Benefits of Bharti AXA Health Insurance
Bharti AXA General Insurance Company is formed jointly between Bharti Enterprises and AXA. While Bharti Enterprises is a renowned Indian company, AXA is a leading insurance company. Bharti AXA started its operations from the year 2008 and since then has grown considerably.
The company has issued more than 9.8 million policies in the segments of health insurance, motor insurance, travel insurance, etc.
It is present all across India through a network of more than 100 branch offices in all leading cities. In the year 2019, Bharti AXA won several awards the notable among them being the General Insurance Company of the Year – Large (Private Sector) at ET Now BFSI Awards and Non-Life Insurer of the Year by ASSOCHAM’s Insurance Leaders Meet & Excellence Awards.
Bharti AXA offers a range of health insurance products which have comprehensive coverage benefits and affordable premium rates.
Additional Benefit of Free Health Check upThe health insurance plans offered by Bharti AXA have the feature of regular health check-ups and that too free of cost. Insured individuals can avail free health checks at specified intervals if they invest in Bharti AXA’s health insurance plans.
Additional Protection over Employer CoverageBharti AXA also offers independent health insurance plans to employees who are covered under the group health scheme of their employers. Though group health plans are commonly available, their coverage features as well as the sum insured are limited. To overcome this shortcoming employees can buy Bharti AXA’s health insurance plans and increase their health insurance coverage.
Cashless BenefitBharti AXA has a tie-up with more than 4500 hospitals in India. These hospitals are called networked hospitals and if you avail treatments in these hospitals your claims would be settled on a cashless basis. Cashless claims would, therefore, lower the burden of medical costs which you would otherwise face if you were to pay for them.
Claim Settement RatioBharti AXA has an impressive claim settlement ratio of 77.78%*. This ratio indicates that the company aims to settle the maximum possible claims which are made on it. It, therefore, has a 24*7 claim assistance helpline helping you get your claim settled quickly. *The claim settlement ratio change from time to time.
Coverage against Medical ExpensesThe popular health insurance plans offered by Bharti AXA have good coverage benefits. You can get coverage for up to Rs. 1 crore. Common coverage benefits include pre and post hospitalisation expenses, sum insured restoration, organ donor expenses, day care expenses, etc. Some plans also provide coverage for maternity related expenses as well as optional coverage benefits for a more enhanced scope of cover.
Incurred Claim RatioThe Incurred Claim Ratio (ICR) shows the percentage of earned premiums utilised by the insurer to pay its claims. Bharti AXA had an ICR of 89%* in the financial year 2017-18. The ratio shows that the collected premiums were sufficient to pay the claims and that the company did not incur any loss. *The incurred claim ratio change from time to time.
Tax BenefitSection 80D of the Income Tax Act allows health insurance premiums as a tax-free deduction up to Rs. 55,000 (Rs. 25,000 for individual and Rs. 30,000 for senior citizen).
Bharti AXA Health Insurance Plan List
|Name of Plan||Sum Insured|
|Smart Health Insurance PlanMin: 91 Days; Max: No Limit||2 Lakh||Get Quotes Now|
|Smart Super Health PlanMin: 91 Days; Max: 65 Years||5 Lakh||Get Quotes Now|
|SmartHealth Critical IllnessMin: 3 Months; Max: 55 Years||2 Lakh||Get Quotes Now|
|Arogya Sanjeevani PolicyMin: 3 months; Max: 65 years||1 Lakh - 5 Lakh||Get Quotes Now|
|Corona Kavach PolicyMin: 1 day; Max: 65 years||50,000 - 5 lakh||Get Quotes Now|
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Bharti AXA Health Insurance FAQs
Who can buy Bharti AXA’s policy?
Any Indian between the group of 5 years and 55 years can buy the health insurance policy of Bharti AXA.
How can I buy Bharti AXA health insurance plans?
You can buy and apply for any Bharti AXA Health Insurance Policy online from the official website of Bharti AXA Health Insurance at www.bharti-axagi.co.in or you can call at 022-6118-8888. Also, you can purchase through online broker’s website like www.insurancedekho.com.
Are pre-medical tests required to buy a health insurance policy?
No, pre-medical check-up is not required to buy any policy until you are up to 45 years old.
Are family members covered under the Bharti AXA critical illness policy?
Yes, but the policy should be issued on a Floater Basis. Family members of the insured, comprising spouse and two dependent children (age group of 5 to 55 years, are covered.
Is critical illness cover important for young people?
Yes, it is important for young people. This is because, critical illnesses can occur to anyone irrespective of their age.