Life insurance is important because it provides peace of mind to your family members or loved ones in case of death, disability, or long-term care coverage. It also ensures that your assets will be passed on to them without any hassle. So, it is better to be insured. Choosing the best life insurance company is crucial for your future. Life insurance companies are a vital part of our society. They help us to stay protected in case of any unfortunate events that may happen.
The best life insurance company will provide you with the coverage that you need and will also offer competitive rates. The importance of choosing the best life insurance company cannot be overstated and this is why it is important to choose carefully. In this article, we compare the two best life insurance companies Aegon Life Insurance and Bharti AXA Life Insurance. We will compare the two companies on their coverage, pricing, and claims handling. We will also go into detail about the different types of policies offered by these companies and what they cover.
Aegon Life Insurance and Bharti AXA Life Insurance are two life insurance companies that offer similar services. They both offer term insurance policies that can be bought to provide financial protection in case of death or illness. However, they differ in the way they operate their business. Many factors go into the decision of which life insurance company to choose. Take a look at the Aegon Life Insurance Vs Bharti AXA Life Insurance comparison.
AEGON Life Insurance
The AEGON Life Insurance Company is a multinational insurance company headquartered in the Netherlands. The company provides life, health, and property-casualty insurance and other financial services. AEGON Life is one of the top digital life insurance companies; it was the first life insurance company to inaugurate online term insurance plans in India. AEGON Life insurance was launched together with AEGON N. V, an international provider of life insurance, pensions, and asset management, and Bennett Coleman & Company, India's largest media conjunction popularly known as the Times Group.
AEGON Life insurance company Ltd is dedicated to our customers securing their long-term financial future. With a recent global study approximate 92% of insurance are for household, education, plans, etc. AEGON is performing to help its customers achieve healthy and financial security. At AEGON Life insurance, you can rest assured knowing that you and your family’s unique needs are being taken note of and fulfilled. Here are some of the insurance products that AEGON Life insurance offers that will help you with what you need to keep your loved ones protected.
AEGON Life Insurance Plans List
| Type of Plans |
AEGON Life Insurance Plans |
| Term Insurance Plans |
- Aegon Life Saral Jeevan Bima Plan
- Aegon Life iTerm Insurance Plan
|
| ULIPS Plans |
- Aegon Life iInvest Plan
- Aegon Life iMaximize Plan
|
| Retirement Plans |
- Aegon Life Saral Pension Plan
- Aegon Life Jeevan Riddhi Insurance Plan
- Aegon Life Insta Pension Insurance Plan
|
| Savings Plans |
- Aegon Life POS Guaranteed Return Insurance Plan
|
| Money-Back Plans |
- Aegon Life Regular Money Back Insurance Plan
|
| Group Plans |
- Aegon Life Group Credit Shield Insurance Plan
- Aegon Life Group Term Plus Insurance Plan
|
| Other Plans |
- Aegon Life Rural Term Insurance Plan
- Aegon Life Covid-19 Insurance Plan
- Aegon Life Critical Illness Insurance
- Aegon Whole life insurance
|
What are the Benefits of AEGON Life Insurance?
- AEGON life insurance offers life insurance plans at a low premium rates
- AEGON life insurance offers a wide range of products for both individuals and businesses.
- AEGON life insurance has a dedicated team to help you find the right coverage
- AEGON life insurance plans offer maturity benefits, in-built assured with money-back and cash-back maturity values.
- AEGON Life insurance helps savings and gives protection to long-term financial payments.
- Premiums paid for AEGON life insurance policies are tax-free according to section 80c of the Income Tax Act, 1961.
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. It is one of India's leading business groups with interests in Telecom, agricultural business, and financial services. 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 Plans List
| 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
|
What are the Benefits of Bharti AXA Life Insurance?
- 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.
- Bharti AXA Life Insurance Company has an excellent team of customer service. Some of the virtues include fairness, consistency, agility, and flexibility.
- Bharti AXA Life insurance plans are quite cheap and provide comprehensive life cover on the payment of an affordable premium.
- Bharti AXA Life Insurance offers the facility to the policyholder to include special riders that allow additional benefits under specific circumstances.
- You can pay your premium at your convenience monthly, quarterly, half-yearly, or annually premium paying option.
- 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.
Comparison Table of AEGON Life Insurance vs Bharti AXA Life Insurance
| Parameter |
AEGON life Insurance |
Bharti AXA Life Insurance |
| Claim Settlement Ratio |
99.25% |
99.05% |
| Solvency Ratio |
3.40 |
1.78 |
| Inception |
2008 |
2006 |
| Number of Branches |
83 |
268 |
| Availability |
Online/Offline |
Online/Offline |
| Life Cover |
Up to 99 years |
Up to 99 years |
| Types of Plans |
- Term Insurance Plans
- ULIP Plans
- Savings Plans
- Retirement Plans
- Money Back Plans
- Group Plans
|
- Term Plans
- Child Plans
- Savings Plans
- Investment Plans
- Protection Plans
- ULIP Plans
- Retirement Plans
|
| E-services |
- Pay Premium Payment
- Claim Settlement
- Renew Online
- Buy Policy Online
- Track Policy
|
- Buy Policy
- Renew Policy
- Claim Settlement
- Download Statements
- Track Claims, etc.
|
| Riders Available |
- Critical Illness Rider
- Accidental Death Benefit Rider
- Waiver of Premium Rider
|
- Term Rider
- Premium Wavier Rider
- Hospi Cash Benefit Rider
- Accidental Death Benefit Rider
- Group Accidental Death Benefit Rider
|
Conclusion
Bharti AXA Life Insurance and AEGON Life Insurance are two of the most popular life insurance companies in India and both companies have their pros and cons. To make a better decision, you should make sure that you have all the information about these life insurance companies. However, this decision has become much easier with the help of PolicyBachat. If you are looking for Bharti AXA Life Insurance vs AEGON Life Insurance Comparison there are many factors that you should consider before deciding which one to choose.
The first thing that you should consider is the coverage and sum assured. Secondly, you should compare the premium rates to see which one is cheaper for you in terms of monthly payments and the total amount paid over some time. Lastly, you should look at the features offered by each company to see which one has more benefits that suit your requirement. This will helps you to know about key benefits, and features to buy the best life insurance.