Bharti AXA Life Flexi Term Pro

Overview

Bharti AXA Life Flexi Term Pro is a comprehensive term insurance plan that can be customized to your needs. It offers two plan options and provides coverage for single or joint life. You can stay protected with a life cover up to the age of 99 years. The plan also offers the flexibility to increase your sum assured at certain milestones under the life stage benefit. Additionally, you can customize your plan further by adding optional riders at a minimal additional premium.

Key Features and Benefits

• Whole Life Cover: Option to cover yourself for your entire lifetime, up to 99 years of age.
• Plan Options: Choose between two plan options: with Return of Premium or without Return of Premium.
• Joint/Single Life Cover: Under the Without Return of Premium variant, you can opt for Single Life Cover or Joint Life Cover, which covers your spouse under the same policy.
• Life Stage Benefit: Increase your life coverage as per your increasing life stage requirements.
• Death Benefit: Upon the policyholder's demise during the policy period, the death benefit amount is payable to the nominee.
• Death Benefit Payout Options: At policy inception, choose from three payout options: lump sum, monthly income, or a combination of lump sum plus monthly income.
• Maturity Benefit: If you outlive the policy tenure and have chosen the Return of Premium option, you receive all premiums paid towards the plan at maturity.
• Tax Benefits: Premiums paid are eligible for tax benefits under Section 80C of the Income Tax Act, and the benefits received are tax-exempt.
• Discounts on Premium: Special discounts on premium rates are offered for female lives and non-tobacco users.

Riders Associated with Bharti AXa Life Flexi Term Pro Plan

You can add the following riders to your Bharti AXA Life Flexi Term Pro Plan:

Hospi Cash Benefit Rider

Get an additional fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.

Accidental Death Benefit Rider

Receive an extra payout on top of the base cover in case of unfortunate death due to an accident.

Premium Waiver Rider

Waives off future premiums if you face an unfortunate event like critical illness, permanent disability, or death.

Exclusions

• Death due to a pandemic is not covered.
• Death caused by any type of adventure sports.
• Death due to consumption of drugs and alcohol.
• Death due to any pre-existing disease not disclosed at policy inception.
• If a policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to the nominee.