Bharti AXA Life Flexi Save Plan

Introduction/Overview
Bharti AXA Life Flexi Save Plan is a traditional participating savings plan
which builds a customized corpus which can be utilized any time as per requirement and also provides the benefit of life insurance cover

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  • Peaceful Post-Retirement Life

  • Tax Free Regular Income

  • Wealth Generation to beat Inflation

In-built life cover
Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000
Get the best returns & make the most of your Golden years
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26.4 Million
Policies Sold

Key Features

  • It is a participating plan with premium payment option
  • The policy term chosen can be changed in the sense that the maturity date can be pre-ponded if required subject to the following time period

PPT

5 pay

7 pay

10 pay

 

Anytime between the end of 10 – 20 yrs.

Anytime between the end of 15 - 25 yrs.

Anytime between the end of 20 – 30 yrs.

  • Once the policy acquires the flexi benefit, surrender is not required as the full Maturity benefit can be partaken anytime

Benefits

  • On maturity, the basic SA along with the aggregate bonuses and Terminal Bonus, if any, is paid to the policyholder
  • On death of the policyholder , higher of the basic SA plus vested Bonuses including Terminal Bonus or 11 / 7 times the annual premiums or 105% of premiums paid till death is payable
  • 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)

0 years

65 years

Maturity Age (Last Birthday)

-

85 years

Policy Term (PT) in years

20, 25 or 30

Premium Paying Term (PPT) in years

5, 7, 12 respectively

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

15,000

No limit

Sum Assured

Depends on the premium chosen

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Details About Premium

Annual premium in Rupees for a term of 20 years and PPT 5 years

Age

35 years

Premium

30,000

Sum Assured

169,943

Accrued bonus + Terminal Bonus @ 4%

132,300

Total Maturity Benefit

302,243


Policy Details

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 /3  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 including the GSV of Vested Bonuses

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

  • Discount in premium for premiums of Rs. 1 lakh and above
  • Bharti AXA Life Hospi Cash Rider is available under the plan

Inclusions

  • Loans @ 70% of the Surrender Value can be availed

Exclusions

  • In case of suicide committed within 12 months of policy inception only premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid

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.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Secure Your Retirement Today
Start Investing ₹6,000/month
Get Pension ₹60,000/month+
Including Life Cover
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Bharti AXA Life Flexi Save Plan Reviews & Ratings

4.4 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Raghav
Hyderabad, October 18, 2016
Bharti insurance company
The decision of buying pension plan is very much positive which is proved by giving great services by bharti axa life insurance policy. Service facilitate by the executives and staff members of the insurance company is fast and on time.
Harminder
Dapoli, August 25, 2016
Nice Policy
The insurance policy i have is very good with great benefits. Policy coverage is high and claiming is very easy because of the service given by the executives and staff members is very fast and on time. The updates and renewals are done through online portal of the company website.
Gautam
Kurukshetra, August 17, 2016
Retirement plan
My future is secure with bharti axa pension plan. The investment is less but the returns are very good. Premiums are low and the policy coverage is high approx.89%. Service is fantastic and online renewals are possible through online portal.
Prabhu
Dharakote, July 15, 2016
Claims Are Good
I have pension plan which i buy from bharti axa life insurance. The policy is very nice which has low premiums. Policy coverage is high and claims are the best. Claiming is easy because of fast service facilitate by the staff of the insurers.
Lokesh
Darjeeling, July 05, 2016
Pension Plan
Pension insurance policy i buy last month which is very good policy coverage and the great thing is the premiums are very less. Service is so quick and hassle free documentations. The web service provide easy renewals and updates regarding insurance policy.
Sandeepa
Bangalore, June 27, 2016
Fine Insurance Plan
The pension plan I have is perfect policy. The premium is low and claims are high which is easy to sanctioned due to fast service because of the company members. Updates are mailed to me regularly and the internet service is fantastic, easy to access. The documentation become hassle free due to web.
Kunal
Delhi, March 29, 2016
"Damn Good"
I purchase bharti axa pension policy plan. The policy is really very nice with its many benefits. The policy coverage is approx. 97% and the claims are around minimum 15 L before policy get mature and after the time period ends the final amount is ~Rs.90 L. The services are very fast and the behaviour of the executives and staff members are nice. Very responsive for any query or help.
Yogesh
Jalandhar, March 29, 2016
Excellent Policy Plan
Service is bit slow but the work is completed. Claims are good and the policy coverage is high around 93%. Premiums are normal ~30 K thrice per year and the returns are Rs.35 L after policy get mature. Awesome pension policy plan which i buy from bharti axa life insurance.
Rahul
Shikarpur, March 29, 2016
Fantastic
I'm Securing my future by investing my money with bharti axa life insurance pension policy plans. The best investment according to me, the policy covers 89% and the claiming is easy due to fast services provided by the executives and staff members. The policy saves tax too. Nice future investment.
Sandeep
Indore, March 29, 2016
Super Plan
The pension policy plan i bought from bharti axa life insurance is great. The policy coverage is 82% and the claims are of Rs.45 L after the policy ends. The investment is low approx. Rs.23 K thrice per year. The services are nice which provided by the company. Nice future savings which saves taxes also.
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