Bharti Axa Jeevan Suraksha Plan
Bharti AXA Life Insurance
Our Verdict
Bharti AXA Suraksha offers a good base plan with affordable premiums and riders like hospitalization cash, enhancing its appeal. It's a suitable choice for individuals seeking comprehensive yet budget-friendly term coverage with added financial buffers.
About the Plan
Bharti AXA Suraksha is a comprehensive term insurance plan designed to provide financial security to your family in case of an unfortunate event. It offers flexible policy terms, premium payment options, and high sum assured at affordable premiums. The plan ensures a lump sum payout to the nominee in case of the policyholder’s demise, helping them manage financial responsibilities. With additional rider options for enhanced coverage, Bharti AXA Suraksha is ideal for individuals seeking long-term financial protection for their loved ones.
About the Plan
Eligibility
• Entry Age :
18 to 65 years
• Maximum Maturity Age :
75 years
• Policy Term :
20 to 55 years
• Minimum Sum Assured :
₹25,00,000
• Premium Payment Term :
Regular Pay or Limited Pay (10 or 15 years)
• Premium Payment Frequency :
Yearly, Half-Yearly, or Monthly
• Citizenship :
Indian residents and NRIs (subject to underwriting)
Eligibility
Features of the Product
Terminal Illness
The Bharti AXA Suraksha plan may offer a Terminal Illness Benefit, where if the policyholder is diagnosed with a terminal illness and has a life expectancy of 12 months or less, an advance payout of the sum assured may be provided.
Total Permanent Disability Payout
The Bharti AXA Suraksha plan provides a Total Permanent Disability Payout if the Accidental Total and Permanent Disability Rider is opted for. In case the policyholder becomes permanently disabled due to an accident, a lump sum amount is paid to help cover medical expenses and lost income.
Premium Payment Customizations
The Bharti AXA Suraksha plan offers premium payment customizations, allowing policyholders to choose between Regular Pay (pay premiums throughout the policy term) or Limited Pay (pay premiums for a fixed period of 10 or 15 years). Additionally, premiums can be paid in yearly, half-yearly, or monthly installments
Exclusions
Death due to suicide within 12 months from the commencement or revival date.
Death caused by self-inflicted injuries or attempts.
Death occurring due to participation in criminal activities or illegal acts.
Death caused by participation in war, terrorism, or civil unrest.
Death due to hazardous activities like aviation accidents or mountaineering.
Death due to alcohol or drug abuse, or under the influence of intoxicants.
Death resulting from pre-existing medical conditions not disclosed at the time of policy issuance.
Death caused by a congenital disorder or birth defects.
Death due to engaging in naval, military, or air force operations.
Death due to medical procedures or surgeries not covered under the plan.
Exclusions
Accidental Death Benefit - Provides an additional lump sum payout if the policyholder dies due to an accident, ensuring extra financial support for the family.
Critical Illness Cover - Pays a lump sum amount upon diagnosis of specified critical illnesses like cancer, heart attack, or stroke, helping manage medical expenses and loss of income.
Total Permanent Disability Benefit - Offers financial assistance if the policyholder becomes permanently disabled due to an accident, ensuring income protection and stability.
Waiver of Premium Benefit - Waives all future premiums if the policyholder suffers from a critical illness or total permanent disability, keeping the policy active without additional costs.
Hospitalization Cash Benefit - Provides daily cash support for hospital stays due to illness or accident, helping cover medical and other related expenses.
Add-ons
If you are a woman
The Bharti AXA Suraksha plan offers female benefits, including preferential premium rates for women, making life insurance more affordable. Additionally, it may provide enhanced critical illness coverage for women-specific conditions such as breast cancer and cervical cancer, ensuring better financial protection for female policyholders.
If you smoke
The Bharti AXA Suraksha plan does not offer specific benefits for smokers. In most cases, smokers may have to pay higher premiums compared to non-smokers due to increased health risks
Note :
Grace period : The Bharti AXA Suraksha plan provides a grace period of 30 days for yearly and half-yearly premium payments and 15 days for monthly premium payments. During this period, the policyholder can pay the missed premium without policy lapse, ensuring continuous coverage.
Free look period : The Bharti AXA Suraksha plan offers a free look-up period of 15 days (30 days for policies purchased online or through distance mode). During this period, the policyholder can review the policy terms and cancel it if unsatisfied, receiving a refund of the premium paid after deducting applicable charges.
Suicide Clause: The Bharti AXA Suraksha plan includes a suicide clause, stating that if the policyholder dies by suicide within 12 months from the date of policy commencement or revival, the nominee will receive 80% of the total premiums paid till the date of death, provided the policy is in force. No other benefits will be payable.
Still Confused ?
Why OneAssure?
We guide your loved ones every step of the way to ensure they receive the full benefit of their coverage.
About the Company
Bharti was founded in 1976, by Sunil Bharti Mittal. The company has started its journey in the business of manufacturing bicycle parts. It has evolved into one of the most prominent conglomerates in business groups in India. The group has created world class businesses such as telecommunications, insurance, food.
Bharti AXA life insurance is a joint venture between Bharti enterprises and AXA was established in 2006, the joint venture focuses on offering a variety of policies including traditional, term, unit linked and saving plans.
Bharti AXA General insurance: It is another entity under the joint venture focusing on general insurance products such as health, travel and home insurance.