The process of life insurance can be intimidating but do not worry! In this comprehensive guide, we will go through the basics and explore the many advantages of having a Bharti AXA life insurance plan for you and your loved ones.
Can I Get a New Life Insurance Policy If I Already Have One?
The short answer is definitely yes! even if you already have a life insurance plan with another provider and you are free to buy a new policy from Bharti AXA Life Insurance. Make sure to share your current coverage details during the application process.
The Three Stages of Life Insurance
Knowing the life insurance journey will help you to make the right decisions.
1. Purchasing the Policy
This is the step where you research and choose the best life insurance plan that suits your needs. Take into account aspects such as policy period, premium, extra riders, and your main purpose for getting coverage.
2. Paying the Premiums
Pick the premium amount that you can comfortably pay and pay it on time. This guarantees that the insurance company fulfills its obligations and gives the promised benefits.
3. Filing a Claim
When the unimaginable happens and your designated beneficiaries will have to fill in a claim form and provide supporting documents. The insurance company will next verify the claim and pay the benefits to your beneficiaries.
3 Major Advantages of Life Insurance
Protection
Life is full of uncertainties and life insurance is a safety net for your family. When you are gone and the insurance company will pay the predetermined death benefit to your beneficiaries and guarantee that they will be taken care of.
Long Term Savings
Some life insurance products such as Bharti AXA Life’s Guaranteed Wealth Pro give you a systematic way of accumulating a financial corpus that can be used for your life goals or retirement.
Investment
Unit Linked Insurance Plans (ULIPs) are primarily investment instruments that have the potential to generate significant returns on the premiums you pay.
Beyond these key benefits, life insurance offers tax advantages and the ability to take a loan on your policy if you have to.
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Bharti AXA life insurance – Why Choose?
Bharti AXA Life Insurance is a top choice for your life insurance needs and offers several key advantages
Flexible Products
They provide you with the option to customize your coverage limits and add riders as your situation demands. This helps to keep the policy in sync with your varying needs over time.
Seamless Online experience
Bharti AXA Life Insurance company’s user-friendly website makes it super easy to manage your policy. This way you will be able to track your application status with a few simple clicks.
Impressive Claim Settlement
Bharti AXA Life is famous for its high claim settlement ratio and the claim handling team which is committed to the problem-free claim process for the policyholders.
Tracking Your Proposal Status
In case, you purchased your policy online and you can track its status by visiting the Bharti AXA Life website, clicking on the “Quick Links” page and selecting “Resume/Track application.”
Just enter the product name and quote number in the blanks to get the latest updates.
On the other hand, you can also contact their customer care service using phone and SMS or e-mail to inquire about your policy status.
The Claims Process Made Easy
Filing a claim with Bharti AXA Life Insurance is straightforward. The mandatory documents required in the event of a natural death claim include:
• Original policy bond (or an indemnity bond if the original is unavailable)
• Copy of the death certificate
• Life assured’s (deceased’s) KYC documents
• Nominee’s PAN card/Form 60 and KYC
• Nominee’s bank account details
Depending on the circumstances, you may need to provide additional documents such as medical records or a copy of the FIR and post-mortem report.
To get started, simply visit the Bharti AXA Life website and click on “Quick Links then go to the “Claim Centre” to register your claim.
You can upload all the necessary documents right there and the Bharti AXA Life team will handle the rest.
Bharti AXA Life Insurance Policy Details – Product Offerings
Bharti AXA Life insurance offers a diverse range of life insurance plans to cater to various needs. Here are a few standout options of the Bharti AXA life insurance policy details:
Bharti AXA Life Flexi Term Pro
- A non-linked and individual and non-participating pure risk premium life insurance policy
- Offers options with and without return of premium
- Flexible policy and premium payment terms
- Covers single-life or joint life
Bharti AXA Life Guaranteed Wealth Pro
- Provides a flexible payout structure and multiple income options
- Offers tax-free income from the second policy year
- Lifelong income with life cover until age 100
Bharti AXA Life Shining Stars
- A non-linked and non-participating limited pay endowment life insurance plan
- Offers flexibility in maturity payout options and policy terms
- Serves as a short-term investment option for child insurance
These are just a few examples of the comprehensive life insurance solutions offered by Bharti AXA Life.
each plan is tailored to meet specific needs and preferences ensuring you and your family are financially secure and protected.