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Bharti AXA Life Flexi Term Plan

(UIN: 130N072V04)
(ADVT II-Dec-2019-2018)

One of the best term insurance policy that’s here to protect you and your family against an unfortunate event. It offers you the flexibility to choose from 3 different Life Cover pay out options, the benefits of life insurance as well as a critical illness benefit so that your family's needs are always met.

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4 Reasons to Buy
  • Maximum coverage term of up to age 85 years giving you an option of health insurance with critical illness cover. So that you can always be stress-free.
  • Option of Cover Critical illness at the age of 85. You can either select the comprehensive cover (34 illnesses) or major illnesses cover (15 illnesses) or heart and cancer cover (9 illnesses) at the inception of the policy. List of Critical Illness Covered
  • Flexible benefit payout options: You can choose any of the payout options based on your financial requirements – a) Lump sum or b) Increasing Monthly Income or c) Lump sum plus Increasing Monthly Income
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received. The Tax benefits fall under Income Tax Act, 1961. They are subject to change as per change in tax laws from time to time.

Plan Details

How it works?

Let’s take a look at this case study

30-year-old Pratyush chose our Bharti AXA Life Flexi Term, as he was looking for a combination of both a life and health term plan with critical illness for his family insurance plans. His life cover is a Sum Assured of Rs. 1 crore and he chose the lump sum plus monthly income death benefit payout option. The Sum Assured for Critical Illness cover is Rs. 15 lakhs and he chose the Major Illnesses cover for 15 Critical Illnesses. For this, he pays an annual premium of Rs. 11,085* (Rs. 7,300 for life cover and Rs.3,785 for critical illness cover) till he turns 65, which is also the policy term that he chooses.

  • He starts paying ₹ 11,085* annually until the end of his policy term

    1ST POLICY YEAR

  • In case of Pratyush’s demise, his family receives an initial lump sum payout of ₹ 50 lakhs

    SAD DEMISE

  • His family receives a monthly payout of ₹ 24,283

    1ST YEAR

  • To counter inflation, the monthly payout will increase by 10% every year. Hence, his family receives a monthly payout of ₹  26,713

    2ND YEAR

  • His family continues to receive an increasing monthly payout of ₹ 58,283

    15TH YEAR (AFTER DEATH)

*Premium is for a non-smoker male and is exclusive of service tax (applicable taxes).

Critical illness
  • In case of diagnosis of covered critical illness#, he receives a lump sum amount of ₹ 15,00,000 irrespective of the treatment cost.
  • Future premium payments are waived off and the Life Cover will continue till Pratyush turns 65.

# In case of Angioplasty, Critical Illness Benefit equal to ₹ 5,00,000 will be payable. The Critical Illness Sum Assured will reduce by ₹ 5,00,000 and the reduced Critical Illness Sum Assured will be available for the other covered Critical Illnesses under the chosen Option, other than Angioplasty. All future premiums in respect of the reduced Critical Illness Sum Assured will also reduce.

Life Insurance Benefits and other terms related to the term insurance plan

Parameter Eligibility Criteria
Life Cover Life Cover with Critical Illness Options
Minimum age at entry 18 years 18 years
Maximum age at entry 65 years 65 years
Maximum Maturity age 85 years 85 years
Minimum Sum Assured# ₹ 10,00,000 ₹ 10,00,000
Maximum Sum Assured# Subject to Underwriting Life Cover: Subject to Underwriting
critical illness: ₹ 1,00,00,000
Policy Term Fixed: 10, 15, 20,25 years
To Age: 60, 65, 70, 75, 85 years		 Same as Policy Term of Life Cover
Premium Payment Term Regular Pay: Same as Policy Term Regular Pay: Same as Policy Term
Premium Payment Modes Annual, Semi-Annual, Quarterly$ & Monthly$ Annual, Semi-Annual, Quarterly$ & Monthly$

# The Sum Assured for Critical Illness has to be equal to or less than the Sum Assured of Life Cover. It cannot exceed the Sum Assured for the Life Cover.
$ - Payable through ECS only

Multiple death benefit pay out options:
  • Lump sum: The entire death benefit will be paid out as a lump sum amount to secure your family's financial future.
  • Monthly Income: The death benefit will be paid out as a monthly income increasing annually by 10% at simple rate for a period of 15 years. The increasing monthly income will help to fulfill the day to day needs of your family and also ensure they are protected against inflation.
  • Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10% at simple rate for a period of 15 years. This will help your family take care of not only their immediate needs but also growing needs over the years.
Complete protection through optional Critical Illness Benefit:

You can also choose to enhance your protection beyond life cover and get coverage for Critical Illnesses. In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid. Under this benefit you have the flexibility of opting coverage under one of the 3 options (can be selected at inception only):

  • 'Comprehensive Cover' – Protection against 34 critical illnesses
  • 'Major Illnesses Cover' – Protection against 15 major critical Illnesses
  • 'Heart & Cancer Cover' – Protection against 9 critical illnesses related to Heart & Cancer
Critical Illness Critical Illnesses Covered*
Comprehensive Cover Major Illnesses Cover Heart & Cancer Cover
Cancer of Specified Severity
Myocardial Infarction (First Heart Attack of Specific Severity)
Open Chest CABG
Open Heart Replacement or repair of Heart Valves
Cardiomyopathy
Surgery to Aorta
Primary (Idiopathic) Pulmonary Hypertension
Angioplasty**
Pericardectomy
Coma of Specified Severity -
Kidney Failure Requiring Regular Dialysis -
Major Organ/Bone Marrow Transplant -
Stroke Resulting in Permanent Symptoms -
Multiple Sclerosis with Persisting Symptoms -
Permanent Paralysis of Limbs -
Blindness - -
Third Degree Burns - -
Major Head Trauma - -
End Stage Lung Failure - -
End Stage Liver Failure - -
Deafness - -
Loss of Speech - -
Apallic Syndrome - -
Loss of Limbs - -
Aplastic Anaemia - -
Medullary Cystic Disease - -
Benign Brain Tumour - -
Motor Neuron Disease with Permanent Symptoms - -
Brain Surgery - -
Alzheimer's Disease - -
Muscular Dystrophy - -
Parkinson's Disease - -
Poliomyelitis - -
Systemic Lupus Erythematosus - -

*represents inclusion of the respective Critical Illness in a particular option
** In case of Angioplasty, Critical Illness Benefit equal to ₹ 5,00,000 will be payable. The Critical Illness Sum Assured will reduce by ₹ 5,00,000 and the reduced Critical Illness Sum Assured will be available for the other covered Critical Illnesses under the chosen Option, other than Angioplasty. All future premiums in respect of the reduced Critical Illness Sum Assured will also reduce. Please read the definitions, exclusions and other applicable conditions as mentioned in the Terms & Conditions.

Flexibility:

Choose your own coverage period as there are multiple Policy Term options available under the product. You can either choose from Fixed Policy Term options of 10, 15, 20 and 25 years or from 'To Age' options of 60, 65, 70, 75 and 85 years.

Opt for Life Cover till age of 85 years:

Get cover for "To Age 85 years" and secure your family's future throughout your life. The life insurance benefit will be payable to nominee, in event of unfortunate event of death of Life Insured before the age of 85 years, subject to policy being in force and all due premiums have been paid.

Calculate Your Premium
SIMPLY FILL IN A FEW OF YOUR DETAILS AND LET US HELP CALCULATE A SPECIFIC PREMIUM RATE FOR YOU.

Sample premium for a Life Cover of ₹ 1,00,00,000 for a healthy male

Age (in years) Term (in years)
10 15 20 25 To Age 60 To Age 65 To Age 75 To Age 85
25 4400 4500 4700 5000 5700 6300 6900 7500
30 5000 5200 5800 6400 7000 7300 8600 9700
35 6400 7200 8000 8800 8800 9600 11300 13000
40 9200 10400 11500 12800 11500 12800 15400 18000

Sample Premium for a Life Cover of ₹ 1,00,00,000 with Heart and Cancer Cover of ₹ 15,00,000 for a healthy male life

Age (in years) Term (in years)
10 15 20 25 To Age 60 To Age 65
25 4,990 5,245 5,630 6,135 7,275 8,070
30 6,085 6,550 7,485 8,435 9,380 9,980
35 8,470 9,720 11,060 12,400 12,400 13,675
40 13,005 14,910 16,845 18,865 16,845 18,865

Sample Premium for a Life Cover of ₹ 1,00,00,000 with Major Illnesses Cover of ₹ 15,00,000  for a healthy male life

Age (in years) Term (in years)
10 15 20 25 To Age 60 To Age 65
25 5,755 6,045 6,440 6,975 8,215 9,030
30 6,890 7,400 8,370 9,380 10,430 11,085
35 9,305 10,630 12,180 13,655 13,655 15,035
40 14,100 16,180 18,500 20,620 18,500 20,620

Sample Premium for a Life Cover of ₹ 1,00,00,000 with Comprehensive Cover of ₹ 15,00,000  for a healthy male life

Age (in years) Term (in years)
10 15 20 25 To Age 60 To Age 65
25 6,100 6,435 6,870 7,470 8,840 9,705
30 7,355 7,950 9,015 10,125 11,290 12,025
35 10,035 11,490 13,220 14,865 14,865 16,395
40 15,325 17,630 20,255 22,570 20,255 22,570

Please note, all Premium values are exclusive of service tax (applicable taxes). The rates are illustrated for a Non – Smoker Male Life.

You may enhance your protection under this Plan by opting for the following rider(s):
  • Bharti AXA Life Accidental Death Benefit Rider(UIN: 130B008V02): This is a non-linked and regular pay rider that provides 100% Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in force.