Bharti AXA Grameen Jeevan Bima
  • Pure protection
  • Return of premium
  • Tax benefit
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Bharti AXA Grameen Jeevan Bima Yojana

“A micro term insurance plan that offers small life cover at nominal premiums”

Are you looking for an extremely inexpensive term insurance plan with a short coverage? Then Bharti AXA Grameen Jeevan Bima might be the right choice for you. The plan is a micro term insurance plan which means that it offers a minimal life cover which starts at Rs. 10,000 and goes up to 2 Lacs.

Grameen Jeevan Bima Yojana is a highly affordable plan with monthly premiums as low as Rs 85 only. The plan comes with a return of premium option and comes in 2 variants such as:

  • Pure protection plan
  • Protection with return of premium

Bharti AXA Grameen Jeevan Bima: An overview

Parameter Specifications
Entry age Minimum - 18 years
Maximum - 60 years
Policy term Minimum - 5 years
Maximum - 10 years
Sum assured Minimum - 10 thousands
Maximum - 2 lakhs
Premium paying modes Single, annual, semi-annual, quarterly, monthly
Premium paying option Single pay, regular pay
Maturity age Max 65 years

Premium Illustration of Bharti AXA Grameen Jeevan Bima

Age Sum assured Policy term Premium amount (Regular) Premium amount (Single)
30 10, 000 5 years Rs. 20 Rs. 85
40 10, 000 5 years Rs. 32 Rs. 134
45 10, 000 5 years Rs. 49 Rs. 206

# Premium amounts shown above are exclusive of taxes.

Bharti AXA Grameen Jeevan Bima Yojana: Benefits

Below are the benefits associated with the Bharti Axa Grameen term plan.

  • Death Benefit

     In case of the death of life insured during the policy term, Bharti Axa Grameen Jeevan bima term plan immediately pays a death benefit to the nominee among the highest of three:

    Plan option - Pure Protection Plan

    Single Pay Regular pay
    • 11 times of single premium
    • 125% of Single premium
    • Sum assured on maturity
    • 11 times of single premium
    • 105% of Single premium
    • Sum assured on maturity

    Plan option - Return of premium

    Single Pay Regular pay
    • 11 times of single premium(age<=45)/ 5 times of single premium(age>=45).
    • 125% of Single premium
    • Sum assured on maturity
    • 11 times of single premium
    • 105% of Single premium
    • Sum assured on maturity

  • Survival benefit

     Upon the survival of the whole policy term, the Bharti Axa Grameen Jeevan bima term plan will return all paid premiums as a maturity benefit to you. Kindly note that the survival benefit is only available in return of premium option.

  • Tax benefit

     Bharti Axa Grameen Jeevan Bima term plan offers a tax rebate of up to 1.5 lacs under section 80C of the Income Tax Act for the premium paid for the same financial year.

How does Bharti Axa Grameen Jeevan Bima work?

Suppose Sonu, a 35-year-old family man, purchased Bharti Axa Grameen Jeevan Bima term plan to provide financial support to his family in the event of his demise.

Case 1

  • He decided to opt for the ‘Pure Protection’ variant of the plan for the policy term of 10 years and a sum assured of 1 lakh.
  • If any mishap occurs with Sonu during the policy term, a death benefit of Rs. 1 Lakh will be payable to the nominee, and the plan will close immediately.

Case 2

  • Sonu decides to opt for ‘Protection with the return of premium’ for a 10-year policy term with 1 Lakh sum assured.
  • Now, if any mishap occurs with Sonu during the policy term, the nominee still gets a 1 lac sum assured.
  • However, if Sonu survives the whole policy term, he will receive all the paid premiums back at the plan's maturity as a survival benefit.

Explore Bharti AXA Life Insurance

Know more about Bharti AXA Life Term Insurance plans, claim process, buying process, and contact details of the company by clicking on the sections below:

Claim Process

Click to know Bharti AXA Life Claim Process.

Buying Process

Click to know Bharti AXA Life Buying Process.

Contact Us

Feel free to contact us for more details.

Other Bharti AXA Life Term Insurance Plans

To secure your family's needs, Bharti AXA Life Term Insurance offers 7 term insurance plans, from which you can choose a well-suited plan for yourself:

Bharti AXA Flexi Term Pro

The plan offers a lump sum or monthly income to the family upon the policyholder's demise, with guaranteed payouts of up to 150% and tax benefits.

Unique Features

  • 100% to 150% of total premium
  • Death Benefits
  • Special Surrender Benefit

Flexi Term Pro (Pros)

  • Maturity Benefit
  • Loans Are Allowed
  • Guaranteed Monthly Income

Flexi Term Pro (Cons)

  • 1 Yr WP For Suicide
  • Unpaid Policy Lapses
  • Limited Revival Period

Flexi Term Pro (Other Benefits)

  • Easy Enrollment
  • Life Cover For Policy Term
  • Flexible-Premium Payment Modes

Flexi Term Pro (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - NA
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - 5 To 20 Yrs

Bharti AXA Saral Jeevan Bima

Non-Linked Non-Participating term insurance plan with a double sum assured on death due to accident and tax benefits.

Unique Features

  • Flexible policy term
  • Rider benefit
  • Discounts for women

Saral Jeevan Bima (Pros)

  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Bharti AXA Flexi Term Plan

An individual pure risk premium plan that covers critical illness at the age of 75 and comes with2 cover options.

Unique Features

  • 75 CI covered
  • Comprehensive cover
  • Major illness cover

Flexi Term Plan (Pros)

  • Cancer of Specified Severity Cover
  • Flexibility for Coverage Period
  • 105 % Death Benefit

Flexi Term Plan (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Flexi Term Plan (Other Benefits)

  • Suicide Cover
  • Waiver of Premium on CI
  • Multiple Death Benefit Payout Options

Flexi Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 10L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - Fixed (5 & 20 Yrs)

Bharti AXA Grameen Jeevan Bima Yojana

Non-Linked Non-Participating Life Term Micro Insurance Plan. It offers flexibility to opt 2 plan options and tax benefits.

Unique Features

  • Pure protection plan
  • Protection with ROP
  • Tax benefits

Grameen Jeevan Bima Yojana (Pros)

  • Loans Are Allowed
  • Surrender Benefit
  • Rider Benefit

Grameen Jeevan Bima Yojana (Cons)

  • No HIV Cover
  • No Discount Available
  • 1 Yr Waiting Period For Suicide

Grameen Jeevan Bima Yojana (Other Benefits)

  • Death Benefit
  • Max Sum Assured 2L
  • Policy Can Be Bought Online

Grameen Jeevan Bima Yojana (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 10K
  • Maximum Maturity Age - 65 Yrs
  • Premium Payment Term - RP/SP

Bharti AXA Life Smart Jeevan

A plan that offers affordable premiums and 100% return of premiums paid till the end of Policy Term as maturity benefit.

Unique Features

  • Tax Benefits
  • Maturity benefits available
  • Affordable premiums

Bharti AXA POS Saral Jeevan Bima Yojana

Non-Linked Non-Participating term insurance policy provides double the sum assured on death due to an accident.

Unique Features

  • Flexible policy term
  • No medical test required
  • Tax benefits

POS Saral Jeevan Bima Yojana (Pros)

  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

POS Saral Jeevan Bima Yojana (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

POS Saral Jeevan Bima Yojana (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

POS Saral Jeevan Bima Yojana (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Bharti AXA Life Income Protection Plan

A plan that guarantees an annual pre-planned income and 2 death benefit options available.

Unique Features

  • Maturity benefits available
  • 2 death benefit options
  • Avail survival benefit

Bharti AXA Grameen Jeevan Bima : FAQ's

1. What is the minimum age limit for buying Bharti Axa Grameen Bima Yojana term insurance plan?

The minimum age limit of Bharti Axa Grameen Bima Yojana term insurance plan is 18 years.

2. Is Bharti axa grameen bima yojana available in all pin codes?

Yes, Bharti Axa grameen bima yojana is available on all pin codes, you can check by entering your area pin codes on the website.

3. What are the different plan options available in Bharti axa grameen bima yojana?

Bharti axa grameen bima yojana offers two plan options :

  • Pure protection option.
  • Return of premium option.

4. What is the max. maturity age of Bharti axa grameen bima yojana term plan?

The maximum maturity age of Bharti axa grameen bima yojana term plan is 65 years.

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Bharti Axa Life Insurance Reviews

Read what our customers have to say about Bharti AXA term insurance company

Customer Review Image

Vidit

Pune

March 14, 2024

I Purchased a Bharti Axa life insurance policy on 2 Jan 24 from policyx.com; the overall experience was excellent for everyone.

Customer Review Image

Vipul Bhardwaj

Coimbatore

June 9, 2022

Bharti AXA is a good life insurance company, and I am sure if something ha[opens to me, the company will look after my family s needs.

Customer Review Image

K V Sharma

Kolkata

October 6, 2021

decent company overall...took time to explain everything and listened attentively! found it impressive and bought a term plan within a day!

Customer Review Image

Tanesh G

Pune

October 6, 2021

help ke liye thanks a lot to team bharti! you are a good help and I will soon buy another cover from them! Recommended!

Customer Review Image

Tanuj Kumar

Mumbai

October 5, 2021

policyx suggested my this company. it is trustworthy also and I wud recommedn to everybody who is planning to buy insurance

Customer Review Image

Geetanjali

Kolkata

October 5, 2021

Bought a plan thru policyx for first time...so thankful to the team there...they facilite a smooth talk and buying!

Customer Review Image

Jyoti Desai

Delhi

October 4, 2021

Bought my very first life insurance policy from Bharti...I had some great options to choose from! I belive it will help my family if ever required! Thanks, guys! and keep up

Customer Review Image

Sweety

Belgaum

October 4, 2021

my claim was etlled in mere 8 days...I was so worried about it but the Bharti axa team was swift and very considerate of my financial situation

View All Bharti Axa Life Insurance Reviews

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