Bharti Axa Child Advantage Investment Plan & Benefits | PolicyX
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Bharti Axa Child Advantage Plan

Bharti Axa Life Child Advantage Plan helps you secure your child’s fut ...Read More

🛡️ IRDAI Approved
4.2/5 · 66 reviews
📊 99 years solvency ratio
Minimum Age - 0 year% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

About Bharti Axa Child Advantage Plan

A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.

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 to enhance your coverage benefits. This article provides you with complete information about the Bharti Axa Child Plan including its features, benefits, buying process, etc.

Bharti Axa Life Child Advantage Plan offers you a range of benefits including:

  • Option to choose your desired benefits
  • Life insurance coverage
  • Potential bonuses
  • Maturity benefits
  • Guaranteed payout

Eligibility Criteria for Bharti Axa Child Advantage Plan

Entry age
Entry age
18 years
Maturity age
Maturity age
Maximum Maturity Age - 76 years
Policy tenure
Policy tenure
Minimum term: 11 years Maximum term: 21 years
Premium payment term
Premium payment term
Same as the policy term
Premium payment frequency
Premium payment frequency
Annual, half-yearly, quarterly & monthly
Sum assured
Sum assured
Rs 25,000 to No limit

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Offers Premium Waiver Benefit
  • Choose your maturity option
  • Choose your premium payment term

Cons

  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age: 0 year
Maximum entry age: 18 years
Minimum sum assured: ₹25 lakhs
Maximum sum assured: No limit
Maximum policy term: 21 years

How Does the Bharti Axa Life Child Advantage Plan Work?

Let's understand how the Bharti Axa Life Child Advantage Plan works with a simple premium illustration.

Problem

Mr. Verma is looking for a child plan that helps him create a lump sum amount for his child.

Solution

His financial advisor advised him to buy the Bharti Axa Life Child Advantage Plan. He visited PolicyX.com

Let's understand how the Bharti Axa Life Child Advantage Plan works for him with a premium illustration table.

Age of policyholder Annual Premium Policy tenure Premium Payment Tenure Maturity Benefits
35 years Rs 1,00,000 20 years 20 years Rs 32,00,582

Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 32,00,582 are paid to the policyholder.

Benefits of Bharti Axa Child Advantage Plan

There are various benefits to buying the Bharti Axa Life Child Advantage Plan. Let’s understand each of them in detail:

  • Policy continuance:
    This plan comes with a waiver of future premiums in case of the premium payer’s demise to ensure that the future of the child 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 is paid maturity benefits which help them fulfill their financial needs in the future.
  • Bonuses:
    Bharti Axa may pay you terminal or revisionary bonuses that increase the overall maturity benefits that are paid to the policyholder on maturity.

Features of Bharti Axa Child Advantage Plan

Key features that make Bharti Axa Child Advantage Plan stand out.

Free-look period

This plan offers you a free-look period of 15 days after the policy purchase to cancel the policy if you are not satisfied with the same by paying minimal charges.

Grace period

There are instances when you can miss your premium payments and your insurer may charge you a huge penalty. The grace period allows you to pay your missed premiums without any charges.

Loan against policy

You can avail of a loan against your Bharti Axa Child Advantage. The minimum amount of the loan is Rs 15,000 and the maximum is 70% of the surrender value.

Surrender value

In case you wish to surrender your policy before the due date you can do so and avail the surrender value with applicable bonuses.

Documents Required for Bharti Axa Child Advantage Plan

Keep these documents handy when applying for Bharti Axa Child Advantage Plan.

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

Address Proof

Address Proof (either of one) - Utility bill, passport, voter ID, ration card.

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof (either of one) - bank statement, last three months' salary slips (if you are salaried).

Exclusions of the Bharti Axa Life Child Advantage Plan

Given below are some exclusions of the Bharti Axa Life Child Advantage Plan:

  • Suicide within 12 months of the policy purchase is not covered.
  • Consumption of any intoxicants.
  • Death due to any aviation accident.
  • Death due to any adventurous sports.

Other Features of Bharti Axa Child Advantage Plan

Here are the key features of the Bharti Axa Child Advantage Plan.

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

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, death benefits, etc. 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 or not then you can contact us at PolicyX.com. Our experienced insurance representative will understand your requirements and help you choose the plan that suits your requirements.

FAQs: Bharti Axa Life Child Advantage Plan

The 5 most-asked questions about Bharti Axa Child Advantage Plan, answered.

Child Advantage Plan by Bharti Axa helps you save money to secure your child’s financial future.
The minimum age to buy the Bharti Axa Life Child Advantage Plan is 18 years.
You can avail of two rider options with your Child Advantage Plan including- Bharti AXA Life Hospi Cash Rider and Bharti AXA Life Accidental Death Benefit Rider.
You can buy a Child Advantage Plan either through their advisors or by visiting their nearest branch office.
The maximum maturity age of the Bharti Axa Life Child Advantage Plan is 76 years.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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