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Bharti AXA Life Insurance
Bharti AXA Life Insurance is a joint venture between the Indian conglomerate Bharti Enterprises and the AXA Group, a multinational investment-banking firm headquartered in Paris. In this joint venture, Bharti owns 74% of the stake and AXA owns the remaining 26%.
Bharti Enterprises is the country's pioneer in the telecom sector under the name of Bharti Airtel Limited. Having customer base over 70 million, it is India’s leading private sector provider of telecommunications services.
It has diversified operations across the world with major operations based out of Europe, North America and the Asia Pacific area.
Bharti AXA Life Insurance Company Ltd makes use of the local knowledge, infrastructure and customer base of the Bharti Enterprises and adapt to AXA's best practice blueprints as a sound platform for efficient and profitable growth.
Bharti AXA commenced its operations in 2006 and has its headquarters in Mumbai. Mr. Sandeep Ghosh is the Chief Executive Officer of Bharti AXA Life Insurance. The company offers a wide range of life insurance and wealth management products to its customers. The company, at present has a distribution network spread around 123 cities across India.
Bharti AXA Life Insurance Plans
|
Bharti AXA Life Plan |
Plan Type |
Minimum Entry Age |
Maximum Maturity Age |
Policy Term |
Minimum Sum Assured |
|
Term Insurance Plan |
18 years |
85 years |
Fixed : 10, 15, 20, 25 years, To Age 75. To Age 60, 65, 75,85 Years |
Rs. 10,00,000/- |
|
|
Bharti AXA Life Elite Secure Plan |
Term Insurance Plan |
18 years |
75 years, 70 years (for 5 years policy Term) |
5, 10, 15, 20, 25 years, To Age 75. |
Rs. 25,00,000/- |
|
Bharti AXA Life Monthly Advantage |
Participating Endowment Plan |
91 days (if you opt for a 24 years policy term) |
84 years |
12, 16, 24 years |
Rs.50,000/- |
|
Bharti AXA Life Elite Advantage |
Non-participating endowment plan |
6 years (for 12 years plan); 8 years (for 10 years plan) |
75years (for 12 years plan); 77 years (for 10 years plan) |
10 years, 12 years |
Subject to underwriting |
|
Bharti AXA Life Future Invest Plan |
Unit Linked Life Insurance Plan |
18 years |
69 years |
10 years |
125% of single premium; 10times annualized premium for 5 years pay term. |
|
Bharti AXA Life Flexi Save |
Participating Traditional Life Insurance Plan |
8 years for 5pay plan; 3years for 7pay plan; 0 years for 12pay plan |
85 years |
20, 25, 30 years |
Subject to Underwriting |
|
Bharti AXA eProtect Plan |
Pure term Plan |
18 years |
Depends on the policy term chosen |
10, 15, 20, 25, 30 years, To Age 60, To Age 65, To Age 70, To Age 75 |
Rs.25,00,000/- |
|
Bharti AXALife Child Advantage |
Non-linked Participating Child Insurance Plan |
18 years |
71 years for regular pay ; 76 years for limited pay |
11 – 21 years |
Rs. 25,000/- |
|
Bharti AXA Life eAjeevan Sampatti+ |
Participating Whole Life Limited pay Life Insurance Plan |
91 days |
85 years or 100 years (based on the policy term chosen) |
To Age 85 ; To Age 100 |
Rs. 50,000/- |
|
Bharti AXA Life Super Series |
Non-Participating, Non-Linked Money back life Insurance Plan |
6 years (for Super 6 option); 0 years( super 10 Option) |
Depends on the policy term |
12 years (for Super 6 option); 20 years( super 10 Option) |
Subject to underwriting |
|
Bharti AXA Life Invest Once |
Single Pay Non-linked Non-participating Endowment Plan |
8 years (for the policy term of 10 years); 13 years (for the policy term of 5 years) |
65 years (for the policy term of 10 years); 60 years (for the policy term of 5 years) |
5years and 10 years |
Subject to underwriting |
Product Portfolio
Bharti AXA Life Insurance Term Plans:
The plans give financial protection to your family in case if an unfortunate event.
- Bharti AXA Life Flexi Term Plan
- Bharti AXA Life eProtect Plan
- Bharti AXA Life Elite Secure Plan
- Bharti AXA Life Premium Waiver Rider Plan
Bharti AXA Life Insurance ULIP Plans:
Bharti AXA ulip plans make your money work harder for you with their wealth cum protection plans and ensure that your long term financial goals are met with investment solutions that can adapt to your investment habits.
- Bharti AXA Life Future Invest Plan
Bharti AXA Life Insurance Child Plans:
Bharti AXA policies helps your child's key life stages and help him secure a bright future.
Bharti AXA Life Insurance Investment Plans:
These life insurance plans are protection cum savings plan which provide you liquidity at key life stages.
- Bharti AXA Life Samriddhi Plan
- Bharti AXA Life Elite Advantage Plan
- Bharti AXA Life Aajeevan Sampatti+ Plan
- Bharti AXA Life Secure Savings Plan
- Bharti AXA Life Secure Income Plan
Bharti AXA Life Insurance Pension Plans:
- Bharti AXA Life Monthly Income Plan+
- Bharti AXA Life Flexi Save Plan
One can compare all Bharti AXA life insurance plans from other life insurance companies in India to get the insurance plan that suits you most.
Claims Ratio of Bharti AXA Life Insurance Company
|
Year |
2008-09 |
2009-10 |
2010-11 |
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
Claims ratio |
53.2 |
77.8 |
87.17 |
87.7 |
89.48 |
88.13 |
80.9 |
80.02 |
Market Share of Bharti AXA Life Insurance Company
|
Year |
2008-09 |
2009-10 |
2010-11 |
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
Market share |
0.3 |
0.4 |
0.3 |
0.2 |
0.2 |
0.3 |
0.4 |
0.4 |
Bharti AXA Distribution Network:
Bharti AXA Life has a national footprint of distributors trained to provide quality financial advice and insurance solutions to the large Indian customer base.
Bharti Axa Life Insurance - Latest News
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Bharti Enterprises Names Rajesh Sud as MD of Financial Services Business
On the 13th of August 2019, Bharti Enterprises announced that Mr. Rajesh Sud is going to be its new Managing Director - Financial Services. He will report to the Founder and Chairman of the Bharti Enterprises, Mr. Sunil Bharti Mittal.Sud takes over the position of MD of Financial Services from Mr. Soumen Ghosh. Ghosh is renowned for successfully leading and turning around the financial services business of this company. In his new role, Rajesh Sud would be required to lead Bharti AXA Life Insurance, as well as Bharti-AXA General Insurance. He additionally will also be on the Board of the Airtel Payments Bank. In his new position, he would have to guide various groups towards both the future and current interests of this company in the domain of financial services businesses. On this new appointment, Sunil Bharti Mittal said that he has full confidence in the experience of Rajesh Sud, and believes that his expertise in the financial services sector would be able to add great value to the existing business of the company. Mittal wished Rajesh Sud the very best for his new role in the company, and also thanked Soumen Ghosh for his services so far.
Before joining Bharti Enterprises, Mr. Rajesh Sud was Max Life Insurance's Executive Vice Chairman and Managing Director. Mr. Sud has more than twenty-five years of experience in the Indian Life Insurance and Banking industry.
In his leadership, his previous organization, Max Life, underwent a speedy transformation and became one of the top (precisely fourth) private life insurance providers and biggest non-banking promoted life insurance companies in private life insurance sector of India.
Before Max, Mr. Sud was working as Chief Executive Officer and Managing Director of Esanda Finance India. He started his career with Bank of America.
By education, Mr. Sud is Post Graduate in Finance and Marketing from Faculty of Management Studies, DU. He has done an Advanced Management Programme from the University of Pennsylvania’s Wharton Business School, USA.
-
Bharti Axa Life Insurance chief says the industry will increase by 10-15% in 2016
November 26, 2015: Mr. Sandeep Ghosh MD & CEO of Bharti AXA life insurance feels very confident about the growth in selling of traditional plans over the most happening ULIP plans in the market. He is positive and expecting the industry to grow 10-15% and the company would grow 25% in the year 2016. Summarizing his views on the focus for selling traditional products, the belief is that for certain customers Ulip is good while for others traditional plans may work better without getting into a debate on whether Ulip is good. Though Bharti Axa has a strong portfolio of ULIP products, however, he is very assured to increase selling of traditional plans through mixed channels. Talking on the innovations front, Bharti Axa life insurance has launched a single premium plan that designed only for mobile platform. He also reveals that AXA is likely to increase the stake in Bharati AXA life and the process is in completion phase. -
‘Invest Once’ a new insurance Plan launched by Bharti AXA Life Insurance
18th November 2015: The leading life insurance company Bharti Axa Life has launched a single premium plan. The plan is a non-linked, non-participating guaranteed life insurance scheme. InvestOnce plan has very Good features including guaranteed add-ons of upto 9%, tax saving benefits & an option of insurance cover of ten times of paid premiums. The tenure of the plan is flexible and a policyholder can pay single premium by choosing the term of insurance in between 5 years to 10 years. A policyholder gets guaranteed add-ons at 7% for 5 years term and 9% for 10 years term. A minimum premium of Rs. 5000 can be invested by an investor. With this new plan BhartiAxalife insurance company wants to attract young Indians to invest on insurance plans. -
5 New Branches about to open by Bharti AXA Life Insurance Company
17th November 2015: The Indian insurance industry is getting bigger day by day with more than 24 life insurance companies and 27 general companies in India. Bharti Axa Life is one of the top private insurance companies that offer various life insurance plans. With the expansion of the business, Bharti Axa is going to open 5 new branches in India. The new branches will be started in the financial year 2016. The branches will get live in the tier 3 cities and in north eastern region. This will cover up the requirement of their current operations. The expansion is very needed as the insurance giant Bharti Axa Life is going to penetrate the insurance market deeper. Also the company is going to launch a very attractive single premium plan and other online products soon. -
Bharti AXA Life Insurance launches Bharti AXA Super Series
Bharti AXA Life Insurance is a conglomerate of AXA and Bharti enterprises which is amongst the leading insurance service providers of the world. Recently it has launched a unique non-linked insurance plan; Bharti AXA Life Super Series which is offers the money back benefits. This is an easy and affordable plan which provides guaranteed income that increases during the payout stage and provides an assured one-time payment at the start and end of the payout time. Also, this plan has the choice to pick between Super 6 and Super 10 option depending upon the investment requirements.
In Super 6, a premium for 6 consecutive years is required to be paid by the policyholder, this also includes a guaranteed money back benefits of 6 years i.e. 270% of assured sum over maturity. Whereas in Super 10 the premiums are needed to be paid for 10 consecutive years where guaranteed money back benefits will be 10 years i.e. 396% of the assured sum over maturity.
Written By: PolicyBazaar - Updated: 04 November 2020
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