Bharti AXA Life Insurance is a joint venture between AXA Group and Bharti Enterprises. Presently, Bharti Group holds a 51% stake whereas AXA carries 49%. Bharti AXA Life insurance is one of the best life insurance companies which completely justifies its tagline of "Jeevan Suraksha ka kya Nazariya" by launching flexible term insurance plans.
The company offers a wide array of effective life insurance products. However, its term insurance plans are very popular among customers. Bharti AXA term insurance provides regular financial support to your family after your death/disability. Let's find out more about it.
To deal with the multiple needs of customers, it offers affordable yet effective term insurance plans. Below is the list of such helpful products for your perusal.
Bharti AXA Life Flexi Term is a traditional term insurance plan. It provides the flexibility to choose from 3 different Life Cover payout options. It offers the benefits of life insurance as well as a critical illness benefit.
Key Features
Eligibility
Entry age | 18 years to 65 years |
Maturity age | 85 years |
Minimum sum assured | Rs.10,00,000 |
Maximum sum assured | Rs.25,00,000 |
Additional covers | Life Cover: Rs.25,00,000 Critical Illness: Rs.25,00,000 |
**Last Updated on 02-02-2021
Bharti AXA Life Premier Protect is a pure protection plan. With this plan, you will be able to protect your family against any uncertainty in case of your unfortunate demise.
Key features
Eligibility
Entry age | 18 years to 65 years |
Maturity age | 75 years and 80 years |
Policy term | 10 years to 35 years. |
Premium payment option | Single pay, limited pay and regular pay |
Premium payment modes | Annual, semi-annual, quarterly* & monthly* |
Sum assured | Rs.25,00,000- no limits (subject to underwriting process) |
**Last Updated on 02-02-2021
*Through auto-pay only
This plan will provide the needful family protection cover for 12 years at a nominal premium in case of your unfortunate demise. If you survive until the end of the policy tenure, the plan will offer 100% of the invested premium in return.
Key Features
Eligibility
Entry age | 18 years to 50 years |
Maturity age | 62 years |
Minimum sum assured | Rs. 50,000 |
Maximum sum assured | Rs. 5,00,000 |
Policy term | 12 years |
Premium payment term | 12 years |
**Last Updated on 02-02-2021
Bharti AXA Life POS Saral Jeevan Bima Yojana is a non-linked and non-participating term insurance plan that is designed to offer life insurance cover in case of death of the policyholder. It is an effective yet affordable term insurance plan.
Key Features
Eligibility
Entry age | 18 years to 55 years |
Maturity age | 28 years to 65 years |
Minimum sum assured | Rs. 50,000 |
Maximum sum assured | No limit |
Policy term | 10/15/20/25 years |
Premium (Rs.) | Depends on Sum Assured |
Premium payment term | Regular Pay (Same as Policy Term) |
**Last Updated on 02-02-2021
It is an affordable term with the return of a premium insurance plan that assists your family (in case of your demise) with an annual income for a tenure of 15 or 20 years. It will also return the 100-120% of the paid premiums at the end of the policy tenure as a lump sum survival benefit.
Key Features
Eligibility
Entry age | 18 years to 58 years |
Maturity age | 70 years |
Minimum sum assured | Rs. 5,00,000 |
Maximum sum assured | No limit (subject to underwriting) |
Policy term | 12 years, 15 years and 20 years |
Premium payment term | 12 years, 15 years and 20 years |
**Last Updated on 02-02-2021
The company offers riders that allow you to enhance the basic cover. All you have to do is pay an additional yet nominal premium to make a purchase. Below is the list of Bharti AXA Term Insurance riders for your reference.
This Life Term Rider assists the insured's family with the additional sum assured in case of the insured's demise. The amount that you receive with this rider will be an addition to the Death Benefit of the Base Policy.
Bharti AXA Life Premium Waiver Rider will waive off all your future premiums in case of an unfortunate situation like critical illness, permanent disability, or death of the policyholder. With this rider, the benefits under the base plan will remain active.
It is a health insurance rider that offers you a fixed amount of benefit for each day of hospitalization. It also offers a fixed amount benefit if you are admitted in an Intensive Unit Care or a lump sum benefit in case of surgery.
It is a regular pay insurance rider that offers 100% sum assured to the nominee in case of death of the insured due to an accident, subject to the rider policy being in force.
This rider provides better protection to the family in case of the insured's death due to an accident.
You can buy Bharti AXA Term Insurance through PolicyX.com or from the official website of the company.
Buy via Bharti AXA Life Insurance Company
Rest of the Bharti AXA term insurance plans are not available online. You have to visit the nearest Bharti AXA Life Insurance Company's branch to make your purchase.
Buy Via PolicyX.com
Note: You can carry out the claim process by visiting the nearest branch of Bharti AXA Life Insurance Company.
1. What documents are necessary to make a non-accidental death claim?
2. Is the option of the grace period available under Bharti AXA Life term plans?
Yes, the life assured is given a grace period of 30 days to pay the due premium. After termination of the grace period, the policy will be declared as lapsed or terminated.
3. Can we revive a lapsed policy?
Yes. If the life assured wants to regain the lost benefits and coverage, he/she has to fulfil the below criteria-
4. Can I share a bank statement as an alternative document if I don't have income proof?
No, the Bank statement cannot be considered as income proof for Bharti AXA Life Term Plan.
5. Can a self-employed person invest in Bharti AXA term Insurance?
Yes. To invest in Bharti AXA Term Insurance Plans, you have to submit documents and details related to your Proprietorship/Partnership.
6. Can I get a copy of my medical report?
Yes, you can get a copy of the medical report but the FMR report as per the company guidelines.
Last updated on 02-02-2021