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Bharti AXA Life
Loan Secure

A Non-Linked, Non-Participating Group Life Insurance Plan

(UIN: 130N054V04)(ADVT No. II-Jul-2022-4101)
A Non-Linked, Non-Participating Group Life Insurance Plan


Why Choose Bharti AXA Life Loan Secure?

It is a comprehensive group credit protection product that safeguards your family on occurrence of an insured event, by paying an amount to settle your outstanding liability in case of unfortunate event.

  • Death Benefit

    Your family members will not be burdened in case of your untimely death, Loan Secure will protect your family from the trouble of repaying your insured liabilities in case of an insured event.

  • Continuance of Insurance Cover

    Loan Secure provides you the option to continue your insurance cover even if your liability ceases to exist. The death benefit will be paid to your beneficiary as per your original repayment schedule in case of an eventuality. This option will be available only if a single life is covered.

  • Easy to Sign Up

    The enrolment process is quick and easy. You need to fill and sign the Self Filled Questionnaire cum Enrolment form. You may not require a medical check-up if your proposed coverage is lesser than the underwriting limits defined for your age.

  • 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

Death Benefit

Multiple Sum Assured Options

Joint Life Coverage

Convenient Premium Payment

Tax Benefits**

How Does the Product Work?


  • Your insurance coverage term will correspond to the loan term (between 2 years to 30 years) at the inception of insurance cover. Loan Secure provides the option to cover sum assured on reducing basis & level + reducing basis.
  • In case of the unfortunate event of death of the Life Insured during the Coverage Term, Bharti AXA Life shall pay the Death Benefit to the beneficiary.
  • In case the coverage is for Joint life, then the Death Benefit will be payable on the first death of the either of the Joint Life/s and the cover under the Policy will cease immediately. The surviving borrower/s will be eligible for surrender value, as per the applicable surrender value factor.
  • On survival of the Life Insured beyond the Coverage Term, the Coverage under the master policy with the policyholder will be terminated and no benefit will be payable to the Life Insured or the Policyholder.


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.


Insurability refers to all conditions pertaining to individuals seeking insurance; that affect their health, susceptibility to injury and life expectancy; an individual's risk profile.


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 subjected to change from time to time.