Bharti AXA general insurance add on covers to know more visit on http://www.bharti-axagi.co.in.

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Bharti AXA General Insurance
Add-on Covers

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Agenda
Add-on covers

3. Why Add-ons ???
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Win-Win situation for all
• Increase ticket size ~
increase commission
• Increase loyalty, easy
renewals and increase in
customer retention YOY
• Overall development of all
sectors related to
insurance like
Manufacturers, Garages,
Surveyors, Assistance
service providers, medical
service providers, IT
solutions etc…
• Increase ticket size,
increase top line
• Flexibility to differentiate
its product from
competitors
• Increase profitability
• Increase loyalty/ renewal
and customer base
• Address specific customer
needs
• Flexibility to customer to
add value to existing
coverage
• Complete coverage ~ less
hidden out-of-pocket
expenses
• Lifestyle & convenience
with Security Customer
Insurance
company
Agent &
IMDs
Other
Third
parties

4. Add-on Covers
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No Claim Bonus Protection cover

5. No Claim Bonus Protection cover -
Same Slab Cover
 Company would assign same slab of NO CLAIM BONUS
percentage even if there are upto 2 claim made during the
policy period in consideration of the payment of an
additional premium.
 EX:- Mr. Suresh buys his Motor insurance Comprehensive
policy for his Vehicle Maruti Swift (2008 model) with Bharti
Axa GIC with NCB protect Same Slab cover for the period
of 01-01-2012 to 31-12-2012 and he is enjoying 35% NCB,
“Mr. Suresh meets with an accident on 01/06/2012”
Since he has also taken NCB protection Same slab add on
cover along with comprehensive cover, he still enjoys 35%
NCB on the renewal and saves premium on renewal.

6. No Claim Bonus Protection Cover –
Same Slab Cover
Guidelines
 The No Claim Bonus will get reduced to NIL in case of
more than two claim during the policy period.
 Subject to No Claim Bonus confirmation from the previous
insurer in case of Declarations by Insured.
 Applicable to Private Car policies alone, with
Comprehensive coverage only.
Exclusion
 The cover will cease to operate after two claim wherein the
claim is not admissible.
 In case of transfer of ownership the cover will cease with
effective date of endorsement.

7. No Claim Bonus Protection cover -
One slab down cover
 EX:- Mr. Suresh buys his
Motor insurance
Comprehensive policy for
his Vehicle Maruti Swift
(2008 model) with Bharti Axa
GIC with NCB protect Same
Slab cover for the period of
01-01-2012 to 31-12-2012 and
he is enjoying 35% NCB,
“Mr. Suresh meets with an
accident on 01/06/2012”
Since he has also taken
NCB protection One slab
down add on cover along
with comprehensive cover,
he still enjoys 25% NCB on
the renewal and saves
premium on renewal.
Company would
assign NO CLAIM
BONUS percentage
which is one slab
lower than the No
claim percentage
mentioned in the
policy even if there
are upto 2 claims
made during the
policy period in
consideration of the
payment of an
additional premium.

8. No Claim Bonus Protection cover-
One slab down cover
Guidelines
 The No Claim Bonus will get reduced to NIL in case of
more than two claim during the policy period.
 Subject to No Claim Bonus confirmation from the previous
insurer in case of Declarations by Insured.
 Applicable to Private Car policies alone, with
Comprehensive coverage only.
Exclusions
 The cover will cease to operate after two claim wherein the
claim is not admissible.
 In case of transfer of ownership the cover will cease with
effective date of endorsement.

9. No Claim Bonus Protection Cover-
Same Slab Cover
 Note: If insured opt for NCB protect cover and make a claim during the
year, the NCB protect cover will come in picture only if policy renewed
with Bharti Axa GIC only.
 What is the need?
 Even if customer claims only once in 5 years he misses out on
complete NCB discount at one go.
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10. Add-on Covers
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Outstanding Loan Cover

11. Outstanding Loan Cover – Private
 Company agrees to pay the total Outstanding Loan amount
on the vehicle insured as mentioned in the policy schedule
or actual amount outstanding at the time of claim
whichever is lower, if the insured of the vehicle dies to due
to bodily injury caused by accidental, external, violent and
visible means while travelling in, embarking or
disembarking from the insured vehicle during the policy
period as mentioned in the schedule for which a valid
claim under the policy is admissible.

12. Outstanding Loan Cover - Private
 What is the need?
 In case of accidental death loan (if vehicle is
purchased under loan) remains unpaid rising to the
economic uncertainty to the family.
 Car can be still owned by insured’s family since the
outstanding loan borne by company.
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13. Load Transfer Cover – Goods
Carrying Vehicles
 Company agrees to pay the amount as mentioned in the
schedule incurred by the insured towards unloading of
goods from insured vehicle and loading them to an
alternate vehicle, incase insured vehicle not in condition to
carry goods post accidental damage.

14. Load transfer Cover- Goods carrying
vehicle
 What is the need?
 Customer incurs expense to unload and load to
another vehicle in case the insured vehicle gets
damaged due to accident
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15. Equal Monthly Installment cover –
Commercial vehicles (All Classes)
 Company agreed to pay the Monthly installment amount to
insured as mentioned in the policy schedule or at the time
claim which ever is lower, if the vehicle insured is kept by
our Authorised garage for accidental repairs for more than
30 days.

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