Bharti Axa Investment Plans
Bharti Axa Life Shining Stars helps you fulfil your child’s dreams wit ...Read More
Bharti Axa Life Shining Stars helps you fulfil your child’s dreams without any compromise. This plan helps you save a lump sum amount to secure your child’s future and also offers life insurance coverage.
A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.
Get Income for Tomorrow with Bharti AXA Monthly Advantage Plan – secure savings, guaranteed returns, and financial security.
Bharti AXA Life Monthly Advantage is a non-participating life insurance savings plan. It offers a choice of three premium payment term options and guarantees monthly payouts from the end of the PPT until your policy matures. In the event of an unfortunate event that might lead to total disability or death, your family starts receiving the monthly income, which continues for the period chosen by you.
With Bharti AXA Monthly Advantage, you can build your wealth with yearly non-guaranteed cash bonuses starting from the end of 1st policy year and get paid out on Maturity, Death, or Accidental Total Permanent Disability. The plan also offers enhanced protection during the policy term along with in-built accidental cover.
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
| What’s Good Here | What’s Missing |
| Guaranteed Monthly Income | Guaranteed Additions |
| In-built Accidental Total Permanent Disability | No High sum assured rebate |
| Earn Annual Cash Bonuses | No Auto Cover Continuance |
| Flexible-Premium Payment or Policy Term | Premium Offset |
| 3 Add-on Riders | Plan Options |
There are various benefits to buying the Bharti AXA Monthly Advantage Plan. Let’s understand each of them in detail:
If a policyholder passes away during the policy term, the death benefit amount payable to their nominee will be higher than:
Kindly note that the survival benefit already paid will not be deducted from the death benefit.
If the insured person passes away, the death benefit amount will be paid out in equal monthly instalments, starting from the next monthly anniversary following the date of death. These payments will continue for the number of months specified in the table.
| Policy Term | Monthly Installments |
| 12 years | 72 |
| 16 years | 96 |
| 24 years | 144 |
If the policyholder suffers total permanent disability due to an accident, the benefit amount will be payable to the nominee. Even the benefit amount will be payable immediately or within 90 days from the accident date. The benefit payable will be the same as the death benefit under the policy. The nominee also has the option to take the above-mentioned monthly installments as a lump sum.
You can revive all the benefits under your policy within five years after the default premium's due date.
Check out the revival terms & conditions-
If you cannot afford to pay the premium and want to exit the policy earlier, only the surrender value will be payable to you. Under this plan, policy surrender is allowed after a premium payment of two full years’ premium.
On policy surrender, you will get higher of the following:
To meet your specific financial needs, you can take a loan against your policy's value once it has accrued a surrender value. However, you can only take out a loan minimum of Rs. 15,000; the maximum amount you can avail of will be up to 70% of the surrender value.
Key features that make Bharti AXA Life Monthly Advantage stand out.
Guaranteed Income
The plan offers guaranteed income from the end of the PPT until your policy matures.
In-Built Features
The plan comes with in-built death or accidental total permanent disability coverage.
Cash Bonus
Grow your savings with cash bonuses from 1st year onwards till the maturity or death of the life insured, whichever is earlier.
Flexible Premium
Flexible premium payment terms allow you to pay premiums at your convenience.
Optional Riders
The plan offers a wide range of optional riders that protect you against death, disability, or disease.
Keep these documents handy when applying for Bharti AXA Life Monthly 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).
Here are the key features of the Bharti AXA Life Monthly Advantage.
Conclusion
Now that you're familiar with the features and benefits of the Bharti AXA Life Monthly Advantage plan, you can decide if it's right for you. If you need more info, feel free to contact our insurance experts at PolicyX for advice anytime. With our expert guidance you surely find a plan that best fits your requirements.
The 5 most-asked questions about Bharti AXA Life Monthly Advantage, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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