Bharti AXA Life eProtect

Bharti AXA Life eProtect Term Insurance Plan

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 of Bharti AXA Life eProtect Term Insurance Plan

• 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 premium for non-smokers policyholders

Benefits you get from Bharti AXA Life eProtect Term Insurance Policy

• Death Benefit – In case of death of the life insured, the nominee gets the sum assured under the plan
• Maturity Benefit – There are no maturity benefits under this plan.
• Income Tax Benefit - 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 conditions and other restrictions in Bharti AXA Life eProtect Plan

Sample illustration of premium amount in Bharti AXA Life eProtect Plan

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 1 crore and Policy Term = 20 years

Additional Features & Benefits of Bharti AXA Life eProtect Term Insurance Policy

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.
• You want to surrender the policy – There are no surrender benefits under this term plan.
• You want a loan against your policy – Loan facility is not available under this policy.