Bharti AXA Endowment Plans

Let’s look at the basic features and benefits of these plans:

Guaranteed Benefits:

When you buy a Bharti AXA Endowment Plan, you get certain guaranteed benefits. This means that you are promised to receive these benefits no matter what happens.

For example, if you stick with the plan for a certain number of years, you will get a specific amount of money at the end. This makes it easy to plan your finances because you know exactly what to expect.

Flexibility In Paying Premiums:

These plans also offer flexibility in paying premiums. This means you can choose how often you want to pay – monthly, quarterly, or yearly.

If your financial situation changes, you can adjust your payment plan. This flexibility helps you manage your budget better without sacrificing your benefits.

Death Benefits:

In case something unexpected happens to you during the plan term, your family will receive a set amount of money. This ensures that your loved ones will have financial support in the difficult times when you are not there for them.

Maturity Benefits:

When your plan reaches its maturity date, it will pay you a lump sum, usually larger than what you paid in premiums. This benefit helps you achieve your savings goals, such as buying a house or paying for your children’s education.

Survival Benefits:

If you stay with the plan and keep making your premium payments, you may get survival benefits. These are additional payments made at certain points during the plan term.

For example, you might receive a part of the total benefit before the plan ends. This provides extra financial support and helps you manage your expenses while still saving for the future.

Tax Benefits:

Bharti AXA Endowment Plans also offer tax benefits. This means that the money you pay as premiums might be tax deductible, and the benefits you receive are often tax-free. This helps you keep more of your money and reduce your tax burden.

Higher Claim Settlement Ratio:

Bharti AXA Life Insurance Company has a very high claim settlement ratio of 99.1%. This means that almost all policyholder claims are approved and paid out.

This is a strong indicator that Bharti AXA is reliable and trustworthy when it comes to paying claims against endowment plans. 

Dedicated Claim Handler:

They also provide a dedicated claim handler for their policyholders. This person’s job is to help you with your claim and ensure that the process is smooth and efficient.

24 X 7 Online Customer Service:

Bharti AXA offers 24 X 7 online customer service. You can get help and information about your endowment plan anytime and from anywhere.

Whether you have questions about your premiums and benefits or need to make a claim, you can reach out for assistance at any hour of the day. This convenience ensures that you always have support when you need it.

Buying an endowment plan online can be a simple process if you follow a few easy steps. 

• Do Your Research Work

Before you decide on a plan, it’s important to gather information about different options of Bharti AXA. Start by reading the details of each endowment plan offered by the company.

Pay attention to what is included and what is not. It’s also crucial to check the fine print to understand how claims are handled and any other important terms and conditions. This research will help you make an informed choice about which plan is best for you.

• Check Eligibility Requirements

Each Bharti AXA endowment plan has specific eligibility requirements. Check the income ranges to see if your income fits within the plan’s requirements. 

Also, verify the age limits to ensure you are within the acceptable age range for purchasing the plan. You will also need to provide certain documents, such as proof of age, identity, address, and income. 

• Fill Out Online Forms

Once you have chosen a plan and confirmed that you meet all the eligibility criteria, you need to complete the online application form as provided on the company’s website. 

Fill out the application form accurately and honestly. You will also need to upload any required documents, such as proof of age, identity, address, and income. Be thorough in providing this information to avoid delays in processing your application.

• Pay Premium

To pay premiums for Bharti AXA Endowment Plans, you need to follow the 3 simple steps:

Step 1: Select Your Policy: Pick the policy you want to pay for.

Step 2: Choose Payment Method: Decide how to pay—use a card, UPI, or net banking.

Step 3: Authenticate Payment: Confirm your payment to get an online confirmation.

• Receive Policy Materials

After you have submitted your application, you will receive your policy documents via email. Keep an eye on your inbox and phone for any notifications related to your policy. Once you receive the documents, it is important to save them in a safe place.