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.

• It is a pure term insurance policy

• Offers additional benefits like Accidental Death and Disability Benefit Rider and Critical Illness Benefit Rider 

• Death Benefit – In case of death of the life insured, the nominee gets the sum assured under the plan
• Maturity Benefit – 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.
• Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 10 lakhs and Policy Term = 25 years

Riders – There are 2 riders available with this plan

1. Accidental Death and Disability Benefit Rider and

2. Critical Illness Benefit Rider

• 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.