Bharti AXA eProtect + Plan
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
Bharti AXA Life eProtect + plan is a hassle-free, online term insurance plan that ensures protection for your loved ones at a nominal cost. A simple Term Insurance plan that protects your family if something unfortunate happens.
Product Description
- This plan is available at affordable premium rates.
- Sufficient Sum Assured to take care of your liabilities or loans in case of an eventuality.
- The plan provides inbuilt family care benefit feature.
- The plan provides life cover up to 75 years of age with flexible tenure options.
- The plan provides rewards for Non-Smokers by providing them premium discounts.
COMPARE & BUY SIMILAR PLANS
Unique Features
- Bharti AXA e-Protect + is a Traditional Plan without Bonus facility which can be purchased online.
- Online term plan which provides a life insurance cover till the age of 75 years.
- Provides Family Care Benefit - Provides 1 lac claim amount on submission of claim provided the policy is active.
Eligibility Criteria
| Eligibility Criteria | ||||||
|---|---|---|---|---|---|---|
| Minimum age at entry | 18 years for all terms except To Age 70 and To Age 75 years | |||||
| 30 years for To Age 70yrs and To Age 75 years. | ||||||
| Maximum age at entry | Policy Term | Maximum Entry Age (Age on last birthday) | ||||
| 10yrs | 65 years | |||||
| 15yrs | 60 years | |||||
| 20yrs | 55 years | |||||
| 25yrs | 50 years | |||||
| 30yrs | 45 years | |||||
| To Age 60yrs | 50 years | |||||
| To Age 65yrs | 55 years | |||||
| To Age 70yrs | 60 years | |||||
| To Age 75yrs | 65 years | |||||
| Policy Term | 10, 15, 20, 25, 30, To Age 60, To Age 65, To Age 70 and To Age 75 years | |||||
| Sum Assured | Min: Rs. 32,00,000 | Max: Subject to underwriting | ||||
| Premium Payment Term | Same as Policy Term | |||||
| Premium Payment Modes | Annual & Semi-Annual | |||||
OneInsure App Benefits
Product Benefit
- Maturity Benefit:
This is a pure term insurance plan and hence, there is no Maturity Benefit payable. - Death Benefit: In case of an unfortunate death, the Life Insurance benefit will be paid to the nominee subject to the Policy being in force. The Life Insurance benefit will be higher of:
- Sum Assured OR
- 10 times the Annualized Base Premium OR
- 105% of all premiums paid (excluding underwriting extra)
The Life Insurance benefit will be paid out depending on the option chosen at the inception of the policy:
A) Death Benefit Option 1:
- Sum Assured = Monthly Income for 15yrs which will be paid on a monthly basis in 180 equal installments.
- The monthly income will be Rs. 8.44 per Rs.1000 Sum Assured.
- The monthly income will not increase during the death benefit payment period.
B) Death Benefit Option 2 :
- Lump sum SA (paid immediately on acceptance of death claim) + 50% SA paid on an Annual Basis in increasing installments over a period of 10 years.
- The annual income will be Rs. 4.52 per Rs.100 of Sum Assured and increase by 10% (Compounding) each year till the end of the 10th year.
Other Policy Features
| Feature | Description | |||||
|---|---|---|---|---|---|---|
| Lapse | In case of death of the Life Insured while the Policy is in lapse status, no benefits shall be payable. | |||||
| Reinstatement | Flexibility to reinstate all the benefits under the policy within 2yrs if your policy has lapsed or is in paid-up status after the due date of the premium. | |||||
| The Company would require: | ||||||
| A written application from the customer for reinstatement | ||||||
| Satisfactory evidence of insurability | ||||||
| Payment of all overdue premiums with interest as specified by the company from time to time. | ||||||
| Surrender Value | The policy will be terminated. However, no surrender value is payable under this product. | |||||
Add-ons
Not Available
Exclusions
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy,
the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.
Tax Benefits
Tax Benefits will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961.
Claim Process
Know Claim Process Of Bharti AXA eProtect + Plan
Company Overview
Bharti AXA Life is a life Insurance player that was started in the year 2006. It brings together the strong financial expertise of the Paris - Headquartered AXA Group and Bharti Enterprises - which is one of the India's leading business groups with interests in telecom, agricultural business, financial services, and retail.
BENEFITS OF BUYING FROM ONEINSURE
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