Bharti AXA Term Insurance FAQs
Claim Settlement Ratio | 99.05% |
Customer Care | 9:00 AM - 7:00 PM |
Inception | 2006 |
Policies Sold | 1,285 Policies |
Presence | 263 Branches |
Total Death Benefit Paid | Rs. 61.56 Crore |
Term Life Insurance Premium Calculator
Gender
- Male
- Female
Date of Birth
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Choose required coverage to secure your family’s future
Best Bharti AXA Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Benefit
How can I track the status of my Bharti AXA term insurance plan?
To track your Bharti AXA term insurance policy status, just visit the website of the Bharti AXA life insurance company and go to the policy tracker page. After this, you will have to enter your term insurance policy number, contact details, date of birth, and then click on the ‘Submit’ button to get the status of your policy.
How is the premium for my Bharti AXA term insurance plan calculated?
The term insurance premium amount is calculated on the basis of several factors which comprise age, gender, occupation, lifestyle habits, and so on. Also, it is recommended to purchase term insurance plans at a young age because the premium amount of term insurance plans increases with age.
Why should I buy my Bharti AXA term insurance plan online?
You should buy your Bharti AXA term insurance policy online as it is a cost-effective and time-saving method. However, since middlemen get removed from the purchase process under the online mode, therefore, it becomes economical there and buying at a click saves your time as well.
How can I pay my premium online for my Bharti AXA term insurance policy?
You can pay the premium of your Bharti AXA term insurance plan by visiting its official website and choosing the ‘Pay My Premium’ option. After this, you will have to enter your term insurance policy number and date of birth and click on the ‘Next’ tab. Select the premium payment option like net banking, debit card, etc., and pay the premium.
Claim Settement
Who can be a nominee in a Bharti AXA term insurance policy?
Typically, the nominee in Bharti AXA term insurance is a close relative. Preferably, it is the next of kin.
How will you know the status of the Bharti AXA term insurance claim?
In the case of Bharti AXA term Insurance claim, you can track the claim status online.
Who will receive the claim money from Bharti AXA term Insurance?
The nominee/claimant will receive the money from Bharti AXA term Insurance directly into their bank account.
Can a Bharti AXA term Insurance policy claim be rejected?
Yes, Bharti AXA Life Insurance Company can reject a claim for a term insurance plan, if the nominee does not provide the right information, or if there is any concealment of information at the time of applying for the policy that serves as a disqualification.
Over View
What are the minimum and maximum terms for which one can purchase a Bharti AXA term insurance plan?
The minimum policy term is ten years, and Bharti AXA Life Insurance offers the option to extend the term insurance plan for up to 35 years.
Is there any maximum age at maturity in a Bharti AXA Life Insurance term insurance plan?
Yes, the maximum age at maturity of a Bharti AXA term insurance policyholder, should not exceed 75 years.
Does the gender of the assured person affect the term plan?
Yes, the gender of the assured person determines the cost of the term policy based on risks. In short, it is a risk-rating component which is considered along with other factors.
What are the Bharti AXA Term Insurance premium payment frequency modes?
The policyholder of a Bharti AXA term insurance plan can opt to pay annual, half-yearly, quarterly, or monthly instalments.
Plans
What will happen if the nominee of the term insurance dies too?
In a situation where the nominee, claimant or beneficiary also dies after the demise of the policyholder, without taking the claim amount, in such a case, the policy benefits are to be received by the legal representative of the policyholder, or his or her heir or successor.
Can I own more than one term insurance plan?
Yes, you can purchase and possess multiple term insurance policies to protect your loved ones or family. In addition to this, you are free to either buy different term insurance plans from a single insurer or from different insurance companies.
Can I earn tax benefits with my term insurance policy?
Yes, the term insurance policies provide the tax benefits with deduction in tax on the premium amount as per Section 80 C of the Income Tax Act, 1961. You can claim tax deductions on the term insurance premium paid for up to Rs 1.5 Lakh.
Are Bharti AXA Term Insurance plans available online?
Yes, you can buy Bharti AXA term insurance plans directly from the website of Bharti AXA Insurance in a few minutes.
Premium Calculator
Should you opt for the individual riders offered by Bharti AXA Term Insurance?
It depends on your choice, but it is advisable to avail the benefits offered by Bharti AXA Term Insurance riders.
What factors determine the Bharti AXA Term Insurance premium calculation?
Factors like the type of plan, insurance amount, policy term, age, and gender affect the premium amount of Bharti AXA Term Insurance.
Which is a better Bharti AXA Term Insurance premium option for a salaried person?
The monthly payment option in Bharti AXA Term Insurance for premium is the ideal option for a salaried person.
Does the inclusion of riders change the Bharti AXA Term Insurance premium amount?
Yes, the premium amount increases with the inclusion of every additional rider in the Bharti AXA Term Insurance term plan.
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 80 Lacs+ happy customers