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Bharti AXA Life Flexi Term Plan

(UIN: 130N072V05)
(ADVT II-May-2020-2187)

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 75 years giving you an option of health insurance with critical illness cover. So that you can always be stress-free.
  • Option to Cover Critical illness at the age of 75. You can either select the comprehensive cover (34 illnesses) or major illnesses cover (15 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

35-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. 20Lakhs and he chooses the lump sum death benefit payout option. The Sum Assured for Critical Illness cover is Rs. 20 lakhs and he chooses the Comprehensive Cover for 34 Critical Illnesses. For this, he pays an annual premium of Rs. 16,530* (Rs. 6,060 for life cover and Rs.10,470 for critical illness cover) till he turns 75, which is also the policy term that he chooses.

  • He starts paying ₹ 16,530* annually

    1ST POLICY YEAR

  • In case of Pratyush’s demise, his nominee receives an lump sum payout of ₹ 20 lakhs

    SAD DEMISE

*Premium is exclusive of taxes.

Critical illness
  • In case of diagnosis of covered critical illness#, he receives a lump sum amount of ₹ 20,00,000 irrespective of the treatment cost.
  • Future premium payments are waived off and the Life Cover will continue till Pratyush turns 75.

# 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# ₹ 25,00,000 Life Cover: ₹ 25,00,000
critical illness: ₹ 25,00,000
Policy Term Fixed: 5, 10, 15, 20 years
To Age: 60 and 75 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 2 options (can be selected at inception only):

  • 'Comprehensive Cover' – Protection against 34 critical illnesses
  • 'Major Illnesses Cover' – Protection against 15 major critical Illnesses
Critical Illness Critical Illnesses Covered*
Comprehensive Cover Major Illnesses 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 5, 10, 15 and 20 years or from 'To Age' options of 60 and 75 years.

Opt for Life Cover till age of 75 years:

Get cover for "To Age 75 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 75 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 Rs. 20,00,000 for a healthy male.

Age (in years) Term (in years)
5 10 15 20 To Age 75
25 2,980 3,040 3,140 3,260 4,260
30 3,160 3,260 3,400 3,700 5,020
35 3,580 3,700 4,080 4,540 6,060
40 4,500 4,900 5,560 6,100 7,840

Sample Premium for a Life Cover of ₹ 20,00,000  with Major Illnesses Cover of ₹ 20,00,000 for a healthy male life

Age (in years) Term (in years)
5 10 15 20 To Age 75
25 4,810 4,905 5,255 5,635 8,485
30 5,595 5,840 6,390 7,190 10,990
35 7,470 7,655 8,715 10,190 14,830
40 11,080 11,535 13,365 15,550 20,830

Sample Premium for a Life Cover of ₹ 20,00,000 with Comprehensive Cover of ₹ 20,00,000  for a healthy male life

Age (in years) Term (in years)
5 10 15 20 To Age 75
25 5,265 5,365 5,795 6,225 9,375
30 6,170 6,475 7,135 8,060 12,195
35 8,410 8,645 9,885 11,600 16,530
40 12,420 13,205 15,310 17,915 23,280

Please note, all Premium values are exclusive of service tax (applicable taxes).

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.
  • Bharti AXA Life Hospi Cash Benefit Rider (UIN: 130B007V04): This is a health insurance rider that offers you a fixed amount benefit for each day of hospitalisation. It also offers a fixed amount benefit if you are admitted in an Intensive Unit Care or a lump sum benefit in case of surgery.