Bharti AXA Life POS Saral Bachat Yojana
- Return of premium
- Affordable premiums
- Tax benefits
Are you looking to save for the future and protect your loved ones? Then Bharti AXA POS Saral Bachat Yojana might be perfect for you! A term insurance plan that gives saving options with life insurance and affordable premiums to fit your budget. Bharti AXA POS Saral Bachat Yojana is a pure protection, non-participating term insurance plan with a return of premium option so that you can take back all the paid premiums at the time of maturity.
Bharti AXA POS Saral Bachat Yojana offers you a range of benefits including:
Minimum Age - 8 years Maximum Age - 55 years
Maximum Maturity Age - 65 years
Minimum term - 5 years Maximum term - 50 years
Basic Sum Assured: ₹40 Thousands to ₹10 Lakhs
The policy loan is not available under Bharti AXA Life POS Saral Bachat Yojana.
Annual, Semi-Annual, Quarterly, and Monthly
Let's understand how the Bharti AXA POS Saral Bachat Yojana works with a simple premium illustration.
Ajay, 35 years old, is looking for a term plan with good returns that helps him get guaranteed protection and a lump sum payout at maturity.
His financial advisor advised him to buy the Bharti AXA POS Saral Bachat Yojana Work. He visited PolicyX.com.
Let's understand how the Bharti AXA POS Saral Bachat Yojana works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 35 years | ₹978/month | ₹11,736/year | 35 years | ₹2,93,400 | ₹10 Lakhs |
Key Takeaways: In case of Ajay's unfortunate death during the policy term, his family will receive a lump sum death benefit payout. If he outlives the policy term, he'll get back all the premiums paid towards the plan as a maturity benefit.
Here are the benefits associated with the Bharti AXA Life POS Saral Bachat Yojana
Upon the unfortunate demise of the life insured during the policy term, Bharti AXA POS Saral Bachat Yojana pays the death benefit to the nominee.
Bharti AXA POS Saral Bachat Yojana offers a tax benefits of up to 1.5 lacs under section 80C of the Income Tax Act 1961, for all the premiums paid in the same financial year.
Upon the complete survival of the policy term by the life assured, Bharti Axa POS Saral Bachat Yojana will return all the premiums on maturity excluding taxes.
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 POS Saral Bachat Yojana:
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 POS Saral Bachat Yojana is a simple-term insurance product. Apart from a death benefit, it offers a maturity benefit wherein you'll get back all the premiums on maturity, excluding taxes.
If you have doubts or queries regarding the Bharti AXA POS Saral Bachat Yojana plan, you can contact us through the website policyx.com or at 1800-4200-269.
Bharti AXA Life Suraksha is a protection plan that allows you to get whole-life coverage till 99 years. It offers 2 plan options: without the return o...
Unique Features
Are you looking for an extremely inexpensive term insurance plan with short coverage? Then Bharti AXA Grameen Jeevan Bima might be the right choice fo...
Unique Features
Bharti AXA Life POS Saral Jeevan Bima Yojana is a non-linked, non-participating, individual, pure-risk premium life insurance plan that offers lump su...
Unique Features
Uncertainties are inescapable, but you can make sure your family's goals remain undisturbed, irrespective of the circumstances, with a Bharti AXA Life...
Unique Features
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...
Unique Features
Are you looking to save for the future and protect your loved ones? Then Bharti AXA POS Saral Bachat Yojana might be perfect for you! A term insurance...
Unique Features
Bharti AXA Life Flexi Term Pro is a comprehensive and best term insurance plan that can be customized as per your needs. It offers two plan options an...
Unique Features
4.6
Rated by 858 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
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.
Do you have any thoughts you’d like to share?