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Overview
Bharti AXA Elite Advantage offers its policyholders dual benefits, including death and maturity benefits. You can also choose rider benefits with this plan, which helps increase the overall coverage of your plan. This article provides complete details about the Elite Advantage Plan, including its features, benefits, and buying process.
Key Benefits of the Plan
- Flexible premium payment terms
- Life insurance cover
- Maturity benefits
- Loan on policy
- Guaranteed surrender value
- Additional riders
Benefits of Bharti AXA Elite Advantage Plan
There are several advantages of the Elite Advantage Plan. Let's understand these benefits in detail:
Flexible Premium Payment Tenure
The Elite Advantage Plan offers you the option to choose your premium payment tenure from 5, 7, or 12 years. You can choose the one that best fits your needs.
Life Insurance Cover
This plan offers you life insurance coverage that financially protects your family even in your absence. They can live a comfortable lifestyle with the received death benefits.
Maturity Benefits
This plan offers maturity benefits to the policyholders at the end of their policy tenure. It helps them fulfill their future financial goals.
Grace Period
You can pay your missed premiums during the grace period to avoid heavy penalties. A grace period of 15 days is applicable in case of monthly premium payments, while a 30-day grace period is applicable in case of quarterly, half-yearly, and yearly payments.
Policy Loan
You can avail of a loan against your policy. The minimum loan amount is Rs 15,000, and the maximum is 70% of the surrender value of the policy as of the date.
Free-Look Option
A free-look period of 30 days is offered to the policyholders to cancel their policy if they are not satisfied with the policy.
Surrender Value
You can surrender your policy once it acquires the surrender value. It acquires a surrender value if you have paid premiums for at least two continuous policy years.
Reduced Paid-Up
If you do not pay policy premiums even during the grace period, your policy status will be changed to reduced paid-up, and the benefits are applicable as per the reduced paid-up status.
How to Contact Bharti AXA
You can reach one of their advisors through the following channels:
- By calling 1800-102-4444
- By sending WhatsApp to 02248815768
- By sending an email to [email protected]
Exclusions
- In case the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, is paid.
How to Buy Bharti AXA Elite Advantage Plan
You can buy the Bharti AXA Elite Advantage Plan by visiting one of the nearest branch offices of Bharti AXA.
Documents Required to Buy Bharti AXA Life Elite Advantage Plan
Here is the list of documents required to buy the Bharti AXA Life Elite 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).
