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Bharti Axa Elite Advantage offers its policyholders dual benefits, including death and maturity benefits. You can also choose rider benefits with this plan which helps you increase the overall coverage of your plan. This article provides you with complete details about the Elite Advantage Plan including its features, benefits, buying process, etc.
This plan offers multiple benefits to their policyholders including:
Minimum - 6 years
Maximum - 65 years
10 and 12 years
5,7 and, 12 years
Quarterly, Half-yearly, and Yearly.
Minimum- Depends on the minimum premium, Maximum- No limit
Let’s understand how the Elite Advantage Plan works with a simple illustration table.
Mr. Satinder chooses the Elite Advantage Plan to secure his financial future.
His financial advisor advised him to buy the Bharti Axa Elite Advantage Plan. He visited PolicyX.com
Let's understand how the Bharti Axa Elite Advantage Plan works for him with a premium illustration table.
Age of policyholder | Annual Premiums | Policy tenure | Premium payment term | Total premiums paid | Basic Sum Assured | Guaranteed payout | Maturity Benefits |
35 years | Rs 1 lakhs | 12 years | 12 years | Rs 12,00,000 | Rs 11,87,648 | Rs 1,12,827 | Rs 13,00,475 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 13,00,475 are paid to the policyholder.
Here are some features of Bharti Axa Life Elite Advantage:
You can pay your missed premiums during the grace period to avoid heavy penalties. A grace period of 15 days is applicable in case of monthly premium payments while a 30-day grace period is applicable in case of quarterly, half-yearly, and yearly payments.
You can avail of a loan against your policy. The minimum loan amount is Rs 15,000 and the maximum is 70% of the surrender value of the policy as of the date.
A free-look period of 30 days is offered to the policyholders to cancel their policy if they are not satisfied with the policy.
You can surrender your policy once it acquires the surrender value. If you have paid premiums for at least two continuous policy years it acquires a surrender value.
If you do not pay policy premiums even in the grace period your policy status will be changed to the reduced paid-up and the benefits are applicable as per the reduced paid-up status.
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There are several advantages of the Elite Advantage Plan. Let’s understand these benefits in detail:
Here is the list of documents required to buy the Bharti Axa Life Elite Advantage Plan:
Photo ID Proof (either of one) - Passport, Aadhar 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 Elite Advantage Plan by visiting one of the nearest branch offices of Bharti Axa.
Bharti Axa Elite Advantage Plan is an easy-to-understand plan that offers you dual benefits- death benefits and maturity benefits. You have the option to choose the premium payment tenure that best suits your needs. If you are still confused about whether this plan is perfect for you or not then you can contact us at PolicyX.com. Our experienced insurance advisors will understand your requirements and help you choose the right plan that suits your requirements.
Elite Advantage Plan by Bharti Axa offers dual benefits to the policyholders including death benefits and maturity benefits.
You can check the policy status of your Elite Advantage Plan by visiting the official website of the Bharti Axa.
You can buy the Elite Advantage Plan either by contacting one of their advisors or by visiting one of their nearest branch offices.
The maximum maturity age of the Bharti Axa Life Elite Advantage Plan is 77 years.
There are multiple rider options available with Elite Advantage Plan including Bharti AXA Life Hospi Cash Rider, Bharti AXA Life Premium Waiver Rider, Bharti AXA Life Term Rider, Bharti AXA Life Non-Linked Complete Shield Rider.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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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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