Taking into consideration the various financial goals and diverse needs of an individual, a wide array of life insurance policies are offered by Bharti AXA. The various policies of Bharti AXA provide solutions to maximize savings, planning children’s future, retirement planning, such other goals. Under the group insurance plan, the company, Bharti AXA provides an option to the employers who want to deliver a life insurance vehicle to their employees in order to help them meet their insurance objective and satisfy long term financial needs. Some of the major individual and group plans of the company are discussed below.
Protection plans are also called term plans which ensure financial support to the family of the life insured in case of death or permanent disability and it does not contain investment benefits like the traditional plans of various companies. Due to this reason, these plans are cheaper than the traditional plans. Claims are allowed only in the circumstances of death of the life insured. Currently, Bharti AXA offers two such plans which are discussed below:
Bharti AXA offers great savings and investments plans which render a safe and secure platform to invest the savings and get competitive returns. The plans offer various benefits like guaranteed interest payments, maturity benefit, market linked plans that provide higher returns, etc. The two plans offered by Bharti AXA are, Bharti AXA Life Future Invest Plan and Bharti AXA Life eFuture Invest Plan. In these plans one can invest for any amount of money for ten years. The investment will be market linked and likewise return will be high.
Group plans are devised basically to guard a group of people under a single product by the way of a single vehicle which is made for the group rather than an individual. The various group plans by Bharti AXA are:
The claim settlement of Bharti AXA life insurance was 88.13% in FY 2013-14 and 80.90% in FY 2014-15, which can be termed a good claim settlement ratio.
The status of Bharti AXA life insurance policy can be checked anytime online by just visiting the official website of the company. For doing this one needs to enter respective policy details like policy number and date of birth of the life insured.
For the convenience of the customers, Bharti AXA provides the facility of payment of premium online which can be done in any of the ways described below:
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