As an average middle class, we all have certain goals to complete such as a child's education, marriage, paying off debts or planning our retirements. Sometimes it seems difficult to plan for our family's future for any emergencies right?
But not anymore! Because, today we have got you a term plan, named Bharti AXA Saral Jeevan Bima that not only provides you higher sum assured but also comes with affordable premiums.
Bharti AXA Saral Jeevan Bima is a pure protection, non-linked, life insurance plan that comes with flexible premium options such as Single Pay, Limited Pay, and Regular Pay. You can protect your loved ones up to 70 years of age, choose your own policy term, and attach 2 kinds of riders with your policy.
In this article, we will discuss all about Bharti AXA Saral Jeevan Bima.
Bharti AXA Saral Jeevan Bima: Eligibility criteria
Parameters
Specifications
Entry Age
Min - 18 years Max - 65 years
Maturity Age
70 years
Policy Term
Min - 5 years Max - 40 years
Premium Paying Term
Single Pay/Regular Pay/Limited Pay(5 Years)/Limited Pay (10 Years)
Sum Assured
Min - 5 lacs Max - 50 lacs Multiples of 50,000 only.
Premium Payment Modes
Annual, semi-annual & monthly
Policy loan
Not Available
What are the benefits available under Bharti Axa Saral Jeevan Bima?
Below is the list of following benefits available under Bharti Axa Saral Jeevan Bima:
Death Benefit
Upon the unfortunate demise of the policyholder, Bharti AXA Saral Jeevan Bima will pay the death benefit among the highest of the following:
For regular premium modes:
10 times the annualized premiums.
105% of all premiums paid as of the date of death.
The absolute amount assured to be paid on death.
For Single premium modes:
125% of single Premium.
Absolute amount assured to be paid on death.
Tax Benefits
All the premiums paid for Bharti Axa Saral Jeevan Bima can be used for tax rebates up to 1.5 lacs under section 80C of Income Tax Act, 1961.
Multiple combinations of Policy Terms and Premium Payment Terms
Bharti AXA Saral Jeevan Bima offers the flexibility to choose your own policy term and premium payment term to suit your needs:
Below is the illustration of policy terms and premium payment terms available:
Premium Payment Option
Minimum Policy Term
Maximum Policy Term
Single Pay
5 years
40 years
Limited Pay
5 years (PPT – 6 years) 10 years (PPT – 11 years)
Regular Pay
5 years
Riders Available With Bharti AXA Life Saral Jeevan Bima
Following are the two riders available in Bharti Axa Saral Jeevan Bima:
Bharti AXA Life Accidental Death Benefit rider
Bharti AXA Life Accidental Death Benefit rider provides an additional sum assured equal to 50% of the sum assured in case of the unfortunate demise of the life insured due to an accident.
Bharti AXA Life Accidental Total and Permanent Disability Rider
Bharti AXA Life Accidental Total and Permanent Disability Rider provides a rider sum assured to the nominee in case of permanent disability within 120 days of the accident.
Premium Illustration of Bharti AXA Saral Jeevan Bima
Below is the premium illustration of a 30-year-old male, a non-smoker, for a policy and premium paying term of 10 years with a sum assured of 25 lacs.
Age
Premium Paying Term
Policy Term
Sum Assured
Premium Amount (Monthly)
30 years
10 years
10 years
25 lacs
Rs. 602/-
Exclusions of Bharti Axa Saral Jeevan Bima
Given below are some exclusions of Bharti Axa Saral Jeevan Bima:
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 Saral Jeevan Bima?
If you have doubts or queries regarding the Bharti Axa Saral Jeevan Bima plan or need assistance, you can contact us at the following details. A certified financial advisor from policyx.com will get in touch with you.
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:
Read what our customers have to say about Bharti AXA term insurance company
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.
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.
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!
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!
Tanuj Kumar
Mumbai
October 5, 2021
policyx suggested my this company. it is trustworthy also and I wud recommedn to everybody who is planning to buy insurance
Geetanjali
Kolkata
October 5, 2021
Bought a plan thru policyx for first time...so thankful to the team there...they facilite a smooth talk and buying!
Jyoti Desai
Delhi
October 4, 2021
Bought my very first life insurance policy from Bharti...I had some great options to choose from! I belive it will help my family if ever required! Thanks, guys! and keep up
Sweety
Belgaum
October 4, 2021
my claim was etlled in mere 8 days...I was so worried about it but the Bharti axa team was swift and very considerate of my financial situation
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.
