- About Coverfox
Bharti AXA Term Plan is an insurance term plan with exceptional coverage. Coupled with affordability and availability, it is the best way to stay protected.
Instant financial support, 48hour limit on fund release
Bharti AXA Life insurance boasts an amazing claim payout, at over Rs. 40 Lakhs, and offers a 48 hour limit on fund release, to ensure an instant financial support at the time of need. Bharti AXA makes buying Life Insurance plans a simple and easy process for people from all walks of life.
Customer Centric Approach: Bharti AXA focuses on the specific needs of every single customer. Bharti AXA workers are available, reliable and attentive, and understand the individual needs, which make it easy to provide the right product for each customer.
Easy Claim Process: The service is also digitally enabled, and this makes any type of transaction convenient and hassle-free.
Fast Claim Settlements: Bharti AXA offers dedicated claims handlers and a 48 hour fund release, which an industry first.
Awards and Accolades: Bharti AXA has received multiple awards, and for the 2nd year in a row, is the most trusted brand in the country, as well as grabbed the 3rd spot in the customer loyalty, according to customer satisfaction.
BHARTI AXA LIFE SERV SURAKSHA– make only one payment and ensure financial stability for your family
Bharti AXA Life Hospital Cash Rider - allows payment of a fixed benefit for each day of Hospitalization, and a lump sum payout in case of surgery
Bharti AXA Life Premium Waiver rider - In case of critical illness of the Life Insured, death or ATPD future premiums will be waived off
A policyholder will not be able to file the claims in the following situations:
In order to claim your benefits, you need to inform Bharti AXA. You can do this in different ways – Visit the Bharti AXA Life Branch nearest to you, call the toll-free number – 1800-102-4444, send an email at email@example.com, , or register online for your claim. If you are not able to reach us with this system, we can get in touch with you ourselves by giving you a call. After initiating the claim, you need to submit the documentation needed for your claim. You can do this in the nearest local branch, or you can submit the documents online. You can be rest assured of receiving updates with regards to the progress of your claim. If no investigation is needed on the ULIP contracts, the value is paid to the client within the time frame of 48 hours. If there are investigations to be carried out, the issuer of the claims has at most 6 months to make a choice based on the claim.
Bharti AXAhas an amazing rate of claim settlement ratio. With a 0.98 ratio of claims settled to claims reported, it means that 98% of the claims reported in the first quarter of 2016 were paid out. Repudiated claims are mostly done on the basis of incorrect disclosure of age, occupation/income, non-disclosure of previous insurance, or medical adversities, and most commonly, fraudulent claims are repudiated. This, along with their 48 hours payout, makes Bharti AXA one of the safest and most honest insurance companies on the market.
Here is a look at some additional details of Bharti AXA’s term plans:
Bharti AXA Life Flexi Term - This Bharti AXA term plan offers multiple death benefit pay-out options - Lump sum, Monthly Income and Lump sum plus Monthly Income.
Optional critical illness benefit plans that can be added to this cover include Comprehensive Cover, Major Illnesses Cover and Heart & Cancer Cover.
Bharti AXA Life Secure Confident - The minimum sum assured under this Bharti AXA term plan is Rs. 5,00,000. In case the policyholder has opted for rider benefit, the individual must note that the benefit is available until the policy benefit period or till 60 years, whichever is earlier.
Bharti AXA Life Elite Secure Plan - The minimum sum assured under Bharti AXA term plan is Rs. 25,00,000. The riders that can be availed with the base plan are Bharti AXA Life Hospi Cash Rider and Bharti AXA Life Accidental Death Benefit Rider.
What if i already have a term plan from another company? Am i still eligible for buying Bharti AXA Life eProtect?
If a customer has any existing insurance, they must disclose it, along with their income details in the sections required when fulfilling an application for Bharti AXA Life eProtect. Depending on the company’s decision, the request can be either declined, or a counter-offer will be issued to be accepted.
Can I buy the Bharti AXA policies from insurance policy aggregators?
Whenever an aggregator website has any of the Bharti AXA products on its website, they are only advertising it. Any and all viable applications for purchasing Bharti AXA products are available on the main website. The aggregator may only route you to them, but you cannot purchase a policy directly from an aggregator.
Are all claims settled? Are there any circumstances which may stop my claim from being settled?
In general, all policies are void if the person that is Life Insured, commits suicide, whether sane or insane. There may be extenuating circumstances allowing for some form of settlement, but these differ from policy to policy. For specific Terms, it is best to review the Policy Bond.
If I apply for a policy and it is declined and not issued, when will I get my money back?
If your policy is declined or postponed, the amount you paid will be refunded within 10 days (excluding weekends and holidays).
What will happen if the premium renewal is still not paid, and the holder of an eProtect policy is not available? Can I still settle the claim?
In cases where premiums are overdue, the policy is considered in a lapse state. No claims can be payable during this, however, customers have the option to renew or reinstate their policy as their specific contract allows.