Bharti AXA Life
POS Saral Bachat Yojana

In case the Life Insured survives till maturity and all due premiums have been paid till the date of maturity, Maturity Benefit will be payable to the Policyholder as Sum Assured on Maturity equal to the chosen Sum Assured.

• Death Benefit (other than death due to Accident)
  During Waiting period of 90 days: In case of the death (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100% of premiums paid till the date of death, exclusive of applicable taxes.


• Death Benefit (other than death due to Accident)
  After Waiting period of 90 days: In case of unfortunate event of death (other than due to Accident) of the Life Insured during the policy term after the expiry of Waiting period of 90 days, the Sum Assured on Death will be payable to the nominee where the Sum Assured on Death is highest of :
  • 11 times annualized premium*
  • 105% of all premiums paid as on date of death
  • Absolute amount assured to be paid on death equal to the sum assured under the policy
  • Sum assured on maturity, equal to Sum Assured under the Policy

*Annualised Premium does not include taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

The maximum Sum Assured on Death, irrespective of number of Policies, is capped to Rs. 10 Lakhs per life

• Death Benefit (death due to Accident)
  No waiting period is applicable: This is an in-built cover under this Plan where in case of Accidental death of the Life Insured during the Policy term, total Death Benefit payable will be equal to two times of the Sum Assured on Death (as defined above) provided such death was caused directly by such Accident and independently of any physical or mental illness within one hundred twenty (120) days of the date of Accident. It is also clarified that if the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be payable. No benefits are payable, if the death is due to the scenarios mentioned under Terms and Conditions - “Exclusions in case of death due to Accident” – refer Sales Literature.
  Accident here means a sudden, unforeseen and involuntary event caused by external, visible and violent means.
  The maximum Death Benefit (due to Accident), irrespective of number of Policies, is capped to Rs. 20 Lakhs per life

You may be eligible for the tax benefits on the premiums paid along with the benefits received, subject to the prevailing provisions. The tax benefits are subject to change as per the change in tax laws from time to time.