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:

Details About Premium

Annual premium in Rupees

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.