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Bharti Axa Triple Health Insurance Plan

Life Insurance
  • Premiums as low as Rs.18/day for sum assured of Rs.1 crore
  • Paperless process available
  • Choose between lump sum and monthly payout options

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.

Eligibility - Who is the Bharti AXA Life Triple Health Insurance for?

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

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

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)    

Plan Coverage - What the Bharti AXA Life Triple Health Insurance covers?

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:

  • The policyholder will be required to choose the sum assured at the time of policy inception.
  • They will have to pay policy premiums as per the mode of payment chosen, for a period of 15 years.
  • The life insured will be covered for 13 critical illnesses specified in three different groups namely, Group A, Group B, and Group C.
  • You can make your first claim after a waiting period of just 90 days.
  • Once you have made a claim under one group, you will not be allowed to make claims under the same group again.
  • All future premium payments will be waived off after your first claim. However, the cover continues for critical illnesses.
  • The minimum survival period post each claim is 30 days.

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.

Exclusions - What the Bharti AXA Life Triple Health Insurance doesn’t cover?

  • None of the benefits mentioned under the policy shall be payable for a period of 48 months for treatment of pre-existing conditions.
  • AIDS and HIV related conditions are not covered under the plan.
  • Self-harm, suicide, immorality, and deliberate participation in a criminal act causing a critical condition.
  • Health issues arising from alcohol and drug abuse.
  • Injuries and diseases contracted from war and war like situations.
  • Radioactive contamination related to a nuclear incident.
  • Injuries and health issues arising from sporting activities such as scuba-diving, bungee jumping, skydiving, para gliding, etc.
  • Critical illnesses occurred within 90 days from the commencement of cover.
  • Congenial conditions.

Other Key Features – Free Look Period, Surrender Values, Premium Waiver, etc.

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.

Tax Benefits – How you can save with the Bharti AXA Life Triple Health Insurance Plan?

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.

Other Benefits – How you can save with the Bharti AXA Life Triple Health Insurance 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:
  • Citibank
  • SBI
  • Axis Bank
  • Corporation Bank
  • Deutsche Bank
  • HDFC Bank
  • ICICI Bank
  • Indian Overseas Bank
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:
  • AXIS Bank
  • Bank of Baroda
  • Bank of India
  • Cititbank
  • HDFC Bank
  • ICICI Bank
  • IDBI Bank
  • Indian Overseas Bank

Why you should buy the Bharti AXA Life Triple Health Insurance Plan from Bharti AXA?

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.