LIC vs Bharti AXA
  • Scout the best life insurers
  • Achieve your financial goals
  • Rich mix of products
Life insurance companies
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

Gender

Age

Select Insurer

LIC Life vs Bharti AXA Life Insurance 2024

LIC and Bharti AXA both are one of the top life insurance providers in India. Both the companies offer comprehensive life insurance plans offering life cover from 10 to 99 years of age. The product portfolio of both of them is vast and caters to unique needs of the customers. The claim settlement ratio of LIC is 98.74% whereas Bharti AXA has 99.09% CSR for the FY 2022-23. The companies provide benefits such as high sum assured, flexible premiums, customizable coverage, rider benefits, options for premium payment terms, maturity benefits, online discounts, non-smoker discounts and various plan options to choose from.

PLAN DETAILS Edit LIC

LIC

 Edit bharti-axa-life

Bharti AXA
Number of life insurance plans and add-ons
Entry Age (Min-Max) 18-65 years 18-65 years
Policy Term 5 to 40 years 5 - 50 years
maturity Age (Min-Max) 21 to 70 years 25-70 years
Claim settlement ratio (CSR) 98.74% 99.09%
Asset under managment (AUM) 509000 Crores 143020 Crores
Solvency ratio 1.8 1.7
Policy Type
  • Term insurance
  • Whole life policy
  • Endowment Plan
  • ULIP
  • Money-back Plan
  • Pension Plan
  • Micro Insurance Plan
  • Withdrawn Plan
  • Group Insurance Plan
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 5 Lakh
  • Minimum- 5 Lakh
  • Maximum- No Limit
Optional Additional Riders
  • Critical illness riders
  • Accidental death and disability benefit rider
  • Group accidental death benefit rider
  • Linked complete shield rider
  • non-linked complete shield rider
  • Term rider
  • Premium waiver rider
  • Hospi cash benefit rider
  • Group accidental death benefit rider
  • Critical illness riders
  • Accidental death and disability benefit rider
  • Group accidental death benefit rider
  • Linked complete shield rider
  • non-linked complete shield rider
  • Term rider
  • Premium waiver rider
  • Hospi cash benefit rider
  • Group accidental death benefit rider
Number of term plans 4 4
Exclusions Suicide or self inflicted Injury Suicide or self inflicted Injury
Death Benefit Yes Yes
Survival Benefit Yes Yes
Claims procedure Both (Online+offline) Both (Online+offline)
Type of the insurer Government Private
Online buying facility for life plans Yes Yes
Premium payment options Monthly/Quarterly/Half Yearly/Annually Single/limited/Regular
Online claim facility Yes Yes

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

Bharti AXA Term Insurance Plans

Bharti AXA Flexi Term Pro

The plan offers a lump sum or monthly income to the family upon the policyholder's demise, with guaranteed payouts of up to 150% and tax benefits.

Unique Features

  • 100% to 150% of total premium
  • Death Benefits
  • Special Surrender Benefit

Flexi Term Pro (Pros)

  • Maturity Benefit
  • Loans Are Allowed
  • Guaranteed Monthly Income

Flexi Term Pro (Cons)

  • 1 Yr WP For Suicide
  • Unpaid Policy Lapses
  • Limited Revival Period

Flexi Term Pro (Other Benefits)

  • Easy Enrollment
  • Life Cover For Policy Term
  • Flexible-Premium Payment Modes

Flexi Term Pro (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - NA
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - 5 To 20 Yrs

Bharti AXA Saral Jeevan Bima

Non-Linked Non-Participating term insurance plan with a double sum assured on death due to accident and tax benefits.

Unique Features

  • Flexible policy term
  • Rider benefit
  • Discounts for women

Saral Jeevan Bima (Pros)

  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Bharti AXA Flexi Term Plan

An individual pure risk premium plan that covers critical illness at the age of 75 and comes with2 cover options.

Unique Features

  • 75 CI covered
  • Comprehensive cover
  • Major illness cover

Flexi Term Plan (Pros)

  • Cancer of Specified Severity Cover
  • Flexibility for Coverage Period
  • 105 % Death Benefit

Flexi Term Plan (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Flexi Term Plan (Other Benefits)

  • Suicide Cover
  • Waiver of Premium on CI
  • Multiple Death Benefit Payout Options

Flexi Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 10L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - Fixed (5 & 20 Yrs)

Bharti AXA Grameen Jeevan Bima Yojana

Non-Linked Non-Participating Life Term Micro Insurance Plan. It offers flexibility to opt 2 plan options and tax benefits.

Unique Features

  • Pure protection plan
  • Protection with ROP
  • Tax benefits

Grameen Jeevan Bima Yojana (Pros)

  • Loans Are Allowed
  • Surrender Benefit
  • Rider Benefit

Grameen Jeevan Bima Yojana (Cons)

  • No HIV Cover
  • No Discount Available
  • 1 Yr Waiting Period For Suicide

Grameen Jeevan Bima Yojana (Other Benefits)

  • Death Benefit
  • Max Sum Assured 2L
  • Policy Can Be Bought Online

Grameen Jeevan Bima Yojana (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 10K
  • Maximum Maturity Age - 65 Yrs
  • Premium Payment Term - RP/SP

Bharti AXA eProtect Term Plan

An affordable online term insurance plan that ensures protection for your loved ones with an inbuilt family care benefit feature and covers up to 75 years of age.

Unique Features

  • Life Insurance Benefit
  • Family Care Benefit
  • Reward for Non-Smokers

eProtect Term Plan (Pros)

  • Premium Discounts Available
  • Quick Family Care Payout
  • Cost Effective Payout

eProtect Term Plan (Cons)

  • 1 Yr WP For Suicide
  • Unpaid Policy Lapses
  • No Maturity Benefit

eProtect Term Plan (Other Benefits)

  • Online Purchasing Of Policy
  • Easy Revival
  • Flexible-Premium Payment Modes

eProtect Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - 10 To 75 Yrs

Bharti AXA POS Saral Jeevan Bima Yojana

Non-Linked Non-Participating term insurance policy provides double the sum assured on death due to an accident.

Unique Features

  • Flexible policy term
  • No medical test required
  • Tax benefits

POS Saral Jeevan Bima Yojana (Pros)

  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

POS Saral Jeevan Bima Yojana (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

POS Saral Jeevan Bima Yojana (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

POS Saral Jeevan Bima Yojana (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Bharti Axa Life Suraksha

A comprehensive term insurance plan that provides whole life cover, flexible premium payment options, with joint and single life coverage at reasonable prices.

Unique Features

  • 100% Death Benefit
  • Two Plan Options
  • Special Exit Value

Life Suraksha (Pros)

  • Surrender Benefit
  • Maturity Benefit with ROP
  • Lower Rates for Non-Smokers

Life Suraksha (Cons)

  • No Policy Loan Allowed
  • Excludes Suicide Within 1 Year
  • Limited Revival Window After Policy Lapse

Life Suraksha (Other Benefits)

  • Suicide Cover
  • Paid-Up Benefit
  • Discounts for Females

Life Suraksha (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - 99 Years
  • Premium Payment Term - 5 To 85 Yrs

Bharti AXA Group Suraksha

A group term plan designed for co-operatives, institutions, and NGOs, offering life insurance coverage to members' families in case of unfortunate death.

Unique Features

  • Death Benefit
  • Size of Group 15
  • Lower Rates for Non-Smokers

Group Suraksha (Pros)

  • Surrender Benefit
  • No Requirement For Medical
  • Flexible-Premium Payment Mode

Group Suraksha (Cons)

  • No Policy Loan
  • No Survival Benefit
  • Max SA is 25 K

Group Suraksha (Other Benefits)

  • Suicide Cover
  • Paid-Up Benefit
  • Affordable Premiums

Group Suraksha (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 54 Years
  • Minimum Sum Assured - Rs 5000
  • Maximum Maturity Age - 55 Years
  • Premium Payment Term - Adaptable

Bharti AXA POS Saral Bachat Yojna

This is a simple insurance policy with low premiums, offering Maturity and Death Benefits, along with tax advantages.

Unique Features

  • Death Benefit
  • Loan Benefit
  • Flexible-Premium Payment Terms

POS Saral Bachat Yojna (Pros)

  • Maximum SA 10 L
  • Surrender Benefit
  • Maturity Age of Policy 60 Yrs

POS Saral Bachat Yojna (Cons)

  • No ROP
  • No Rider Benefit
  • No Bonus Available

POS Saral Bachat Yojna (Other Benefits)

  • Surrender Benefit
  • Maturity Benefit
  • Suicide benefit

POS Saral Bachat Yojna (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Minimum Sum Assured - Rs 15000
  • Maximum Maturity Age - 60 Years
  • Premium Payment Term - 6, 8, 10 & 12 Yrs

Life Insurance Articles

Top 5 Benefits of Life Insurance

Top 5 Benefits of Life InsuranceJan, 2024

GST On Life Insurance

GST On Life InsuranceAug, 2023

Importance of Life Insurance

Importance of Life InsuranceAug, 2023

Factors That Affect Life Insurance Premiums

Factors That Affect Life Insurance Premiums July, 2023

Life Insurance For Cancer Patients

Life Insurance For Cancer Patients July, 2023

Difference Between ULIP and Traditional Plans

Difference Between ULIP and Traditional Plans July, 2023

Grace Period In Life Insurance Policy

Grace Period In Life Insurance Policy July, 2023

Life Insurance With Maturity Benefits

Life Insurance With Maturity Benefits July, 2023

Difference Between Life Insurance and Health Insurance

Difference Between Life Insurance and Health July, 2023

Benefits of Life Insurance

Benefits of Life InsuranceJuly, 2023

Advantages and Disadvantages Of Life Insurance

Advantages and Disadvantages Of Life July, 2023

Life Insurance Premium

Life Insurance PremiumJune, 2023

Cash Value Of Life Insurance

Cash Value Of Life InsuranceJune, 2023

Free Look Period in Life Insurance

Free Look Period in Life InsuranceJune, 2023

Ladli Laxmi Yojana Policy

Ladli Laxmi Yojana PolicyMay, 2023

Bima Sugam Life Insurance

Group Term Life InsuranceMarch, 2023

Bima Sugam Life Insurance

Bima Sugam Life InsuranceDecember, 2022

Whole Life Insurance Policy

Whole Life Insurance PolicySeptember, 2022

Sabse Pehle Life Insurance

Sabse Pehle Life InsuranceApril, 2022

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Pandemic Challenges in Life Insurance

Pandemic Challenges in Life InsuranceMay, 2021

Term Life vs. Traditional Life Insurance- Which Is Better?

Term Life vs. Traditional Life Insurance- Which Is Better?January, 2021

How to Get Duplicate LIC Policy Bond?

How to Get Duplicate LIC Policy Bond?October, 2020

How To Check ICICI Prudential Life Insurance Policy Status?

How To Check ICICI Prudential Life Insurance Policy Status?May, 2020

What Are Late Payment Charges For LIC Premiums?

What Are Late Payment Charges For LIC Premiums?September, 2020

How To Check SBI Life Insurance Policy Status?

How To Check SBI Life Insurance Policy Status?April, 2020

Life Insurance Claim Process & Requirements

Life Insurance Claim Process & RequirementsJuly, 2020

SBI Life Insurance Premium Payment

SBI Life Insurance Premium PaymentApril, 2020

Guaranteed Income Plan

Guaranteed Income PlanJune, 2020

ICICI Prudential Life Insurance Login and Registration

ICICI Prudential Life Insurance Login and RegistrationApril, 2020

ICICI Prudential Premium Payment

ICICI Prudential Premium PaymentMay, 2020

Revival of Lapsed LIC Policy - Steps to Revive It Online

Revival of Lapsed LIC Policy - Steps to Revive It OnlineDecember, 2019

See More Life Insurance Articles

Quick and Free Quick Comparison with Other Insurers

LIC vs HDFC Life
LIC vs ICICI Prudential
LIC vs SBI Life
LIC vs Max Life
LIC vs TATA AIA
LIC vs PNB Metlife
LIC vs Bajaj Allianz
LIC vs Aegon Life
LIC vs Kotak Mahindra
LIC vs Canara HSBC
LIC vs Bharti AXA
LIC vs Aviva Life
LIC vs IndiaFirst Life
LIC vs Exide Life
LIC vs Edelweiss Tokio
LIC vs Ageas Federal
LIC vs Future Generali
LIC vs Birla Sun
LIC vs Reliance Life
LIC vs DHFL Pramerica
LIC vs Shriram Life
LIC vs Sahara India
Bharti AXA vs LIC
Bharti AXA vs HDFC Life
Bharti AXA vs ICICI Prudential
Bharti AXA vs SBI Life
Bharti AXA vs Max Life
Bharti AXA vs TATA AIA
Bharti AXA vs PNB Metlife
Bharti AXA vs Bajaj Allianz
Bharti AXA vs Aegon Life
Bharti AXA vs Kotak Mahindra
Bharti AXA vs Canara HSBC
Bharti AXA vs Aviva Life
Bharti AXA vs IndiaFirst Life
Bharti AXA vs Exide Life
Bharti AXA vs Edelweiss Tokio
Bharti AXA vs Ageas Federal
Bharti AXA vs Future Generali
Bharti AXA vs Birla Sun
Bharti AXA vs Reliance Life
Bharti AXA vs DHFL Pramerica
Bharti AXA vs Shriram Life
Bharti AXA vs Sahara India
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.