Bharti AXA Life Elite Secure Plan

Bharti AXA Life Elite Secure Plan is a non-participating pure term plan which enables the policyholder to provide protection to his family at affordable rates.

Key Features

It is a pure term insurance plan with regular pay premium paying option
The policyholder can be covered for 75 years of age

Benefits

The nominee gets the Sum Assured on death of the policyholder.
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	18 years	75 – term for 10/15/20/25 yrs. term 65 for 5 yr. term and ‘to age 75’ term
Maturity Age (Last Birthday)	-	70 / 75
Policy Term (PT) in years	10	25
Premium Paying Term (PPT) in years	Equal to policy term
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Yearly Premium	Depends on Sum Assured and term chosen
Sum Assured	25,00,000	No limit

Details About Premium

Annual premium in Rupees

Sum Assured	Entry Age/Term	5 years	10 years	15 years	20 years	25 years	Up to age 75 years
25 lakhs	30	3925	3925	4150	4400	5100	9825
	40	5750	6400	7350	8775	10,475	15,200
	50	11,400	13,800	16,700	20,150	24,725	24,725
50 lakhs	30	7100	7100	7500	7950	9200	17,850
	40	10,400	11,800	13,700	16,350	19,550	28,200
	50	21,100	26,050	31,550	38,150	46,550	46,550
1 crore	30	12,200	12,200	13,100	14,200	17,200	33,800
	40	18,700	21,200	25,800	31,000	37,300	54,200
	50	40,200	49,300	60,300	73,200	90,100	90,100

Policy Details

Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days in other modes. If policyholder fails to make payment within the grace period, the policy lapses
Policy Termination or Surrender Benefit: there is no Surrender Value under the plan
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.

Additional Features or Riders

Riders are available for a comprehensive coverage

Exclusions

In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.

Documents Required

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.