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Bharti Axa Samriddhi is a combination of a life insurance plan and a savings plan. This plan protects your family financially in case of your absence along with helping you to save for your future goals.
HDFC Life Sanchay Plus is a non-participating, non-linked savings life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding. You can also opt for an additional rider option to enhance your plan's overall coverage. You can also get the revisionary and terminal bonus that helps increase your savings benefits. This article will provide complete details about this plan including its features, benefits, buying process, etc.
Bharti Axa Life Samriddhi Plan offers you a range of benefits including:
Minimum- 0 years, Maximum- 55 years
80 years
10, 15, 20, 25, 30 & 35 Years
5, 12, years, or the same as the policy term
Monthly, Quarterly, Half-yearly and Yearly
Depends on the minimum and maximum premium
Let’s understand how Bharti Axa Samriddhi works with a simple illustration table.
Mr. Singhania is looking for an investment plan to create long-term wealth for his child.
His financial advisor advised him to buy the Bharti Axa Samriddhi Plan. He visited PolicyX.com to save a lump sum amount of money to meet future financial goals.
Let's understand how the Bharti Axa Samriddhi Plan works for him with a premium illustration table.
Age of policyholder | Annual Premiums | Total Premium Paid | Policy tenure | Sum Assured | Maturity Benefits |
35 years | Rs 25,000 | Rs 6,25,000 | 25 years | Rs 6,98,129 | Rs 13,79,677 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 13,79,677 are paid to the policyholder.
Here are some features of Bharti Axa Life Samriddhi:
This plan offers a 15-day free-look period to the policyholders to cancel their policy if they are not satisfied with the same. The premium paid by them would be returned to the policyholder after deducting a minimal charge.
To avoid any penalties, a grace period is offered to pay premium without paying heavy charges. There is a 15-day grace period in the case of monthly payments and 30 days in the case of quarterly, half-yearly, and yearly payments.
You can revive your discontinued policy within five years of the last unpaid premium. However, you have to submit various required documents to revive your policy.
You can avail of a loan against your Bharti Axa Samriddhi Plan at the applicable interest rate. The minimum loan amount is Rs 15,000 and the maximum loan amount is 70% of the surrender value of the policy as of date.
If you have not revived your policy in the grace period it will acquire the surrender value. This value is paid either at the death of the policyholder or at maturity.
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There are various benefits of Bharti Axa Samriddhi. Let’s understand these benefits in detail:
Here is the list of documents required to buy the Bharti AXA Life Samriddhi 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 Samriddhi 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 Samriddhi Plan .
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'Bharti Axa Life Samriddhi 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.
If you are looking for a plan that helps you save a lump sum amount to meet your future financial needs then Bharti Axa Life Samriddhi Plan is right for you. This plan offers you life cover along with a guaranteed lump sum at maturity. You are offered flexible premium payment terms to pay your premiums. Moreover, Bharti Axa may pay you bonuses but these bonuses are not guaranteed. 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 advisors will understand your requirements and help you choose the right plan for you.
Bharti Axa Samriddhi Plan is a saving plan by Bharti Axa that offers you dual benefits- life cover and maturity benefits.
The minimum entry age of Bharti Axa Samridhhi is 0 years.
You can buy the Bharti Axa Life Samriddhi Plan either by contacting one of their advisors or visiting their nearest branch.
The maximum maturity age of the Bharti Axa Life Samriddhi Plan is 80 years.
There are multiple rider options available with Bharti Axa Samriddhi including Bharti AXA Life Hospi Cash Rider, Bharti AXA Life Premium Waiver Rider, Bharti AXA Life Term Rider, and Bharti AXA Life Accidental Death Benefit Rider.
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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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