Bharti AXA Term Insurance FAQs

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.

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.

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.

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.

Typically, the nominee in Bharti AXA term insurance is a close relative. Preferably, it is the next of kin.

In the case of Bharti AXA term Insurance claim, you can track the claim status online.

The nominee/claimant will receive the money from Bharti AXA term Insurance directly into their bank account.

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.

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.

Yes, the maximum age at maturity of a Bharti AXA term insurance policyholder, should not exceed 75 years.

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.

The policyholder of a Bharti AXA term insurance plan can opt to pay annual, half-yearly, quarterly, or monthly instalments.

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.

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.

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.

Yes, you can buy Bharti AXA term insurance plans directly from the website of Bharti AXA Insurance in a few minutes.

It depends on your choice, but it is advisable to avail the benefits offered by Bharti AXA Term Insurance riders.

Factors like the type of plan, insurance amount, policy term, age, and gender affect the premium amount of Bharti AXA Term Insurance.

The monthly payment option in Bharti AXA Term Insurance for premium is the ideal option for a salaried person.

Yes, the premium amount increases with the inclusion of every additional rider in the Bharti AXA Term Insurance term plan.