Bharti AXA Term Insurance
Bharti AXA Life POS Saral Jeevan Bima Yojana is a pure protection plan ...Read More
A quick read on what this Bharti AXA Term Insurance term plan covers and why it might be a fit for you.
Bharti AXA Life POS Saral Jeevan Bima Yojana is a non-linked, non-participating, individual, pure-risk premium life insurance plan that offers lump sum death benefit from Rs.50,000 to no limit in case of demise of the life insured during the policy tenure. It provides a double sum assured to the nominee in case of the demise of the life insured due to an accident. The plan also has one of the highest policy issuance rates because no medical examination test is required for purchase.
Bharti AXA Life POS Saral 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 Life POS Saral Jeevan Bima Yojana works with a simple premium illustration.
Vijay, 30 years old, is looking for a term insurance plan to ensure he is covered against any events and his family is protected against any financial uncertainty.
His financial advisor advised him to buy the Bharti AXA Life POS Saral Jeevan Bima Yojana Work. He visited PolicyX.com.
Let's understand how the Bharti AXA Life POS Saral Jeevan Bima Yojana works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹860/month | ₹10,320/year | 30 years | ₹3,09,600 | ₹50 Lakhs |
Key Takeaways: In case of Vijay's unfortunate death during the policy term, his family will receive a lump sum death benefit payout.
You can add the following riders to your Bharti AXA Life POS Saral 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 POS Saral Jeevan Bima Yojana stand out.
No Medical Examination
For Bharti AXA POS Saral Jeevan Bima Yojana, you will not need to undergo any medical examination; only a self-declaration of your health status is required by the company.
Quick Issuance
Sometimes, in a normal term plan, the issuance period is slightly longer due to many formalities required by the insurance company. But in Bharti AXA POS Saral Jeevan Bima Yojana, you will get a quick and hassle-free issuance of the policy.
Lump Sum Death Benefit
Under Bharti AXA POS Saral Jeevan Bima Yojana, upon the demise of the life insured during the policy term, a lump sum death benefit will be payable to the nominee to cope with further expenses for living.
Flexibile Policy Term
Under Bharti AXA POS Saral Jeevan Bima Yojana, you get the flexibility to choose among multiple policy term tenures in order to match it with your needs and requirements over time.
Accidental cover
You can get an extra payout on top of the base cover in case of accidental death of the life insured during the policy term.
Here are the key benefits of the POS Saral Jeevan Bima Yojana.
Death Benefit
The death benefit shall be payable to the nominee as a lump sum upon the policyholder's unfortunate death during the policy term period.
Double SumAssured
It offers a double sum assured to the nominee in case of the demise of the life insured due to an accident.
Tax Benefit
All the premiums paid over Bharti AXA Life POS Saral Jeevan Bima Yojana can be used as tax rebates for up to 1.5 lacs under section 80C of the Income Tax Act 1961.
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 Life POS Saral Jeevan Bima Yojana is a best term insurance plan offering multiple premium payment modes and features at reasonable premiums.
If you have doubts or queries regarding the Bharti AXA POS Saral Jeevan Bima Yojana or need a human touch, you can contact us through the website policyx.com or at 1800-4200-269.
The 8 most-asked questions about POS Saral Jeevan Bima Yojana, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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