Bharti Axa Investment Plans
Bharti Axa Super Endowment helps you create wealth and even secure the ...Read More
Bharti Axa Super Endowment helps you create wealth and even secure the future of your loved ones financially in case of your uncertain demise.
A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.
Bharti Axa Super Endowment helps you create wealth and even secure the future of your loved ones financially in case of your uncertain demise. You can also avail yourself of additional riders with this plan to enhance your plan coverage. This article provides you with complete information about this plan including its features, benefits, buying process, etc.
Bharti Axa Super Endowment Plan 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.
Bharti Axa Super Endowment 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 the HDFC Life Sanchay Plus Plan works with a simple premium illustration.
Digvijay was looking for a plan to help him save money for higher studies for his child. Also, he has an ongoing home loan of Rs 5 lakhs. He needs a plan to pay his family the dues and live comfortably in his absence.
He chooses the Bharti Axa Endowment Plan. This plan will cover both his requirements. Let’s understand how the plan works for Mr. Digvijay.
Let's understand how the Super Endowment Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premiums | Policy tenure | Premium payment term | Total premiums paid | Sum Assured | Survival benefits | Maturity Benefits |
| 35 years | Rs 50,000 | 20 years | 10 years | Rs 5,00,000 | Rs 6,66,756 | Rs 3,33,378 | Rs 6,66,756 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 6,66,756 are paid to the policyholder.
There are several benefits of the Bharti Super Endowment Plan. Let’s understand these benefits in detail:
| Premium payment tenures | Policy tenures |
| 8 years | 16 years |
| 9 years | 18 years |
| 8 years | 20 years |
| 9 years | 20 years |
| 10 years | 20 years |
| 11 years | 20 years |
| 12 years | 20 years |
| 13 years | 20 years |
| 14 years | 20 years |
| 15 years | 20 years |
Key features that make Bharti Axa Super Endowment Plan stand out.
Advance premiumoption
You can pay your premiums in advance for a maximum of three months advance. The premium collected in advance will be adjusted in the future.
Grace period
You are provided with a grace period to pay your premiums in advance. A 30-day grace period is provided in the case of quarterly, half-yearly, and yearly payments whereas a 15-day grace period is provided in the case of monthly payments.
Surrender value
Your policy acquires the surrender value if you have paid premiums for at least two years. You can return your policy and avail surrender value.
Policy revival
You can revive your policy if it discontinues due to non-payment of premiums even in the grace period. The policy can be revived within five years of the first unpaid premium.
Loan against policy
You can avail of a loan against your policy to meet your financial requirements. The interest applicable on the loan is decided by the IRDAI.
Free-look period
A 15-day free-look period is provided after you purchase the policy to cancel the policy if you are not satisfied with the policy.
Keep these documents handy when applying for Bharti Axa Super Endowment Plan.
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 Super Endowment Plan by visiting one of the nearest branch offices of Bharti Axa.
Here are the key features of the Bharti Axa Super Endowment Plan.
Conclusion
Bharti Axa Life Super Endowment Plan offers you dual benefits- maturity benefits and death benefits whichever is applicable. You can choose policy tenure and premium payment tenure from multiple options. 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 Super Endowment Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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