Term Insurance April 24, 2021

An accident often comes without any prior warning and can affect your family both financially and emotionally. With the Bharti AXA Group Accidental Death Benefit Rider Plan, your family can get financial security in case you die due to an accident. This rider pays your family a monthly reducing coverage in case of your accidental death. With this payout, your family can fulfill their dreams even when you are not around.

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Before going any further, let’s check its prominent benefits mentioned below so that you can understand this rider plan better.

  1. Financial protection against unfortunate accidental death
  2. Flexible rider coverage term
  3. Flexible rider sum assured 
  4. Multiple premium payment frequency options
  5. A 15 or 30-day free look period
  6. Tax Benefits

Want to know these benefits of the Bharti AXA Group Accidental Death Benefit Rider Plan in detail? Well, this page could help you in the same. Without any further delay, let’s start!

Let’s Discuss the Benefits of Bharti AXA Group Accidental Death Benefit Rider Plan in Detail

Bharti AXA Group Accidental Death Benefit Rider Plan is a non-linked, non-participating, individual life insurance rider that offers a wide range of benefits to policyholders. We are showing each of them below. Please check!

Financial Protection Against Accidental Death

In case a policyholder dies because of an accident during the policy term, Bharti AXA will pay the monthly reducing coverage to the beneficiary. The reducing coverage will be calculated based on the coverage, its term and an assumed interest rate.

Flexible Rider Coverage Term

Policyholders can choose the Bharti AXA Group Accidental Death Benefit Rider Plan for a minimum of 3 to a maximum of 30 years. Do remember that the rider coverage term cannot be more than the policy term of the base plan. The premium payment term for this rider plan will also be the same as its coverage term.

Flexible Sum Assured Options

With this rider option, policyholders can choose the sum assured options according to their convenience. It ranges between INR 1,00,000 and 50,00,000. However, the sum assured of the rider plan cannot be greater than the sum assured of the base policy of Bharti AXA.

Tax Benefits

Policyholders can also enjoy tax benefits on the premium paid towards the rider plan under Section 80C of the Income Tax Act, 1961.

Bharti AXA Group Accidental Death Benefit Rider Plan Eligibility Criteria

Check below the eligibility criteria for the Bharti AXA Group Accidental Death Benefit Rider Plan.

  1. The minimum and maximum age at entry stand at 18 and 65 years, respectively.
  2. The maximum maturity age can be 75 years.
  3. The minimum group size should be 50 members

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