Bharti AXA Life
POS Saral Bachat Yojana

 

Let’s take a look at this case study

 

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 Benefits.
• Comprehensive Protection in event of death with additional cover in case of death due to accident.