Bharti AXA Life Insurance: Best Plans & Benefits

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Bharti AXA Life Insurance policy is one of the leading providers and best known for its flexible products. The policyholder can alter coverage limits and include riders with your insurance policy anytime. With an impressive claim settlement ratio and seamless claim settlement process.

Here is a read which talks about the top offerings of Bharti AXA Life Insurance along with their key features.

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Highlights
Types of Bharti AXA Life Insurance Policies
How to Buy Bajaj Allianz Life Insurance Policies Online?
What is the Claim Settlement Process of Bharti AXA Life Insurance?
Whom to Connect with for Bharti AXA Life Insurance Policies?

Highlights

Claim Settlement Ratio: 99.09% (FY 2021-22).

Benefits: Flexible products, multiple options for income payouts.

Network: 254 branches

Total Policyholders: More than 22 lakh

Riders: Hospital cash, premium waiver, term rider, Accidental death benefit rider.

Types of Bharti AXA Life Insurance Policies

Savings Plans

Bharti AXA Life Smart Invest Guaranteed Plan

Key features:

Guaranteed returns at the time of maturity.
Option to choose from two plan variants.
Flexibility in selecting policy terms and premium payment terms.
Offers life coverage along with maturity benefits.
Option to include spouse under the same policy.
Option to enhance coverage via riders.

Bharti AXA Life Guaranteed Wealth Pro

Key features:

Lifelong income payouts till the age of 100 years.
Guaranteed returns at the time of maturity.
Flexibility to select the payout structure and date.
Offers life coverage along with maturity and survival benefits.
Option to enhance coverage via riders.

Bharti AXA Life Shining Stars

Key features

Flexibility in selecting policy terms and premium payment terms.
Ensured to safeguards the child’s future requirements if something unfortunate happens to the policyholder.
Flexibility to opt between two maturity payout options.
Entry age is 18 years to 60 years.
Option to enhance coverage via riders.

Bharti AXA Life Super Series

Key features:

Offers guaranteed income which increases every year through-out the payout period.
Guaranteed money back benefits as survival benefits.
Option to enhance coverage via riders.

Bharti AXA Life Guaranteed Income Pro

Key features:

Four income options to choose.
Guaranteed 10% addition of annualized premium from first year of policy.
Get all your premiums back at the end of the payout period under the “return on premium” feature.
Flexibility in selecting policy terms and premium payment terms.

Bharti AXA Life Super Endowment Plan

Key features:

Flexibility to select from ten different premium payments.
Guaranteed benefits in the form of accrued loyalty additions.
Offers death benefits along with maturity and survival benefits.
Option to select “Extended Life Cover benefit” at the starting of the policy.
Option to enhance coverage via riders.

Term Insurance Plans

Bharti AXA Life Flexi Term Pro

Key features:

Offers two options: Without Return of Premium (RoP) and With RoP.
Option to include spouse under the same policy.
Flexibility in selecting policy and premium payment terms.
Whole life coverage up to 99 years.
Option to increase life coverage.
Entry age is 18 years and 65 years.
Minimum sum assured is INR 25 lakh.

Bharti AXA Life Saral Jeevan Bima Yojana

Key features:

Pure and standard term plan.
Receive double of the sum assured amount in case of accidental death.
Get this plan without any medical screening.
Flexibility to choose from four policy terms, which are 10, 15, 20, and 25 years.
Entry age is 18 years and 55 years.
Minimum sum assured is INR 50,000.

Bharti AXA Life Flexi Term Plan

Key features:

Death benefit along with bonus.
Multiple death benefit payout options.
Optional critical illness benefit.
In case of any of the listed critical illnesses, the future premiums will be waived off under waiver of premium option.
Option to enhance the coverage via riders.

Bharti AXA Life Grameen Jeevan Bima Yojana

Key features:

Low-cost pure term insurance plan comes along with RoP option.
Get this plan without any medical screening.
Flexibility to choose premium payment and policy terms.
Entry age is 18 years and 65 years.
Sum assured ranges from INR 10,000 to INR 2 lakh.
There is no maturity benefit.

Investment or Unit-Linked Investment Plan

Bharti AXA Life Wealth Pro

Key features

Two variants: growth variant and legacy variant.
Option to choose from two investment strategies.
Receive wealth booster along with maturity benefits.
Entry age is eight years and 65 years.
Minimum yearly premium is INR 25,000.

Bharti AXA Life Grow Wealth

Key features

Multiple fund options with no premium allocation charges.
Option to include your spouse in the same plan.
Flexibility in choosing investment tenure.
Receive loyalty additions from the sixth year of the policy.
Policy administration charges for a restricted time-frame.
Policyholder has the option to extend the coverage

Bharti AXA Life Future Invest Plan

Key features

No premium allocation charges.
It is a limited premium payment plan.
Allows to withdraw partially.
Entry age is 18 years to 59 years.
Policy term is 10 years.
Offers death and maturity benefits.

Retirement Plans

Bharti AXA Life Guaranteed Wealth Pro

Key features:

Option to select the payout date and structure.
Receive tax-free income from the second year of policy.
Option to receive whole-life income till 100 years of age.
Guaranteed returns along with life insurance cover and survival benefits.
Option to avail “return of premium” feature.

Bharti AXA Life Swabhimaan Retirement Plan

Key features:

Guaranteed lifelong regular income flow.
Flexibility to choose from several annuity options.
Option to decide from when to start annuity payouts.
Entry age is 45 years to 85 years.
Modes of annuity payment: monthly, quarterly, half-yearly and yearly.
Flexibility to withdraw a portion of the surrender value.

Bharti AXA Life Saral Pension

Key features:

Guaranteed fixed income for whole life up to 100 years.
Multiple options for annuity payouts.
Single premium payment policy.
Option to include spouse under the same plan.
Entry age is 40 years to 80 years.

Child Education Plans

Bharti AXA Life Child Advantage

Key features:

Comprehensive coverage to your child in case of the unfortunate death of the main life insured.
Guaranteed payouts with dual options at the time of maturity.
Options to receive returns whether lump sum or regular.
Provides “premium waiver benefit” where all the future premiums get paid-off in case something unfortunate happens to the main life insured.
Entry age is 18 years to 55 years.
Minimum sum assured is INR 25,000.

Bharti AXA Life Elite Advantage

Key features:

Guaranteed lump sum benefit at the time of maturity, paid at the end of 20th year from the policy date.
Guaranteed additional benefits at regular intervals.
Receive life insurance coverage as death benefit.
Multiple premium payment terms such as five, seven, and 12 years.
Entry age is eight years to 65 years.

How to Buy Bajaj Allianz Life Insurance Policies Online?

The Bharti AXA Life Insurance policyholders can seamlessly buy or renew their insurance policy online via their website. Below mentioned is the step-by-step process which can be followed to purchase these policies online:

Visit the official webpage of the company and click on the tab “buy life insurance policies”.
If you are an existing customer, then you can directly log in by mentioning your registered user id. However, a new customer has to mention their full name and mobile number and then can proceed further.
Select the kind of policy you would like to buy such as term insurance, retirement plans, savings plan among others.
Once you have selected the type of policy, fill-in all the required details such as full name, date of birth, pin code, e-mail id, age, gender.
The policyholder can also use an online insurance calculator to look for more options and then can finally take a call.
Once you have selected the policy and fill in all the details, proceed to buy it online via website. Premium can be paid online via credit/debit card or e-wallets, net banking among others.
Please check all the details of the purchased online insurance policy as soon as you receive it.

What is the Claim Settlement Process of Bharti AXA Life Insurance?

Bharti AXA has one of the highest claim settlement ratios (99.09%) in the industry. The company also endeavored to settle the claim as quickly as possible. Let’s see the claim process of Bharti AXA:

Step 1: At first, the company takes a note of claim by the policyholder and gets it registered with themselves by a quick submission of a claim authorization form. For this a policyholder either can visit their nearest branch and can contact them via email: lifeclaims@bhartiaxa.com
Step 2: At this step, the claim raised gets evaluated by the claim specialist designated by the company. The team might reach out for further information or documentation, if needed.
Step 3: Here, if everything goes right, the company starts processing the claim within five working days.

Whom to Connect with for Bharti AXA Life Insurance Policies?

As we have already mentioned the online process of buying a policy, you can also buy or renew your policy by directly connecting with the company. Following is the details of their respective customer care:

Helpline Number 1800-102-4444 Helpline Number 1800-102-4444 E-mail service@bhartiaxa.com Head Office Address

Bharti AXA Life Insurance Company Limited

UNIT NO. 1904, 19th floor ‘G’ BLOCK,

Bandra Kurla Complex, Bandra (East)

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FAQs How We Work

If I have a term plan from a different insurer, can I still buy another one from Bharti AXA Life insurance?

Yes. You can purchase a term plan with Bharti AXA Life Insurance. Even if you already have a term plan from another insurance provider.

Why should I consider Bharti AXA Life Insurance?

One can definitely consider buying an insurance policy from Bharti AXA Life. The policies are very flexible in nature which allows you to easily change your coverage limits and include riders within minutes.

What are the options to pay my renewal premiums?

Under Bharti AXA, the premiums can be paid online and via offline mode. The policyholder can select the ‘quick pay’ option on the website, for fast renewals

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