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  • Bharti AXA Life Riders

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

     Bharti AXA is one of the leading life insurance companies in India. It was established in the year 2006 as a joint venture between the Bharti Enterprises and the AXA Group. The group offers a wide range of quality financial products to the consumers. Apart from the various insurance plans, the company also offers 3 useful riders that policyholders can add to make their insurance plans even more suitable.

    The 3 types of riders offered by Bharti AXA Life Insurance are:

    • Bharti AXA Life Premium Waiver Rider: On adding this rider to you insurance plan, you will be able to get your future premium waived off.
    • Bharti AXA Life Accidental Death Benefit Rider: On adding this rider to an insurance plan, the policyholder will receive 100% sum assured in the unfortunate case of the demise of the policyholder in an accident.
    • Bharti AXA Life Hospi Cash Benefit Rider: On adding this rider to your health insurance, you will receive a fixed amount of money for every single day of hospitalization. Apart from this, you will receive a lump sum amount if you undergo a surgery or if you get admitted in the Intensive Care Unit.

    Benefits of Bharti AXA Life Riders:

    Following are the benefits of adding Bharti AXA Life Riders:

    • Enhanced protection: You can get enhanced protection by adding riders to your existing base policy for life, accident, and health.
    • Financial protection: Under the Bharti AXA Life Accidental Death Benefit Rider, your family will be protected financially in the case of an unfortunate event like accidental death, disability or dismemberment of the life assured.
    • Lump sum amount: Under the Bharti AXA Life Hospi Cash Benefit Rider, if you, the policyholder undergo a surgery, you will receive a lump sum amount equal to the rider sum assured to take care of the medical expenses.
    • Tax benefits: You can enjoy tax savings on premiums paid towards Bharti AXA Life Riders and benefit amounts under Section 80D and Section 10(10D), respectively.

    List of Insurance Riders Provided by Bharti AXA Life Insurance

    Bharti AXA Life Insurance provides three different kinds of insurance riders:

    Bharti AXA Life Premium Waiver Rider:

    The Premium Waiver Rider gives the policyholder additional protection that waives your premiums in future in case of an unfortunate event like death, diagnosis of critical illness, and death. After adding this rider, your benefits under the base insurance plan continue to be the same.

    Benefits and features of Bharti AXA Life Premium Waiver Rider:

    The following are the benefits and features of the Bharti AXA Life Premium Waiver Rider:

    • The benefits that you are entitled to from your base policy, you will continue to receive them even after the addition of this rider.
    • Once you add this rider to your insurance plan, all your future premiums get waived off.
    • You can get an enhanced life cover on your existing Bharti AXA Life Insurance Plan by paying a nominal additional premium for Bharti AXA Life Premium Waiver Rider.
    • The policyholder will not receive any paid-up value or surrender value with this rider. Once the policy is surrendered, no rider benefits will be paid.
    • The rider term of Bharti AXA Life Premium Waiver Rider is the same as the premium paying term of the base plan.
    • The premium paying term of this rider is the same as the premium paying term of the base plan.
    • The frequency of payment is the same as the base policy.
    • You can get tax benefits on premiums paid under Section 80C and on lump sum payouts under Section 10(10D).

    Bharti AXA Life Accidental Death Benefit Rider:

    This is a regular pay, non-linked, and affordable rider. On adding Bharti AXA Life Accidental Death Benefit Rider to an insurance plan, the policyholder will receive 100% sum assured in the unfortunate case of their demise in an accident. The payment under this rider will be subject to the condition that the rider should be in use during the mishap.

    Benefits and features of Bharti AXA Life Accidental Death Benefit Rider:

    The following are the benefits and features of Bharti AXA Life Accidental Death Benefit Rider:

    • Once the policyholder adds this rider to their base plan, they will receive an enhanced protection in the unfortunate event of their demise due to an accident.
    • The policyholder has the liberty to choose their coverage term of the rider.
    • The policyholder gets the freedom to choose their rider sum assured as well.
    • You can get tax benefits on premiums paid under Section 80C.
    • The policyholder will not receive any paid-up value or surrender value with this rider. Once the policy is surrendered, no rider benefits will be paid.
    • The rider term is a minimum of 5 years and a maximum of 75 years. The rider term cannot exceed the term of the policy of the base insurance policy.
    • In case of the death of the policyholder due to an accident, the beneficiary will receive 100% of the sum assured.
    • The frequency of premium payment under this rider is monthly, quarterly, semi-annually, and annually.

    Bharti AXA Life Hospi Cash Benefit Rider:

    On adding this rider to your health insurance, you will receive a fixed amount of money for every single day of hospitalization. Apart from this. You will receive a lump sum amount if you undergo a surgery or if you get admitted in the Intensive Care Unit.

    Benefits and features of Bharti AXA Life Hospi Cash Benefit Rider:

    The following are the benefits and features of Bharti AXA Life Hospi Cash Benefit Rider:

    • Once adding this benefit rider, the policyholder will receive benefits on each day of hospitalization.
    • The policyholder will receive a lump sum amount as payout if they are admitted in the Intensive Care Unit.
    • This rider also offers benefits if the policyholder undergoes a surgery.
    • The premiums paid for this rider are easy and affordable.
    • You can get tax benefits on premiums paid under Section 80C.
    • The policy term options available under this rider are 5, 7, 10, 15, and 20 years.
    • The frequency of payment of premium under this rider is monthly, quarterly, semi-annually, and annually.
    • The premium payment term is regular.
    Plan Name Entry Age Maturity Age Premium
    Bharti AXA Life Premium Waiver Rider 18 years 70 years Gets Waived
    Bharti AXA Life Accidental Death Benefit Rider 18 years 75 years A minimum of Rs.40 for products bought offline and a minimum of Rs.25 for products bought online.
    Bharti AXA Life Hospi Cash Benefit Rider 91 days 65 years The premiums payable for this rider are calculated based on the Sum Assured chosen by the policyholder under this rider.

    Why one needs Bharti AXA Life Riders?

    Bharti AXA Life Insurance Company Limited offers 3 types of riders that are designed to offer enhanced protection against critical illnesses, hospitalization, and accidental disabilities. Protect your family with a comprehensive life cover that can be used to meet their financial requirements in your absence.

    With Bharti AXA Life Riders, you can get up to 100% of the sum assured on your existing Bharti AXA Insurance Plan for a nominal additional premium. You can also enjoy tax savings on rider premiums paid, benefit amounts, and premiums paid toward any of the riders under Section 80C, Section 10(10D), and Section 80D.

    This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.