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Overview
Bharti AXA Life POS Saral Jeevan Bima Yojana is a non-linked, non-participating, individual, pure-risk premium life insurance plan that offers a lump sum death benefit from ₹50,000 with no upper limit in case of the life insured's demise during the policy tenure. It also provides a double sum assured to the nominee if the life insured's death is due to an accident. A key advantage is its high policy issuance rate, as no medical examination is required for purchase.
Key Benefits
- Affordable Premium
- Multiple Premium Payment Modes
- In-built Accidental Cover
- Tax Benefits as per prevailing laws
- Double Sum Assured Option
- Advance Premium Feature
Key Features
No Medical Examination
For Bharti AXA POS Saral Jeevan Bima Yojana, no medical examination is required; only a self-declaration of health status is needed.
Quick Issuance
Unlike traditional term plans with longer issuance periods due to extensive formalities, Bharti AXA POS Saral Jeevan Bima Yojana offers quick and hassle-free policy issuance.
Lump Sum Death Benefit
Upon the demise of the life insured during the policy term, a lump sum death benefit is payable to the nominee to help them manage future expenses.
Flexible Policy Term
Bharti AXA POS Saral Jeevan Bima Yojana offers the flexibility to choose from multiple policy term tenures to match your needs and requirements.
Accidental Death Cover
An extra payout is provided on top of the base cover in case of accidental death of the life insured during the policy term.
Riders Associated with Bharti AXA Life POS Saral Jeevan Bima
You can add the following riders to your Bharti AXA Life POS Saral Jeevan Bima Plan:
Accidental Death Benefit Rider
Get an extra payout on top of the base cover in case of unfortunate death due to an accident.
Premium Waiver Rider
It waives off your future premiums if you face an unfortunate event like critical illness, permanent disability, or death.
Hospi Cash Benefit Rider
Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.
Exclusions
- Death due to a pandemic is not covered.
- Death caused by adventure sports.
- Death due to consumption of drugs and alcohol.
- Death due to any pre-existing disease not disclosed at policy inception.
- If the policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to the nominee.
