Bharti AXA Life Secure Confident
Bharti Axa Secure Confident is a pure term insurance 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
It is a pure term insurance policy
Offers additional benefits like Accidental Death and Disability Benefit Rider and Critical Illness Benefit Rider
Benefits
In case of the death of the life insured, the nominee gets the sum assured under the plan.
There is no maturity benefit under this plan. So if the policyholder survives through the term of the policy, there is no money paid back.
Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C
Accidental Death and Disability Benefit Rider and
Critical Illness Benefit Rider
Eligibility
| Minimum | Maximum | |
| Sum Assured (in Rs.) | 5,00,000 | 24,99,999 |
| Policy Term (in years) | 5 | 25 |
| Premium Payment Term (in years) | Equal to policy term | Equal to policy term |
| Entry Age of Policyholder | 18 | 55 |
| Age at Maturity | - | 60 |
| Single premium (in Rs.) | NA | NA |
| Payment modes |
Yearly, Half-Yearly, Quarterly and Monthly |
|
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.
