Bharti AXA expands product portfolio

CHENNAI: Bharti AXA General Insurance, the joint venture between Bharti Group and AXA, on Tuesday, unveiled a wide range of health insurance products. Speaking on the occasion, Kimsoon C
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CHENNAI: Bharti AXA General Insurance, the joint venture between Bharti Group and AXA, on Tuesday, unveiled a wide range of health insurance products.

Speaking on the occasion, Kimsoon Chua, Chief Operating Officer, Bharti AXA General Insurance, said, “We are aggressively trying to expand our operations in Tier II and Tier III cities as we see a huge potential in these places. Healthcare penetration in India is only 4 per cent which clearly shows that a large section of the society is under penetrated and hence needs insurance cover.’’

“Most of our products are unique and stand out as market differentiators. The key feature of our critical illness policy is that it covers 20 critical illnesses wherein it safeguards anyone for that matter against the unexpected,’’ he said.

The Southern region contributes 27 per cent of the overall business for the company with Tamil Nadu taking 11 per cent of the share.

Around 37,967 policies have been sold out and 4,443 claims settled till date from Tamil Nadu.

As of now, the company offers products like Smart Health Insurance Policy, Critical Illness Policy, Smart Health-High Deductibles Insurance Policy and Hospital Cash Cover.

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