Bharti Axa Investment Plans
Bharti AXA Super Endowment helps you create wealth and secure the fina ...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 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:
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 Super Endowment Plan works with a simple premium illustration.
Digvijay was looking for a plan to help him save money for higher studies for his child. Also, he has an ongoing home loan of Rs 5 lakhs. He needs a plan to pay his family the dues and live comfortably in his absence.
He chooses the Bharti AXA Endowment Plan. This plan will cover both his requirements. Let’s understand how the plan works for Mr. Digvijay.
Let's understand how the Super Endowment Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premiums | Policy tenure | Premium payment term | Total premiums paid | Sum Assured | Survival benefits | Maturity Benefits |
| 35 years | Rs 50,000 | 20 years | 10 years | Rs 5,00,000 | Rs 6,66,756 | Rs 3,33,378 | Rs 6,66,756 |
Key Takeaways: At the end of the policy tenure, the maturity benefits of Rs 6,66,756 are paid to the policyholder.
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.
Key features that make Bharti AXA Super Endowment Plan stand out.
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.
Keep these documents handy when applying for 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).
Here are the key features of the Bharti AXA Super Endowment Plan.
Conclusion
Bharti AXA Life Super Endowment Plan offers dual benefits: maturity benefits and death benefits. You can choose policy tenure and premium payment tenure from multiple options. If you are unsure whether this plan is right for you, contact us at PolicyX.com . Our experienced insurance advisors will understand your requirements and help you choose the right plan that suits your needs.
The 5 most-asked questions about Bharti AXA Super Endowment Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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