Increasing healthcare costs is a growing concern for families of today. To combat this situation, a health care plan is an imperative. Bharti AXA Life Triple Health Insurance Plan is a health insurance product offered by Bharti AXA Life which allows you multiple critical illness claims. The plan comes with a higher sum assured to help you meet your unexpected health care needs.
You have to meet the following conditions to be eligible for Bharti AXA Life Triple Health Insurance plan:
|Minimum age at entry||18 years|
|Maximum age at entry||65 years|
|Age at maturity||80 years|
The policy allow you a maximum of 3 claims based on the groups of critical illnesses you have chosen at the time of joining. It divides 13 critical illnesses into three groups, Group A, Group B, and Group C.
|Policy term||15 years|
|Premium payment term||15 years|
|Minimum sum assured||Rs.2 lakh|
|Maximum sum assured||Rs.30 lakh|
|Premium payment mode||Annual, semi-annual, quarterly, and monthly|
Given below are the details of the critical illnesses covered under each group. Policyholders are eligible for a full claim amount each time, irrespective of whether the illness comes under Group A, Group B, or Group C.
|Group A||Group B||Group C|
|The entire sum assured is payable||The entire sum assured is payable||The entire sum assured is payable|
|The first instance of a heart attack (of specified severity)||Coma (the severity of which is specified)||Cancer (the severity of which is specified)|
|Open chest Coronary Artery Bypass Graft Surgery (CABG)||Multiple Sclerosis with continuing symptoms||Non-cancerous brain tumor|
|Kidney or heart transplant||Liver or lung transplant||Bone marrow transplant|
|Kidney failure which requires regular diagnosis|
|Heart valve surgery|
|Stroke with permanent symptoms|
|Paralysis of limbs (permanent nature)|
If the policyholder encounters the critical illnesses as specified in the policy documents anytime during the policy term, he/she will be eligible for 100% of the sum assured offered under the policy. The maximum number of claims a person can make is three. Here’s how the policy works:
Refer to the below table to understand more about the policy payouts.
|First claim for critical illness||100% of the sum assured will be provided and all future premiums will be waived off|
|Second claim for critical illness||100% of the sum assured if the condition is not listed in the same group for which compensation was already paid. It’s subject to a no-benefit period of 365 days.|
|Third claim for critical illness||100% of the sum assured if the condition is not listed in the same groups for which compensation was already paid. It’s subject to a no-benefit period of 365 days.|
|Grouping of critical illnesses||The plan groups 13 critical illnesses into three different groups. You can make claims from each group and the sum assured will be 100% each time.|
|Free Look Period||If the policyholder disagrees with the terms and conditions mentioned the policy contract, he/she can return the policy back to the insurer within 15 days of receipt of the policy documentation. This interval is referred to as the free-look period. The policyholder is then eligible for a refund of the premiums paid minus the charges borne by the insurer for stamp duty and medical examination.|
|Grace Period||The grace period allowed for all premium modes will be 30 days from the date of premium payment.|
|Survival Period||There is a minimum survival period applicable for each of the three claims a policyholder is entitled to. The minimum survival period is 30 days.|
|Waiting Period||No critical illnesses contracted during 90 days from policy inception shall be covered. Also, after making a claim there shall be a no-benefit period of 365 days.|
|Premium Waiver||Once a policyholder makes his/her first claim, the company will waive of all the future premium payments and the cover will continue.|
|Reinstatement of policy||The policy can be reinstated within 2 years from the date of first unpaid premium.|
Policyholders can avail tax benefits under Section 80D of the Income Tax Act, 1961. The tax laws are subjected to change from time-to-time and therefore, customers are advised to consult a tax advisor before purchasing the plan.
You can pay your premiums online through the Bharti AXA website without any registration. Payments can be made through the following channels:
|Debit Cards||Debit cards of the following banks are accepted:
|Credit Cards||AMEX credit card, Diners credit card, Master credit card, and Visa credit card|
|Net Banking||You can also make payments through any of the net banking accounts:
Bharti AXA Life Insurance is a joint venture between Bharti and AXA with 74% stakes from Bharti and the remaining by AXA. Ever since the launch, the company has expanded its distribution network to cater to the specific needs of customers. The company offers cashless hospitalization facility to customers through its 4300 + network hospitals. Customers can use the hospital locator facility of the insurer to find the nearest network hospital.