Bharti AXA Life Suraksha Plan
  • Cover your spouse
  • Special exit option
  • Increased sum insured
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Bharti AXA Life Suraksha Term Plan

'A term plan that provides life cover to you and your spouse'

Life is unpredictable, but you can prepare for it financially with Bharti AXA Life Insurance. Are you and your better half both planning to purchase a term plan? Don't you think paying premiums of two different ones can impact your budget and be a little costly?

Why not buy a single plan which is shared by you both? You can opt for Bharti AXA's Suraksha Term plan which comes with a joint life cover option. Buying a single plan for both of you will not only save you from managing two different policies, it will also save your money from paying two hefty premiums altogether.

Apart from providing a life cover to both of you, the plan comes fully loaded with some amazing benefits. You can choose between the 2 variants of the plan such as:

  • Pure protection
  • Term return of premium

Suraksha term plan offers you coverage for 99 years, option to increase your sum assured at the important milestones of your life, a window to surrender the policy and receive all the paid premiums back under the special exit benefit. Apart from this, the plan lets you choose your own premium payment term, premium payment mode, and death benefit payout option.

Let us understand Bharti AXA Life Suraksha plan in detail.

Eligibility Criteria of Bharti Axa Life Suraksha Term Plan

Parameters Specifications
Entry Age Min - 18 years
Max - 65 years
Maturity Age Min - 19 years
Max - 99 years
Policy Term Min - 1 year
Max - 99 years
Premium Paying Term Single Pay/Regular Pay/Limited Pay
Sum Assured Min - 5 lacs
Max - No upper limit
Premium Payment Modes Monthly/Quarterly/Half-yearly/Yearly

Features of Bharti Axa Life Suraksha Term Plan

Following are the key features of the plan.

  • Coverage for joint and single-life

     Purchasing a term plan for you and your spouse individually could be a costly choice for you. With the Bharti Axa Suraksha term plan, you can even cover your spouse under the same. Under this benefit:
    • After the demise of the primary policyholder, the death benefit will be paid and the future premiums for the secondary policyholder will be paid off but the coverage will remain active.
    • If both the policyholders pass away at the same time, the death benefit will be paid to the nominee and the policy will terminate.
    Please note that this option could only be chosen at the time of policy inception and is not available with the Return of Premium option.

  • Whole life cover

     As an adult, you have a lot of liabilities to complete, so it isn't easy to spend on things repeatedly, such as term plans. With the Bharti Axa Suraksha term insurance plan, you get complete coverage for up to 99 years. As a result, you don't need to purchase a term plan more than once in your lifetime.

  • Increased sum assured

     As life moves on, your responsibilities also increase over time; with the increased sum-assured option of the bharti axa Suruksha term plan, you can increase your sum assured by any amount up to 50% of the base sum assured twice during the policy term. This will apply only in case if your policy term is equal to or greater than 10 years. The age of life insured should be below 45 years.

  • Special exit option

     In case you are left with no liabilities and wish to surrender your plan, you can opt for the special exit option. With the Bharti Axa Life Suraksha term plan, you get the special exit option to take up all the paid premiums back (excluding the taxes and rider premiums).

    The special exit year could be chosen from any of the below conditions:
    • The policy year in which the policyholder attains the age of 65 years (age last birthday) and the Policy should have completed 20 years.
    • 25th policy year for policies with a policy term of 40 to 44 years.
    • 30th policy years for policy terms greater than 44 years.
    Note that this benefit cannot be clubbed with the return of premium variant, joint life variant, and increasing sum assured benefit.

Benefits of Bharti Axa Life Suraksha Term Plan

Here are the benefits associated with the Bharti Axa Suraksha term plan:

  1. Death benefit

    The plan lets you choose the death benefit from the following options:

    • Lump sum
    • Monthly income
    • Lump sum plus monthly income

    Upon the demise of the insured person during the policy term, Bharti axa Suraksha term plan will pay a sum assured as a death benefit among the highest of below:

    For Single Pay

    • 1.25 times Single Premium.
    • Sum assured as per plan chosen.

    For Regular and Limited Pay

    • 11 times Annualized Premium.
    • 105% of Total Premiums Paid as of date of death.
    • Sum assured as per plan chosen.

  2. Maturity benefit

    Bharti AXA Suraksha term plan offers a maturity benefit upon the survival of the whole policy term. As a maturity benefit, you can get back all the paid premium paid during the policy term. At the inception of the policy, you have to choose the 'Return of Premium' option to take advantage of the maturity benefits of the plan.

  3. Tax benefit

    You can claim up to 1.5 lacs of tax for your premium under the Bharti AXA Suraksha term plan for section 80C of the Income Tax Act 1961.

  4. Discounts on premiums

    The policy offers special discounts to its female policyholders, non-smokers and transgender policyholders.

Premium Illustration of Bharti Axa Life Suraksha Term Plan

Age Gender Policy Term PPT Sum Assured Single Life - No TROP Joint Life TROP
30 Male 30 30 1 crore 14,700 20,550 25,900
35 Male 25 25 1 crore 18,300 25,300 36,800

Other Things you Should Know About Bharti AXA Suraksha Term Plan

  • Grace Period

     In case of any financial emergency that causes you difficulty paying the premium, the Bharti AXA Suraksha term plan offers a 15 day non-interest period to pay after the due date.

  • Free-look period

     If you are not satisfied with the terms and conditions associated with the term plan, you have 15 working days (if purchased online) and 30 working days (if purchased offline) to cancel the policy.

Riders Available With Bharti AXA Suraksha Term Plan

Bharti AXA Suraksha term plan comes with 3 unique riders. Let us have a look at them.

Available Riders Specifications
Bharti AXA Life Hospi Cash Rider Under this rider, you receive cash for each day of hospitalization for up to 40 days per year. The rider also offers a lump sum benefit in case of a surgery.
Bharti AXA Life Premium Waiver Rider Under the Premium waiver rider, all the future premiums of your term plan will waive off upon the diagnosis of any one critical illness from the 11 listed ones.
Bharti AXA Life Complete Shield Rider Under the Complete Shield Rider, you will get an extra sum assured from the occurrence of any of the covered events.

Exclusions of Bharti AXA Life Suraksha Term Plan

The plan does not cover the following conditions:

  • No loan is available under the policy.
  • No death benefit will be paid for suicide during the first 12 months of policy.

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:

Bharti AXA Flexi Term Pro

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 Life Suraksha Term Plan: FAQ's

1. What is the minimum age to get Bharti axa Suraksha term plan?

The minimum age to get the Bharti axa Suraksha term plan is 18 years.

2. What is the minimum sum assured I can get under the Bharti Suraksha term plan?

The minimum sum you can get under Bharti Axa Suraksha is 5 lacs.

3. What is the free-look period of the Bharti Axa Suraksha term plan?

Free-look period of the plan is 15 working days (if purchased online) and 30 working days (if purchased offline) to cancel the policy.

4. Is the Bharti Axa Suraksha term plan good to purchase?

Bharti axa Suraksha term plan is one of the most affordable and economical ways to protect the future of your loved ones.

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Bharti Axa Life Insurance Reviews

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

Customer Review Image

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!

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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

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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!

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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

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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

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.

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