Bharti AXA Life Insurance - Comprehensive Plans for Savings, Investment and Protection
Bharti Axa Life Insurance is an amalgamation of the Bharti Group (founded in 1976) and the French multinational insurance firm, Axa. It offers a wide range of life insurance plans that cater to different requirements.
Table of Contents
- Key Highlights of Bharti AXA Life Insurance
- Types of Life Insurance Plans Offered by Bharti AXA
- Bharti AXA Life Insurance Plans for Individuals
- Bharti AXA Savings Plans for Individuals
- Bharti AXA Investment Plans for Individuals
- Bharti AXA Health Insurance Plans for Individuals
- Bharti AXA Group Plans
- Bharti AXA Yoddha Military Life Cover Plan
- Bharti AXA Life Riders
- Bharti AXA Life Insurance Claim Settlement Ratio
- How to Check Bharti AXA Life Insurance Policy Status
- Bharti AXA Life Insurance Customer Care
Bharti AXA Life is a private sector general and Life insurance provider based out of Mumbai, Maharashtra. It is a joint venture between the Indian conglomerate Bharti Enterprises, and AXA - one of the largest multinational financial and wealth services companies.
Bharti AXA Life insurance policies are available across a wide spectrum. Customers can choose products ranging from traditional to investment plans or ensure protection for their children through a child plan to name a few options. Here's a brief overview of the available Bharti AXA life insurance products.
Key Highlights of Bharti AXA Life Insurance
The following are the key highlights of Bharti AXA Life Insurance plans:
- Lower insurance cover
- Diverse range of plans for your needs
- Unique plans that can be bought online
- Responsive customer service reachable through multiple modes of contact
- Easy management, payment, and settlement of claims
Types of Life Insurance Plans Offered by Bharti AXA
Bharti Axa offers a wide range of health insurance plans as given below:
- Life insurance plans
- Term insurance plans
- Savings plans
- Investment plan
Bharti AXA Life Insurance Plans for Individuals
Bharti Axa has the following Life Insurance plans for individuals:
Bharti AXA Life Plans | Type | Sum Insured (Rs.) | Policy Term (Years) | Age limit |
Bharti AXA Life Flexi Term Pro | Premium life insurance | Up to Rs.1 lakh | Up to 10 years | Minimum: 18 YearsMaximum: 60 years |
Bharti AXA Life Guaranteed Wealth Pro | Individual savings life insurance plan | Minimum: based on minimum premiumMaximum: No limit |
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Bharti AXA Life Shining Stars | Endowment plan | Minimum: Rs.50,000Maximum: No limit | 12 years to 20 years | Minimum: 18 yearsMaximum: 60 years |
Bharti AXA Life Super Series | Savings plan | Depends on minimum premium | Super 6: 12 yearsSuper 7: 20 yearsSuper 10: 20 years |
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Bharti AXA Life Wealth Pro | Insurance cum savings plan | MinimumSingle pay: Rs.31,250Regular pay: Rs.12,000Maximum: No limit | Minimum: 10 years to 30 yearsMaximum: 99 minus entry age | Growth variant: Minimum: 91 days to 8 yearsMaximum: 45 years to 65 yearsLegacy variant:Minimum: 91 daysMaximum: 44 years to 53 years |
Bharti AXA Savings Plans for Individuals
Bharti Axa has the following savings plans for individuals:
Bharti AXA Life Plans | Type | Minimum Sum Insured (Rs.) | Policy Term (Years) | Minimum Age |
Shining Stars | Endowment | Rs. 50,000 | 12 years to 20 years | Minimum: 18 years Maximum: 60 years |
Elite Advantage | Savings | Depends on minimum premium | Maximum: 63 years10 years or 12 years | Minimum: 8 years for 10 years policy term; 6 years for 12 years policy term Maximum: 65 years |
Super Series | Savings | Depends on minimum premium | Super 6: 12 years Super 7: 20 years Super 10: 20 years | Super 6 Minimum: 6 years Maximum: 63 years Super 7 Minimum: 0 years Maximum: 60 years Super 10 Minimum: 0 years Maximum: 60 years |
Super Endowment Plan | Savings | Rs.50,000 | 16 years to 20 years | Minimum: 91 days to 2 years Maximum: 60 years |
Monthly Income Plan + | Savings | Depends on policy term | 15 years, 20 years, or 30 years | Minimum: 0 to 3 years Maximum: 50 years (30 years), 60 years (20 years), and 65 years (15 years) |
Dhan Varsha | Participating plan | Rs.25,000 | 20 years and 25 years | Minimum: 91 days Maximum: 55 years for 20 years policy term; 50 years for 25 years |
Samriddhi | Endowment | Depends on minimum premium | 10 years, 15 years, 20 years, 30 years, and 35 years | Minimum: 0, 3 years, and 8 years Maximum: 45 years, 50 years, and 55 years |
Monthly Advantage | Income plan | Rs.50,000 | 12 years, 16 years, and 24 years | Minimum: 91 days, 2 years, and 6 years Maximum: 60 years and 65 years |
Secure Income Plan | Savings | Depends on policy term | to15 years, 17 years, and 20 years | Minimum: 0, 1 year, and 3 years Maximum: 65 years, 63 years, and 60 years |
Guaranteed Income Plan | Savings | Rs.25,000 | 6 years to 20years, depending upon plan option | Minimum: 91 days to 12 years Maximum: 45 years to 55 years (Depending upon plan option) |
Saral Bachat Yojana | Savings | Depends on policy term | 10 years and 15 years | Minimum: 3 years and 8 years Maximum: 55 years and 50 years |
Child Advantage | Savings | Rs.25,000 | 11 years to 21 years | Minimum: 18 years Maximum: 50 years |
Flexi Save | Savings | Depends on minimum premium | 20 years, 25 years, and 30 years | Minimum: 8 years, 3 years, and 0 year Maximum: 65 years, 60 years, and 55 years |
Life Unnati Plan | Savings | Depends on premium | 15 years to up to 100 years | Minimum: 91 days to 3 years Maximum: 45 years to 60 years |
Smart Invest Guaranteed Plan | Savings | Based on minimum premium | 5 years to 10 years | Minimum: 90 days to 13 years Maximum: 50 years and 60 years |
Guaranteed Wealth Pro | Savings | Based on minimum premium | 5 years to 100 years | Minimum: 91 days to 45 years Maximum: 53 years and 60 years (Depending upon plan option) |
Bharti AXA Investment Plans for Individuals
Bharti Axa has the following investment plans for individuals:
Bharti AXA Life Plans | Sum Assured (Rs.) | Policy Term (Years) | Minimum Age Limit |
Wealth Pro | Limited or Regular pay: Rs.12,000 Single pay: Rs.31,250 | 10 years, 15 years, 20 years, 25 years, and 30 years | Minimum: 91 days, 3 years, and 8 years Maximum: 60 years, 55 years, 50 years, 45 years, and 40 years |
Grow Wealth | 10 times of annualized premium | 5 years, 10 years, 15 years, and 20 years | Minimum: 91 days, 3 years, 8 years, and 13 years Maximum: 50 years, 55 years, 60 years, 64 years, and 70 years |
Future Invest Plan | Depends on premium | 10 years | Minimum: 18 years Maximum: 60 years |
Bharti AXA Health Insurance Plans for Individuals
Currently, there is only one health insurance plan for individuals that is offered by Bharti Axa. This is the Triple Health Insurance plan. Details are as given below:
- Minimum age of entry: 18 years
- Maximum age of entry: 65 years
- Minimum sum assured: Rs.2 lakh
- Policy term: 15 years
Bharti AXA Group Plans
Bharti Axa offers three types of group plans which are:
- Group gratuity
- Group credit life
- Group term life
These group plans are as given below:
- Term Micro-Insurance Plan
- Term Insurance Plan
- Accidental Death Benefit Rider
- Loan Protect
- Loan Secure
- Suraksha
- Jan Suraksha
- Pradhan Mantri Jeevan Jyoti Bima Yojana
- Smart Bima
- Employee Benefits Plan
Bharti AXA Yoddha Military Life Cover Plan
Bharti Axa Yoddha is an insurance plan specifically designed for armed forces personnel that provides coverage for war and war-like risks. Under this umbrella, there are three plans offered:
- Super Endowment Plan: To build wealth in a systematic manner
- Shining Stars: To take care of your child's financial requirements
- Elite Advantage: A savings plan that also offers life insurance coverage
Bharti AXA Life Riders
Bharti Axa Term Life Rider
Minimum entry age | 18 years |
Maximum entry age | 60 years |
Maximum maturity age | 70 years |
Term of the rider |
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Frequency of premium payment | Frequency of PP is Annual, Semi- Annual, Quarterly & Monthly |
Death Benefit | Rider sum assured amount |
Bharti AXA Life Premium Waiver Rider
Minimum entry age | 18 years |
Maximum entry age | 65 years |
Maximum maturity age | 70 years |
Bharti AXA Life Hospi Cash Benefit Rider
Minimum entry age | 91 days |
Maximum entry age | 65 years |
Maximum maturity age | 85 years |
Policy term | The policy is offered for fixed terms of 5, 7, 10, 15 & 20 years |
Maturity Benefit | Not payable |
Death benefit | Not payable |
No Claim Bonus | Not available |
Bharti AXA Life Accidental Death Benefit Rider
Minimum entry age | 18 years |
Maximum entry age | 65 years |
Minimum amount of premiums | With respect to offline products - Rs.40 With respect to online products - Rs.25 |
Term for premium payment | Equal to the rider term |
Bharti AXA Life Insurance Claim Settlement Ratio
Year | 2024-2025 | 2023-2024 | 2022-2023 | 2021-2022 | 2016-2017 |
Claim Ratio | 99.99% | 99.10% | 99.01% | 99.09% | 92.37% |
How to Check Bharti AXA Life Insurance Policy Status
If anytime you wish to check the status of your Bharti AXA life insurance policy, you can easily do so by visiting their website at https://www.bhartiaxa.com/ For checking the policy status and details, you will be required to provide policy related details like your policy number and your date of birth. Once you have provided that information, the page will immediately display the details and status of your policy.
Online Premium Payment for Bharti AXA Life Insurance Plans
For the convenience of their customers and allow them to make premium payments on time, Bharti AXA offers multiple ways of making premium payment online. These are:
- Online - Customers can pay their premiums online in 3 easy steps via net banking, credit cards or debit cards. First step is to enter policy details, second is to choose the payment mode (net banking, credit or debit card) and confirming the payment. The final step is to enter your authentications details, following which you will get your payment confirmation.
- InstaPay - Customers can make instant premium payments via their net banking accounts held with any of the many leading banks like HDFC Bank, ICICI Bank, YES Bank, Punjab National Bank, Bank of India, Indian Overseas Bank, Allahabad Bank, J&K; Bank and Oriental Bank of Commerce.
- E-Bill Payment - Customers can easily receive and pay their premiums electronically via net banking accounts held with the following banks, which include Citibank, ICICI Bank, HDFC Bank, SBI, Corporation Bank and Karur Vysya Bank.
- Visa Bill Pay - Customers can also make easy premium payments via their Visa enabled credit or debit cards. All they have to do is register on the Visa BillPay site for making premium payments to Bharti AXA.
Bharti AXA Life Insurance Premium Calculator
You can easily find out how much premium you will have to pay for your Bharti Axa life insurance policy by using the free online premium calculator tool. This provides accurate results instantly and saves you the hassle of doing the calculations on your own. All you have to do to get information about your premium amount is to enter the required details in the calculator such as your age, sum assured amount, policy term, etc. The results will be calculated based on this data.
Bharti AXA Life Insurance Customer Care
You can contact Bharti Axa Life Insurance through any of the following ways:
- Telephone: You can contact the helpline number at 1800-102-4444 (Monday - Saturday; 9 am to 7 pm)
- Email: You can send an email to service@bharti-axalife.com
- SMS: Send a message with the code ''SERVICE'' to 56677
- Website: You can also register your contact details on the ''Contact Us'' page on the official website
- Branch: You can walk into the nearest branch and get your concerns addressed
Documents Required to Make a Bharti Axa Life Insurance Claim
- Original Policy bond.
- Statement form of the claimant.
- Death certificate attested by a competent authority.
- Photo ID proof of the nominee.
- Address proof of the nominee.
- Nominee's bank passbook and cancelled cheque.
- Copy of First Information Report (FIR), if applicable if death is due to accident, murder, or suicide.
- Copy of post mortem report, if applicable if death is due to accident, murder, or suicide.
- Copy of medico legal cause of death certificate, if applicable for non-accidental death.
- Copy of all medical records.
Bharti AXA Life is a private sector life and general insurance provider based out of Mumbai, Maharashtra. It is a joint venture between the Indian conglomerate Bharti Enterprises, and AXA - one of the largest multinational financial and wealth services companies.
Bharti AXA Life insurance policies are available across a wide spectrum. Customers can choose products ranging from traditional to investment plans or ensure protection for their children through a child plan to name a few options. Here's a brief overview of the available Bharti AXA life insurance products.
FAQs on Bharti AXA Life Insurance :
- How can I initiate a claim?
You can initiate a claim by either approaching the nearest Bharti AXA Life Insurance office or you can also call or email Bharti AXA Life insurance.
- How can I track my claim?
Claim status can be tracked on the website at a designated page.
- When can a claim be rejected by Bharti Axa Life?
Claims can be rejected when: if the information is withheld by the policyholder at the time of taking the policy. It can also be rejected in case of fraud, misleading facts, or in case of death, as it does not come under the policy coverage.
- Where should all the documents be submitted for making a claim?
All the documents must be submitted at any Bharti Axa branch office, or mailed directly to the head office.
- How long does it take for a claim to be processed?
Bharti AXA works towards processing and resolving claims at the earliest, but it could take up to 6 months depending on the complexity of the case.
- Where can I register the claim?
Claims can be registered online at the Bharti AXA website.
- How do I register for online payment of premiums?
There is a module on the Bharti AXA website which allows you to register and make premium payments online.
- How do I register for ECS payment for premiums?
Premiums can be paid through Electronic Clearing Service (ECS) by filling and submitting an ECS / Direct Debit Mandate Form, which can be found here www.bharti-axalife.com/media/pay-premium/ECS-Mandate-Form.pdf
- Can I give another proof of identification for an online insurance application if I do not have my Card?
No, the PAN Card is compulsorily required for all online applications.
- Is the eProtect Plan available for NRIs (non resident Indians) or PIOs (person of Indian origin)?
NO, the eProtect Plan is only available for purchase by residents of India. You may contact a Bharti AXA representative for information on plans available for NRIs and PIOs.
- How can I determine the ideal amount of Sum Assured?
Customers can increase or decrease their chosen sum assured based on their income status. The ideal amount of sum assured will be displayed in the box displaying the premium.
- Are the premium rates lower for non-smokers?
Yes, the premium rates for non-smokers will be lower for non-smokers, due to the lower health risk involved.
- If my policy is not issued, how long will it take for me to get my refund?
If the policy has been postponed or declined, your refund amount will be returned to you within 10 working days.
- How can I pay Bharti AXA premium online?
The payment of your Bharti AXA premium can be done online with relative ease. All you have to do is enter your policy details, choose the online bank account or credit/debit card through which you wish to make the payment, confirm it, and enter the authentication details to receive an online confirmation.
- What netbanking accounts can be used to pay Bharti AXA premiums online?
The netbanking accounts that can be used to make Bharti AXA premium payments online include Axis Bank, Bank of Baroda, Bank of India, Citibank, HDFC Bank, ICICI Bank, IDBI Bank, Indian Overseas Bank, Punjab National Bank, State Bank of India, Union Bank of India, Dhanlaxmi Bank, and Development Credit Bank.
- What is Bharti AXA Life Elite Advantage plan?
The Bharti AXA Life Elite Advantage plan is a comprehensive savings plan that provides dual benefits. The first benefit is guaranteed payouts of 8.5% to 9.5% of the sum assured on the maturity of the plan during the course of the Maturity Payout period, and the second benefit is 100% of the sum assured at maturity.
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