Term Insurance 1454 views April 21, 2021

Bharti AXA Life eProtect is an online term insurance plan that provides life cover up to the age of 75 years. If you purchase this term insurance plan, you can get financial protection for your family in case of an unfortunate event like death. Key benefits of Bharti AXA Life eProtect Plan are –

  1. Family Care Benefit
  2. Affordable Premium Rates
  3. Reward for Non-Smokers
  4. Hassle-Free Buying

Learn more about the features & benefits of the Bharti AXA Life eProtect Plan in this post below.

Term Insurance

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Bharti AXA Life eProtect Benefits

This online term insurance plan offers you the following benefits –

Family Care Benefit

In case of your unfortunate death, the insurer will pay INR 1,00,000 to the nominee within 48 hours of submission of all the relevant claim documents. This benefit is provided to the nominee if the life insured has completed two policy years from the date of issuance of the policy or the date of the latest reinstatement.

The Family Care Benefit will be payable as per the following conditions:

  1. The insurance company releases a cheque on intimation of death of the life insured in the nominee’s name within 48 hours of submission of all the relevant claim documents, and this doesn’t indicate acceptance of any other policy liability.
  2. The 48-hour period will start from the time when the claimant submits the following documents – original policy bond, death certificate of the life insured and claimant’s statement along with his or her KYC documents at Bharti AXA branch office. However, the 48 hours will be reckoned from 9 a.m. of the next working day if the intimation of death is received on Saturdays, Sundays, and Holidays declared by the company and Public Holidays.
  3. In case the life assured has multiple policies, the Family Care Benefit will be restricted to INR 1,00,000 only.
  4. Balance Sum Assured shall be payable to the nominee after adjusting the Family Care Benefit amount.
  5. Cases, where the claimant is other than the nominee as per the insurer records, are excluded.

Affordable Premium Rates

You can get yourself insured at affordable premium rates under Bharti AXA Life eProtect Plan. Premium discounts are also available if you are a non-smoker and have applied for a sum assured of INR 50,00,000 or more.

Sample Premium Rates for Bharti AXA Life eProtect Plan

Age (In Years)Premium Rate for Sum Assured of INR 1 Crore (In INR)
Policy Term (In Years)

Note – The above-mentioned premium rate is calculated as an annual premium excluding service tax, for a healthy individual male (non-smoker). Premium rates for smokers may vary and be based upon the underwriting decisions made by the insurance company.

Free Look Period

If you disagree with any of the terms and conditions of the Bharti AXA Life eProtect Plan, you can return the policy to the insurer stating reasons for the objection within 30 days of receipt of the policy. When the insurer receives a cancellation request during the free look period, the policy is canceled and an amount equal to paid premiums less stamp duty and medical expenses, if any, will be refunded to you.

Suicide Exclusion

If the life assured commits suicide within one year of the issue date or one year from the date of the latest reinstatement of the policy, the company will pay 80% of the paid premiums to the nominee as on the date of death, provided the policy is in force.

Online Purchase

You can buy the Bharti AXA Life eProtect Plan on the official website of the life insurance company.

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