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Investment Plans 825 views January 28, 2021
A life insurance plan can also help accumulate savings, something which individuals look for. Bharti AXA Life Samriddhi Plan can be the perfect companion for such individuals as it helps build regular savings that can fulfill people’s aspirations. This non-linked participating endowment savings plan from Bharti AXA provides a 100% sum assured on maturity along with accumulated non-guaranteed bonuses every year. To meet your future goals, it is essential to save regularly over a long period, and this plan helps in the same.
On this page, we will discuss some of the important aspects related to the Bharti AXA Life Samriddhi Plan, such as its key features, premium payment term options, eligibility criteria, etc. Keep reading to know more about it!
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If you are someone who is looking to fulfill your family’s aspirations, Bharti AXA Life Samriddhi Plan could be the best fit for you. But it’s important to know those key features of the Bharti AXA that make it one of the popular plans among customers. We are showing the same below. Please check!
For Bharti AXA Life Samriddhi Plan, the minimum sum assured depends on the minimum annualized premium amount. Do remember that the minimum premium amount depends on the premium payment term chosen by individuals. Also, your premium amount depends on several other factors such as age, policy term, premium payment mode, and the sum assured on maturity as chosen by policyholders. To know more about it, you can check the below table!
Premium Payment Term | Minimum Annualized Premium (In INR) |
---|---|
5 and 10 years | 18,000 |
12 and 15 years | 12,000 |
20 and 25 years | 6,000 |
30 and 35 years | 3,000 |
One of the best things that this policy from Bharti AXA provides is the flexibility to choose from different premium payment modes. These modes are annual, semi-annual, quarterly, and monthly. However, you can choose the quarterly and monthly mode by choosing the auto-payment option.
Bharti AXA Life Samriddhi Plan provides maturity and death benefits to the policyholders. Want to know more about them in detail? Well, we are showing the same below. Have a look!
If all the premiums are duly paid and the policyholder survives until the maturity of the policy, the company will pay 100% of the sum assured on maturity to the individual. Apart from this, they will also receive a non-guaranteed simple reversionary bonus and a non-guaranteed terminal bonus (if declared).
The company will pay a death benefit to the nominee in case the policyholder dies during the policy term. The death benefit will be the sum of the following amounts.
Do remember that the basic life insurance cover can be higher of the following amounts
There are a few conditions that an individual needs to keep in mind while choosing this plan from Bharti AXA. We are showing them in the below table. Please check!
Policy Term | Minimum Entry Age | Maximum Entry Age | Maximum Age of the Individual Allowed at Maturity |
---|---|---|---|
10 years | 8 years | 55 years | 65 years |
15 years | 3 years | 55 years | 70 years |
20 & 25 years | 0 years | 50 years | 70 and 75 years |
30 & 35 years | 0 years | 45 years | 75 and 80 years |