Nine Ways Bharti AXA Life Insurance Can Help You Secure a Comfortable Life for Your Loved Ones

Nine Ways Bharti AXA Life Insurance Can Help You Secure a Comfortable Life for Your Loved Ones

The insurance industry has been gradually growing in India, with a 4.2% national penetration recorded in the financial year of 2021. Of this, 3.2% is accounted for by life insurance plans, and the remaining 1% is what non-life insurance plans constitute. In monetary terms, the insurance density of our nation was an impressive USD 78 in 2021.

A life insurance policy contractually binds the insurance service provider and the policy holder. It is a guarantee that the beneficiaries chosen by the policy holder will receive a sum of money, as a lump sum or periodically, upon the death of the insured. In addition to purchasing a plan that provides a good cover, it is important to choose an insurance company that can be trusted and relied upon.

Given the trend of greater insurance penetration, it becomes important to know how exactly a life insurance policy can make one’s life better. This article talks about the different ways in which purchasing a Bharti AXA Life Insurance can help you secure a comfortable life for your loved ones.

They help provide financial protection

Nobody can predict the duration or quality of human life in the future. However, this does not necessarily mean you should wake up with absolutely no security for the future. For the breadwinners of families, this can prove to be especially difficult. A life where your dependants do not have your income to rely upon. You can beat this fear by purchasing a Bharti AXA life insurance policy. In doing so you will be ensuring that even in the event of an unexpected event like death, your dependants are always financially protected.

They help create a retirement corpus

It is often forgotten that life insurance policies are not just a contingency plan for death in the future. It is also a great means to accrue long-term savings and enjoy the benefits of the same in your old age. During the course of the policy, the premiums you pay will build a corpus that can be used in the future. It is to be remembered that in the event that you outlive the policy duration, you can claim the entire corpus that has been building up over the years. Furthermore, Bharti AXA life insurance plans also come with pay-outs on the regular, making it the perfect tool to plan a comfortable retirement.

They help you invest wisely

Not many people know this, but getting a life insurance from Bharti AXA Life Insurance is the right choice. They provide different types of life insurance plans, of which one is the Unit-Linked Investment Plan(ULIP). This is an insurance- cum- investment plan. How it works is that a portion of the premium paid goes towards insurance cover (as with all insurance plans), but the remaining portion is invested in the market. Thus, in addition to helping you build a corpus, Bharti AXA life insurance plans also help you earn as you save. Upon maturity of the plan, you can receive these returns and live through your retirement peacefully. However, one must always bear in mind that Unit Linked Life Insurance products are different from the traditional products and are subject to market risks, and the investment risk in the investment portfolio is borne by the policyholder.

They help you save on tax

Payment of taxes is the duty of every citizen of the nation. However, even the government recognizes that the common man deserves to avail some deductions as they pay their taxes. This is why the Income Tax Act, 1961, the law that governs income tax in India provides for certain deductions from taxable income. Purchasing a Bharti AXA life insurance policy will make you eligible to such deductions on the premium paid under the Sections 10, 80C and 80CCC of the Income Tax Act. In other words, in addition to being a savings plan, and an investment plan, a life insurance form us also doubles up as a source of cutting costs. However, please note that tax laws are subject to change from time to time.

They provide you with reassurance

By purchasing Bharti AXA life insurance, you are saying yes to a life lived with reassurance of security in the future. In addition to having a very high Claim Settlement Ratio, they also have assets under management worth Rs 10,000 Crore as of October 2021, that make them a financially sound company to purchase your insurance from. They have the means to settle your claims, and protect your loved ones just as you intended.

They are present across the nation

Accessibility is one of the major ways in which purchasing a Bharti AXA life insurance can change your life and that of your loved ones for the better. They have 254 offices (as on January 31, 2022), across the nation that are open to customers and always willing to help. If your beneficiaries do not live in the same city/town as you do, but you want to provide for them, don’t you worry, they can reach out to their nearest office for assistance. They believe that geography should be the last thing that keeps you from ensuring a comfortable future for your loved ones.

They help you access benefits online

One of the major apprehensions the common man express about life insurance policies is that the paperwork and process is cumbersome. And nobody has the time to wait all day at the office of an insurance company to purchase an insurance plan or file claims under it. With Bharti AXA life insurance plans, you will not have to worry about that at all. You can access your account using the internet anytime, and from anywhere. They have a dedicated customer support team that works round the clock to help customers navigate the various processes, and guide them to make use of the online facilities.

They help prepare customized plans

One’s life changes so drastically in just a matter of months. Take the COVID-19 pandemic, for instance, nobody ever thought there would come a day when lockdowns and face masks would be the norm, but here we are. Similarly, in life you will come across fluctuations in income and liabilities. If your life insurance policy is stagnant and does not provide room for adaptation to changing needs, it will not be effective. Bharti AXA life insurance policies are flexible. You can change the coverage amount depending on the facts and circumstances, and add riders to the plan, depending on need. All of these processes can be easily done online in a matter of minutes, and our gracious customer support team will guide you through the process, if you need help.

They will not leave you hanging

If there is one thing, they can assure you of, it is that you can trust them. Don’t take their word for it, let the numbers do the talking. The has a stellar Claim Settlement Ratio (CSR) of 99.05% for the year 2020-2021, as per annual audited statistics submitted to IRDAI for individual death claims. CSR refers to the number of claims that have been settled in a year to the number of claims that were raised in a year. Their CSR reflects that for every 100 claims raised in the year 2020-2021, they settled 99 claims completely. In addition to this impressive CSR score, they also take pride in their claims process, which has been fine tuned to provide the best customer experience. Any hiccups you face during the claims process can be brought to the notice of their team, who will address and resolve it at the earliest.

How to secure this comfortable life?

Now that you know the many ways in which a Bharti AXA life insurance can help you secure a comfortable life for your loved ones, let is look at the steps involved in this process.

Purchase the policy of your choice

Bharti AXA provides life insurance plans that can be customized to suit your specific needs and wants. The very first step is to go ahead and make the purchase of the Bharti AXA life insurance policy that best suits you.

Premiums to be paid periodically

The second step to securing a comfortable life through Bharti AXA life insurance is to ensure that you make the premium payments in a timely manner. Choose a premium amount you can afford, and choose the frequency with which you would be able to make such payments. This way, you will not default on the premium payments, which could lead to discontinuation of the policy. Remember that in the event you outlive your policy, you will be eligible to receive the entire premium amounts you’ve paid for the duration of the policy.

Raise your claims with us

Once you have the Bharti AXA life insurance policy of your choice, and have made timely premium payments, you become eligible to file claims with us under your policy. The claim process is a simple four-step process. Firstly, a claim form should be submitted with your claims. Secondly, submit all documents required for making claims. Thirdly, they will verify the documents submitted. And lastly, you will receive the benefits that the insured had nominated you for.


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The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale.
Make responsible financial decisions. Consult with your financial advisor before making any decisions on insurance purchase.

Suggested Plans

Bharti AXA Life Guaranteed Wealth Pro

  • A non-linked, non-participating individual savings life insurance plan
  • Flexibility to choose the payout structure
  • Multiple income options
  • Option to receive tax free income beginning from the second policy year itself
  • Option to get lifelong income along with life cover till 100 years of age

Bharti AXA Life Super Series

  • A non-linked non-participating individual life insurance savings plan
  • Range of investment duration and returns
  • Guaranteed money back benefits (provided policy is in force and all due premiums have been paid)
  • Income tax benefits (as prevailing tax laws in India that are subject to changes)

Bharti AXA Life Shining Stars

  • Non-linked, non-participating limited pay endowment Life Insurance plan
  • Designed to take care of the financial needs of your child.
  • Flexibility to opt between 2 Maturity Payout Options
  • Flexibility in Policy Term/Premium Payment Terms
  • A great short-term investment option for a child insurance policy.