High Claim Settlement
Bharti AXA Life has an impressive claim settlement ratio of 99.18% for FY 2023-24, showcasing their ability to settle claims easily.
Outstanding Customer Service
Bharti AXA Life Insurance is known for its outstanding customer service and is committed to making its customers' experience as seamless as possible.
Good Solvency Ratio
The solvency ratio indicates the financial health of the insurance provider. In the latest report by IRDAI (2023-2024) of the top term insurance companies, Bharti AXA Life Insurance maintains a good solvency ratio of 1.6.
Availability of Riders
Bharti AXA Life offers a variety of riders for its term insurance plans, which help you customize your plan to your needs.
Ease of Purchase
Bharti AXA Life's term insurance plans are easy to buy because they don't involve lengthy underwriting procedures and medical examinations.
Eligibility Criteria for Bharti AXA Term Insurance Plans
To purchase a Bharti AXA term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.
Age
A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder's age is a key factor in the term insurance plan's premium.
Health Condition
Since a Bharti AXA term insurance plan insures the policyholder's life, most insurance providers require a policyholder to undergo a health examination to determine their current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income
A Bharti AXA term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan.
Smoking Habits
If you smoke or have been a smoker in the past, you must disclose this information to the insurer. It is because smokers are exposed to severe health hazards like lung cancer.
Citizenship
Indian citizens can buy a Bharti AXA term insurance plan in India in their name. However, NRIs or PIOs can also benefit from a term insurance plan in India.
Additional Benefits Offered by Bharti AXA Term Plans
Bharti AXA Term Insurance Plans offer various additional benefits to policyholders.
Joint Life Cover
With the joint life cover feature, you can cover two people under a single plan. It offers financial security for the surviving member if one of the insured persons has an unfortunate demise. It is beneficial because it only requires one payment for two people's coverage.
Maturity Benefits
Usually, term insurance does not provide any maturity benefit. However, the Bharti AXA term plan offers a maturity benefit through a premium refund if the life insured survives till the end of the policy term.
Increased Sum Assured
With this option, you can increase the sum assured twice during the policy term without undergoing any future medical examination. It is an ideal option for a young policyholder to help them upgrade their life cover as per their increasing life stage requirements. It is not available under the joint life and return of premium option.
Smart Exit Value
The Smart Exit Value feature lets you exit a policy early and receive a refund of all premiums paid till the date of surrender. Kindly note that no additional premiums are payable for this option.
Whole Life Option
Bharti AXA term policies offer a whole-life coverage option that provides financial protection until the policyholder is 99 years old. With a whole life feature, you can stay protected with a life cover—as long as you keep up with the premium payments.
Types of Bharti AXA Life Term Plans
There are various Bharti AXA term plans based on their features. You can choose the one that best suits your requirements.
Basic Term Plan
Plan Name: Grameen Jeevan Bima or Saral Jeevan Bima
Upon the policyholder's demise during the policy period, the death benefit amount shall be payable to the nominee.
Term Plan with Return of Premium
Plan Name: Life Suraksha or Flexi Term Pro
Get back all the premiums paid towards the plan at maturity if you outlive the policy tenure.
Riders You Can Avail With Bharti AXA Term Insurance Plans
You can avail of the following riders with your Bharti AXA Term Insurance Plans:
| Name of the Riders |
Benefits |
| Accidental Death Benefit Rider |
Get an extra payout on top of the base cover in case of an 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. |
Documents Required to Buy Bharti AXA Life Term Insurance Policy
Here are the documents required to buy a Bharti AXA Term Insurance Plan:
Photo ID Proof
Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder if requested.
Income Proof
Bank statement, last three months' salary slips (if you are salaried).
How to Buy Bharti AXA Term Insurance Online
- Step 1
Fill out the form at the top of this page with the necessary details.
- Step 2
Select your income and city. Click on 'Proceed'.
- Step 3
Update your education and occupation details.
- Step 4
Choose your preferred plan and click on 'Buy this plan'.
- Step 5
Select the policy term, premium period, and riders (if required), and then proceed to pay.
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 your 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.
Online Process
1. Claim Intimation
Inform the company about the incident via various channels: by writing an email at [email protected], 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, and contact details.
2. Document Submission
Submit the necessary documents requested by the company to process the claim.
In 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, and account details of the nominee.
In case of an accidental death:
the same documents are included, along with two additional documents: the FIR and the 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.
Offline Process
To file a claim offline with Bharti AXA Life Insurance, you must visit its head office or any of its branches. Submit a duly filled claim form and the required documents to the nearest bank branch, company head office, or any of their offices. The claim department processes the claim once they verify the documents. However, you can easily locate the nearest branch office using the Bharti AXA branch locator.
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