A leading provider of insurance services, Bharti AXA General Insurance Company Ltd is a joint venture between the business group Bharti Enterprises and financial service provider AXA. The company launched national operations in 2008 and now has 87 branches across the country. Bharti AXA car insurance is one of the insurance products provided by the company.
Car Insurance Online from Bharti AXA
|Third Party Cover||Up to Rs.7.5 lakhs|
|Cashless Network Garages||2,500+|
|Incurred Claim Ratio 2017-18||81.74%|
|Net Earned Premium||Rs.1010.07 crore|
For car owners in the country, Bharti AXA General Insurance offers two types of car insurance policies – third-party liability car insurance and comprehensive car insurance.
Mandatory as per the Motor Vehicles Act, 1988, the third-party insurance policy offers coverage up to Rs.7.5 lakh and offers damage coverage to the third-party involved in the accident, and coverage for medical expenses if the accident leads to the bodily injury or disability of the third-party. In addition, if the third-party dies following the accident, the policy offers compensation to the dependents or family of the third-party. That said, the third-party car insurance policy is a basic car insurance policy and offers no coverage for the policyholder. Following an accident, the policyholder will have to meet the costs from his/her own pocket to repair the damages caused to the car and medical expenses if the accident leads to bodily injury or disability of the policyholder.
As the name suggests, the comprehensive car insurance policy offered by Bharti AXA Car Insurance offers coverage to the policyholder and the third-party for damages caused to the vehicles and coverage to meet the cost of medical expenses if the accident results in disability or bodily injury of any of the involved parties. In addition, if the car of the policyholder is damaged following a natural calamity such as a flood, earthquake, cyclone, landslide, etc., then coverage to meet the expenses for the repairs will be extended by the insurer. The comprehensive car insurance policy also offers coverage if the car catches fire and compensation if the car is stolen.
For a premium of Rs.750 over the base policy, policyholders can purchase the personal accident cover up to Rs.15 lakh for the policyholder, third-party and the occupants in the car. The personal accident cover offers 100% payout in the event of death or severe disability or injury.
|24/7 customer service|
|Easy & fast claim settlement|
|User friendly, digital transactions|
|Damages due to accidents, theft, riots, fire, natural calamities, transit by road, rail,inland waterways, air or lift||Gradual wear and tear over time|
|Personal accident cover for driver/owner||Loss due to electrical/mechanical failure|
|Third party liability||Nuclear risks|
|Property damage liability||Driving without driving license|
|Driving under the influence of alcohol|
|Driving outside India|
Depending of the selling price of the car manufacturer and the age of the vehicle, the following IDV rates are arrived at:
Bharti Axa has a good and reliable network of cashless garages across the country. At present there are over 2,500 network garages that provide high quality, hassle free and convenient services to policyholders. To know more information about the list of garages available in your locality or city, log on to the Bharti Axa website and refer to the exhaustive list.
The process to initiate a claim is simple and easy. In order to make a claim, the policyholder has to first intimate Bharti Axa and in case of an accident the police has to be informed. A claim can either be registered online by just filing one on the website, through SMS or even email. Those making a claim need to provide details such as their contact number, policy number, location of accident along with date and time, nature and extent of loss and also make a mention of any injuries caused, if any.
If your vehicle is damaged, you can choose from the list of Bharti Axa cashless garages and keep all the relevant documentation in hand such as the complete claim form, RC book, driver’s license, FIR copy etc. The following is the process to apply for a cashless claim:
Let’s take a look at the process.
You can make use of the premium calculator on the Bharti AXA website to know the approximate of the comprehensive car insurance premium. The premium of the comprehensive car insurance policy depends on several factors such as the age of the car, make and model, where the car will be driven, driving history of the policyholder, etc.
You can buy a car insurance policy either at the branch of the insurer or online on the Bharti AXA website.
Yes, Bharti AXA carries out cashless claim settlements provided that the car is repaired at a network garage of theirs.
As per the directive of the Supreme Court, long-term third-party car insurance policies have been made mandatory. For cars, the policy will be valid for a period of 3 years and soon the annual third-party car insurance policies will be phased out.
No, add-on covers such as the zero-depreciation cover, No Claim Bonus, personal accident cover and so on, have to be purchased over and above the premium of the base car insurance policy.
In order to ensure that they settle their motor insurance claims faster, Bharti AXA General Insurance has rolled out their very own claim settlement platform called Smart e-Survey. The app will help the company solve claims quicker which will be a benefit for their policyholders. According to the CEO, Smart eSurvey App empowers customers and our partner garages to connect with us and raise motor insurance claims survey request instantly and seamlessly. It helps vehicle owners receive speedy claims settlement. Post the launch of the app, the insurer expects to solve at least 20-25% of the vehicle claims in the first year of its functioning.
26 March 2019
With a number of lives lost and a thousands displaced from their houses over the last week weeks following the Kerala floods, insurer Bharti AXA has simplified the claims process for Kerala flood victims in the life insurance and the general insurance sector. According to the insurer, those affected by the floods have to just write an intimation to the insurer stating the insurer, with details of their bank account and a cancelled cheque, death certificate from any hospital, and Aadhaar copy of the nominee to kickstart the claims process. According to Bharti Axa, speaking to business standard, it said, in view of the deluged-ravaged Kerala and some districts of Karnataka and resultant loss of lives, we have set up a dedicated assistance cell at each district in Kerala and the flood-hit districts of Karnataka for simplified life claims with minimal documents. Bharti AXA understands the plight of our customers and endeavour to settle eligible claims expeditiously. If death certificate is not available, we shall accept a certificate from police, armed forces or any authorised hospital certifying the death of the life insured. In addition, the insurer has waived off late penalties for premiums and has even waived the cost for documentation of motor claims.
5 September 2018
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