Bharti Axa Investment Plans
Bharti Axa Samriddhi is a combination of a life insurance plan and a s ...Read More
Bharti Axa Samriddhi is a combination of a life insurance plan and a savings plan. This plan protects your family financially in case of your absence along with helping you to save for your future goals.
A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.
Bharti Axa Samriddhi is a combination of a life insurance plan and a savings plan. This plan protects your family financially in case of your absence along with helping you to save for your future goals.
HDFC Life Sanchay Plus is a non-participating, non-linked savings life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding. You can also opt for an additional rider option to enhance your plan's overall coverage. You can also get the revisionary and terminal bonus that helps increase your savings benefits. This article will provide complete details about this plan including its features, benefits, buying process, etc.
Bharti Axa Life Samriddhi Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let’s understand how Bharti Axa Samriddhi works with a simple illustration table.
Mr. Singhania is looking for an investment plan to create long-term wealth for his child.
His financial advisor advised him to buy the Bharti Axa Samriddhi Plan. He visited PolicyX.com to save a lump sum amount of money to meet future financial goals.
Let's understand how the Bharti Axa Samriddhi Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premiums | Total Premium Paid | Policy tenure | Sum Assured | Maturity Benefits |
| 35 years | Rs 25,000 | Rs 6,25,000 | 25 years | Rs 6,98,129 | Rs 13,79,677 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 13,79,677 are paid to the policyholder.
There are various benefits of Bharti Axa Samriddhi. Let’s understand these benefits in detail:
Key features that make Bharti Axa Life Samriddhi stand out.
Free-look period
This plan offers a 15-day free-look period to the policyholders to cancel their policy if they are not satisfied with the same. The premium paid by them would be returned to the policyholder after deducting a minimal charge.
Grace period
To avoid any penalties, a grace period is offered to pay premium without paying heavy charges. There is a 15-day grace period in the case of monthly payments and 30 days in the case of quarterly, half-yearly, and yearly payments.
Policy revival
You can revive your discontinued policy within five years of the last unpaid premium. However, you have to submit various required documents to revive your policy.
Loan on policy
You can avail of a loan against your Bharti Axa Samriddhi Plan at the applicable interest rate. The minimum loan amount is Rs 15,000 and the maximum loan amount is 70% of the surrender value of the policy as of date.
Surrender value
If you have not revived your policy in the grace period it will acquire the surrender value. This value is paid either at the death of the policyholder or at maturity.
Keep these documents handy when applying for Bharti Axa Life Samriddhi.
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 Samriddhi.
Conclusion
If you are looking for a plan that helps you save a lump sum amount to meet your future financial needs then Bharti Axa Life Samriddhi Plan is right for you. This plan offers you life cover along with a guaranteed lump sum at maturity. You are offered flexible premium payment terms to pay your premiums. Moreover, Bharti Axa may pay you bonuses but these bonuses are not guaranteed. 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 advisors will understand your requirements and help you choose the right plan for you.
The 5 most-asked questions about Bharti Axa Life Samriddhi, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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