Bharti AXA life Insurance is a joint venture undertaken by Bharti enterprises, a group having diversified businesses in the fields of telecom, agricultural business, financial services and retail and Axa group, headquartered at Paris with a stake of 74:26 respectively. Having launched in December 2006 Bharti Axa Life through its variety of insurance products and world class service has proved to be a leading insurance player in the country.
Traditional plans, also called Conventional Insurance Plans are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium is not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity or as money back. Traditional Investment Plans have some of the basic features which are mentioned below:
Bharti AXA Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits.
A participating endowment plan which offers the following features.
Eligibility Details:
Policy Term (years) |
Premium Payment Term (years) |
Minimum Age (years) |
Maximum Age (years) |
10 |
5 |
8 |
55 |
10 |
10 |
8 |
55 |
20 |
12 |
0 |
50 |
15 |
15 |
3 |
55 |
20 |
20 |
0 |
50 |
25 |
25 |
0 |
50 |
30 |
30 |
0 |
45 |
35 |
25 |
0 |
45 |
Bharti AXA Life Elite Advantage Plan: -
A comprehensive insurance plan offering the following benefits:
Eligibility Details:
Minimum Entry Age |
8 years for 10 year policy 6 years for 12 year policy |
Maximum Entry Age |
65 years |
Maximum Maturity Age |
75 years for 10 year policy 77 years for 12 year policy |
Policy Term |
10 and 12 years. |
Sum Assured |
Varies according to minimum premium. |
Annual Premium Amount |
Rs.24000 (5 years PPT) Rs.15000 ( 7 years PPT) Rs.12000 (12 years PPT) |
Premium Payment Term |
5 years for 10 year policy 7/12 years for 12 year policy |
Premium Payment Frequency |
Yearly, half-yearly, quarterly, monthly |
Bharti AXA Life AajeevanSampatti +: -
A traditional Endowment plan which has the following features:
Eligibility Details:
Minimum Entry Age |
91 days |
Maximum Entry Age |
60 years for up to 100 years policy term 50 years for up to 85 years policy term |
Maximum Maturity Age |
100 or 85 years as per the plan term |
Minimum Sum Assured |
Rs.50000 |
Premium Payment Term |
10 years and 15 years |
Premium Payment Frequency |
Yearly, half-yearly, quarterly, monthly |
Bharti AXA Life Monthly Income Plan+: -
A plan with the following benefits:
Eligibility:
|
Policy Term |
||
|
15 year |
20 year |
30 years |
Minimum Age |
3 |
0 |
0 |
Maximum Age |
65 |
60 |
50 |
Maximum Maturity Age |
80 years |
||
Minimum Monthly Income |
Rs.2000 |
Rs.1750 |
Rs.750 |
Minimum Sum Assured |
Rs.192000 |
RS.210000 |
Rs.135000 |
Minimum Premium |
Varies according to monthly income |
||
Premium payment term |
7 years |
10 years |
15 years |
Premium Payment modes |
Yearly, half-yearly, quarterly, monthly |
Bharti AXA Life Secure Income Plan:-
This plan has the following features:
Eligibility:
|
Policy Term |
||
|
15 year |
17 year |
20 years |
Minimum Age |
3 |
1 |
0 |
Maximum Age |
65 |
63 |
60 |
Maximum Maturity Age |
80 years |
||
Minimum Premium |
Varies according to the frequency of premium payment |
||
Premium payment term |
5years |
7 years |
10 years |
Premium Payment modes |
Yearly, half-yearly, quarterly, monthly |
Bharti AXA Life Flexi Save Plan:-
An insurance plan with the following benefits:
Eligibility:
|
Policy Term |
||
|
20 year |
25 year |
30 years |
Minimum Age |
8 |
3 |
0 |
Maximum Age |
65 |
60 |
55 |
Maximum Maturity Age |
85 years |
85 years |
85 years |
Premium payment term |
5years |
7 years |
12 years |
Flexi Benefit Period |
10-20 years |
15-25 years |
20-30 years |
Bharti AXA Life Secure Savings Plan: -
A plan offering the following benefits:
Eligibility:
|
Policy Term |
|
|
15 year |
20 year |
Minimum Age |
3 |
0 |
Maximum Age |
55 |
50 |
Bharti AXA Life Invest Once Plan: -
An plan with the following features:
Eligibility:
Minimum Entry Age |
8 years for 10 year policy 13 years for 5 year policy |
Maximum Entry Age |
55 years |
Maximum Maturity Age |
60 years for 5 year policy 65 years for 10 year policy |
Policy Term |
5 and 10 years |
Sum Assured |
Varies according to minimum premium. |
Minimum Annual Premium Amount |
Rs.5000 |
Maximum Annual Premium Term |
No Limit |
Premium Payment Frequency |
Single premium |
Bharti AXA Life Child Advantage Plan: -
An insurance plan with the following offerings:
Online
The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued
Intermediaries
Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.