Bharti AXA Term Insurance
A term plan that offers coverage against 15 major critical illnesses. ...Read More
A quick read on what this Bharti AXA Term Insurance term plan covers and why it might be a fit for you.
“A term plan- that protects against 15 major critical illnesses” Everyone loves a refund, don't you? What if we told you, you could get a refund on a term insurance plan if you outlive it? Yes, you heard it right. With the Bharti AXA Life Flexi term plan, you can get a refund once you outlive the policy tenure. The plan comes in 2 variants namely, with return of premium and without return of premium.
You can choose the protection level by choosing any benefit option and get protection for up to 99 85 years. Apart from this, the plan lets you cover your spouse under one policy under the without return of the premium option. You can choose a policy term as short as 1 year with the Bharti Axa Life Flexi term plan, and choose your own death benefit payout amongst; lump sum, monthly income, or lump sum plus monthly income. Let's dive into the details of the Bharti AXA term plan.
Bharti AXA Flexi term plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
Star Flexi Health Insurance offers customizable coverage to suit your unique healthcare needs. With options for individual or family floater plans, it provides protection against hospitalization, critical illnesses, and more.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bharti AXA Flexi Term Plan works with a simple premium illustration.
Ms. Rakesh a 30 year old individual is looking for a term insurance plan for himself.
He visited PolicyX.com to learn more about term plans. Policyx.com advisors carefully analyze her queries and suggest purchasing Bharti AXA Flexi Term Plan.
Given below is the premium illustration of Bharti AXA Flexi term insurance for a 30 year old male, who chose 25 lakhs of sum assured with whole life cover.
| Age | Policy term | Premium paying term | Sum assured | Premium amount |
| 30 years | 99 Years | 20 Years | 25 Lakhs | Rs.1347/- (monthly) |
Key features that make Bharti AXA Flexi Term Plan stand out.
Two plan options
Bharti Axa flexi term plan comes with two plan options which are With the return of premium, and Without the return of premium.
Coverage for joint and single life
With the Bharti Axa Flexi term plan, you can cover your spouse under the same policy with a little higher premium. You can opt for joint life cover under the without return of premium option only.
Flexibility in policy and premium payment
You have the flexibility to pay your premium amount at your own convenience. You can select from Annual, Semi-annual, quarterly, and Monthly premium paying options.
Whole life cover
A life insurance plan is something that you purchase only once. So, Bharti Axa Flexi term plan offers complete coverage for your whole life up to 99 years.
Increased sum assured
With the rising inflation, your chosen life cover amount might not be sufficient as your responsibilities rise. So, with Flexi Term Pro from Bharti AXA life, you can increase your sum assured up to 2 times by the age of 45 years.
Here are the key benefits of the Bharti AXA Flexi Term Plan.
Death benefit payout
At the time of policy purchase, you can choose how you would like your nominee to receive the death benefit payout. You can choose lump sum, Monthly Income Payout, or Lump sum plus monthly income payout.
Tax benefit
You can get a tax rebate of up to 1.5 lacs for the premiums paid for the Bharti Axa Flexi term plan under section 80C of the Income Tax Act 1961.
Maturity benefit
If the insured person fully survives the whole policy term, they would receive all the paid premiums back, minus the taxes and other charges.
Here is the list of exclusions associated with the plan:
Bharti AXA Life Flexi Term Plan is a simple easy to understand term insurance plan. It offers multiple benefits under affordable premiums along with tax benefits as per the law. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.
The 4 most-asked questions about Bharti AXA Flexi Term Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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