Bharti AXA Life Elite Secure Insurance Plan
Bharti Axa Life Elite Secure is a vanilla Term Plan for high sum assured. Bharti AXA Elite Secure Plan is a simple term plan where the nominee would get the Sum Assured as the Death Benefit if the Life Insured dies within the policy tenure. However, if the Life Insured survives the entire policy term, then there is no Maturity Benefit that is paid to the policyholder. This plan is purely for protection purpose.
Key Features of Bharti AXA Elite Secure Plan
· It is a pure Term Insurance Policy with Death Benefit
· Long Term cover available till the age of 75 years
· Additional Accidental Death and Disability Benefit Rider and Critical Illness Benefit Rider available
Benefits you get from Bharti AXA Elite Secure Plan
Death Benefit – In case of death of the life insured, the nominee gets the sum assured under the plan
Maturity Benefit – There are no maturity benefits under this plan.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C
Eligibility conditions and other restrictions in Bharti AXA Elite Secure Plan
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Minimum
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Maximum
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Sum Assured (in Rs.)
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25,00,000
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No Limit
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Policy Term (in years)
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5
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57*
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Premium Payment Term (in years)
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Equal to policy term
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Equal to policy term
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Entry Age of Policyholder
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18
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65*
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Age at Maturity
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-
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75*
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Single premium (in Rs.)
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NA
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NA
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Payment modes
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Yearly, Half-Yearly, Quarterly and Monthly
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*Maximum age and term limits are applicable for only selected individuals
Sample illustration of premium amount in Bharti AXA Elite Secure Plan
The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years
Additional Features and Benefits of Bharti AXA Elite Secure Plan
Riders – There are 2 riders available with this plan
1. Accidental Death and Disability Benefit Rider and
2. Critical Illness Benefit Rider
You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period of the unpaid premium due date. It can however be re-instated within 2 years of lapsation by paying up all due premiums with interest.
You want to surrender the policy – There are no surrender benefits under this term plan.
You want a loan against your policy – Loan facility is not available under this policy.
Alternate elite term plans from different insurance companies
Max New York Life Platinum Protect
LIC Amulya Jeevan
Aviva iLife
India First Anytime Plan
Other term insurance plans from Bharti AXA Life Insurance
Bharti AXA Secure Confident
