Bharti AXA Life eProtect
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.
Key Features
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 premiums for non-smokers policyholders
Benefits
In case of death of the life insured, the nominee gets the sum assured under the plan
There are no maturity benefits under this plan.
Life Insurance premiums paid up to Rs.1,50,000 are allowed as a deduction from the taxable income each year under section 80C
How it works
Eligibility
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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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10
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30
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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 (in years)
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18
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60 Years (–) Policy Term
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Age at Maturity (in years)
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-
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60
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Premium (in Rs.)
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NA
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NA
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Payment modes
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Yearly and Half-Yearly only
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FAQs
What happens if 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.
What happens if You want to surrender the policy?There are no surrender benefits under this term plan.
What happens if You want a loan against your policy?Loan facility is not available under this policy.
