Bharti Axa Investment Plans
Bharti AXA Life Secure Income Plan is a non-linked guaranteed life ins ...Read More
Bharti AXA Life Secure Income Plan is a non-linked guaranteed life insurance plan. It provides regular guaranteed monthly income along with fixed guaranteed addition at each policy anniversary right after the completion of the premium payment term.
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 Secure Income Plan is a non-linked guaranteed life insurance plan. It provides regular guaranteed monthly income along with fixed guaranteed addition at each policy anniversary right after the completion of the premium payment term. This plan comes with a minimum entry age of 1 month and a maximum maturity age of 80 years.
In case of financial emergencies, Bharti AXA Life Secure Income plan also offers a loan for up to 80% of your surrender value.
Bharti AXA Life Secure Income Plan offers you a range of benefits including:
Guaranteed tax-free income
Maturity benefit
Life insurance cover
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 Secure Income Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan that helps him create a lump sum wealth.
His financial advisor advised him to buy the Bharti Axa Life Secure Income Plan. He visited PolicyX.com
Let's understand how the Bharti Axa Life Secure Income Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 25 years | Rs 50,000 | 20 years | 10 years | Rs 6,22,122 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 6,22,122 are paid to the policyholder.
There are various benefits to buying the Bharti Axa Life Secure Income Plan. Let’s understand each of them in detail:
Key features that make Bharti AXA Secure Income Plan stand out.
Guaranteed Additions
A fixed guaranteed addition will be added to your sum assured at each policy anniversary, starting from 7% to 10% of your sum assured.
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.
Guaranteed Tax-FreeIncome
This plan offers guaranteed regular tax-free income, right after the completion of the premium payment term. The income depends upon the premium you have paid and it will be paid until maturity.
Life Insurance Cover
You will be covered with guaranteed life coverage throughout the whole policy tenure. The death benefit is equal to the Higher of the Sum Assured plus Guaranteed Additions accrued till the date of death.
Keep these documents handy when applying for Bharti AXA Secure Income 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 Secure Income 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 Secure Income 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 Secure Income Plan.
| What’s Good Here | What’s Missing |
| Life Insurance Coverage | Whole Life Coverage |
| Potential Bonuses | No High Sum Assured Rebate |
| Guaranteed Payout | Premium Offset |
| Non-guaranteed Bonuses | No Auto Cover Continuance |
Bharti Axa Life Secure Income Plan offers dual benefits- death benefits to your family in case of your uncertain demise along with regular guaranteed income until the full policy tenure. This plan helps you receive income along with the lump sum maturity benefit at the end of the policy tenure. If you are still confused about whether the Life Secure Income plan is right for you or not then you can contact us at PolicyX. One of our insurance experts will reach out to you shortly, understand your requirements, and help you choose a plan that best fits your unique needs.
The 4 most-asked questions about Bharti AXA Secure Income Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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