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Insurance Plans India 926 views January 29, 2021
The most important task for people is to protect their family’s future in case they are not present due to some unfortunate events. This can be easily assured by choosing a Bharti AXA Life POS Saral Bachat Yojana. It is a non-linked non-participating individual life insurance savings plan with which your family can get life insurance cover in case of your death. In case of death due to an accident, your family will get double cover. Other than this, you can also enjoy the flexibility of choosing 5 different combinations of policy terms and premium payment terms.
We will discuss here some important aspects related to the Bharti AXA Life POS Saral Bachat Yojana, such as its key advantages, death benefits, maturity benefits, policy term, premium payment term, etc. Read on!
Table of Contents
What are the highlights you should be familiar with before securing your family’s financial future with a life insurance plan? The highlights give you an idea of how the policy will pan out for you in times to come. Here, we are talking about the reasons to buy Bharti AXA Life POS Saral Bachat Yojana. Check whether the contents of the policy are in sync with your requirements.
As we mentioned earlier, you can enjoy the flexibility in choosing the desired policy term and premium payment term with Bharti AXA Life POS Saral Bachat Yojana. There are two policy term options, while there are 5 premium payment term options. To know more about it in detail, you can check the below table.
Policy Terms | Premium Payment Terms |
---|---|
10 years | 5 years |
15 years | 6 years |
8 years | |
10 years | |
12 years |
Sum assured is the amount that your policy will cover throughout your policy term, and you should understand it before choosing the plan. For Bharti AXA Life POS Saral Bachat Yojana, both minimum and maximum sum assured depends on the chosen policy term and premium payment term combination. To know more, check the below table!
Policy Terms | Premium Payment Terms | Minimum Sum Assured (In INR) | Maximum Sum Assured (In INR) |
---|---|---|---|
10 years | 5 years | 15,602 | 6,75,753 |
15 years | 6 years | 24,018 | 10,00,000 |
8 years | 30,649 | 10,00,000 | |
10 years | 35,868 | 10,00,000 | |
12 years | 41,295 | 10,00,000 |
When you choose a life insurance plan, you need to pay a premium amount towards it at regular intervals. In the case of Bharti AXA Life POS Saral Bachat Yojana, you can choose to pay it annually, semi-annual, quarterly, and monthly. The minimum amount stands at INR 2,500 per annum for all ages, policy term, and premium payment term combinations. You can check the maximum premium in the below table.
Policy Terms | Premium Payment Terms | Maximum Premium Amount (In INR) |
---|---|---|
10 years | 5 years | 90,909 |
15 years | 6 years | 90,909 |
8 years | 77,970 | |
10 years | 66,860 | |
12 years | 57,990 |
With this life insurance plan from Bharti AXA, you can enjoy several benefits that we are mentioning below one after another. Please check!
If you survive until the end of the chosen policy term, you will receive a maturity benefit equaling the sum assured on maturity (chosen sum assured). However, you must have paid all the due premiums to get this benefit.
As we mentioned in the key advantages of this plan that it protects your family in case you die during the policy term. You can understand the death benefits more clearly in the below table. Do check!
Situation | Benefits |
---|---|
Death Benefit (other than death due to accident) - During a Waiting Period of 90 days | 100% of the premiums paid up to the date of death |
Death Benefit (other than death due to accident) - After a Waiting Period of 90 days | Sum assured on death will be the highest of the following amounts - 11 times the Annualized premium 105% of all premiums paid up to the date of death Absolute amount assured to be paid on death Sum assured on maturity (sum assured under the policy) |
Death Benefit (due to an accident) | Two times the sum assured on death |
Check out the table below to know the eligibility parameters related to this Bharti AXA plan.
Policy Term | Minimum Age at Entry | Maximum Age at Entry | Maximum Age at Maturity |
---|---|---|---|
10 years | 8 years | 55 years | |
15 years | 3 years | 50 years | 65 years |