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Bharti Axa Life Insurance a joint venture between Bharti Group and the French Axa Group who is coming out with series of new innovative products to cater the varied needs of customers. 

If you fret that your finances may dry up if handed the pink slip or how your funeral will be funded, Bharti Axa Life Insurance Company soon will come out with a series of innovative products promising to address at least a part of such anxieties. 

Bharti Axa planning to include funeral expenses in its life insurance policy which will pay funeral expenses within 48 hrs of an intimation of death claim even though full settlement of claims take much more time. 

Bharti Axa who is looking forward to provide job-loss rider which will provide compensation to policyholder for the specified period if he loses job suddenly. Company also taking steps to make procedure simpler to customer by providing them one page drafted policy in simple language to save cost. 

Bharti Axa had already started paying the full fund value of unit-linked policies within 48 hours after filling the claims. Surrender values of participating policies of traditional plans companies started paying immediately. 

The claims sometimes delayed by the wanted documents or investigation reports. But with simplifying the claims procedure company making effort to reduce time. Company believes efforts like these will help to reduce the cost and expenses. 

During the first of current financial year, operating expenses of Bharti Axa Life Insurance came down by Rs. 3.5 crore compare to last years record. It earned Rs. 368 crore from premia during the period up from Rs. 263 crore. 

Bhari Axa Life coming out with innovative ideas such as cover for funeral expenses, job-loses. The company also working on to improve their operational service which will help them to reduce cost and improve efficiency. 

Know more about Life Insurance Policies in India.