Bharti AXA Term Insurance
Bharti AXA Life POS Saral Bachat Yojana is a cost-effective pure prote ...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 to save for the future and protect your loved ones? Then Bharti AXA POS Saral Bachat Yojana might be perfect for you! A term insurance plan that gives saving options with life insurance and affordable premiums to fit your budget. Bharti AXA POS Saral Bachat Yojana is a pure protection, non-participating term insurance plan with a return of premium option so that you can take back all the paid premiums at the time of maturity.
Bharti AXA POS Saral Bachat Yojana 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 POS Saral Bachat Yojana works with a simple premium illustration.
Ajay, 35 years old, is looking for a term plan with good returns that helps him get guaranteed protection and a lump sum payout at maturity.
His financial advisor advised him to buy the Bharti AXA POS Saral Bachat Yojana Work. He visited PolicyX.com.
Let's understand how the Bharti AXA POS Saral Bachat Yojana works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 35 years | ₹978/month | ₹11,736/year | 35 years | ₹2,93,400 | ₹10 Lakhs |
Key Takeaways: In case of Ajay's unfortunate death during the policy term, his family will receive a lump sum death benefit payout. If he outlives the policy term, he'll get back all the premiums paid towards the plan as a maturity benefit.
You can add the following riders to your Bharti AXA POS Saral Bachat Yojana:
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 Life POS Saral Bachat Yojana stand out.
Choice of Premium Payment Terms
The plan offers the option to choose from 5 premium payment term options.
Return of Premium Option
Under the return of premium options, get all your premiums back once you survive till the end of the policy term.
Life Cover
Stay protected with a life cover up to the age of 65 years.
Surrender value
Surrender benefit ensures you get all the premiums paid without a claim if you voluntarily surrender the policy.
Here are the key benefits of the Bharti AXA Life POS Saral Bachat Yojana.
Death Benefit
Upon the unfortunate demise of the life insured during the policy term, Bharti AXA POS Saral Bachat Yojana pays the death benefit to the nominee.
Tax benefit
Bharti AXA POS Saral Bachat Yojana offers a tax benefits of up to 1.5 lacs under section 80C of the Income Tax Act 1961, for all the premiums paid in the same financial year.
Maturity benefit
Upon the complete survival of the policy term by the life assured, Bharti Axa POS Saral Bachat Yojana will return all the premiums on maturity excluding taxes.
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 POS Saral Bachat Yojana is a simple-term insurance product. Apart from a death benefit, it offers a maturity benefit wherein you'll get back all the premiums on maturity, excluding taxes.
If you have doubts or queries regarding the Bharti AXA POS Saral Bachat Yojana plan, you can contact us through the website policyx.com or at 1800-4200-269.
The 5 most-asked questions about Bharti AXA Life POS Saral Bachat Yojana, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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