Today I am going to tell you about the "Bharti AXA Life Insurance" company.
The name of the term plan of this company is Bharti AXA Life eProtect. There is no maturity benefit in this plan because it is a pure protection family security plan. Bharti AXA Life eProtect is a simple, pure term insurance protection plan that can be purchased by just visiting the website of this company that is you can purchase this plan online without going anywhere.
The minimum entry age in this plan is 18 years and maximum entry age is 65 years.
You will get two benefits in this plan, One is:- Life Insurance Benefit - In case of an any unfortunate event like death of the Policy holder, an amount equal to the Sum Assured will be given as a life insurance benefit to the nominee, so that they can continue with their lives. Second benefit is:- Family Care Benefit - In case of death of the policy holder, the company will give 1 Lakh within 48 hours of submission of all relevant claim documents, if the policy holder has completed two policy years from the date of issuance of the policy. Then, if the claim is settled, whatever the balance Sum Assured is remained will be paid to the nominee. So, like this you will be getting only this benefits in your policy while if you go with other companies, they will give you Terminal illness benefit+ Waiver of premium benefit FREE in your normal plan. And the most important, Claim Settlement Ratio of Bharti AXA Life Insurance is 80%, which is very low as compared to another company.