Bharti axalife dhan varshaplan is a traditional non-linked participating plan that provides a lump sum at the end of the policy term, non-guaranteed cash bonuses beginning from the seventh year and guaranteed survival benefits from the tenth year.

Features and benefits

• Benefits - in the event of the policyholder's demise, his/her nominees stand to receive either the higher of the sum assured on death or 105% of premiums paid till date of demise. In case of survivalof the life insured until policy maturity, the sum assured on maturity is payable.

• Policy term- you get to choose from two policy terms - 20 years and 25 years - with premium payment terms of 10 and 15 years, respectively.

• Bonus - the plan comes with non-guaranteed cash bonuses, if any.

• Riders - riders available on this plan include hospi cash rider, accidental death benefit rider, premium waiver rider, bharti axa life term rider.

Eligibility criteria:

• The minimum age at entry should be 91 days.

• The maximum age at entry is 55 years for plan term of 20 yearsand 50 years for plan term of 25 years.

• The maximum age at maturity entry is 75 years.

• The minimum sum assured is Rs 25,000.

• There is no limit on the maximum sum assured.

• The minimum premium is Rs 3,443 for plan term of 20 years and Rs 2,515 for plan term of 25 years.