Advisor

You should definitely consider getting an insurance policy from Bharti AXA Life as we provide flexible products. You can easily change your coverage limits and include riders with your insurance policy in minutes. You can access your account anytime from anywhere. With an impressive claim settlement ratio and dedicated claim handler for the policyholder, our claim settlement process is seamless.

At Bharti AXA Life Insurance, your cover is based on a careful assessment of your income, health, and risk profile. Since underwriting varies across insurers, coverage may differ—but it’s designed to be responsible and aligned with your long-term financial security.

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.

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.