Bharti AXA Life Traditional Plans

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.

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What are Traditional / Investment Plans

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:

  • These plans are issued for a longer term perspective and money cannot be withdrawn from the plans.

  • In case of stopping the premium payment, the plan becomes paid-up if at least three full years’ premiums have been paid. A paid-up plan has a reduced Sum Assured and the policyholder has a choice to either run the plan at the reduced coverage or surrender the plan.

  • The plans may be offered as participating or non-participating plans. Participating plans are entitled to participate in the company’s profits and earn bonuses which are not true for non-participating plans.

  • The plans may be issued either as Endowment Plans or Money Back Plans

Bharti AXA Life Traditional / Investment Plans

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.

Bharti AXA Life Samriddhi:-

A participating endowment plan which offers the following features.

  • Offers non-guaranteed bonuses at the time of maturity or death.

  • In case of death, Basic life insurance cover along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is given to the nominee of the plan

  • In case of death, higher of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

  • On maturity, the Sum Assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is paid to the policyholder.

  • Offers flexible premium payment terms in the form of limited premium payment term, whereby, the premium has to be paid for 5 or 12 years, along with a policy  term of 10 or 20 years; and a regular premium payment term, whereby, the premium can be paid for 10, 15, 20, 25, 30 and 35 years.

  • Tax benefit is available on the premium paid and the claim received. The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Ac

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:

  • On maturity, the Sum Assured along with guaranteed payouts up to 8.50% to 9.50% is paid to the policyholder.

  • In case of death, higher of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

  • Offers a flexible premium payment of 5, 7 and 12 years.

  • Tax benefit is available on the premium paid and the claim received. The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

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:

  • Guaranteed Additions accrue under the plan for each completed policy year which depends up on the policy tenure. The rate of these additions is 5.5% of the Sum Assured for policy tenure up to 100 years and 6% of the Sum Assured for policy tenure up to 85 years.

  • In case of death, higher of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

  • On maturity, the Sum Assured is paid to the policyholder.

  • Tax benefit is available on the premium paid and the claim received. The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

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:

  • Offers regular monthly income post completion of the premium payment term.

  • On maturity or death, the Sum Assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is paid to the policyholder or to the nominee of the plan.

  • In case of death of the plan buyer, a certain percentage of monthly payout in addition to the payouts being made prior to the death is given to the nominee. The percentage of the payout depends upon the term of the policy chosen.

  • Offers additional premium discounts in case of high regular income option.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received 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:

  • Offers guaranteed monthly income along with sum assured and guaranteed additions at the time of maturity.

  • The monthly income to be earned is tax free and is issued @8% of the sum assured for a period of 10 years.

  • Guaranteed Additions accrue under the plan for each completed policy year which depends up on the policy tenure. The rate of these additions is 7% of the Sum Assured for policy tenure of 15 years, 8.5% of the Sum Assured for policy tenure of 17 years and 10% of the Sum Assured for policy tenure of 20 years.

  • In case of death of the plan buyer, a certain percentage of monthly payout in addition to the payouts being made prior to the death is given to the nominee. The percentage of the payout depends upon the term of the policy chosen.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

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:

  • Allows for withdrawals of savings before maturity.

  • Offers non-guaranteed simple reversionary bonuses at the time of maturity or death.

  • In case of death, higher of the Sum assured or a multiple of the annual premium is paid including the non-guaranteed accrued bonuses and terminal bonuses, if any subject to a minimum of 105% of all premiums paid till the date of death is paid.

  • Offers guaranteed monthly income along with sum assured and guaranteed additions at the time of maturity.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received 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:

  • Offers guaranteed sum assured and guaranteed additions at the time of maturity.

  • In case of death, higher of the Sum assured or 10 times of the annual premium is paid including the non-guaranteed accrued bonuses and terminal bonuses, if any subject to a minimum of 105% of all premiums paidtill the date of death along with guaranteed additions amounting up to 10% of the sum assured is paid.

  • Tax benefit is available on the premium paid and the claim received. The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

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:

  • Guaranteed Additions accrue under the plan for each completed policy year which depends up on the policy tenure. The rate of these additions is 7% of the Sum Assured for policy tenure of 5 years and 9% of the Sum Assured for policy tenure of 10 years.

  • Offers a flexibility of two policy terms of 5 and 10 years to choose from.

  • Offers enhanced life coverage at additional premium.

  • In case of death, higher of the Sum assured chosen by the policy holder or sum assured on maturity or 125% or 110% of single premium plus mortality of the sum assured is paid.

  • Offers guaranteed sum assured along with guaranteed total additions at the time of maturity.

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:

  • Offers moneyback as well as endowment options.

  • In case of death of the plan buyer, future premiums are waived off.

  • In case of death, higher of the 110% of the sum assured for money back options and 125% of the sum assured for endowment options or 11 times of the annual premium is paid including the guaranteed benefits, if any subject to a minimum of 105% of all premiums paid till the date of death.

  • Offersnon-guaranteedsimple reversionary bonus along with guaranteed additions at the time of maturity.

  • Can be availed as a limited pay option or regular pay option.

Applying for a Traditional / Investment Plan from the company:

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.

Applying For Traditional Insurance through PolicyBazaar

  • On the PolicyBazaar homepage, click on Traditional Insurance under the Personal tab.

  • Click New Quotes to compare and choose from top insurance providers.

  • Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.

  • Fill in your name, email address, city, country code, and mobile number. Click Continue.

  • You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.

  • After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.

  • You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.

  • This will take you to the insurer’s website. Fill in the necessary details to buy the plan.

Investment Plan
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Investment Plan 2
Average Rating
(Based on 26 Reviews)
Investment Plan 3

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Bharti AXA Life Traditional Plans Reviews & Ratings

4.4 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Manish
Kalyanpur, October 18, 2016
Investment policy
As everyone is aware of insurance policies and its benefits but is hard to choose from lot of insurers. I have purchased traditional plans from bharti axa life insurance. Services are the best and the customers are assisted by the executives 24X7.
Sanjay
Bilaspur, September 27, 2016
Perfect Insurance Policy
My traditional insurance plan is best, I purchased it from bharti axa life insurance company. The online portal is very easy to operate and renewals can be done easily. Coverage is high and claims are high but the premium is less as the investment is also less.
Naveen
Rewari, July 15, 2016
Traditional Plan
I purchase traditional insurance plan which comes in low investments. Thanks bharti axa life insurance for the best policy which has very nice terms and conditions. Service is best and online service easy to operate which reduces paperwork. Claiming is simple and policy coverage is about 90%.
Taara
Nawada, July 05, 2016
Insurance Policy
Traditional insurance plan which i have is normal one. It has low investment and returns are also less. Company facilitate good customer service and even the online portal provide renewals and updates of the policy.
Hemant
Kaushambi, June 27, 2016
Good
The traditional insurance plan I have is great which come's in low premiums. The policy coverage is high and claims are easy to sanctioned due to fast service provided by the company members. Updates are mailed to my email address regularly. Good future investment.
Kunal
Delhi, March 29, 2016
Superb Traditional Plan
Superb policy by bharti axa traditional insurance policy plan. The returns are very good ~Rs.31 L in very low premiums ~Rs.21 K quarterly per year. Service is fast facilitate by executives and all company members with nice behaviour and quick response. I like my policy.
Mankaran
Pune, March 29, 2016
High Returns In Low Premium
Bharti axa life insurance is one of the best insurance company. I took traditional insurance policy plan which provide me best service and good returns. The premiums are low and the policy coverage is 98% with high claims. The behaviour is good from executives and staff members. Nice insurance plan.
Mukul
Gangtok, March 29, 2016
Quality Investment
I invest my money in bharti axa traditional insurance policy plan. The policy coverage is good ~94% and the claims are high. The premiums are low ~25 K quarterly per year. Paybacks are really very good Rs.27 L. Good investment and tax saver policy plan.
Savita
Indore, March 29, 2016
Easy Returns
Bharti axa traditional insurance policy plan is good and very responsive. The paybacks are good and easily done because the services are good provided by the executives. The premiums are low. Good future investment which saves taxes also. Nice policy plan.
Ishita
Jammu, March 29, 2016
Very Good
I have bharti axa traditional insurance policy plan. The policy coverage is 82% and the claims are high. The premiums are low and the paybacks are high. The services are very good and always on time. The executives and staff members behave well and they solved every problem.
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