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Bharti AXA Life Insurance Plans for Financial Needs
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About Bharti AXA Life Insurance
*As per annual audited figures submitted to IRDAI for individual death claims for FY 2021-22
What Our Customers Say
I am thrilled with the service and personal attention given by the Bharti AXA Life team. I am happy to share that I hold three new Bharti AXA Life ...
Dattesh Gor
Extremely impressed with the efficient follow up of refund status and the smooth experience while purchasing a new policy.
Rajesh Jain
I was worried for my family protection so I have decided to purchase Term plan, I connected to Bharti axa associate and got best experience, Purcha...
Yogesh Kumar
Answering Your Queries
What is Life Insurance?
Life insurance is a contract between an insurer and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime. Life insurance is a key investment, especially in uncertain circumstances, like the present. Life insurance policies work in three stages :
- Purchasing a life insurance policy
Buy the best life insurance policy that offers flexibility of benefits. Other factors to consider are plan tenure, premium, riders, and, most importantly, the reason you are buying life insurance.
- Premium payment
It is advisable to choose a premium that you can easily pay on time. As per the life insurance contract, the insurers promise to pay a pre-decided amount to you (policy holder) or your nominee, provided all premiums have been paid. All benefits then are based on timely premium payment.
- Filing a claim
The last stage of a life insurance plan is related to filing for a claim to get insurance benefits.
In case of your unfortunate demise, your nominee will be eligible for the sum assured as defined in the contract. To get it, the nominee has to submit a claim form along with various documents. Upon verification of claim, the insurance company releases the benefit to the nominee.
For life insurance plans with a return of premium, a total of all premiums is paid back if the insured survives the policy term, which can be a great financial aid in the short or long term.
What's the claim settlement ratio and the reasons for claim repudiation?
Claim Settlement ratio is the ratio of Claims Settled against claims reported during the year. For detailed information, please refer http://www.bharti-axalife.com/public_disclosures.aspx (Form 39 & 40); some of the reasons for claim repudiation are as listed below
- Disclosure of medical adversities
- Incorrect disclosure of Age
- Incorrect disclosure of occupation/income
- Non –disclosure of previous insurance
- Fraud
Please note: The above-mentioned list is only indicative and not an exhaustive list.
How do I know my ideal Sum Assured?
The ideal income for your chosen Sum Assured is shown in the premium box. Depending on your income status you can either increase or decrease your Sum Assured.