JAMMU, July 8: Bharti Axa Life Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today launched first-of-its-kind ‘Health and Life Secure’, an inclusive protection solution with triple benefits of life cover, hospitalization and critical illness amid COVID19.
Health and Life Secure is an all-in-one protection solution that offers financial security and comprehensive health and critical illness coverage as a key differentiator in the domestic insurance market.
“In view of the unprecedented environment and the fear arising out of the Coronavirus infection and disease, Health and Life Secure is the need of the hour that addresses customers’ requirements of life protection, hospitalisation and critical illness benefits. The unique proposition of this all-embracing solution is that it offers financial security and support for managing health and critical illness expenses as well. This is in line with our vision and strategy to offer best-in-class insurance solutions to the customers”, said Parag Raja, Managing Director and CEO, Bharti Axa Life Insurance.
Health and Life Secure, available through Bharti Axa Life Flexi Term Plan with Critical Illness option and Bharti Axa LifeHospi Cash Benefit Rider and Bharti AXA Life Accidental Death Benefit Rider, is a combination that keeps finances of people secured against any health emergencies that might arise in the future.
Under this overarching solution, the maximum life coverage up to the age of 75 years is offered with the entry age of 18 to 65 years. It provides two convenient sum assured options Rs 15 lakh and Rs. 20 lakh with flexible premium payment term options of 5, 10, 15 and 20 years till the age of 75 years.
Health and Life Secure offers enhanced health coverage against life-threatening illnesses and major surgeries. It covers as many as 34 critical illnesses with affordable premium options. Customers have an option to choose from the comprehensive cover (34 illnesses) and major illnesses cover (15 illnesses). It has in-built waiver of premium for death cover in case of critical illness.
Bharti Axa Life Insurance will leverage its pan-India distribution network of 261 branches and more than 40,000 advisors to enable people to access this comprehensive insurance solution along with Claims Handler, Quality Servicing Capabilities and Grief Support Programme, as part of its drive to boost insurance penetration in the country.