Bharti AXA POS Saral Bachat Yojana
  • Return of premium
  • Affordable premiums
  • Tax benefits
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Bharti AXA Life POS Saral Bachat Yojana

Are you looking to save for the future and protect your loved ones? Then Bharti AXA POS Saral Bachat Yojana might be perfect for you! A plan that gives saving options with life insurance, along with affordable premiums to fit into your budget.

Bharti AXA POS Saral Bachat Yojana is pure protection, non-participating term insurance plan with a return of premium option so that you can take back all the paid premiums at the time of maturity.

In this article, you will get to know all the important information regarding Bharti AXA POS Saral Bachat Yojana.

Bharti AXA POS Saral Bachat Yojana: Eligibility criteria

Parameters Specifications
Age of entry Min - 3 years
Max - 55 years
Maturity Age 65 years
Policy Term Min - 10 years
Max - 15 years
Premium paying term Min - 5 years
Max - 12 years
Sum Assured Min - Rs. 15,602
Max - Rs. 6 lacs
Premium Payment Modes Annual, semi- annual, quarterly & monthly
Policy loan Not available
Minimum Premium Rs. 2500/- per annum

What are the Benefits available under Bharti AXA POS Saral Bachat Yojana?

Below are the benefits available under Bharti AXA POS Saral Bachat Yojana.

  1. Death benefit

    Upon the unfortunate demise of the life insured during the policy term, Bharti AXA POS Saral Bachat Yojana pays the death benefit among the highest of the following:

    • Death benefit (other than death due to accident) - During a waiting period of 90 days: The death benefit payable will be 100% of the premium paid till the date of death (excluding taxes).
    • Death benefit (other than death due to accident) - After waiting 90 days:

      In case of unfortunate death, the sum assured will be payable to the nominee is the highest of the:

      • 11 times annualized premiums.
      • 105% premium paid as on date of death.
      • The sum assured on maturity is equal to the sum assured on death.
    • Death (death due to accident) - No waiting period is applicable:

      In case of accidental death of the life assured during the policy term, an amount equal to double the sum assured will be payable to the nominee.

  2. Maturity benefit

    Upon the complete survival of the policy term by the life assured, Bharti Axa POS Saral Bachat Yojana will return all the premiums on maturity excluding taxes.

  3. Tax benefit

    Bharti AXA POS Saral Bachat Yojana offers a tax rebate of up to 1.5 lacs under section 80C of the Income Tax Act 1961, for all the premiums paid in the same financial year.

How does Bharti AXA POS Saral Bachat Yojana work?

Suppose Vaibhav a 28-year-old guy, purchased the plan for 10 years with a premium payment term of 5 years.

The premium for the plan comes out to Rs. 1500/- per month, with the basic sum assured of Rs. 1,27,617, with a premium payment term of 5 years.

:

Benefits Payable End of Policy Year Maturity Benefit Maturity Amount
Maturity benefit 10th year Sum assured on maturity Rs. 127,617/-

In the case of Vaibhav death’s during the policy term, his benefit would be given as below:

Benefits Payable Death Benefit
Death benefit (other than due to accident)- during the waiting of 90 days. 100% of the total premium will be payable till death.
Death benefit (other than due to accident)- after a waiting period of 90 days Rs. 190,311/-
Death benefit due to accident Rs. 380,622/-

Premium Illustration of Bharti AXA POS Saral Bachat Yojana

Below is the premium illustration of the Bharti AXA POS Saral Bachat Yojana for a 30-year-old male, non-smoker for a policy term of 10 years with a sum assured of 5 lacs.

Age Policy term Premium paying term Sum assured Premium amount
30 years 10 years 12 years 5 lacs Rs.2345/-

Exclusions of Bharti AXA POS Saral Bachat Yojana

Given below are some exclusions of the Bharti AXA POS Saral Bachat Yojana:

  • Suicide within 12 months of policy inception.
  • Consumption of any type of intoxicants.
  • Death due to any aviation accident.
  • Death due to any adventurous sports.

Wanna know more about the Bharti AXA POS Saral Bachat Yojana?

If you have doubts or queries regarding the Bharti AXA POS Saral Bachat Yojana or need assistance, contact us at the following details. A certified financial advisor from policyx.com will get in touch with you.

Toll-free no: 1800-4200-269

Office address: 1st Floor, Landmark Tower, Plot no-2, South City-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.

Bharti AXA POS Saral Bachat Yojana: Other Provisions

  • Free-look Period

    Suppose you are unsatisfied with the terms and conditions associated with the Bharti AXA POS Saral Bachat Yojana, In that case, you can cancel the plan by giving a written notice or emailing Bharti Axa within 15 days of plan purchase (offline purchase) and 30 days (online purchase).
  • Grace Period

    Suppose you miss paying your premium on the due date then you have 30 days to pay the premium without interest (annual premiums) and 15 days (for monthly premiums).
  • Revival period

    Bharti AXA POS Saral Bachat Yojana offers a revival period for 5 consecutive years from the due date of the first unpaid premium (with penalty) so that the life insured can still renew the policy.

Explore 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:

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 POS Saral Bachat Yojana: FAQ's

1. What minimum policy term is available under Bharti AXA Life POS Saral Bachat Yojana?

The minimum policy term available is 10 years.

2. Who can buy Bharti AXA Life POS Saral Bachat Yojana?

Solo earners and businessmen can purchase Bharti AXA Life POS Saral Bachat Yojana.

3. What is the minimum age to purchase Bharti AXA Life POS Saral Bachat Yojana?

The minimum age to purchase Bharti AXA Life POS Saral Bachat Yojana is 18 years.

4. What are the different premium modes available under Bharti AXA Life POS Saral Bachat Yojana?

There are multiple premium modes available such as annual, Semi-annual, quarterly, and monthly.

5. What is the minimum premium available under Bharti AXA Life POS Saral Bachat Yojana?

The minimum premium available under this plan is Rs. 2500 per annum.

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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

Digambar

Bhopal

May 10, 2024

I was looking for a term plan to secure my family& 039;s future. So I contacted PolicyX and they helped me compare various term plans. So I choose Bharti Axa term plan.

Customer Review Image

Akshay Khaana

Mumbai

May 10, 2024

Mr. Suresh from PolicyX helped me get my Bharti AXA term plan approved after it was initially rejected.

Customer Review Image

Luvkant

Pune

May 10, 2024

I wanted to buy life insurance policy. So I contacted Bharti Axa Life Insurance. They helped me compare and choose the plan that is suitable for me.

Customer Review Image

Govind kumar

Bhopal

May 10, 2024

I have purchased Bharti Axa life insurance from policyx.com overall, the experience was good and satisfactory.

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!

View All Bharti Axa Life Insurance Reviews

Varun Saxena

Written By: Varun Saxena

Varun is a passionate content writer with over three years of experience in the insurance domain. An avid learner, he stays ahead of the industry's trends ensuring his writing remains fresh and includes the latest insurance shifts. Through his work, Varun strives to engage with targeted insurance readers.