• Bharti AXA Life eProtect

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    Bharti AXA Life eProtect is a simple term insurance plan that has low costs of premium and it allows one to provide for his/her family in case of an unfortunate untimely demise. The plan can be applied for online and the medicals can be done from the comfort of one's home.

    Eligibility Criteria for Bharti AXA Life eProtect:

    Age - The ages mentioned are as per the last birthday

    1. Age at entry - Minimum 18 years and maximum 65 years
    2. Age at maturity - Minimum 28 years and maximum 75 years

    Features and Benefits of Bharti AXA Life eProtect:

    The key features of this policy can mentioned as below -

    1. Available for individuals from 18 to 75 years of age.
    2. Minimum Sum Assured of Rs 25 lakhs.
    3. Critical Illness and Accident Death and Injury riders available at low additional premiums.
    4. Tax benefits under Section 80 (C) and 10 (10 D).
    5. Simple and easy to maintain policy.
    6. Premium can be paid in monthly/quarterly/half-yearly/yearly instalments.
    7. Quick and hassle-free processing.
    8. Benefits paid out to nominee if death occurs within policy period.
    9. No maturity benefits.
    1. Policy Term -
      • Fixed Policy Term -
        • Minimum - 10 years
        • Maximum - 30 years
      • Customised Policy Term -
        • Up to 60 years
        • Up to 65 years
        • Up to 70 years
        • Up to 75 years
    2. Premium Payment Terms - The premium payment term for this policy is the same as the policy tenure
    3. Premium Payment Frequency - The premiums for this policy can be paid in annual or semi-annual modes
    4. Sum Assured - The minimum sum assured is Rs. 25,00,000 and there is no maximum limit on the same, based on the company’s discretion

    Benefits offered by Bharti AXA Life eProtect are -

    1. Life Insurance Benefit - In case of the death of the life insured, an amount equal to the sum assured will be paid to the nominee
    2. Family Care Benefit as part of Life Insurance Benefit - In case the policy is in force and at least 2 consecutive years’ premiums have been paid, a sum of Rs. 1,00,000 can be paid as a lump sum to the nominee within 48 hours of submission of relevant claims pertaining to the death of the insured
    3. Monthly Income Benefit as part of Life Insurance Benefit - In this option, the lump sum amount of Death Benefit is paid over a course of 15 years per month
    4. Lump-sum + Increasing Income Benefit - Apart from a lump sum, an income is provided to the nominee and it increases by 10% per subsequent year and ends at the 15th year
    5. Tax Benefits - As per the Income Tax Act of 1961, the premiums paid and the benefits from this term insurance plan are acceptable terms for tax benefits

    Example Scenario:

    Govind, aged 30, has just switched jobs and is about to get married soon. He opts for a Rs. 2 crore life cover with Bharti AXA Life eProtect. Being a non-smoker, he gets preferential rates and needs to pay Rs. 12,000 per year under a fixed policy that will cover him for 65 years. He also applied for a lump sum benefit along with increasing income option to try and be future ready.

    32 years later, Govind, father to Nikhil and husband to Rati, unfortunately passes away. Nikhil’s wedding had been planned, and Rati’s medical treatment was in full swing. The loss was unprecedented, but their financial life hasn’t been affected in the least. As per the policy options chosen by Govind, they will now receive an approximate amount of Rs. 82 lakhs as a lump sum benefit and for the next 15 years, an annual income starting at Rs. 7 lakhs growing at 10% every subsequent year will be provided to them by Bharti AXA Life.

    Frequently Asked Questions: 

    1. What are the exclusions to the policy?

      If the insured commits suicide within 12 months of the commencement or revival of the policy, the nominee shall receive a sum equal to 80% of all the premiums paid and no insured benefit will be provided.

    2. What happens if I do not pay the premiums on time or discontinue payment completely?

      A grace period of 30 days will be allowed to continue the payment of premiums, but if in case payments are not done within that time, the policy will lapse. If the demise of the life insured happens within the grace period, the Death Benefit will be less the unpaid premium amount.

    3. Can the policy be revived?

      The policy can be revived within 2 years from the date of the last paid premium after it has lapsed. All outstanding premiums along with the interest as applicable need to be paid for a successful policy revival

    4. What if I decide not to go ahead with the plan?

      A free look period of 15 days is allowed after the policy is availed, and the policy can be returned within the same time frame.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Bharti AXA Life eProtect Term Plan Reviews

  • Page 1 of 1
    • Bharti Axa Life Insurance
      "Satisfactory service"
      0.5 2.0/5 "Expected more"
      I am holding a life insurance coverage with Bharti AXA for the past 2 years. Bharti AXA true wealth is the name of the policy and the tenure is 5 years. I have successfully completed 2 years. Customer service is very good and there are no hidden charges at all. Only concern is the person who met me while opening the policy was not that transparent. Also the returns are very poor.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2014
    • Bharti Axa Life Insurance
      "Guaranteed returns"
      0.5 4.0/5 "Great!"
      I have taken a policy for my son from Bharti AXA in the year 2012. Customer service is good and they are very clear on the policies. I pay a premium of around rs30000 per year for 18 years. After maturity my son will be receiving the returns every years without fail until his death.
      Was this review helpful? 0
      , nasik
      Reviewed on Jun 24, 2014
    • Bharti Axa Life Insurance
      "Good but I don't recommend"
      0.5 4.0/5 "Great!"
      One of my friend suggested to open a policy with Bharti AXA hence I started a term policy in the year 2009. Tenure is 5 years and the returns are good based on the market rate. It is a market plan and purely depends on the market rate. It was very easy for me to open a policy with only few documents. Online service is very useful to manage the policy. Rate of interest is fine but I don't recommend for some reason.
      Was this review helpful? 7
      , chennai
      Reviewed on Jun 19, 2014
    • Bharti Axa Life Insurance
      "More response is required in terms of our request"
      0.5 3.0/5 "Satisfactory"
      I have a term insurance with Bharti AXA for the past 3 years and their claim settlement ratio is good. The policy amount is depended on my age and one thing is on the request of original insurance paper, they will not send it to the customers regularly and they miss it. When we request it, they keep charging for the duplicate and it would be better if they can be more responsive.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 13, 2014
    • Bharti Axa Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am over all satisfied with Bharti AXA Life Insurance the processing and the documentation was very quick, and the customer service executives are very friendly, but need to improve on the follow up and to provide an alert message on the policy renewal dates.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 26, 2014
    • Bharti Axa Life Insurance
      "Quite disappointing"
      0.5 1.0/5 "Really Bad"
      I started my life insurance policy with Bharti AXA in the year 2007. I am quite unhappy about the returns on maturity. It always depends on the market rate at the time of maturity. My returns on maturity was 20% lesser than my premium paid for five years.
      Was this review helpful? 2
      , mumbai
      Reviewed on May 16, 2014
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