Bharti Axa Life E-Protect Term Plan
Bharti AXA Life Insurance is a joint venture between Bharti, one of India’s leading business groups with interests in telecom, agri business and retail, and AXA, one of the world’s leading company in financial protection and wealth management. The joint venture company has a 74% stake from Bharti and 26% stake of AXA. As we further expand our presence across the country with a large network of distributors, we continue to provide innovative products and service offerings to cater to specific insurance and wealth management needs of customers. Whatever your plans in life, you can be confident that Bharti AXA Life will offer the right financial solutions to help you achieve them.
What are the benefits of Bharti AXA Life eProtect?
Affordable Premium Rates-:
You can get yourself insured at affordable premium rates.
Life Insurance Benefit-:
In case of an unfortunate death of the Life Insured, an amount equal to Sum Assured will be paid as a life insurance benefit to the nominee.
Family Care Benefit-:
Unfortunate events in life come unannounced and during this time of distress your family could require contingency support. Family Care Benefit is a unique proposition by way of which, in case of death of the life insured, the Company will pay ` 1,00,000 within 48 hours of submission of all relevant claim documents, (provided policy being in force), if the life insured has completed two policy years from the date of issuance of the policy or the date of latest reinstatement. Subsequently, if the claim is settled, the balance Sum Assured (after adjusting the Family Care Benefit of ` 1,00,000) will be paid to the nominee.
Reward for Non-Smokers-:
Premium Discounts Available You will be eligible for reduced rates (as compared to smoker rates) if you are a non-smoker and you have applied for a sum assured in excess of ` 50,00,000.
Hassle-Free Buying-:
Now get the advantage of life insurance cover at the click of a button. Bharti AXA Life eProtect offers you convenience at your finger tips, as you can buy this term plan online to save the time and effort that would have been required otherwise.
Tax Benefits-:
You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time. ** Please refer terms and conditions for details on Family Care Benefit.
How does this product work?
■ You choose your cover (Sum Assured) and tenure of the cover (Policy
Term) as per your choice. The premium will be determined based on your
age as on last birthday, gender, Sum Assured, term option chosen by
you and your smoking habits.
■ The fixed policy term options available are 10, 15, 20, 25 and 30 years.
The Customized policy term options available are such that the policyholder
will receive life insurance coverage till the fixed chosen Cover Ceasing Age
of 60, 65, 70 and 75 years respectively. The policy term options available
will depend on maximum cover ceasing age under this product.
■ You can choose Annual or Semi-annual premium payment mode.
Semi-annual premium = 0.52 times of Annual premium.
In case of an unfortunate death of the Life Insured during the policy term
and provided the policy was in force at the time of death, the Company shall
pay an amount equal to the Sum Assured to the nominee, as mentioned in
the Policy. This Policy does not have any maturity benefits.
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