Bharti AXA Life Insurance, a joint venture between India’s Bharti Enterprises and AXA, has introduced a new plan that offers inclusive protection solution dubbed as Health and Life Secure.
The new plan offers triple benefits of life cover, hospitalisation and critical illness amid the ongoing Covid-19 pandemic and comprises financial security and comprehensive health and critical illness coverage.
According to the reports, Health and Life Secure covers 34 critical illnesses and provides maximum life coverage up to the age of 75 years with the entry age set between 18 to 65 years.
It offers two convenient sum assured options ₹1.5m and ₹2m with flexible premium payment term options of 5, 10, 15, 20 years till the age of 75 years.
Bharti AXA Life Insurance managing director and CEO Parag Raja has been quoted by Livemint as saying: “In view of the unprecedented environment and the fear arising out of coronavirus, the need of the hour is to address customers’ requirements of life protection, hospitalisation and critical illness benefits.”
The company plans to leverage its pan-India distribution network of 261 branches and over 40,000 advisors to distribute the new solution.
The company will also provide claims handler, quality servicing capabilities and grief support programme for customers as part of its drive to boost insurance penetration in the country.