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Bharti Axa Life vs Lic Pension Plans

COMPANY DETAILS

Bharti Axa Life

Lic Pension Plans

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans -
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) 2908.30 crore	Annual Premiums Collected (2024-25) Rs 1 lakh to No limit
Payout Options	Payout Options Lump sum, regular frequencies, or a combination of both.	Payout Options -
Claim ratio	Claim ratio 99.18%%	Claim ratio Minimum Age- 30 year%
Solvency Ratio	Solvency Ratio 1.6%	Solvency Ratio 85 years
Branches	Branches 200	Branches Annual, half-yearly,
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental Disability Rider, Accelerated Death Benefit, Critical Illness Benefit, Waiver of Premium Benefit, Income Benefit	Riders Available 10 to 30 years
Policy Term	Policy Term 5 to 50 years	Policy Term 10 to 40 years
Recommended Videos	3 Best LIC Pension Plans

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. Founded in 2006, it offers a wide range of insurance products to its customers. Based on the regulatory framework prescribed for the insurance companies, AXA holds 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 has a distribution across 123 cities in India with 263 offices and has issued over 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, providing customers with an array of choices ranging from traditional to investment plans, or protection for their children through a child plan.

Bharti AXA Life Insurance brings together strong values, functioning on customer-centricity. 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 Available with Bharti AXA Life Insurance Plans

Name of the Riders	Benefits
Accidental Death Benefit Rider	Provides an additional payout over the base cover in case of accidental death.
Accidental Total & Permanent Disability Rider	Offers additional coverage over the base plan for total and permanent disability due to accidents.
Premium Waiver Rider	Waives future premiums in case of critical illness, permanent disability, or death.
Hospi Cash Benefit Rider	Provides a fixed daily benefit for hospitalization and a lump sum for surgery.

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