Learn and Be Smart!

All you want to know about life insurance

alt image
alt text
most popular

5 Important Tips for Better Financial Planning

2:46 Min Read Time | Dec 2, 2020

alt text

What is the Best Insurance Plan for me

3 Min Read Time | Mar 25, 2020

alt text

Demystifying Traditional Insurance Plans

3 Min Read Time | Nov 2, 2018

Colours of life with Bharti AXA

alt image

Useful insurance guides

Term Insurance Benefits2:56 Min Read Time
1 Crore Term Insurance2:34 Min Read Time

Insurance jargon explained

Term Insurance

A basic insurance plan which provides a lump sum amount to the family of the person who is insured in case of his/her unfortunate death.

Sum Assured

Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).

Annualised Premium

Annualised premium is the sum of all the premiums required to be paid by the Policyholder during the year. For example If the monthly premium to be paid is ₹ 1,000, annualised premium would be ₹ 1,000 (monthly premium) *12(number of months) = ₹ 12,000