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Bharti AXA Life Child Advantage Plan

Updated On Oct 21, 2021

The Bharti AXA Life Child Advantage Plan is a non-linked participating life insurance policy that gives policyholders the option of two alternative maturity benefit options. The policyholder is offered Money Back and Endowment Option as maturity benefits at the start of the policy. Depending on the policyholder's financial goals, he or she can select between the two options.  Money back maturity benefits, which are paid out in the last five years of the insurance term if all premiums are paid and the policy is in effect, provide assured payouts. Moreover, the policyholder's family is covered by insurance during the policy's duration. In the sad case of the policyholder's death, the policyholder's Child will be entitled to all benefits as arranged at the time of the policy's creation. In addition, the policyholder's family will be exempt from paying any premiums in order to obtain benefits.

Bharti AXA Life Child Advantage Insurance Plan Advantages & Benefits

The following are some of the major advantages of the Bharti AXA Life Child Advantage Insurance Plan:

1. Maturity Benefits are an option.

You may select between two maturity advantages, namely money back and endowment, based on your child's career objectives. If the policyholder dies before the policy matures, his nominee will be entitled to guaranteed payouts for the remaining five years of the policy. This only applies if all premiums have been paid and the coverage is still active.

2. Policy Durability

The insurance delivers all anticipated benefits to the Child in the case of the life insured's death by waiving all future premiums. This guarantees that the child's goals are not jeopardized as a result of financial difficulties following the sad occurrence.

3. Benefits of Life Insurance

If the policyholder dies while the policy is still active, the nominee will get the highest of the following amounts: If you choose the money return option, you'll get 110 percent of your money back, and if you choose the endowment option, you'll get 125 percent of your money back 11 times the premium on an annualized basis amount guaranteed

4. Bonuses have the potential to increase your earnings.

The insurance firm may declare a surplus or profit distribution, in which case the policy is included. The policy earns a non-guaranteed yearly reversionary bonus and may be eligible for the insurer's non-guaranteed terminal bonus.

5. Option to select a premium payment term

You can choose from 11 and 21 years old depending on your child's age. Then you may choose between restricted pay and regular pay as a premium payment option. The policy term for the regular pay option is the same as the premium payment period. The premium payment term for the restricted pay option is the insurance term minus 5 years.


Customers who seek multiple advantages from their coverage can choose the Bharti AXA Life Child Advantage Plan. The policyholder may ensure his or her child's future while being covered by a life insurance policy with this plan. The policyholder can choose the premium, policy term, sum assured, maturity benefit choice, payment mechanism, and other aspects of the plan, making it adaptable to the policyholder's needs. In addition, the policyholder can save money on taxes by making use of the available tax benefits.

You may also like to read - Bajaj Allianz Young Assure Explained

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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