Bharti Axa Life Insurance Renewal

Bharti AXA Life Insurance renewal refers to the process of extending or continuing your existing life insurance policy with Bharti AXA for an additional term after the expiration of the current policy term. When you purchase a life insurance policy with Bharti AXA, it comes with a specific term or duration, usually ranging from 5 to 30 years. Once the policy term is over, you need to renew the policy to continue enjoying the benefits of the policy.

For Bharti AXA Insurance renewal, you can use their online portal to renew your policy. You can also renew your policy by visiting the nearest Bharti AXA Life Insurance branch. It’s essential to renew your life insurance policy on time to ensure that your coverage remains active and that you don’t have to go through the process of purchasing a new policy altogether.

Importance and Benefits of Bharti AXA Life Insurance Renewal

Renewing your Bharti AXA Life Insurance policy is an important step to ensure that your coverage continues uninterrupted. Here are some of the benefits and reasons why it’s essential to renew your policy:

• Continuous coverage: One of the most significant benefits of renewing your Bharti AXA Life Insurance policy is that it ensures that your coverage remains active. If you fail to renew your policy before the expiry date, your coverage will lapse, and you may have to go through the application process again to obtain new coverage.
• Protection against unforeseen events: Life is unpredictable, and you never know what could happen in the future. Renewing your Bharti AXA Life Insurance policy provides you with the peace of mind that you and your loved ones are protected against unforeseen events such as illness, accidents, or death.
• No need for medical checkups: When you renew your Bharti AXA Life Insurance policy, you do not need to go through medical checkups again. As long as you renew your policy before the expiry date, your coverage continues without any additional requirements.
• Cost-effective: Renewing your Bharti AXA Life Insurance policy is generally more cost-effective than purchasing a new policy. Renewal premiums are typically lower than premiums for new policies, as the insurance company already has your information on file and doesn’t need to go through the underwriting process again.
• Tax benefits: Renewing your Bharti AXA Life Insurance policy also provides you with tax benefits. Section 80C of the Income Tax Act of 1961 permits tax deductions for premiums paid for life insurance contracts.

Steps Involved In Bharti AXA Life Renewal Premium Payment

Bharti AXA Life Insurance offers its customers a variety of options to pay their renewal premiums. Here are the steps involved in Bharti AXA renewal payment via both online and offline:

Online Mode:

Step 1: Visit the official website of Bharti AXA Life Insurance, and navigate to the ’Renewal Premium Payment’ section.

Step 2: Enter your policy number and date of birth to log in to your account.

Step 3: Once logged in, you can view your policy details, including the renewal premium amount.

Step 4: Choose the payment mode that you prefer, such as net banking, credit card, or debit card.

Step 5: Follow the on-screen instructions to complete the payment process.

Step 6: Once the payment is successful, you will receive an acknowledgment receipt and confirmation of your renewal premium payment.

Offline Mode:

Step 1: Visit the nearest Bharti AXA Life Insurance branch.

Step 2: Submit your policy documents and renewal premium payment to the branch executive.

Step 3: The executive will verify your details and process your payment.

Step 4: Once the payment is successful, you will receive an acknowledgment receipt and confirmation of your renewal premium payment.

In a nutshell

Renewing your Bharti AXA Life Insurance policy is a simple process, and you can choose from a variety of online and offline modes to pay your renewal premium. It’s essential to renew your policy on time to ensure that your coverage remains active and that you continue to enjoy the benefits of your coverage that were discussed in this article.