Bharti AXA Life Insurance Vs HDFC Life Insurance

Many factors come into play when you are looking for life insurance. You need to know how much coverage you want and how much money you want to pay for it and how to choose the best life insurance company, and other factors. By comparing life insurance quotes online you can easily decide on which company to choose and it is helping you find the best life insurance policy that fits your requirement. ..Read More

Bharti AXA Life Insurance Vs HDFC Life Insurance Comparison

Bharti AXA Life Insurance and HDFC Life Insurance are two of the most popular life insurance providers in India. Both companies offer a range of products for different age groups and cover different needs. But which one is better? In this article, we will compare these two companies to help you make a decision on which one is the best for you.

Bharti AXA Life Insurance

Bharti AXA Life Insurance Company is a joint venture between Bharti Enterprises and the AXA Group, a multinational investment banking firm and financial expertise headquartered in Paris. Bharti AXA Life Insurance Company Limited provides a wide range of plans to their customers. It consists of saving plans, children's education plans, term insurance plans, ULIP plans, etc. Bharti AXA Life Insurance provides long-term value to its customers. It provides an excellent claim settlement ratio and gives the best services to its customers.

Bharti AXA Life Insurance Features & Benefits

  • Variety of Plans: Bharti AXA Life Insurance Company offers a variety of life insurance plans such as term insurance, savings, investment, health, group, and micro-life insurance plans online as well as offline to their customers.
  • Flexibility: You can pay your premium at your convenience monthly, quarterly, half-yearly, or annually premium paying option.
  • Customer Services: Bharti AXA Life Insurance Company has an excellent team of customer service. Some of the virtues include fairness, consistency, agility, and flexibility.
  • Affordable Premiums: Bharti AXA Life insurance plans are quite cheap and provide comprehensive life cover on the payment of an affordable premium.
  • Tax Benefits: Bharti AXA Life Insurance plans offer tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961 provides tax benefits for premiums paid regularly.
  • Add-ons/ Riders: Bharti AXA Life Insurance offers the facility to the policyholder to include special riders that allow additional benefits under specific circumstances.

List of Bharti AXA Life Insurance Plans

Type of Plans Bharti AXA Life Insurance Plans
Term Plans
  • Bharti AXA Life Flexi Term Plan
  • Bharti AXA Life Saral Jeevan Bima Plan
  • Bharti AXA Life Premier Protection Plan
  • Bharti AXA Life Grameen Jeevan Bima Yojana Plan
  • Bharti AXA Life Smart Jeevan Plan
  • Bharti AXA Life Income Protection Plan
  • Bharati AXA Life POS Saral Jeevan Bima Yojana
  • Bharti AXA Life Flexi Term Pro Plan
Savings Plans
  • Bharti AXA Life Shining Stars Plan
  • Bharti AXA Life Elite Advantage Plan
  • Bharti AXA Life Super Series Plan
  • Bharti AXA Life Guaranteed Income Pro Plan
  • Bharti AXA Life Super Endowment Plan
  • Bharti AXA Life Monthly Income Plan Plus
  • Bharti AXA Life Dhana Varsha Plan
  • Bharti AXA Life Samriddhi Plan
  • Bharti AXA Life Monthly Advantage Plan
  • Bharti AXA Life Secure Income Plan
  • Bharti AXA Life Guaranteed Income Plan
  • Bharti AXA Life POS Saral Bachat Yojana Plan
  • Bharti AXA Life Aajeevan Sampatti Plus Plan
  • Bharti AXA Life Flexi Save Plan
  • Bharti AXA Life Serv Suraksha Plan
  • Bharti AXA Life Unnati Plan
Child Plans
  • Bharti AXA Life Child Advantage Plan
ULIP Plans
  • Bharti AXA Life Wealth Pro Plan
  • Bharti AXA Life eFuture Invest Plan
  • Bharti AXA Life Grow Wealth Plan
  • Bharti AXA Life Future Invest Plan
Retirement Plans
  • Bharti AXA Life Aajeevan Sampatti+
  • Bharti AXA Life Grow Wealth
  • Bharti AXA Life Super Endowment Plan
  • Bharti AXA Life Dhan Varsha
  • Bharti AXA Life Saral Pension Plan

HDFC Life Insurance

HDFC life insurance is one of the best providers of life insurance in India. It is a joint venture between HDFC Ltd and standard life Aberdeen, a global investment company. HDFC Life insurance company is a leading long-term life insurance provider. It offers traditional as well as innovative products for individual and group insurance solutions to its customers. HDFC Life Insurance Co Ltd has 13 group plans, 37 individual, and 7 optional rider benefits which will benefit the customer’s needs. HDFC Company has partnerships with NBFCs, MFIs, and SFBs, these make HDFC Life Insurance company a strong base of financial consultants.

HDFC Life Insurance Features & Benefits

  • Variety of Products: HDFC Life Insurance Company provides a wide range of plans to their customers such as term insurance plans, Savings plans, Investment plans, Pension plans, Health plans, Child plans, etc. So, you can choose the plan which suits your requirements.
  • Affordable Price: HDFC Life Insurance plans are specially designed to fulfill your requirements at an affordable price.
  • Customer Support: HDFC Life Insurance Company provide its customers with high-class services and it has a robust customer care service that is available to its customers 24X7.
  • Riders: This accidental death covers you with additional payouts in case of any death that happened in a road accident. The critical illness covers you with 19 illnesses that will secure your family against the loss of income due to any illness diagnosed.
  • Life Cover till 99 years: To ensure your financial protection for the family when you are not around with a life cover up to 99 years at affordable premiums.

List of HDFC Life Insurance Plans

Type of Plans HDFC Life Insurance Plans
Term Plans
  • HDFC Life Click 2 Protect Life
  • HDFC Life Saral Jeevan Bima
Savings Plans
  • HDFC Life Sanchay Plus
  • HDFC Life Sanchay Par Advantage
  • HDFC Life Sanchay
  • HDFC Life ClassicAssure Plus
  • HDFC Life Super Income Plan
  • HDFC Life Sampoorn Samridhi Plus
  • HDFC Life Uday Plans
  • HDFC Life Pragati Plans
ULIP Plans
  • HDFC Life Click 2 Wealth
  • HDFC Life Click2Invest ULIP
  • HDFC Life ProGrowth Plus
  • HDFC SL ProGrowth Super II
  • HDFC SL Crest
  • HDFC SL ProGrowth Flexi
  • HDFC Life Smart Woman Plan
  • HDFC Life Pragati Plans
  • HDFC Life Sampoorna Nivesh
  • HDFC Life Classic One
  • HDFC Life Capital Shield
Pension Plans
  • HDFC Life New Immediate Annuity Plan
  • HDFC Life Click 2 Retire
  • HDFC Guaranteed Pension Plan
  • HDFC Life Personal Pension Plus
  • HDFC Life Assured Pension Plan
  • HDFC Life Saral Pension
Guaranteed Income Plans
  • HDFC Life Click 2 Wealth
  • HDFC Life Click 2 Retire
  • HDFC Life Youngstar Udaan
POS Plans
  • HDFC Life Guaranteed Savings Plan
Combo Plans
  • HDFC Life Sanchay Maximiser

Comparison Table of Bharti AXA vs HDFC Life Insurance

Here are some of the key parameters based on which they differ from each other:

Parameter Bharti AXA Life Insurance HDFC Life Insurance
Claim Settlement Ratio 99.02% 98.66%
Solvency Ratio 1.78 2.01
Inception 2006 2000
Number of Branches 268 390
Availability Online/Offline Online/Offline
Life Cover Up to 99 years Up to 99 years
Types of Plans
  • Term Plans
  • Child Plans
  • Savings Plans
  • Investment Plans
  • Protection Plans
  • ULIP Plans
  • Retirement Plans
  • Term Plans
  • Child Plans
  • Savings Plans
  • ULIP Plans
  • Pension Plans
  • Health Plans
  • POS Plans
E-services
  • Buy Policy
  • Renew Policy
  • Claim Settlement
  • Download Statements
  • Track Claims, etc.
  • Update Information
  • Claim
  • Renew/Revive Policy
  • Buy Policy
  • Pay Premiums, etc.
Riders Available
  • Term Rider
  • Premium Wavier Rider
  • Hospi Cash Benefit Rider
  • Accidental Death Benefit Rider
  • Group Accidental Death Benefit Rider
  • Critical Illness Plus Rider
  • Accidental Disability Rider
  • Income Benefit Rider
  • HDFC Life Protect Plus Rider

How to Compare Bharti AXA vs HDFC Life Insurance Plans?

You can get the instant comparison of Bharti AXA life insurance and HDFC life insurance in simple steps

  • Visit the PolicyBachat Website and select the ‘Life’ tab.
  • Enter your Name, Date of Birth, and Mobile Number.
  • Click on the ‘View Plans’ button.
  • Just Answer 5 Simple Questions.
  • Select your ‘Gender’.
  • Select ‘YES’ or ‘No’ if you have Smoked or Chewed Tobacco in the last 12 months.
  • Select your ‘Annual Income’.
  • Select your ‘Education Qualification’.
  • Choose your ‘Occupation Type’.
  • Enter your ‘Email Address’.
  • Then click on ‘Start Saving Money’.
  • Premium Quotes of top life insurance plans will be displayed where you can compare plans, premiums, and benefits.
  • You can add riders; edit your sum insured, policy premium frequency, etc.
  • Purchase the best life insurance policy using online payment

Conclusion

The decision to choose a life insurance plan from the best life insurance company is a tough one. There are many factors that you need to consider before you can decide which one is the best for your needs. You need to look at the coverage, the premium, and what type of policy suits your needs.

To make a better decision, you should make sure that you have all the information about life insurance companies available in the market. However, this decision has become much easier with the help of PolicyBachat. Know all the key features and benefits of Bharti AXA Life Insurance and HDFC Life Insurance. To buy the best life insurance policy compare life insurance quotes at Policybachat.

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