POS Saral Jeevan Bima Yojana
  • Double Sum Assured
  • No medical examination
  • Quick policy issuance
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Bharti AXA POS Saral Jeevan Bima Yojana

'A term plan that gives double sum assured to your nominee'

Are you working in a highly accident-prone area such as mines, buildings, or construction sites where the chances of casualty are much higher compared to the normal sector? Then, in a normal term plan, your nominee will only receive a death benefit that is available in your policy.

But what if there is a term plan that offers a double sum assured on death due to an accident?

Yes, you heard it correctly. Today, we are talking about a term plan named Bharti AXA Life POS Saral Jeevan Bima Yojana that offers double the sum assured to the nominee in case of the demise of the life insured due to an accident.

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. The plan also has one of the highest policy issuance rate due to the reason no medical examination test is required for purchasing.

In this article, we will cover all necessary points of Bharti AXA Life POS Saral Jeevan Bima Yojana, and how you can purchase it without hassle.

Bharti AXA POS Saral Jeevan Bima Yojana: Eligibility criteria

Parameters Specifications
Entry Age Min - 18 years
Max - 55 years
Maturity Age Min - 28 years
Max - 65 years
Policy Term 10/15/20/25 years
Premium Paying Term Regular Pay (Same as Policy Term)
Sum Assured Min - Rs. 50,000
Max - No limit
Premium Payment Modes Annual, semi- annual, quarterly & monthly
Policy loan Not available

Features of Bharti AXA POS Saral Jeevan Bima Yojana

Below are features available in Bharti AXA POS Saral Jeevan Bima Yojana

  • No medical examination

    For Bharti AXA POS Saral Jeevan Bima Yojana, you will not need to undergo any medical examination; only a self-declaration of your health status is required by the company.
  • Quick issuance

    Sometimes, in a normal term plan, the issuance period is slightly longer due to many formalities required by the insurance company. But in Bharti AXA POS Saral Jeevan Bima Yojana, you will get a quick and hassle-free issuance of the policy.
  • Lump sum death benefit

    Under Bharti AXA POS Saral Jeevan Bima Yojana, upon the demise of the life insured during the policy term, a lump sum death benefit will be payable to the nominee to cope with further expenses for living.
  • Flexibility to choose policy term

    Under Bharti AXA POS Saral Jeevan Bima Yojana, you get the flexibility to choose among multiple policy term tenures in order to match it with your needs and requirements over time.

What are the benefits available in Bharti AXA Life POS Saral Jeevan Bima Yojana

Below are the benefits associated with Bharti AXA Life POS Saral Jeevan Bima Yojana.

  1. Death Benefit (other than death due to Accident)

    During the Waiting Period of 90 days

    Upon the demise of life insured within 90 days of policy purchase, the death benefit under Bharti AXA Life POS Saral Jeevan Bima Yojana will be payable as

    • 100% of premiums paid till the date of Death.

    After Waiting Period of 90 days

    Upon the demise of the holder after 90 days of policy inception, the death benefit under Bharti AXA Life POS Saral Jeevan Bima Yojana will be payable as highest of the among:

    • 11 times the annualized premium
    • 105% of all premiums paid as of the date of Death
    • The absolute amount assured to be paid on Death is equal to the sum assured under the policy.
    • Sum assured on maturity, which is zero under this product.

    Death Benefit (Death due to Accident):

    In case of the demise of a life-insured due to an accident during the policy term, the total Death Benefit payable will be equal to two times the sum assured on the Death.

  2. Maturity benefit

    No Maturity benefit is available under Bharti AXA Life POS Saral Jeevan Bima Yojana.

  3. Tax benefit

    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.

Wanna know more about this Bharti AXA POS Saral Jeevan Bima Yojana?

If you have doubts or queries regarding the Bharti AXA POS Saral Jeevan Bima Yojana or need a human touch, you can contact us at the following details. A certified financial advisor from pollicyx.com will get in touch with you soon

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.

Premium Illustration of Bharti AXA POS Saral Jeevan Bima Yojana

Given below is the premium illustration of Bharti AXA POS Saral Jeevan Bima Yojana for a 30-year-old non-smoker for a policy term of 10 years with a sum assured of Rs.10 lacs.

Age Policy term Premium paying term Sum assured Premium amount
30 years 10 years Annual 10 lacs Rs. 2,860 /-

Conclusion of Bharti AXA POS Saral Jeevan Bima Yojana

Want to know the Bharti AXA POS Saral Jeevan Bima Yojana in short? For your convenience, we are providing a short overview of the yojana. By knowing what's good here and what's lacking, you can easily decide to purchase.

What’s Good? What’s Lacking?
Double death benefit No medical examination
No zero cost No waiver of premium
Flexible Premium paying option No return of premium

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 Jeevan Bima Yojana: FAQ's

1. What is the minimum age to purchase Bharti AXA POS Saral Jeevan Bima Yojana?

The Minimum age to purchase Bharti Axa POS Saral Jeevan Bima yojana is 18 years.

2. What is the maximum maturity age available in Bharti AXA POS Saral Jeevan bima yojana?

The maturity age to purchase Bharti AXA POS Saral Jeevan bima Yojana is 65 years of age.

3. What is the minimum sum assured available in Bharti AXA POS Saral Jeevan bima yojana?

The minimum sum assured available in Bharti AXA POS Saral Jeevan bima yojana is Rs. 50,000 only.

4. Can I avail of any loan against Bharti AXA POS Saral Jeevan bima yojana plan?

No, any type of loan is not available against Bharti AXA POS Saral Jeevan bima yojana.

5. Is it true that Bharti AXA POS Saral Jeevan bima yojana can be purchased without medical examinations?

Yes, Bharti AXA POS Saral Jeevan bima yojana can be purchased without undergoing any medical examination, and a written declaration of your health is enough.

6. How much grace period is available in Bharti AXA POS Saral Jeevan Bima Yojana?

In Bharti AXA POS Saral Jeevan Bima Yojana, you get a 30-day interest-free grace period for paying all due premiums.

7. How much free look period is available in Bharti AXA POS Saral Jeevan Bima Yojana?

If you are dissatisfied with the terms and conditions associated with Bharti AXA POS Saral Jeevan Bima Yojana. You have the 30-day free-look period in order to take back all the paid premiums.

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Bharti Axa Life Insurance Reviews

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

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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.

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Akshay Khaana

Mumbai

May 10, 2024

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

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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.

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Govind kumar

Bhopal

May 10, 2024

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

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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.

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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.

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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!

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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.