Bharti Axa Investment Plans
Bharti AXA Life Super Series provides guaranteed savings along with th ...Read More
A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.
With the Bharti AXA Super Series Plan, enjoy guaranteed savings and income for a worry-free tomorrow! Bharti AXA Life Super Series provides guaranteed savings along with the benefit of guaranteed income and assured life cover. It offers assured income, which increases every year during the payout period. With the Super Series plan, you also get guaranteed periodic lump sums at the start and end of the payout period to fulfill your family's goals. This investment plan offers you the flexibility to choose from any of the Super 6, Super 7, or Super 10 options as per your required investment duration and returns. In addition, at the end of the policy term, a guaranteed maturity addition of 30% of the ‘sum assured on maturity’ will also be paid as a reward for staying invested for the entire policy term. This plan offers the dual benefits of insurance and disciplined savings at highly affordable premiums.
Key Features of Bharti AXA Life Super Series Plan
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
| Name of the rider | Benefit |
| Bharti AXA Life Hospi Cash Rider | Receive a fixed benefit payment for each day of hospitalization and a lump sum benefit in case of surgery. |
| Bharti AXA Life Premium Waiver Rider | Your future premiums will be waived in case of accidental disability or diagnosis of a covered critical illness. |
| Bharti AXA Life Term Rider | Get an extra Sum Assured in case of the policyholder's death. |
| Bharti AXA Life Accidental Total and Permanent Disability Rider | Get an extra payout on top of your base cover in case of total and permanent disability due to an accident within 120 days. |
| Bharti AXA Life Accidental Death Benefit Rider | Get an extra payout on top of your base cover in case of accidental death. |
In this plan, you can also take out a loan once the policy obtains the surrender value. Note that the loan amount should not exceed 70% of the acquired surrender value.
Under the Super Series Plan, you can easily revive all the benefits under your policy within five years after the due date of your first unpaid premium.
Revival Terms & Conditions:
If you want to exit the policy earlier, you can do so once your policy acquires a surrender value. Typically, the policy acquires a surrender value after paying the first two full years’ premiums.
On policy surrender, you will receive the higher of the following:
Guaranteed Money Back
With the Guaranteed Money Back benefit, you will receive a percentage of the 'sum assured on maturity' after the end of the premium payment term. Payouts will be made at the end of each year, increasing annually during the payout period. It may vary based on the Super Series option chosen. The plan also offers a lump sum cash payout of 50% of ‘sum assured on maturity’ at the start and end of the payout period.
Maturity Benefit
The policyholder will receive the maturity benefit once the policy matures at the end of the policy tenure. Under Bharti AXA Life Super Series, the maturity value typically includes the Sum Assured on Maturity + Maturity Additions.
Guaranteed Maturity Addition
Additionally, on the Maturity Date, a Guaranteed Maturity Addition of 30% of the ‘Sum Assured on Maturity’ will be payable to the policyholder, provided the policy is in force. If the life insured is a minor at the time of policy issuance, ownership of the policy will vest upon attaining 18 years of age (age last birthday).
Death Benefit
If the policyholder unfortunately dies during the policy term, the sum assured on death will be payable to the nominee. The sum assured on death will be the higher of: 11 times the annualized premium for Super 6 options. 12 times the annualized premium for Super 7 options. 15 times the annualized premium for Super 10 options. 105% of all premiums paid as of the date of death. Sum Assured on Maturity.
Option to choose from Super 6, Super 7, or Super 10
This plan allows you to choose from Super 6, Super 7, or Super 10 options based on your desired investment duration and returns. These options offer premium payment terms of 6, 7, or 10 years, along with life cover and guaranteed money-back benefits for 12, 20, or 20 years, respectively.
Keep these documents handy when applying for Bharti AXA Super Series 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 (for salaried individuals).
You can buy the Bharti AXA Life Super Series Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Here are the key features of the Bharti AXA Super Series Plan.
| What's Good | What's Missing |
| Guaranteed Money Back Benefit | Guaranteed Additions |
| Guaranteed Maturity Additions | No High Sum Assured Rebate |
| Choice of Super Series Options | No Auto Cover Continuance |
| 5 Add-on Riders | Plan Options |
| Cash payout at the start and end of the payout period. | Premium Offset |
Bharti AXA Life Super Series is a guaranteed savings plan that offers guaranteed income and assured life cover. It is ideal for someone who wants to build wealth for retirement or needs additional income to pay for their expenses. If you still have questions regarding this plan, you can reach out to us at PolicyX.com. With the expertise of our insurance experts, you can get all your answers promptly.
The 5 most-asked questions about Bharti AXA Super Series Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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