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Bharti Axa Life vs Edelweiss Tokio Life

Bharti Axa Life

Bharti AXA Life Insurance Ltd. is a joint venture between the Paris-headquartered Insurance MNC, AXA Group, and the Indian conglomerate Bharti Enterprises.

Edelweiss Tokio Life

Edelweiss Life is a subsidiary of Edelweiss Group incorporated in the year 2011. It is an association between Edelweiss financial service limited and Life Marine Holdings Inc.

COMPANY DETAILS

Bharti Axa Life

Edelweiss Tokio Life

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans -
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 2920.58 crores	Annual Premiums Collected (2023-24) 1690.47 crores
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options Lump sum, regular frequencies or a combination of both
Claim ratio	Claim ratio 99.1%	Claim ratio 99.02%
Solvency Ratio	Solvency Ratio 1.6	Solvency Ratio 2.1
Branches	Branches 99.1	Branches 109+
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental Total & Permanent Disability Rider, Premium Waiver Rider, Hospi Cash Benefit Rider	Riders Available Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider
Policy Term	Policy Term 5 to 75 years	Policy Term 10 to 62 years

Know More About Companies

Overview

Bharti AXA Life Insurance: Overview

Bharti AXA Life Insurance Ltd. is a joint venture between the Paris-headquartered Insurance MNC (AXA Group), and the Indian conglomerate Bharti Enterprises. It was founded in 2006 and offers a wide range of insurance products to its customers. 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. Providing protection, savings, investment, health, and group plans, Bharti AXA Life Insurance company has a distribution across 123 cities in India with 263 offices and has issued 17,70,000+ policies. Bharti Enterprises has a diversified portfolio of operations based out of Europe, North America, and the Asia Pacific area Bharti AXA offers multiple plans, customers have an array of plans laid out and can choose insurance products ranging from traditional to investment plans or ensure protection for their children through a child plan. Bharti AXA Life Insurance brings together strong values wherein they function on being customer-centric. Their commitment to solving insurance problems is reflected in their impressive claim settlement percentage.

Bharti AXA Life Insurance ensures to look after your insurance needs by offering:

Reliable and hassle-free claim settlement
24*7 customer service
A wide variety of options

Longer coverage

Riders

Riders You Can Avail With Bharti AXA Life Insurance Plans

Name of the Riders	Benefits
Accidental Death Benefit Rider	Get an extra payout on top of the base cover in case of unfortunate death due to an accident.
Accidental Total & Permanent Disability Rider	Get an extra cover on top of the base cover against total and permanent disability caused by accidents.
Premium Waiver Rider	It waives off your future premiums in case you're faced with an unfortunate event like critical illness, permanent disability, or death.
Hospi Cash Benefit Rider	Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.

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