Insurance Plans India 635 views February 22, 2021

Bharti AXA Life Secure Confident is a non-linked non-participating life insurance plan that helps meet the financial needs of your family at all times. The following are the key features of Bharti AXA Life Secure Confident that you can see.

  1. Life Insurance Cover
  2. Rider Option
  3. Tax Benefits

Read this page below and learn these in detail.

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Bharti AXA Life Secure Confident Coverage

The nominee shall receive the sum assured in case of unfortunate death of the life assured, provided the policy is in force and all due premiums are paid till the date of death. This benefit ensures that your family or loved ones stay financially secured in case you are not around with them. Your family will get complete protection against the financial loss or burden of your loans, such as mortgage loans, as the full sum assured will be payable to the nominee in case of death.

Note:- The sum assured is subject to a minimum of INR 5 lakh under Bharti AXA Life Secure Confident, and you can choose your sum assured at inception.

Overall Protection of Bharti AXA Life Secure Confident

Bharti AXA Life provides riders to the customers via which you can enhance your base policy cover. So you can do the same with the Bharti AXA Life Secure Confident and ensure the overall protection of your loved ones in case of any unfortunate event. The following are your rider options under Bharti AXA Life Secure Confident Plan:-

  1. Bharti AXA Life Term Rider: Your nominee will get an additional sum assured in case of your death. And this amount will be in addition to the above-mentioned death benefit.
  2. Bharti AXA Life Premium Waiver Rider: An additional protection shield that waives off all your future premiums in events like critical illness, permanent disability or death.
  3. Bharti AXA Life Hospi Cash Benefit Rider: You’ll receive a fixed amount for each day of hospitalization under this rider. And in case you are admitted for surgery, a lump sum benefit will be payable.
  4. Bharti AXA Life Accidental Death Benefit Rider: This rider provides 100% of the rider sum assured in case the life insured dies due to an accident, provided the rider policy is in force.

Bharti AXA Life Secure Confident Tax Benefits

You can get tax benefits on your Bharti AXA Life Secure Confident plan Under Section 80C and 10(10D) of the Income Tax Act, 1961.

Bharti AXA Life Secure Confident Suicide Clause

The suicide exclusion shall apply to the Bharti AXA Life Secure Confident if the life insured commits suicide within 1 year from the policy issuance date or revival; and if such a suicide results in death, the company pays 80% of the paid premiums to either the nominee/beneficiary, provided the policy is in force.

Nomination Facility of Bharti AXA Life Secure Confident

As you know, you need to nominate a person who will be entitled to policy benefits in case of your death, provided you are also the life insured. If the nominee is a minor, you may also appoint an Appointee who will receive the policy benefits when the nominee remains a minor. The company shall not recognize a nomination or change in nomination unless you send a written notice at its office for the same. There is no opinion on the validity or legality of nomination from the company. You can do a nomination only regarding the entire policy. And if there is no nominee alive at the time of life insured’s death, the policyholder’s estate shall be deemed to be the nominee.

Bharti AXA Life Secure Confident Claim Procedure

The nominee would need to submit the following documents for processing the claim in case of the death of the life assured during the policy term

  1. Original Policy Bond
  2. Death Certificate of the Life Insured
  3. Claimant’s Statement

Note:- The company may ask for additional documents as the case may be.

Bharti AXA Life Secure Confident Free Look Option

A free look period of 15 days will be provided to you within which you can review the policy terms and conditions. And you can return this policy if you disagree with any of its terms and conditions. In such a cancellation, you need to return the original policy bond along with the letter stating the reasons for your objection.

Your free look period will start from the receipt of the policy bond. And in case of cancellation during the free look period, you will be entitled to an amount equal to the paid premium. After that all your rights under this policy shall stand extinguished.

Important Note

This is a traditional insurance plan and the premium payable under the policy shall be calculated based on your age or gender as declared in the proposal form. Only a duly authorized officer of the company can change the policy as per the request of the policyholder. Neither an agent nor anyone except a duly authorized officer of the company can waive any of the rights or requirements of the policy.

This policy does not provide for participation in the distribution of surplus or profits declared by the company.

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