Bharti AXA Life Savings Plans Review
Life is all about fulfilling dreams for the family members such as children’s education, planning for retirement, etc. However, in this environment which is full of unreliability and volatility, you need surety to fulfil your dreams even you are not around. Each & every one hopes to save the money in a best possible way. Bharti AXA Life Savings plans are the best choice to those policyholders. Insurance acts as a secure tool to maximise your savings and offers much-needed protection to you and your loved ones. Bharti AXA Life Secure Savings Plans are a systematic and sure way of fulfilling one’s dreams and also gets you better returns. The earlier you start your saving, the bigger will be earnings.
The Key features, Eligibility Conditions, Benefits, Riders, etc. of Bharti AXA Life Insurance Savings Plans are mentioned in detail below. Refer our site www.policycorner.in for more information regarding Bharti AXA Life Insurance Plans.
Why Should I Choose Bharti AXA Life Insurance Savings Plan?
Bharti AXA Life Insurance Company was started in the year 2006. Bharti AXA Life Insurance is one of the leading life insurers and a joint venture between AXA Group and Bharti Enterprises. It’s good to plan and save at every step of the way. Savings can help protect your loved ones in their times of need. Bharti AXA Life Insurance Company understands the needs of their customers and offers a range of saving and protection plans to help you meet your short and long-term goals. Besides providing you with a Savings cover, Bharti AXA Life solutions encourage you to save regularly, by offering flexible Investment Plans. Bharti AXA Investment Plans helps you to achieve goals by investing your excess money properly so that you lead a comfortable life tomorrow.
As many savings plans are available, Bharti AXA Life Savings plans are the best because of their benefits provided to their policyholders. Bharti AXA Life Super Series, Bharti AXA Life Samriddhi, Bharti AXA Life Elite Advantage, Bharti AXA Life Aajeevan Sampatti+, Bharti AXA Life Secure Savings Plan, Bharti AXA Life Monthly Income Plan+, Bharti AXA Life Secure Income Plan, Bharti AXA Life Flexi Save, Bharti AXA Life Child Advantage, Bharti AXA Life eAajeevan Sampatti+, and Bharti AXA Life Monthly Advantage are the savings plans of this company. In this article, I will explain you in detail about these Bharti Axa Life Savings Plans list. You have to choose according to your needs and check all the particulars of each policy.
What are the Features of Bharti AXA Savings Plan?
- Protection and Savings were combined under a single plan.
- Offers flexible premium payment options.
- Digitally enabled services to help make every transaction convenient and hassle-free.
- Bharti AXA Offers the best policies with a broad range of advantages for the insured and their family members.
- A regular tax-free income at a guaranteed rate of returns.
- If all due premiums have been paid and the policy is in force then a percentage of the Sum Assured on Maturity will be paid.
Benefits of Bharti Axa Life Savings Plan
The Benefits of Bharti AXA Life Savings Plan are mentioned below.
- Death Benefit: The Policyholder can get Death Sum Assured + Accrued Non-Guaranteed Annual Simple Reversionary Bonus + Non-Guaranteed Terminal Bonus.
- Maturity benefit: The Insured will get maturity sum assured accrued + Non-Guaranteed Simple Annual Reversionary Bonuses + Non-Guaranteed Terminal Bonus.
- Tax Benefits: The Life Assured can also get the Tax benefits for premiums paid under section 80C and 10(10D) under Income Tax Act, 1961. Whereas the laws under Income tax will subject to change from time to time.
List of Bharti AXA Life Insurance Savings Plans
The Bharti AXA Life Insurance Company Offers eleven best savings plans. All these policies have different features & benefits according to various factors. The list of Savings plans offered by the Bharti Axa Life Insurance company are
- Bharti AXA Life Super Series.
- Life Samriddhi.
- Elite Advantage.
- Bharti AXA Aajeevan Sampatti+.
- The Bharti AXA Life Secure Savings Plan.
- Monthly Income Plan+.
- Life Secure Income Plan.
- Flexi Save.
- Child Advantage.
- Bharti AXA Life eAajeevan Sampatti+.
- Life Monthly Advantage.
About Bharti AXA Life Super Series Plan
Bharti AXA Life Super Series plan is one of the savings plans of the Bharti AXA Insurance company that offers a lump sum payout at the end of the premium payment term. The UIN for this plan is 130N066V01.
4 Reasons to buy Super Series plan
- Depending on the desired investment term and returns, you will get a choice between the Super 6 and Super 10 option.
- You will get cash payouts every year from the end of the premium payment term till policy matures.
- The Insured will receive Maturity benefit with a Guaranteed Maturity Addition.
- Policyholders can enjoy Tax Benefits on the Premiums paid and benefits received.
Eligibility Conditions of Bharti AXA Life Super Series Plan
| S.no. | Eligibility Conditions & Restrictions | Details | |
|---|---|---|---|
| Super Series Option | Super 6 | Super 10 | |
| 1. | Term of the Policy | 12 years | 20 Years |
| 2. | Premium Payment Term | 6 Years | 10 Years |
| 3. | Minimum age at entry for Insured (age last birthday) | 6 Years | 0 Years |
| 4. | Maximum age at entry (age last birthday) | 63 Years | 60 Years |
| 5. | Minimum Annualised Premium (excluding any underwriting extra) | Rs. 18,000 | Rs. 15,000 |
| 6. | Minimum Sum Assured on Maturity | Depends on the Minimum Premium | |
| 7. | Premium Payment Modes | Annual, Semi-annual, Quarterly*, Monthly* | |
* indicates through Auto Play only.
Riders:
The riders available under this Bharti AXA Life Savings Plans are
- Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02).
- Premium Waiver Rider (UIN: 130B005V03).
Check Super Series Plan Brochure.
Details of Bharti AXA Life Samriddhi Plan
The Bharti AXA Life Samriddhi Plan is a non-linked, participating, and Endowment savings plan. The Unique Identification Number for this policy is 130N061V01. You can enjoy 100% Sum Assured on Maturity along with accrued non-guaranteed bonuses. Check the Life Samridhi Brochure for more details.
4 Reasons to buy the Life Samriddhi Plan
- At Maturity, you can enjoy a guaranteed lump sum benefit.
- Choose one of the premium payment terms from the available 8 different terms.
- Enjoy Tax benefits on the Premiums paid and payout benefits received.
- Potential to receive additional earnings through bonuses.
Eligibility Conditions of Life Samriddhi Plan
| Premium Payment Term | Term of the Policy | Minimum Age | Maximum Age |
|---|---|---|---|
| 5 Years | 10 years | 8 years | 55 years |
| 10 Years | 10 years | 8 years | 55 years |
| 12 Years | 20 years | 0 years | 50 years |
| 15 Years | 15 years | 3 years | 55 years |
| 20 Years | 20 years | 0 years | 50 years |
| 25 Years | 25 years | 0 years | 50 years |
| 30 Years | 30 years | 0 years | 45 years |
| 35 Years | 35 years | 0 years | 45 years |
Riders:
- Bharti AXA Life Accidental Death Benefit Rider(UIN: 130B008V01).
- Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02).
- Premium Waiver Rider (UIN: 130B005V03).
Bharti AXA Elite Advantage Plan
Elite Advantage plan is a comprehensive savings plan with dual benefits of guaranteed payouts of 8.5% to 9.5% from the end of your Policy Term and 100% Sum Assured at Maturity. But the policy should be is in force. The UIN for this plan is 130N060V01.
Click here to get Elite Advantage Plan Brochure.
Features:
- Guaranteed benefits at regular intervals.
- A Guaranteed lump sum benefit at Maturity.
- You can choose one of the premium payment terms.
- The Insured will receive Tax benefits on the Premiums paid and payout benefits received.
Eligibility Conditions of Bharti AXA Life Elite Advantage Plan
| Parameter | Eligibility Criteria |
|---|---|
| Minimum age at entry (age last birthday) | 8 years for 10 years Policy Term 6 years for 12-year Policy Term The risk coverage will start immediately on policy commencement for all lives including minors |
| Maximum age at entry (age last birthday) | 65 years |
| Maximum Maturity Age(age last birthday) | 75 years for 10 years Policy Term. 77 years for 12 years Policy Term |
| Minimum Sum Assured | Depends on the minimum Premium. |
| Minimum Annualized Premium | Rs. 24,000 for 5 years Premium payment Term Rs. 15,000 for 7 years Premium payment Term Rs. 12,000 for 12 years Premium payment Term |
| Policy Term | 10 and 12 years. |
| Premium Payment Term | 5 years for 10 years Policy Term. 7/12 years for 12 years Policy Term |
| Premium Payment Modes | Annual, Semi-Annual, Quarterly*, Monthly* |
| Guaranteed Payout frequency | Annual, Semi-annual, Quarterly |
Riders:
- Bharti AXA Life Accidental Death Benefit Rider(UIN: 130B008V01).
- Hospi Cash Rider (UIN: 130B007V02).
- Premium Waiver Rider (UIN: 130B005V03).
Aajeevan Sampatti+ Plan
Aajeevan Sampatti+ Plan is one of the Bharti AXA Life Savings Plans that offers double benefits of guaranteed annual payouts with life cover up to the age of 100. You can also enjoy additional cash bonuses till Maturity. The UIN for this plan is 130N058V01. Check the Aajeevan Sampatti+ plan brochure for more details.
Bharti AXA Life Secure Savings Plan
Bharti AXA Life Secure Savings Plan is a comprehensive savings plan that not only protects your family but also helps you to meet your financial goals with guaranteed additions of cumulative premiums paid year-after-year. The Unique Identification Number of this plan is 130NO53V02.
To know furthermore details, click on the Life Secure Savings Plan Brochure.
Details of Bharti Axa Life Monthly Income Plan+
Monthly Income Plan+ is one of the savings plans of the Bharti AXA Life Insurance Company with UIN 130N057V01. This plan offers you guaranteed monthly income with the upside of non-guaranteed bonuses, along with protection for your family in case of an unfortunate event.
Brochure for Bharti AXA Monthly Income Plan+.
Life Secure Income Plan
The UIN for this Life Secure Income Plan is 130N056V01. You can pay the limited Premiums with this Bharti AXA Life Savings Plans depending on the term you choose. At the end of your chosen term, you will start receiving 8% p.a. of the Sum Assured as guaranteed Monthly income*. On Maturity, you will receive the Sum Assured plus guaranteed additions as benefits.
Download Brochure of Secure Income Plan.
Bharti AXA Flexi Save Plan
The Flexi Save Plan helps you save towards meeting your goals, at the same time it also gives you the flexibility of withdrawing your savings with all the benefits accrued, anytime during the Flexi benefit period. The UIN number of Flexi save plan is 130N055V02.
Click here to get Bharti AXA Flexi Save Plan Brochure.
About Bharti AXA Child Advantage Plan
The Bharti AXA Child Advantage plan is a traditional participating savings plan with an in-built Premium waiver benefit. The plan offers you the flexibility to choose between 2 Maturity benefits such as Money back and Endowment, depending upon the needs and career goals of your child. The UIN of this plan is 130N065V01.
Get Bharti AXA Child Advantage Plan Brochure.
Life eAajeevan Sampatti+ Plan
The eAajeevan Sampatti+ plan is an online, non-linked savings plan with the UIN 130N059V01. The Plan offers you and your family with dual benefits of guaranteed annual payouts with cover up to 100 years of age. You can also enjoy additional cash bonuses till Maturity that are non-guaranteed.
eAajeevan Sampatti+ Plan Brochure.
Bharti AXA Life Monthly Advantage Plan
Bharti AXA Life Monthly Advantage plan is one of the Bharti AXA Life Savings Plans that gives you the flexibility to choose your Policy Term and Premium Payment Term from 3 options. The UIN for this plan is 130N068V01. It makes sure you receive a steady stream of monthly income without staying invested in the plan for a very long time.
Download Brochure for Monthly Advantage Plan.
Bharti AXA Savings Plan Premium Calculator
The Bharti AXA Savings Plans Premium Calculator is used to calculate the Premium amount and get all the benefits available under this policy. The data required for calculating premium rates using Bharti AXA Life Savings Plan Maturity Calculator are
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term.
- Sum Assured.
Bharti AXA Life Savings Plans Buying Procedure
The Buying procedure of Bharti AXA Life Insurance policy is very simple if you have all the information regarding documents with you. The Life Assured can buy the Bharti AXA Savings Plans either in online or offline mode. In Online mode, the insured have to visit the direct website and fill the application form or proposal form for the relevant policy. The guidelines regarding how to fill the form and required documents are mentioned in detail there. Whereas in Offline mode, you have to approach the agents or intermediaries or visiting the nearest branch office and pay the premium by Cash/ Cheque/ Demand Draft. Before buying the Bharti AXA Savings Plan, you have to keep the following documents with you.
- Proposal Form/ Application Form.
- Proof of Age.
- Identification proof.
- If Required any Medical Certificates, etc.
Requirements for Claiming Bharti AXA Life Insurance Plan
Nominees can claim for these Savings Plans after the death of the policyholder or after the successful completion of the premium. Customers can report a claim by following the easy steps that are mentioned here. The Candidate should submit the following documents while claiming the Bharti AXA Life Savings Plans.
- Duly filled claim form.
- Original Policy Document.
- Identification Proof.
- Proof of Death.
- Medical treatment documents before death.
- Age proof.
- School/ College/ Employer’s Certificate.