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Investment Plans 749 views January 27, 2021
Looking to fulfill the financial needs of your family in case you are not around? Well, Bharti AXA Life Super Series Plan can be the right option for you as it offers a lump sum amount at the end of your premium payment term, followed by increasing guaranteed payouts until the policy matures and a lump sum amount at maturity. It is a non-linked non-participating individual life insurance savings plan that helps individuals protect the dreams and goals of their families.
Here, we will be discussing some of the important aspects of the Bharti AXA Life Super Series Plan. Keep reading to know more!
Table of Contents
What are those amazing features that could make people choose Bharti AXA Life Super Series Plan? Well, we are showing the same below. Please check!
As we mentioned earlier, you can choose from two plan options while going for Bharti Super Series Plan. Both policy term and premium payment term depend on the desired option. In the case of the Super 6 option, the policy term will be 12 years while the premium payment term will be 6 years. On the other hand, when you choose the Super 12 Option, the policy term will be 20 years and the premium payment term will be 10 years.
Similar to the policy term and premium payment term, the minimum annualized premium also depends on the chosen option. In the case of the Super 6 option, the minimum premium amount will be INR 18,000, while in the case of the Super 12 option, this amount can be as low as INR 15,000. Also, you need to keep in mind that different premium payment intervals are available for you – annual, semi-annual, quarterly and monthly.
Want to know the key benefits to have with the Bharti AXA Life Super Series Plan? Well, we are showing them below. Have a look!
Individuals will start receiving guaranteed money back benefits right after the end of the premium payment term and will be paid at the end of each policy year until maturity. These benefits will be a percentage of the sum assured on maturity. Also, you should have paid all the premiums to get such benefits. To know more, you can check the table below.
For Super 6 Option | |
End of the Policy Year | Percentage of Sum Assured at Maturity |
6 | 50% |
7 | 12% |
8 | 15% |
9 | 18% |
10 | 21% |
11 | 24% |
For Super 12 Option: | |
End of the Policy Year | Percentage of Sum Assured on Maturity |
10 | 50% |
11 | 12% |
12 | 15% |
13 | 18% |
14 | 21% |
15 | 24% |
16 | 27% |
17 | 30% |
18 | 33% |
19 | 36% |
If a policyholder survives until the end of the policy term, he/she will receive the sum assured at maturity if the policy is in force.
The nominee or beneficiary will receive a death benefit in the event of the policyholder’s unfortunate demise. These benefits can be the highest of the following amounts.
There are a few important conditions that you should keep in mind when going for the Super Series Plan. Have a look below to know the same!