Bharti AXA Life
Suraksha
(UIN: 130N110V02)(ADVT No. II-Sep-2024-5519)
A Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan
Why Choose Bharti AXA Life Suraksha
It’s a term plan that you can customise according to your needs and life stage. Choose from a range of features that meet your requirements and make your term insurance work best for you.
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The Plan Offers Two Options
Without Return of Premium and With Return of Premium
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Coverage for Joint/Single Life
Under the Without Return of Premium variant, you have the option between Single Life cover or Joint Life Cover i.e., cover for your spouse under the same policy.
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Flexibility in Policy and Premium Payment Terms
This product offers you the option to choose from multiple Policy terms and Premium Payments terms, offering the opportunity to customize the plan to suit your needs.
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Whole Life Cover
Option to cover yourself for your entire lifetime, by opting for cover up to 99 years.
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Increased Sum Assured
You have an option to increase your life coverage as per your increasing life stage requirements.
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Special Exit Value
Option to surrender the policy during the Special Exit Year and receive the return of total premiums paid back.
Key Benefits
Multiple Choices
Maturity Benefit -Only for Return of Premium Option
Death Benefit
Tax Benefits**
How Does the Plan Work?
These illustrative life scenarios can help you understand how this life insurance plan works.
Make your plan with ease
Pick a plan option
Select a plan option according to your needs.
Without Return of Premium
Option to choose single life cover or joint life cover
Under Without Return of Premium variant you have the option to opt for single life cover or Joint Life Cover (cover for spouse under the same policy).
With Return of Premium
Lumpsum payout at maturity
Without Return of Premium
Option to choose single life cover or joint life cover
Under Without Return of Premium variant you have the option to opt for single life cover or Joint Life Cover (cover for spouse under the same policy).
With Return of Premium
Lumpsum payout at maturity
By choosing this option, on survival you can get a lumpsum payout at the end of your policy term (maturity). The payout will be equivalent to the product of your annual premium amount and policy term duration.
Now, add a rider
You can strengthen your Bharti AXA Life Suraksha by adding a rider. However, please note that riders are not mandatory and are available at an additional cost.
Bharti AXA Life Hospi Cash Rider (UIN: 130B007V05):
This rider allows payment of a fixed benefi¬t for each day of hospitalization subject to maximum of 40 days per year and also provides lump sum benefi¬t in case of surgery
Bharti AXA Life Premium Waiver Rider (UIN: 130B005V05):
Under this rider, in case the Life Insured is diagnosed from any of the 11 critical illnesses covered under the rider, the future premiums are waived off and the benefits under the policy will continue.
Bharti AXA Life Non-Linked Complete Shield Rider (UIN: 130B011V02):
Receive additional sum assured chosen under the rider in case of happening of a covered event.
Insurance Jargon Explained
Term Insurance
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.
Term Insurance Rider
An endorsement or attachment to a life insurance policy that provides additional term coverage for only a specified, limited period. If the insured dies during this time, the designated beneficiary can receive death benefit proceeds.
Premium
Premium is defined as the amount paid by the policyholder to secure the benefits under the policy. It is the amount that the insured person pays to his/her insurer. And the frequency of paying the premium differs as well. It can be paid in five different ways. It can either be paid monthly, quarterly, semiannually, annually or you can pay it all at once, in a single payment.
Death Benefit
The payment made to a beneficiary upon the death of the insured person.
-- Whenever an unfortunate event happens, there is both emotional as well as financial loss. An insurance company helps you replace the financial/monetary loss through the Death Benefit, which helps maintain your family’s financial stability. This benefit includes both a guaranteed sum of money called as Sum Assured on Death and also the Accrued Bonuses, if applicable.
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We have more articles and updates. Be assured that you that you have made the right choice with Bharti AXA Life Suraksha, in order to have certainty for your life goals.
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**Applicable as per the prevailing Tax Laws.