Bharti AXA General Insurance Company
Bharti AXA General Insurance Overview
Bharti AXA General Insurance Company Limited is a joint venture between Bharti Enterprises and AXA Group. Bharti Enterprises is one of India's top business groups that offers its services in various sectors namely telecom, agri-business, financial services, and retail and manufacturing. It holds several innovative products and pioneer offers to its credit. The AXA Group is a global leader in the insurance market and asset management services. It boasts to render its insurance, savings and investment products and services to around 105 million clients, individuals and businesses, in over 61 countries.
The general insurance company was established in 2008 with the joint venture of 51% stake from Bharti Enterprises and 49% stake of the AXA Group. The company has marked its presence across the nation with its 135 branches and provides quality insurance solutions for car, two-wheeler, health and critical illness, home property, student, individual and family travel, business and crop insurance. The company with its comprehensive and innovative insurance solutions, always try to redefine insurance industry standards by providing unparalleled and empathetic solutions to every citizen of India.
Bharti AXA General Insurance Company Statistics
The Bharti AXA General Insurance offers 24x7 assistance to its customers for different insurance products ranging from motor insurance, health insurance, travel insurance, home insurance to business insurance. With its exceptional dedication level and ethics, the general insurance company has issued more than 2 crore policies out of which 19 lakh claims have been settled. This company has 135 branches across the nation which helps in delivering the best and prompt insurance services to policyholders of every state and city without any hassle.
Bharti AXA General Insurance Company tends to deliver its top-notch insurance solutions and its insurance products through various channels which include agents, brokers, affinity partners, distribution partners, and online. Here are some splendid figures earned by the general insurance firm with its performance over the years since its inception:
Claim Settlement Ratio
Bharti AXA General Insurance Company Financials
Bharti AXA General Insurance boasts to serve millions of customers. The authorised capital of the general insurance company is Rs. 2000 crore. The Gross Written Premium (GWP) of the general insurance industry during the year 2018-2019, grew from 1,326 crore to Rs. 1,772 crore, with which the firm registered a growth of 33%. The company recorded a Gross Direct Premium of Rs. 1,753 crore in FY 2018 as compared to Rs. 1,314 crore in FY 2017. The Net Earned Premium Rs. 1,213 crore as compared to last year which was Rs. 1,139 crore.
Why Should You Choose Bharti AXA General Insurance?
Bharti AXA general insurance plans hold several benefits that customers can easily avail by picking any of its plans. Different benefits of the firm makes it a perfect option for customers:
- Rapid Renewal Process – The Bharti AXA General Insurance provides the online policy renewal option with which you can continue to avail the benefits of your plan at a click. With the online fast renewal process, policyholders can easily renew their plans by just entering policy number and policy expiry date. It will display the policy details which you can modify as per your needs and pay for it.
- Online Claim Process – The online claim service offered by Bharti AXA General Insurance comprises the facility to register the claim as well as to track your claim status. To register your claim, you just need to enter your policy number and its expiry date to continue. On the other hand, to track your claim, you need to fill up your policy number or claim number with your policy’s expiry date. With this option, you can request and receive your claim easily and swiftly.
- Strong Network of Garages and Hospitals – The Bharti AXA General Insurance Policy holds a robust network of 5,200+ garages and 4,500+ hospitals. These impressive numbers are highly beneficial for policyholders as the pan India presence of garages and hospitals in the network of the company will make the customers to find the medical and repair assistance as quick as possible at their nearest locations.
- Wide Range of Products – When it comes to insurance, the company is a one stop solution where you can find different insurance products at affordable rates. Bharti AXA General Insurance offers many insurance products which incorporate motor insurance, health insurance, travel insurance, home insurance, business insurance, and so on. With such a range of products customers need not invest much on research and can pick insurance plans from one place only.
- 24x7 Customer Assistance – The customer care team of Bharti AXA is highly dedicated and committed towards providing assistance to policyholders whenever they are in need. The active and prompt behaviour of the team is a boon for customers requiring the immediate help after an accident, during a medical emergency and so on. Anyone can reach them by calling at 1800-103-292 and writing an email at firstname.lastname@example.org.
Awards and Achievements of Bharti AXA General Insurance Company Limited
The Bharti AXA General Insurance has managed to gain several insurance awards and achievements since its establishment. Some awards and recognitions bagged by the company are as follow:
- Best Product Innovation Award
- Technology Initiative of the Year
- Customer Service Excellence Award
- Non-Life Insurer of the Year Award
- Outstanding Performance in Insurance Category
- Micro Insurance Leader – General Insurance Award
- Claims Service Of The Year – Large (Private Sector) Award
- India’s Greatest Brands 2017-18 - Pride of the Nation Award
- Best General Insurance Company - Claim Management Award
- General Insurance Company of The Year – Large (Private Sector)
Bharti AXA Insurance Product Portfolio
Bharti AXA Car Insurance Policy
Bharti AXA Car Insurance is a vehicle insurance policy designed to shield you from financial losses, which may arise due to unforeseen risks such as accidents, thefts or third party liabilities. Basically, there are three types of car insurance plans available in India and Bharti AXA offers all of them. The third party insurance covers your financial liabilities which you have to bear after getting involved in an accident with a third party. Own-damage insurance cover secures you from financial losses arising due to accidental damages, man-made disaster, natural calamities, burglary, theft of your vehicle. Lastly, the Comprehensive insurance cover is a plan that provides coverage for third party liabilities along with own-damage expenses. The company also gives a range of add-on covers which includes depreciation cover, roadside assistance, and so on.
Bharti AXA Two-Wheeler Insurance Policy
What a helmet is to a life-threatening injury, a two-wheeler insurance is to the financial losses arising after an accident or mishap. With so many two-wheelers riding in the cities, accidents and thefts are quite obvious. In addition to causing damage to the vehicle, a mishap or an accident can lead to disability or even death. Therefore, Indian Motor Tariff has made it compulsory to own at least a third party insurance plan while driving a two-wheeler. Bharti AXA General Insurance provides all types of insurance plans which comprise third party insurance plan, own-damage insurance plan and comprehensive insurance plan for the protection of your insurance bike or scooter from theft, burglary, man-made disasters, natural calamities, accidental damages, etc. The coverage of these plans can be enhanced with the inclusion of add-on covers.
Bharti AXA Commercial Vehicle Insurance Policy
With the Commercial Vehicle Insurance Policy offered by Bharti AXA General Insurance you can get the coverage for your commercial vehicle against own-damages as well as third party damages. You can get coverage against accidental damages caused due to accident, fire, theft, explosion, riot, earthquake, flood and so on, and financial liabilities against third party’s injury, death and property. However, you can extend your insurance to cover loss or damage to electrical accessories and non-electrical accessories, etc.
Bharti AXA Health Insurance Policy
Bharti AXA Health Insurance Plans cover your medical expenses and make you avail quality medical services. Nowadays, due to high levels of pollution, unhealthy food habits, sedentary lifestyle, and job-related stress, people are facing health-related emergencies frequently. Hence, Bharti AXA has come up with new-age health insurance covers which are not just limited to offer coverage before, during, and after hospitalization, but also provide benefits for daycare procedures, domiciliary hospitalisation, health check-up expenses and so on. Owning a health insurance policy will make you avoid to experience any financial crisis due to a medical emergency and enable you to get the best treatment at the best hospital among the network of hospitals. You can also earn some tax deductions under Section 80D of the Income Tax Act on the health insurance premium.
Bharti AXA Travel Insurance Policy
Bharti AXA Travel Insurance gives coverage against various types of emergencies such as medical expenses delay or total loss of checked-in baggage, missed connection, financial emergency assistance etc. while you are traveling abroad. Travel Insurance Policy is an important part of documentation which you need to have while traveling overseas and must be purchased in advance to insure yourself in between the dates you will be on a trip. Different types of travel insurance covers provided by the general insurance company are Schengen Travel Insurance, Worldwide Overseas Travel Insurance, Asia Travel Insurance, Senior Citizen Travel Insurance.
Bharti AXA Home Insurance Policy
Every home is exposed to various sorts of risks and threats which are natural disasters like earthquakes, floods, etc., as well as man-made risks such as burglaries, thefts electrical appliances, important documents, etc. These types of risks can incur substantial damages that can lead to significant financial losses. However, with Bharti AXA’s Smart Plan Householders Package Policy, you can prevent suffering financial losses worth lakhs and secure your family and yourself from any consequences arising from such losses.
Bharti AXA SME Insurance Policy
Bharti AXA General Insurance provides some insurance plans to look after your insurance needs for an office, shop or small and medium enterprises (SMEs). The general insurance company has offered some ready made solutions for these assets. Now, you can personalize your insurance to your business requirements with Smartplan Office Insurance Policy Package, Smartplan Shop Insurance Policy Package, and Business Insurance Policy Package.
Bharti AXA General Insurance Distribution Network
Bharti AXA General Insurance works with a huge strength of employees that delivers to the best of their abilities at 135 branches across the country. Its insurance related services and products are distributed through different distribution partners, affinity partners, channels-agents, brokers and online. Its workforce is dedicated to offer fast claim service and 24x7 customer assistance. To provide cashless insurance services to its customers during accidental or medical emergencies, the general insurance company holds a strong network of 4,600+ cashless garages and 5,000+ cashless hospitals.
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Bharti AXA General Insurance FAQs
Who can buy a Bharti AXA General Insurance Plan?
People between the age group of 91 days and 65 years can purchase a Bharti AXA General Insurance policy. However, the eligibility criteria may differ from policy to policy.
What types of insurance solutions are offered by Bharti AXA General Insurance Company?
Bharti AXA General Insurance provides an extensive range of insurance products which belong to different categories such as Motor Insurance, Health Insurance, Travel Insurance, Home Insurance, SME Package Insurance, Commercial Lines Insurance, and Pradhan Mantri Fasal Bima Yojana.
What is the claim settlement ratio of Bharti AXA General Insurance Company?
The claim settlement ratio of Bharti AXA General Insurance Company is 80.45% for the financial year 2018-2019.
Can I cancel a policy of Bharti AXA General Insurance after buying?
Yes, you can cancel your plan offered by Bharti AXA General Insurance within 15 days of free-look period free of cost. On cancelling the plan after that, you will have to pay cancellation charges.
How to contact Bharti AXA General Insurance?
You can contact Bharti AXA team by calling at 1800 123 2292 or by mailing them at email@example.com.