Bharti AXA Life eProtect+(UIN: 130N062V01)

An online term insurance Plan that provides protection to your family at an affordable Premium. Choose between two Death Benefits; one that provides your family with a fixed Monthly income for 15 years, whereas the other offers your family a 50% lump sum of the Sum Assured at Claim intimation and the remaining amount is paid out on an annual basis in increasing instalments over a period of 10 years.

4 REASONS TO BUY

  • When your family is financially dependent on you or you need an income replacement.

    Ensure your family maintains its comfortable lifestyle by getting regular income.

  • Desire for flexibility in benefit pay-outs as fixed monthly or increasing annual, depending on your needs.

    Choose Death Benefit option 1- Monthly income for 15 years will be paid out in 180 equal instalments. It will be Rs. 8.44 per Rs. 1000 Sum Assured and will not increase during the Death Benefit payment period. Or Death Benefit option 2 - 50% of the Sum Assured is paid out as lump sum immediately on acceptance of Death Claims + 50% Sum Assured is paid out on an annual basis in increasing instalments over a period of 10 years.

  • Simple and affordable Premiums.

    Convenient and affordable to buy.

  • 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?
Case 1: Monthly Death Benefit
Case 2: Annual Death Benefit

Let’s take a look at this case study

35 year old Vikas chooses our Bharti AXA Life eProtect+ for a Sum Assured of `1 crore. He chooses a policy term of 15 years and pays an annual premium of `10,112 for 15 years. He has the choice of how he would like his family to receive the life insurance benefit in case something were to happen to him during the policy term.

  • His family starts to receive a monthly income of
    ` 84,400

    1 ST Death Benefit Pay-out Month
  • His family continues to receive a monthly income of
    `84,400

    50TH Death Benefit Pay-out Month
  • His family continues to receive a monthly income of
    `84,400

    100TH Death Benefit Pay-out Month
  • His family continues to receive a monthly income of
    `84,400

    140TH Death Benefit Pay-out Month
  • His family continues to receive a monthly income of
    `84,400

    180TH Death Benefit Pay-out Month

Let’s take a look at this case study

35 year old Vikas chooses our Bharti AXA Life eProtect+ for a Sum Assured of `1 crore. He chooses a policy term of 15 years and pays an annual premium of `10,112 for 15 years. He has the choice of how he would like his family to receive the life insurance benefit in case something were to happen to him during the policy term.

  • The remaining Sum Assured is paid to his family increasing instalments every year ` 4, 52, 000

    1 ST Death Benefit Pay-out Year
  • His family receives an instalment of
    `4,97,200

    2ND Death Benefit Pay-out Year
  • His family receives an instalment of
    `5,46,920

    3RD Death Benefit Pay-out Year
  • His family receives an instalment of
    `6,01,612

    4TH Death Benefit Pay-out Year
  • His family receives an instalment of
    `6,61,773

    5TH Death Benefit Pay-out Year
  • His family receives an instalment of
    `7,27,951

    6TH Death Benefit Pay-out Year
  • His family receives an instalment of
    `8,00,746

    7TH Death Benefit Pay-out Year
  • His family receives an instalment of
    `8,80,820

    8TH Death Benefit Pay-out Year
  • His family receives an instalment of
    `9,68,902

    9TH Death Benefit Pay-out Year
  • His family receives an instalment of
    `10,65,792

    10TH Death Benefit Pay-out Year
Sad Demise

Sad Demise

In case of Vikas’s untimely demise, his family will receive a lump sum of ₹ 50 Lakhs

Who can buy?

WHO CAN BUY?

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

Parameter Eligibility Criteria
Minimum age at entry 18 years for all terms except To Age 70 and To Age 75 years. 30 years for To Age 70 and To Age 75 years.
Maximum age at entry
Available Term Maximum Age
10 65 years
15 60 years
20 55 years
25 50 years
30 45 years
To Age 60 50 years
To Age 65 55 years
To Age 70 60 years
To Age 75 65 years
Death Benefit Death Benefit Option 1: Sum Assured = Monthly Income for 15 years which will be paid out on a monthly basis. The Monthly income will not increase during the deferment period.
Death Benefit Option 2: (i) 50% of Sum Assured, which is paid immediately on acceptance of Death Claim and
(ii) Balance Sum Assured paid out on an annual basis in increasing instalments over a period of 10 years.
Policy Term 10, 15, 20, 25, 30, To Age 60, To Age 65, To Age 70 and To Age 75 years.
Sum Assured Min: 32 Lakhs,
Max: Subject to underwriting
Premium Payment Term Same as Policy Term
Premium Payment Modes Annual & Semi Annual
View Details

VIEW DETAILS

Affordable premium rates

You can get yourself insured at affordable premium rates.

 

Life Insurance benefit:

 

The Life Insurance benefit will be paid out depending on the option chosen at the inception of the policy:

In case of an unfortunate death of the Life Insured, an amount equal to sum assured will be paid as a life insurance benefit to the nominee. You have the following options to choose your sum assured,

  • Death Benefit Option 1 - Monthly Income for 15 years which will be paid out on a monthly basis. The monthly income does not increase during the deferment period.
  • Death Benefit Option 2 - 50% Lump sum sum assured (paid immediately on acceptance of death Claim) + 50% sum assured paid out on an annual basis in increasing Instalments over a period of 10 years.

 

Hassle Free buying

Now get the advantage of Life Insurance cover at the click of a button. Bharti AXA Life eProtect+ offers you convenience at your finger tips, as you can buy this term plan online to save the time and effort that would have been required otherwise.

 

Tax Benefits

You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.

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WHAT OTHERS SAY

Trends

The insurance industry is getting digitally savvy giving policyholders the comfort of buying and managing their policy and that too at lower costs.

Expert Review

A regulatory clause makes it mandatory for life insurers to offer guaranteed returns to all its subscribers.