Overview
Bharti AXA Super Endowment helps you create wealth and secure the financial future of your loved ones in case of your untimely demise. You can also opt for additional riders with this plan to enhance your coverage. This article provides complete information about this plan, including its features, benefits, and buying process.
Bharti AXA Super Endowment Plan is a non-participating, non-linked savings life insurance plan. Let's explore the plan in detail for better clarity and understanding.
Bharti AXA Super Endowment Plan offers a range of benefits, including:
- Flexible policy tenure and premium payment tenure
- Guaranteed additions
- Surrender benefits
- Maturity benefits
- Death benefits
- Extended life cover available
- Loan against the policy
- Advance premiums
How to Buy Bharti AXA Super Endowment Plan 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.
Benefits of the Bharti AXA Super Endowment Plan
There are several benefits of the Bharti AXA Super Endowment Plan. Let’s understand these benefits in detail:
Multiple Policy Tenure and Premium Payment Tenure Options
A policyholder can choose from multiple policy tenures and premium payment tenures. We have mentioned all the available options below.
| Premium Payment Tenures |
Policy Tenures |
| 8 years |
16 years |
| 9 years |
18 years |
| 8 years |
20 years |
| 9 years |
20 years |
| 10 years |
20 years |
| 11 years |
20 years |
| 12 years |
20 years |
| 13 years |
20 years |
| 14 years |
20 years |
| 15 years |
20 years |
Guaranteed Additions
This plan provides guaranteed additions to your maturity benefits that increase their value. Guaranteed additions equal to 10% of the sum assured will be offered.
Maturity Benefits
The policyholder is provided with maturity benefits once their policy matures. These benefits are paid with guaranteed additions.
Death Benefits
In case of the policyholder’s demise during the policy tenure, death benefits are paid to their nominee, which helps them to live a comfortable life.
Extended Life Cover Option
A policyholder has the option to extend their life cover by paying additional premiums at the inception of the policy. The life cover will be applicable throughout the policy tenure as well as the extended period.
Advance Premium Option
You can pay your premiums up to three months in advance. The premium collected in advance will be adjusted in the future.
Grace Period
A grace period is provided for premium payments. A 30-day grace period is provided for quarterly, half-yearly, and yearly payments, whereas a 15-day grace period is provided for monthly payments.
Surrender Value
Your policy acquires a surrender value if you have paid premiums for at least two years. You can surrender your policy and receive the surrender value.
Policy Revival
You can revive your policy if it lapses due to non-payment of premiums, even during the grace period. The policy can be revived within five years of the first unpaid premium.
Loan Against Policy
You can avail of a loan against your policy to meet your financial requirements. The interest rate applicable on the loan is decided by IRDAI.
Free-Look Period
A 15-day free-look period is provided after you purchase the policy to cancel it if you are not satisfied with the policy.
How to Buy Bharti AXA Super Endowment Plan from the Insurer
- Visit the official website of Bharti AXA Life Insurance.
- Hover over 'Investment Plans' from the top menu.
- Click on 'Bharti AXA Life Super Endowment Plan'.
- Click on ‘Buy Now’ to be redirected to a new page.
- Enter your name and contact information. A representative will reach out to discuss quotes.
- Once discussed, you can make the premium payment and receive the policy documents.
Exclusions
- If the policyholder commits suicide within 12 months of policy purchase, no death benefits are paid to their family members. Instead, either 80% of the premiums paid to date or the acquired surrender value, whichever is higher, will be paid.
Documents Required to Buy Bharti AXA Super Endowment Plan
Here is the list of documents required to buy the Bharti AXA Super Endowment Plan:
Photo ID Proof
Any one of these: Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Any one of these: Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Any one of these: Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder if requested.
Income Proof
Any one of these: Bank statement, last three months' salary slips (if salaried).
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