Bharti Life Insurance Plans for Financial Needs

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 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.

If you want to calculate the approximate sum assured that you are looking to get out of your term insurance policy, first consider your current expenses and add any existing liabilities such as loans and debts to it. Next, you need to subtract any disposable assets from this amount. Once this is done, you need to think ahead and consider expenses that may be incurred due to imminent and unavoidable life events and goals, such as weddings, anniversaries, vacations, higher studies, etc.

The life cover that you need is dependent on some crucial factors, most of which are derived from the future financial plans that you have for yourself and your family. When considering life cover, factor in aspects such as your average monthly expenses, your liabilities or debts, and existing wealth. Moreover, also consider whether you want to create a retirement corpus in the future, while also considering all the major events that are in the pipeline in the coming future, such as weddings, children’s higher studies, etc.

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.

Yes, HRA calculators are completely free online financial tools which are open to all users.

When you buy a retirement plan, make sure you stick to your purpose to ensure regular income after your retirement. Hence, as far as possible, choose a guaranteed income option to avail a smooth stream of income in your golden years. Nowadays many pension plans offer pension income that is linked to the inflation index. For an inflationary economy like India, it is very much necessary to avail the protection against inflation and maintain the lifestyle. Many pension plans give the option to continue the pension income to the spouse after the death of the policy holder. Consider availing the same for proper maintenance of your loved one’s life. Additionally, you can opt to avail insurance clubbed with a pension plan, so your spouse will have a lump sum amount and pension income both, in case of your unfortunate demise.

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".

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.

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.

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

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.

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.