Bharti AXA General Insurance Company Limited (Bharti AXA GIC Ltd.) has been formed through joint venture agreement between the prestigious AXA Group and the Indian group Bharti Enterprises; the former holds 51% stake whereas the later holds 49% stake.
Bharti Enterprises is a well diversified Indian company having a presence in telecommunications, agricultural, financial services, retail and manufacturing sectors.
AXA is a leading worldwide company in the insurance and asset management sector, listed in Paris stock exchange, with a presence in over 65 countries.
AXA is prominent in the UN being a founding member of UNEP FI (UN Program related to sustainable insurance) is also an important party in the UN Treaty of Principles for Responsible Investment.
Bharti AXA GIC Ltd began all India operations from August 2008 after getting registered with Insurance Regulatory Authority of India (IRDA). At present, the company has 87 branches throughout the country. In its very first year of operation in 2009, it became the first general insurance company to receive dual ISO certifications 9001:2008 and 27001:2005.
Till now Bharti AXA GIC Ltd has issued over 9.8 million policies and settled over 1.3 million claims.
Bharti AXA GIC is offering a complete gamut of general insurance services including Bike Insurance.
The first vehicle owned by most people are two-wheelers as they provide an economical and easy way of transit to and fro work. Out of the entire vehicle market share, a large chunk of about 80% comprises of the two-wheeler market, and every 1000 people own 100 two-wheelers in the country.
Bharti AXA GIC Ltd. has thus realized the importance of two wheeler insurance and bike insurance, more so because as per statistics the average number of two wheelers stolen per day is 326 which works out to around 12-13 % two wheelers getting stolen annually.
The Motor Vehicles Act of India has made it compulsory for every bike /two wheeler owner to get their vehicles third party insured. Yet third party insurance has several deficits and several times is not able to suitably address losses incurred by the owner. Bharti AXA GIC Ltd. offers a comprehensive bike insurance plan to policy subscribers and is a much superior offer than third party bike insurances and hence is recommended over the latter.
Bharti AXA Bike Insurance is managed by a team of thorough professionals who provide immediate response and best possible assistance to its customers in any hour of need and emergency. The two wheeler insurance policy covers both the driver as well as the pillions.
Under several circumstances, the policyholder is not eligible for claims, and these include:
These policy features are optional and are offered to take care of specific or customized requirements of customers. Customers do not have to purchase a mixed policy with features they find irrelevant to their particular situations. The policy offers them ample flexibility to tailor make their optional covers as per their own individual requirements; they can select from a range of additional cover option so as to make their bike insurance policy more inclusive.
These optional features include:
These details are determinants of premium quoted and include:
Documents and Details to Always keep Handy
It is advisable for all bike policyholders to keep the following documents and details handy:
In the event of any mishap policyholder can download claim form from Bharti AXA website and call on their toll free number 1800-103-2292 or send message via SMS as “CLAIMS” to 5667700, customer can also email to email@example.com in the set format and get the claim number which needs to be saved by the policyholder for future reference. From the website, a customer can also get a list of networked garages and their addresses.
For raising claims policyholders should:
All policyholders should adhere to the guidelines and rules regarding claims as unexplained delay in reporting, vehicle registration and other protocols may lead to cancellation of claim benefits.
Claims are cleared within seven days by Bharti AXA upon timely receipt of all documents in proper form.