Bharti AXA Life Suraksha
- Cover your spouse
- Special exit option
- Increased sum insured
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 of premium and with the return of premium. The plan provides several additional in-built benefits such as life stage benefit, joint life cover, special exit value, premium top-up option, etc. The plan offers flexible premium payment terms that allow you to pay premiums at your convenience. Also, decide on your death benefit payout: lump sum, monthly installments, or lump sum + monthly installments. In this plan, you get additional protection against critical illness and hospitalization.
Bharti AXA Life Suraksha Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 99 years
Minimum term - 5 years Maximum term - 50 years
Basic Sum Assured: ₹5 Lakhs to no limit.
The policy loan is not available under Bharti AXA Life Suraksha Plan.
Annual, Semi-Annual, Quarterly, and Monthly
Let's understand how the Bharti AXA Life Suraksha Plan works with a simple premium illustration.
Mr Mohan is a 35-year-old non-smoker who wants to ensure that his family’s needs are taken care of in case of his death.
His financial advisor advised him to buy the Bharti AXA Life Suraksha Plan Work. He visited PolicyX.com.
Let's understand how the Bharti AXA Life Suraksha Plan works for him with a premium illustration table.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 35 years | ₹1.162/month | ₹13,944/year | 25 years | ₹3,48,600 | ₹1 Crore |
Key Takeaways: In case of death of Mr Mohan during the policy term, his family would receive death benefit of Rs. 1 Cr immediately on death.
Here are the benefits associated with the Bharti AXA Life Suraksha
Bharti AXA Life Suraksha allows policyholders to increase their sum assured amount up to 50% of the base sum assured twice during the policy term.
In this feature, you can exit your policy during the special exit year and get back all the premiums paid towards the plan as surrender value.
The premium paid under the Bharti AXA Life Suraksha plan is liable to receive tax benefits under section 80C of the Income Tax Act and the benefits availed is under tax exemption.
Bharti AXA Suraksha term plan offers a maturity benefit upon the survival of the whole policy term. As a maturity benefit, you can get back all the paid premium paid during the policy term.
At the inception of the policy, the policyholder can choose the Death Benefit Payout from one of the three options namely, lump sum, monthly income, or lump sum plus monthly income.
You can add the following riders to your Bharti AXA Life Suraksha Plan:
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.
Receive additional sum assured chosen under the rider in case of happening of a covered event.
Here is the list of exclusions associated with the plan:
Bharti AXA Life Suraksha is a comprehensive term insurance plan that offers various additional benefits and features at reasonable premiums. It provides value-added services, such as joint life cover, special exit value, premium top-up option, etc, which sets it apart from its competitors.
If you have doubts or queries regarding the Bharti AXA Life Suraksha plan, you can contact us through the website policyx.com or at 1800-4200-269.
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