Bharti AXA Life POS Saral Bachat Yojana
- Return of premium
- Affordable premiums
- Tax benefits
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 term insurance plan that gives saving options with life insurance and affordable premiums to fit your budget. Bharti AXA POS Saral Bachat Yojana is a 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.
Bharti AXA POS Saral Bachat Yojana offers you a range of benefits including:
Minimum Age - 8 years Maximum Age - 55 years
Maximum Maturity Age - 65 years
Minimum term - 5 years Maximum term - 50 years
Basic Sum Assured: ₹40 Thousands to ₹10 Lakhs
The policy loan is not available under Bharti AXA Life POS Saral Bachat Yojana.
Annual, Semi-Annual, Quarterly, and Monthly
Let's understand how the Bharti AXA POS Saral Bachat Yojana works with a simple premium illustration.
Ajay, 35 years old, is looking for a term plan with good returns that helps him get guaranteed protection and a lump sum payout at maturity.
His financial advisor advised him to buy the Bharti AXA POS Saral Bachat Yojana Work. He visited PolicyX.com.
Let's understand how the Bharti AXA POS Saral Bachat Yojana works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 35 years | ₹978/month | ₹11,736/year | 35 years | ₹2,93,400 | ₹10 Lakhs |
Key Takeaways: In case of Ajay's unfortunate death during the policy term, his family will receive a lump sum death benefit payout. If he outlives the policy term, he'll get back all the premiums paid towards the plan as a maturity benefit.
Here are the benefits associated with the Bharti AXA Life POS Saral Bachat Yojana
Upon the unfortunate demise of the life insured during the policy term, Bharti AXA POS Saral Bachat Yojana pays the death benefit to the nominee.
Bharti AXA POS Saral Bachat Yojana offers a tax benefits 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.
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.
In this plan, you can only pay 3 months' premiums in advance on the policy's commencement date.
Bharti AXA Term Insurance Plans
You can add the following riders to your Bharti AXA POS Saral Bachat Yojana:
Get an extra payout on top of the base cover in case of unfortunate death due to an accident.
It waives off your future premiums in case you're faced with an unfortunate event like critical illness, permanent disability, or death.
Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.
Here is the list of exclusions associated with the plan:
Bharti AXA POS Saral Bachat Yojana is a simple-term insurance product. Apart from a death benefit, it offers a maturity benefit wherein you'll get back all the premiums on maturity, excluding taxes.
If you have doubts or queries regarding the Bharti AXA POS Saral Bachat Yojana plan, you can contact us through the website policyx.com or at 1800-4200-269.
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