Bharti AXA Life Elite Secure Plan

*Please note that the quotes shown will be from our partners

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

  1. 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.