Bharti AXA Life Group Credit Protection Pro
(UIN:130N105V01)
(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 |
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| 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 |
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| 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. |
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| Premium Payment Term | Single Premium | ||||||||||||||||||
| Policy Coverage Term |
The policy term for different benefit options are as follows -
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 |
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| Moratorium Cover | 1 month - 10 years |
and 
used belong to the Bharti Enterprises (Holdings) Private Ltd. and AXA SA respectively and are used by Bharti AXA Life Insurance under license.