"Bharti AXA Term Insurance is an excellent term protection policy offered by Bharti AXA Life Insurance. The insurer is a joint venture between the Paris-headquartered AXA Group and Bharti Enterprises. Currently, Bharti AXA Term Insurance has six plans under its protection portfolio - Bharti AXA Life Grameen Jeevan Bima Yojana, Bharti AXA Life Flexi Term, Bharti AXA Life Premier Protect Plan, Bharti AXA Life Smart Jeevan, Bharti AXA Life POS Saral Jeevan Bima Yojana and Bharti AXA Life Income Protection. Each of these plans mentioned above are unique in their own set of features and benefits. But your favourite plan on Coverfox."
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.
Premium for a sum assured of Rs.1 crore starts for as low as Rs.6100.
Includes the Family Care benefit that assures the nominee of a Bharti AXA term insurance plan of the pre-decided sum assured, in case of the policyholder’s demise during the policy tenure.
Offers individuals the convenience and flexibility of purchasing Bharti AXA term insurance plan online.
Lower premium rates for non-smokers against a sum assured of more than Rs.50 lakhs.
Includes tax benefits under Sections 80C and Section 10(10D) of the Income Tax Act, 1961.
Healthy Claim Settlement Ratio: With a healthy claim settlement ratio of 92.37%, as per FY 2016-17, Bharti AXA is one of the most reliable insurance companies in terms of quick and easy claim settlements.
Customer Centric Approach: A team of skilled professionals with in-depth industry knowledge follows the customer-first approach in guiding and assisting customers with their requirements and queries. The sole objective is to ensure customer satisfaction.
Holder of Recognized Awards: Bharti AXA boasts of awards for exemplary records in customer satisfaction and customer loyalty.
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 claims@bharti-axalife.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.
Proof of Age: Acceptable documents are Birth Certificate, PAN Card, Voter’s ID, Driving License, Passport, School or College Certificate, etc.
Proof of Address: Acceptable documents are Ration Card, Telephone Bill, Electricity Bill, Passport, Voter’s ID, Bank A/C Statement, etc.
Photo Identity Proof: Aadhaar Card, PAN Card, Driving License, Passport, Voter’s ID, etc.
Income Proof: Salary Slip, Employer’s Certificate, Form 16, etc.
Medical Reports – If asked by the insurance company
Passport size photograph
Accidental Death Benefit Rider: Offers additional sum assured in case of the life insured’s demise arising from an accident.
Waiver of Premium (WoP) Rider: With this rider, all future premium payments are waived off in the case of the death or total permanent disability or critical illness of the policyholder. The remaining premiums are paid by Bharti AXA, so that the policyholder can continue to avail the benefits of his/her policy.
Hospital Cash Rider: This rider makes the Bharti AXA term insurance policyholder eligible for receiving a fixed amount when he/she is hospitalized. Further, he/she can also avail an additional lump sum in case he/she has to undergo surgeries.
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.
