Bharti AXA Life Secure Income Plan

Overview

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:

• Guaranteed tax-free income
• Maturity benefit
• Guaranteed additions
• Life insurance cover
• Guaranteed payout

Key Features

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.

Benefits of the Bharti AXA Life Secure Income Plan

There are various benefits to buying the Bharti AXA Life Secure Income Plan. Let’s understand each of them in detail:

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.

How to Buy Bharti AXA Life Secure Income Plan on PolicyX.com

1. Visit the official website of PolicyX.com.
2. Hover over the ‘Life Insurance’ tab.
3. Choose the Investment plan you want to buy.
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.

How to Buy Bharti AXA Life Secure Income Plan on Bharti AXA Life Insurance Website

1. Visit the official website of Bharti AXA Life Insurance.
2. Hover over 'Life Insurance Plans' from the top of the menu.
3. Click on the Bharti AXA Life Secure Income 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 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).

Plan at a Glance

In a Nutshell

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.