<section class="blog">
<div class="blog-content">
<p>Nobody wants their family to suffer and people always pray for their families’ safety. However, prayer itself will not safeguard them from all of life's challenges. As the sole earner, we would always be responsible for providing financial security and protection to our family. As the breadwinner, it is critical to protect ourselves from the inevitable and uncontrollable event of death. Although no one expects death, but it is necessary to have life protection plans in place if the unexpected occurs. We must look for measures to ensure that our loved ones' futures are safe. One such way to financially protect our loved ones is through <a href="https://www.bhartiaxa.com/term-insurance" target="_blank" title="term insurance">term insurance</a>. The best part is that protection plans are a low-cost and useful tool and easily available.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2>Here are some factors to look for when buying the best suitable protection plan</h2>

<h3>Your purchase should be based on preferred protection plan rather than peer pressure</h3>

<p>Compatriots should not drive your decision on <a href="/protection-plans" target="_blank" title="protection plans">protection plans</a>; rather, it should be based on self-analysis of your requirements.</p>

<p>For instance, Mr Rajiv is a 32-year-old Marketing professional; he draws a salary of Rs. 50,000 per month. His policy beneficiaries include his 2-year-old kid. He invests most of his money, driven by the desire to earn more and influenced by his peers'. Rent, loans, and child bills eat up the rest of his earnings. However, he must keep in mind that investments alone will not support his family in the case of his premature and unexpected passing.</p>

<p>His family would have serious financial problems if he died suddenly with no <a href="https://www.bhartiaxa.com/be-smart/life/how-to-protect-your-family-with-life-insurance" target="_blank" title="life protection plans">life protection plans</a> and no income. As a result, he should not be swayed by his peers' opinions and should invest in the best suitable protection plan.</p>

<h3>Purchase protection plan online instead of offline</h3>

<p>Whether you acquire a protection plan online or offline, it will have a significant impact on your buy. Purchasing <a href="/online-insurance-plans" target="_blank" title="insurance plans online">insurance plans online</a> via several comparison portals is convenient and cost-effective.</p>

<p>You may evaluate different products based on price and other aspects; there are no middlemen, and the policies are reasonably priced due to no commission being passed to any middlemen. Furthermore, the decision is made unbiased; the products are not hard-sold as they are when <a href="https://www.bhartiaxa.com/careers/advisor" target="_blank" title="insurance agents">insurance agents</a> are engaged.</p>

<h3>Be explicit about the coverage duration</h3>

<p>The duration of life protection plans is just as important as the quantity of coverage. A protection plan must cover a person at the least until he reaches the age till which he wishes to work. This was 60 years until a few years ago. However, in today's world, people may wish to work past the age of 60. As a result, it is certain that a person will require coverage until he or she reaches the age of 65 or more depending on his requirements and dependants.</p>

<h3>Take inflation into consideration</h3>

<p>A policy of Rs. 60 lakhs purchased now may not be sufficient to ensure your loved ones’ survival in ten years as inflation raises the cost of goods, lowering the rupee's worth. After ten years, a Rs 60 lakh will only be worth around Rs 38 lakh, assuming a 5% inflation rate. To address this issue, several insurers offer plans in which the coverage amount increases by 5-10% each year. The periodic rise in the sum promised would assist in dealing with both income and inflation increases.</p>

<h3>Compare plan's benefits and costs</h3>

<p>A buying decision based on the cost and benefits of related products is a well-informed one. Such a comparison brings the benefits and drawbacks to light, allowing you to choose whether the product is worth your money or not.</p>

<h3>Claim Settlement Ratio</h3>

<p>One of the most important factors to consider when picking a <a href="https://www.bhartiaxa.com/be-smart/term/preferred-protection-plans" target="_blank" title="preferred protection plan">preferred protection plan</a> is the claim settlement ratio. The <a href="https://www.bhartiaxa.com/be-smart/life/all-about-claim-settlement-ratio-when-buying-life-insurance-plan" target="_blank" title="claim settlement ratio">claim settlement ratio</a> of a corporation tells you how many policies are settled by paying back claims in the event of death. The best companies will settle 95-99 claims out of 100% each year.<br />
Life protection plans offer adequate coverage at a reasonable cost. However, you must first assess your requirements in terms of age, finances, insurance, and your family's future needs. You must be very certain and analytical before purchasing the best suitable protection plan for yourself.</p>
</div>
</section>


<p>Nobody wants their family to suffer and people always pray for their families’ safety. However, prayer itself will not safeguard them from all of life's challenges. As the sole earner, we would always be responsible for providing financial security and protection to our family. As the breadwinner,</p>


Family Safety with Protection Plan

Preferred Protection Plans Online | Bharti AXA Life

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Whether you acquire a protection plan online or offline will have a significant impact on your buy. Purchasing insurance plans online is convenient. Know more at Bharti AXA Life.

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How to Select a Protection Plan?

<section class="blog">
<div class="blog-content">
<p>In India, the most common investment made by people is <a href="https://www.bhartiaxa.com/be-smart/life/things-to-keep-in-mind-buying-life-insurance-online" target="_blank" title="buying a Life Insurance Plan">buying a Life Insurance Plan</a>. Today, <a href="https://www.bhartiaxa.com/" target="_blank" title="Insurance companies">Insurance companies</a> have evolved plans such, that apart from the simple aim of only providing death benefit to the policy holder, a policy has now multiplied to add in several features that offer growth in investment, opportunity to invest in the market, goal-oriented investments and much more. This has led to the introduction of several plans under the umbrella of&nbsp;<a href="/life-insurance">life insurance</a>. Here are some that you should know about</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<div>
<ol class="bhartiaxa-order-list">
	<li>
	<h3 class="section-sub-heading">Term insurance plans</h3>

	<p><a href="/term-insurance">Term insurance&nbsp;</a>policies are the simplest form of life insurance policies. The plan is purely designed to offer financial security to your family in case of an eventuality. Under this plan you can only avail death benefits i.e. if the life insured dies, then the entire sum assured is handed to the nominee of the policy.</p>

	<p>Term <a href="https://www.bhartiaxa.com/online-insurance-plans" target="_blank" title="Insurance policy">Insurance policy</a> generally offers no added bonuses or maturity benefits. This plan can be availed for a period of 10 years to 30 years. In case the <a href="https://www.bhartiaxa.com/be-smart/life/understanding-the-relation-between-the-insurer-and-insured" target="_blank" title="insured">insured</a> outlives the insurance period then there are no further benefits from the plan. The premium rate for this plan is low as compared to the other insurance plans.</p>
	</li>
	<li>
	<h3 class="section-sub-heading">Endowment plans</h3>

	<p>This is considered to be one of the best <a href="/savings-plans">savings plans</a> by investors as it offers excellent growth on your savings. Under this plan you are liable to avail death benefit as well as maturity benefit. This ensures your loved ones are financially secure even when you are not around. You also get maturity benefits in case you outlive the tenure. The maturity pay-out of the plan also offers bonuses on the investment as accrued over the investment period. This plan can be availed for a period of 10, 15 and 20 years or up to a certain age limit.</p>
	</li>
	<li>
	<h3 class="section-sub-heading">ULIP plans</h3>

	<p><a href="/ulip-plans">ULIPs</a>or Unit Linked Plans are life insurance plans that give you the benefit of investing in securities. In this plan, the premium you pay is invested in equities or debt funds and the remaining amount is used for life coverage. Hence, this plan offers death benefit in case of the life insured's demise and it also gives you a good maturity benefit with the growth in the equities market. However, there may be some stock related risks in case you plan to invest in this policy.</p>
	</li>
	<li>
	<h3 class="section-sub-heading">Pension plans</h3>

	<p>Also known as&nbsp;<a href="/retirement-plans">retirement plans</a>&nbsp;, this life insurance plan is the best means of building a corpus for your retirement years. The investor has to pay a particular amount of premium regularly towards the plans for a definite period of time. At maturity the plan offers a particular sum to the insured either on monthly basis or annual basis.</p>
	</li>
</ol>
</div>
</div>
</section>


<p>In India, the most common investment made by people is buying a Life Insurance Plan. Today, Insurance companies have evolved plans such, that apart from the simple aim of only providing death benefit to the policy holder, a policy has now multiplied to add in several features that offer growth in investment, opportunity to invest in the market, goal-oriented investments and much more.</p>


Tips on Buying Term Insurance

Variety in Life Insurance Policies in India | Bharti AXA

Know about different types of life insurance policies to secure your family's future with plans such as ULIP, term insurance, Pension and others. Contact us to know more!

types of policy, life insurance, term insurance, savings plans, life insurance plans

Variety in Life Insurance Policies in India

<section class="blog">
<div class="blog-content">
<p>Once you have decided to buy Insurance finding the right plan is very important. You need to understand the various <a href="https://www.bhartiaxa.com/life-insurance/types-of-life-insurance-policy" target="_blank" title="types of Insurances">types of Insurances</a> available and then filter down to the ones that suit your current stage of life as well as the needs. However, you must also keep in mind and plan for the future. Let us look at the type of plans available today</p>

<h2 class="section-main-heading">Which Type of Plan is Best for You?</h2>

<div>
<ol class="bhartiaxa-order-list">
	<li>
	<h3 class="section-sub-heading">Whole Life</h3>

	<p>This is a permanent <a href="https://www.bhartiaxa.com/online-insurance-plans" target="_blank" title="insurance plan">insurance plan</a> where you get two funds, one being the life cover and the other being an investment fund. The premium in this kind of a plan is divided between a fixed amount, which your nominee will get in case of death, and another cash value that builds over time and is exempt of taxation. You can borrow from this amount and this too is tax free. The premium amount generally remains the same throughout the policy's tenure.</p>
	</li>
	<li>
	<h3 class="section-sub-heading">Variable Life</h3>

	<p>This is called a variable plan because there are two separate accounts created, one being the permanent policy and the other being the investment fund, which is invested in bond funds, equity funds or money market funds, as per the company's investment portfolio. Due to the uncertain nature of the market, the value of the cash and death benefits are not fixed. This type of insurance combines the growing potential investments with the traditional savings investment.</p>
	</li>
	<li>
	<h3 class="section-sub-heading">Universal Life</h3>

	<p>This type of a plan provides the same life protection as a <a href="/life-insurance/whole-life-insurance">Whole Life Plan</a> but with a slight change in the premium policy. Opting this variant, you can adjust up or down the premium value and the cash protection as per your needs and that is why it is also known as a flexible insurance plan. Another variant is the variable-universal plan, which allows flexibility to adjust the premium, death benefits and investment funds through the duration of the policy.</p>

	<p><strong><a href="/term-insurance">Term Insurance</a>:</strong> This type of policy guarantees the sum assured in case of death of the insured during the term of the policy. It runs for a specified period of time, which is a maximum of 30 years. There are variants of this plan available too, with regards to the premium, such as increasing, decreasing, convertible and level.</p>

	<p>You should choose a life insurance plan based on your needs and the finances available. It is beneficial to start young, since the premium rates will be much lower. Checkout plans like Life Future Invest plans by <a href="/">Bharti AXA</a> and reap the benefits later in life</p>
	</li>
</ol>
</div>
</div>
</section>


<p>Once you have decided to buy Insurance finding the right plan is very important. You need to understand the various types of Insurances available and then filter down to the ones that suit your current stage of life as well as the needs. However, you must also keep in mind and plan for the future. Let us look at the type of plans available today</p>


Best Life Insurance Plans

What is the Best Insurance Plan for me | Bharti AXA Life

Here are the key tips for first-time life insurance policy buyers. Let have a look at the different type of life insurance plans that suits your need at Bharti Axa Life.

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What is the Best Insurance Plan for me

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Serv Suraksha

Bharti AXA Life Serv Suraksha | Bharti AXA Life

Bharti AXA Life Serv Suraksha product provides financial protection and a secure future for your family with a single premium payment.

<table>
	<tbody>
		<tr>
			<td width="312">
			<p><strong>Parameter</strong></p>
			</td>
			<td width="312">
			<p><strong>Eligibility Criteria</strong></p>
			</td>
		</tr>
		<tr>
			<td width="312">
			<p><strong>Minimum age at entry</strong></p>
			</td>
			<td width="312">
			<p>18 years</p>
			</td>
		</tr>
		<tr>
			<td width="312">
			<p><strong>Maximum age at entry</strong></p>
			</td>
			<td width="312">
			<p>50 years</p>
			</td>
		</tr>
		<tr>
			<td width="312">
			<p><strong>Policy Term</strong></p>
			</td>
			<td width="312">
			<p>5 years</p>
			</td>
		</tr>
		<tr>
			<td width="312">
			<p>Premium Paying Term</p>
			</td>
			<td width="312">
			<p>Single</p>
			</td>
		</tr>
		<tr>
			<td width="312">
			<p><strong>Minimum Premium</strong></p>
			</td>
			<td width="312">
			<p>Rs. 100, 500 and 1,000</p>
			</td>
		</tr>
	</tbody>
</table>

<p>*Through ECS only</p>


Who can buy?

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<p>A hassle-free life insurance product that provides financial protection and a secure future for your family by making a single premium payment.</p>


<ul>
	<li>Life Insurance coverage</li>
	<li>Guaranteed maturity benefit</li>
	<li>Minimal premium offering</li>
	<li>Flexibility of paying premium once</li>
</ul>


Bharti AXA Life Serv Suraksha

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Bharti AXA Life Serv Suraksha

(UIN:130N006V02)
(ADVT NO:II-Jul-2022-4100)

4 Reasons to Buy

Parameter	Eligibility Criteria
Minimum age at entry	18 years
Maximum age at entry	50 years
Policy Term	5 years
Premium Paying Term	Single
Minimum Premium	Rs. 100, 500 and 1,000

Bharti AXA Life Serv Suraksha

(UIN:130N006V02) (ADVT NO:II-Jul-2022-4100)

4 Reasons to Buy

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(UIN:130N006V02)
(ADVT NO:II-Jul-2022-4100)