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Term Insurance 1101 views January 25, 2021
The occurrence of a critical illness can be as fearful as death. With Bharti AXA Life Flexi Term Plan, individuals can protect their lives along and choose a critical illness rider. With this term insurance plan from Bharti AXA, individuals can be assured of the financial safety of their family in case something unfortunate like death or critical illness happens to them. You can choose from 3 benefit payout options according to your family’s requirements.
Want to know more about the key features of the Bharti AXA Life Flexi Term Plan? Well, you can know the same on this page where we will discuss its key features along with sum assured and policy term options, etc. Keep reading to know more!
Table of Contents
A term life insurance plan helps individuals protect themselves and their families in case of an unfortunate event. But what are those reasons that make Bharti AXA Life Flexi Term Plan one of the popular plans among customers? Well, you can understand the same by looking at its key features shown below. Please check!
Sum Assured is one of the most important aspects to look for when choosing a term insurance plan. In the case of the Bharti AXA Life Flexi Term Plan, the minimum and maximum sum assured will be as follows.
Parameter | Life Cover option (In INR) | Life Cover with Critical Illness Option (In INR) |
---|---|---|
Minimum Sum Assured | 10 lakh | 10 lakh |
Maximum Sum Assured | 25 lakh | Life Cover - 25 lakh Critical Illness - 25 lakh |
When it comes to the policy term of the Bharti AXA Life Flexi Term Plan, individuals can choose from different options. Also, the policy term remains the same for both Life Cover and Life Cover with Critical Illness option. There are two options from which you can choose. In the fixed policy term option, you can choose a policy term of 5, 10, 15 or 20 years. Other than this, you can choose a policy term up to the age of 60 or 75 years.
The premium payment term will be the same as the chosen policy term. Bharti AXA also provides different premium payment modes such as annual, semi-annual, quarterly and monthly.
Bharti AXA Life Flexi Term Plan provides a range of benefits that you can see below.
The company will pay a death benefit to the nominee in case of the unfortunate demise of the policyholder. The death benefit will be the highest of the following amounts.
Individuals can choose from the following death benefit options at the time of entering into the policy. Have a look below!
If any critical illness (covered under the policy) occurs, the company will pay a sum assured to the policyholder at the time of its occurrence. Do remember that policy should be in force with no due premiums to get this payout.
An individual should keep a few important points when choosing this plan from Bharti AXA. We are showing these points below. Please check!