Bharti Axa Term Insurance Plan India

Bharti gives an option of two simple term plans at industry’s one of the best premiums viz. Bharti AXA Life eProtect+ and Bharti AXA Life eProtect. One can buy these plans online too without much paperwork. The plans also include tax benefit of the insured on premiums.

Terminal benefits and features of Bharti AXA Life term plans:

  • A cover of Rs. 100 lakh is provided in just Rs. 6,100
  • In case when the life insured expires, a sum of Rs. 1 lakh is paid in lump sum to the nominee as family care benefit
  • For non smokers of 50 lakh and above sum assured, special rate have been introduced
  • To ease access to purchase company gives an option of buying plans online
  • Tax benefit can easily be availed under relevant section of the Income Tax Act, 1961
  • In case of claim settlement under e-protect + plan, customers can choose either of the ways- monthly income/ installments of the whole amount for 15 years or 50% lump sum payment while rest can be paid in 10 years on increasing installments
Example of Bharti AXA Term Insurance Plans

Let’s suppose Mr. A, 32 years of age is an employee in an MNC and is a non smoker, who opted for e protect plan with a term of 28 years. The sum assured opted by him is Rs. 1 crore for which an amount of around Rs. 8,000 needs to be paid as premium of the plan. Now, in case of unfortunate death of Mr. A, his nominee is entitled to receive a compensation of Rs. 1 crore. Paying premium won’t be required after his death.

Bharti AXA Life eProtect

The features of the plan are described as below

  • Entry Age: 18 to 65 years
  • Policy Term: 10 to 75 years
  • Sum Assured: Rs. 25 lakh to any amount
  • Premium: generally affordable
  • Premium payment mode: half yearly or yearly
  • Premium paying term: equal to policy term
  • Death benefit: a lump sum initial compensation of Rs. 1 lakh is provided to the nominee of the life insured while the remaining amount will be released after due formalities are completed. The two major conditions are- policy being active and two premiums have been paid consecutively
Bharti AXA Life eProtect+

The features of the plan are described as below

  • Entry Age: 18 to 60 years
  • Policy Term: 10 to 75 years
  • Sum Assured: Rs. 50 lakh to any amount
  • Premium: generally affordable
  • Premium payment mode: half yearly or yearly
  • Premium paying term: equal to policy term
  • Death benefit: in this case, the nominee has two options-either opt for monthly income scheme under which payments is made in 15 years after the demise of the life insured or take 50% of the payment in advance i.e. after the death of the life insured upon completion of due formalities and take remaining amount in 10 annual installments on increasing basis
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