Bharti AXA Term Insurance
Bharti AXA Life Saral Jeevan Bima is a cost-effective pure protection ...Read More
A quick read on what this Bharti AXA Term Insurance term plan covers and why it might be a fit for you.
Uncertainties are inescapable, but you can make sure your family's goals remain undisturbed, irrespective of the circumstances, with a Bharti AXA Life Saral Jeevan Bima. It is a basic term insurance plan to secure the family's financial future in exchange for pocket-friendly premiums. However, you can even choose the premium payment term based on your budget. With their simple and easy-to-understand features, you can secure yourself & your family hassle-free.
Bharti AXA Life 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 Saral Jeevan Bima works with a simple premium illustration.
Arjun is a 35-year-old salaried employee with a wife and two kids. Being the sole earning member of the household, he wants to secure his family's financial future.
His financial advisor advised him to buy the Bharti AXA Saral Jeevan Bima Work. He visited PolicyX.com.
Let's understand how the Bharti AXA Saral Jeevan Bima works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 35 years | ₹795/month | ₹9,540/year | 35 years | ₹2,38,500 | ₹25 Lakhs |
Key Takeaways: In case of Arjun'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 Saral Jeevan Bima:
Bharti AXA Life Accidental Death Benefit rider provides an additional sum assured equal to 50% of the sum assured in case of the unfortunate demise of the life insured due to an accident.
Bharti AXA Life Accidental Total and Permanent Disability Rider provides a rider sum assured to the nominee in case of permanent disability within 120 days of the accident.
Key features that make Bharti AXA Life Saral Jeevan Bima stand out.
Flexible Premium Payment Terms
The plan offers flexible premium payment term options; you can select the PPT based on your budget: Single pay, Limited pay, or Regular pay.
Lower Premium Rates for Feamles
Bharti AXA Life Insurance Saral Jeevan Bima Plan offers special rates for females with a partial setback of 3 years in terms of premium rates as compared to male lives.
Advance Premium
Under the monthly premium payment mode, you can pay 3 months' premium in advance.
Add-on Riders
The plan offers two optional add-on riders that allow you to enhance your base life cover and get additional protections: Accidental Death Benefit Rider and Accidental Total and Permanent Disability Rider.
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 Bharti AXA Life Saral Jeevan Bima.
Death During theWaiting Period
Upon the unfortunate death of the policyholder during the waiting period, the death benefit shall be payable to the nominee as a lump sum: 10 times the Annualized Premium or 105% of all premiums paid as of the date of death.
Death AfterWaiting Period
In case of the policyholder's unfortunate death after the waiting period, the death benefit shall be payable to the nominee as a lump sum: 10 times the annualized premium or the absolute amount assured to be paid on death.
Surrender Benefit
When you do not want to continue the policy and exit the plan before maturity, the surrender value/Policy Cancellation value will be payable to you only under the single or limited pay.
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 Saral Jeevan Bima is a pure protection, non-linked term insurance plan that offers flexible premium options such as Single Pay, Limited Pay, and Regular Pay. You can protect your loved ones up to 70 years of age, choose your own policy term, and attach 2 kinds of riders with your policy.
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 4 most-asked questions about Bharti AXA Life Saral Jeevan Bima, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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Compare Bharti AXA Term Insurance term plans with other top insurers in India.
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