Bharti Axa Investment Plans
Bharti AXA Life Flexi Save plan is a non-participating savings plan de ...Read More
Bharti AXA Life Flexi Save plan is a non-participating savings plan designed to help you save towards meeting your future goals. In this plan, you can grow your savings with yearly bonuses starting from the first policy year to maturity or death, whichever is earlier.
A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.
Save More with Bharti AXA Life Flexi Save Plan – Earn Annual Bonuses Along with Assured Life Cover.
Bharti AXA Life Flexi Save plan is a non-participating savings plan designed to help you save towards meeting your future goals. In this plan, you can grow your savings with yearly bonuses starting from the first policy year to maturity or death, whichever is earlier. The plan offers you the flexibility to choose a premium payment term for 5, 7, or 12 years (PPT) and enjoy life cover for 20, 25, or 30 years.
Under the Flexi Save plan, you can stay protected while saving with assured life cover for the entire policy term. In case you survive till the end of the policy term, you shall receive 100% of your sum assured plus an accrued bonus. One of the best features of the Flexi Save plan is that you can modify your policy term, prepone your maturity benefit, and avail yourself of the full benefits.
Bharti Axa Life Flexi Save Plan offers you a range of benefits including:
Flexibility to modify policy term
Cash bonuses
Maturity benefits,
Partial withdrawals,
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 Flexi Save Plan works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the Bharti AXA Flexi Save Plan. He visited PolicyX.com
Let's understand how the Bharti AXA Flexi Save Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 30 years | Rs 30,000 | 5 years | 5 years | Rs 3,02,243 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 3,02,243 are paid to the policyholder.
There are various benefits to buying the Bharti AXA Life Flexi Save Plan. Let’s understand each of them in detail:
Key features that make Bharti AXA Life Flexi Save stand out.
Policy Revival
In this plan, you can revive your policy within five years if your policy has lapsed or is in paid-up status after the due date of the first unpaid premium.
Surrender Benefit
If you’re not able to pay premiums and want to exit the policy earlier, you can do so after a premium payment of two full years’ premium.
Policy Loan
With the Bharti AXA Life Flexi Save plan, you can also take out a loan after the policy obtains the surrender value. But the minimum amount of loan for a Policy is Rs.15, 000 and the maximum amount of loan will not exceed 70%.
Free-look option
Flexi Save Plan offers a 15-day free-look period to their policyholders to check terms and conditions. Moreover, they can also cancel their policy within the free-look period.
Keep these documents handy when applying for Bharti AXA Life Flexi Save.
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 Flexi Save 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 Flexi Save 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 Life Flexi Save.
| What’s Good Here | What’s Missing |
| Flexibility to Modify Policy Term | Guaranteed Additions |
| Guaranteed Maturity Benefit | No High Sum Assured Rebate |
| Earn Cash Bonuses | Premium Offset |
| Triple Premium Payment Terms | No Auto Cover Continuance |
Bharti AXA Life Flexi Save Plan is a traditional participating savings plan that helps you to grow your savings and build wealth to achieve future goals. If you need expert advice to choose the best savings plan, contact our insurance experts at PolicyX anytime for free advice.
The 5 most-asked questions about Bharti AXA Life Flexi Save, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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