• Bharti AXA Life Samriddhi Plan

     0.0 / 5.0   by 0 users
    Used this product? Write a review >>

    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Overview

    This is a non-linked participating endowment plan that offers insurance cover, and the opportunity to be a part of the profits of the participating funds of the company. The Bharti Axa life insurance plan does this through non-guaranteed bonuses that become payable to you on maturity, or to you nominees in the unfortunate event of your demise.

    Eligibility Conditions of Bharti AXA Life Samriddhi

    Premium Payment Term

    Policy Term

    Minimum Age

    Maximum Age

    5 years

    10 years

    8 years

    55 years

    10 years

    10 years

    8 years

    55 years

    12 years

    20 years

    0 years

    50 years

    15 years

    15 years

    3 years

    55 years

    20 years

    20 years

    0 years

    50 years

    25 years

    25 years

    0 years

    50 years

    30 years

    30 years

    0 years

    45 years

    35 years

    35 years

    0 years

    45 years

    Key Features of Bharti AXA Life Samriddhi

    Type

    Non-linked, participating endowment plan.

    Basis

    Individual.

    Coverage

    • Death Benefit: If the policyholder dies, the following benefits will be payable to the nominee:
      • Basic life insurance cover.
      • Accrued non-guaranteed annual simple reversionary bonus.
      • Non-guaranteed terminal bonus.

    The Basic Life Insurance Cover will be the higher of:

    • Sum Assured at Maturity, or
    • 11 times the Annualised Premium.

    The Death benefit will never be lower than 105% of all premiums paid.

    • Maturity Benefit: On maturity, the policyholder will receive:

      • 100% of the Sum Assured on maturity.
      • Accrued non-guaranteed annual simple reversionary bonus.
      • Non-guaranteed terminal bonus.
    • Potential to receive additional benefits:
      • Non-guaranteed annual simple reversionary bonuses gets accrued at the end of each year.
      • Only possible if all premium payments have been made.
      • Non-guaranteed annual simple reversionary bonus are paid out on maturity or death, whichever comes first.
      • Non-guaranteed terminal bonus are payable along with maturity or death benefit (as applicable)

    Sum assured

    Depends on minimum premium.

    Premium amount

    • For a term of 5 and 10 years, the minimum annual premium is Rs.18,000.
    • For a term of 12 and 15 years, the minimum annual premium is Rs.12,000.
    • For a term of 20 and 25 years, the minimum annual premium is Rs.6,000.
    • For a term of 30 and 35 years, the minimum annual premium is Rs.3,000.

    Premium paying frequency

    Monthly, Quarterly, Semi-annual and Annual.

    Premium Option

    Premium Option

    Policy Term

    Premium Payment Term

    Limited Premium Term

    10 years, 20 years

    5 years, 12 years

    Regular Premium Terms

    10 years, 15 years, 20 years, 25 years, 30 years, 35 years

    Equal to policy term

    Riders

    1. Hospi Cash Rider – gives a fixed benefit for each day of hospitalization and a lump sum benefit in cases of surgeries.
    2. Premium Waiver Rider – 100% of the future premiums under the base policy are paid by the Company in case of the unfortunate event of the death of the policyholder.

    Bonuses

    • Bonuses apply as under:
      • Non-guaranteed annual simple reversionary bonuses gets accrued at the end of each year.
      • Only possible if all premium payments have been made.
      • Non-guaranteed annual simple reversionary bonus are paid out on maturity or death, whichever comes first.
      • Non-guaranteed terminal bonus are payable along with maturity or death benefit (as applicable)

    Surrender Value

    The surrender value is acquired if minimum of 2 years premiums have been paid for a policy term of 5 years.

    Loan

    Not available.

    Free look period

    The plan has a 15 days free look period from the date of receipt of the policy document in the case of offline policy issuance and 30 days if the policy has been given through the IRDA approved guidelines for distance marketing.

    Grace period

    The policyholder will get 30 days grace period from the premium due date.

    Tax benefits

    Tax benefits are as applicable by law, and are subject to change as per the Income Tax Act and applicable laws. Currently, the tax benefits are applicable under Section 80C and 10 (10D) of the Income Tax Act, 1961.

    Exclusion

    Suicide exclusion is applicable. If the insured commits suicide within 1 year of the policy commencement or revival, 80% of the premiums paid or the surrender value (whichever is higher) will be paid to the nominee

    Termination

    The policy will be terminated on surrender of the policy, and if the policy is not reinstated after the reinstatement term.

    Advantages of Bharti AXA Life Samriddhi

    • Life insurance cover will be payable to your family, in case the worst should come to pass.
    • Lump sum pay out at maturity, if you survive till the maturity date.
    • The policy participates in surplus profit distribution, so at any time that surplus profits are declared by the company, a non-guaranteed annual simple revisionary bonus gets accrued to the policy at the end of each year.
    • 8 premium paying terms to choose from.
    • Tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

    How The Plan Works

    Mr. Babu, a 35 year old software engineer pays an annual premium of Rs.25,000 and his Sum Assured is Rs.6,98,129 for a term of 25 years.

    The bonus and maturity benefit at 4% on accumulated non-guaranteed simple annual reversionary bonuses plus non-guaranteed terminal bonus is Rs.1,72,787.

    The Sum Assured plus accumulated non-guaranteed simple annual reversionary bonuses plus non-guaranteed terminal bonus is Rs.8,70,916.

    The bonus and maturity benefit at 8% on accumulated non-guaranteed simple annual reversionary bonuses plus non-guaranteed terminal bonus is Rs.6,81,548.

    The Sum Assured plus accumulated non-guaranteed simple annual reversionary bonuses plus non-guaranteed terminal bonus is Rs.13,79,677.

    Premium Payment and Riders

    Premiums can be paid on a monthly, quarterly, semi-annual and annual basis, for the following term options:

    • 5 and 10 years, the minimum annual premium is Rs.18,000.
    • 12 and 15 years, the minimum annual premium is Rs.12,000.
    • 20 and 25 years, the minimum annual premium is Rs.6,000.
    • 30 and 35 years, the minimum annual premium is Rs.3,000.

    There are two premium options, Limited Premium Term and Regular Premium Term, under which are various policy terms, as represented below:

    Option

    Limited Premium Term

    Regular Premium Terms

    Policy Term

    10 years, 20 years

    10 years, 15 years, 20 years, 25 years, 30 years, 35 years

    Payment Term

    5 years, 12 years

    Equal to policy term

    There are 2 riders applicable:

    1. Hospi Cash Rider – gives a fixed benefit for each day of hospitalization and a lump sum benefit in cases of surgeries.
    2. Premium Waiver Rider – 100% of the future premiums under the base policy are paid by the Company in case of the unfortunate event of the death of the policyholder.

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

    Bharti AXA Life Samriddhi Plan Reviews

  • Page 1 of 7 1 2 3 4 5
    • Bharti Axa Life Life Insurance
      "Best Policy Ever with Good Sum Assured Amount"
      0.5 5.0/5 "Blown Away!"
      Bharati - Axa policy is a death benefit policy. We will not get anything if nothing happened within the tenure of the policy. The family will get the amount if something happened to the policy holder. This a Term insurance Policy. I have been paying Rs.18000/ per year. The Sum assured amount is 1 crore. There is no others benefits. Total Tenure of the policy is 20 years. This is the best policy ever in the market
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 03, 2018
    • Bharti Axa Life Life Insurance
      "Satisfied"
      0.5 4.0/5 "Great!"
      My life insurance is with Bharti-Axa. The services are good. It was quite easy to buy the policy. The tenure is for 15 to 20 years. The premium is paid on a quarterly basis. I can make my payments on time and it the sum assure is also good. It is beneficial too.
      Was this review helpful? 0
      , solapur
      Reviewed on Mar 23, 2018
    • Bharti Axa Life Life Insurance
      "Good insurance"
      0.5 4.0/5 "Great!"
      I have taken a life insurance policy with Bharti Axa. It is a good policy and am satisfied with the benefits. The customer was good. The total duration is 12 years and I have completed 5 years. I pay the premium through online. I am paying 50K per annum for this policy.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 13, 2018
    • Bharti Axa Life Life Insurance
      "Average Policy"
      0.5 2.0/5 "Expected more"
      I have a term insurance with Bharti Axa from last 3 years and it is a average policy to use. The tenure of this term insurance is 20 years. I make my premium payments once in a year by net banking. Customer service is not up to the mark and they do not give the right information about the policy. I am happy with the coverage of this policy.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 08, 2018
    • Bharti Axa Life Life Insurance
      "Good Investment"
      0.5 4.0/5 "Great!"
      I have taken around 5-6 Insurance policy from Bharathi Axa. I have been paying Rs.17000 as a premium for a year. They are giving me good return on it. It's a monthly Income plan. The return is a fixed one and as per market standards. Decent experience with them.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 02, 2018
    • Bharti Axa Life Life Insurance
      "Excellent"
      0.5 4.0/5 "Great!"
      Taken a life insurance with BHARTI-AXA LIFE INSURANCE. The insurance is policy is good and plan benefits are really very good. The payment is done via online transfer. Also I have been paying rs 1,00,000 per year. The tenure period is for 15 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 14, 2018
    • Bharti Axa Life Life Insurance
      "Best"
      0.5 5.0/5 "Blown Away!"
      Taken my life insurance with BHARTI-AXA LIFE INSURANCE, their response is great with them and I have not faced any issues with them till now. I have completed 10 years with them. Responsiveness and other features are really better one with the BHARTI-AXA LIFE INSURANCE.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 23, 2018
    • Bharti Axa Life Life Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Bharti axa life insurance company and their response is fine one with them and I have not faced any issues with them till now. Responsiveness and other features are really better one with the Bharti axa life insurance company.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 18, 2018
    • Bharti Axa Life Life Insurance
      "One of the best"
      0.5 5.0/5 "Blown Away!"
      I do have life insurance policy with the Bharti Axa life insurance company and I have not made any claims with them. Its the term policy and the coverage value is around a crore of Rupees like I would say its really a huge one. Customer service is up to the mark with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 02, 2018
    • Bharti Axa Life Life Insurance
      "Reliable Insurance "
      0.5 4.0/5 "Great!"
      I have taken a Term Insurance with Bharti -Axa Life insurance.I pay the lowest premium compared to others but the benefits are huge unlike other companies.The premium amount is 8400.The policy coverage is 50 lakhs.I have this policy ten years ago.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 13, 2017
    • Bharti Axa Life Life Insurance
      "Plan benefit should be increased"
      0.5 3.0/5 "Satisfactory"
      I am not happy about Plan benefits of Bharthi AXA life insurance, I used to make high premium for the policy cover but its not upto the mark. I paid the tenure of ten years, but I got some benefits, I would like to suggest them, they should increase their benefit of policy.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 01, 2017
    • Bharti Axa Life Life Insurance
      "Good term policy"
      0.5 4.0/5 "Great!"
      I got this Insurance trusting the Rs. 1 Crore coverage provided by this company. I have been paying Rs. 7500 per year and doing it properly for the past 3-4 years. I have taken a term policy and am making the payment through online. The overall experience with them has been good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 24, 2017
    • Bharti Axa Life Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I am having the Bharathi-axa life insurance policy for past 3 years. This policy has the term of Rs10years. I pay Rs, one lakh as premium to this policy. I pay the premium through ECS mode , it will get auto deducted from my savings account. I would say I got good policy to use.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2017
    • Bharti Axa Life Life Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a life insurance with Bharati- Axa.I have been using it since 2012.I pay a premium amount of Rs 9000 annually.I make a payment through online.I get a policy coverage of 1 crore.The online service is good,comfortable to check for the updated information.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • Bharti Axa Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      Have life insurance policy with Bharathi axa for past one year . This policy has the tenure of 12years. I pay the premium of Rs,15000 every year, The customer support is good with Bharathi axa life insurance policy. I would say it is a very good policy to use.
      Was this review helpful? 0
      , guntur
      Reviewed on Nov 11, 2017
    • Bharti Axa Life Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have the life insurance policy with the Bharti axa life insurance company and the customer service is good one for me. I would like to say that the policy coverage value is up to the mark and I really dont have any issues on it.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Nov 04, 2017
    • Bharti Axa Life Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a life insurance service with BHARATHI AXA it was about seven years I have taken one policy with BAHRATHI AXA and the payments where online staffs are good but I feel the policy and the charges are not as much as I expected from BHARATHI AXA.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 31, 2017
    • Bharti Axa Life Life Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      Have the Bharathi axs life insurance policy for past 21years. The life insurance service is good with baharathi axa. I pay the premium of Rs,55,000 per year. This policy has the tenure of 25years. The customer support is good with bharathi axa.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 25, 2017
    • Bharti Axa Life Life Insurance
      "Benefits are good"
      0.5 5.0/5 "Blown Away!"
      Bharti Axa life insurance is pretty good in the customer services. They send me reminders for the payments and it is easy to make the payments online as well. The tenure is for 25 years and the benefits and coverage for the policy is satisfactory.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 25, 2017
    • Bharti Axa Life Life Insurance
      "Average "
      0.5 2.0/5 "Expected more"
      I am having the life insurance policy with the Bharti Axa life insurance policy because they used to not provide the proper response to the customer after getting the policy. Customer service is not really a good one with them and the plan benefits are good one but the executives are not up to the mark while it comes to the matter of services.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 07, 2017
    Common Loader Icon
    Page 1 of 7 1 2 3 4 5
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.