Bharti AXA Life Dhan Varsha

Overview

Save extra with Bharti AXA Dhan Varsha Plan – Guaranteed Survival Benefit and Assured Life Cover. Bharti AXA Life's Dhan Varsha plan is a long-term savings and family protection plan. In this investment plan, you can grow your savings with yearly bonuses from the end of the seventh year onwards until maturity. The plan offers the flexibility to choose a premium payment term for 10 or 15 years (PPT) and enjoy life cover for 20 or 25 years. With the Bharti AXA Dhan Varsha plan, you'll receive Guaranteed Survival Benefits from the end of the 10th year until maturity. At maturity, the Sum Assured on Maturity is paid out to you as a lump sum. You can even enhance your base cover with optional riders to protect against death, disability, and disease.

Key Features of Bharti AXA Dhan Varsha Plan

• The plan offers Guaranteed Survival Benefits from the end of the 10th year until maturity.
• The plan offers the flexibility to choose a premium payment term for 10 or 15 years (PPT) and enjoy life cover for 20 or 25 years.
• Get cash bonuses (if declared) at the end of each financial year.
• Stay protected with life cover for the entire policy term.
• Guaranteed Maturity Benefit will be payable at the end of the policy term.
• Customize the plan based on your needs with a wide range of optional riders.

How to Buy Bharti AXA Life Dhan Varsha Plan on PolicyX.com

1. Visit the official website of PolicyX.com.
2. Click on the 'Investment' tab.
3. A new page will appear on the screen.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Benefits of Bharti AXA Life Dhan Varsha Plan

There are various benefits to buying the Bharti AXA Life Dhan Varsha Plan. Let's understand each of them in detail:

• Guaranteed Survival Benefits: With the Bharti AXA Dhan Varsha plan, you'll receive Guaranteed Survival Benefits from the end of the 10th year up to one year before maturity or death of the life insured, whichever is earlier. Please note that the Guaranteed Survival Benefit will be 6% of the sum assured.
• Death Benefit: If the life insured unfortunately passes away during the policy term, the death benefit payout shall be payable as a lump sum to the nominee. The death benefit on sum assured is the higher of the Sum Assured on Death or 105% of all premiums paid till the date of death.
• Maturity Benefit: If the life insured survives till the end of the policy term, you'll receive a sum assured on maturity, which is the sum assured applicable under the policy.
• Cash Bonuses: The plan offers non-guaranteed cash bonuses (if any) at the end of each policy year. These bonuses are calculated as a percentage of the sum assured. They are paid out as a cash bonus every year from the end of the 7th policy year until maturity or death, whichever is earlier.
• Flexible Premium Payment or Policy Term: The plan offers you the choice of two policy term and premium payment term options: (Pay premiums for 10 years, enjoy policy term for 20 years) or (Pay premiums for 15 years, policy term for 25 years).

Bharti AXA Life Dhan Varsha Plan Policy Details

1. Policy Revival

   A policy with discontinued premium payment can be revived within 5 years from the due date of the first unpaid premium and before the policy's termination date. Check out the revival terms & conditions:

   • A written application from you for revival;
   • Satisfactory evidence of insurability;
   • You must pay your premium and interest rate to restore your policy to its total value.

2. Surrender Benefit

   Under this plan, policy surrender is allowed after a premium payment of two full years' premium. On policy surrender, you will get the higher of the following:

   • Guaranteed Surrender Value (GSV)
   • Special Surrender Value (SSV)

3. Policy Loan

   Under this policy, you can also take out a loan after the policy obtains the surrender value, but the loan amount should be 70% of the acquired surrender value.

How to Buy Bharti AXA Life Dhan Varsha Plan on Bharti AXA Life Insurance Website

1. Visit the official website of Bharti AXA Life Insurance.
2. Hover over 'Investment Plans' from the top menu.
3. Click on 'Bharti AXA Dhan Varsha Plan'.
4. Click on 'Buy Now' and you will be redirected to a new page.
5. Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

Exclusions

• 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.

Documents Required to Buy Bharti AXA Life Dhan Varsha Plan

Here is the list of documents required to buy the Bharti AXA Life Dhan Varsha 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, Aadhaar 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).

Plan At a Glance

In a Nutshell

Now that you know the features and benefits of the Bharti AXA Life Dhan Varsha plan, you can easily decide whether this plan is a perfect fit. If you still need any information regarding this plan, contact our insurance experts at PolicyX anytime for free advice. For more info related to this plan, you can visit PolicyX.com, or call us at 1800-420-0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.