Bharti AXA Life Insurance

Bharti AXA Life Insurance was formed as a joint venture between the Paris-headquartered Insurance MNC (AXA Group), and the Indian conglomerate Bharti Enterprises. Based on the regulatory framework prescribed for the insurance companies, AXA has a 49% stake, while Bharti holds the majority 51% stake in the joint venture. As one of India's leading life insurance companies, it provides protection, savings, investment, health, and group plans. All these policies ensure that all the needs of an individual are taken care of in the best manner possible.

Highlights:

**Last Updated on 04-12-2020

1. Bharti AXA Protection Plans

i) Bharti AXA Life Flexi Term

Bharti AXA Life Flexi Term Plan is a flexible term insurance plan that provides financial protection against unforeseen events by offering the flexibility to choose from three different payout options.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features

• The plan has three flexible pay-out options:
• Lump Sum option, where the death benefit will be paid as a lump sum.
• Monthly Income option, where the death benefit will be paid monthly for the next 15 years.
• Lump Sum plus Monthly Income option, where 50% will be paid as a lump sum and the remaining 50% will be paid as monthly payout for 15 years.
• The plan also offers an option of Cover Critical illness at the age of 75; under which the following optional covers can be selected:
• Comprehensive cover, which takes care of 34 critical illnesses.
• Major Illnesses cover, which takes care of 15 major illnesses.

ii) Bharti AXA Life Premier Protect Plan

Bharti AXA Life Premier Protect Plan is a non-linked and non-participating life term insurance plan that provides financial security to the family after the unfortunate death of the insured.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features

• The plan offers the option of multiple premium payment terms like single, limited, and regular payment terms.
• Under this plan, the insured can also increase the sum assured up to 50% on 3 important milestones of life such as marriage, the birth of a child, and purchase of a house.
• Like the life Flexi term, this plan also provides the three pay-out options like a lump sum, monthly income, and the combined lump sum and monthly income option. 

iii) Bharti AXA Life Smart Jeevan

Bharti AXA Life Smart Jeevan is a non-linked and non-participating life insurance plan that provides financial protection for 12 years at a nominal premium.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan has a return of premium benefit, where the 100% amount paid as premium will be paid as a lump sum at the end of the policy term of 12 years.
• The premiums of the plan are affordable and the policy can be purchased by giving a declaration of good health.

iv) Bharti AXA Life POS Saral Jeevan Bima Yojana

Bharti AXA Life POS Saral Jeevan Bima Yojana is a non-linked and non-participating term insurance plan that provides financial security to the family in case of the unfortunate death of the policyholder.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The following three death benefits are included in the plan:
• If the death occurs within 90 days of the waiting period, 100% of the premium paid till the date of death is paid.
• If death occurs after the waiting period of 90 days, the sum assured will be paid.
• If the death occurs due to an accident, the death benefit will be twice the sum assured.
• No medical examination is required to avail this policy, and the policyholder gets tax benefits on the premium that (s)he pays.

v) Bharti AXA Life Income Protection

Bharti AXA Life Income Protection is a policy designed to provide continuous income (annual installments) to the insured's family after his/her unfortunate death.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan provides an annual pre-planned income to the family of the deceased policyholder. The benefits can be paid out in equal installments of 15 years or 20 years (as chosen by the insured).
• There are two maturity benefit options available:
• Option A: 100% of the premium will be paid on maturity.
• Option B: Based on the policy term chosen, 110%, 115%, or 120% will be paid on maturity.

vi) Bharti AXA Life Grameen Jeevan Bima Yojana

It is a non-linked non-participating Life Term Micro Insurance Plan that is designed to provide Life Insurance cover in case of death of the policyholder. The plan also offers a return of premium option, where 100% of the premiums paid are returned at the end of the policy term as a lump sum.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan offers the flexibility to opt for two plan options-
• Pure Protection Plan Option, where the policyholder gets a Life Insurance cover throughout the policy term.
• Protection with Return of Premium Option, where the policyholder gets Life Insurance cover throughout the policy term and receives 100% of the premiums paid if (s)he survives till the maturity of the policy.
• No medical examination needs to be conducted to avail of this policy.

2. Bharti AXA Savings Plans

i) Bharti AXA Life Shining Stars

Bharti AXA Life Shining Stars is a non-linked and non-participating limited pay endowment Life Insurance plan, which is designed to take care of the financial needs and requirements of the child.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features

• The plan offers 9 different policy terms and premium payment terms that make the policy flexible as per the needs of the family.
• There are two maturity options available for payout:
• Flexi Payout, where the policyholder is entitled to get a lump sum amount at the end of any of the maturity payout period year.
• Annual Payout, in which the maturity benefit will be paid in five equal annual payouts.
• Apart from maturity benefit, the plan also offers an inbuilt benefit, wherein, in case of the unfortunate death of the policyholder, the death benefit is paid, and the maturity benefit will be paid at the time of the maturity.

ii) Bharti AXA Life Elite Advantage

Bharti AXA Life Elite Advantage is a savings & protection oriented life insurance plan that provides guaranteed payouts at the end of the policy term.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan provides guaranteed payouts of 8.5% to 9.5% of the sum assured. The benefit is paid at the end of the maturity term at regular intervals, based upon the choice of the policyholder.
• Apart from the guaranteed benefit, a 100% lump sum benefit is provided at the end of 20th year from the policy date.

iii) Bharti AXA Life Super Series

Bharti AXA Life Super Series is a life insurance plan designed to provide guaranteed income to fulfil the family's growing financial needs and to provide financial security in case of the unfortunate death of the policyholder.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan provides two options, depending upon the policy period and the premium. These options are designed to provide flexibility to the policyholder.
• At the end of the premium payment term, the policyholder will get a guaranteed cash payout of 50% and in the next year, 12% will be paid, which will increase by 3% in the subsequent years till the maturity of the policy.

iv) Bharti AXA Life Super Endowment Plan

Bharti AXA Life Super Endowment Plan helps to build your wealth in a planned manner to meet your financial goals and future expenses.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features

• The plan offers the flexibility to choose from 10 premium payment terms and policy terms depending upon the financial situation of the policyholder.
• As a survival benefit, 50% of the sum assured at the end of one year before the end of the policy term, and sum assured on maturity (as maturity benefit) is paid at the end of the policy term in case the Life Insured survives till that period and all premiums have been duly paid.

v) Bharti AXA Life Monthly Income Plan+

Bharti AXA Life Monthly Income Plan+ is a traditional participating life insurance plan that provides a guaranteed monthly income and provides financial cover to family members in case of the unfortunate death of the policyholder.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features

• After the completion of the premium payment term, the policyholder has the option to choose the monthly income based on which the premium amount is decided.
• At the end of the first policy year, a bonus gets accrued, which is paid on maturity or death, whichever is earlier. 

vi) Bharti AXA Life Dhan Varsha

Bharti AXA Life Dhan Varsha is a traditional non-linked participating plan that provides cash income in the form of non-guaranteed cash bonuses, and guaranteed survival benefits.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features

• The plan offers a 6% guaranteed survival benefit that starts from the 10th policy year and continues until one year before the maturity period, or death.
• If the policy is in force, the policyholder gets cash bonuses from the end of the 7th policy year till maturity or death.
• The policyholder gets the flexibility to choose from 2 policy terms. 

vii) Bharti AXA Life Samriddhi

Bharti AXA Life Samriddhi is a non-linked participating saving oriented life insurance plan. With this plan, you can build your corpus to meet your aspirations.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features:

• Apart from the payment of 100% lump sum on maturity, if the company declares a bonus, the policyholder gets the advantage of receiving additional income through the bonuses.
• The plan is designed with 8 different premium payment terms to provide flexibility to the policyholder.
• The policyholder also gets a basic life insurance cover that pays 11 times of the annualized premium or sum assured on maturity (whichever is higher) as a payout to the family in case of the unfortunate death of the policyholder.

viii) Bharti AXA Life Monthly Advantage

Bharti AXA Life Monthly Advantage is a limited pay traditional participating life insurance plan that provides guaranteed monthly payout from the end of the premium payment term.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features

• The plan provides an option to receive guaranteed monthly income from the completion of the premium payment term until maturity.
• In case of death of the policyholder or total permanent disability due to an accident, the monthly income will be paid to the nominee from the next month till the end of the policy.

ix) Bharti AXA Life Secure Income Plan

Bharti AXA Life Secure Income Plan is a traditional non-participating limited pay life insurance plan that is designed to provide guaranteed monthly income and accrued additions at the end of the chosen term.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• After the completion of the premium payment term, the policyholder is entitled to receive a tax-free guaranteed monthly income until maturity.
• Every year after the premium payment term, a percentage of the sum assured gets accrued as guaranteed additions that are paid on maturity or death, whichever is earlier.
• The plan also provides a maturity benefit, where the policyholder will get sum assured plus guaranteed additions.

x) Bharti AXA Life Guaranteed Income Plan

Bharti AXA Life Guaranteed Income Plan is a limited pay life insurance plan, which provides a life insurance cover and a yearly income that increases every year.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features:

• At the end of the premium payment term, an annual survival payout is paid, which increases every subsequent year until the year before the policy maturity year.
• Under the Income Tax Act, 1961, you will get tax benefits on premiums paid. 

xi) Bharti AXA Life POS Saral Bachat Yojana

Bharti AXA Life POS Saral Bachat Yojana is a non-linked and non-participating plan that helps you save for future needs and provide financial backup to secure your family’s future in case of your unfortunate death.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features:

• Like a savings plan, the policy provides a comprehensive life cover against unfortunate death and in case of an accident, it provides two times the life cover.
• If all the premiums are duly paid, the sum assured is provided at the maturity of the policy.

xii) Bharti AXA Life Child Advantage

Bharti AXA Life Child Advantage is a traditional participating savings plan that secures the financial needs of your child with its flexible benefit payout options.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features:

• Based on your financial needs, there are two payout options:
• Money-Back option, where guaranteed payouts will be paid in the last five years before maturity.
• Endowment option, where a guaranteed lump sum will be paid on maturity.
• In case of the unfortunate death of the parent, all the future premiums are waived off.

xiii) Bharti AXA Life Aajeevan Sampatti+

Bharti AXA Life Aajeevan Sampatti+ is a non-linked participating individual life insurance savings plan that provides guaranteed payouts every year with a life cover up to the age of 100 years.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features

• As the name suggests, the plan offers life cover up to the age of 100, with the choice of three premium payment terms.
• 5.5% to 6% of the sum assured is paid as guaranteed payouts from the 10th policy year, and cash bonuses are paid from the 6th policy year along with the maturity benefit at the end of the policy term.

xiv) Bharti AXA Life Flexi Save

Bharti AXA Life Flexi Save is a limited pay traditional participating life insurance plan that offers the flexibility to withdraw funds when the need arises.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features:

• The plan provides flexibility to select between 3 premium paying terms. 
• The policyholder also enjoys bonuses that get accrued from the first policy year up to maturity.

xv) Bharti AXA Life Serv Suraksha

Bharti AXA Life Serv Suraksha is a non-participating policy that provides a life insurance cover on single premium payment.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• As a hassle-free policy, it is designed to provide the maturity benefit of 110% of the single premium.
• One can enjoy the benefits of the policy for 5 years post-issuance.

3. Bharti AXA Health Plan

i) Bharti AXA Life Triple Health Insurance Plan

Bharti AXA Life Triple Health Insurance Plan provides financial cover up to 13 critical illnesses, that are divided into 3 groups- Group A, Group B and Group C.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• 100% of the sum assured is paid in the first claim, and if the other 2 claims are not from the same group, then the policyholder will receive a 100% payout for the next two claims.
• After the first claim is processed, all future premiums are waived off till the policy is in force.

4. Bharti AXA Group Plans

i) Bharti AXA Life Group Term Insurance Plan

Bharti AXA Life Group Term Insurance Plan is a comprehensive plan that provides the flexibility of two payout options to ensure that all members of the group are adequately covered.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• There are 2 options to choose the payout:
• Lump sum, where the entire amount is paid as a lump sum on maturity.
• Lump sum plus monthly income, where 50% of sum assured is paid as a lump sum and the remaining is paid as monthly income for the next 6 months.
• The plan is provided at a meager cost, and the members of the group have the flexibility to choose from various premium payment terms.

ii) Bharti AXA Life Group Loan Protect

Bharti AXA Life Group Loan Protect is a credit protection policy that is designed to take care of all the outstanding liabilities in case of the death of the policyholder.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan offers multiple premium payment terms that the policyholder can adjust and select as per his/her loan amount and financial needs.
• The plan also provides a joint cover for an additional person.

iii) Bharti AXA Life Group Suraksha

Bharti AXA Life Group Suraksha is a renewable group term insurance plan designed for institutions, co-operatives, and NGOs operating in rural and social sectors.

Eligibility Criteria

**Last Updated on 04-12-2020

Features:

• No medical underwriting is required while buying the policy, and the premium paying options are flexible and affordable.
• The policyholder (the group) is responsible to collect all premiums and forward to the company. The sum assured is paid to the nominee in case of the unfortunate death of the member.

iv) Bharti AXA Life Jan Suraksha

Bharti AXA Life Jan Suraksha is designed for the economically weaker sections of the society, which include micro-financial institutions, NGOs, and other smaller groups.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features

• Apart from the group member, the spouse is also covered within the same policy.
• The policy only requires you to pay a single premium to avail its benefits.

v) Bharti AXA Life Loan Secure

Bharti AXA Life Loan Secure is a traditional non-participating group single premium term insurance plan that provides loan cover to the family in the unfortunate death of the policyholder.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The policyholder gets the flexibility to choose from multiple coverage options that allow him to customize the policy as per his/her loan amount.
• Two additional lives can be insured along with the policyholder.

vi) Bharti AXA Life Pradhan Mantri Jeevan Jyoti Bima Yojana

Bharti AXA Life Pradhan Mantri Jeevan Jyoti Bima Yojana is a non-linked and non-participating one-year renewable group term insurance product.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• This plan is a social security scheme that is designed to meet the insurance coverage requirements of the PMJJBY scheme.
• The plan offers coverage of 2 Lacs at a minimal premium of Rs. 330 per year, thus allowing the weaker section of the society to avail it without having to undergo any medical examination.

vii) Bharti AXA Life Smart Bima

Bharti AXA Life Smart Bima is a comprehensive group term insurance plan that provides a death benefit with the flexibility of multiple premium payment options.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan offers adequate life insurance coverage at a low premium that can be paid monthly or annually, as per the family's financial needs.
• The family only needs to provide a declaration of good health, and no medical examination is necessary.

viii) Bharti AXA Life Unit Linked Employee Benefits Plan

Bharti AXA Life Unit Linked Employee Benefits Plan is a unit-linked group insurance plan that allows companies to prepare a proper plan to offer employee benefits like leave encashment, gratuity, etc.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan offers the flexibility to invest in four investment fund options as per the financial needs of the employer:
• Group equity fund
• Group balance fund
• Group debt fund
• Group liquid fund
• The policyholder can also create separate funds for leave encashment and gratuity, and loyalty additions will be added each policy year.

ix) Bharti AXA Life Group Term Micro Insurance Plan

It is a comprehensive group micro term insurance plan, which ensures that all the members can stay peacefully without worrying about uncertain eventualities. The plan provides the flexibility of two death benefit payout options to provide sufficient financial support.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan offers insurance cover at a low cost to a large group.
• The policyholder can choose the Death Benefit Payout option as Lump Sum or Lump Sum plus Monthly Income.

x) Bharti AXA Life Group Accidental Death Benefit Rider

Bharti AXA Life Group Accidental Death Benefit Rider offers better protection to the family in case of loss of life insured’s death due to an accident.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan comes with low and affordable premiums plus additional coverage.
• The co-borrower can also be covered by the benefits of this rider by paying a premium in addition to the borrower’s premium.

5. Bharti AXA Investment Plans

i) Bharti AXA Life eFuture Invest

Bharti AXA Life eFuture Invest is a unit-linked online investment plan that is designed to provide a life cover along with a tax-saving investment.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• The plan offers the flexibility of withdrawing funds after the first 5 policy years.
• As an online plan, there are zero commission charges. So, 100% of the premium paid is allocated to the fund, thus increasing the returns of the policyholder.

ii) Bharti AXA Life Grow Wealth

Bharti AXA Life Grow Wealth is a savings-oriented unit-linked insurance plan that allows the policyholder to invest in multiple funds options and get an insurance cover for his/her family.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

• Based on the risk-return potential, the plan offers the flexibility to choose from 7 different fund options with zero allocation charges.
• From the 6th policy year, the policyholder is eligible for the loyalty benefits under which a percentage of Fund Value is added at the end of every policy year, which is paid on maturity that makes it an excellent wealth insurance option.

iii) Bharti AXA Life Future Invest Plan

Bharti AXA Life Future Invest Plan is a unit-linked limited pay life insurance product that allows the policyholder to invest for a limited term and generate wealth in the remaining policy term.

Eligibility Criteria:

**Last Updated on 04-12-2020

Features:

1. The plan also offers the flexibility of partial withdrawals after the completion of 5 policy years.
2. There are zero premium allocation charges.

iv) Bharti AXA Life Wealth Pro

Bharti AXA Life Wealth Pro offers you a comprehensive financial solution that gives you a life cover up to 10 times of your premium and helps build wealth over the long term to ensure that you and your family fulfil all your aspirations.

Eligibility Criteria:

**Last Updated on 04-12-2020

The values may change as per the chosen plan option

Features:

• The plan offers you two variants to choose from:

1. a) Growth Variant: In this variant, there are three policy term options (10, 15 and 20 years) with multiple premium payment term options.
2. b) Legacy Variant: This variant helps you to provide a legacy fund to your loved ones, and offer a life insurance coverage of 10 times the annualized premium throughout the policy term (99 years).

• The plan allows the policyholder to grow his/her wealth further Wealth booster.

Why Should You Buy a Bharti AXA Life Insurance Policy?

Bharti AXA Life Insurance Company is a customer-centric organization that has designed plans for all the sections of society. Its affordable premiums, flexible payment options, and multiple sum assured options make it a desired company to avail life insurance. It has carried over the values of its parent companies (Bharti and AXA) and the culture is evident from the services that it provides.

Why is PolicyX.com The Best Platform To Buy Bharti AXA Life Insurance Plans?

PolicyX.com is an IRDA approved insurance portal that helps consumers to search, compare, and buy the right kind of plan to suit their financial needs. The following reasons make PolicyX.com the best platform:

• Expertise: At PolicyX.com, we have the necessary acumen in the insurance domain to help you provide the best quotes for your insurance needs. We are continuously building our expertise by partnering with insurance experts to provide insightful and compelling content. Highly engaging data is provided through videos, charts, infographics, and dynamic cash flow charts to let you understand the intricacies of the insurance market.
• Accuracy: Over the years, accuracy has helped us build credibility in the market. Our content is accurate, clear, and simple, and it caters to all the sections of the society. The quotes that we provide are a result of complex algorithms that help you not only choose a plan but customize it according to your needs.
• Security: Privacy and security are the foremost concerns of PolicyX.com. The data entered on our platform is treated with utmost care and confidentiality, and we leave no stone unturned to ensure that the platform remains trustworthy for all those who use it. 

How To File a Claim For Policies Offered By Bharti AXA Life Insurance?

There are four stages of claim processing for death, rider, hospitalization, and group death claims. Here they are:

1. Claim Intimation: A claim needs to be raised with the company by using any of the following platforms- online claims submission, toll-free number, email, or by visiting a branch.
2. Claim Processing: Once the claim is formally registered, a claim specialist will assess the claim and will contact you for documentation.
3. Document Submission: You need to submit the documents online or by visiting the nearest branch. 
4. Claims Decisions: Based on the documents submitted, a decision will be taken and will be conveyed to you.