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<section class="blog">
<div class="blog-content">
<p>Term life insurance is a <a href="/life-insurance/types-of-life-insurance-policy" target="_blank" title="type of life insurance">type of life insurance</a> that&nbsp;protects the family of life assured&nbsp;in case they meet with an unfortunate&nbsp;incident, leading to an untimely demise. It provides financial protection and coverage to the policy nominee&nbsp;if the policyholder is no more to look after the family, within the term insurance policy's active period. Term insurance, also known as pure term insurance plan, guarantees a predetermined <a href="https://www.bhartiaxa.com/be-smart/savings/sum-assured-in-guaranteed-saving-plans" target="_blank" title="sum assured">sum assured</a>, which is paid out to the policy nominee as a <a href="https://www.bhartiaxa.com/riders-in-insurance/accidental-death-benefit-rider" target="_blank" title="death benefit">death benefit</a>.</p>

<p>Term insurance policy is one of the most important <a href="/life-insurance" target="_blank" title="life insurance">life insurance</a> policies to purchase in the present era. You may ask, why? Well, term insurance not only protects your family financially in the event of an unfortunate event, but also helps save money on taxes. Besides, you can also take advantage of several other benefits that come with term plans. To understand this better, let’s take a look at the term insurance benefits listed below.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">Top Term Insurance Benefits</h2>

<p>Aside from providing financial security to the family, a <a href="/term-insurance" target="_blank" title="term insurance plan">term insurance plan</a> provides a slew of other advantages, such as lower premium rates, additional rider benefits, and so on. Let's take a look at the <a href="https://www.bhartiaxa.com/be-smart/term/features-and-benefits-of-term-insurance-you-may-not-be-aware-of" target="_blank" title="benefits of term insurance">benefits of term insurance</a> in more detail.</p>

<h3 class="section-main-heading">1. Extensive Life Coverage for an Affordable Premium</h3>

<p>One of the most remarkable advantages of term insurance is its low cost, affordable premiums. Compared to other types of life insurance plans, a term insurance policy has a lower premium, which ensures that you can easily pay for it. Another significant benefit of term insurance is that the premiums are even more affordable if you purchase it early in life - Remember the golden rule of buying insurance- 'The early, the better.'</p>

<h3 class="section-main-heading">2. Term Plan with Return of Premium Payment</h3>

<p>A <a href="https://www.bhartiaxa.com/be-smart/term/what-is-pure-term-insurance-plan" target="_blank" title="pure term insurance plan">pure term insurance plan</a> only offers life coverage to the nominee in case of the life insured's an untimely death. Furthermore, if you choose the <a href="/term-insurance/return-of-premium-term-plan" target="_blank" title="return of premium">return of premium</a> option on a term insurance policy, you will receive <a href="https://www.bhartiaxa.com/term-insurance/term-insurance-plan-with-maturity-benefits" target="_blank" title="term insurance with maturity benefit">term insurance with maturity benefit</a>. This choice will require you to pay higher premiums; however, you will receive a refund of all premiums paid in case of your survival till the end of policy tenure.</p>

<h3 class="section-main-heading">3. Whole Life Coverage</h3>

<p>One of the most important term insurance benefits is <a href="/life-insurance/whole-life-insurance" target="_blank" title="whole life insurance">whole life insurance</a>, which provides total protection for policyholders up to age 99. A term insurance policy is aimed to assist in relieving the financial strain on family members if the prime earner is no more.</p>

<h3 class="section-main-heading">4. Flexible Payments Options</h3>

<p>Depending on your cash flow, you can pay the premium monthly, biannually, or annually. Single premium plans allow you to pay for your entire premium all at once. As a result, late payments and insurance lapses are no longer a problem.</p>

<h3 class="section-main-heading">5. Additional Riders to enhance your Term Plan</h3>

<p>At a minimal charge, riders expand the <a href="/term-insurance/term-insurance-benefits" target="_blank" title="term insurance benefits">term insurance benefits</a>. These riders safeguard your family in the event of certain unforeseen circumstances. However, these riders are not mandatory and are available at additional cost.</p>

<ul>
	<li><b>Critical illness coverage :</b> If you are diagnosed with a covered critical illness for the first time, the insurer will make you a lump sum payment. The revenues can be used to pay for your costly therapies while maintaining your savings.</li>
	<br />
	<li><b>Accidental death benefit :</b> If the insurer meets a fatal accident, his/her family will get additional benefits in addition to the base value guaranteed.</li>
	<br />
	<li><b>Deferral Premium Payment :</b> <a href="https://www.bhartiaxa.com/pay-premium-online" target="_blank" title="Premium payment">Premium payment</a> is waived if you fail to pay your premiums due to causes covered by your plan, and your life insurance coverage continues until the term ends.</li>
</ul>

<h3 class="section-main-heading">6. Income Tax Savings Benefits</h3>

<p>Term insurance policies come with tax advantages. While the premiums you pay for term insurance are tax-deductible, the payouts are likewise exempt from taxes under current tax regulations. Benefits under tax laws are, however, subject to change.</p>

<ul>
	<li>
	<h4>Term Insurance Benefits Under Section 10 (10D) :</h4>
	According to Section 10(10D) of the Income Tax Act of 1961, the death benefit of term insurance plans is exempted.</li>
	<br />
	<li>
	<h4>Section 80C Term Insurance Benefits :</h4>
	The premium you pay to obtain a term insurance plan is tax-free up to a limit of Rs.1.5 lakh per year <a href="https://www.bhartiaxa.com/be-smart/tax-savings/income-tax-deduction-under-section-80c" target="_blank" title="under Section 80C">under Section 80C</a> of the Income Tax Act 1961. Under this section, you can gain maximum <a href="/term-insurance/term-insurance-tax-benefits" target="_blank" title="tax benefits">tax benefits</a> from term insurance by choosing the plan with the most coverage available to you based on your health and age.</li>
</ul>

<h2 class="section-main-heading">Types of Plans :</h2>

<h3 class="section-main-heading">Level Term Plans</h3>

<p>This is perhaps the most basic and simplest form of term insurance, in which the sum assured remains constant during the policy term and term insurance benefits are paid to the nominee upon the life insured's death.</p>

<h3 class="section-main-heading">TROP (Return of Premium) Plans</h3>

<p>Compared to the standard term insurances, these plans include a maturity benefit, which means that if the life insured survives the policy term, the entire premium paid will be reimbursed to him or her.</p>

<h3 class="section-main-heading">Increasing Term Plans</h3>

<p>A policyholder can increase the sum assured every year while keeping the same premium throughout the policy term.</p>

<h3 class="section-main-heading">Decreasing Term Plans</h3>

<p>Contrary to rising <a href="https://www.bhartiaxa.com/be-smart/term/generation-z-and-insurance" target="_blank" title="term plans">term plans</a>, the sum promised in these plans decreases every year, on a pre- defined basis, to match the life assured's decreasing insurance needs (however, the premium remains constant). These policies are useful when the policyholder has already taken out a large home/personal loan or pays an EMI.</p>

<h3 class="section-main-heading">Convertible Term Plans</h3>

<p>These are pure term plans have the option of being converted into any other form of plan at a later period by the policyholder. For example, if you acquired a 20-year term insurance plan but wish to convert it to an <a href="/savings-plans/super-endowment-plan" target="_blank" title="endowment plan">endowment plan</a>, a whole life insurance plan, or something else after five years, you can do so without any problem.</p>

<h3 class="section-main-heading">Term Plans with Add-on Riders</h3>

<p>Term plans also include rider options such as <a href="/health-plans/critical-illness-insurance" target="_blank" title="critical illness coverage">critical illness coverage</a>, accidental death coverage, and more, which can be added to a <a href="https://www.bhartiaxa.com/term-insurance/flexi-term-plan" target="_blank" title="standard term plan">standard term plan</a> for a nominal price.<br />
For instance, if a person chooses a rider and receives a premium waiver benefit, he or she will not be responsible for future premiums in the event of any unforeseen circumstances covered by the rider chosen.</p>

<p>Policyholders who are still perplexed about why we are so enthusiastic about term insurance plans consider this: a term insurance plan is the only way to protect your family's financial well-being in your absence completely. And the cost of this protection is pretty affordable, as term plans have the lowest premiums among all life insurance plans.</p>

<p>So, go ahead, get yourself insured with a term plan today!</p>
</div>
</section>


<p>Term life insurance is a type of life insurance that&nbsp; protects the family of life assured&nbsp; in case they meet with an unfortunate&nbsp; incident, leading to an untimely demise. It provides financial protection and coverage to the policy nominee&nbsp;</p>


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Top 6 Benefits of Term Plan

<section class="blog">
<div class="blog-content">
<p>Life is full of uncertainties, and planning for unforeseen events is crucial for financial security. Term life insurance offers peace of mind by providing a financial payout to your beneficiaries in case of your unfortunate demise during the policy term. However, critical illnesses can also disrupt your financial well-being, leaving you with a heavy burden of medical expenses and potential loss of income. This is where a critical illness rider comes in, enhancing your term plan by providing additional financial support during a critical illness diagnosis.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2>What is a Critical Illness Rider?</h2>

<p>A critical illness rider is an optional add-on benefit that you can attach to your <a href="https://www.bhartiaxa.com/term-insurance" rel="noopener noreferrer" target="_blank">term life insurance policy</a>. This rider pays out a lump sum benefit upon the diagnosis of a critical illness covered by the policy. This financial cushion can help you manage the high costs associated with critical illness treatment, including hospitalization, medication, and loss of income while you focus on recovery.</p>

<h2>Benefits of Adding a Critical Illness Rider</h2>

<p>Here's why you should consider adding a critical illness rider to your term plan:</p>

<ul>
	<li><strong>Financial Support During Illness:</strong> Critical illnesses can be financially draining. The lump sum benefit from the rider can help cover medical bills, medicines, and other treatment costs, reducing the financial burden on you and your family.</li>
	<li><strong>Peace of Mind: </strong>Knowing you have a financial safety net in place if diagnosed with a critical illness can provide immense peace of mind, allowing you to focus on your health and recovery.</li>
	<li><strong>Income Replacement:</strong> Critical illnesses can often lead to temporary or permanent disability, impacting your earning potential. The rider payout can help you manage your living expenses and maintain your financial stability during this challenging time.</li>
	<li><strong>Flexibility:</strong> Many critical illness riders offer the option to choose the specific illnesses covered by the policy. This allows you to tailor your coverage to your specific needs and concerns.</li>
	<li><strong>Enhanced Protection:</strong> By combining a term plan with a critical illness rider, you create a more comprehensive insurance solution that protects you against both death and critical illness.</li>
</ul>

<h2>Understanding Critical Illnesses Covered</h2>

<p>Critical illness riders typically cover a range of major illnesses, but the specific list can vary depending on the <a href="https://www.bhartiaxa.com/" rel="noopener noreferrer" target="_blank">insurance company</a> and the chosen plan. Some common critical illnesses covered by riders include:</p>

<ul>
	<li>Cancer</li>
	<li>Heart attack</li>
	<li>Stroke</li>
	<li>Kidney failure</li>
	<li>Major organ transplant</li>
	<li>Coronary artery bypass graft (CABG)</li>
	<li>Paralysis (permanent)</li>
	<li>Multiple sclerosis</li>
	<li>Blindness</li>
</ul>

<h2>Choosing the Right Rider for Your Needs</h2>

<p>Here are some key factors to consider when selecting a critical illness rider:</p>

<ul>
	<li><strong>Covered illnesses</strong>: Review the list of critical illnesses covered by the rider and ensure it aligns with your health concerns and family history.</li>
	<li><strong>Benefit amount:</strong> Choose a rider that offers a sufficient lump sum payout to cover your anticipated medical expenses and potential income loss.</li>
	<li><strong>Cost of the rider:</strong> Adding a rider will increase your overall premium cost. Compare quotes from different insurance companies to find an affordable and comprehensive rider option.</li>
	<li><strong>Claim process:</strong> Understand the claim process of the rider and the required documentation for a smooth claim experience.</li>
	<li><strong>Renewal conditions:</strong> Some riders may have renewal conditions based on your health status in the future.</li>
</ul>

<h2>Important Considerations</h2>

<p>Before adding a critical illness rider, keep these points in mind:</p>

<ul>
	<li><strong>Pre-existing conditions</strong>: Existing health conditions might affect your eligibility for a rider or the premium amount.</li>
	<li><strong>Waiting period:</strong> There might be a waiting period between purchasing the rider and being eligible to claim benefits.</li>
	<li><strong>Claim exclusions: </strong>The rider might have exclusions for certain causes of critical illness or pre-existing conditions.</li>
	<li><strong>Tax implications:</strong> The payout from the rider might be subject to taxes depending on the specific rider and tax laws.</li>
</ul>
</div>
</section>


How to Enhance Your Term Plan with a Critical Illness Rider?

<section class="blog">
<div class="blog-content">
<p>Currently, when it comes to buying a life insurance policy, there is no restriction of age, unlike the typical <a href="/savings-plans/super-endowment-plan" target="_blank" title="endowment insurance">endowment insurance</a> covers. The growth of the insurance sector in the past few years has attracted several companies offering a lot of choices and a wide variety of policy features. It includes <a href="/life-insurance">life insurance</a> policy, money back policy for your family goals, or pension cover that secures your future with steady income returns. It is challenging to choose a comprehensive insurance policy, but you don't need to stress as there is a complete insurance buying guide for first-time buyers.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">What is a term insurance?</h2>

<p>One of the most authentic life insurance policies is term insurance. It is a pocket, solid <a href="https://www.bhartiaxa.com/online-insurance-plans" target="_blank" title="insurance plan">insurance plan</a>. In case of any mishap during the policy period, the <a href="https://www.bhartiaxa.com/term-insurance">term insurance plan</a> covers to offer a lump sum death benefit to the beneficiaries of the policyholder. The family of the policyholder is taken care of and also given financial stability assurance. Furthermore, the insurer doesn't provide any benefit to the insured or the beneficiaries if the insured survives throughout the policy term.</p>

<p>Exceptional to this clause are premium return policies where the insured is offered the average of all the premiums paid. There is no investment attached under the term insurance plans, so the premiums are paid only towards the mortality charges. This is the only reason why term insurance plans are cheaper than other insurance covers.</p>

<h2 class="section-main-heading">Main characteristics of the term insurance plan</h2>

<p>If you are planning to buy the term insurance cover, you must be aware of the following features :</p>

<ul>
	<li>Sum Assured- It includes the amount that is payable to the nominees after the insured dies.</li>
	<li>Entry Age- A person falling in the age group of 18 to 65 is eligible to buy the term insurance plan.</li>
	<li>Maturity age- The maturity age defines the period at which the policy expires. Ideally, most systems have a maturity age of 75 to 80 years.</li>
	<li>Tenure- Tenure is the duration of the term insurance plan. For instance, if you are 50 years old, you should enter a term insurance plan with a maturity of 80 years, so you have a tenure of 30 years. Ideally, the tenure plan is between 10 to 40 years. You should seek for maximum tenure that the company allows for your age to obtain.</li>
	<li>Claim settlement ratio- When it comes to buying a term insurance plan, you should choose an insurer that offers a higher <a href="https://www.bhartiaxa.com/be-smart/life/is-claim-settlement-ratio-the-only-factor-to-measure-the-insurance-policies" target="_blank" title="claim settlement ratio">claim settlement ratio</a>. The ratio indicates the percentage claims that an insurer provides.</li>
	<li>Riders- The insurance coverage can be made better by the added benefits provided by the insurer. For example, if you <a href="https://www.bhartiaxa.com/be-smart/term/tips-on-choosing-a-term-plan" target="_blank" title="choose a term insurance">choose a term insurance</a> plan that features an accidental death rider, so under it, you will be paid 50lacs if you die, but you will be paid an additional 25 lakhs if you die because of an accident</li>
	<li>Health checks- When you apply for a term insurance plan, the insurer will ask you to undergo some health checkups. For example, you are 50 years old, and then you have to go through comprehensive blood tests, including HIV tests.</li>
</ul>

<h2 class="section-main-heading">Types of term insurance plans</h2>

<p>If you are planning to buy the term insurance cover, you must be aware of the following features :</p>

<ul>
	<li>Level term plan- It is a necessary term insurance plan that offers the sum assured after the demise of the insured.</li>
	<li>Increasing or decreasing term plans- The sum assured in the policy can either increase or decrease in each following year as a specified percentage.</li>
	<li>Monthly income plans- Irrespective of the fact that the sum assured in several term plans is paid in a lump sum as a death benefit. Under the <a href="/savings-plans/monthly-income-plan">monthly income plan</a>, the sum insured is paid in monthly installments.</li>
</ul>

<h3 class="section-sub-heading">Some casual riders and add-ons</h3>

<ul>
	<li>Monthly income- Under this, the insured is paid a monthly salary for specific years. The size of income may be some percentage of the sum assured. Also, in a few cases, the monthly income can be above and beyond the monthly rent. Furthermore, the <a href="/riders-in-insurance">rider</a> also has an escalating income variant in which there can be an increase in the monthly income at the end of every year.</li>
	<li>Accidental death or disability rider- The unexpected death or disability rider covers an extra sum assured if the insured dies or becomes disabled due to an accident. It covers both temporary and permanent disabilities.</li>
	<li>Premium waivers- under some unique circumstances, a few premiums are waived off by the company, including <a href="https://www.bhartiaxa.com/be-smart/term/term-plan" target="_blank" title="term plans">term plans</a> like disability, critical illness, and terminal illness.</li>
</ul>

<h2 class="section-main-heading">How to buy a term insurance plan?</h2>

<p>You can buy a term insurance policy, both offline and online. You can buy a term insurance plan from the official web portal of the insurance or through an insurance agent. When you buy an insurance policy from an <a href="/">insurance provider's</a> website, you can compare several products available with unique features so that you make the best choice that meets your requirements.</p>

<p>When you buy an insurance policy offline, you have to visit the nearest insurance branch with your KYC documents and fill in the application details to make the buying process complete. You can also buy insurance policies through insurance agents.</p>

<h2 class="section-main-heading">Things to keep in mind while buying a term insurance policy</h2>

<ul>
	<li>Better to buy the insurance plan early- Even though there is no minimum or maximum <a href="https://www.bhartiaxa.com/term-insurance/term-insurance-age-limit" target="_blank" title="age limit for term insurance">age limit for term insurance</a>, but it is better if you purchase it first. It is advised to buy the term plan at the right age because, as you age, your premium amount also increases, and it is challenging to get an insurance plan if you develop any disease.</li>
	<li>Avoid buying single premium policies- When you have to choose between regular premium and separate premium policy while purchasing a term insurance plan, it is better to go for monthly premiums as not all can pay the entire premium in one go. The best option that works for all is the yearly premium.</li>
	<li>Take an increase in premiums positively- This is a crucial step to understand- When you buy a term insurance plan, your premiums can accelerate after you get a medical checkup done. After you get your health checkup done, you might be asked to pay an extra premium due to health issues, and it is valid for an insurer to ask for the additional premium.</li>
	<li>Don't be overjoyed by add-ons- When it comes to term insurance plans, riders are fantastic add-ons. But you should only go for add-ons when you require them seriously, and you shouldn't add them just because they are available and gives you higher security.</li>
	<li>Present all the material facts- When you buy a term insurance plan, ensure you present all the material facts transparently, including being a smoker or a drinker. As the premium is calculated on these bases and if you are hiding these facts, it could result in rejection of your claim at the end. Thus it is essential to fill the form with mandatory requirements of the insurer.</li>
</ul>

<p>Therefore you must buy a term insurance plan if you have a family dependent on you to secure their future. In case you aren't there, the dependents can live comfortably with the <a href="https://www.bhartiaxa.com/be-smart/savings/sum-assured-in-guaranteed-saving-plans" target="_blank" title="sum insured">sum insured</a>. Term plans promise you peace of mind.</p>
</div>
</section>


<p>Currently, when it comes to buying a life insurance policy, there is no restriction of age, unlike the typical endowment insurance covers. The growth of the insurance sector in the past few years has attracted several companies offering a lot of choices and a wide variety of policy features</p>


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<p style="font-size: 14px; color: #fff"><u>IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER</u></p>

<p>&nbsp;</p>

<div class="plan-name">Bharti AXA Life Growth Shield Plus</div>

<div class="plan-title">Invest ₹10,000~/Month for 10 years | Get ₹47.11L at 8% or ₹12.27L at 4%</div>

<p style="color:white;font-size:14px;"><stron>~For Male age 35, online purchase of the policy, Life cover of Rs 84 lacs (till the end of the policy term)</stron></p>
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<p>&nbsp;</p>

<p>Let’s take a look at this case study :</p>

<p>&nbsp;</p>

<p>Mukesh, a 35-year-old, is worried about the uncertainties in life and realizes the need for protection. He wants to ensure that his family’s needs are taken care of in case of his death and wants an insurance solution to this.</p>

<p>&nbsp;</p>

<p><b>Scenario 1</b></p>

<p>Mukesh decides to purchase Bharti AXA Life Grameen Jeevan Bima for a policy term of 10 years regular pay and opts for the ‘Pure Protection’ plan option.</p>

<p>&nbsp;</p>

<p>He wants a Sum Assured of Rs. 1,00,000 for which he pays a premium of Rs. 208 p.a. (exclusive of taxes)</p>

<p>&nbsp;</p>

<p>In the case of Mukesh's death during the policy term, his family would receive the death benefit of Rs. 1 Lac immediately.</p>

<p>&nbsp;</p>

<p>In case Mukesh survives till the maturity of the policy, no benefit would be paid.</p>

<p>&nbsp;</p>

<p><i>The above example is for illustration purposes only.</i></p>


Case Study

<p>&nbsp;</p>

<table>
	<thead>
		<tr>
			<th>Parameter</th>
			<th colspan="2">Eligibility Criteria</th>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td>&nbsp;</td>
			<td colspan="2"><strong>Pure Protection Option</strong></td>
		</tr>
		<tr>
			<td>
			<p>Minimum age at entry</p>
			</td>
			<td colspan="2">
			<p>18 years</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>Policy Term</p>
			</td>
			<td>
			<p>5 years</p>
			</td>
			<td>
			<p>10 years</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>Premium Payment Option</p>
			</td>
			<td>
			<p>Single Pay/Regular Pay</p>
			</td>
			<td>
			<p>Single Pay/Regular Pay</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>Maximum age at entry (in years)</p>
			</td>
			<td>
			<p>60</p>
			</td>
			<td>
			<p>55</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>Maximum age at maturity (in years)</p>
			</td>
			<td colspan="2">
			<p>65</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>Minimum Sum Assured (Rs.)</p>
			</td>
			<td colspan="2">
			<p>Rs 10,000</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>Maximum Sum Assured (Rs.)</p>
			</td>
			<td colspan="2">
			<p>Rs 2,00,000</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>Premium Payment Modes</p>
			</td>
			<td colspan="2">
			<p>Single, Annual, semi- annual, quarterly* &amp; monthly*</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>Minimum Premium</p>
			</td>
			<td colspan="2">
			<p>Based on the minimum Sum Assured</p>
			</td>
		</tr>
	</tbody>
</table>

<p><i>The above example is for illustration purposes only.</i></p>

<p>#Premium amount is for Pure Protection Option and is exclusive of taxes.</p>


Who Can Buy? 

<p>&nbsp;</p>

<table>
	<thead>
		<tr>
			<th scope="col">Sum Assured (Rs.)</th>
			<th scope="col">Age at entry (years)Age at entry (years)</th>
			<th align="center" colspan="2" scope="col">Premium Amount (Rs.)#</th>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td width="25%">&nbsp;</td>
			<td width="20%">&nbsp;</td>
			<td width="25%"><strong>Single Premium</strong></td>
			<td width="25%"><strong>Regular Premium</strong></td>
		</tr>
		<tr>
			<td>&nbsp;</td>
			<td>&nbsp;</td>
			<td><strong>Policy Term – 5 years</strong></td>
			<td><strong>Policy Term – 5 years</strong></td>
		</tr>
		<tr>
			<td rowspan="3">
			<p>10,000</p>
			</td>
			<td>
			<p>30</p>
			</td>
			<td>
			<p>85</p>
			</td>
			<td>
			<p>20</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>40</p>
			</td>
			<td>
			<p>134</p>
			</td>
			<td>
			<p>32</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>45</p>
			</td>
			<td>
			<p>206</p>
			</td>
			<td>
			<p>49</p>
			</td>
		</tr>
	</tbody>
</table>

<p>&nbsp;</p>

<p><i>#Premium amount is for Pure Protection Option and is exclusive of taxes.</i></p>


Premium Rates

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Bharti AXA Life Flexi Term Pro

View all Jargon

<p>It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.</p>


Maturity Benefit

<p>A basic insurance plan which provides a lump sum amount to the family of the person who is insured in case of his/her unfortunate death.</p>


<p>The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).</p>


Premium

<p>Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).</p>
