Bharti AXA Life Elite Advantage Plan is a traditional non-participating Savings and Protection plan. The plan provides guaranteed annual payouts post maturity or death to take care of the family and also provides life insurance cover.
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
6 years |
65 years |
|
Maturity Age (Last Birthday) |
- |
77 years |
|
Policy Term (PT) in years |
10 or 12 |
|
|
Premium Paying Term (PPT) in years |
5 for 10 year term 7 / 12 for 12 year term |
|
|
Premium Paying Frequency |
Annual, half-yearly, quarterly |
|
|
Yearly Premium |
12,000 |
No limit |
|
Sum Assured |
Depends on the premium chosen |
|
Annual premium in Rupees for a term and PPT of 12 years
|
Age |
35 years |
|
Premium |
100,000 |
|
Sum Assured |
12,29,256 |
|
Guaranteed Annual Payout @ 9.5% of SA |
116,779 |
Grace Period: 30 days’ grace period is allowed for premium payment in all modes. If policyholder fails to make payment within the grace period, the policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2 or 3 full years’ premiums has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.
GSV = GSV Factor * cumulative annual premiums paid
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
