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Insurance Plans India 760 views January 28, 2021
If you are worried about what will happen to your family if you are not around, don’t worry; because Bharti AXA Life POS Saral Jeevan Bima Yojana provides you a perfect life cover with no medical examination. The policy will give a death benefit to your nominated beneficiaries in case of your death during the policy term. If this is what you are looking for, read this page below and learn more about the Bharti AXA Life POS Saral Jeevan Bima Yojana.
Table of Contents
Under Bharti AXA Life POS Saral Jeevan Bima Yojana, your beneficiary can claim the following benefits as the case may be –
Other Than Accidental Death – If you die during the policy term due to any reason other than an accident, the highest of the following becomes payable to your nominee/beneficiary.
Accidental Death – If the reason for your death is an accident or any injury that arises from an accident, the total death benefit payable will be 2X Sum Assured on Death. The Sum Assured on Death is the highest of the following
To buy this policy, you need to meet the following –
There is a waiting period of 90 days applicable to your Bharti AXA Life POS Saral Jeevan Bima Yojana for death other than an accident. And in case you die during the waiting period, 100% of the paid premiums, exclusive of applicable taxes, till the date of death will be payable to the nominee.
Your premium amount for the policy will depend on the sum assured, age and policy term. You should know that you have different modes available for premium payment. So let’s check out the factors applicable to each mode of payment in the table below –
Mode of Premium | Modal Factors |
---|---|
Monthly | 0.0867 of annualized premium |
Quarterly | 0.26 of annualized premium |
Sem-annual | 0.51 of annualized premium |
Conditions for Advance Premium Payment
Note – You can pay Bharti AXA Life POS Saral Jeevan Bima Yojana premium through ECS only.