Compare Bharti AXA Term Insurance Plans

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Bharti AXA Life Insurance Company

Bharti AXA Life Insurance Company is a joint venture between the France-based AXA group, with 49% stake and an Indian business powerhouse, Bharti Enterprises, with 51% stake. While Bharti Enterprises bring on board local sensibilities and scale, AXA brings with it its massive experience and supreme knowledge of the domain considering it is world’s number 1 insurance player operating in 57 countries. Launched in 2006, the company has a pan-India presence with a strong sales and distribution network striving to provide life insurance solutions and handling wealth management needs of the entire population with a range of products and services suited for individual needs and aspirations.

Bharti AXA Term Insurance Plans

Bharti AXA term plans are designed in a manner to not only provide you a wholesome life coverage, but also to ensure that they are economical and easy to buy. Every plan comes with a different set of features and benefits customised to cater to different needs. The only thing common in all these plans is focus on your life so that your loved ones are given an absolute financial support in your absence.

What are Term Plans?
Term insurance plans are the simplest of the life insurance products offered to cover your life for any unforeseen risks. These plans provide highest possible financial coverage at lowest possible costs. A customer can buy a bharti axa term insurance plan for a particular period of time and in case he dies before the policy term ends, his family will be paid the sum assured as a lump sum amount to take care of their financial needs. However, if the insured outlives the policy term, there are no maturity benefits. These are the most affordable insurance products to provide maximum monetary support to your loved ones in your absence.

List of Different Term Insurance Plans Offered By Bharti AXA Life Insurance Company, With Features, Benefits And Eligibility

Bharti AXA Life eProtect

Features:

  • It is an online term insurance plan
  • Low premiums to make it affordable for everyone
  • Death benefits include payment of sum assured to the nominee if death happens within policy term
  • Income Tax benefits are applicable on premiums paid

Benefits:

  • With several options, available in terms of choosing the sum assured and policy term, you can select a sum assured of Rs. 1 crore for as little as Rs. 6100/- as the premium.
  • Family Care Benefit:  This has two components-
    1. Life Insurance Benefit: Under this benefit, in case the policyholder dies before the end of the policy term, a sum equivalent to the sum assured will be paid to the nominee
    2. Family Care as part of Life Insurance Benefit:  This benefit ensures payment of Rs. 1 lakh out of the total sum assured within 48 hours of the death to the family members of the insured after submission of relevant claim documents. This is done to help them meet emergency expenses till the rest of the claim gets settled. The only condition is that the policy should be active at the time of death and premiums should have been paid for 2 consecutive policy years from the time of initiation or renewal of the policy.
  • Non-smokers get discount on premiums as a reward for maintaining healthy lifestyle if they buy a policy with sum assured of Rs. 50 lakhs and above
  •  Income tax benefits are applicable on the premium paid under section 80C and claims received under section 10 (10) D of the income tax act

Eligibility:

Entry Age Minimum – 18 years | Maximum - 6+65 years
Maturity Age Maximum – 70 years
Policy Term Minimum - 10 years | Maximum - 75- entry age
Sum Assured Minimum - Rs. 25 lakhs | Maximum - No Limit
Premium Payment Term Equivalent to policy term
Premium Payment Frequency Yearly or half-yearly

Riders:

The insured can avail of these riders by paying a little bit of extra premium:

  • Bharti AXA Accidental Death Benefit Rider: it is a non-linked and regular pay rider that ensures payment of 100% of sum assured in case the insured dies due to an accident provided the rider policy is active
  • Bharti AXA Life Hospi Cash Rider: This rider provides payment of a fixed amount for each day the insured spends in a hospital. It also offers a fixed amount if the insured is admitted in Intensive Care Unit or a lumpsum amount for a surgery

Bharti AXA Life eProtect+

Features:

  • Basic term plan with affordable premiums
  • Two different death benefits available to suit individual needs
  • Income tax benefits applicable on premium paid and claims received

Benefits:

  • Flexibility in death benefit under following two options:
    1. Monthly income is paid for 15 years from the month of death and it does not increase during the deferment period
    2. 50% of lumpsum sum assured is paid at the time of death and the remaining 50% is paid over a period of 10 years in the form of increasing annual instalments
  • Buy this policy online with great ease
  • Avail income tax benefits under section 80C for premiums paid and section 10 (10) D for claims received

Eligibility:

Entry Age Minimum – 18 years | Maximum - 65 years
Maturity Age Maximum – 70 years
Policy Term Minimum - 10 years | Maximum - 75 – entry age
Sum Assured Minimum - Rs. 32 lakhs | Maximum - No Limit
Premium Payment Term Equal to policy term
Premium Payment Frequency Yearly or half-yearly

Riders:

The insured can avail of these riders by paying a little bit of extra premium:

  • Bharti AXA Accidental Death Benefit Rider: it is a non-linked and regular pay rider that ensures payment of 100% of sum assured in case the insured dies due to an accident provided the rider policy is active
  • Bharti AXA Life Hospi Cash Rider: This rider provides payment of a fixed amount for each day the insured spends in a hospital. It also offers a fixed amount if the insured is admitted in Intensive Care Unit or a lumpsum amount for a surgery

Bharti AXA Life Elite Secure

Features:

  • The term insurance plan offers coverage till you’re 75 years old
  • Affordable premiums
  • Additional Riders for wholesome coverage
  • Income Tax benefits

Benefits:

  • Unique benefit of covering your life till you turn 75 years old
  • Provide basic life insurance cover to support your family in your absence
  • Option to add riders at a little bit of extra cost to make it a comprehensive life insurance policy
  • Income Tax benefits available under section 80C for premiums paid and section 10 (10) D for claims received

Eligibility:

Entry Age Minimum – 18 years | Maximum: 75 years or 70 years for a 5-year term
Maturity Age Maximum – 75 years
Policy Term Minimum - 10 years | Maximum - 75 entry age
Sum Assured Minimum - Rs. 25 lakhs | Maximum - No Limit
Premium Payment Term Throughout policy benefit period
Premium Payment Frequency Yearly, half-yearly, quarterly or monthly

Riders:

The insured can avail of these riders by paying a little bit of extra premium:

  • Bharti AXA Accidental Death Benefit Rider: it is a non-linked and regular pay rider that ensures payment of 100% of sum assured in case the insured dies due to an accident provided the rider policy is active
  • Bharti AXA Life Hospi Cash Rider: This rider provides payment of a fixed amount for each day the insured spends in a hospital. It also offers a fixed amount if the insured is admitted in Intensive Care Unit or a lumpsum amount for a surgery

Bharti AXA Life Secure Confident

Features:

  • Pure term insurance plan
  • Affordable premiums
  • Cover financial risks including any debts or mortgages you might have
  • Income tax benefits available

Benefits:

  • Entire sum assured is paid at the time of death of the insured within the policy term provided the policy is in force
  • Options to choose a policy term from a range of 5-25 years
  • Income tax benefits can be availed under section 80C and section 10 (10) D of the Income Tax Act

Eligibility:

Entry Age Minimum – 18 years | Maximum: 55 years
Maturity Age Maximum – 60 years
Policy Term Minimum - 5 years | Maximum - 25
Sum Assured Minimum - Rs. 5 lakhs | Maximum - No Limit
Premium Payment Term Equal to policy term

Bharti AXA Life Income Protection Plan

Features:

  • Term insurance plan with return of premium option
  • Two maturity benefit options available
  • Two death benefit options available
  • Income Tax benefits applicable
  • Affordable premiums
  • Policy term available in three options of 12, 15 and 20 years

Benefits:

  • If the insured survives the policy term, the total premiums paid, excluding extra premiums paid and taxes, shall be returned cumulatively under the following two options:
    1. Option A: 100% of premiums paid will be returned
    2. Option B: 110% of total premium for a policy term of 12 years, 115% of total premium for a policy term of 15 years and 120% of total premium for a policy term of 20 years
  • Death Benefit applicable will be highest of 10 times of annualized premium or 105% of all premiums paid till death or sum assured of the policy or sum assured on maturity. Death benefit can be availed under following two options:
    1. The insured can choose a death benefit to be paid to his nominee in equal annual instalments over a period of either 15 years or 20 years
    2. The entire death benefit can be availed by the nominee as a lumpsum amount after the death of the policyholder
  • Income tax benefits are available under section 80C and section 10 (10) D of the income tax act

Eligibility:

Entry Age : Minimum – 18 years | Maximum: 58 years for policy term of 12 years, 55 years for policy term of 15 years, 50 years for policy term of 20 years
Maturity Age Maximum – 70 years
Policy Term 12 years, 15 years and 20 years
Sum Assured Minimum - Rs. 5 lakhs | Maximum - No Limit
Premium Payment Term Equal to policy term
Premium Payment Frequency Yearly, half-yearly, quarterly or monthly
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