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Bharti AXA Life
Flexi Term Plan

A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan

(UIN: 130N072V05)(ADVT No. II-Jul-2022-4074)
A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan

#MultiplePayoutOptions#Flexibility #TaxBenefits

Why Choose Bharti AXA Life Flexi Term Plan?

It is one of the best term insurance plans that’s here to protect you and your family against an unfortunate event. It offers you the flexibility to choose from 3 different life cover pay out options, the benefits of life insurance as well as a critical illness benefit so that your family's needs are always met.

  • Multiple Payout Option

    In case of an unfortunate event of death of Life Insured, Death Benefit will be payable to the Nominee, subject to Policy being in force and all due premiums have been paid. At the time of seeking coverage under the Policy, you can choose any of the following death benefit payout options, basis your requirement :
    Lumpsum
    Monthly Income
    Lumpsum plus Monthly Income

  • Flexibility

    You will get flexibility to choose your coverage period as there are multiple Policy Term options available under the product. You can either choose from Fixed Policy Term options of 5, 10, 15 and 20 years or from ‘To Age’ option of 60 years & 75 years.

  • Optional Critical Illness Benefit

    Option can be availed at inception to cover critical illness at the age of 75. You can either select the comprehensive cover (34 illnesses) or major illnesses cover (15 illnesses) at the inception of the policy.

  • Tax Benefits

    You can enjoy Tax benefits on the Premiums paid and pay-out benefits received. The Tax benefits fall under Income Tax Act, 1961. They are subject to change as per changes in tax laws from time to time.

Key Benefits

Death Benefit

Potential Bonus

Multiple Premium Payment Terms

Tax Benefits**

How Does the Plan Work?

 

Let’s take a look at this case study

 

35-year-old Pratyush chose our Bharti AXA Life Flexi Term, as he was looking for a combination of both a life and health term plan with critical illness for his family insurance plans. His life cover is a Sum Assured of Rs. 20Lakhs and he chooses the lump sum death benefit payout option. The Sum Assured for Critical Illness cover is Rs. 20 lakhs and he choose the Comprehensive Cover for 34 Critical Illnesses. For this, he pays an annual premium of Rs. 16,530* (Rs. 6,060 for life cover and Rs.10,470 for critical illness cover) till he turns 75, which is also the policy term that he chooses.

 

1st Policy Year

He starts paying ₹ 16,530* annually

 

Sad Demise

In case of Pratyush’s demise, his nominee receives a lump sum payout of ₹20 lakhs

 

*Premium is exclusive of taxes.

 

Critical Illness

In case of diagnosis of covered critical illness#, he receives a lump sum amount of ₹ 20,00,000 irrespective of the treatment cost.

 

Future premium payments are waived off and the Life Cover will continue till Pratyush turns 75.

 

#In case of Angioplasty, Critical Illness Benefit equal to ₹ 5,00,000 will be payable. The Critical Illness Sum Assured will reduce by ₹ 5,00,000 and the reduced Critical Illness Sum Assured will be available for the other covered Critical Illnesses under the chosen Option, other than Angioplasty. All future premiums in respect of the reduced Critical Illness Sum Assured will also reduce.

Bharti AXA Life Guaranteed Wealth Pro
Invest Rs. 5,000#/Month for 10 years | Get Rs. 14,39,764^

Make Your Plan with Ease

Pick Payout Option

Choose one of the options, as per your financial goals.

Lumpsum

Entire Death Benefit will be payable as a lumpsum

Monthly Income

Lumpsum plus Monthly Income

Lumpsum

Entire Death Benefit will be payable as a lumpsum

Monthly Income

Death Benefit will be payable as monthly income for 15 years increasing annually by 10% at simple rate.

Lumpsum plus Monthly Income

50% of Death Benefit will be payable as a lumpsum and the remaining amount will be paid as monthly income for 15 years increasing annually by 10% at simple rate.

Now, Add a Rider

You may enhance your protection under this Plan by opting for the following rider(s)

Bharti AXA Life Hospi Cash Rider (UIN:130B007V04):

This rider allows payment of a fixed benefit for each day of hospitalisation. It also offers a fixed amount benefit if you are admitted in an Intensive Unit Care or a lump sum benefit in case of surgery.

Insurance Jargon Explained

Maturity Benefit

It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.

Term Insurance

A basic insurance plan which provides a lump sum amount to the family of the person who is insured in case of his/her unfortunate death.

Premium

The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).

Sum Assured

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 current tax laws that are subject to change from time to time.