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Bharti AXA Life Secure Confident Plan

Have you ever thought of how your family will cope up financially in your absence? Though you cannot comfort them emotionally, you can always make sure that they are financially stable. Bharti AXA Life offers a long-term insurance plan to help their customers protect their loved ones financially and leave them well-equipped to handle any financial crisis in your absence. The best part of this plan is that it is very affordable.

Bharti AXA Life Secure Confident Plan gives a sum assured to the nominee in case of an unfortunate death. This plan is suitable for you if you are looking to safeguard your family against any financial loss in case of unfortunate death.

Eligibility – Who is the Bharti AXA Life Secure Confident Plan for?

Individuals will have to meet the eligibility criteria mentioned below to be eligible to purchase the Bharti AXA Life Secure Confident Plan:

Parameter Details
Plan Type Non-unit-linked, Non-participating Insurance Plan
Minimum Entry Age 18 years
Maximum Entry Age 55 years
Maximum Maturity Age 60 years

Sum Assured and Premium Range – What you get and what it costs?

Policyholders will be given a chance to choose the sum assured while buying a Bharti AXA Life Secure Confident Plan. They can choose the sum assured based on their financial requirements. Refer to the table below for more information on the sum assured and premium under this policy:

Parameter Details
Sum Assured Minimum sum assured under this plan is Rs.5,00,000. There is no upper limit for the sum assured under this plan.
Premium Payment Frequency Yearly, half-yearly, quarterly, and monthly
Premium Paying Term(PPT) 5, 10, 15, 20, and 25 years
Minimum Premium The minimum premium is Rs.1,500 for yearly premium payment mode, Rs.780 for half-yearly, Rs.405 for quarterly, and Rs.135 for monthly.
Maximum Premium No limit. Subjected to approval from the board
Term of the policy 5, 10, 15, 20, and 25 years

Plan Coverage – What the Bharti AXA Life Secure Confident Plan Covers?

Bharti AXA Life Secure Confident Plan has a lot of benefits. Some of them are:

  • This policy can be bought easily online.
  • Minimal documentation.
  • This policy offers a lump sum amount to the nominee if the insured person dies within the term of the policy.

Some of the other benefits under this plan are as follows:

Death Benefit In the event of the death of the insured person, the death benefit will be payable under the Bharti AXA Life Secure Confident Plan. The death benefit payable is the sum assured amount chosen by the policyholder at the inception of the policy.
   

Other Key Features of Bharti AXA Life Secure Confident Plan:

Following are some of the other key features of the Bharti AXA Life Secure Confident Plan:

Reinstatement If the policyholder does not pay the premiums that are due, the policy will lapse. A lapsed policy can be reinstated by paying the total outstanding due amount plus interest within 2 years from the first missed payment date.
Free Look Period The Bharti AXA Life Secure Confident Plan has a free look period of 15 days within which the policyholder can cancel the policy and get the premiums paid refunded.

Riders available under the Bharti AXA Life Secure Confident Plan:

Bharti AXA Life Secure Confident Plan offers a wide range of additional riders at an affordable price. Policyholders who are looking for extra protection or wanting a high sum assured can opt for these add-ons. Please note that a policyholder should be a minimum of 18 years and maximum of 55 years to buy an add-on policy. The benefits available under the rider plan are valid only till the base policy is active or till the insured person reached 60 years of age, whichever is earlier.

Exclusions – What is excluded from the Bharti AXA Life Secure Confident Plan?

The only exclusion available under the Bharti AXA Life Secure Confident Plan is the suicide exclusion.

Suicide Exclusion: If the insured person commits suicide, whether sane or insane, resulting in death, within one year from the date of issue of the policy, the insurance company will pay 80% of the premiums paid by the policyholder to the nominee or the beneficiary, provided the policy is active.

Tax Benefits – How you can save with the Bharti AXA Life Secure Confident Plan?

Policyholders who have purchased the Bharti AXA Life Secure Confident Plan will enjoy tax benefits under Section 80C of the Income Tax Act, 1961.

Why you should buy the Bharti AXA Life Secure Confident Plan?

Established in the year 2006, Bharti AXA Life is one of the most popular insurance providers in India. It is a joint venture of Bharti Enterprises and AXA. From time to time, Bharti AXA Life introduces innovative and customised insurance products to meet the insurance needs of customers. Their portfolio of financial products includes wealth management, retirement plans, protection, and saving plans. If you are looking for a reputable insurance provider who offers insurance coverage at an affordable price, look no further than Bharti AXA Life.