Bharti AXA Life Grameen Jeevan Bima Yojana
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Bharti AXA Grameen Jeevan Bima

Bharti AXA Grameen Jeevan Bima is a micro-term insurance plan that off ...Read More

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🛡️ IRDAI Approved
⭐ 4.6/5 · 919 reviews
📊 1.67 solvency ratio
✅ 99.18%% claim settlement ratio
🌐 200+ pan-India

Bharti AXA Grameen Jeevan Bima is a micro-term insurance plan that offers small life cover at nominal premiums. The plan provides a choice of 2 plan options that allow you to select the level of protection: Pure Protection or Protection with the return of premium.

Here are the key features of the above plan
  • Get short-term protection for up to 65 years for as low as Rs 85 only.
  • The plan provides flexible premium payment terms that allow you to pay premium at your convenience.
  • Get back all your premiums paid towards the plan at maturity.
  • In this plan, you can only pay 3 months’ premiums in advance on the policy’s commencement date.

About Bharti AXA Grameen Jeevan Bima

A quick read on what this Bharti AXA Term Insurance term plan covers and why it might be a fit for you.

Are you looking for an extremely inexpensive term insurance plan with short coverage? Then Bharti AXA Grameen Jeevan Bima might be the right choice for you. The plan is a micro-term insurance plan, which means that it offers a minimal life cover, which starts at Rs. 10,000 and goes up to 2 Lacs. Grameen Jeevan Bima Yojana is a highly affordable plan with monthly premiums as low as Rs 85 only. The plan comes with a return of premium option and comes in 2 variants: Pure Protection or Protection with Return of Premium.

Bharti AXA Grameen Jeevan Bima offers you a range of benefits including:

  • Affordable Premium
  • Flexible Premium Payment Term
  • Advance Premium Option
  • Tax Benefits as per laws
  • Surrender Value
  • Return of Premium

Eligibility Criteria for Bharti AXA Grameen Jeevan Bima

Entry age
Entry age
Minimum Age - 18 years Maximum Age - 60 years
Maturity age
Maturity age
Maximum Maturity Age - 65 years
Policy term
Policy term
Minimum term - 5 years Maximum term - 10 years
Sum assured
Sum assured
Basic Sum Assured: ₹10 Thousands to ₹2 Lakhs
Policy loan
Policy loan
The policy loan is not available under Bharti AXA Grameen Jeevan Bima Plan.
Payment Modes
Payment Modes
Single, Annual, Semi-Annual, Quarterly, and Monthly

Pros & cons

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

Pros

  • Pure protection
  • Return of premium
  • Tax benefit

Cons

  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

Bharti AXA Term Insurance Plans

Bharti AXA Term Insurance Plans

Bharti AXA, a joint venture of Bharti Enterprises from India and a French multinational insurance firm AXA, offers protection, savings, investments, health and group plans. Through this video, we have captured the term insurance plans offered by Bharti AXA.

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry Age -18 Years
Max Entry Age - 60 years
Minimum Sum Assured - ₹10 Thousands
Maximum Maturity Age - 65 years
Premium Payment Term - RP/SP

How Does Bharti AXA Grameen Jeevan Bima Plan Work?

Let's understand how the Bharti AXA Grameen Jeevan Bima works with a simple premium illustration.

Problem

Mukesh, 22 years old, wants to ensure that his family’s needs are taken care of in case of his death at affordable premiums.

Solution

His financial advisor advised him to buy the Bharti AXA Grameen Jeevan Bima Plan Work. He visited PolicyX.com.

Let's understand how the Bharti AXA Grameen Jeevan Bima Plan works for him with a premium illustration table.

Age of policyholder Monthly Premiums Annual Premiums Policy Tenure Total premiums paid Sum assured
22 years ₹162/month ₹1,944/year 25 years ₹73,872 ₹2 Lakhs

Key Takeaways: If Mukesh dies during the policy tenure, his family will receive ₹2 Lakhs as a death benefit from the insurer.

Riders Associated with Bharti AXA Grameen Jeevan Bima Plan

You can add the following riders to your Bharti AXA Grameen Jeevan Bima Plan:

Accidental Death Benefit Rider

Get an extra payout on top of the base cover in case of unfortunate death due to an accident.

Premium Waiver Rider

It waives off your future premiums in case you're faced with an unfortunate event like critical illness, permanent disability, or death.

Hospi Cash Benefit Rider

Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.

Features of Bharti AXA Grameen Jeevan Bima

Key features that make Bharti AXA Grameen Jeevan Bima stand out.

Flexible-Premium Payment Term

The plan provides flexible premium payment terms that allow you to pay premium at your convenience.

Choice of Plan Options

The plan provides a choice of 2 plan options that allow you to select the level of protection: Pure Protection or Protection with the return of premium.

Affordable Premiums

With Bharti AXA Grameen Jeevan Bima, you can get short-term protection for up to 65 years for as low as Rs 85 only.

Benefits of Bharti AXA Grameen Jeevan Bima

Here are the key benefits of the Bharti AXA Grameen Jeevan Bima.

Death Benefit

In case of the death of the life insured during the policy term, the Bharti Axa Grameen Jeevan bima term plan immediately pays a death benefit to the nominee.

Survival Benefit

Upon the survival of the whole policy term, the Bharti Axa Grameen Jeevan Bima term plan will return all paid premiums as a maturity benefit to you. Kindly note that the survival benefit is only available in return for the premium option.

Tax Benefit

Bharti Axa Grameen Jeevan Bima term plan offers a tax benefit of up to 1.5 lacs under section 80C of the Income Tax Act for the premium paid for the same financial year.

Advance PremiumOption

In this plan, you can only pay 3 months' premiums in advance on the policy's commencement date.

Exclusions of Bharti AXA Grameen Jeevan Bima

Here is the list of exclusions associated with the plan:

  • Death occurred due to a pandemic is not covered by the company.
  • Death caused due to any type of adventure sports.
  • Death by consumption of any type of drugs and alcohol.
  • Death due to any pre-existing disease that isn't mentioned during the start of the policy.
  • If a policyholder commits suicide within first 12 months of purchasing the policy, then no death benefits are paid to their nominee.

Conclusion

Bharti AXA Grameen Jeevan Bima is a micro-term insurance plan designed to protect your family's financial future in your absence. It offers various additional benefits such as affordable premiums, return of premium, and advanced premium options.

If you have doubts or queries regarding the Bharti AXA Grameen Jeevan Bima plan, you can contact us through the website policyx.com or at 1800-4200-269.

Term Insurance Articles

Frequently Asked Questions

The 4 most-asked questions about Bharti AXA Grameen Jeevan Bima, answered.

The minimum age limit of Bharti Axa Grameen Bima Yojana term insurance plan is 18 years.
Yes, Bharti Axa grameen bima yojana is available on all pin codes, you can check by entering your area pin codes on the website.
Bharti axa grameen bima yojana offers two plan options : Pure protection option. Return of premium option.
The maximum maturity age of Bharti axa grameen bima yojana term plan is 65 years.

Written and reviewed by

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

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 19 May 2026 · Originally published: 15 Oct 2024

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