Our Verdict
Bharti AXA Life Insurance offers features like waiver of premium on terminal illness and accidental disability, along with accelerated payouts upon terminal illness diagnosis. It provides flexible coverage options, including whole life cover, and discounts for female customers. Their policies are designed for affordable premiums, making them an appealing choice.
Pros
Strong parented support
The joint venture benefits from robust financial backing and strong governance due to the solid support and oversight provided by its parent companies.
Diverse Product Portfolio
Wide range of insurance policies catering to various needs.
Flexible Premium Payment Options
Monthly, quarterly, or annual payments to suit customer preferences.
Pros
Cons
Limited Physical Presence
Fewer branch offices may affect in-person service accessibility.
Potential Premium Costs
Premiums for certain plans might be higher compared to competitors.
Brand recognition
Bharti enterprises has a strong reputation, axa is not as prominent in India, It could impact the company’s recognition.
Cons
Company Stats
Industry Avg.
Bharti AXA Life Insurance
Premium Underwritten
Industry Avg.
Bharti AXA Life Insurance
Solvency Ratio
Rating 6.6/10
About the Company
Bharti was founded in 1976, by Sunil Bharti Mittal. The company has started its journey in the business of manufacturing bicycle parts. It has evolved into one of the most prominent conglomerates in business groups in India. The group has created world class businesses such as telecommunications, insurance, food.
Bharti AXA life insurance is a joint venture between Bharti enterprises and AXA was established in 2006, the joint venture focuses on offering a variety of policies including traditional, term, unit linked and saving plans.
Bharti AXA General insurance: It is another entity under the joint venture focusing on general insurance products such as health, travel and home insurance.
KYC Documents Required
Pan Card No.
Aadhar Card
Recent Photograph
Cancelled Cheque with Name Printed
Bank Statements
Salary Slip of Latest 3 Months
Covid Vaccination
Claim Settlement
Claim Procedure
Renewal
Online Renewal
Offline Renewal
Key points to remember during Renewals
Customer Support
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Toll Free - 18001024444,
E-mail - service@bhartiaxa.com