Bharti AXA Life Serv Suraksha Plan

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment options

The Serv Suraksha Plan offered by Bharti AXA provides financial protection for the family of the life insured. This plan requires only one single premium payment for 5 years of protection. The plan has a survival benefit as well where 110% of the premiums will be payable if the life insured survives the policy term of this insurance plan. The Serv Suraksha Plan is specially designed to make insurance hassle free for customers.

Eligibility - Who is the Bharti AXA Life Serv Suraksha Plan for?

All life insurance policies have certain criteria set out that customers must meet in order to be eligible to avail the policy. The Serv Suraksha plan is a simple non-participating policy. The eligibility norms are more relaxed so as to reach the masses. You can find out more details about the eligibility criteria by contacting Bharti AXA.

Sum Assured and Premium Range - What you get and what the Bharti AXA Life Serv Suraksha Plan costs?

With this insurance plan, the minimum premium amount is Rs.100 and the maximum is Rs.1,000. In return, upon the death of the life insured, the nominee will receive 25 times the single premium paid. If the life insured survives till the end of the policy, then 110% of the premiums paid will be refunded.

*Premiums vary based on age, location, plan term and other factors

Plan Coverage - What the Bharti AXA Life Serv Suraksha Plan covers?

The Bharti AXA Life Serv Suraksha Plan has a number of benefits for the life insured and their family. This plan not only offers death benefits but also carries survival benefits. So in the event that the policyholder survives till the end of the policy term, they have nothing to lose as 110% of the premiums paid will be refunded. Given below are some of the important benefits associated with this plan.

Riders / Add-On Plans – Additional coverage under the Bharti AXA Life Serv Suraksha Plan:

There are no riders available with this plan.

Exclusions - What the Bharti AXA Life Serv Suraksha Plan doesn’t cover?

If the life insured commits suicide within 1 year from the commencement of the policy, whether medically sane or insane, the policy benefits are not payable. Bharti AXA will refund the single premium paid. The policy will be terminated after the payment.

Other Key Features – Freelook Period, Surrender Values, Grace Period etc.

Knowing the details mentioned in your life insurance policy document is very important. These details are mentioned in the policy document and you are advised to read it before purchasing it. Given below are some of the important features of the Bharti AXA Life Serv Suraksha Plan.

Tax Benefits – How you can save with the Bharti AXA Life Serv Suraksha Plan?

As per the prevailing tax laws in India, you can claim for tax benefits under Section 80C and Section 10(10 D) of the Income Tax Act, 1961. Tax laws are subject to amendments from time to time. You are advised to consult a tax advisor to maximise your benefits.

Other Benefits – How you can save with the Bharti AXA Life Serv Suraksha Plan?

When you choose Bharti AXA Life as your insurance provider, you can stand to benefit from the following:

• Manage the policy online
• Contact the customer care through various avenues
• Get a quote easily online for your insurance policy
• You can send an SMS to Bharti AXA to get advice on a policy
• You can ask for an advisor to guide you
• Get policy updates through SMSes
• Download brochures and policy bonds online
• Pay premiums online
• Register and track claims easily online

Why you should buy the Life Serv Suraksha Plan from Bharti AXA?

The inception of Bharti AXA dates back to 2006. Since then, the insurance provider has grown to be a leader and preferred company for financial protection and wealth management in the country. Bharti AXA has a wide range of insurance products and wealth management services in its portfolio. With innovative products catering to specific insurance needs, customers have an adequate selection to choose from. The company operates on a strong foundation of values such as pragmatism, integrity, professionalism, innovation, and team spirit.

The Life Serv Suraksha Plan is a good option for those who have dependents and in case of their unfortunate demise, would like to ensure their family has a sufficient amount to get by. This plan is designed to cater to the masses. Anyone with as little as Rs.100 can avail this plan. Furthermore, the plan is simple to understand and the process to avail one is easy.