If the policyholder wants to surrender his/her life insurance policy or make a partial withdrawal from the policy fund, the following procedures need to be followed:
Certain Bharti AXA Life Insurance policies have a lock-in period of 3 years whereas some policies have a lock-in period of 5 years.
A policy cannot be surrendered during the lock-in period. Even if the policyholder is able to surrender the policy during the lock-in period, s/he will get his fund-value only after the surrender period is over.
It is also important to check the surrender charges before surrendering the policy. These charges will be calculated and deducted from the policy fund before paying back to the policyholder.
Surrender Policy: Reason(s) for policy surrender and the surrender form needs to be submitted at the nearest Bharti AXA Life Insurance branch, along with the following documents:
Partial Withdrawal: Reason(s) for the partial withdrawal and the pay-out form needs to be submitted at the nearest Bharti AXA Life Insurance Branch, along with the following documents:
Other contact details of Bharti AXA General Insurance:
Call: 1800-102-4444
SMS - <Service> at 56677
Email ID: service@bharti-axalife.com
Mailing Address:
Bharti AXA Life Insurance Co. Ltd.
Unit 701 to 708, 7Th floor,
Wellington Business Park 1,
Andheri - Kurla Road,
Andheri (E),
Mumbai - 400 059.
Option to visit the nearest Bharti AXA Life Insurance branch.
Option to drop in your details at https://www.Bharti-axalife.com/contact-us/contact-details
Related FAQ: How do I cancel my Bharti AXA General Insurance policy?