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Bharti AXA Life Insurance Launches Claim Intimation Via WhatsApp

IndianMoney.com Research Team | Posted On Monday, January 14,2019, 07:04 PM

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Bharti AXA Life Insurance Launches Claim Intimation Via WhatsApp

 

 

Bharti AXA Life Insurance is a private insurer in India. IRDA licensed Bharti AXA in the year 2006. It is a joint venture between Bharti Enterprises and AXA. 51% of the stake is held by Bharti group and the remaining 49% by AXA. Bharti AXA Life Insurance offers a range of products and services related to insurance and wealth management.

Benefits of Bharti AXA Life Insurance

Below mentioned are the benefits of availing Bharti AXA Life Insurance:

  • Covers both Pre and Post Hospitalization expenses: When diagnosed with a chronic illness, all your expenses including diagnostic charges are covered.
  • No capping on ward charges: Unlike other insurers, there is no capping on the ward charges. Full expenses of ward and ICU are covered under the policy.
  • Critical Illness coverage: When diagnosed with a critical illness, all medical expenses would be covered under the policy.
  • Annual health check-up: Policy also covers the expenses of annual health check-up.
  • No Claim Bonus: If you have not made a claim over a certain period of time, then the insurer the No Claim Bonus. This could be higher coverage for same premiums.

Want to know more on Term Insurance? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

Bharti AXA Life Insurance Launches Claim Intimation Via WhatsApp

How To Apply For Bharti Axa Life Insurance Online?

  • Log on to https://www.bharti-axalife.com/individual-life-insurance-plans/protection-plans.
  • Enter your personal details.
  • You will be asked if you like to add any riders, choose the ones that you want to be covered under the policy.
  • Approximate premium payable will be displayed, click on ‘proceed’ to purchase the policy.
  • Enter your personal and professional details against respective fields.
  • Enter the details of the beneficiary/beneficiaries and their percentage.
  • Revised premiums payable and insured amounts are displayed.
  • Few questions related to your health would be asked, enter the correct details.
  • You will be asked if you would like to open an Insurance Repository. Choose yes if you like to do so.
  • Read the terms and conditions carefully, click on authorized check box and give consent for the mentioned terms and conditions.
  • Click on ‘proceed to payment’. A pop-up would appear, it would tell if there are any medical check-ups that you have to undergo. Medical representatives from Bharti AXA would contact you for further details, post payment.
  • OTP would be sent on your mobile phone number, enter the same to validate and proceed.
  • Choose the mode of payment, and make the payment.
  • Confirmation of payment will be sent on E-mail and SMS.
  • E-policy would be mailed to your registered E-mail ID.

SEE ALSO: Best Term Insurance Plans In India

Bharti Axa Life Insurance Current Claim Procedure:

  • Death intimation to be shared with the insurance agent or at the nearest Bharti Axa branch.
  • Fill the death claim form, the form can be collected from the insurance agent or insurer’s branch.
  • Provide the details of the nominee.
  • Get signature from the treating doctor, on the pages as mentioned in the death claim form.
  • Attach death certificate, original policy document and identity proof of the insured and submit it at a Bharti AXA Life Insurance branch.
  • If the details furnished are found to be legitimate, then the claim will be processed and the insured amount will be credited to the nominee within 15 days.

SEE ALSO: Why life insurance is important to Millennials?

Here's How Bharti AXA's New Claim Processing Service Will Work

Nominees can initiate Insurance claim intimation through WhatsApp. Yes, you read that right. Vikas Seth, MD & CEO of Bharti AXA Life Insurance, says ‘Service initiative would make claim submission a hassle-free process for the nominee’. Bharti AXA has become the first Indian Insurer to provide its customers with the option of claim intimation through WhatsApp.

This makes claim submission a hassle-free process, as nominees don’t have to visit the company’s branch, but have to only send a message on WhatsApp. Vikas Seth, Managing Director and Chief Executive Officer, Bharti AXA Life Insurance, said: “We are the first life insurance company in the country to use WhatsApp to intimate and expedite claims for our clients. The prime responsibility of any life insurance company is to honor a valid claim in the need of the hour. By embracing an instant messaging platform like WhatsApp, we are providing a prompt and fresh service option to enhance the comfort and benefit for our customers and improve customer-contact ability”.

He added that the nominee has to send a text to the company’s WhatsApp number for intimating his/her claim. The company would have dedicated personnel that would have access to this number and send an immediate response to the nominee. Further, the nominee would have to upload claim documents on a link that would be shared by the company. Bharti AXA Life Insurance informs nominee on his/her WhatsApp number only, and would settle the claim by crediting the death benefits to his/her bank account, if the claim is honored.

Bharti AXA Life said that they encourage their entire customer base to use this service. Seth said “We are confident that the use of WhatsApp will help us improve customer engagement during the claim process. More importantly, our customer-friendly initiative would complement the regulator’s efforts to enhance service, efficiency and transparency in the domestic life insurance industry”.

SEE ALSO: Different Types of Life Insurance Policies in India

Bottom line

Bharti Axa Life Insurance’s initiative of settling claims through WhatsApp is widely appreciated as this facilitates fast and a hassle free claim settlement. This saves a lot of time for the nominees, who earlier had to go in person to the insurer’s branch for the claim settlement. With government stressing on digitalization, Bharti AXA’s initiative to settle claims through WhatsApp only highlights this.

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