Bharti AXA Life Flexi Save Plan


is a participating life insurance plan which offers both death and maturity benefits to the policyholder. It also offers bonuses like reversionary and terminal bonuses which makes it a good policy to plan for planning for big expenses in the future. Since it is a limited pay policy, the premiums also don’t have to be paid for the duration of the policy tenure. Policyholders also become eligible for tax benefits when investments are made in this policy.

Eligibility Conditions of Bharti AXA Life Flexi Save

Entry age

The minimum and maximum entry ages will depend on the policy term selected.


Min age

Max age

20 years

8 years

65 years

25 years

3 years

60 years

30 years

0 years

55 years

Maximum maturity age

85 years

Key Features of Bharti AXA Life Flexi Save


Limited pay traditional participating

Sum assured

The minimum sum assured will depend on the minimum premium payable.


Death benefits: The death benefits under this policy will be the higher of the following three conditions:

  • Sum assured
  • 105% of all the premiums paid.
  • 11 times the base annual premium in all except if the premium paying term is 5 years and the insured is over 45 years of age, in which case it will be 7 times the annual premium.

Maturity benefits: The maturity benefits paid under this policy are the sum assured and any accrued or terminal bonuses applicable.




The minimum premium payable will depend on the policy term.

Policy term

Minimum premium

20 years

Rs. 30,000

25 years

Rs. 24,000

30 years

Rs. 15,000

Premium paying term

The premium paying term for each of the three options for policy terms is different.

  • For 20 year policies it is 5 years
  • For 25 year policies it is 7 years
  • For 30 year policies it is 12 years

Premium paying modes

Monthly, quarterly, semi-annual and annual

Policy term

There are 3 choices when it comes to policy terms

  • 20 years
  • 25 years
  • 30 years

Policy validity

The policy validity is the same as the policy term.


Not Applicable


This policy offers two non-guaranteed bonuses

  • Simple reversionary bonus
  • Terminal bonus

Other features

  • Freelook period: The freelook period for this policy is 15 days from the day on which the policy document is received.
  • Grace period: The grace period for the payment of premiums will be 30 days from the due date.
  • Policies that have not acquired a surrender value and have lapsed due to non-payment of premiums can be reinstated within 2 years of lapsing.
  • If the life insured commits suicide within one year of the policy being in effect, the death benefits won’t be payable. The premiums paid, however, will be returned.

Add-on covers / Riders

This policy can be coupled with a Hospital Cash rider to enhance its protection.

Benefits/Advantages of Bharti AXA Life Flexi Save

  • The premiums paid towards this policy and the benefits received from it are eligible for tax benefits under section 80C and 10(10D) of the IT Act.
  • Surrender benefits: The policy will pay surrender benefits if it has achieved a surrender value. This surrender value can be 30% to 90% of all the premiums paid and will depend on after how many years the policy has been surrendered.
  • Once the policy has achieved a surrender value, the policyholder will be able to take a loan of up to 70% of the surrender value of the policy.
  • If the policy has reached a surrender value and the premiums are not paid for 2 years, instead of lapsing, the policy will achieve a paid-up value according to the premiums that have been paid.
  • This particular policy offers a flexible benefit period in which policyholders can

How the Plan Works?

Being a , the way it works is incredibly simple. The policyholder can choose to pay a particular premium every year. Based on this and his/her age, a sum assured will be assigned. The benefits payable under the policy will be as per the condition of the claim, as in, is it for the death of the life insured, is it a maturity benefit claim, etc. In case the policyholder needs funds in a hurry and the policy is in the felxi benefit period, the maturity benefits will be paid early without any deductions for early payments.

Premium Payment

The premiums that are to be paid towards this policy are calculated based on the premium paying term and the age of the life insured. The table below will illustrate the range of premiums payable per Rs. 1,000 of the sum assured.

Premium paying term

Premium per thousand of sum assured

5 years

Rs. 170 to Rs. 183.79

7 years

Rs. 170 to Rs. 183.79

12 years

Rs. 170 to Rs. 183.79


This plan can be coupled with the Hospi Cash rider that pays the life insured a daily cash benefit in case of hospitalisation and also pays a lump sum to them if they need to undergo a surgery.

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

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