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Life Insurance 23651 views December 24, 2019
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 products are unique and come with a wide range of features and benefits. Let’s read about these products below.
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:
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:
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.
Why Buy Bharti AXA Savings Plan?
The following are important reasons for choosing the Bharti AXA Savings Plan:
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.
Why choose Bharti AXA Investment Plan?
Bharti AXA investment plans not only offer insurance coverage and wealth creation opportunities but also the following benefits:
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:
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:
Following are the group plans offered by Bharti AXA
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.
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.
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 Policies||Total Claims||Claim Paid||Claims Rejected||Claims Pending||Repudiated Claims||Unclaimed Claims|
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.
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.
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:
Thus, the following table showcases the company profile and overview at a glance
|Name of the Company||Bharti AXA Life Insurance Company Limited|
|Tagline||Jeevan Suraksha ka naya nazariya|
|Owner||Bharti Enterprise and AXA Business Group|
|Owner Stakes||Bharti Enterprise 51 per cent
AXA Business Group 49 per cent
|Sector / Industry / sub-industry||Finance / Insurance Service/ Life Insurance|
|Products||Life Insurance, Health Insurance, Group Insurance Plans, Yoddha Plans|
|Key People||Mr Vikas Seth (MD and CEO)|
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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