Is Bharti Axa Life eProtect a recommended online term plan? What is the claim-to-settlement ratio for this plan?
- Suneel Chandra Kotha
Bharti Axa Life eProtect has a good past record with a claim settlement ratio of 92.64 percent and grievance resolution for the past financial year at 93.80 percent. The premium of this plan is comparatively low. You may also consider Max Life Online Term plan which has a similar premium range to that of Bharti Axa Life eProtect. The claim settlement ratio and grievance resolution ratios of Max Life Online Term plan were 98.63 and 99.98 percent respectively. You can carefully evaluate both these plans and take a decision accordingly.
Make sure to disclose all personal and health-related details so as to avoid any inconvenience for the family just in case the claim arises.