One of the best private insurers in India, Bharti AXA General Insurance Company Limited, was started in 2008.They provide health insurance, car insurance, travel insurance and home insurance. The company also provides special commercial insurance plans.
Bharti Enterprises, a leading Indian conglomerate and AXA, a multinational French insurance firm are the two sole stakeholders of the company. The Bharti AXA group actually has two insurance companies functioning in both, general insurance and life insurance sectors.
The general insurance company’s vision is to become the best insurance provider in India. They seek to achieve it by offering ‘comprehensive and innovative solutions and unparalleled service to customers’.
Bharti AXA General Insurance Company Limited has been acknowledged for its services by many institutions. In 2016, it received ‘Marketing Campaign of the Year: Motor Campaign’ award by Global Marketing Excellence Awards. Also, the Institute of Economic Studies had awarded it with the Excellence award in 2014.
Car insurance or even motor insurance, in general, is a basic need in India these days. Also, the government has declared vehicle insurance mandatory. Bharti AXA provides a protective car insurance plan for minimizing the risk of financial damage to the vehicle owners.
The car insurance plan by Bharti AXA is a structured and comprehensive solution. That is why every Bharti AXA car insurance review is encouraging. The car insurance claim settlement ratio for the year 2015-2016 was 91.49%.
All car brands operating in India are included in the Bharti AXA list. Therefore, you can buy insurance for your personal vehicle, no matter what model it is.
The point to remember is that without insurance, a vehicle owner is exposed to great financial risks. Therefore, insuring a car and renewing in time is important as it is a responsibility to have protection against unforeseen future. Affordable car insurance plans are available in 3 variations.
Basic cover for car owners – this policy can be purchased easily online.
Sum assured and premium – based on various elements like your car value, depreciation factor, add-on covers purchased and inspection results.
Policy term – the plan can be bought for a term of 1 year at a time, after which it has to be renewed
Coverage - It has three categories of covers.
Exclusions – specific exclusions including
Basic cover with optional add-ons – extra coverage can be purchased with a little increase in the premium.
Sum assured and premium – sum assured depends on the type of car and its age. Premium is calculated as per the basic plan with the cost of extra covers added to it.
Policy term – it is the same as that of the basic car insurance package.
Coverage – includes all the covers of the basic car insurance package by Bharti AXA general insurance. More than 10 add-on covers are available for purchase individually.
Exclusions – these are the same as that of the basic insurance package, but it depends on the add-on covers purchased.
Motor Third party liability insurance – a rudimentary package that covers only the government mandated aspect of car insurance.
Sum assured and Premium – The premium amount is quite less as is the sum assured.
Policy term – Unknown as the plan is not available for online purchase.
Coverage - The liability only insurance covers nothing but the damages incurred by a third party due to you.
Exclusions – the exclusions of basic car insurance policy are applicable here.
Advantages - People who are looking for extremely affordable plans can opt for this package.
The company is reputed and has dual certification from ISO. It has also received much recognition in the insurance industry. In its few years since commencement, Bharti AXA General insurance has sold more than 98 lakh policies, among which around 42 lakhs were car insurance.
The details of all the plans are available on the website. You can get a quote for your policy online instantly. The car insurance application process is hassle-free and requires minimal paperwork on the customer side.
The policyholders of Bharti AXA motor insurance have the advantage of speedy reimbursement or cashless claims. After receiving the claim related documents, the company processes the claims within a week.