Bharti AXA Life Group Term Micro Insurance Plan

(UIN:130N099V01)
(ADVT NO:II-Aug-2020-2315)

A comprehensive group micro term insurance plan, which ensures your members/customers can stay peacefully without any worry about life’s eventualities. The plan provides the flexibility of two death benefit payout options to ensure adequate financial support.

4 Reasons to Buy

  • Low cost Insurance coverage: The plan provides insurance cover at low cost to a large group.

     

  • Death Benefit Payout Option: You have the flexibility to choose Death Benefit Payout option as Lumpsum or Lumpsum plus Monthly Income.
  • Flexible premium payment modes: Option of paying premium in single, annual, semi - annual, quarterly or monthly modes
  • Tax Benefits: You can enjoy Tax benefits on the Premiums paid and pay-out benefits received. The Tax benefits fall under Income Tax Act, 1961. They are subject to change as per change in tax laws from time to time.

Minimum Entry Age

18 years

Maximum Entry Age

69 years

Maximum Maturity Age

70 years

Minimum Sum Assured

Rs. 5,000

Maximum Sum Assured

Rs. 2,00,000

Policy Term

One Year Renewable Term: 1 year (Annually Renewable)

Fixed Policy Term:

  • Regular Pay: 2 – 5 years (Term will be in multiples of one year)
  • Single Pay: 1 month – 60 months (Term will be in multiples of one month)

 

Premium Payment Term

One Year Renewable Term/ Regular Pay/ Single Pay

Premium Frequency

Fixed Policy Term:

  • Single
  • Regular - Annual/ Semi-Annual/ Quarterly/ Monthly
One Year Renewable Term – Annual/ Semi-Annual/ Quarterly/ Monthly

 

Minimum Group Size

5 members