Why Choose Bharti AXA Life Unit Linked Employee Benefits Plan?
A simple, low cost, one-year renewable group term product designed for co-operatives, institutions and NGO’s operating in rural and social sectors.
- Multiple Fund Options
Multiple fund options with fund management charge of only 0.55% p.a. The plan lets you choose from 4 fund options with different risk-return potential and option to switch between those Funds depending on your investment strategy without incurring any charges for switch.
- Separate Funds for Gratuity and Leave Encashment Benefits
Get an opportunity to set up a separate fund for gratuity and leave encashment benefit.
- Possible Loyalty Additions
If the Policy is in force, Loyalty Additions will be credited to the Policy on each Policy Anniversary and will accrue at the beginning of the Policy Year.
- Life Insurance Cover
A life insurance cover of ₹ 5,000 for all members under Leave Encashment and Gratuity will be payable to the beneficiary in case of unfortunate death.
Multiple Fund Options
Life Insurance Cover
Leave Encashment Benefit
Possible Loyalty Additions
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 of sum assured to the insured person which becomes due in instalments under a money back policy.
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 the current tax laws that are subject to change from time to time.