Bharti AXA Life Insurance FAQs

Yes, the premium amounts change when the policyholder decides to include the rider benefits in the Bharti AXA Life insurance policy.

Yes, the option of multiple nominees is available, and they can be included in the policy by contacting the service department. In case a person has mentioned any nominee who is minor, then an appointee must be mentioned for him/her as well.

It depends on your convenience. However, the annual premium amount comes at a discounted rate, but it has to be paid in advance. The monthly payment is also a convenient payment mode if you do not have a considerable amount of money to spare.

Bharti AXA Life Insurance term insurance enables you to go for a high sum assured with low premiums. On the other hand, an endowment policy entitles you to receive attractive bonuses apart from the sum assured at the time of maturity. Depending on your requirements, both term insurance and endowment policies are beneficial.

Policyholders can name any person as a nominee. However, the nominee is generally a close relative, preferably the next of kin.

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.

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.

Generally, Bharti AXA Life Insurance honours life insurance claims within five days. However, claims requiring further investigation can take a maximum of four months.

Bharti AXA Life Insurance offers online insurance premium payment. It also provides the facility to pay your premium over the phone. The Auto Debit facility and the option to pay by cash or cheque are the other alternate modes of insurance premium payment.

Bharti AXA Life Insurance boasts of a high claim settlement ratio of 97.40% for the FY 2019-20. It signifies that the company honours its insurance claims with the best interests of its customers in mind.

Bharti AXA Life Insurance offers five different types of riders, depending on the type of insurance plan you purchase. They include Term rider, Premium Waiver rider, Hospi Cash benefit rider, accidental death benefit rider, and group accidental benefit rider.

Bharti AXA Life Insurance offers excellent services to the Armed Forces by minimising the documentation requirements, simplifying the claims procedures, and hastening the processing of death claims.

Bharti AXA Life Insurance offers five different types of additional riders such as life term rider, premium waiver rider, Hospi cash benefit rider, accidental death benefit rider, and group accidental benefit rider.

The Bharti AXA Life Insurance Flexi term policy excludes suicides committed in the first year of the policy.

Yes, Bharti AXA Life Insurance allows you to nominate any person (preferably the next of kin) to receive the insurance proceeds in your absence.

If you have a minor as a nominee, you should appoint a major to receive the amount on behalf of the minor. In the case of multiple nominees, you should contact the servicing department to do the needful.

The necessary information is the same. However, there can be minor changes regarding the selection of the plan type and policy term, depending on the product you select.

The premium amount after the policy has lapsed (i.e. premium was not paid before the due date or even during the grace period) will include the 8% rate of interest on the original premium amount.

The younger you are, the better it is. You can select a long-term policy and a more substantial sum assured for a lower premium amount.

It depends on your choice. You can select between monthly, quarterly, semi-annual, annual or a single payment, depending on the product you choose.