Why Choose Bharti AXA Life Jan Suraksha?
A product mainly meant for micro-financial institutions offering small ticket loans to the self-employed individuals, NGOs or similar institutions working for development of the economically weaker sections of the society.
Protection for Your Group Members
Death benefit is paid in event of death of the life insured by the company to the beneficiary.
You can opt for a spouse cover along with this plan.
Pay a single lump sum payment for the entire year.
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 changes in tax laws from time to time.
How does the plan exactly work?
Insurance Jargon Explained
The payment made to a beneficiary upon the death of the insured person.
-- Whenever an unfortunate event happens, there is both emotional as well as financial loss. An insurance company helps you replace the financial/monetary loss through the Death Benefit, which helps maintain your family’s financial stability. This benefit includes both a guaranteed sum of money called as Sum Assured on Death and also the Accrued Bonuses, if applicable.
Insurance covering a number of people under a single policy, issued to their employer with whom they are working.
The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).
Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
**Tax benefits are in accordance to current tax laws that are subject to change from time to time.