Bharti AXA Life Insurance Claim Settlement
Bharti AXA Life Insurance offers a customer-friendly process of claiming insurance proceeds. There are different types of insurance claims, like death claim, rider claim, hospitalisation claim, and group death claim. The procedures involved in all these claims are the same. It comprises a four-step process of intimation, processing, document uploading, and claim decision. Bharti AXA Life Insurance offers the facility to register your insurance claims online and offline, depending on your convenience. Bharti AXA Life Insurance Company's claim settlement ratio for the FY 2020-21 is 99.05%.
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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.