Bharti AXA Life
Group Term Micro Insurance Plan
(UIN: 130N099V02)(ADVT No. II-Jul-2022-4095)
A Non-Linked Non-Participating Life Insurance Group Term Micro Insurance Plan
#Affordable#PayoutOption #TaxBenefits
Why Choose Bharti AXA Life Group Term Micro Insurance Plan?
Buying a comprehensive group micro term insurance plan for your members/customers can foster an environment in which they can live with peace without worrying about life’s eventualities. It is a non-linked non-participating life insurance group term micro insurance plan. The plan offers two death benefit payout options that ensure optimum financial support along with flexibility. The product is designed to offer combination of lucrative features and flexibility to completely suit your organization and members’ requirements.
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Low-cost Insurance Coverage
Now you can have insurance cover for a large group at low cost.
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Death Benefit Payout Options
You have the flexibility to choose Death Benefit Payout option as Lumpsum or Lumpsum plus Monthly Income.
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Flexible Premium Payment Modes
Multiple options of paying premium in single, annual, semi - annual, quarterly, or monthly modes.
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Tax Benefits
You can 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 changes in tax laws from time to time.
Key Benefits
Low-cost Insurance
Hassle Free Insurance Coverage
Financial Security
Flexible Premium Payment Modes
Tax Benefits**
How Does the Plan Exactly Work?
Make Your Plan with Ease
Pick a Plan Option
Choose one of the options, as per your financial goals.
Single Life
Joint Life
Single Life
Joint Life
Insurance Jargon Explained
Maturity Benefit
It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.
Group Insurance
Insurance covering a number of people under a single policy, issued to their employer with whom they are working.
Premium
The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).
Sum Assured
Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
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**Tax benefits are in accordance to current tax laws that are subject to change from time to time.