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Insurance Plans India 723 views January 30, 2021
Looking for a plan that can provide financial protection to your family in case something unfortunate happens to you? Well, with the Bharti AXA Life Serv Suraksha Plan, you can ensure the same by making a single premium payment. It is a non-linked non-participating individual life insurance savings plan with which you can get a maturity benefit in case of survival. Other than this, your family will get a sum assured in case of your demise.
If you want to know more about Serv Suraksha Plan, this page could be a good read for you as we will discuss its key features, policy term, the sum assured, benefits, etc. Keep reading to know more!
Table of Contents
Bharti AXA Life Serv Suraksha Plan has a wide range of key features because of which it is so popular among the customers. Before choosing this plan from Bharti AXA Life, you should know those so that you can make the right decision. We are showing them below. Take a look!
With this Serv Suraksha Plan, you can choose different single premium payment options. These options are INR 100, INR 500, and INR 1,000. You can choose from any of these options according to your convenience.
Serv Suraksha Plan of Bharti AXA Life offers a wide range of benefits on maturity or at the time of a policyholder’s death. We are showing some of them below. Have a look!
In case you die during the policy term, the nominee or beneficiary will receive a life insurance benefit, which will be the basic sum assured. Do remember that this benefit will depend on the single premium paid towards the policy as it will be equal to 25 times the single premium amount.
If you survive until the end of the policy term, you will receive a maturity benefit equaling 110% of the single premium amount paid towards the policy.
You can surrender your policy after the free look period anytime during the policy term. The surrender value depends on the end of your policy term. Check out the table below to know the surrender value at different periods.
Policy Year | Surrender Value |
---|---|
1st Policy year | 90% of the premium |
2nd Policy year | 100% of the premium |
3rd Policy year | 100% of the premium |
4th Policy year | 102% of the premium |
5th Policy year | 105% of the premium |
When choosing the Serv Suraksha Plan, you should know about the entry age. Individuals aged between 18 years and 50 years of age can get this plan from Bharti AXA Life.