Life Insurance 8448 views December 24, 2019

Bharti AXA Life Insurance

Bharti AXA life ranking in India is amongst the leading insurance providers in India. Bharti AXA Life insurance Company Limited is an established brand that ensures protection and financial security to the policyholders.  Customers can log in on the online portal and request service or register claims or register complaints at any time of the day from the convenience of their home.

Apart from the best customer service, the company is also well-known for the amazing insurance products that are designed to offer financial security and backup to the policyholder and their family in times of contingencies.

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Bharti AXA Life Insurance Plans

Bharti AXA Life Insurance products are unique and come with a wide range of features and benefits. Let’s read about these products below.

Bharti AXA Protection Plans

Protection Plans, also known as Term Plans, are the simplest form of life insurance plan offered by Bharti AXA Life Insurance Company. Under the protection plan, the insurance cover is offered for a specific tenure. Upon the unfortunate demise of the life insured within the policy term, the company pays a predetermined amount i.e. the sum assured to the nominee. A protection plan is an important investment to safeguard the future of your loved ones, financially, in your absence. The following are various protection plans offered by Bharti AXA Life Insurance Company:

  1. Bharti AXA Life Flexi Term
  2. Bharti AXA Life Premier Protect Plan
  3. Bharti AXA Life POS Saral Jeevan Bima Yojana
  4. Bharti AXA Life Income Protection
  5. Bharti AXA Life Secure Confident
  6. Bharti AXA Life Elite Secure

Why Buy the Bharti AXA Protection Plan?

Life is unpredictable and so the planning for the future is one of the best ways to secure the life of our loved ones. With Bharti AXA protection plan, you can:

  1. Secure and protect your loved ones against financial instability
  2. Get higher insurance coverage at an affordable premium
  3. The benefit is paid in Lump Sum upon the demise of the life insured
  4. Avail tax benefits on the premium paid

Bharti AXA Savings Plans

Savings Plans help you build savings systematically and plan for the future of your loved ones. These plans help you achieve short-term and long-term goals. Bharti AXA offers the following savings plans to customers so that they can plan systematically and securely for their future.

  1. Bharti AXA Life Shining Stars
  2. Bharti AXA Life Elite Advantage
  3. Bharti AXA Life Super Series
  4. Bharti AXA Life Super Endowment Plan
  5. Bharti AXA Life Monthly Income Plan+
  6. Bharti AXA Life Dhan Varsha
  7. Bharti AXA Life Samriddhi
  8. Bharti AXA Life Monthly Advantage
  9. Bharti AXA Life Secure Income Plan
  10. Bharti AXA Life Guaranteed Income Plan
  11. Bharti AXA Life Assure Benefit Plan
  12. Bharti AXA Life Aajeevan Sampatti+
  13. Bharti AXA Life Smart Jeevan
  14. Bharti AXA Life POS Saral Bachat Yojana
  15. Bharti AXA Life Child Advantage
  16. Bharti AXA Life Secure Savings Plan
  17. Bharti AXA Life Flexi Save
  18. Bharti AXA Life Invest Once
  19. Bharti AXA Life Serv Suraksha

Why Buy Bharti AXA Savings Plan?

The following are important reasons for choosing the Bharti AXA Savings Plan:

  1. Guaranteed Benefits
  2. Insurance Cover and Savings through a single plan
  3. Flexibility to choose the premium payment term
  4. Limited Premium Payment option available
  5. Tax benefits on premium paid

Bharti AXA Investment Plans

Bharti AXA Investment Plans offer the best opportunity for wealth creation through systematic investments. These plans offer the opportunity to grow money along with insurance coverage to protect your loved ones against uncertainties of life. Bharti AXA offers the following investment plans to their customers to fulfill their short-term and long-term financial goals.

  1. Bharti AXA eFuture Invest
  2. Bharti AXA Life Grow Wealth
  3. Bharti AXA Life Future Invest Plan

Why choose Bharti AXA Investment Plan?

Bharti AXA investment plans not only offer insurance coverage and wealth creation opportunities but also the following benefits:

  1. Good returns on the invested money
  2. Financial protection against uncertainties of life
  3. Tax benefit on premiums

Bharti AXA Health Plan

The Bharti AXA health plan is designed to provide financial security during medical emergencies. Bharti AXA Life Triple Health Insurance Plan is a health insurance plan offering the opportunity to make a maximum of up to 3 Claims under this policy. The company waives off all the future premiums after making the first claim.

Following are the reasons for choosing the Bharti AXA health insurance plan:

  1. Get financial protection against the rising cost of healthcare and healthcare treatments
  2. Comprehensive health insurance plan offering coverage against most of the treatments and diseases
  3. Lump sum payouts including both fixed benefit and Hospi Cash Benefit
  4. Tax Benefit on premiums paid

Bharti AXA Group Plans

Bharti AXA Group Plans are designed to help employers cover employees’ liabilities in efficient and affordable rates. The group plans offer the opportunity for employers to help their employees secure their family’s future financial needs.

There are various types of group insurance plans offered by Bharti AXA namely:

  1. Group Gratuity
  2. Group Credit Life
  3. Group Term Life

Following are the group plans offered by Bharti AXA

  1. Bharti AXA Life Group Term Insurance Plan
  2. Bharti AXA Life Group Accidental Death Benefit Rider
  3. Bharti AXA Life Group Loan Protect
  4. Bharti AXA Group Suraksha
  5. Bharti AXA Life Jan Suraksha
  6. Bharti AXA Life Loan Secure
  7. Bharti AXA Life Pradhan Mantri Jeevan Jyoti Bima Yojana
  8. Bharti AXA Life Smart Bima
  9. Bharti AXA Life unit-linked Employee Benefits plan

Bharti AXA Yoddha Plans

This is a unique insurance product offered by Bharti AXA Life Insurance Company wherein the company offers insurance coverage to the armed forces. This plan is designed for the armed forces and covers war and war-like risks. Thus, the above is the complete catalogue of the present insurance products offered by Bharti AXA Life Insurance Company.

Riders Offered on Bharti AXA  Life Insurance Plans

Want to extend the coverage of your Bharti AXA Life Insurance Plan? You can add the rider to ensure the same. There are plenty of Bharti AXA riders you can add to your plan. These include Accidental Total and Permanent Disability Rider, Premium Waiver Rider, Hospi Cash Benefit Rider, Accidental Death Benefit Rider, Group Accidental Death Benefit Rider. Each of these riders will have a separate sum assured and so will have the extra premium.

Accidental Total and Permanent Disability Rider – If you face total and permanent disability due to an accident, this rider will help ensure a lump sum amount. It comes with an option of ‘Return of Premium’ too. The premium payable for the rider gives you tax benefits.

Premium Waiver Rider – If you face permanent disability, critical illness or death, you will have your premiums waived off with this rider.

Hospi Cash Benefit Rider – It ensures the payment of fixed amount during each day of hospitalization. A fixed amount is also payable in case you are admitted to Intensive Care Unit (ICU) or a lump sum in case of surgery.

Accidental Death Benefit Rider – 100% of the sum assured is payable in case the life assured dies due to an accident

Group Accidental Death Benefit Rider – As the name suggests, the rider is available to companies and social groups wanting a protection cover for the families of their employees and members. In case these employees and members die due to an accident, their family will receive the financial support.

Bharti AXA Claim Settlement Ratio

According to the annual report of Insurance Regulartory Development Authority of India (IRDAI), the claim settlement ratio of Bharti AXA General Insurance Co. Ltd. for the financial year 2017-18 is 83%. Let’s look at the table below to understand the death claim data of the Bharti AXA General Insurance Co. Ltd. for the year 2018-19.

Types of PoliciesTotal ClaimsClaim PaidClaims RejectedClaims PendingRepudiated ClaimsUnclaimed Claims
Group Insurance 3573520140
Individual Insurance 1,0651,03607220

How to Renew Bharti AXA Life Insurance Online?

Renewing Bharti AXA Life Insurance by paying the premium on time is vital to continue getting the policy benefits. To ensure timely payment, you can choose the online route. Do a few steps shown below to pay the premium.

  • Visit the official website of Bharti AXA Life Insurance
  • Enter the policy number and date of birth of the proposer
  • Click on ‘Validate’
  • The premium amount will appear on the screen along with payment options – Netbanking, debit/credit card/UPI, etc.
  • Choose the option with which you want to make the payment
  • Upon successful payment, your policy will get renewed with Bharti AXA sending you both SMS and email intimation confirming the same.

Policy Purchase and Servicing

Bharti AXA Life Insurance Company has a strong online presence. Customers of Bharti AXA life insurance company can purchase, renew or service their policy through the online portal. The Login Portal is a gateway that allows customers to log in to their online platform and avail various services. The Bharti AXA Life Insurance Online Payment gateway allows customers to pay premium amount instantly and in a hassle-free manner. Customers can now view the status of their new or existing policy through the Policy Status portal.

The online portal is not only offering the purchase and policy servicing facilities but also provides information related to Bharti AXA life insurance market share, and also put comparative articles suggesting the Bharti AXA Life Insurance rating amongst the other industry players.

The online portal also has a knowledge centre (blog) wherein customers can read articles related to reviews of various plans like- Bharti AXA Samriddhi plan reviews, Bharti AXA child advantage review, Bharti AXA life Dhan Varsha review, etc.

About Bharti AXA Life Insurance Company

Bharti AXA Life Insurance Company Limited is a leading conglomerate insurance provider in India. The company is a joint venture between two great companies namely Bharti Group and AXA. Both companies have a rich and diverse background but they hold the ground on the fundamental principle of offering the best products and services to its customers.

Bharti Group is founded in 1976 and AXA is a French multinational insurance provider. Both these companies have collaborated to carry out insurance business in India. The company’s review and profile are as follows:

  1. They started its operation in the life insurance industry from 27th Oct 2005.
  2. Bharti AXA Life Insurance headquarters is located at Unit 1904, Prainee Crescenzo 19th Fl, G Block, BKC Mumbai, 400051 India.
  3. Their customer care number is 1800-102-4444
  4. The CEO and Managing Director of the company is Vikas Seth
  5. Presently, the joint venture has Bharti Group’s stake at 51% and AXA’s stake at 49%

Thus, the following table showcases the company profile and overview at a glance

Name of the CompanyBharti AXA Life Insurance Company Limited
TaglineJeevan Suraksha ka naya nazariya
Founded2008
HeadquartersMumbai, India
OwnerBharti Enterprise and AXA Business Group
Owner StakesBharti Enterprise 51 per cent
AXA Business Group 49 per cent
Serving CountryIndia
Sector / Industry / sub-industryFinance / Insurance Service/ Life Insurance
ProductsLife Insurance, Health Insurance, Group Insurance Plans, Yoddha Plans
Key PeopleMr Vikas Seth (MD and CEO)
Contact details1800-102-4444
Websitewww.bharti-axalife.com

Vision and Values

Bharti AXA Life Insurance Company is a dedicated insurance provider in India. the conglomerate comes from different backgrounds and experience but both the companies believe in offering the best insurance products and customer services. The company has a strong vision and values which they harmoniously follow.

Vision: The conglomerate stands as one company with a vision to be the preferred insurance partner to customers, the best employee to all the employees in the insurance industry, and the most preferred counterpart to business partner and shareholders.

Values: Values define the foundation and help in creating a pathway to success. The values of Bharti AXA Life Insurance Company help the company to differentiate itself from the rest of the insurance players. The company believes and holds strong ground on values like Customer Centricity, Integrity, Innovation, Team Culture and Courage.

Mission: Mission defines the way a company sees itself in the eyes of its customers. Bharti AXA has a mission to be the most profitable company in the top 10 insurance companies.

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