Bharti AXA Life POS Saral Bachat Yojana
(UIN:130N090V02)
(ADVT NO:II-Dec-2019-2010)
A quick and easy to buy plan that helps you save for future needs and also provide financial backup to secure your family’s future in case of an unfortunate death.
4 Reasons to Buy
- Flexibility in Policy Term/Premium Payment Terms: Flexibility to choose from 5 combinations of policy terms and premium payment terms.
- Comprehensive Protection Plan: Life Insurance cover in case of death and 2X Life Insurance cover in case of death due to accident.
- Savings through Maturity Benefit: At the end of your policy term, you will get Sum Assured on Maturity provided all due premiums have been paid and policy is in-force.
- Tax benefits: You may be eligible for the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions.
Plan Details
How does the Product work?
Ajay, 35 years old is looking for a simple plan with good returns that helps him get guaranteed protection as well as lump sum payout that can be utilized for future expenses and also to shield his family in the event of his death.
Ajay decides to purchase Bharti AXA Life POS Saral Bachat Yojana for a policy term of 10 years for which the premium payment term is 5 years.
He decides to pay a premium of Rs. 1,500 per month (exclusive of taxes) for 5 years.
Let us look at the benefits that Ajay would receive
| Benefits Payable | End of Policy Year | Maturity Benefit = Sum Assured on Maturity |
|---|---|---|
| Maturity Benefit | 10th Year | ₹ 1,27,617 |
In case of Ajay’s death during the policy term, his family would receive benefits as given below
| Benefits Payable | Death Benefit |
|---|---|
| Death Benefit* (other than death due to Accident) | ₹ 1,90,311 |
| Death Benefit^ (death due to Accident) | ₹ 3,80,622 |
- * There is a waiting period of 90 days. During this period, 100% of premiums paid till the date of death (excluding any taxes) will be payable as Death Benefit.
- ^ No waiting period is applicable in case of death due to Accident.
Needs Met:
- By making a small monthly payout, Ajay has been able to accumulate his savings which he will get through the Maturity Benefit.
- Comprehensive Protection in event of death with additional cover in case of death due to accident.
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Minimum age at entry |
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Maximum age at entry |
55 years for 10-year Policy Term |
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Maximum age at Maturity |
65 years, age last birthday for all Policy Terms |
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Policy Term & Premium Payment Term |
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Minimum Sum Assured (₹) |
The minimum Sum Assured is as per maximum age at entry |
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Maximum Sum Assured (₹) |
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Minimum Premium (₹) |
The minimum premium is Rs 2,375 per annum for all ages and Premium Payment Term / Policy Term combinations. The applicable taxes will be collected separately along with the premium collection. |
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Maximum Premium (₹) |
The Maximum premium will be as per the Maximum Sum Assured and Maximum age at entry for the respective policy terms. The applicable taxes will be collected separately along with the premium collection. |
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Premium Payment Modes |
Annual, semi-annual, quarterly* & monthly* |
*Through auto pay only
and 
used belong to the Bharti Enterprises (Holdings) Private Ltd. and AXA SA respectively and are used by Bharti AXA Life Insurance under license.