Bharti Axa Investment Plans
Bharti AXA Life Secure Income Plan is a non-linked, guaranteed life in ...Read More
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 Secure Income Plan is a non-linked, guaranteed life insurance plan. It provides regular guaranteed monthly income along with fixed guaranteed additions at each policy anniversary, right after the completion of the premium payment term. This plan comes with a minimum entry age of 1 month and a maximum maturity age of 80 years.
In case of financial emergencies, the Bharti AXA Life Secure Income Plan also offers a loan for up to 80% of your surrender value.
Bharti AXA Life Secure Income Plan offers a range of benefits, including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bharti Axa Life Secure Income Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan that helps him create a lump sum wealth.
His financial advisor advised him to buy the Bharti Axa Life Secure Income Plan. He visited PolicyX.com
Let's understand how the Bharti Axa Life Secure Income Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 25 years | Rs 50,000 | 20 years | 10 years | Rs 6,22,122 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 6,22,122 are paid to the policyholder.
Policy Continuance In case of the unfortunate demise of the life insured during the policy term, Bharti AXA Life Secure Income pays the death benefit.
Survival Benefits Once the premium payment term is completed, the Bharti AXA Life Secure Income Plan will pay the regular guaranteed income for 10 years (income would be payable on a monthly basis).
Maturity Benefit Once the life insured survives the whole policy tenure, as a maturity benefit, the Bharti AXA Secure Income Plan will pay the Sum Assured plus Guaranteed Additions on maturity.
Tax Benefit All the premiums paid for the Life Secure Income Plan can be used for claiming tax benefits under the Income Tax Act 1961.
Key features that make Bharti AXA Secure Income Plan stand out.
Guaranteed Additions
A fixed guaranteed addition will be added to your sum assured at each policy anniversary, starting from 7% to 10% of your sum assured.
Grace Period
There are instances when you can miss your premium payments and your insurer may charge a huge penalty. The grace period allows you to pay your missed premiums without any charges.
Guaranteed Tax-Free Income
This plan offers guaranteed regular tax-free income, right after the completion of the premium payment term. The income depends upon the premium you have paid and will be paid until maturity.
Life Insurance Cover
You will be covered with guaranteed life coverage throughout the whole policy tenure. The death benefit is equal to the Higher of the Sum Assured plus Guaranteed Additions accrued till the date of death.
Keep these documents handy when applying for Bharti AXA Secure Income 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 salaried).
Given below are some exclusions of the Bharti AXA Life Secure Income Plan:
Here are the key features of the Bharti AXA Secure Income Plan.
| What’s Good Here | What’s Missing |
| Life Insurance Coverage | Whole Life Coverage |
| Potential Bonuses | No High Sum Assured Rebate |
| Guaranteed Payout | Premium Offset |
| Non-guaranteed Bonuses | No Auto Cover Continuance |
Bharti AXA Life Secure Income Plan offers dual benefits: death benefits to your family in case of your uncertain demise, along with regular guaranteed income until the full policy tenure. This plan helps you receive income along with a lump sum maturity benefit at the end of the policy tenure. If you are still confused about whether the Life Secure Income Plan is right for you, you can 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 unique needs.
The 4 most-asked questions about Bharti AXA Secure Income Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
Select a company and plan for each side to see a detailed side-by-side comparison.
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