Bharti AXA Flexi Term Life Insurance Plan and Policy - A term plan that’s here to protect you and your family against an unfortunate event. It offers you the flexibility to choose from 3 different Life Cover pay out options so that your family's needs are always met.
Key Features - Bharti AXA Flexi Term Life Insurance Plan and Policy:
- Participating Traditional Whole Life plan
- Limited Premium Payment Term
- Coverage up to age 100 years
- Cash Bonus
Eligibility Details - Bharti AXA Flexi Term Life Insurance Plan and Policy:
| Parameter | Eligibility Criteria | |
|---|---|---|
| Life Cover | Life Cover with Critical Illness Options |
|
| Minimum age at entry | 18 years | 18 years |
| Maximum age at entry | 65 years | 65 years |
| Maximum Maturity age | 85 years | 75 years |
| Minimum Sum Assured# | Rs. 10,00,000 | Rs. 10,00,000 |
| Maximum Sum Assured# | Subject to Underwriting | Life Cover: Subject to Underwriting Critical Illness: Rs. 1,00,00,000 |
| Policy Term | Fixed: 10, 15, 20, 25 years To Age: 60, 65, 75, 85 years |
Same as Policy Term of Life Cover* |
| Premium Payment Term | Regular Pay: Same as Policy Term |
Regular Pay: Same as Policy Term |
| Premium Payment Modes | Annual, Semi-Annual, Quarterly$ & Monthly$ |
Annual, Semi-Annual, Quarterly$ & Monthly$ |
- # The Sum Assured for Critical Illness has to be equal to or less than the Sum Assured of Life Cover. It cannot exceed the Sum Assured for the Life Cover.
- *Please note, the Life Cover with Critical Illness option is only available for Policy Terms - 10, 15, 20, 25, To Age 60 and To Age 65 years.
- $ - Payable through ECS only
Sum Assured: - Bharti AXA Flexi Term Life Insurance Plan and Policy:
This amount is based on the premium that is being paid, policy tenure and other factors.
Premium:
| Minimum Annual Base Premium |
|
| Policy Tenure (in years) | 20/25/30 |
| Premium Payment Tenure |
|
| Premium Payment Modes | Yearly/Semi-annually/Quarterly/Monthly Customers should note that they can avail quarterly and monthly modes of payment only via Auto Pay. |
Customers will have to note that premiums will change based on location, age, plan tenure and other factors.
Plan Coverage - Bharti AXA Flexi Term Life Insurance Plan and Policy:
Multiple death benefit payout options:
Lump sum: The entire death benefit will be paid out as a lump sum amount to secure your family's financial future.
Monthly Income: The death benefit will be paid out as a monthly income increasing annually by 10% at simple rate for a period of 15 years. The increasing monthly income will help to fulfill the day to day needs of your family and also ensure they are protected against inflation.
Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10% at simple rate for a period of 15 years. This will help your family take care of not only their immediate needs but also growing needs over the years.
Benefit - Bharti AXA Flexi Term Life Insurance Plan and Policy:
You can also choose to enhance your protection beyond life cover and get coverage for Critical Illnesses. In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid. Under this benefit you have the flexibility of opting coverage under one of the 3 options (can be selected at inception only):
a) 'Comprehensive Cover' – Protection against 34 critical illnesses
b) 'Major Illnesses Cover' – Protection against 15 major critical Illnesses
c) 'Heart & Cancer Cover' – Protection against 9 critical illnesses related to Heart & Cancer
| S. No. | Critical Illness | Critical Illnesses Covered* | ||
|---|---|---|---|---|
| Comprehensive Cover |
Major Illnesses Cover |
Heart & Cancer Cover |
||
| 1. | Cancer of Specified Severity |  |
|
|
| 2. | Myocardial Infarction (First Heart Attack of Specific Severity) | |
|
|
| 3. | Open Chest CABG | |
|
|
| 4. | Open Heart Replacement or repair of Heart Valves |
|
|
|
| 5. | Cardiomyopathy | |
|
|
| 6. | Surgery to Aorta | |
|
|
| 7. | Primary (Idiopathic) Pulmonary Hypertension |
|
|
|
| 8. | Angioplasty** | |
|
|
| 9. | Pericardectomy | |
|
|
| 10. | Coma of Specified Severity | |
|
- |
| 11. | Kidney Failure Requiring Regular Dialysis | |
|
- |
| 12. | Major Organ/Bone Marrow Transplant | |
|
- |
| 13. | Stroke Resulting in Permanent Symptoms | |
|
- |
| 14. | Multiple Sclerosis with Persisting Symptoms | |
|
- |
| 15. | Permanent Paralysis of Limbs | |
|
- |
| 16. | Blindness | |
- | - |
| 17. | Third Degree Burns | |
- | - |
| 18. | Major Head Trauma | |
- | - |
| 19. | End Stage Lung Failure | |
- | - |
| 20. | End Stage Liver Failure | |
- | - |
| 21. | Deafness | |
- | - |
| 22. | Loss of Speech | |
- | - |
| 23. | Apallic Syndrome | |
- | - |
| 24. | Loss of Limbs | |
- | - |
| 25. | Aplastic Anaemia | |
- | - |
| 26. | Medullary Cystic Disease | |
- | - |
| 27. | Benign Brain Tumour | |
- | - |
| 28. | Motor Neuron Disease with Permanent Symptoms | |
- | - |
| 29. | Brain Surgery | |
- | - |
| 30. | Alzheimer's Disease | |
- | - |
| 31. | Muscular Dystrophy | |
- | - |
| 32. | Parkinson's Disease | |
- | - |
| 33. | Poliomyelitis | - | - | - |
| 34. | Systemic Lupus Erythematosus | |
- | - |
*represents inclusion of the respective Critical Illness in a particular Option
** In case of Angioplasty, Critical Illness Benefit equal to `5 Lac will be payable. The Critical Illness Sum Assured will reduce by `5 Lac and the reduced Critical Illness Sum Assured will be available for the other covered Critical Illnesses under the chosen Option, other than Angioplasty. All future premiums in respect of the reduced Critical Illness Sum Assured will also reduce. Please read the definitions, exclusions and other applicable conditions as mentioned in the Terms & Conditions.
Flexibility - Bharti AXA Flexi Term Life Insurance Plan and Policy:
Choose your own coverage period as there are multiple Policy Term options available under the product. You can either choose from Fixed Policy Term options of 10, 15, 20 and 25 years or from 'To Age' options of 60, 65, 75 and 85 years.
Bajaj Allianz Child Life Insurance Plans and Policy |
|