• Bharti Axa Critical Illness Plan

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    With a high claim settlement ratio of 98.27%, Bharti Axa Critical Illness insurance is a policy specifically designed to cover serious illnesses. The sudden and rapid rise in the number of people suffering from these kind of illnesses has made insurance a must to cover the high costs of medical care. The Bharti Axa Critical Illness insurance policy covers as many as 20 critical ailments and has a good network of cashless hospitals across the country.

    Eligibility - Who is the Bharti Axa Critical Illness for?

    You have to meet the following conditions to be eligible for the Bharti Axa Critical Illness insurance plan:

    Minimum age at entry 3 months
    Maximum age at entry 55

    All residents of India are eligible to purchase this plan. Also, children in an age group of 90 days to 5 years are allowed to be covered if one or both of the parents are policyholders. Those who are 45 years of age and above need to take medical tests as mandated by the insurance provider as a prerequisite before purchasing the policy.

    Sum Assured and Premium Range - What you get and what it costs?

    Premium- The amount of premium paid differs for individual plans and family plans. However, in both cases, the premium is calculated based on the completed age of the policyholder. Premium should be paid in advance.

    Premium payment term Regular pay
    Minimum sum assured Rs.2 lakh
    Maximum sum assured Rs.5 crore

    Plan Coverage - What Bharti Axa Critical Illness Plan covers?

    The Bharti Axa Critical Illness policy provides protection against 20 critical illnesses. You can either choose an individual plan or a family floater plan. The policy will cover hospitalization expenses on an indemnity basis, costs towards pre-hospitalization, post-hospitalization, dread disease recuperation, transplantation of organs. In case the policyholder is diagnosed with any disease, the insurance provider will be given a lump-sum amount. This benefit will be paid if the insured party survives for more than 30 days after being diagnosed.

    Below are the illnesses covered under the Plan:

    First heart attack
    Coronary artery disease
    Coronary artery bypass surgery
    Heart valve surgery
    Surgery to aorta
    Kidney failure
    Aplastic anaemia
    End stage lung disease
    End stage liver failure
    Major burns
    Organ/bone marrow transplantation
    Multiple sclerosis
    Fulminant hepatitis
    Motor neurone disease
    Primary pulmonary hypertension
    Terminal illness
    Bacterial meningitis

    Exclusions - What Bharti Axa Critical Illness Plan doesn’t cover?

    • In case any ailment is diagnosed within the first 60 days of the first year of the policy term
    • Pre-existing diseases that were diagnosed before the commencement of the policy. However, policyholders will be eligible to get pre-existing conditions covered after four continuous renewals.
    • Pregnancy or childbirth related issues
    • ARCS-AIDS related complex syndrome, HIV, AIDS
    • Illnesses due to consumption of drugs or alcohol
    • Self-harm
    • Overseas treatment
    • Injuries caused due to criminal or illegal acts
    • Experimental medication or treatments
    • Treatment at home/ self-medication or unscientific treatment
    • Unani or naturopathy
    • Cosmetic or plastic surgery
    • Mental or psychological problems
    • Congenital internal disease

    Other Key Features – Free-look Period, Surrender Values, Grace Period, etc.

    • Free-look period- Bharti Axa provides policyholders the benefit of a 15-day free-look period from the date of commencement of the policy, during which, one can review the terms and conditions of the policy. If the customer is not comfortable with any of the mentioned conditions, he or she can cancel the policy by providing a reason. The premium spent will be refunded after availing deductions for medical check-up and stamp duty. However, this offer cannot be availed if any claim has already been made.
    • Grace Period-A grace period of 30 days will be provided to initiate the renewal process. However, the policyholder should note that during the break period during policy renewal, no coverage will be provided.

    Tax Benefits – How you can save with Bharti Axa Critical Illness Policy?

    Customers will be eligible for a tax exemption under section 80D of the Income Tax Act.

    Other Benefits – How you can save with the Bharti Axa Critical Illness Plan?

    • Family floater advantage- A customer can choose to go for this plan under which the whole family can be insured for a particular sum. The policyholder can insure himself, spouse, and two dependent children who are 23 years old or younger. The premium paid for this plan will cover expenses for more than one claim during the policy period.
    • Renewal discount- Those purchasing this policy can avail a discount of up to 5% at the time of renewal if it was a claim-free year. Discounts of up to 25% are offered.
    • Good policy servicing- A specified third party administrator will be assigned to take care of the claims made and also provide cashless hospitalization services.
    • Medical examination cost reimbursement- The insurance provider is obligated to provide reimbursement of not less than 50% towards costs of medical examination.
    • Portability- If the policyholder wants to migrate to another policy they can avail this benefit during the renewal process. However, this benefit will only be available if the policy was maintained without any breaks.
    • Sum insured enhancement- Enhancement of the sum insured can be done during the time of renewal id no claim has been made under the policy. The sum insured can be enhanced up to the next available sum insured slab. The company may ask the policyholder for health documents.

    Other additional benefits under the policy are given below:

    Hospital cash allowance
    Home nursing
    Ambulance charges
    In-patient physiotherapy
    Recovery grant
    Accompanying person expenses
    Children education benefit
    Carriage of mortal remains

    Why you should buy the Bharti Axa Critical Illness Plan from Bharti Axa?

    A joint venture between Bharti Group and Axa, Bharti Axa General Insurance is one of the largest insurance service providers across the world. Bharti Axa Critical Illness plan is one of the insurance products available from this provider. This particular plan, unlike other plans, the insured party is given a lump-sum amount. This will help meet day-to-day expenses.

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