life insurance coverage at affordable premiums. It is designed to ensure that your family may live happily without financial problems even if you are not present. The plan allows you to choose from a variety of policy terms as well as single and recurring payment options. The plan also offers a return of premium option, in which 100% of the premiums paid are returned as a lump amount at the end of the policy period.

  • Bharti AXA Life Premier Protect Plan

Bharti AXA Life Premier Protect Plan Is a Life Insurance plan that provides life insurance coverage and is designed to protect your family’s future so that they can live comfortably and worry-free even if you are not present. The plan allows you to choose from a variety of policy terms, including single pay, limited pay, and regular pay. The plan allows you to select from a variety of death benefit payment alternatives to meet the needs of your family.

  • Bharti AXA Life Smart Jeevan:

Bharti AXA Life Smart Jeevan protects your family for 12 years if something bad happens to you. It also offers a return of premium advantage, which allows you to save money to fulfil your family’s goals that demand a substantial amount of money by returning 100 percent of the money you have invested after 12 years.

  • Bharti AXA Life POS Saral Jeevan Bima Yojana

Bharti AXA Life POS Saral Jeevan Bima Yojana offers Life Insurance coverage in the event of an untimely death, ensuring financial security for your family. One of the most appealing aspects of the Plan is that it does not need the Life Insured to undergo any medical examination. The plan provides a lump sum payment assured on death for the Life Insured and double the sum assured on death in the event of an accident. You have the option of selecting one of four insurance terms: 10, 15, 20, or 25 years.

  • Bharti AXA Life Saral Jeevan Bima Plan

Bharti AXA Life Saral Jeevan Bima is a non-linked, non-participating premium life insurance plan that allows you to protect your loved ones by providing maximum coverage at a moderate cost. The insurance is a perfect pure protection plan for both you and your family, with basic and easy-to-understand features and standardised alternatives. To meet your needs, the plan offers a variety of policy terms and premium payment arrangements.

  • Bharti AXA Life Income Protection plan

If something bad happens to you, the Bharti AXA Life Income Protection plan ensures that your family continues to receive an income in the form of annual instalments for a period of 15 or 20 years, allowing them to live life to the fullest even while you are gone. The plan also includes a survival benefit, which returns 100-120 percent of premiums paid as a lump sum survival payment at the end of the policy term.

2. Bharti AXA Life Savings Plans

We all have life objectives – getting an education from the greatest university, doing a long-awaited globe tour, and so on – and accomplishing them is only possible if we have the financial means to do so. Invest in savings programs and have a clear plan in place to live the life of your desires.

Name of the Plan Eligibility (Min . & Max. Age)Sum Insured (Min & Max.)
Bharti AXA Life Guaranteed Income Pro

Min Age- 18 years

Max. Age- 60 years

Min: Rs 25,000

Max: No limit

Bharti AXA Life Shining Stars

Min Age- 18 years

Max. Age- 60 years

Min: Rs 25,000

Max: No limit

Bharti AXA Life Elite Advantage

Min. Age- 8 years for 10-years Policy Term

Min Age- 6 years for 12-years Policy Term

Max. Age- 65 years

Min.-Depends on the minimum premium
Bharti AXA Life Super Series

Min Age- 6 years

Max. Age- 63 years

Min.-Depends on the minimum premium
Bharti AXA Life Super Endowment Plan

Min Age- 16 years

Max. Age- 60 years

Min: Rs 50,000

Max: No Limit, subject to underwriting

Bharti AXA Life Monthly Income Plan +

Min Age- 16 years

Max. Age- 60 years

₹ 1,92,000 for 15 years policy term

₹ 2,10,000 for 20 years policy term

₹ 1,35,000 for 30 years policy term

Bharti AXA Life Dhan Varsha

Min Age- 91 days

Max. Age-

55 years for a Policy Term of 20 years.

50 years for Policy Term of 25 years

Min: Rs 25,000

Max: No Limit, subject to underwriting

Bharti AXA Life Samriddhi

Min Age- 8 years

Max. Age- 55 years

Depending on the minimum premium
Bharti AXA Life Monthly Advantage

Min Age-

6 years for 12 years policy term

2 years for 16 years policy term

91 days for 24 years policy term

Max. Age

65 years for 12 & 16 years policy term

60 years for 24 years policy term

Rs. 50,000 for all policy terms
Bharti AXA Life Secure Income Plan

Min. Age

3 years for 15 years Policy Term

1 year for 17 years Policy Term

0 year for 20 years Policy Term

Max. Age– 65 years for 15 years Policy Term

63 years for 17 years Policy Term

60 years for 20 years Policy Term

Depending on the minimum premium
Bharti AXA Life Guaranteed Income Plan

Min Age- 3 years

Max. Age- 55 years

Min: Rs 25,000

Max: No Limit, subject to underwriting

Bharti AXA Life POS Saral Bachat Yojana

Min Age- 3 years

Max. Age-

55 years for a 10-year Policy Term

50 years for a 15-year Policy Term

Max.- Rs. 10,00,000
Bharti AXA Life Child Advantage

Min Age- 18 years

Max. Age- 50 years

Min- Rs. 25,000

Max. – No Limit, subject to underwriting

Bharti AXA Life Aajeevan Sampatti+

Min Age- 91 days

Max. Age- 60 years for ‘To age 100’ policy term

50 years for ‘To age 85’ policy term

Min- Rs 50,000

Max.- No Limit, subject to underwriting

Bharti AXA Life Flexi Save

Min Age- 8 years

Max. Age- 65 years

Depending on the minimum premium
Bharti AXA Life Serv Suraksha

Min Age- 18 years

Max. Age- 50 years

25 times the single premium paid
Bharti AXA Life Unnati

Min Age- 3 years

Max. Age- 60 years

Depends on the minimum annualised premium chosen, plan option, policy term,

premium payment term, gender and age

  • Bharti AXA Life Guaranteed Income Pro

Bharti AXA Life Guaranteed Income Pro is a life insurance policy that includes both life insurance and savings benefits. The plan provides you with assured financial returns and meets your need to meet your financial responsibilities and goals, whether they are for a child’s education, retirement, a vacation, or simply preparing a supplemental income.

  • Bharti AXA Life Shining Stars

The plan gives you the freedom to pick from a variety of premium payment periods and policy terms, as well as benefit payout alternatives based on your child’s needs. The premiums are only due for a certain amount of time. The plan allows you to pick between two Maturity Payout alternatives, which you can select at the policy’s commencement or Maturity.

  • Bharti AXA Life Super Series

Bharti AXA Life Super Series provides you with a guaranteed income that grows every year during the payout period, as well as guaranteed periodic lump-sum payments at the beginning and end of the payout period, to help you achieve your family’s objectives. By paying premiums for a certain time, you can earn a Guaranteed Money Back and a Guaranteed Maturity Benefit under this plan. According to the current tax legislation, you may be qualified for tax benefits on both the premiums paid and the benefits received.

  • Bharti AXA Life Super Endowment Plan

Consider acquiring Bharti AXA Life Super Endowment Plan if you desire a policy that combines life insurance protection, a maturity benefit, and a tax advantage# all in one package. This plan can provide both financial security and a vehicle for saving and asset accumulation. You’ll be able to select from ten premium payment options and policy conditions. In the event of a calamity, the plan also includes supplemental life insurance coverage with the option of extended life coverage to ensure f
inancial security.

  • Bharti AXA Life Monthly Income Plan +

Bharti AXA Life Monthly Income Plan+ is a savings plan that provides you with a guaranteed monthly income as well as non-guaranteed bonuses and family safety in the event of a disaster. The strategy may allow you to live well in your golden years, as it is ideal for both tax benefits and retirement planning.

  • Bharti AXA Life Dhan Varsha

Bharti AXA Life Dhan Varsha is a non-linked participating Individual Life Insurance Savings Plan that offers Guaranteed Survival Benefits from the end of the 10th year until Maturity and annual cash bonuses from the end of the 7th year until Maturity. It also includes a life insurance benefit to ensure that your family is protected in the event of a disaster and that their requirements are addressed on all occasions.

  • Bharti AXA Life Samriddhi

The plan provides financial security for your family’s financial future by allowing you to share in the profits of the company’s participation fund through a non-guaranteed bonus (if declared) due to you at maturity or death. You can also choose between a 5-year or 12-year Premium Payment Term with a 10-year or 20-year Policy Term.

  • Bharti AXA Life Monthly Advantage

This plan allows you to choose from three different policy terms and premium payment terms. It ensures that you obtain a consistent monthly income without having to commit to the plan for an extended time. In the event of your death or total disability, your family will receive a monthly income for the period you specify.

  • Bharti AXA Life Secure Income Plan

You may fulfil your loved ones’ wishes by providing them with a guaranteed monthly income as well as protection in the event of an unfortunate incident with the Bharti AXA Life Secure Income Plan. This plan provides you with a second source of monthly income, allowing you to take care of your long-awaited desires. Even if something awful were to happen to you, you may ensure that your family maintains their standard of living.

  • Bharti AXA Life Guaranteed Income Plan

It is a savings plan that generates increasing income each year, guaranteeing that rising expenses are met, as well as Life Insurance coverage in the event of a tragic occurrence, ensuring that your family is protected even in the worst-case scenario. There are four premium payment terms available with the plan. You will begin receiving pay-outs in the form of yearly instalments at the end of your chosen premium payment period, which will grow every year by 10% of Annual Premium, depending on your policy term, until the end of maturity.

  • Bharti AXA Life POS Saral Bachat Yojana

This is a simple and easy-to-purchase plan that helps you prepare for future needs while also providing financial security for your family in the event of an untimely demise. You can choose from five premium payment terms, and you can even pay premiums for a short time and receive a lump sum payment at maturity. It includes an accidental death benefit, which pays out a total death reward equal to two times the sum assured in the event of death.

  • Bharti AXA Life Aajeevan Sampatti+

This plan provides both guaranteed rewards and security for the rest of your life. Guaranteed Annual Payouts to Maturity are guaranteed with this plan (except in the policy year coinciding with maturity). Once you’ve completed the tenth policy year, you’ll start receiving an annual payout until the Life Insured reaches maturity or dies. From the 6th Policy year until maturity or death, whichever comes first, this nonguaranteed benefit (as a percentage of the Sum Assured on Maturity) is paid out as a cash bonus every year. In the first five years of the policy, no bonuses will be paid.

  • Bharti AXA Life Flexi Save

Bharti AXA Life Flexi Save is a savings plan that lets you save toward your goals while also allowing you to take your money, along with any collected rewards, at any time throughout the Flexi benefit term. You’ll have the option of selecting one of three Premium payment terms, depending on your financial situation.

  • Bharti AXA Life Serv Suraksha

ServSuraksha is a hassle-free life insurance policy from Bharti AXA Life that provides financial security and a secure future for your family with just one premium payment. It is a non-participating policy that provides life insurance coverage to protect your family, with the sum assured payable in the event of death and the Maturity Benefit returned in the event of survival.

  • Bharti AXA Life Unnati

The plan provides reasonable life insurance coverage as well as savings benefits, allowing you to safeguard your family’s future and plan for various life goals. According to current tax legislation, you may be eligible for tax benefits on both the premiums paid and the benefits received. These plans address all of your requirements and ambitions over time, from life insurance to secondary income, goal-based savings to retirement planning.

  • Child Education Plan

Bharti AXA Life collaborates with you to provide well-considered Child Education Plans that will help you safeguard your child’s future.

  • Bharti AXA Life Child Advantage

This child plan ensures your child’s goals are never jeopardised by providing guaranteed reimbursements at key milestones and waiving all future premiums in the event of an unfortunate incident. In addition, any incentives earned from the end of the first year onwards are paid out at maturity, ensuring that your child’s future needs are satisfied.

  • Bharti AXA Life Elite Advantage

The plan combines the advantages of a savings product with insurance for your family in the event of a disaster. It guarantees consistent returns after the insurance term has ended, ensuring that payouts continue even after the Life Cover period has ended. If the policy is in force and all necessary premiums are paid, you will also get Sum Assured at the end of the Maturity Payout Period.

3. Bharti AXA Investment Plans

With a life insurance plan that combines wealth creation and life insurance, you may achieve your aim of life insurance and wealth creation. A ULIP plan combines insurance and investment benefits into a single policy. Savings can help you raise your life insurance coverage while also protecting the future of your loved ones.

Name of the Plan Eligibility (Min. & Max. Age)Sum Insured (Min & Max.)
Bharti AXA Life Wealth Pro

Min Age- 8 years

Max. Age- 65 years

Rs. 20,00,000
Bharti AXA Life eFuture Invest

Min Age- 18 years

Max. Age- 60 years

125% of Single Premium
Bharti AXA Life Grow Wealth

Min Age- 13 years

Max. Age- 64 years

Rs. 2,00,00,000 (10 times the Single Premium)
Bharti AXA Life Future Invest Plan

Min Age- 18 years

Max. Age- 59 years

125% of Single Premium
  • Bharti AXA Life Wealth Pro

Bharti AXA Life Wealth Pro is an Individual Linked Life Insurance and Savings Plan that provides you with a comprehensive financial solution that provides you with a life cover of up to ten times your premium and helps you build wealth over time so that you and your family can achieve all of your goals.

  • Bharti AXA Life eFuture Invest

This plan allows you to generate larger returns on your investment by giving you the option of paying premiums over 5 years or paying once through the single pay option. In addition, the plan protects your family’s financial future with 10-year life insurance, all at the press of a button.

  • Bharti AXA Life Grow Wealth

A savings-oriented unit-linked insurance plan with a life insurance cover and high-interest investments to protect your family in the event of an unexpected incident. It also offers extra perks in the form of loyalty bonuses to guarantee that your money works as hard as you do.

  • Bharti AXA Life Future Invest Plan

Bharti AXA Life Future Invest Plan is an investment plan in which you invest money for a set time and profit generously after the policy term. Benefits can be obtained for ten years by paying a single premium or for five years just by paying a five-year premium. Because there is no Premium allocation fee, all Premiums paid will be assigned to the funds you specify.

4. Bharti AXA Health Insurance Plans

A health insurance plan provides financial stability in the event of a medical emergency. Health problems have not only increased in number but have also become more complex as a result of changing lifestyles. As a result, having a health insurance plan in place becomes critical.

Name of the Plan Eligibility (Min . & Max. Age)Sum Insured (Min & Max.)
Bharti AXA Life Triple Health Insurance Plan

Min Age- 18 years

Max. Age- 59 years

Min- Rs. 2,00,000

Max- Rs. 10,00,000

  • Bharti AXA Life Triple Health Insurance Plan

The Bharti AXA Life Triple Health Insurance Plan allows you to make multiple critical illness claims, up to a maximum of three, with a 365-day ‘no benefit period’ between each claim. This plan pays you the Sum Assured to assist you in covering unexpected medical costs. When deciding on your Sum Assured, keep in mind that you’ll need to be covered for not only the medical costs but also the loss of income while you’re undergoing treatment.

5. Bharti AXA Group Insurance Plans

Bharti AXA offers a variety of group plans to assist employers and trusts in meeting their employee benefit liability obligations in a simple, efficient, and cost-effective manner, as well as to assist employees in securing their family’s financial independence in the event of an untimely death or critical illness.

Name of the PlanEligibility (Min . & Max. Age)Sum Insured (Min & Max.)
Bharti AXA Life Group Credit Protection Pro

Min Age- 18 years

Max Age- 75 years-For basic death benefit option.

74 years – For accelerated terminal illness benefit.

64 years – For other benefit options

Min- Rs. 5,000

Max- Rs. 20,00,000

Bharti AXA Life Group Term Micro Insurance Plan

Min Age- 18 years

Max. Age- 69 years

Min- Rs. 1,000

Max- Rs. 2,00,000

Bharti AXA Life Group Term Insurance Plan

Min Age- 18 years

Max. Age- 69 years

Min- Rs. 5,000

Max- No Limit

Bharti AXA Life Group Loan Protect

Min Age- 18 years

Max. Age- 70 years

Min- Rs. 10,000

Max- No Limit

Bharti AXA Life Group Suraksha

Min Age- 18 years

Max. Age- 54 years

Min- Rs. 5,000

Max- Rs. 25,000

Bharti AXA Life Jan Suraksha

Min Age- 18 years

Max. Age- 59 years

Min- Rs. 2,000

Max- No limit, subject to underwriting

Bharti AXA Life Loan Secure

Min Age- 18 years

Max. Age- 65 years

Min- Rs. 10,000

Max- No limit, subject to underwriting

Bharti AXA Life Pradhan Mantri Jeevan Jyoti Bima Yojana

Min Age- 18 years

Max. Age- 50 years

₹ 2,00,000 per life
Bharti AXA Life Smart Bima

Min Age- 18 years

Max. Age- 50 years

Min- Rs. 5,000

Max- Rs. 5,00,000

Bharti AXA Life Unit Linked Employee Benefits Plan

Min Age- 18 years

Max. Age- 79 years

Flat Sum Assured of INR 5,000 for all members
  • Bharti AXA Life Group Credit Protection Pro:

A comprehensive group credit protection plan is a simple solution to shield you and your family from loan obligations while also providing financial security in the face of life’s unforeseen events including death, terminal illness, accidental total and permanent disability, and critical illness. This product offers a simple and inexpensive approach to add financial security to your existing services.

  • Bharti AXA Life Group Term Micro Insurance Plan

It’s a non-linked, non-participating group term micro-insurance plan that provides two alternatives for death benefit distribution, ensuring maximum financial support and flexibility. The product is designed to provide a winning combination of features and flexibility to meet the needs of your organisation and its members.

  • Bharti AXA Life Group Term Insurance Plan

A comprehensive group term insurance plan that assures your members/customers may live comfortably without fear of life’s unforeseen events. To assure adequate financial support, the plan offers two different death benefit payout alternatives.

  • Bharti AXA Life Group Loan Protect

A complete group credit protection policy that protects your customer’s family in the event of a financial emergency by providing a lump sum to settle your outstanding debt. An easy and cost-effective approach to provide financial security to your present services.

  • Bharti AXA Life Group Suraksha

Bharti AXA Life Insurance Company Limited (“the Company”) introduces GroupSuraksha, a one-year renewable group term policy developed for co-operatives, institutions, and non-governmental organisations (NGO’s) working in the rural and social sectors. It also provides Life Insurance coverage as a kind of financial protection to the families of Group members in the event of a member’s untimely death.

  • Bharti AXA Life Jan Suraksha

This Plan is primarily intended for micro-financial institutions that provide small-ticket loans to self-employed individuals, as well as NGOs and other similar organisations that aim to improve the lives of the economically disadvantaged. The package also includes Life Insurance coverage, with the Sum Assured being paid out in the event of death.

  • Bharti AXA Life Loan Secure

This comprehensive and configurable credit protection plan covers several loan segments under a single policy. To ensure that your family is not left with the financial responsibility of paying off your debts in the event of your death. The plan offers a variety of coverage options for disbursed loan amounts, allowing you to tailor your insurance coverage to your specific needs.

  • Bharti AXA Life Pradhan Mantri Jeevan Jyoti Bima Yojana

The plan was created to suit the standards of the “Pradhan Mantri Jeevan Jyoti Bima Yojana” (PMJJBY) scheme of the Indian government. The coverage will begin on the date when the premium is debited from the insured member’s account to join the programme. Banks shall manage the scheme, which will be governed by the scheme rules as stated by the Government of India from time to time.

  • Bharti AXA Life Smart Bima

Bharti AXA Life Smart Bima is a comprehensive group term life insurance plan that assures your members can live comfortably without fear of life’s unexpected events. This group term life insurance plan offers a death benefit as well as the option of paying premiums in monthly or annual instalments.

  • Bharti AXA Life Unit Linked Employee Benefits Plan

A Unit Linked Group Insurance Plan that allows you to budget for employee benefits and ensures that your employees receive proper gratuity and leave encashment. The plan allows you to choose from four fund options with varying risk-return possibilities, as well as the option to swap between them based on your investment strategy without incurring any switching fees.

Why Go with Bharti AXA for Life Insurance?

Bharti AXA, one of India’s most prominent insurance service providers, offers an incredible range of benefits that make it a preferred choice.

1. Meets Customers’ Needs: Term insurance, savings, investment, health, group, and micro-life insurance plans are all available through Bharti AXA. These life insurance plans are tailored to meet the needs of each individual. A person can select a life insurance plan that best meets his or her needs and fits within their budget.

2. Customer-Friendly Services: The procedure of purchasing a Bharti AXA is simple. Customers can purchase and pay for their insurance policies online. Furthermore, they can use the company’s service network to meet their needs.

3. High Claim Settlement Ratio: Bharti AXA has a claim settlement ratio of 99.05% (death claims) during the financial year 2020-21, one of the best in the country. The claim settlement ratio is a key indicator of an insurance company’s success and demonstrates its dedication to its consumers.

4. Various Premium Payment Options: Customers can pay their insurance premiums online, but Bharti AXA also accepts payments via ‘Auto Debit,’ ‘Standing Instruction,’ ‘Cash or Cheque,’ and other methods.

5. Exceptional Customer Service: Bharti AXA is a customer-focused company. The insurance attempts to give its consumers a positive experience. The organization has 263 offices across India, each with a specialized customer service team ready to help with any life insurance-related question.

6. Remarkable Riders’ Availability: Bharti AXA provides the option for policyholders to add unique riders to their policies that provide additional benefits in specified conditions.

Premium Calculation of Bharti AXA Life Insurance Plans

If you are looking to know the exact premium amount of Bharti AXA, you need to visit the official website of the company. To give you a proper explanation, let’s take an example to understand it properly!

Here’s an example!

Rahul, Rekha, and Piyush have decided to purchase a “Bharti AXA Life Premier Protect Plan” to secure the financial future of their loved ones. Based on the coverage, gender, annual income, age, policy term, and life cover, here is the premium amount that each one has to pay.

Let’s take a look at the table given below;

NameGenderAge (In Years)Life Cover Annual Income Cover Up To Premium (Per Annum)
RekhaFemale25Rs. 50,00,0003-5 Lakh35 YearsRs. 655
RahulMale30Rs. 75,00,0005-7.5 Lakh40 YearsRs. 1089
PiyushMale40Rs. 1,00,00,000More than 7.5 Lakh50 YearsRs. 2,261

How To Invest In Bharti AXA Life Insurance policies?

If you are looking to buy any of the life insurance plans offered by Bharti AXA, you need to follow the following steps:

Online Method

1. Go to the company’s official website.

2. Select the plan you wish to buy by clicking on it.

3. You will then be directed to the insurance plans, from which you must select one.

4. Select “Buy Now,” fill in all required information, and then select “Next.”

5. After you pay the payment, your insurance information will be mailed to your registered address.

Offline Method

Please visit your local Bharti Axa branch if you prefer to purchase the policy in person. Before you buy a policy, you will obtain all of the insurance information you require when you visit the branch.

However, if you continue to encounter problems, you can seek help from Probus Insurance. Visit the website today to learn more!

Claim Process Of Bharti AXA Life Insurance

The procedure for filing a life insurance claim with Bharti AXA is as follows:

1. Claim Registration

Walk into a Bharti AXA Life branch near you.

  • Online registration is available.
  • Please contact at lifeclaims@bhartiaxa.com if you have any questions.
  • Call 1800-102-4444 for further information.

Verbal intimation will be considered for claims made through these modalities. Only when written notice is received can a claim be properly registered.

2. Claim Evaluation

  • The claim will be evaluated by the claim specialist.
  • If we require any additional information or paperwork, the company will contact us via SMS, phone call, or mail.
  • Fund Value accrued under the policy is paid to the nominee within 48 hours of receipt of claim notification for all qualified ULIP contracts.

3. Claim Settlement

  • All claims should be processed within 5 working days, according to the company’s goal.
  • The regulator, on the other hand, provides the insurer up to four months to make a claim decision if the claim requires an inquiry.

Term & Conditions

  • Applicable to Death Claims in the Retail Industry.
  • The policy/policies must be in effect for a minimum of three years.
  • All required documentation must be delivered to your desired branch by 3 p.m. on a business day.
  • Day 1 would begin on the day when all outstanding documents are received.
  • All of the insurance’ total claim amounts should be less than or equal to Rs 50 lakhs.
  • Only non-investigative death claims are eligible for the claims assurance scheme.
  • This guarantee does not apply to claims submitted within the first six days of the month.

Documents Required

Death Claim

Following are the list of documents that we will require to process a Death Claim

Mandatory Documents for all claims

  • Bond for the original policy
  • Statement of Claimant’s Claimant’s Claimant’s Claimant’s Claimant
  • A copy of the local authority’s self-attested death certificate
  • A copy of the nominee’s photo identification and proof of residence
  • A copy of the nominee’s bank account and a personalised cancelled check
  • Additional Documents in the Event of a Non-Accidental Death
  • A copy of the medical cause of death certificate
  • a copy of the patient’s medical records (discharge/death summary, admission notes, test reports, and previous medical data)
  • Certificate from the treating physician
  • Certificate of Employers
  • Certificate from a family physician
  • Additional Documents if the death was caused by an accident, suicide, or murder
  • a copy of the FIR
  • a copy of the autopsy report

Hospitalisation Claim

The list of documents needed to process a Hospitalization Claim is as follows:

Mandatory Documents for Hospitalisation Claim

  • A copy of the certificate of insurance
  • Statement of the Claimant
  • A copy of the patient’s medical records (Final Hospital Bill, Admission notes, discharge summary, test reports including past medical records)
  • Certificate from the treating physician

Note: Bharti AXA Life maintains the right to request any additional information or documents necessary to verify the claim’s authenticity.

Tips to Ensure Quick & Seamless Claim Process

  • Always provide your insurance with precise details regarding your personal information.
  • If you engage in any harmful behaviour (for example, smoking, participating in dangerous sports, etc. ), inform your insurer.
  • Share the insurance policy’s data with the beneficiary. If the recipient (or nominee) is a minor, make sure a responsible adult is also informed.
  • Keep the beneficiary informed if you make any modifications to your policy.
  • Educate your family members about the processes to take when filing a claim in the event of an unexpected occurrence or accident.
  • Ensure that you pay your insurance premiums on time.

Frequently Asked Questions

1. Is it important for senior persons to have life insurance?

Senior citizens do not need to purchase life insurance unless their children or spouses are financially dependent on them or they have outstanding loans or debts.

2. Why should I think about purchasing life insurance?

Life insurance is, at its most basic level, a cash reward for the unavoidable events of life. These events can include death, disability, or retirement, and they commonly result in a household’s loss of income. This is where a life insurance policy can help you and your family the most. You should purchase a life insurance policy to:
  • Help your close family financially after retirement.
  • Invest in your child’s education.
  • Obtain a reliable second source of income
  • Obtain insurance benefits if your earnings are harmed as a result of a serious illness.
  • Obtain immediate tax benefits following current tax laws.

3. Is it possible to buy Bharti AXA Life Flexi Term if I already have a term plan with another company?

When applying for the Bharti AXA Life Flexi Term cover, the consumer must declare his income and existing insurance coverage in the appropriate categories. The customer’s request for protection will either be refused or granted at a lower cover level, depending on the underwriting decision (counteroffer).

4. What are the "causes of death" that the Flexi Term policy excludes?

Suicide in the first year is not included.

5. Is it possible for us to have multiple term insurance policies?

To meet your financial needs, you might purchase multiple term insurance plans. It is also feasible for an insurance plan to have many beneficiaries. If you have two insurance plans, there is no requirement that you name the same individual as the beneficiary for both.

6. What level of term insurance coverage do you require?

A term insurance policy should cover 15-20 times your annual income. According to experts, if your annual salary is Rs. 6 lakhs, you should buy a cover of at least Rs. 90 lakhs and up to Rs. 1.20 crore.

7. What are the chances that my claim won't be settled?

The Policy will be void if the Life Insured, whether sane or crazy, commits suicide, directly or indirectly, that results in the death of the insured person within one year of the Issue Date; or from one year of the date of the most recent Revival of the Policy. In the cases mentioned above, no benefits will be paid. Please see Policy Bond for a complete list of terms and conditions.

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