Bharti AXA Life Insurance

Bharti AXA Life is the private sector general and life insurance provider headquartered in Mumbai, Maharashtra. It is an amalgamation between the Indian conglomerate Bharti Enterprises, and the AXA – one of the biggest multinational financial and the wealth services company.

Bharti AXA Life insurance policies are present across the broad spectrum. The customers can choose the products ranging from the traditional to investment plans to child plans through which one can ensure the protection of their children, among all the available products as per the need. Here’s the brief overview of some of the available Bharti AXA life insurance products.

Key Highlights of the Bharti Axa Life Insurance:

Eligibility for Bharti AXA Life Insurance:

a. Minimum age requirement for Bharti AXA Life Insurance is 18 years.
b. Maximum age for Bharti AXA Life Insurance should be 65 years old.

Occupational eligibility for Bharti AXA Life Insurance:

Either the applicants should be either Salaried, Self- employed, a professional or should have their own business.

Tenure and Sum Assured in Bharti AXA Life Insurance:

a. The maximum mandate of Bharti AXA Life Insurance is 65 years.
b. Maximum and minimum sum assured for Bharti AXA Life Insurance cover:
1. Min-Sum Assured: Rs 25 Lakhs
2. Max Sum Assured: No limit subjected to underwriting

Specific Exclusions for Bharti AXA Life Insurance: Suicide within the first 12 months.

Documentation required to apply for a Bharti AXA Life Insurance:

1. Identity Proof
2. Age Proof
3. Income Proof
4. Address Proof
5. PAN Number

Bharti AXA Life Insurance

Since its inception, Bharti AXA has been one of the leading providers of life insurance in the country. The company has been one of the top insurers for various reasons, the most important of which is, its focus on customer requirements and gratification. The company strives to understand the needs of every customer to deliver customized products. It is commencing with the motto of being available, reliable and attentive to its customers. Bharti AXA provides digital services to enable its customers to transact in a hassle-free manner as per the convenience.

Types of Bharti AXA Life Insurance Plans:

Understanding the various needs of its million customers, Bharti AXA provides a broad spectrum of life insurance policies which have been designed to meet the myriad of insurance and financial goals. These policies offer solutions for retirement planning, maximizing the savings, planning for the child’s future, and several other goals. For group insurance, Bharti AXA provides group insurance plans which enable the employers to give excellent insurance cover to their employees while assisting them in generating income. Following is the list of the individual and group insurance plans provided by Bharti AXA.

Savings Plan
1. POS Saral Bachat Yojana
2. Super Endowment Plan
3. Guaranteed Income Plan
4. Sarv Suraksha Plan
Monthly Advantage Plan
5. Super Series Plan
6. Dhan Varsha Plan
7. Samriddhi Plan
8. Elite Advantage Plan
9. Aajeevan Sampatti Plus Plan
10. Secure Savings Plan
11. Monthly Income Plan
12. Secure Income Plan
13. Flexi Save Plan
14. Invest Once Plan
15. Child Advantage Plan
16. e-Aajeevan Sampatti Plus Plan
17. Smart Jeevan Plan
Protection Plans
1.Bharti AXA Life Flexi Term
2. Bharti AXA Life Income Protection
3. Bharti AXA Life Secure Confident
4. Bharti AXA Life Elite Secure
Investment Plans
1.Bharti AXA Life Grow Wealth Plan
2. Bharti AXA Life Future Invest Plan
3. Bharti AXA Life e Future Invest Plan
Health Plans
1. Bharti AXA Life Triple Health Insurance Plan
Riders
1.Bharti AXA Life Term Rider
2. Bharti AXA Life Premium Waiver Rider
3. Bharti AXA Life Hospital Cash Benefit Rider
4. Bharti AXA Life Accidental Death Benefit Rider

Bharti AXA Life Insurance Plans For Individuals

1. Bharti AXA Savings Plans
2. Bharti AXA Life Dhan Varsha – It is the traditional non-linked, participating insurance plan accompanied by several benefits such as flexible premium payment terms, annual benefits like non-guaranteed cash bonuses & the guaranteed survival benefits, 100% assured payable sum as the benefit of maturity and the continuation of the benefits even after the death of the policyholder.
3. Bharti AXA Life Super Series – This insurance plan has some distinctive and multiple advantages such as it allows the applicant to choose between two plans depending on the investment and returns, provides maturity benefit along with the Guaranteed Maturity Addition and  tax benefits not only on premium payments but also on the benefits received by the insured person.
4. Bharti AXA Life Child Advantage – It is a traditional participating savings plan which comes with an inbuilt benefit of premium waiver. The plan provides the freedom to choose between the money back and Endowment (or maturity benefits), based on the needs.
5. Bharti AXA Life eaAjeevan Sampatti+ - It is the non-linked savings plan which is available online and provides the double benefit of cover, up to the age of 100 years, along with the guaranteed annual pay-outs.
6. Bharti AXA Life Samriddhi
7. Bharti AXA Life Elite Advantage
8. Bharti AXA Life Aajeevan Sampatti
9. Bharti AXA Life Secure Savings Plan
10. Bharti AXA Life Monthly Income Plus Plan
11. Bharti AXA Life Secure Income Plan
12. Bharti AXA Life Flexi Save
13. Bharti AXA Life Invest Once
14. Bharti AXA Life Monthly Advantage
15. Bharti AXA Life POS Saral Bachat Yojana
16. Bharti AXA Life Super Endowment Plan
17. Bharti AXA Life Guaranteed Income Plan
18. Bharti AXA Life Serv Suraksha
19. Bharti AXA Life Smart Jeevan Plan

The plan provides flexibility pertaining to the policy term. The investors can choose from five different kinds of terms and conditions for the premium payments.
For Super Endowment Plan  the minimum assured amount: Rs.50,000 Maximum sum assured amount: No Limit   
The plan provides flexibility pertaining to the base plan. The investors can opt from 10 different combinations of policy terms and the terms of premium payments.

Protection Plans of Bharti AXA

The protection plans provided under Bharti AXA Life Insurance are comprehensive as they guarantee the protection to the close family of the policyholder in case of the unfortunate events. The protection plans herein provide the monthly income to the family of the policyholder to reduce the financial burden. Currently, Bharti AXA Life Insurance provides four Protection Plans.
 

Plan	Sum Assured	Policy Term
1. Bharti AXA Life Flexi Term	Min-sum assured amount - Rs.10 lakh Max-sum assured amount - subjected to the element of underwriting	The policy is provided for fixed terms of 10, 15, 20, and 25 years
2. Bharti AXA Life Income Protection	Min-sum assured amount - Rs.5 lakh Max-sum assured amount: subjected to the element of underwriting	The policy is provided for fixed terms of 12, 15, and 20 years
3. Bharti AXA Life Secure Confident	Min-sum assured amount - Rs.5 lakh	The policy is provided for fixed terms of 5, 10, 15, 20 and 25 years

Investment Plans of Bharti AXA:

The savings and investment plans from Bharti AXA Life are great avenues for safe and secure investments. The plans provide several benefits like maturity benefits, guaranteed interest payments, and the market-linked plans for higher returns. The following methods can presently be availed from Bharti AXA Life:

• Bharti AXA Life Future Invest Plan
• Bharti AXA Life e-Future Invest
• Bharti AXA Life Grow Wealth Plan

Bharti AXA Life Grow Wealth Plan: The minimum sum assured under this plan varies depending on the premium payment mode opted by the policyholder;
No limit to the maximum assured amount
Tenure: 10 years

Health Plans of Bharti AXA

• Bharti AXA Triple Health Insurance Plan – It is the comprehensive health insurance plan which has been designed to shield the customers from inflating medical costs along with tax benefits.
• Bharti AXA Group Insurance Plans:
  The group plans are meant to protect the group of people under a single umbrella.
• Bharti AXA Life Smart Bima – It is the comprehensive group term insurance plan which provides the flexibility regarding the premium payment frequency while giving the death benefits as well.

Bharti AXA Life Loan Secure

How to Check Status of Bharti AXA Life Insurance Policy:
To check the status of Bharti AXA life insurance policy, one can visit the website of Bharti Axa. The customer will be required to provide the policy related details such as the policy number and the birth date. Once the customer updates the information, the page will immediately display the details and status of the policy.

Online Premium Payment:
For the convenience of its customers in making payments, Bharti AXA provides multiple ways of making the premium payment online. Here are the methods:

• Online banking– Customers can pay their premiums online in three easy steps through net banking, credit card or debit card. The first step is to enter the policy details, and the second is to opt for the payment mode out of the given options and confirming the payment. The final step is to introduce the authentications details, following which the customer will get the payment confirmation.
• InstaPay – The customers can make instant premium payments through their net banking accounts held with any of the leading banks such as HDFC Bank, ICICI Bank, Bank of India, YES Bank, Punjab National Bank, Indian Overseas Bank, Allahabad Bank, J&K Bank, and OBC.
• E-Bill Payment – The customers can quickly receive and pay the premiums electronically through net banking accounts held with the following banks, such as Citibank, ICICI Bank, HDFC Bank, SBI, Corporation Bank and the Karur Vysya Bank.
• Visa Bill Pay – The customers can also make the premium payments through their visa enabled credit or debit cards. All they are required to do is register on the Visa BillPay site for making the premium payments to Bharti AXA Life Insurance.

The calculator of Bharti AXA Life Insurance Premium:
Life insurance is a significant expense which gets added to the future monthly budget. In case you are planning to purchase a Bharti AXA Life Insurance policy, it is easy to determine how much the chosen plan will cost through the help of the online Premium Calculator tool. The tool is comfortable to use and provides accurate results. To calculate the premium amount, one must provide specific details regarding the policy which has been chosen, like the policy term, the age of policyholder and the amount of sum assured opted. According to this information, the tool will calculate the premium amount which the policyholder will be paying for the insurance coverage.

Customer Care of Bharti AXA Life Insurance:
Bharti AXA has been dedicatedly fulfilling their promise for several years with the objective of providing affordable life insurance solutions to the masses. Besides offering some of the affluent life insurance policies, the insurer also offers dedicated customer support to all the policyholders for all policy related matters. To enable the customers to contact the customer support team, the insurer has set up multiple channels such as the dedicated helpline number on which the customers can call, an email ID which directly connects the company with the customer support team, and an SMS service using which they can get policy-related information. Furthermore, the policyholders can also fill up a simple form on the website and receive the callback or locate the branch. Along with this, the customers can generate requests for policy related queries such as the manage the policy, download the premium paid certificate or fund transaction notice, pay policy premiums, file claims, view fund performance,  access the feedback form, and request for the unclaimed claim amount. Customers can also check about the different policies and buy a Bharti AXA policy online as well.

FAQs:
Q. How can I initiate the claim?
A. The customer can initiate a claim by:

• Approaching the nearest branch office.
• Calling or emailing to the company.

Q. What is the procedure for claims?
A.

• Step 1: Register the claim with an online or offline method.
• Step 2: Upload or submit the documents.
• Step 3: Track the claim.
• Step 4: Receive benefits.

Q. How can I track the claim status?
A. Status of Claim can be tracked on the website.

Q. What are the documents required to make a claim?

• Original Policy bond.
• Statement form of the claimant.
• Death certificate attested by the competent authority.
• Photo ID proof of the nominee.
• Address proof of the nominee.
• Bank passbook and canceled cheque of the nominee.
• Copy of the First Information Report (FIR), if the death is due to accident, murder, or suicide (if applicable).
• Copy of the post-mortem report, if death is due to accident, murder, or suicide (if applicable).
• Copy of the medico-legal cause of death certificate, if relevant for the non-accidental death.
• Copy of all the medical reports.

Q. When can the Bharti Axa Life reject the claim?
A. Claims can be rejected when:

• The policyholder represses information at the time of taking the policy.
• The event resulting in death doesn't come under the coverage of the plan.
• Any misrepresentation of facts.
• In case of any fraud.