Bharti AXA Life Insurance Benefits
Bharti AXA Life Insurance is an insurance conglomerate between two of the topmost business groups, Bharti Group and AXA, a Paris-based insurance behemoth. This joint venture was incorporated in the year 2009 to coincide with the second wave of the privatisation of the Indian insurance sector. Bharti AXA LifeInsurance offers a significant range of insurance products to suit the requirements of its clientele. These plans include protection plans, investment plans, savings products, group insurance plans, health insurance, and insurance products to cater to the Armed Forces.
Bharti AXA Life Insurance Benefits
Bharti AXA Life Insurance offers an incredible range of benefits to rank as one of the most popular insurance service providers in India.
1. Fulfils Consumer’s Requirement: Bharti AXA Life Insurance offers several life insurance products such as term insurance, savings, investment, health, group and micro life insurance plans. These life insurance plans are designed to cater to every individual’s needs. One can choose a life insurance plan that best suits his/her requirements and fits their budget.
2. Customer-Friendly Services: Purchasing a Bharti AXA LifeInsurance policy is a customer-friendly process. Customers can buy their policies online and pay their premiums online, as well. Besides, they can approach the company’s service network and satisfy their requirements.
3. High Claim Settlement Ratio: Bharti AXA Life Insurance has a claim settlement ratio of 97.4% in the financial year 2019-20, one of the best in the country. The claim settlement ratio is a measure of the insurance company’s success and shows its deep-rooted commitment towards its customers.
4. Multiple Premium Payment Modes: Besides offering the facility to customers to pay their insurance premia online, Bharti AXA Life Insurance offers other modes like ‘Auto Debit,’ ‘Standing Instruction,’ ‘Cash or Cheque’ payments, etc.
5. Robust Customer Service: Bharti AXA Life Insurance is customer oriented. The insurer strives to provide a robust experience for its customers. The customer assistance team at Bharti AXA Life Insurance provides seamless assistance to solve any life insurance related query.
6. Availability of Remarkable Riders: Bharti AXA Life Insurance offers the facility to the policyholder to include special riders that allow additional benefits under specific circumstances.
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FAQs
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Who can be a nominee in a Bharti AXA Life Insurance policy?
Policyholders can name any person as a nominee. However, the nominee is generally a close relative, preferably the next of kin.
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Can Bharti AXA Life Insurance reject an insurance claim?
Yes, Bharti AXA Life Insurance can reject claims if the claimant/nominee has provided incorrect information. Similarly, non-disclosure can also result in a claim rejection.
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If the policy is not assigned, then in what time will the refund be done?
If the policy is not assigned then it takes only 10 working days to process the refund for the premium amount given for purchasing the policy.
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How long does it take for Bharti AXA Life Insurance to honour a claim?
Generally, Bharti AXA Life Insurance honours life insurance claims within five days. However, claims requiring further investigation can take a maximum of four months.