The Sum Assured is determined based on the customers income level along with the existing exposure on any insurance cover that the customer has. While applying for a cover some companies allow the person to apply for a higher cover & once all the actual details are disclosed, a counteroffer with lower Sum Assured is provided to the customer.

The customer must ensure he provides his travel details correctly under question number one in Lifestyle detail – “do you plan to live or travel outside India for more than 100 days?” Based on the details provided by the customer, the underwriter may allow or decline the policy. The Underwriting decision will be on case to case basis depending on the details provided.

There is no difference. Web aggregators just advertise the benefits of Bharti AXA Flexi Term product on their website. All applications for purchasing the policy are directly routed to the Bharti AXA Life website. A customer cannot directly purchase the policy from an aggregator

The customer must disclose his income details & his existing insurance cover details in corresponding sections while applying for the cover under Bharti AXA Life Flexi Term. Based on underwriting decision, the customer's request for the cover will either be declined or accepted at the reduced cover (counteroffer).

Married Women Property Act, 1874 (MWPA) is where a husband has taken a life insurance policy and stated it to be for the benefit of the either his wife or children or both. Such a policy shall be deemed to be a trust for the benefit of the wife, children or both as stated and cannot be utilised either by the husband or his creditors nor form a part of his estate. In such policy, where expressly mentioned, all the benefits arising out of the same are identified and treated as his separate property.

No, Bank statement cannot be considered as income proof for term plan i.e. Bharti AXA Life Flexi Term.

Yes, you can get a copy of the medical report except for the FMR (Full Medical Report). As FMR is not shared as per company guidelines.

Key man insurance is a type of insurance where partnership/Pvt. Ltd companies etc. nominate one individual who may be the partner/ director/ majority shareholder to be the life insured covered for liability exposure of such institutions.

Bharti AXA Life Flexi Term is a pure term policy that can be bought by an individual only and therefore Key Man Insurance is not provided in Bharti AXA Life Flexi Term.

The list is available with the medical service provider. When a customer receives a call for the arranging the medicals, they are given location options of a medical centre nearest and most convenient to them.

Please enter your Proprietorship/ Partnership & provide us the number of years for which you are active in your business. Giving correct details is very important.

The product offers special rates for a non-smoking person. Even if you are not a regular smoker or a casual smoker, please select the 'Smoker' status only.

We request you to provide your correspondence address, permanent address & office address to help us contact you better. In case your correspondence address & permanent address are same, please tick the box "Same as above".

In case you wish to receive your application form by courier in a hard copy; you need to select this option – Physical Copy. We will send a PDF on your listed email ID & also along with the policy kit once we confirm your application with the company.

Correct PAN number is a mandatory requirement for all online applications.

In case the nominee is a Minor; we will require the appointee details as well. In case you want to have multiple nominees, we suggest you get in touch with our servicing department & they will include the additional nominations at the servicing stage.

You need to confirm if you are planning to travel outside India for more than 100 days.

It is advised to answer yes. Our underwriters will contact you for additional details.

Please select 'Yes' & provide details on the number of glasses of specific alcohol consumed per week.

Claims

The Policy shall be void if the Life Insured, within one year of the Issue Date; or from one year of the date of the latest Revival of the Policy; whether sane or insane, commits suicide, directly or indirectly, that results in the death of the insured person. In the above cases, no benefits shall be payable. For detailed Terms & conditions, please refer Policy Bond.

Claim Settlement ratio is the ratio of Claims Settled against claims reported during the year. For detailed information, please refer http://www.bharti-axalife.com/public_disclosures.aspx (Form 39 & 40); some of the reasons for claim repudiation are as listed below

  • Disclosure of medical adversities
  • Incorrect disclosure of Age
  • Incorrect disclosure of occupation/income
  • Non –disclosure of previous insurance
  • Fraud
Please note: The above-mentioned list is only indicative and not an exhaustive list.

In case of decline/ postponement decision on the policy, the refund amount will be settled in 10 working days.

If the policy is in lapse state, no claim will be payable. The customer has the option to reinstate the policy as per the contract provisions.

Pay Premium

If the policy is lapsed, then the customer will have to pay the rate of interest at 8% on overdue premiums.

Threshold limit is set as 90 days i.e. Interest will not be calculated on the overdue premium within 90 days. Interest is calculated on total number of days elapsed, which is factored on pro rata basis as "No. of days/ 365".

Manage Policy

Accurate mobile number is necessary for all our future communications. This includes pre and post login communication.

The ideal income for your chosen Sum Assured is shown in the premium box. Depending on your income status you can either increase or decrease your Sum Assured.

You should always declare all your existing policies (with all the companies). Even if you have missed out on it while filling up the form, please ensure that you communicate this to us at the earliest.

We suggest you save the data entered till now & collect the information requested for completing this information. Any non-disclosure can have a direct impact on your application.

Flexi Term Plan is available only for residents of India. We have other plans which can be purchased through our advisors for NRIs & PIOs.