The Paris-based AXA Group and Bharti Enterprises, one of India's top commercial conglomerates with holdings in financial services, telecom, and agriculture, join forces to become Bharti AXA. According to the legislative framework on ownership in the insurance business, the joint venture now holds a 51% stake from Bharti Group and a 49% stake from AXA. Bharti AXA Life Insurance Company aims to grow its nationwide footprint with a vast network of distributors by always offering its clients cutting-edge goods and services. One of the top insurance providers in India, Bharti AXA Life Insurance offers a variety of life insurance policies to support your financial planning.
Bharti AXA aims to provide clients with an experience that propels the business forward. Bharti AXA Life Insurance has recently received many awards and accolades because of its dedication. Here is a list of them:
- Bharati AXA Life Insurance won the 2019 BFSI awards for - Micro Insurance Leader- General Insurance.
- Bharti AXA Life Guaranteed Income Pro was chosen as the 2021 product of the Year.
- The company was awarded 2019 for the Best Customer Service at the 4th Annual Insurance India Summit.
- At the 2019 CMO Global Stars of the Industry Awards, Bharti Life was recognised as the general insurance company of the year
- CMO Global Stars of the Industry Awards, 2019 gave Bharti AXA an award - Technology Initiative of the Year- General Insurance.
Key Features & Benefits of Bharti AXA Life Insurance
Bharti AXA offers various life insurance products. The plans offer good features and benefits and have been made specifically for different types of people. Let us look at these features:
Policy Summary at your Fingertips
with Bharti AXA life insurance, you can now scan a QR code on your smart card to access your life insurance policy. It shows that the company is tech-driven and uses technology to make it easier for the policyholders.
Solvency Ratio
The Solvency Ratio analyses a company's cash flow and liabilities by assisting an individual in assessing the company's ability to handle its immediate and long-term liabilities. IRDAI requires every insurer to maintain a healthy solvency ratio of 1.5. According to the IRDAI Annual Report 2019-20, Bharti AXA Health Insurance has a solvency ratio of 1.78.
Vast Network
The company has a wide network with 254 offices. It shows that the company has a good appearance in the country. Any kind of query is entertained at these branches.
Assets Under Management
Bharti AXA is one of those companies with more than 10,000 Crore of assets. Assets under management are the total market value of an organisation's investments on behalf of clients.
Claim Settlement Ratio
One of the most significant aspects to examine when buying life insurance is the claim settlement ratio. The ratio indicates how many claims out of 100 were satisfied by the insurer during the fiscal year. Bharti life insurance has a CSR of 97.65, which is good.
Life Insurance Plans Offered by Bharti AXA Life Insurance
Bharti AXA has various life insurance plans in the market. The company aims to educate people on the importance of life insurance by curating well-designed plans for every customer. Let us glance at some of the plans offered by Bharti AXA life insurance.
Term Insurance Plans
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Bharti AXA Life Flexi Term Pro |
Coverage Benefits
- Single/Joint Life Cover
- Increased Sum Assured
- Death Benefit
Eligibility Criteria
Entry Age: 18 Years - 65 Years
Sum Assured: 25 Lakhs - No Limit
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Bharti AXA Life Saral Jeevan Bima Plan |
Coverage Benefits
- Affordable Premiums for Women
- Tax Benefit
- Death Benefit
Eligibility Criteria
Entry Age: 18 Years - 65 Years
Sum Assured: 5 Lakhs - 50 Lakhs
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Bharti AXA Life Grameen Jeevan Bima Yojana |
Coverage Benefits
- Two Plan Options
- Flexibility in Premium Paying Term
- No Medical Examination
Eligibility Criteria
Entry Age: 18 Years- 60 Years
Sum Assured: 10K - 2 Lakhs
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Bharti AXA Life Flexi Term |
Coverage Benefits
- Critical Illness Covered
- Flexible benefit payout options
- Tax Benefits
Eligibility Criteria
Entry Age: 18 Years - 65 Years
Sum Assured: 10 Lakhs - 25 Lakhs
|
Bharti AXA Life Smart Jeevan |
Coverage Benefits
- Affordable Premiums
- Tax Benefit
- Maturity Benefit
Eligibility Criteria
Entry Age: 18 Years - 50 Years
Sum Assured: 50K - 5 Lakhs
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Bharti AXA Life Income Protection |
Coverage Benefits
- Two Death Benefit Options
- Return of Premium Available
- Tax Benefits
Eligibility Criteria
Entry Age: 18 Years- 58 Years
Sum Assured: 5 Lakhs - No Limit
Savings & Investment Plans
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Bharti AXA Life Shining Stars |
Coverage Benefits
- Inbuilt Benefit in case of death
- Flexible Payout Options
- Save Tax
Eligibility Criteria
Entry Age: 18 Years - 60 Years
Sum Assured: 50K - No Limit
|
Bharti AXA Life Elite Advantage |
Coverage Benefits
- Guaranteed Lump Sum Benefit
- Guaranteed benefits at regular intervals
- Tax Benefits
Eligibility Criteria
Entry Age: 6 Years - 65 Years
Sum Assured: Depends on the Minimum Premium.
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Bharti AXA Life Super Series |
Coverage Benefits
- Maturity Benefit
- Guaranteed Money Back Benefits
- Tax Benefits
Eligibility Criteria
Entry Age: 6 Years - 63 Years
Sum Assured: 30K - 25 Lakhs
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Bharti AXA Life Monthly Income Plan+ |
Coverage Benefits
- Joint Life Option
- Additional Benefits
- Guaranteed Monthly Benefit
Eligibility Criteria
Entry Age: 91 Days - 65 Years
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Bharti AXA Life Samriddhi |
Coverage Benefits
- Maturity Benefit
- Bonuses
- Tax Benefits
Eligibility Criteria
Entry Age: 0 Year - 55 Years
Sum Assured: Depends on the Minimum Premium
|
Bharti AXA Life Monthly Advantage |
Coverage Benefits
- Maturity Benefit
- Guaranteed Monthly Income
- Tax Benefits
Eligibility Criteria
Entry Age: 91 Days - 65 Years
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Bharti AXA Life Secure Income Plan |
Coverage Benefits
- Life Insurance Cover
- Tax Benefits
- Maturity Benefit
Eligibility Criteria
Entry Age: 0 Years - 65 Years
|
Bharti AXA Life Guaranteed Income Plan |
Coverage Benefits
- Survival Payout
- Maturity Benefit
- Loan Against Policy
Eligibility Criteria
Entry Age: 91 Days - 55 Years
|
Bharti AXA Life POS Saral Bachat Yojana |
Coverage Benefits
- Maturity Benefit
- Death Benefit
- Tax Benefits
Eligibility Criteria
Entry Age: 3 Years - 55 Years
Sum Assured: 15K - 10 Lakhs
|
Bharti AXA Life Aajeevan Sampatti+ |
Coverage Benefits
- Guaranteed Annual Payouts
- Cash Bonuses
- Maturity Benefits
Eligibility Criteria
Entry Age: 91 Days - 55 Years
Sum Assured: 50K - No Limit
|
Bharti AXA Life Flexi Save |
Coverage Benefits
- Bonuses
- Flexibility to Modify Policy Term
- Tax Benefits
Eligibility Criteria
Entry Age: 0 Years - 65 Years
Sum Assured: Depends on the Minimum Premium
|
Bharti AXA Life Serv Suraksha |
Coverage Benefits
- Free-look Option
- Tax Benefits
- Maturity Benefit
Eligibility Criteria
Entry Age: 18 Years - 50 Years
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Bharti AXA Life Future Invest Plan |
Coverage Benefits
- Limited Premium Payment
- Zero Allocation Charge
- Tax Benefits
Eligibility Criteria
Entry Age: 18 Years - 59 Years
Retirement Plans
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Bharti AXA Life Aajeevan Sampatti+ |
Coverage Benefits
- Guaranteed Annual Payouts
- Cash Bonuses
- Maturity Benefits
Eligibility Criteria
Entry Age: 91 Days - 55 Years
Sum Assured: 50K - No Limit
|
Bharti AXA Life Grow Wealth |
Coverage Benefits
- Multiple Fund Options
- Tax benefits
- Choose Higher Coverage
Eligibility Criteria
Entry Age: 0 Year - 70 Years
|
Bharti AXA Life Super Endowment Plan |
Coverage Benefits
- Extended Life Cover
- Guaranteed Benefits
- Maturity Benefit
Eligibility Criteria
Entry Age: 91 Days - 60 Years
Sum Assured: 50K - No Limit
|
Bharti AXA Life Dhan Varsha |
Coverage Benefits
- Guaranteed Survival Benefit
- Cash Bonus
- Tax Benefits
Eligibility Criteria
Entry Age: 91 Days - 55 Years
Sum Assured: 25K - No Limit
|
Bharti AXA Life Saral Pension |
Coverage Benefits
- Guaranteed Fixed Income
- Monthly Annuity Income Option
- Tax Benefits
Eligibility Criteria
Entry Age: 40 Years - 80 Years
How to Buy Bharti AXA Life Insurance
The buying process should be simple and easy. To help you understand Bharti Life insurance online buying process, you can look below:
Buy from "RenewBuy"
- Visit the official site of "RenewBuy".
- Tap on the "Life Insurance Plan" tab.
- Opt from the Best Life insurance Plan.
- Give all the required details.
- Click on "Buy Now".
- Make Payment and buy the life insurance plan.
Buy From the Official Website of Bharti AXA Life Insurance
- Go to the official website of Bharti AXA life insurance.
- Select the tab “Life Insurance”
- Choose the best Life insurance policy.
- Fill all the required details.
- Click on “Buy now”
- All the life insurance documents will be sent to your registered email address.
Claim Settlement Process Online of Bharti AXA Life Insurance
A life insurance company must provide a simple claim settlement process because it is one of the most important features that customers look forward to. You will have a smooth process with Bharti AXA Life insurance because the company is customer-centric and understands the value of time. Here is the process:
Claim Reporting
The first step is to register the claim with Bharti Life insurance. You can walk to the nearest life insurance company branch to file the claim or email at lifeclaims@bhartaxa.com. If you have any query regarding the same, you can go to the official website and under the claim process section you can learn more about it by selecting the option wherein the customer service will contact you.
Claim Evaluation
The claim will be evaluated by the claim specialist. The company will contact you via SMS, phone, or letter if they require any additional information or documentation.
Fund Value accrued under the policy is paid to the nominee within 48 hours of receipt of claim notification for all eligible ULIP contracts.
Claim Settlement
All the claims are processed within 5 working days. However, if there is a need of investigation, the process can take up to 4 months.
Few Things to Remember:
- Read the terms and conditions carefully.
- It is important to keep all the contact details updated.
- Pay your premiums on time to keep your life insurance policy active.
- You must inform your family or loved ones about the insurance policy.
- Read all the features of the life insurance policy.
Documents Required for the Claim
To file a claim under a life insurance, the following documents are required:
- Claim Form
- Original Bharti AXA life insurance policy document
- NEFT mandate form with a cancelled check or bank account passbook and a signature from bank staff.
- Original or attested death certificate.
- a document proving the insured's current address.
- Valide ID Proofs including Aadhar card, PAN card etc.
Bharti AXA Life Insurance Contact Details
Given below are the important contact details about the company:
Address: Unit No. 1902, 19th Floor, Parinee Crescenzo, ‘G’ Block, Bandra Kurla Complex, BKC Road, Near MCA Club, Bandra East, Mumbai - 400051, Maharashtra
Email Address: service@bhartiaxa.com
Contact: 1800-102-4444, 02248815768(WhatsApp) SMS: Service at 56677
Disclaimer:
The details, facts, or figures given here are intended solely for the reader's informational purposes and should not be relied upon for personal, medical, legal, or financial decisions. Please visit the insurer's website for the latest updates. We do not endorse any particular insurance company or insurance product provided by any insurer.