Bharti AXA Term Insurance
Bharti AXA Grameen Jeevan Bima is a micro-term insurance plan that off ...Read More
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:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
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.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bharti AXA Grameen Jeevan Bima works with a simple premium illustration.
Mukesh, 22 years old, wants to ensure that his family’s needs are taken care of in case of his death at affordable premiums.
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.
You can add the following riders to your Bharti AXA Grameen Jeevan Bima Plan:
Get an extra payout on top of the base cover in case of unfortunate death due to an accident.
It waives off your future premiums in case you're faced with an unfortunate event like critical illness, permanent disability, or death.
Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.
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.
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.
Here is the list of exclusions associated with the plan:
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.
The 4 most-asked questions about Bharti AXA Grameen Jeevan Bima, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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