Bharti AXA Samriddhi Investment Plan & Benefits | PolicyX
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Bharti Axa Life Samriddhi

Bharti AXA Samriddhi is a combination of a life insurance plan and a s ...Read More

🛡️ IRDAI Approved
4.2/5 · 64 reviews
📊 99 years solvency ratio
Minimum Age - 0 year% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

About Bharti Axa Life Samriddhi

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

Bharti AXA Samriddhi is a combination of a life insurance plan and a savings plan. This plan protects your family financially in case of your absence while also helping you save for your future goals.

The Bharti AXA Life Samriddhi Plan offers a range of benefits, including:

  • Life cover
  • Maturity benefits
  • Flexible premium payment term
  • Potential upside with bonus
  • Lump sum benefits
  • Loan on policy

Eligibility Criteria for Bharti Axa Life Samriddhi

Entry age
Entry age
Minimum: 0 years, Maximum: 55 years
Maturity age
Maturity age
80 years
Policy tenure
Policy tenure
10, 15, 20, 25, 30 & 35 Years
Premium payment term
Premium payment term
5, 12 years, or the same as the policy term
Premium payment frequency
Premium payment frequency
Monthly, Quarterly, Half-yearly, and Yearly
Sum assured
Sum assured
Depends on the minimum and maximum premium

Pros & cons

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

Pros

  • Life cover
  • Maturity benefits
  • Flexible premium payment term

Cons

  • No death benefits in case of policyholder s suicide within 12 months
  • No premium discontinuance
  • No pre-existing cover

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry Age: Minimum 0 years
Maximum 55 years
Sum Assured: Depends on the minimum and maximum premium
Premium Payment Term: 5/12 years or the same as the policy term

How Bharti AXA Life Samriddhi Plan Works

Let’s understand how Bharti AXA Samriddhi works with a simple illustration:

Problem

Mr. Singhania is looking for an investment plan to create long-term wealth for his child.

Solution

His financial advisor advised him to buy the Bharti AXA Samriddhi Plan. He visited PolicyX.com to save a lump sum amount of money to meet future financial goals.

Let's understand how the Bharti AXA Samriddhi Plan works for him with a premium illustration table.

Age of policyholder Annual Premiums Total Premium Paid Policy tenure Sum Assured Maturity Benefits
35 years Rs 25,000 Rs 6,25,000 25 years Rs 6,98,129 Rs 13,79,677

Key Takeaway: At the end of the policy tenure, maturity benefits of Rs 13,79,677 are paid to the policyholder.

Benefits of Bharti Axa Life Samriddhi

There are various benefits of Bharti AXA Samriddhi. Let’s understand these benefits in detail:

  • Life cover benefit: This plan offers a life cover that protects your dependents financially in case of your uncertain demise. Your family can fulfill their financial obligations with the death benefits paid to them.
  • Maturity benefits: Once your policy matures, you are paid the maturity benefits along with the applicable bonuses. This amount helps you fulfill your financial goals.
  • Flexible premium payment term: You can choose your premium payment term – Regular premium payment or Limited premium payment – as per your financial needs.
  • Potential upside with bonuses: You may be paid bonuses along with the maturity benefits, but these bonuses are not guaranteed. The bonuses are paid by the company in case they have a surplus amount.
  • Lump sum benefits: A guaranteed lump sum amount is paid to the policyholder once the policy matures. This can help the policyholder to fulfill their financial goals.

Features of Bharti Axa Life Samriddhi

Key features that make Bharti Axa Life Samriddhi stand out.

Free-look period

This plan offers a 15-day free-look period to policyholders to cancel their policy if they are not satisfied. The premium paid by them would be returned to the policyholder after deducting a minimal charge.

Grace period

To avoid any penalties, a grace period is offered to pay premiums without heavy charges. There is a 15-day grace period for monthly payments and 30 days for quarterly, half-yearly, and yearly payments.

Policy revival

You can revive your discontinued policy within five years of the last unpaid premium. However, you have to submit various required documents to revive your policy.

Loan on policy

You can avail of a loan against your Bharti AXA Samriddhi Plan at the applicable interest rate. The minimum loan amount is Rs 15,000, and the maximum loan amount is 70% of the surrender value of the policy as of date.

Surrender value

If you have not revived your policy within the grace period, it will acquire a surrender value. This value is paid either at the death of the policyholder or at maturity.

Documents Required for Bharti Axa Life Samriddhi

Keep these documents handy when applying for Bharti Axa Life Samriddhi.

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).

Exclusions of Bharti AXA Samriddhi Plan

  • 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.

Conclusion

If you are looking for a plan that helps you save a lump sum amount to meet your future financial needs, then the Bharti AXA Life Samriddhi Plan is right for you. This plan offers life cover along with a guaranteed lump sum at maturity. You are offered flexible premium payment terms to pay your premiums. Moreover, Bharti AXA may pay you bonuses, but these bonuses are not guaranteed. If you are still confused about whether this plan is perfect for you or not, you can contact us at PolicyX.com. Our experienced advisors will understand your requirements and help you choose the right plan for you.

Bharti AXA Life Samriddhi Plan: FAQs

The 5 most-asked questions about Bharti Axa Life Samriddhi, answered.

Bharti Axa Samriddhi Plan is a saving plan by Bharti Axa that offers you dual benefits- life cover and maturity benefits.
The minimum entry age of Bharti Axa Samridhhi is 0 years.
You can buy the Bharti Axa Life Samriddhi Plan either by contacting one of their advisors or visiting their nearest branch.
The maximum maturity age of the Bharti Axa Life Samriddhi Plan is 80 years.
There are multiple rider options available with Bharti Axa Samriddhi including Bharti AXA Life Hospi Cash Rider, Bharti AXA Life Premium Waiver Rider, Bharti AXA Life Term Rider, and Bharti AXA Life Accidental Death Benefit Rider.

Written and reviewed by

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

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