Bharti AXA Life Group Credit Protection Pro

(ADVT NO: II-Sep-2021-3153)

A comprehensive group credit protection plan is an easy way to safeguard you & your family from loan liabilities and provides financial stability in the face of life’s unforeseen exigencies.

5 reasons to buy

  • Multiple benefits - The policy offers multiple benefit options such as a cover for Terminal Illness, Critical Illness, Accidental Total & Permanent Disability and Accidental Death.
  • Choice of cover - It offers flexibility to choose between Level cover or Reducing cover.
  • Loan Moratorium period - Coverage for loans with moratorium period ranging from 1 month to 10 years
  • Rebates on premium - Exclusive premium rebate for women lives and joint borrowers.
  • Extra Protection – Offers option to cover 125% of loan amount.

All customers of the Master Policyholder who satisfy the following conditions or within the conditions defined by the Master Policy holder (MPH) will be eligible for coverage under this product.

Plan at a Glance

Parameter Eligibility Criteria
Minimum age at entry
(Age last birthday)
14 years, for Education Loans only
18 years, for all other Loan types and other benefit options
Maximum age at entry
(Age last birthday)
75 years – For basic death benefit option
74 years – For accelerated terminal illness benefit
64 years – For other benefit options
Maximum Age at Maturity
(Age last birthday)
80 years
In case of Joint Life coverage, maximum coverage term will be 80 years less the age of the older member.
Premium Payment Term Single Premium
Policy Coverage Term

The policy term for different benefit options are as follows -

Type of Benefit Minimum Coverage Term Maximum Coverage Term
Basic Death Benefit 1 month 30 years
Accelerated Critical Illness Benefit 1 year 5 years
Accelerated Terminal Illness Benefit 1 Years 30 Years
Accelerated Accidental Total and Permanent Disability (ATPD) Benefit 1 Years 30 Years
Accidental Death Benefit 1 Years 30 Years

The Coverage term shall be consistent with loan tenure. The members shall be able to choose the coverage term lower than loan tenure as per their requirement

Moratorium Cover 1 month - 10 years