Bharti Axa Investment Plans
Bharti Axa Life Child Advantage Plan helps you secure your child’s fut ...Read More
Bharti Axa Life Child Advantage Plan helps you secure your child’s future. This plan comes with maturity benefits as well as life insurance coverage. You can choose additional rider benefits with your Bharti Axa Child Advantage to enhance your coverage benefits.
A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.
Bharti Axa Life Child Advantage Plan helps you secure your child's future. This plan comes with maturity benefits as well as life insurance coverage. You can choose additional rider benefits with your Bharti Axa Child Advantage to enhance your coverage benefits. This article provides you with complete information about the Bharti Axa Child Plan including its features, benefits, buying process, etc.
Bharti Axa Life Child Advantage Plan offers you a range of benefits including:
Option to choose your desired benefits,
Life insurance coverage,
Maturity benefits,
Guaranteed payout
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bharti Axa Life Child Advantage Plan works with a simple premium illustration.
Mr. Verma is looking for a child plan that helps him create a lump sum amount for his child.
His financial advisor advised him to buy the Bharti Axa Life Child Advantage Plan. He visited PolicyX.com
Let's understand how the Bharti Axa Life Child Advantage Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 35 years | Rs 1,00,000 | 20 years | 20 years | Rs 32,00,582 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 32,00,582 are paid to the policyholder.
There are various benefits to buying the Bharti Axa Life Child Advantage Plan. Let’s understand each of them in detail:
Key features that make Bharti Axa Child Advantage Plan stand out.
Free-look period
This plan offers you a free-look period of 15 days after the policy purchase to cancel the policy if you are not satisfied with the same by paying minimal charges.
Grace period
There are instances when you can miss your premium payments and your insurer may charge you a huge penalty. The grace period allows you to pay your missed premiums without any charges.
Loan against policy
You can avail of a loan against your Bharti Axa Child Advantage. The minimum amount of the loan is Rs 15,000 and the maximum is 70% of the surrender value.
Surrender value
In case you wish to surrender your policy before the due date you can do so and avail the surrender value with applicable bonuses.
Keep these documents handy when applying for Bharti Axa Child Advantage Plan.
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Bharti Axa Life Child Advantage Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the Bharti Axa Life Child Advantage Plan-
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
Here are the key features of the Bharti Axa Child Advantage Plan.
| What’s Good Here | What’s Missing |
| Life Insurance Coverage | Guaranteed Additions |
| Potential Bonuses | No High Sum Assured Rebate |
| Guaranteed Payout | Premium Offset |
| Non-guaranteed Bonuses | No Auto Cover Continuance |
Bharti Axa Life Child Advantage Plan helps you save money to secure your child's future. This plan comes with a range of benefits including premium waiver, maturity benefits, life coverage, bonuses, death benefits, etc. You can choose your desired maturity benefit option and premium payment tenure. If you are still confused about whether this plan is right for you or not then you can contact us at PolicyX.com. Our experienced insurance representative will understand your requirements and help you choose the plan that suits your requirements.
The 5 most-asked questions about Bharti Axa Child Advantage Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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