Bharti Axa Investment Plans
Bharti Axa Elite Advantage offers its policyholders dual benefits, inc ...Read More
Bharti Axa Elite Advantage offers its policyholders dual benefits, including death and maturity benefits. You can also choose rider benefits with this plan which helps you increase the overall coverage of your plan.
A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.
Bharti Axa Elite Advantage offers its policyholders dual benefits, including death and maturity benefits. You can also choose rider benefits with this plan which helps you increase the overall coverage of your plan. This article provides you with complete details about the Elite Advantage Plan including its features, benefits, buying process, etc.
This plan offers multiple benefits to their policyholders including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let’s understand how the Elite Advantage Plan works with a simple illustration table.
Mr. Satinder chooses the Elite Advantage Plan to secure his financial future.
His financial advisor advised him to buy the Bharti Axa Elite Advantage Plan. He visited PolicyX.com
Let's understand how the Bharti Axa Elite Advantage Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premiums | Policy tenure | Premium payment term | Total premiums paid | Basic Sum Assured | Guaranteed payout | Maturity Benefits |
| 35 years | Rs 1 lakhs | 12 years | 12 years | Rs 12,00,000 | Rs 11,87,648 | Rs 1,12,827 | Rs 13,00,475 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 13,00,475 are paid to the policyholder.
There are several advantages of the Elite Advantage Plan. Let’s understand these benefits in detail:
Key features that make Bharti Axa Life Elite Advantage stand out.
Grace period
You can pay your missed premiums during the grace period to avoid heavy penalties. A grace period of 15 days is applicable in case of monthly premium payments while a 30-day grace period is applicable in case of quarterly, half-yearly, and yearly payments.
Policy loan
You can avail of a loan against your policy. The minimum loan amount is Rs 15,000 and the maximum is 70% of the surrender value of the policy as of the date.
Free-look option
A free-look period of 30 days is offered to the policyholders to cancel their policy if they are not satisfied with the policy.
Surrender value
You can surrender your policy once it acquires the surrender value. If you have paid premiums for at least two continuous policy years it acquires a surrender value.
Reduced paid-up
If you do not pay policy premiums even in the grace period your policy status will be changed to the reduced paid-up and the benefits are applicable as per the reduced paid-up status.
Keep these documents handy when applying for Bharti Axa Life Elite Advantage.
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhar 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 Elite Advantage Plan by visiting one of the nearest branch offices of Bharti Axa.
Here are the key features of the Bharti Axa Life Elite Advantage.
Conclusion
Bharti Axa Elite Advantage Plan is an easy-to-understand plan that offers you dual benefits- death benefits and maturity benefits. You have the option to choose the premium payment tenure that best suits your needs. If you are still confused about whether this plan is perfect for you or not then you can contact us at PolicyX.com . Our experienced insurance advisors will understand your requirements and help you choose the right plan that suits your requirements.
The 5 most-asked questions about Bharti Axa Life Elite Advantage, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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