Bharti AXA Group Suraksha Policy
- Affordable premiums
- No Medical examination
- Flexible-Premium Paying Modes
Are you looking for a term plan that covers a group of people, is simple, and has simple and low-cost premiums? If yes, then today we have a term plan named Bharti Axa Group Suraksha for you. It provides life insurance to its members on their unfortunate death and does not require medical underwriting during purchase. It is a one-year renewable group term insurance product, and you can cover a minimum of 15 people under the same plan.
Bharti AXA Life Group Suraksha Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 54 years
Maximum Maturity Age - 54 years
Minimum term - 1 year Maximum term - Annual Renewal
Basic Sum Assured: ₹5 Thousands to ₹25 Thousands
The policy loan is not available under Bharti AXA Group Suraksha Plan.
Annual, Semi-Annual, Quarterly, and Monthly
Let's understand how the Bharti AXA Life Group Suraksha Plan works with a simple premium illustration.
Abhinav is a 30-year-old who lives in a joint family and is looking for a term plan that covers 12 members of his family under a single plan.
His financial advisor advised him to buy the Bharti AXA Life Group Suraksha Plan Work. He visited PolicyX.com.
Let's understand how the Bharti AXA Life Group Suraksha Plan works for him with an example.
Key Takeaways: Under Bharti AXA Life Group Suraksha, you can add 15 people to the same plan and get insurance coverage. It is a low-cost, one-year renewable group term product for co-operatives, institutions, joint families and NGOs. In case one of the family members unfortunately dies, his family will receive a lump sum death benefit.
Here are the benefits associated with the Bharti AXA Group Suraksha Policy
Upon the unfortunate demise of the life insured during the policy term, the death benefit will be payable as a sum assured to the nominee.
All the premiums paid under the Bharti axa Group Suraksha term plan can be used as tax redemption for up to 1.5 lacs under section 80C of the Income Tax Act 1961.
Bharti AXA Life Group Suraksha Plan is a one-year renewable group term insurance product, and you can cover a minimum of 15 people under the same plan.
You can add the following riders to your Bharti AXA Life Group Suraksha 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 Life Group Suruksha is a pure-term insurance plan designed to provide one year of life coverage for groups such as institutions, co-operatives, joint families, and NGOs operating in rural and social sectors.
If you have doubts or queries regarding the Bharti Axa Life Group Suruksha plan, you can contact us through the website policyx.com or at 1800-4200-269.
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