Bharti Axa Super Series Investment Plan
Bharti Axa Investment Plans Bharti Axa Investment Plans ★ 4.2

Bharti AXA Super Series Plan

Bharti AXA Life Super Series provides guaranteed savings along with th ...Read More

🛡️ IRDAI Approved
4.2/5 · 54 reviews
📊 99 years solvency ratio
Minimum Age - 0 year% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

Bharti AXA Life Super Series provides guaranteed savings along with the benefit of guaranteed income and assured life cover. It offers assured income, which increases every year during the payout period.

Here are the key features of the above plan
  • Get 3 options that are offered.
  • Guaranteed cash payout
  • Lump sum cash payout of 50% of ‘sum assured on maturity’

 

About Bharti AXA Super Series Plan

A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.

With the Bharti AXA Super Series Plan, enjoy guaranteed savings and income for worry-free tomorrow! Bharti AXA Life Super Series provides guaranteed savings along with the benefit of guaranteed income and assured life cover. It offers assured income, which increases every year during the payout period. With the Super Series plan, you also get guaranteed periodic lump sums at the start and end of the payout period to fulfil your family's goals. This investment plan offers you the flexibility to choose from any of the Super 6, Super 7 or Super 10 options as per your required investment duration and returns. In addition, at the end of the policy term, a guaranteed maturity addition of 30% of the ‘sum assured on maturity’ will also be paid as a reward for staying invested for the entire policy term. In this plan, you'll get the dual benefits of insurance and disciplined savings at highly affordable premiums.

Key Features of Bharti AXA Life Super Series Plan

  • In this plan, you can choose from the Super 6, Super 7 or Super 10 options as per your required investment duration and returns.
  • The plan offers guaranteed cash payouts from the end of the premium payment term till maturity or death, whichever is earlier.
  • The guaranteed cash payout will be 12% of the ‘sum assured on maturity’, which increases every year during the payout period.
  • The plan also offers a lump sum cash payout of 50% of ‘sum assured on maturity’, at the start and end of the payout period.
  • At maturity, a guaranteed maturity addition of 30% of the ‘sum assured on maturity’ will also be paid as a reward for staying invested for the entire policy term.
  • The plan has 5 optional add-on riders, which help you to stay protected against risks with an extra payout.

Eligibility Criteria for Bharti AXA Super Series Plan

Entry age
Entry age
Min- 0 years, Max- 63 years
Maturity age
Maturity age
75 years, and 80 years
Policy tenure
Policy tenure
12 and 20 years
Premium payment term
Premium payment term
6, 7, and 10 years
Premium payment frequency
Premium payment frequency
Half-yearly, annually
Sum assured
Sum assured
NA

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Guaranteed Money Back
  • Maturity Benefit
  • Guaranteed Maturity Addition

Cons

  • Limited Flexibility
  • High premiums
  • Potential lower return

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age- 0 year
Maximum entry age- 63 years
Sum Assured- No Limit
Maximum policy term- 20 years

Additional Riders You Can Choose With Bharti AXA Super Series Plan

Name of the rider Benefit
Bharti AXA Life Hospi Cash Rider Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.
Bharti AXA Life Premium Waiver Rider Your future premiums will be waived in case of accidental disability or diagnosis of any covered critical illness
Bharti AXA Life Term Rider Get an extra Sum Assured in case of policyholder death
Bharti AXA Life Accidental Total and Permanent Disability Rider Get an extra payout on top of your base cover in case of total and permanent disability due to an accident within 120 days.
Bharti AXA Life Accidental Death Benefit Rider Get an extra payout on top of your base cover in case of accidental death

Bharti AXA Super Series Policy Details 

  1. Policy Loan 

    In this plan, you can also take out a loan once the policy obtains the surrender value. Kindly note the loan amount should not exceed 70% of the acquired surrender value.

  2. Policy Revival

    Under the Super Series Plan, you can easily revive all the benefits under your policy within five years after the due date of your first unpaid premium.

    Check out the revival Terms & Conditions-

    • A written application from you for revival;

    • Satisfactory evidence of insurability.

    • You must pay your premium and interest rate to restore your policy to its total value.

  3. Policy Surrender

    If you want to exit the policy earlier, you can do so once your policy acquires surrender value. Typically, the policy obtains surrender value after paying the first two full years’ premium.

    On policy surrender, you will get higher of the following:

    • Guaranteed Surrender Value (GSV)
    • Special Surrender Value (SSV)

Benefits of Bharti AXA Super Series Plan

There are various benefits to buying the Bharti AXA Life Super Series Plan. Let’s understand each of them in detail:

    • Guaranteed Money Back:With the Guaranteed Money Back benefit, you'll receive a percentage of the 'sum assured on maturity' after the end of the premium payment term. The payouts will be paid at the end of each year, which increases yearly during the payout period. It may vary based on the super series option you've chosen. The plan also offers a lump sum cash payout of 50% of ‘sum assured on maturity’, at the start and end of the payout period.
    • Maturity Benefit:The Policyholder will receive the maturity benefit once the Policy matures at the end of the policy tenure. Under Bharti AXA Life Super Series, the maturity value typically includes the sum Assured on Maturity + Maturity Additions.
    • Guaranteed Maturity Addition:In addition, on the Maturity Date, a Guaranteed Maturity Addition of 30% of the ‘Sum Assured on Maturity’ will be payable to the Policyholder, subject to the Policy being in force. In case the life insured is a minor at the time of policy issuance, the ownership of the Policy will vest on attainment of age 18 years, age last birthday.
    • Guaranteed Maturity Addition:If the policyholder unfortunately dies during the policy term, the sum assured on death shall be payable to the nominee. The sum assured on death shall be higher than:
  1. 11 times the annualized premium for Super 6 options

  2. 12 times the annualized premium for Super 7 options. 

  3. 15 times the annualized premium for Super 10 options.

  4. 105% of all premiums paid as of the date of death.

  5. Sum Assured on Maturity.

  • Option to choose from Super 6, Super 7, or Super 10:In this plan, you can choose from the Super 6, Super 7, or Super 10 options according to your required investment duration and returns. With the different super series options, you can pay premiums for 6, 7, or 10 years (PPT), enjoy a life cover, and receive guaranteed money-back benefits for 12, 20, or 20 years.

Documents Required for Bharti AXA Super Series Plan

Keep these documents handy when applying for Bharti AXA Super Series 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).

Buying from their branch office

You can buy the Bharti AXA Life Super Series Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Exclusions of Bharti AXA Super Series

  • 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.

Other Features of Bharti AXA Super Series Plan

Here are the key features of the Bharti AXA Super Series Plan.

Bharti AXA Life Super Series at a Glance

What’s Good Here What’s Missing
Guaranteed Money Back Benefit Guaranteed Additions
Guaranteed Maturity Additions No High Sum Assured Rebate
Choice of Super Series Options No Auto Cover Continuance
5 Add-on Riders Plan Options
Cash payout at the start and end of the payout period. Premium Offset

In a nutshell

Bharti AXA Life Super Series is a guaranteed savings plan that offers guaranteed income and assured life cover. It is ideal for someone who wants to build wealth for retirement or needs additional income to pay for their expenses. No worries; if you still have some questions regarding this plan, you can reach out to us at PolicyX.com. With the expertise of our insurance experts, you indeed get all of your answers in no time.

Frequently Asked Questions

The 5 most-asked questions about Bharti AXA Super Series Plan, answered.

Bharti AXA Life Super Series is a guaranteed savings plan that offers guaranteed income and assured life cover.
Under different super series options, you can pay premiums for 6, 7, or 10 years (PPT) and enjoy life cover benefits for 12, 20, or 20 years.
The plan offers a lump sum cash payout of 50% of the ‘sum assured on maturity’ at the start and end of the payout period.
The plan offers guaranteed cash payouts after the premium payment term till maturity. The guaranteed cash payout will be 12% of the ‘sum assured on maturity’, which increases every year during the payout period.
In this plan, you can choose from the Super 6, Super 7, or Super 10 options according to your required investment duration and returns

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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