Triple Health Insurance Plan, a truly unique critical illness policy, is the latest offering from Bharti AXA Life Insurance Company.
This plan offers cover of a maximum of 3 times the sum assured during the entire policy term. It covers up to 13 critical illnesses that are classified in to 3 groups. On contracting any of the specified critical illnesses like heart attack, stroke, paralysis, major organ transplant; 100% of sum assured is payable.
Additional benefit of this plan is that on diagnosis of the first critical illness, future premiums are waived off, while the policy continues for the remaining policy term.
Bharti AXA Life Triple Health Insurance Plan can be purchased by individuals who do not have any pre-existing diseases. The policy term available is for 15 years with monthly, quarterly, half-yearly and yearly premium payment modes which can be paid only through ECS.
Click here to read our expert detailed review of Bharti AXA Life Triple Health Insurance Plan
The minimum sum assured starts at Rs 2 lakhs whereas the maximum sum assured that one can opt for is Rs 30 lakhs. This is a high benefit sum assured critical illness policy, allowing customers to cover heavy expenses that may arise in the future.
There are two options available in Bharti AXA Life Triple Health Insurance Plan:
. Without return of premium option
. With return of premium option
The premium rates for ‘with return of premium’ option is much higher than for ‘without return of premium’ option. The reason for this is that Maturity Benefit and Death Benefits are available with the return of premium option.
Commenting on the launch of Triple Health Insurance Plan, Bharti AXA Life Insurance Company CEO, Sandeep Ghosh said, “In case of being diagnosed with a critical illness, the family income is the first to be hit. While there are additional expenses in terms of medical costs, the policyholder’s income earning capability is also affected. Bharti AXA Life Triple Health Insurance Plan is designed to not only financially protect the policyholder, but also act as an income replacement in such trying times.”
