Bharti AXA Life Triple Health Insurance Plan
Triple Health Insurance Plan covers the insured person for up to three different Critical Illnesses listed in the policy, at the same time waives off all future premiums after the first claim. On contracting any of the 13 Critical Illnesses, after a survival period of 30 days or more, 100% of Sum Assured is payable. The plan is named triple health insurance as it pays up to a maximum of 3 times if the insured contracts Critical Illness more than once during the policy term.
Options in Bharti AXA Life Triple Health Insurance Plan
There are 2 options available in Bharti AXA Life Triple Health Insurance Plan. They are -
1. With Return of Premium
2. Without Return of Premium
What is covered in Bharti AXA Life Triple Health Insurance Plan?
§ If diagnosed with any illness listed in Group A – 100% of Sum Assured is paid to the insured
§ If diagnosed with any illness listed in Group B – 100% of Sum Assured is paid to the insured
§ If diagnosed with any illness listed in Group C – 100% of Sum Assured is paid to the insured
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100% Sum Assured Payable for illnesses listed in
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Group A
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Group B
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Group C
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Heart Attack
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Coma
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Cancer
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Stroke
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Multiple Sclerosis
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Benign Brain Tumor
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Paralysis
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Major Organ Transplant
(Liver / Lung)
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Major Organ Transplant
(Bone Marrow)
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Heart Valve Surgery
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Coronary Artery Bypass Graft Surgery
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Major Organ Transplant
(Kidney / Heart)
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Renal Kidney Failure
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Additional Benefits of Bharti AXA Life Triple Health Insurance Plan
§ Premiums remain unchanged for first 3 years
§ Surrender value given if ‘With Return of Premium’ option chosen
§ Flexible Sum Assured
§ Maturity and Death Benefit available on ‘With Return of Premium’ option
Eligibility and Restrictions of Bharti AXA Life Triple Health Insurance Plan
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Minimum
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Maximum
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Coverage Amount (in Rs.)
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2,00,000
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30,00,000
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Policy Term (in years)
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-
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15 years
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Entry Age (in years)
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18
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50
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Renewable till Age
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-
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65
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Payment modes *
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Monthly, Quarterly, Half-Yearly and Yearly
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*Payment only through ECS
Sample illustration of premium amount in Bharti AXA Life Triple Health Insurance Plan
The below premium illustration is for a male
Age - 25 years, 35 years and 45 years
Sum Assured - Rs 10 Lakhs
Option taken - Without Return of Premium
This plan offers tax benefits under Section 80D for the premiums paid under health insurance and under Section 80C for the premiums paid towards death benefit.
You are unable to pay the premium - If you do not pay the premiums within 30 days of grace period, then your policy will lapse. You can reinstate the policy by paying all due premiums with interest within 5 years.
You want to surrender the policy - Surrender value payable only under ‘With Return of Premium’ option. The policy acquires surrender value only if 3 yearly premiums are paid. At any point, Surrender Value is equal to 30% of all premiums paid (excluding first year’s premium).
Terms and Conditions of Bharti AXA Life Triple Health Insurance Plan
- There should be no pre-existing diseases while taking this plan
- First 90 days from policy inception or any subsequent reinstatement. If during this period if the insured contracts critical illness, he will not get the first claim
- For 2nd and 3rd claims, there would be a no benefit period of 365 days from the date of diagnosis of previous claim
- Minimum survival period of 30 days and longer survival period for specified illnesses
- Critical illnesses mentioned in the policy are only covered
- Company guarantees premium rates only for first 3 years, after which it can revise the premium
Alternate health insurance plans from other life insurance companies
LIC Jeevan Arogya
SBI Life Hospital Cash
IndiaFirst MoneyBack Health Plan - ULIP
Other Health plans from Bharti AXA Life
Bharti AXA Life Easy Health
