Bharti AXA Life is a confidential area general and Extra security supplier based out of Mumbai, Maharashtra. It is a joint endeavour between the Indian combination Bharti Undertakings, and AXA – one of the biggest worldwide monetary and abundance administrations organizations.
Bharti AXA Life coverage strategies are accessible across a wide range. Clients can pick items going from conventional to growth strategies or guarantee insurance for their kids through a kid intend to give some examples choices. Here is a short outline of the accessible Bharti AXA disaster protection items.
“Bharti Axa Disaster protection is a blend of the Bharti Gathering (established in 1976) and the French worldwide protection firm, Axa. It offers an extensive variety of disaster protection designs that take special care of various prerequisites.”
Key Features of Bharti AXA Life coverage:
Coming up next are the vital features of Bharti AXA Life coverage plans:
- Lower protection cover
- Different scope of plans for your necessities
- Remarkable plans that can be purchased on the web
- Responsive client care reachable through different methods of contact
- Simple administration, installment, and settlement of cases
Types of Life Insurance Plans Offered by Bharti AXA:
Bharti Axa offers a plenty range of health insurance plans that are as follows:
- Term insurance plans
- Savings plans
- Investment plan
Bharti AXA Life Insurance Plans for Individuals
These are the Bharti Axa Life Insurance plans for individuals:
| Bharti AXA Life Plans | Type | Sum Insured (Rs.) | Policy Term (Years) | Age limit |
| Bharti AXA Life Flexi Term Pro | Premium life insurance | Up to Rs.1 lakh | Up to 10 years | Minimum: 18 YearsMaximum: 60 years |
| Bharti AXA Life Guaranteed Wealth Pro | Individual savings life insurance plan | Minimum: based on minimum premiumMaximum: No limit |
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| Bharti AXA Life Shining Stars | Endowment plan | Minimum: Rs.50,000Maximum: No limit | 12 years to 20 years | Minimum: 18 yearsMaximum: 60 years |
| Bharti AXA Life Super Series | Savings plan | Depends on minimum premium | Super 6: 12 yearsSuper 7: 20 yearsSuper 10: 20 years |
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| Bharti AXA Life Wealth Pro | Insurance cum savings plan | MinimumSingle pay: Rs.31,250Regular pay: Rs.12,000Maximum: No limit | Minimum: 10 years to 30 yearsMaximum: 99 minus entry age | Growth variant: Minimum: 91 days to 8 yearsMaximum: 45 years to 65 yearsLegacy variant:Minimum: 91 daysMaximum: 44 years to 53 years |
Bharti AXA Savings Plans for Individuals
Bharti Axa has the following savings plans for individuals:
| Bharti AXA Life Plans | Type | Minimum Sum Insured (Rs.) | Policy Term (Years) | Minimum Age |
| Shining Stars | Endowment | Rs. 50,000 | 12 years to 20 years | Minimum: 18 years
Maximum: 60 years |
| Elite Advantage | Savings | Depends on minimum premium | Maximum: 63 years10 years or 12 years | Minimum: 8 years for 10 years policy term; 6 years for 12 years policy term
Maximum: 65 years |
| Super Series | Savings | Depends on minimum premium | Super 6: 12 years
Super 7: 20 years Super 10: 20 years |
Super 6
Minimum: 6 years Maximum: 63 years Super 7 Minimum: 0 years Maximum: 60 years Super 10 Minimum: 0 years Maximum: 60 years |
| Super Endowment Plan | Savings | Rs.50,000 | 16 years to 20 years | Minimum: 91 days to 2 years
Maximum: 60 years |
| Monthly Income Plan + | Savings | Depends on policy term | 15 years, 20 years, or 30 years | Minimum: 0 to 3 years
Maximum: 50 years (30 years), 60 years (20 years), and 65 years (15 years) |
| Dhan Varsha | Participating plan | Rs.25,000 | 20 years and 25 years | Minimum: 91 days
Maximum: 55 years for 20 years policy term; 50 years for 25 years |
| Samriddhi | Endowment | Depends on minimum premium | 10 years, 15 years, 20 years, 30 years, and 35 years | Minimum: 0, 3 years, and 8 years
Maximum: 45 years, 50 years, and 55 years |
| Monthly Advantage | Income plan | Rs.50,000 | 12 years, 16 years, and 24 years | Minimum: 91 days, 2 years, and 6 years
Maximum: 60 years and 65 years |
| Secure Income Plan | Savings | Depends on policy term | to15 years, 17 years, and 20 years | Minimum: 0, 1 year, and 3 years
Maximum: 65 years, 63 years, and 60 years |
| Guaranteed Income Plan | Savings | Rs.25,000 | 6 years to 20years, depending upon plan option | Minimum: 91 days to 12 years
Maximum: 45 years to 55 years (Depending upon plan option) |
| Saral Bachat Yojana | Savings | Depends on policy term | 10 years and 15 years | Minimum: 3 years and 8 years
Maximum: 55 years and 50 years |
| Child Advantage | Savings | Rs.25,000 | 11 years to 21 years | Minimum: 18 years
Maximum: 50 years |
| Flexi Save | Savings | Depends on minimum premium | 20 years, 25 years, and 30 years | Minimum: 8 years, 3 years, and 0 year
Maximum: 65 years, 60 years, and 55 years |
| Life Unnati Plan | Savings | Depends on premium | 15 years to up to 100 years | Minimum: 91 days to 3 years
Maximum: 45 years to 60 years |
| Smart Invest Guaranteed Plan | Savings | Based on minimum premium | 5 years to 10 years | Minimum: 90 days to 13 years
Maximum: 50 years and 60 years |
| Guaranteed Wealth Pro | Savings | Based on minimum premium | 5 years to 100 years | Minimum: 91 days to 45 years
Maximum: 53 years and 60 years (Depending upon plan option) |
Bharti AXA Investment Plans for Individuals
Bharti Axa has the following investment plans for individuals:
| Bharti AXA Life Plans | Sum Assured (Rs.) | Policy Term (Years) | Minimum Age Limit |
| Wealth Pro | Limited or Regular pay: Rs.12,000
Single pay: Rs.31,250 |
10 years, 15 years, 20 years, 25 years, and 30 years | Minimum: 91 days, 3 years, and 8 years
Maximum: 60 years, 55 years, 50 years, 45 years, and 40 years |
| Grow Wealth | 10 times of annualized premium | 5 years, 10 years, 15 years, and 20 years | Minimum: 91 days, 3 years, 8 years, and 13 years
Maximum: 50 years, 55 years, 60 years, 64 years, and 70 years |
| Future Invest Plan | Depends on premium | 10 years | Minimum: 18 years
Maximum: 60 years |
Bharti AXA Health care coverage Plans for People
As of now, there is just a single medical coverage plan for people that is presented by Bharti Axa. This is the Triple Health care coverage plan. Subtleties are as given underneath:
- Least time of passage: 18 years
- Most extreme period of passage: 65 years
- Least total guaranteed: Rs.2 lakh
- Strategy term: 15 years
Bharti AXA Group Plans
Bharti Axa offers three kinds of gathering plans which are:
- Group tip
- Group credit life
- Group term life
These gathering plans are as given underneath:
- Term Miniature Protection Plan
- Term Protection Plan
- Coincidental Demise Advantage Rider
- Advance Safeguard
- Advance Secure
- Suraksha
- Jan Suraksha
- Pradhan Mantri Jeevan Jyoti Bima Yojana
- Brilliant Bima
- Worker Advantages Plan
Bharti AXA Yoddha
Bharti Axa Yoddha is a protection plan explicitly intended for military faculty that gives inclusion to endlessly war like dangers. Under this umbrella, there are three plans advertised:
- Super Enrichment Plan: To create financial stability in an orderly way
- Sparkling Stars: To deal with your kid’s monetary necessities
- First class Benefit: An investment funds plan that likewise offers extra security inclusion
Bharti AXA Life Riders
Bharti Axa Term Life Rider:
| Minimum entry age | 18 years |
| Maximum entry age | 60 years |
| Maximum maturity age | 70 years |
| Term of the rider |
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| Frequency of premium payment | Frequency of PP is Annual, Semi- Annual, Quarterly & Monthly |
| Death Benefit | Rider sum assured amount |
Bharti AXA Life Premium Waiver Rider:
| Minimum entry age | 18 years |
| Maximum entry age | 65 years |
| Maximum maturity age | 70 years |
Bharti AXA Life Hospi Cash Benefit Rider
| Minimum entry age | 91 days |
| Maximum entry age | 65 years |
| Maximum maturity age | 85 years |
| Policy term | The policy is offered for fixed terms of 5, 7, 10, 15 & 20 years |
| Maturity Benefit | Not payable |
| Death benefit | Not payable |
| No Claim Bonus | Not available |
Bharti AXA Life Accidental Death Benefit Rider:
| Minimum entry age | 18 years |
| Maximum entry age | 65 years |
| Minimum amount of premiums | With respect to offline products – Rs.40 With respect to online products – Rs.25 |
| Term for premium payment | Equal to the rider term |
Bharti AXA Life Insurance Claim Settlement Ratio:
| Year | 2021-2022 | 2016-2017 | 2015-2016 | 2014-2015 | 2013-2014 |
| Claim Ratio | 99.09% | 92.37% | 80.02% | 80.90% | 88.13% |
Online Charge Installment for Bharti AXA Extra security Plans:
For the accommodation of their clients and permit them to make premium installments on time, Bharti AXA offers different approaches to making premium installment on the web. These are:
- On the web – Clients can pay their charges online in 3 simple tasks through net banking, Visas or check cards. Initial step is to enter strategy subtleties, second is to pick the installment mode (net banking, credit or check card) and affirming the installment. The last step is to enter your validations subtleties, following which you will get your installment affirmation.
- InstaPay – Clients can make moment premium installments through their net financial records held with any of the many driving banks like HDFC Bank, ICICI Bank, YES Bank, Punjab Public Bank, Bank of India, Indian Abroad Bank, Allahabad Bank, J&K; Bank and Oriental Bank of Trade.
- E-Bill Installment – Clients can undoubtedly get and pay their charges electronically by means of net financial records held with the accompanying banks, which incorporate Citibank, ICICI Bank, HDFC Bank, SBI, Organization Bank and Karur Vysya Bank.
- Visa Bill Pay – Clients can likewise make simple premium installments by means of their Visa empowered credit or charge cards. They should simply enlist on the Visa BillPay site for making premium installments to Bharti AXA.
Bharti AXA Life coverage Premium Adding machine:
You can undoubtedly figure out how much charge you should pay for your Bharti Axa disaster protection strategy by utilizing the free internet based premium number cruncher device. This gives precise outcomes immediately and saves you the problem of doing the computations all alone. All you need to do to get data about your top notch sum is to enter the expected subtleties in the mini-computer, for example, your age, aggregate guaranteed sum, strategy term, and so on. The outcomes will be determined in light of this information.
Bharti AXA Life coverage Client Care:
You can contact Bharti Axa Disaster protection through any of the accompanying ways:
- Phone: You can contact the helpline number at 1800-102-4444 (Monday – Saturday; 9 am to 7 pm)
- Email: You can send an email to service@bharti-axalife.com
- SMS: Communicate something specific with the code ”Administration” to 56677
- Site: You can likewise enlist your contact subtleties on the ”Get in touch with Us” page on the authority site
- Branch: You can stroll into the closest branch and get your interests tended toMarket Share of Bharti AXA Life Insurance Company
The market share of Bharti Axa Life Insurance company is as given below:
| Year | 2008-2009 | 2009-2010 | 2010-2011 | 2011-2012 | 2012-2013 | 2013-2014 | 2014-2015 | 2015-2016 |
| Market Share | 0.3 | 0.4 | 0.3 | 0.2 | 0.2 | 0.3 | 0.4 | 0.4 |
Documents Required to Make a Bharti Axa Life Insurance Claim
- Original Policy bond.
- Statement form of the claimant.
- Death certificate attested by a competent authority.
- Photo ID proof of the nominee.
- Address proof of the nominee.
- Nominee’s bank passbook and cancelled cheque.
- Copy of First Information Report (FIR), if applicable if death is due to accident, murder, or suicide.
- Copy of post mortem report, if applicable if death is due to accident, murder, or suicide.
- Copy of medico legal cause of death certificate, if applicable for non-accidental death.
- Copy of all medical records.
- Bharti AXA Life is a private sector life and general insurance provider based out of Mumbai, Maharashtra. It is a joint venture between the Indian conglomerate Bharti Enterprises, and AXA – one of the largest multinational financial and wealth services companies.
- Bharti AXA Life insurance policies are available across a wide spectrum. Customers can choose products ranging from traditional to investment plans or ensure protection for their children through a child plan to name a few options. Here’s a brief overview of the available Bharti AXA life insurance products.
- GST of 18% is applicable on life insurance effective from the 1st of July, 2017