- 1 Important Features of Bharti AXA Life Insurance
- 2 Various Life Insurance Plan Types Bharti AXA Offers
- 3 How to Check the Status of a Bharti AXA Life Insurance Policy
- 4 Bharti AXA Life Insurance Plans Online Premium Payment
- 5 Calculator for Bharti AXA Life Insurance Premiums
- 6 Customer service for Bharti AXA Life Insurance
- 7 Documents Needed to File a Claim with Bharti Axa Life Insurance
- 8 FAQs
- 8.1 Q1. What is life Insurance?
- 8.2 Q2. What advantages do life insurance policies offer?
- 8.3 Q3. Why take into account Bharti AXA Life Insurance?
- 8.4 Q.4 Why does Bharti AXA Life provide me a lesser level of life insurance coverage than other life insurance providers?
- 8.5 Q.5 What are the claim rejection causes and the claim settlement ratio?
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Important Features of Bharti AXA Life Insurance
- Less insurance protection
- A wide variety of programs to suit your demands
- Online-purchasable special plans
- Responsive customer support is accessible via several communication methods
- Simple claim handling, payments, and resolution
Various Life Insurance Plan Types Bharti AXA Offers
As listed below, Bharti Axa provides a variety of health insurance products.
- Strategies for defense
- Savings schemes
- Investment strategy
- Plan groups
- Health programs
- Yoddha schemes (for armed forces)
How to Check the Status of a Bharti AXA Life Insurance Policy
You may quickly see the current status of your Bharti AXA life insurance policy by visiting their website at https://www.bhartiaxa.com/ whenever you want to. You will need to give information connected to the policy, such as your insurance plan and date of birth, in order to verify the status and specifics of the insurance. The details and status of your policy are instantly visible on the page when you have entered that information.
Bharti AXA Life Insurance Plans Online Premium Payment
Bharti AXA provides a variety of online premium payment options to make it convenient for their clients and enable them to pay their premiums on time. Which are:
Online – Using net banking, personal loans, or debit cards, customers may pay their premiums online in 3 simple steps. Entering policy information is the first stage, followed by selecting a payment method (net banking, credit or debit card) and verifying the payment. You must input your authentication information as the last step before receiving a payment confirmation.
Customers who have net banking accounts with any of the many well-known banks, including 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, can use InstaPay to pay immediate premiums.
E-Bill Payment – Customers having net bank cards at Citibank, ICICI Bank, HDFC Bank, SBI, Corporation Bank, and Karur Vysya Bank may conveniently receive and pay their premiums electronically.
Customers may also easily pay for premiums using Visa Bill Pay with their Visa-enabled credit or debit cards. They only need to sign up on the Visa BillPay website in order to send premium payments to Bharti AXA.
Calculator for Bharti AXA Life Insurance Premiums
Through using a free online premium calculator, you can quickly determine how much of a premium you will be obligated to pay for your Bharti Axa life insurance policy. You may save the effort of making the calculations yourself by using this to get correct results right away. Entering the necessary information in the calculator, such as your age, the amount of the sum guaranteed, the length of the policy, etc., will provide you the information you need to determine your premium amount. This information will be used to compute the results.
Customer service for Bharti AXA Life Insurance
You can get in touch with Bharti Axa Life Insurance in one of the ways listed below:
- Telephone: 1800-102-4444 is the number to call to reach the hotline (Monday – Saturday; 9 am to 7 pm)
- You can contact us by email at email@example.com.
- SMS: Dial 56677 and send a message with the keyword “SERVICE” Website: Additionally, you may register your contact information on the official website’s “Contact Us” page.
- Branch: You can visit the nearest branch to get your issues resolved.
Documents Needed to File a Claim with Bharti Axa Life Insurance
- Authentic Policy connection
- Form of the claimant’s statement.
- Certified death record signed by an authority.
- Evidence of the nominee’s photo ID.
- Evidence of the nominee’s address.
- Passbook from nominee’s bank and a voided check.
- If a death was caused by an accident, homicide, or suicide, a copy of the First Information Report (FIR) should be provided.
- If a death is the result of an accident, homicide, or suicide, a copy of the post-mortem report, if appropriate.
- If relevant, a copy of the medical cause of death certificate is required for non-accidental deaths.
- All medical records, in copy.
Q1. What is life Insurance?
A contract for life insurance is made between the policyholder and the insurer. In exchange for the premiums paid by the policyholder during their lifetime, a life insurance policy promises that the insurer will pay a certain amount to designated beneficiaries when the insured passes away. A crucial investment is life insurance, particularly in tumultuous times like the present. There are three phases to how life insurance works:
A life insurance policy purchase
Purchase the most flexible life insurance coverage possible. Plan duration, premium, riders, and—most importantly—the rationale behind your purchase of life insurance are other considerations.
Paying a premium
It is important to select a premium that is simple for you to pay on time. If all premiums have been paid, the insurers are required by the terms of the life insurance contract to pay you (the policyholder) or your nominee a predetermined sum. Therefore, timely premium payment is the basis for all benefits.
The last step of a life insurance plan involves making a claim to receive insurance benefits.
Your candidate will be qualified to receive the sum promised according to the contract’s definition in the tragic event of your passing. The candidate must submit a claim form along with appropriate supporting papers to get it. The insurance provider releases the benefit to the nominee following claim verification.
Q2. What advantages do life insurance policies offer?
Three key advantages of life insurance are available.
A safety net is provided by purchasing a life insurance policy because life is full of uncertainty. Your insurance company is responsible for paying the predetermined death benefit to your beneficiary or nominee, protecting your family even if you are not around.
If you want to save money for the future, you should think about getting life insurance. The right product aids in methodical saving and the development of a future corpus; the collected money may be applied to your own objectives. Additionally, life insurance policies provide monthly payouts in the form of annuities, making them a fantastic instrument for funding your retirement objectives.
Life insurance companies’ Unit-Linked Investment Plans (ULIPs) are basically financial vehicles. These market-connected goods produce wealth. ULIPs provide high returns on the insurance policy’s premiums paid. The majority of plans offer sizable returns when they mature, which makes them a desirable investment option.
Aside from this, life insurance policies provide a variety of other advantages, such as tax deductions for the premium paid under Sections 10, 80C, and 80CCC of the Income Tax Act of 1961. If necessary, you may also take out a loan against your insurance policy.
Plans for life insurance offer your family and you financial security. Purchasing insurance encourages disciplined saving behavior as well.
Q3. Why take into account Bharti AXA Life Insurance?
Since we provide flexible plans, you should certainly think about purchasing an insurance policy from Bharti AXA Life. You may quickly add riders to your insurance policy and adjust the coverage limits. Your account is accessible from anywhere at any time. Our claim settlement procedure is smooth, with an outstanding claim settlement percentage and a specialised claim manager for the policyholder.
Q.4 Why does Bharti AXA Life provide me a lesser level of life insurance coverage than other life insurance providers?
According to the customer’s economic status and current exposure under whatever insurance coverage they may have, the Sum Assured is calculated.
Q.5 What are the claim rejection causes and the claim settlement ratio?
The proportion of claims settled to claims recorded over the course of the year is known as the claim settlement ratio. Please see https://www.bhartiaxa.com/public-disclosure (Form 39 & 40) for further information in-depth; some of the grounds for claim rejection are stated below.
The concealment of medical difficulties
incorrect age disclosure inaccurate occupation/income
disclosure failure to disclose past insurance
failure to disclose past insurance
Please notice that the list above is only illustrative and not all-inclusive.