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Overview
Bharti AXA Life Shining Stars helps you fulfill your child’s dreams without compromise. This investment plan helps you save a lump sum amount to secure your child’s future and also offers life insurance coverage.
You can choose additional rider benefits with your Bharti AXA Shining Stars plan to enhance your coverage. This article provides complete information about the Bharti AXA Life Shining Stars Plan, including its features, benefits, and buying process.
This plan provides a range of benefits, including:
- Multiple policy and premium payment tenures
- Maturity benefits
- Death benefits
- Multiple maturity options to choose from
- Advance premium option
- Paid-up benefits
How to Buy Bharti AXA Life Shining Stars Plan Online via PolicyX.com
- Step 1: Visit the official website of PolicyX.com.
- Step 2: Click on the ‘Investment’ tab.
- Step 3: A new page will appear on the screen.
- Step 4: Fill out the form at the top of the page with the necessary details.
- Step 5: Select your income and city. Click on 'Proceed'.
- Step 6: Update your education and occupation details.
- Step 7: Choose your preferred plan and click on 'Buy this plan'.
- Step 8: Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Benefits of Bharti AXA Life Shining Stars
There are numerous benefits of Bharti AXA Shining Stars. Let’s understand these benefits in detail:
- Flexible policy tenure and premium payment tenure: This plan allows you to choose your policy tenure and premium payment tenure as per your choice. The policy term can be chosen from 12 to 20 years, and the premium payment tenure from 7 to 15 years.
- Maturity benefits: You are provided with maturity benefits once your policy matures. The amount can be used to fulfill your financial goals.
- Option to choose a payout option: You can choose your payout option from two options: Flexi pay and Annual payout option, depending on your financial requirements.
- Advance premiums: You have the option to pay your 3 months' premiums in advance. The premiums paid are adjusted in the future.
- Death benefits: In case of the policyholder’s demise, death benefits are still paid to the child so that non-premium payment won’t affect their future.
Important Policy Details
Free-look Option
This plan offers a 15-day free-look option after policy purchase to cancel your policy if you are not satisfied.
Grace Period
To avoid late premium payment charges, Bharti AXA provides a 15-day grace period for monthly premiums and a 30-day grace period for quarterly, half-yearly, and yearly payments.
Surrender Value
You can surrender your policy if you are unable to pay your premiums. The company will provide you with a surrender value after deducting applicable charges.
Policy Revival
You can revive your policy within the first five years of the last unpaid premium after paying certain applicable charges.
Loan Against Policy
You can avail of a loan against your policy if you face any financial crunch. The loan amount you can avail of is a minimum of Rs 15,000 and a maximum of 70% of the surrender value.
How to Buy Bharti AXA Life Shining Stars Plan from Bharti AXA Life Insurance Website
- Step 1: Visit the official website of Bharti AXA Life Insurance.
- Step 2: Hover over 'Investment Plans' from the top menu.
- Step 3: Click on the 'Bharti AXA Life Shining Stars Plan'.
- Step 4: Click on ‘Buy Now’ and you will be redirected to a new page.
- Step 5: Enter your name and contact information. A representative will reach out to you to discuss the quotes.
- Step 6: Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- In case the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered to their family members. Instead, either 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, is paid.
Documents Required to Buy Bharti AXA Life Shining Stars Plan
Here is the list of documents required to buy the Bharti AXA Life Shining Stars Plan:
- Photo ID Proof: Passport, Aadhaar card, PAN card, Driving license.
- Age Proof: Passport, Aadhaar card, PAN card, Driving license.
- Address Proof: Utility bill, passport, voter ID, ration card.
- Medical Records: Medical records of the policyholder, if requested.
- Income Proof: Bank statement, last three months' salary slips (if salaried).
Rider Options in Bharti AXA Life Shining Stars
| Rider Options | Meaning |
|---|---|
| Bharti AXA Life Hospi Cash Rider | You will get cash in case of hospitalisation. |
| Bharti AXA Life Accidental Death Benefit Rider | In case of accidental death, your family will get the sum assured. |
| Bharti AXA Life Term Rider | Get a high sum assured rebate. |
Conclusion
Bharti AXA Life Shining Stars helps you secure the financial future of your child even in your absence. You can choose your policy tenure, premium payment tenure, and maturity payout option. If you are still confused about whether this plan is perfect for you, contact us at PolicyX.com. Our experienced insurance representatives will understand your requirements and help you choose the right plan that suits your needs.
The various benefits of Bharti AXA Life Shining Stars include maturity benefits, death benefits, flexible premium payment tenure, and policy tenure.
