POLICY DOCUMENT - Bharti AXA Life Insurance

Policy document - Bharti AXA Life Secure Income PlanBharti AXA Life Insurance Company Ltd.Unit No. 601 & 602, 6th floor, Raheja Titanium,Off Western Express Highway,Goregaon (E), Mumbai-400 063• Email us at cro@bharti-axalife.comYou are requested to inform us about your concern (if any) within 8 weeks of receipt of resolutionas stated above, failing which it will be constructed the complaint is satisfactorily resolved.Step 3: If you are not satisfied with the resolution provided by the companyIn case you are not satisfied with the decision/ resolution of the Company, you may approach theInsurance Ombudsman. The complete list of Insurance Ombusdsman is appended below inAppendix I or please visit:• www.bharti-axalife.com• www.irdaindia.org/ombudsmenlistFor informative purpose and for your ready reference, the relevant clauses of the Insurance Act,1938are reproduced below:Section 41 of the Insurance Act, 1938:(1) “No person shall allow or offer to allow, either directly or indirectly, as an inducement to anyperson to take out or renew or continue an insurance in respect of any kind of risk relating to lives orproperty in India, any rebate of the whole or part of the commission payable or any rebate of thepremium shown on the policy, nor shall any person taking out or renewing or continuing a policyaccept any rebate, except such rebate as may be allowed in accordance with the published prospectusor tables of the insurer:.Provided that acceptance by an insurance agent of commission in connection with a policy of lifeinsurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate ofpremium within the meaning of this sub-section if at the time of such acceptance the insurance agentsatisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by theinsurer.(2) Any person making default in complying with the provisions of this section shall be punishablewith fine which may extend to five hundred rupees.”Section 45 of Insurance Act, 1938:No Policy of Life Insurance effected after the coming into force of this Act shall, after the expiry oftwo years from the date on which it was effected be called in question by an Insurer on the groundthat the statement made in the proposal or in any report of a medical officer, or referee, or friend ofthe Life Insured, or in any document leading to the issue of the Policy, was inaccurate or false, unlessthe Insurer shows that such statement was on a material matter or suppressed facts which it wasmaterial to disclose and that it was fraudulently made by the Life Insured and that the Life Insuredknew at the time of making it that the statement was false or that it suppressed facts which wasmaterial to disclose.Provided that nothing in this section shall prevent the Insurer from calling for proof of Age at anytime if he/she is entitled to do so, and no Policy shall be deemed to be called in question merelybecause the terms of the Policy are adjusted on subsequent proof that the Age of the Life Insured wasincorrectly stated in the proposal.UIN: 130N056V01Policy Document Bharti AXA Life Secure Income Plan