Why Choose Bharti AXA Life Smart Bima?
A comprehensive and flexible group term life insurance plan that includes a death benefit as well as the option of paying premiums in monthly instalments or as annual premiums.
- Small Premium Amount
Life Insurance coverage at a small premium amount.
- Premium Payment Options
Option of paying premium as annual premium or in monthly instalments.
- Hassle Free Process
Ease of buying as members do not need to undergo any medical examination and only need to give a declaration of good health.
- Range of Sum Assured
Choose Sum Assured from ₹ 5,000 up to ₹ 5,00,000 as per the group's requirement
- 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.
Hassle Free Insurance Coverage
Flexible Premium Payment Options
How Does the Plan 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).
Surrender of a policy happens if the Policyholder voluntarily decides to pre-close the policy before the date of maturity. In this case he will receive a Surrender Value, which is decided on the basis of number of premiums paid and is lower than Maturity Value in most cases, and the policy will be terminated.
**Tax benefits are in accordance to current tax laws that are subject to change from time to time.