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Latest News on Bharti AXA Life Insurance
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Life Insurance News
There are a variety of child insurance policies to choose fr...01 January 2022
Parents who want to provide financial assistance and a varie...11 November 2021
As a parent, you would want to provide him with the finest e...21 October 2021
Life will provide your child with the same challenges that y...20 October 2021
There are numerous endowment plans available on the market, ...28 September 2021
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Claim Process at Bharti AXA Life Insurance
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.
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FAQ About Bharti AXA Life Insurance
To whom would Bharti AXA Life Insurance pay the claim money?
Bharti AXA Life Insurance pays the claim amount to the claimant in the case of hospitalisation claim. In the case of a death claim, the claim is payable to the nominee.
Who can be a nominee in a Bharti AXA Life Insurance policy?
Policyholders can name any person as a nominee. However, the nominee is generally a close relative, preferably the next of kin.
Can Bharti AXA Life Insurance reject an insurance claim?
Yes, Bharti AXA Life Insurance can reject claims if the claimant/nominee has provided incorrect information. Similarly, non-disclosure can also result in a claim rejection.
If the policy is not assigned, then in what time will the refund be done?
If the policy is not assigned then it takes only 10 working days to process the refund for the premium amount given for purchasing the policy.
How long does it take for Bharti AXA Life Insurance to honour a claim?
Generally, Bharti AXA Life Insurance honours life insurance claims within five days. However, claims requiring further investigation can take a maximum of four months.