Bharti AXA Life eProtect Term Insurance Plan
Bharti AXA Life eProtect Plan is a vanilla Term Plan for high sum assured of Rs 25 lacs and more. This is a Traditional Plan without Bonus facility which can be purchased online.
How it works – In this plan, premium needs to be paid till the end of the Policy Term as chosen. There is no Maturity Benefit in this plan. However, if the Life Insured dies within the Policy Tenure, then the Sum Assured is paid as Death Benefit to the nominee and the policy would be terminated. This plan is purely for protection purpose.
Key Features of Bharti AXA Life eProtect Term Insurance Plan
- It is a pure Term Insurance Policy with Death Benefit
- This plan has only Death Benefit and no Maturity Benefit
- The minimum Sum Assured is Rs 25 lacs
- This plan has the Family Care Benefit option, where a cheque of Rs 1 lac is paid immediately within 48 hours of claim submission to take care of immediate expenses before verification
- This policy offers reduced premium for non-smokers policyholders
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Benefits you get from Bharti AXA Life eProtect Term Insurance Policy
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 Life eProtect Plan
Sum Assured (in Rs.)
Policy Term (in years)
Premium Payment Term (in years)
Equal to policy term
Equal to policy term
Entry Age of Policyholder (in years)
60 Years (– ) Policy Term
Age at Maturity (in years)
Premium (in Rs.)
Yearly and Half-Yearly only
Sample illustration of premium amount in Bharti AXA Life eProtect Plan
The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 1 crore and Policy Term = 20 years
Additional Features & Benefits of Bharti AXA Life eProtect Term Insurance Policy
Riders – There are no additional riders available with this plan
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.
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