Overview
Bharti AXA Guaranteed Wealth Pro is a plan that helps you save for your future goals. It offers dual benefits: insurance coverage to provide financial protection to your family and wealth creation to fulfill financial goals. You can choose from two plan options: the Income option and the Endowment option. The Income option of this investment plan offers various choices: deferred income (Short-term/Long-term/Lifelong) or immediate income (Short-term/Long-term). This article provides complete information about Guaranteed Wealth Pro, including eligibility criteria, features, benefits, and the complete buying process. This plan offers a range of benefits, including:
- Guaranteed returns
- Option to choose payout structure
- Income options
- Choose premium payment term and policy term
- Insurance cover
- Additional rider options
How to Buy Bharti AXA Guaranteed Wealth Pro from PolicyX.com
- Visit the official website of PolicyX.com.
- Click on the 'Investment' tab.
- A new page will appear on the screen.
- 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), then proceed to pay.
Policy Features for Bharti AXA Guaranteed Wealth Pro Plan
Investment plans like Bharti AXA Guaranteed Wealth Pro are generally not portable in the same way health insurance policies are. Once purchased, the policy terms and conditions are fixed with Bharti AXA Life Insurance. However, the plan does offer several important features:
Grace Period
This plan offers a grace period of 30 days (for quarterly, half-yearly, and yearly payments) and 15 days (for monthly payments) to pay your missed premiums.
Revival Period
If you don’t make premium payments within the grace period, your policy will be discontinued. You can revive this policy within the allowed period by paying premiums and applicable charges.
Free-Look Period
This plan offers a free-look period of 15 days to check the terms and conditions of your policy. You can cancel your policy during this period if you are not satisfied with the policy, after paying minimal charges.
Loan on Policy
You can avail of a loan against your policy once it acquires the surrender value. The minimum loan amount is ₹15,000, and the maximum amount is 70% of the surrender value.
Vesting of Policy
In case the life insured is a minor, the policy will automatically transfer once the minor attains the maturity age.
Inclusions
The Bharti AXA Guaranteed Wealth Pro Plan includes:
- Guaranteed returns on maturity.
- Flexible payout structures (Endowment or Income options).
- Multiple income options: Short-term, Long-term, Lifelong, and Early Income.
- Life insurance coverage for financial protection.
- Option to choose policy tenure and premium payment terms.
- Availability of additional rider options for enhanced coverage.
Exclusions
- If the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered to their family members. In such a case, either 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, is paid.
Bharti AXA Guaranteed Wealth Pro Plan offers dual benefits: death benefits to your family in case of your unfortunate demise and maturity benefits if you survive the policy tenure. This plan helps you save for your future financial goals and grow your money. If you are still unsure whether Guaranteed Wealth Pro is right for you, contact us at PolicyX. One of our insurance experts will reach out to you shortly, understand your requirements, and help you choose a plan that best fits your needs.
Documents Required
Here is the list of documents required to buy the Bharti AXA Guaranteed Wealth Pro Plan:
- Photo ID Proof: Passport, Aadhaar card, PAN card, or Driving license.
- Age Proof: Passport, Aadhaar card, PAN card, or Driving license.
- Address Proof: Utility bill, passport, voter ID, or ration card.
- Medical Records: If requested by the insurer.
- Income Proof: Bank statement or last three months' salary slips (for salaried individuals).
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