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Get Income for Tomorrow with Bharti AXA Monthly Advantage Plan – secure savings, guaranteed returns, and financial security.
Bharti AXA Life Monthly Advantage is a non-participating life insurance savings plan. It offers a choice of three premium payment term options and guarantees monthly payouts from the end of the PPT until your policy matures. In the event of an unfortunate event that might lead to total disability or death, your family starts receiving the monthly income, which continues for the period chosen by you.
With Bharti AXA Monthly Advantage, you can build your wealth with yearly non-guaranteed cash bonuses starting from the end of 1st policy year and get paid out on Maturity, Death, or Accidental Total Permanent Disability. The plan also offers enhanced protection during the policy term along with in-built accidental cover.
Min- 91 days, Max- 65 years
77, 81, 84 years
12, 16, 24 years
6, 8, 12 years
Quaterly, Half yearly, Annualy
50000 for all policy terms
What’s Good Here | What’s Missing |
Guaranteed Monthly Income | Guaranteed Additions |
In-built Accidental Total Permanent Disability | No High sum assured rebate |
Earn Annual Cash Bonuses | No Auto Cover Continuance |
Flexible-Premium Payment or Policy Term | Premium Offset |
3 Add-on Riders | Plan Options |
Here are some features of Bharti AXA Life Monthly Advantage:
The plan offers guaranteed income from the end of the PPT until your policy matures.
The plan comes with in-built death or accidental total permanent disability coverage.
Grow your savings with cash bonuses from 1st year onwards till the maturity or death of the life insured, whichever is earlier.
Flexible premium payment terms allow you to pay premiums at your convenience.
The plan offers a wide range of optional riders that protect you against death, disability, or disease.
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There are various benefits to buying the Bharti AXA Monthly Advantage Plan. Let’s understand each of them in detail:
If a policyholder passes away during the policy term, the death benefit amount payable to their nominee will be higher than:
Kindly note that the survival benefit already paid will not be deducted from the death benefit.
If the insured person passes away, the death benefit amount will be paid out in equal monthly instalments, starting from the next monthly anniversary following the date of death. These payments will continue for the number of months specified in the table.
Policy Term | Monthly Installments |
12 years | 72 |
16 years | 96 |
24 years | 144 |
If the policyholder suffers total permanent disability due to an accident, the benefit amount will be payable to the nominee. Even the benefit amount will be payable immediately or within 90 days from the accident date. The benefit payable will be the same as the death benefit under the policy. The nominee also has the option to take the above-mentioned monthly installments as a lump sum.
You can revive all the benefits under your policy within five years after the default premium's due date.
Check out the revival terms & conditions-
If you cannot afford to pay the premium and want to exit the policy earlier, only the surrender value will be payable to you. Under this plan, policy surrender is allowed after a premium payment of two full years’ premium.
On policy surrender, you will get higher of the following:
To meet your specific financial needs, you can take a loan against your policy's value once it has accrued a surrender value. However, you can only take out a loan minimum of Rs. 15,000; the maximum amount you can avail of will be up to 70% of the surrender value.
Here is the list of documents required to buy the Bharti AXA Monthly 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 Life Monthly Advantage official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
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 the 'Investment Plans' from the top of the menu.
Click on the ' Bharti AXA Monthly Advantage'.
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.
Now that you're familiar with the features and benefits of the Bharti AXA Life Monthly Advantage plan, you can decide if it's right for you. If you need more info, feel free to contact our insurance experts at PolicyX for advice anytime. With our expert guidance you surely find a plan that best fits your requirements.
Bharti AXA Life Monthly Advantage plan is a non-participating life insurance savings plan that offers guaranteed monthly income from the end of the PPT until your policy matures.
Yearly non-guaranteed cash bonuses will start from the end of 1st policy year and get paid out on Maturity, Death, or Accidental Total Permanent Disability.
You’ll start receiving a Guaranteed Monthly Income after you finish paying the premiums until the policy matures, as long as the policy is active.
The plan offers flexible premium payment terms that allow you to choose how long you want to pay: 6, 8, or 12 years.
Under the Bharti AXA Monthly Advantage plan, you can choose to cover for a limited period between 12, 16, or 24 years.
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February 5, 2023
Asia/Kolkata
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