Bharti AXA Life Elite Secure Plan
Introduction/Overview
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.
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