Bharti AXATerm Insurance
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Bharti AXA Term Insurance Plans

Bharti AXA Life Insurance commenced its operations in 2006. It is a joint venture between AXA Group and Bharti Enterprises. Presently, Bharti Group holds a 51% stake whereas AXA carries 49%.

Bharti AXA offers an array of insurance products ranging from traditional to investment plans and ensures protection for their children through child plans. Bharti AXA Term 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

Here's a brief overview of the available Bharti AXA life insurance products.

Key Features of Bharti AXA Term Insurance Company

Bharti AXA Term Insurance offers an economical way of securing your family after you. Let's have a look at some of the brilliant features of the policy making it one of the best available term insurance plans in the domain.

  • Annual Premium: As per the IRDAI report 2020-21, Bharti AXA Life Term Insurance recorded an annual premium of Rs. 2,280.82 Crores.
  • Solvency Ratio: TThe solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations.
    The Solvency Ratio of Bharti AXA Life Term Insurance company for 2020-21 is 1.83. (As per the IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5).
  • Claim Settlement Ratio: The company holds a good and reliable claim settling process with a CSR of 99.05%. (CSR as per IRDAI report of the year 2020-21). The Bharti AXA Term Insurance holds one of the highest claims settlement ratios amongst all the insurance companies.
  • Operating Network: Bharti AXA Life Insurance Company has 250+ branches across India and additional distribution touch-points through several new tie-ups and partnerships. Apart from its PAN India presence, it has consultants that will guide you through their wide array of products and help you pick what is right for you.
Bharti AXA Term Insurance Key Features

Benefits of Bharti AXA Term Insurance Company

During a difficult time in the family, people want to rely upon a term insurance company that is efficient and offers hassle-free services and support. Bharti AXA offers multiple benefits to its consumers:

  • Reliable and hassle-free claim settlement: The claim settlement ratio of Bharti AXA Life is among the finest in the country. At an impressive 99.05%, it is one of the healthiest claim settlement ratio and one of the highest amongst the insurance companies.
  • 24*7 customer service: Bharti AXA is connected with its customers through various channels, which include phone, email, and social media assuring them a quick response despite the gravity of their queries.
  • A wide variety of options: Bharti AXA Life Insurance recognizes various needs of every individual and therefore offers multiple alternatives. Besides, there are a variety of riders available to supplement your term insurance coverage.
  • Longer coverage: You can opt for term insurance plans with longer coverage options that offer Life covering up to the age of 85, and you can also receive whole life insurance up to the age of 99.
  • Economical term plans: The nominal premiums of Bharti AXA ensure that they fit within your budget.

Bharti AXA Life Term Insurance Plans

To secure your family's needs, Bharti AXA Life Term Insurance offers 7 term insurance plans, from which you can choose a well-suited plan for yourself:

Bharti AXA Life Flexi Term Pro

Pure Risk Premium Life Insurance policy offers 2 options, without return of premium and with the return of premium, and a joint life cover option for your spouse.

Unique Features

  • Cover up to 99 years
  • Avail Joint Life cover
  • Avail 2 plan options

Bharti AXA Life Saral Jeevan Bima

Non-Linked Non-Participating term insurance plan with a double sum assured on death due to accident and tax benefits.

Unique Features

  • Flexible policy term
  • Rider benefit
  • Discounts for women

Bharti AXA Life Flexi Term Plan

Covers Critical illness at the age of 75 and offers options to choose between 2 cover options.

Unique Features

  • 75 CI covered
  • Comprehensive cover
  • Major illness cover

Bharti AXA Life Grameen Jeevan Bima Yojana

Non-Linked Non-Participating Life Term Micro Insurance Plan. It offers flexibility to opt 2 plan options and tax benefits.

Unique Features

  • Pure protection plan
  • Protection with Return of Premium
  • Tax benefits

Bharti AXA Life Smart Jeevan

A plan that offers affordable premiums and 100% return of premiums paid till the end of Policy Term as maturity benefit.

Unique Features

  • Tax Benefits
  • Maturity benefits available
  • Affordable premiums

Bharti AXA Life POS Saral Jeevan Bima Yojana

Non-Linked Non-Participating term insurance policy provides double the sum assured on death due to an accident.

Unique Features

  • Flexible policy term
  • No medical test required
  • Tax Benefits

Bharti AXA Life Income Protection Plan

A plan that guarantees an annual pre-planned income and 2 death benefit options available.

Unique Features

  • Maturity benefits available
  • 2 death benefit options
  • Avail survival benefit

Bharti AXA Term Plan Riders

There are some general exclusions against which the above-mentioned term insurance plans by the Aviva Life Insurance company would not provide coverage. Let's have a look at them:

  • Bharti AXA Life Term Rider

    This Life Term Rider pays out an additional sum assured in case of death of the life insured. This amount is in addition to the death benefit under the base policy. This rider provides enhanced coverage in case of death with the flexibility to choose rider term.

  • Bharti AXA Life Premium Waiver Rider

    Provides you with additional protection that waives off your future premiums, in case you are faced with an unfortunate and sudden event like critical illness, permanent disability, or death.

  • Bharti AXA Life Accidental Death Benefit Rider

    This non-linked and regular pay insurance rider provides 100% sum assured in case of death of the life insured due to an accident, subject to the rider policy being in force.

  • Bharti AXA Life Group Accidental Death Benefit Rider

    A rider that offers better protection for the family, in case of loss of life of the life insured due to any sudden accident.

  • Bharti AXA Life Hospi Cash Rider

    Provides you with additional protection that waives off your future premiums, in case you are faced with an unfortunate and sudden event like critical illness, permanent disability, or death.

How To Buy Bharti AXA Term Insurance Plans?

Bharti AXA Life allows you to buy a term insurance plan via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Below we have elaborated both the buying processes for you.

Steps to buy from Bharti AXA Life insurance company

  • Visit the official website of Bharti AXA Life Insurance Company.
  • Click on 'All Plans' on the navigation bar and select 'Term Insurance Plans'.
  • Click on the 'Buy Now' button and fill in the required details.
  • Tap on 'Next' and select a plan as per your requirements.
  • Select the cover option you want and make your payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

Steps to buy from PolicyX.com

  • Fill out the form given at the top of this page with the necessary details.
  • Select your income and city. Click on 'Proceed'.
  • Update your education and occupation details.
  • Choose your preferred plan and click on 'Buy this plan'.
  • Select policy term, premium period, and riders (if required) and then proceed to do the payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

How to File Bharti AXA Term Insurance Claims?

Filing a claim for Bharti AXA Term Plan is a simple and hassle-free task. You can easily fill and submit their claims online or walk into your nearest Bharti AXA Life branch. To file a claim for Bharti AXA Term Plan, you need to follow the below-mentioned steps.

1. Claim Intimation

Inform the company about the incident via various channels- by writing an email at lifeclaims@bhartiaxalife.com, calling on the toll-free number (1800 102 4444), filling the online claim form on its website, or by visiting the nearest branch. The following details have to be provided during the intimation of your claim:

  • Name of the policyholder
  • Policy number
  • Date of death/event of the life assured
  • Nominee name
  • Cause of death
  • Contact details

A claim reference number/intimation number will be provided to you upon successful registration of the claim.

2. Document Submission

Submit the necessary documents requested by the company to process the claim. In the case of natural death-

  • Death claim form.
  • Death certificate.
  • Original policy documents.
  • Claimant's identity & residence proof.
  • Medical records at the time of death & past illnesses.
  • Account details of the nominee.

In the case of unnatural death (Accidental death/Murder/Suicide)-

  • Death claim form.
  • Death certificate.
  • Account details of the nominee.
  • Original policy documents.
  • Claimant's identity & residence proof.
  • FIR, police inquest report & panchanama
  • Post mortem report.

3. Claim Settlement

After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over call or email.

How to Contact Bharti AXA Life Insurance Company?

Unit No. 1902, 19th Floor, Parinee Crescenzo, 'G' Block, Bandra Kurla Complex, BKC Road, Near MCA Club, Bandra East, Mumbai - 400051, Maharashtra

service@bhartiaxa.com

Toll-Free Number: 1800 102 4444
(Available from 9:00 am to 7:00 pm IST)

Bharti AXA Life Term Plans: FAQs

1. What documents are necessary to make a non-accidental death claim?

  • Medico-Legal cause of the death certificate.
  • Copy of medical records (Discharge/ Death Summary, Admission notes, Test Reports including past medical records).
  • Certificate from attending doctor.
  • Employer certificate carrying the employment details of the assured like salary, medical, etc.
  • Family Physician Certificate.

2. Is the option of the grace period available under Bharti AXA Life term plans?

Yes, the life assured is given a grace period of 30 days to pay the due premium. After termination of the grace period, the policy will be declared as lapsed or terminated.

3. Can we revive a lapsed policy?

Yes. If the life assured wants to regain the lost benefits and coverage, he/she has to fulfil the below criteria-

  • Payment of all the due premium till the date of revival.
  • Pay the additional interest on due premiums.
  • Revival can be practised within two years starting from the date of unpaid premium.

4. Can I share a bank statement as an alternative document if I don't have income proof?

No, the Bank statement cannot be considered as income proof for Bharti AXA Life Term Plan.

5. Can a self-employed person invest in Bharti AXA term Insurance?

Yes. To invest in Bharti AXA Term Insurance Plans, you have to submit documents and details related to your Proprietorship/Partnership.

6. Can I get a copy of my medical report?

Yes, you can get a copy of the medical report but the FMR report as per the company guidelines.

7. What if I cannot pay the premiums of the Bharti AXA Term Plan?

Bharti AXA Term Plan offers a grace period of 15 days to pay the pending premiums but If you are still unable to pay your premiums after the grace period, your policy will lapse.

8. What are the premium payment frequency modes for the Bharti AXA Term plan?

The policyholder of a Bharti AXA term insurance plan can choose to pay the premium annual, half-yearly, quarterly, or monthly basis.

9. What critical illnesses are covered by Bharti AXA life term insurance?

Below mentioned are the critical illnesses covered by Bharti AXA Term Insurance:

  • Open Chest CABG
  • Cancer of specified severity
  • Open heart replacement or repair of heart valves
  • Surgery to aorta
  • Cardiomyopathy
  • Kidney failure
  • Organ transplant
  • Bone marrow transplant

10. Who can purchase a Bharti AXA term insurance policy?

A Bharti AXA term insurance plan can be purchased by any Indian resident between the ages of 18 and 65.

Bharti AXA Term Insurance Reviews

Read what our customers have to say about Bharti AXA term insurance company

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Vipul Bhardwaj

Coimbatore

June 9, 2022

Bharti AXA is a good life insurance company, and I am sure if something ha[opens to me, the company will look after my family s needs.

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K V Sharma

Kolkata

October 6, 2021

decent company overall...took time to explain everything and listened attentively! found it impressive and bought a term plan within a day!

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Tanesh G

Pune

October 6, 2021

help ke liye thanks a lot to team bharti! you are a good help and I will soon buy another cover from them! Recommended!

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Tanuj Kumar

Mumbai

October 5, 2021

policyx suggested my this company. it is trustworthy also and I wud recommedn to everybody who is planning to buy insurance

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Geetanjali

Kolkata

October 5, 2021

Bought a plan thru policyx for first time...so thankful to the team there...they facilite a smooth talk and buying!

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Jyoti Desai

Delhi

October 4, 2021

Bought my very first life insurance policy from Bharti...I had some great options to choose from! I belive it will help my family if ever required! Thanks, guys! and keep up

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Sweety

Belgaum

October 4, 2021

my claim was etlled in mere 8 days...I was so worried about it but the Bharti axa team was swift and very considerate of my financial situation

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Abhish Mathan

Agra

October 4, 2021

truly grateful for the help at Bharti axa ....i needed to claim my father s life insurance and the company made it very very easy without much fuss!