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Everything You Need To Know About Bharti AXA Life Flexi Term Plan

Updated On Aug 08, 2021

About Bharti AXA Life Flexi Term Plan 

Bharti AXA Life Flexi Term plan is a simple protection plan that provides financial protection from the uncertainties of life. This plan also provides optional critical illness benefits. There are two critical illness covers available under Bharti AXA Life Flexi Term plan, which are Comprehensive Cover which covers 34 critical illnesses and Major Illness Cover which covers 15 major critical illnesses. This plan also provides multiple death benefit payout options which are Lump Sum, Increasing Monthly Income and Part Lump Sum Part Increasing Monthly Income. 

This plan provides protection against 34 critical illnesses and offers financial stability to your family in case of your sudden demise during the policy term. 

Key Features Of Bharti AXA Life Flexi Term Plan

Following are the key features of Bharti AXA Life Flexi Term plan:

  • Provides financial security to your family in case an unforeseen event takes place.
  • Offers multiple death benefit payout option such as Lump Sum, Increasing Monthly Income and Part Lump
  • Sum Part Increasing Monthly Income
  • Offers optional critical illness benefit 
  • Offers waiver of premium on critical illness benefit
  • Flexibility to choose the premium payment mode
  • You can avail tax benefits under this plan

Benefit Of Bharti AXA Life Flexi Term Plan

Following are the benefits that you can avail under Bharti AXA Life Flexi Term plan:

1. Financial Security

Bharti AXA Life Flexi Term plan provides financial security to you and your family in difficult circumstances such as your unfortunate demise during the policy term or on diagnosis of a critical illness. In case of your unfortunate demise during the policy term, the beneficiary shall receive a death benefit which will provide them financial security to meet their daily financial requirement and fulfill their goals. 

2. Critical Illness Benefit

Bharti AXA Life Flexi Term plan provides optional critical illness benefit. As per the cover option chosen by the life assured a sum shall be provided in case the life assured is diagnosed with a listed critical illness, or the future payable premiums shall get waived off in case the life assured is diagnosed with any listed critical illness. This plan has two critical illness options namely Comprehensive Cover and Major Illness Cover. 

3. Multiple Death Benefit Payout Options

This plan provides multiple death benefit payout options. The nomine can choose to receive the death benefit payout as Lump Sum, Increasing Monthly Income, Part Lump Sum and Part Increasing Monthly Income.

Eligibility Criteria Of Bharti AXA Life Flexi Term Plan

Below mentioned is the eligibility criteria for Bharti AXA Life Flexi Term plan:


Parameters

Eligibility

Life Cover

Life Cover Plus Critical Illness Cover

Minimum Entry Age

18 years

Maximum Entry Age

65 years

Maximum Maturity Age

85 years

Minimum Sum Assured 

INR 10,00,000

Maximum Sum Assured

INR 25,00,000

Premium Payment Term

Same as policy term

Policy Term

5,10,15 and 20 years

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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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