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Overview
The Bharti Axa Life Child Advantage Plan helps you secure your child's future. This plan comes with maturity benefits as well as life insurance coverage. You can choose additional rider benefits with your Bharti Axa Child Advantage Plan to enhance your coverage. This article provides complete information about the Bharti Axa Child Plan, including its features, benefits, and buying process.
Benefits Offered by Bharti Axa Life Child Advantage Plan
- Option to choose your desired benefits
- Life insurance coverage
- Potential bonuses
- Maturity benefits
- Guaranteed payout
Key Features
The Bharti Axa Life Child Advantage Plan offers several key features:
- Policy Continuance: This plan includes a waiver of future premiums in case of the premium payer’s demise, ensuring the child's future is secured.
- Life Coverage: In case of the policyholder’s uncertain demise, 110% of the Sum Assured (for the money-back option) and 125% of the Sum Assured (for the Endowment option), or 11 times the base annualized Premium, is paid to the child in time of need.
- Maturity Benefit: On the maturity date, the policyholder receives maturity benefits, which help fulfill future financial needs.
- Bonuses: Bharti Axa may pay terminal or revisionary bonuses that increase the overall maturity benefits paid to the policyholder on maturity.
- Free-Look Period: This plan offers a free-look period of 15 days after policy purchase to cancel the policy if you are not satisfied, by paying minimal charges.
- Grace Period: The grace period allows you to pay missed premiums without any charges, preventing penalties from your insurer.
- Loan Against Policy: You can avail of a loan against your Bharti Axa Child Advantage Plan. The minimum loan amount is Rs 15,000, and the maximum is 70% of the surrender value.
- Surrender Value: If you wish to surrender your policy before the due date, you can do so and receive the surrender value with applicable bonuses.
How to Buy the Bharti Axa Life Child Advantage Plan Online via PolicyX.com
- Visit the official website of PolicyX.com.
- Hover over the ‘Life Insurance’ tab.
- Choose the Investment plan you want to buy.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
How to Buy the Bharti Axa Life Child Advantage Plan from Bharti Axa Life Insurance
- Visit the official website of Bharti Axa Life Insurance.
- Hover over 'Life Insurance Plans' from the top menu.
- Click on the Bharti Axa Life Child Advantage Plan.
- Click on ‘Buy Now’ and you will be redirected to a new page.
- Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- Suicide within 12 months of policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy Bharti Axa Life Child Advantage Plan
Here is the list of documents required to buy the Bharti Axa Life Child Advantage Plan:
Photo ID Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Any one of the following: Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder, if requested.
Income Proof
Any one of the following: Bank statement, last three months' salary slips (if you are salaried).
Plan at a Glance
| What’s Good Here | What’s Missing |
|---|---|
| Life Insurance Coverage | Guaranteed Additions |
| Potential Bonuses | No High Sum Assured Rebate |
| Guaranteed Payout | Premium Offset |
| Non-guaranteed Bonuses | No Auto Cover Continuance |
In a Nutshell
The Bharti Axa Life Child Advantage Plan helps you save money to secure your child's future. This plan comes with a range of benefits including premium waiver, maturity benefits, life coverage, bonuses, and death benefits. You can choose your desired maturity benefit option and premium payment tenure. If you are still confused about whether this plan is right for you, you can contact us at PolicyX.com. Our experienced insurance representatives will understand your requirements and help you choose the plan that suits your needs.
