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 their grievance resolution for the past financial year was 93.80 percent. The premium for this plan is comparatively on the lower side. You may also consider Max Life Online Term plan which has a similar premium range to that of Bharti Axa Life eProtect. Apart for that, the claim settlement ratio and grievance resolution ratios for Max Life 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.
This article was originally published on June 07, 2016.
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