Bharti AXA Life Suraksha Plan

Overview

Bharti AXA Life Suraksha is a protection plan that allows you to get whole-life coverage till 99 years. It offers two plan options: without the return of premium and with the return of premium. The plan provides several additional in-built benefits such as life stage benefit, joint life cover, special exit value, and a premium top-up option. It offers flexible premium payment terms, allowing you to pay premiums at your convenience. You can also decide on your death benefit payout: lump sum, monthly installments, or a combination of lump sum and monthly installments. Additionally, this plan provides extra protection against critical illness and hospitalization.

Key Features and Benefits

• Whole Life Cover
• Life Stage Benefit
• Spouse Life Cover
• Tax Benefits as per laws
• Premium Top-up Option
• Return of Premium
• Coverage for Joint/Single Life
• Flexible Policy and Premium Payment Term
• Discounts on Premium
• Increase Sum Assured
• Special Exit Value
• Maturity Benefit
• Death Benefit Payout Options

Coverage for Joint/Single Life

Under the return of premium variant, you have the option to choose a single life cover or a joint life cover. With this option, you can add your spouse under a single plan and get coverage for two people.

Whole Life Cover

Get complete protection up to the age of 99 years and stay protected with a life cover for an entire lifetime.

Flexible Policy and Premium Payment Term

The plan offers flexible premium payment and policy terms, allowing you to pay premiums at your convenience and customize the plan to suit your needs.

Discounts on Premium

The plan offers special discounts on premium rates for female lives and non-tobacco users.

Increase Sum Assured

Bharti AXA Life Suraksha allows policyholders to increase their sum assured amount up to 50% of the base sum assured twice during the policy term.

Special Exit Value

With this feature, you can exit your policy during the special exit year and get back all the premiums paid towards the plan as surrender value.

Tax Benefit

The premium paid under the Bharti AXA Life Suraksha plan is eligible for tax benefits under Section 80C of the Income Tax Act, and the benefits availed are tax-exempt.

Maturity Benefit

Bharti AXA Suraksha term plan offers a maturity benefit upon survival of the entire policy term. As a maturity benefit, you can get back all the premiums paid during the policy term.

Death Benefit Payout Options

At the inception of the policy, the policyholder can choose the Death Benefit Payout from one of three options: lump sum, monthly income, or lump sum plus monthly income.

Riders Associated with Bharti AXA Life Suraksha Plan

You can add the following riders to your Bharti AXA Life Suraksha Plan:

• Bharti AXA Life Premium Waiver Rider

  This rider waives off your future premiums if you face an unfortunate event like critical illness, permanent disability, or death.

• Bharti AXA Life Hospi Cash Rider

  Get an additional fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.

• Bharti AXA Life Complete Shield Rider

  Receive an additional sum assured chosen under the rider if a covered event occurs.

Exclusions

• Death due to a pandemic is not covered by the company.
• Death caused by any type of adventure sports.
• Death due to the consumption of any type of drugs and alcohol.
• Death due to any pre-existing disease that was not mentioned at the start of the policy.
• If a policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to their nominee.