Bharti AXA Life Elite Secure
Bharti Axa Life Elite Secure is a vanilla Term Plan for high sum assured. Bharti AXA Elite Secure Plan is a simple term 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 with Death Benefit
Long Term cover available till the age of 75 years
Additional Accidental Death and Disability Benefit Rider and Critical Illness Benefit Rider available
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
Eligibility
Minimum | Maximum | |
Sum Assured (in Rs.) | 25,00,000 | No Limit |
Policy Term (in years) | 5 | 57* |
Premium Payment Term (in years) | Equal to policy term | Equal to policy term |
Entry Age of Policyholder | 18 | 65* |
Age at Maturity | - | 75* |
Single premium (in Rs.) | NA | NA |
Payment modes | Yearly, Half-Yearly, Quarterly and Monthly |
FAQs
If the policyholder 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.
There are no surrender benefits under this term plan.
Loan facility is not available under this policy.