Bharti AXA Grameen Jeevan Bima
  • Pure protection
  • Return of premium
  • Tax benefit
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Bharti AXA Grameen Jeevan Bima

Are you looking for an extremely inexpensive term insurance plan with short coverage? Then Bharti AXA Grameen Jeevan Bima might be the right choice for you. The plan is a micro-term insurance plan, which means that it offers a minimal life cover, which starts at Rs. 10,000 and goes up to 2 Lacs. Grameen Jeevan Bima Yojana is a highly affordable plan with monthly premiums as low as Rs 85 only. The plan comes with a return of premium option and comes in 2 variants: Pure Protection or Protection with Return of Premium.

Bharti AXA Grameen Jeevan Bima offers you a range of benefits including:

why-choose
  • Affordable Premium
  • Flexible Premium Payment Term
  • Advance Premium Option
  • Tax Benefits as per laws
  • Surrender Value
  • Return of Premium

Eligibility Criteria for Bharti AXA Grameen Jeevan Bima

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 65 years

Your Gender

Policy term

Minimum term - 5 years Maximum term - 10 years

Maternity Benefit Rider

Sum assured

Basic Sum Assured: ₹10 Thousands to ₹2 Lakhs

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under Bharti AXA Grameen Jeevan Bima Plan.

Maternity Benefit Rider

Payment modes

Single, Annual, Semi-Annual, Quarterly, and Monthly

How Does Bharti AXA Grameen Jeevan Bima Plan Work?

Let's understand how the Bharti AXA Grameen Jeevan Bima works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mukesh, 22 years old, wants to ensure that his family’s needs are taken care of in case of his death at affordable premiums.

Solution

His financial advisor advised him to buy the Bharti AXA Grameen Jeevan Bima Plan Work. He visited PolicyX.com.

Let's understand how the Bharti AXA Grameen Jeevan Bima Plan works for him with a premium illustration table.

Age of policyholder Monthly Premiums Annual Premiums Policy Tenure Total premiums paid Sum assured
22 years ₹162/month ₹1,944/year 25 years ₹73,872 ₹2 Lakhs

Key Takeaways: If Mukesh dies during the policy tenure, his family will receive ₹2 Lakhs as a death benefit from the insurer.

Benefits of Bharti AXA Grameen Jeevan Bima

Here are the benefits associated with the Bharti AXA Grameen Jeevan Bima

Maternity Benefit Rider

Death Benefit

In case of the death of the life insured during the policy term, the Bharti Axa Grameen Jeevan bima term plan immediately pays a death benefit to the nominee.

Maternity Benefit Rider

Survival Benefit

Upon the survival of the whole policy term, the Bharti Axa Grameen Jeevan Bima term plan will return all paid premiums as a maturity benefit to you. Kindly note that the survival benefit is only available in return for the premium option.

Maternity Benefit Rider

Tax Benefit

Bharti Axa Grameen Jeevan Bima term plan offers a tax benefit of up to 1.5 lacs under section 80C of the Income Tax Act for the premium paid for the same financial year.

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Riders Associated with Bharti AXA Grameen Jeevan Bima Plan

You can add the following riders to your Bharti AXA Grameen Jeevan Bima Plan:

Accidental Death Benefit Rider

Get an extra payout on top of the base cover in case of unfortunate death due to an accident.

Premium Waiver Rider

It waives off your future premiums in case you're faced with an unfortunate event like critical illness, permanent disability, or death.

Hospi Cash Benefit Rider

Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.

Features of Bharti AXA Grameen Jeevan Bima

Affordable Premiums

With Bharti AXA Grameen Jeevan Bima, you can get short-term protection for up to 65 years for as low as Rs 85 only.

Flexible-Premium Payment Term

The plan provides flexible premium payment terms that allow you to pay premium at your convenience.

Choice of Plan Options

The plan provides a choice of 2 plan options that allow you to select the level of protection: Pure Protection or Protection with the return of premium.

Exclusions of Bharti AXA Grameen Jeevan Bima

Here is the list of exclusions associated with the plan:

  • Death occurred due to a pandemic is not covered by the company.
  • Death caused due to any type of adventure sports.
  • Death by consumption of any type of drugs and alcohol.
  • Death due to any pre-existing disease that isn't mentioned during the start of the policy.
  • If a policyholder commits suicide within first 12 months of purchasing the policy, then no death benefits are paid to their nominee.

Conclusion

Bharti AXA Grameen Jeevan Bima is a micro-term insurance plan designed to protect your family's financial future in your absence. It offers various additional benefits such as affordable premiums, return of premium, and advanced premium options.

If you have doubts or queries regarding the Bharti AXA Grameen Jeevan Bima plan, you can contact us through the website policyx.com or at 1800-4200-269.

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Bharti AXA Grameen Jeevan Bima: FAQs

1. What is the minimum age limit for buying Bharti Axa Grameen Bima Yojana term insurance plan?

The minimum age limit of Bharti Axa Grameen Bima Yojana term insurance plan is 18 years.

2. Is Bharti axa grameen bima yojana available in all pin codes?

Yes, Bharti Axa grameen bima yojana is available on all pin codes, you can check by entering your area pin codes on the website.

3. What are the different plan options available in Bharti axa grameen bima yojana?

Bharti axa grameen bima yojana offers two plan options : Pure protection option. Return of premium option.

4. What is the max. maturity age of Bharti axa grameen bima yojana term plan?

The maximum maturity age of Bharti axa grameen bima yojana term plan is 65 years.

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varun saxena

Written By: Varun Saxena

I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.