Bharti AXA Life Flexi Term Pro

(UIN:130N103V01)
(ADVT NO:II-Feb-2021-2605)

Get insurance on your own terms with Bharti AXA Life Flexi Term Pro.

#DoTheSmartThing.

4 Reasons to Buy

It’s a plan that you can customise according to your needs and life stage. Choose from a range of features that meet your requirements and make your term insurance work best for you.

  • The plan offers two options: Without return of Premium and With return of Premium.
  • Coverage for Joint/Single Life – Under the Without return of premium variant, you have the option between Single Life cover or Joint Life Cover i.e. cover for your spouse under the same policy.
  • Flexibility in Policy and Premium Payment terms – This product offers you the option to choose from multiple Policy terms and Premium Payments terms, offering the opportunity to customize the plan to suit your needs.
  • Whole Life Cover – Option to cover yourself for your entire lifetime, by opting for cover up to 99 years.

Plan Details

How does the Plan work?

Let’s take a look at these case studies

Scenario 1 : Mr Reddy is a 35 year old non-smoker salaried professional. His family consists of his wife and a son. He is worried about the uncertainties in life and realizes the need for protection in his fast-paced life. He wants to ensure that his family’s needs are taken care of in case of his death and wants an insurance solution to this.

Mr Reddy decides to purchase the Bharti AXA Flexi Term Pro –Single Life (without return of premium) for a policy term of To Age 85 years regular pay and opts for Lumpsum payout option.
He wants a Sum Assured of Rs. 1,00,00,000 for which he pays a premium of Rs. 16,200 p.a. (exclusive of taxes)

Case 1 :
In case of death of Mr Reddy during the policy term, his family would receive death benefit of Rs. 1 Cr. immediately on death.

Case 2 :
Mr Reddy continues to live a healthy life and at the age of 40 years, he gets a promotion. Mr Reddy and his wife have a second child. This is a major milestone of Mr Reddy’s life and due to increased responsibilities, he wants to increase the protection by 50% so as to secure both his children and his wife in case of any unfortunate event.

Based on the increased protection, Mr Reddy’s Sum Assured increases to Rs. 1.5 Cr for which he pays an additional premium of Rs. 11,300 p.a. (exclusive of taxes) i.e. total premium of Rs. 27,500 p.a. for the remaining 45 years of the policy term.

In case of Mr Reddy’s death within 85 years of age, his family would receive Rs. 1.5 Cr immediately on death.

Scenario 2 : Nikhil is a 40 year old non-smoker working in a MNC, married to Neha who is 35 year old Homemaker and they have a new born daughter Aisha. Nikhil is aware of his new additional responsibilities and wants to protect his family against all future uncertainties. He wants a cover that will provide life cover to both him and his wife and decides to buy the Bharti AXA Flexi Term Pro – Joint Life (without return of premium) for a policy term of 35 years regular pay and opts for Lumpsum payout option. He wants a Sum Assured of Rs. 1,00,00,000 for himself and a Sum Assured of Rs. 50,00,000 for his wife, for which he pays a total premium of Rs. 24,700 (exclusive of taxes)

Case 1 :
In case of death of Nikhil during the policy term, his wife, Neha would receive death benefit of Rs. 1 Cr. immediately on death, the future premiums for life cover of Neha will be waived off and the policy will continue for the remaining term.

Case 2 :
In case of death of Neha during the policy term, Nikhil would receive death benefit of Rs.50 Lakhs immediately on death, the future premiums for life cover of Nikhil will have to be paid and the policy cover will continue for the remaining term.

Case 3 :
In case of simultaneous death of both the Nikhil and Neha, the total death benefit of Rs. 1.5 Cr will be paid to the nominee under the policy and the policy will terminate.

Scenario 3 : Krutika is a 40 year old non-smoker and a salaried professional. Her family consists of her husband and a daughter. She is worried about the uncertainties in life and realizes the need for financial protection in life. She wants to ensure that her family’s needs are not compromised in case of her death and wants an insurance solution to this.

Krutika decides to purchase the Bharti AXA Flexi Term Pro (with return of premium) for a policy term of 25 years regular pay and opts for Lumpsum payout option.

She wants a Sum Assured of Rs. 1,00,00,000 for which she pays a premium of Rs. 28,500 p.a. (exclusive of taxes)

Case 1 :
In case of death of Krutika during the policy term, her family would receive death benefit of Rs. 1 Cr. immediately on death.

In case Krutika survives till the end of policy term i.e. till she turns 65 years, Rs.7,12,500 (28,500*25) (all the premiums collected) will be paid out in Lumpsum at the end of Policy term.

The above example is for offline illustration purpose only.

Eligibility Check

Plan at a Glance

Parameter Eligibility
Minimum age at entry 18 years age last birthday
Maximum age at entry 65 years age last birthday
Maximum Age at Maturity 99 years age last birthday
Policy Term
Without return of Premium – Single Life Without return of Premium – Joint Life With return of Premium
Fixed Term – 1,5 to 50 (in multiples of 5)
Variable Term – To Age 60,65,70,75,80,85,99
Fixed Term – 5 to 50 (in multiples of 5) Fixed Term – 10 to 50 (in multiples of 5)
Variable Term – To Age 60,65,70,75,80,85
  Fixed Policy Terms will be available in multiples of 5.
Policy Term & Premium Payment Term
Premium Payment Option Policy Term
Without Return of Premium – Single Life Without Return of Premium – Joint Life With Return of Premium - Only Single Life
OYT 1 Year NA NA
Single Pay 5 to 50years,
To Age 
60,65,70,75,80,85
5 to 50years 10 to 50years, 
To Age 
60,65,70,75,80,85
Regular Pay 5 to 50years,
To Age 
60,65,70,75,80,85,99
5 to 50years 10 to 50years, 
To Age 
60,65,70,75,80,85
Limited 
Pay(5 years)
10 to 50years,
To Age 
60,65,70,75,80,85
10 to 50years 10 to 50years, 
To Age 
60,65,70,75,80,85
Limited 
Pay(7 years)
10 to 50years, 
To Age 
60,65,70,75,80,85
10 to 50years 10 to 50years, 
To Age 
60,65,70,75,80,85
Limited 
Pay(8 years)
10 to 50years, 
To Age 
60,65,70,75,80,85
10 to 50years 10 to 50years, 
To Age 
60,65,70,75,80,85
Limited Pay(10 years) 15 to 50years, 
To Age 
60,65,70,75,80,85,99
15 to 50years 15 to 50years, 
To Age 
60,65,70,75,80,85
Limited Pay(12 years) 15 to 50years, 
To Age 
60,65,70,75,80,85
15 to 50years 15 to 50years, 
To Age 
60,65,70,75,80,85
Limited Pay(Pay till Age 60) 15 to 50years, 
To Age 
65,70,75,80,85,99
15 to 50 years 15 to 50years, 
To Age 
65,70,75,80,85
Minimum Sum Assured (Rs.) Rs 25,00,000
Maximum Sum Assured (Rs.) No Limit, subject to Board Approved Underwriting Policy
Premium Payment Modes Annual, semi - annual, quarterly* & monthly*
Minimum Premium Based on the minimum Sum Assured.
Premium will vary depending upon the Option chosen.
  This Product is also available for sale through Online mode.

*Through auto pay only