Bharti AXA Term Insurance
Bharti AXA Life Group Suraksha plan is a simple, low-cost, one-year re ...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 a term plan that covers a group of people, is simple, and has simple and low-cost premiums? If yes, then today we have a term plan named Bharti Axa Group Suraksha for you. It provides life insurance to its members on their unfortunate death and does not require medical underwriting during purchase. It is a one-year renewable group term insurance product, and you can cover a minimum of 15 people under the same plan.
Bharti AXA Life Group Suraksha 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.
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 Life Group Suraksha Plan works with a simple premium illustration.
Abhinav is a 30-year-old who lives in a joint family and is looking for a term plan that covers 12 members of his family under a single plan.
His financial advisor advised him to buy the Bharti AXA Life Group Suraksha Plan Work. He visited PolicyX.com.
Let's understand how the Bharti AXA Life Group Suraksha Plan works for him with an example.
Key Takeaways: Under Bharti AXA Life Group Suraksha, you can add 15 people to the same plan and get insurance coverage. It is a low-cost, one-year renewable group term product for co-operatives, institutions, joint families and NGOs. In case one of the family members unfortunately dies, his family will receive a lump sum death benefit.
You can add the following riders to your Bharti AXA Life Group Suraksha 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 Group Suraksha Policy stand out.
Ease of Purchase
As there is no requirement for medical underwriting to purchase the Bharti Axa Group Suraksha plan, customers can enjoy hassle-free and quick issuance of the policy.
Multiple Premium Payment Modes
In the Bharti Axa Group Suraksha plan, there are multiple modes of premium paying terms available such as annual, semi-annual, quarterly, or monthly modes.
Sum Assured Options
Bharti Axa Group Suraksha plan offers a sum assured from ₹ 5,000 up to ₹ 25,000, to cater to the needs of each group.
Affordable Premiums
harti Axa Group Suraksha plan comes with affordable premiums, a basic plan with 15 members starting with just 3500/- per month for a sum of 25 thousand.
Here are the key benefits of the Bharti AXA Group Suraksha Policy.
Death Benefit
Upon the unfortunate demise of the life insured during the policy term, the death benefit will be payable as a sum assured to the nominee.
Tax benefit
All the premiums paid under the Bharti axa Group Suraksha term plan can be used as tax redemption for up to 1.5 lacs under section 80C of the Income Tax Act 1961.
One Year Renewable
Bharti AXA Life Group Suraksha Plan is a one-year renewable group term insurance product, and you can cover a minimum of 15 people under the same plan.
Here is the list of exclusions associated with the plan:
Bharti Axa Life Group Suruksha is a pure-term insurance plan designed to provide one year of life coverage for groups such as institutions, co-operatives, joint families, and NGOs operating in rural and social sectors.
If you have doubts or queries regarding the Bharti Axa Life Group Suruksha plan, you can contact us through the website policyx.com or at 1800-4200-269.
The 5 most-asked questions about Bharti AXA Group Suraksha Policy, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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