Bharti AXA Grameen Jeevan Bima
- Pure protection
- Return of premium
- Tax benefit
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:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 65 years
Minimum term - 5 years Maximum term - 10 years
Basic Sum Assured: ₹10 Thousands to ₹2 Lakhs
The policy loan is not available under Bharti AXA Grameen Jeevan Bima Plan.
Single, Annual, Semi-Annual, Quarterly, and Monthly
Let's understand how the Bharti AXA Grameen Jeevan Bima works with a simple premium illustration.
Mukesh, 22 years old, wants to ensure that his family’s needs are taken care of in case of his death at affordable premiums.
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.
Here are the benefits associated with the Bharti AXA Grameen Jeevan Bima
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.
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.
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.
In this plan, you can only pay 3 months' premiums in advance on the policy's commencement date.
You can add the following riders to your Bharti AXA Grameen Jeevan Bima Plan:
Get an extra payout on top of the base cover in case of unfortunate death due to an accident.
It waives off your future premiums in case you're faced with an unfortunate event like critical illness, permanent disability, or death.
Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.
Here is the list of exclusions associated with the plan:
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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