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Bharti Axa Life Child Advantage Plan helps you secure your child's future. This plan comes with maturity benefits as well as life insurance coverage. You can choose additional rider benefits with your Bharti Axa Child Advantage to enhance your coverage benefits. This article provides you with complete information about the Bharti Axa Child Plan including its features, benefits, buying process, etc.
Bharti Axa Life Child Advantage Plan offers you a range of benefits including:
Option to choose your desired benefits,
Life insurance coverage,
Maturity benefits,
Guaranteed payout
18 years
Maximum Maturity Age - 76 years
Minimum term - 11 years Maximum term - 21 years
Same as the policy term
Annual, half-yearly, quarterly & monthly
Rs 25,000 to No limit
Let's understand how the Bharti Axa Life Child Advantage Plan works with a simple premium illustration.
Mr. Verma is looking for a child plan that helps him create a lump sum amount for his child.
His financial advisor advised him to buy the Bharti Axa Life Child Advantage Plan. He visited PolicyX.com
Let's understand how the Bharti Axa Life Child Advantage Plan works for him with a premium illustration table.
Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
35 years | Rs 1,00,000 | 20 years | 20 years | Rs 32,00,582 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 32,00,582 are paid to the policyholder.
Here are some features of Bharti Axa Child Advantage Plan:
This plan offers you a free-look period of 15 days after the policy purchase to cancel the policy if you are not satisfied with the same by paying minimal charges.
There are instances when you can miss your premium payments and your insurer may charge you a huge penalty. The grace period allows you to pay your missed premiums without any charges.
You can avail of a loan against your Bharti Axa Child Advantage. The minimum amount of the loan is Rs 15,000 and the maximum is 70% of the surrender value.
In case you wish to surrender your policy before the due date you can do so and avail the surrender value with applicable bonuses.
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There are various benefits to buying the Bharti Axa Life Child Advantage Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Bharti Axa Life Child Advantage Plan:
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Bharti Axa Child Advantage Plan official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Hover on the ‘Life Insurance’ tab.
Choose the Investment plan you want to buy.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Bharti Axa Life Insurance.
Hover over 'Life Insurance Plans' from the top of the menu.
Click on the Bharti Axa Life Child Advantage Plan.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the Bharti Axa Life Child Advantage Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the Bharti Axa Life Child Advantage Plan-
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
What’s Good Here | What’s Missing |
Life Insurance Coverage | Guaranteed Additions |
Potential Bonuses | No High Sum Assured Rebate |
Guaranteed Payout | Premium Offset |
Non-guaranteed Bonuses | No Auto Cover Continuance |
Bharti Axa Life Child Advantage Plan helps you save money to secure your child's future. This plan comes with a range of benefits including premium waiver, maturity benefits, life coverage, bonuses, death benefits, etc. You can choose your desired maturity benefit option and premium payment tenure. If you are still confused about whether this plan is right for you or not then you can contact us at PolicyX.com. Our experienced insurance representative will understand your requirements and help you choose the plan that suits your requirements.
Child Advantage Plan by Bharti Axa helps you save money to secure your child’s financial future.
The minimum age to buy the Bharti Axa Life Child Advantage Plan is 18 years.
You can avail of two rider options with your Child Advantage Plan including- Bharti AXA Life Hospi Cash Rider and Bharti AXA Life Accidental Death Benefit Rider.
You can buy a Child Advantage Plan either through their advisors or by visiting their nearest branch office.
The maximum maturity age of the Bharti Axa Life Child Advantage Plan is 76 years.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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February 5, 2023
Asia/Kolkata
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