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Bharti AXA Life
Jan Suraksha

One Year Renewable Term Group Life Insurance Plan

(UIN: 130N040V02)(ADVT No. II-Jul-2022-4085)
One Year Renewable Term Group Life Insurance Plan


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.

  • Spouse Cover

    You can opt for a spouse cover along with this plan.

  • Single Premium

    Pay a single lump sum payment for the entire year.

  • 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 changes in tax laws from time to time.

Key Benefits

Spouse Cover

Single Premium

Group Protection

Tax Benefits**

How does the plan exactly work?


Parameter Eligibility Criteria

Age at entry

18 - 59 years (age as on last birthday)

Maximum cover ceasing age

60 years

Min Coverage

Rs. 2,000

Max Coverage

No limit, subject to underwriting

Coverage Term

1 year.

Maximum Coverage

As per underwriting norms applicable for the group.

Insurance Jargon Explained

Death Benefit

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.

Group Insurance

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

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.