Bharti AXA General Insurance Company is a well-known general insurance provider in India. Bharti Enterprises, a leading Indian business group and AXA, a world leader in financial protection joined hands to establish Bharti AXA General Insurance Company. It is a strong collaboration where Bharti owns a 51% stake and AXA holds a 49% stake. The company was founded in August 2008 and has around 135 branches all over the country. Bharti AXA General Insurance is the first company that carries dual certifications of ISO 27001:2005 & ISO 9001:2008 within the first year of operations in 2009.
Bharti AXA General Insurance company offers multiple insurance plans and car insurance is the star of it. The company offers three types of motor insurance in India- third party insurance that takes care of third party liabilities, standalone damage cover and comprehensive cover, which offers third-party as well as Own Damage (OD) cover.
Third-party liability cover | Up to 7.5 lacs |
Network garages | 5200+ |
Incurred claim ratio | 75% |
Table Data updated on 05-11-2020
Timely renewal of your Bharti AXA Car Insurance is important and mandatory to drive legally on the roads of India. You can renew your car insurance through the official website of Bharti AXA or a trusted web-aggregator (PolicyX.com). The details of the same are mentioned below.
Renew Via PolicyX.com
Renew Via Bharti AXA
Instant Policy: The company allows you to renew your car insurance within a few minutes.
Cashless Services: With the help of 5200+ cashless garages, the company allows you to avail cashless claim service under which you don't have to pay a single penny to get your repairs done.
24*7 Assistance: The company offers 24*7 assistance. So, in case of any emergency, the team will always be there to assist you.
No-claim Bonus: The company offers a no-claim bonus for every claim-free year. It is a discount that is offered to the policyholder for applying zero claims over the previous years. The discount can range between 20 % to 50%.
The premium is the amount that you have to pay to keep your policy active. It usually varies from insurer to insurer & model to model. To calculate car insurance premium, you can use the below-stated formula.
Premium= Own Damage Premium – (No claim bonus + discounts) + Liability Premium as Fixed by the IRDA + Cost of Add-ons.
The premium is calculated with the help of several factors. Some of them are mentioned below-
The Manufacture Year Of The Vehicle: This determines the age of the car. Older vehicles have low insurance rates in contrast to automobiles which might be new.
Vicinity Of Registration Of The Vehicle: Your residential place and the vicinity in which you got your vehicle registered also has an impact on car insurance premium.
Model Of The Vehicle: The cost of a new model will be high as compared to the old one.
Use Of The Vehicle: The company has set guidelines for commercial vehicles. If a vehicle is used for commercial purposes, it will attract higher premium rates.
Safety Devices: Today, most of the vehicles are geared up with safety and anti-theft devices. With the same, you're eligible to get a discount on the premium of up to 2.5%. Also, the devices must be approved by the Automobile Research Association Of India.
Let's take the help of the above factors and display a practical example.
Car Model | Prices | IDV | Zero Dep Cover | Estimated Premium |
Audi A 6- 2.0 TFSI Premium (1984cc) | Rs. 63,41,000 | Rs.40,70,655 | Rs.18,318 | Rs. 1,60,390 |
Hyundai Grand i10- ERA 1.2 Kappa dual VTVT 5 Speed Petrol (1197cc) | Rs.6,38,000 | Rs.6,45,557 | Available | Rs.12,921 |
Honda city-1.3DX (1343cc) | Rs.9,91,000 | Rs.5,28,759 | Rs.2,068 | Rs.14,741 |
TATA Hexa-XE 4x2 STR (2179) | Rs.21,30,000 | Rs.7,28,992 | Rs.2,508 | Rs.33,082 |
Table Data updated on 05-11-2020
*The values are calculated on the basis of the city (Delhi) and year of registration (2020).
Personal Accident Cover
This will offer financial compensation to the policyholder/nominee in case of bodily injuries (in an accident) that leads to partial/total disability or death of the policyholder.
Roadside Assistance
If you opt for this, you will get the necessary roadside assistance in case your vehicle is a victim of tire puncher, battery problems, etc.
Key Replacement Cover
If you lose your car key, this feature will cover the expenses of the new lock/replacement charges.
Zero Depreciation Cover
Under Zero Depreciation Cover, the insurance company will offer the original cost of the vehicle's part instead of the depreciated value.
Invoice Cover
If your vehicle is damaged beyond repair (in an accident) or stolen, this add-on will compensate for the same. It will pay the purchase value of your car.
Loss Of Belongings
If an expensive/precious item is stolen from your vehicle, this add-on will compensate you for it (partly/fully).
Daily Cash Allowance
If your car is stuck in a garage for more than 3 days, you will get a daily allowance to cover your transportation expenses.
Consumables Cover
By opting consumable cover with comprehensive car insurance, you can get coverage against consumables (nuts, bolts, oil filter, etc.) which are not covered under the basic plan.
Co-passenger:
By adding this cover, you can protect yourself and the co-passenger financially from unfortunate accidents.
Engine & Gearbox Cover
In case of a vehicle breakdown because of internal parts of the engine and gearbox, this add-on cover will pay for the expenses.
Ambulance Charges
If you need an ambulance to take you to the hospital, this add-on will cover its expenses.
Hospital Cash
If you are admitted to the hospital because of an accident, you will receive Rs.1000 daily up to 30 days of hospitalization.
Invoice Price Cover
It covers the gap between the car's insured declared value and its purchase price.
Medical Expenses
It covers medical expenses up to Rs.10,000 in the case where the driver and the co-passengers are injured in an accident.
Bharti AXA ensures that you get the required assistance on time. It offers a simple process to file the claim. Let's understand the process in detail:-
Cashless Claim Procedure
Visit the official website of the Bharti AXA General Insurance Company
The company will directly make the payment to the network garage on completion of the repairs.
The Customer service manager (CSM) will inform you about the balance amount that needs to be paid (if any).
Reimbursement Claim
To file for a reimbursement claim, you have to get the repairs done from a non-network garage and keep the receipts ready with you. Once that is done, you can follow the below-mentioned steps.
Log onto the official website of the Bharti AXA General Insurance Company
Bharti AXA General Insurance Company
Toll Free: 1800-209-0144 | 1800-209-5858
Email Id: customer[dot]service[at]bhartiaxa[dot]com
Registered Address: Unit No. 1904, 19th Floor, Parinee Crescenzo, 'G' Block, Bandra Kurla Complex, BKC Road, Near MCA Club, Bandra East, Mumbai -400051.
PolicyX.com Insurance Web Aggregator
Contact Number: 1800-103-2292
Email Id:helpdesk@policyx.com
Registered Address: PolicyX.Com Insurance Web Aggregator Private Limited
1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.
1. Is there any refund on the Bharti AXA Car Insurance policy?
The premium can be refunded in case of cancellation of the plan during the free-look period.
2. What is not covered under Bharti AXA Car Insurance policy?
The Bharti AXA motor insurance will not be liable to offer coverage against breakdown that takes place because of mechanical or electrical problems, wear and tear of the vehicle and ageing of vehicle, loss through staged or deliberate accident, driving while intoxicated, contractual liability or damage occured while driving without a valid license.
3. Is additional personal insurance necessary with Bharti AXA Car Insurance?
Yes, it is! It is very important to opt for insurance for the passengers as well as the driver in order to ensure complete financial safety. In case of an unfortunate incident, it can prove to be very useful.
4. What are the documents required to cancel the Bharti AXA Car Insurance policy?
The documents required to cancel the policy by the customers are as follows-
Last updated on 05-11-2020
