POS Saral Jeevan Bima Yojana
- Double Sum Assured
- No medical examination
- Quick policy issuance
Bharti AXA Life POS Saral Jeevan Bima Yojana is a non-linked, non-participating, individual, pure-risk premium life insurance plan that offers lump sum death benefit from Rs.50,000 to no limit in case of demise of the life insured during the policy tenure. It provides a double sum assured to the nominee in case of the demise of the life insured due to an accident. The plan also has one of the highest policy issuance rates because no medical examination test is required for purchase.
Bharti AXA Life POS Saral Jeevan Bima offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 55 years
Maximum Maturity Age - 65 years
Minimum term - 10 years Maximum term - 25 years
Basic Sum Assured: ₹50 Thousands to no limit
The policy loan is not available under POS Saral Jeevan Bima Yojana Plan.
Annual, Semi-Annual, Quarterly, and Monthly
Let's understand how the Bharti AXA Life POS Saral Jeevan Bima Yojana works with a simple premium illustration.
Vijay, 30 years old, is looking for a term insurance plan to ensure he is covered against any events and his family is protected against any financial uncertainty.
His financial advisor advised him to buy the Bharti AXA Life POS Saral Jeevan Bima Yojana Work. He visited PolicyX.com.
Let's understand how the Bharti AXA Life POS Saral Jeevan Bima Yojana works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹860/month | ₹10,320/year | 30 years | ₹3,09,600 | ₹50 Lakhs |
Key Takeaways: In case of Vijay's unfortunate death during the policy term, his family will receive a lump sum death benefit payout.
Here are the benefits associated with the POS Saral Jeevan Bima Yojana
The death benefit shall be payable to the nominee as a lump sum upon the policyholder's unfortunate death during the policy term period.
It offers a double sum assured to the nominee in case of the demise of the life insured due to an accident.
All the premiums paid over Bharti AXA Life POS Saral Jeevan Bima Yojana can be used as tax rebates for up to 1.5 lacs under section 80C of the Income Tax Act 1961.
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 Life POS Saral Jeevan Bima Plan:
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 Life POS Saral Jeevan Bima Yojana is a best term insurance plan offering multiple premium payment modes and features at reasonable premiums.
If you have doubts or queries regarding the Bharti AXA POS Saral Jeevan Bima Yojana or need a human touch, you can contact us through the website policyx.com or at 1800-4200-269.
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