Bharti AXA Life Saral Jeevan Bima Detailed Explanation | Eligibility Policy Term and Payment Options

Bharti AXA Life Saral Jeevan Bima: There is no assurance of life in today’s world, so it is important that we plan something for our family in advance. Think, if something untoward happens, will your family be financially safe? To overcome this concern, Bharti AXA Life Saral Jeevan Bima Plan has come, which will keep your family safe and let you live a carefree life. Now you must be wondering what is this Bharti AXA Life Saral Jeevan Bima Plan and what is special in it? Don’t worry, I will explain Bharti AXA Life Saral Jeevan Bima Detailed Explanation to you in simple language.

An individual pure risk premium life insurance plan that is non-linked and non-participating, the Bharti AXA Life Saral Jeevan Bima Plan is intended to give your family financial stability in the event of your untimely demise. You choose the sum assured and premium payment term when you buy the policy. The sum assured will be paid to your nominee as a lump sum if you pass away during the policy’s term. For instance, your family would receive ₹25 lakh in the event of your death during the policy term if you choose a sum assured of ₹25 lakh and an annual premium of ₹11,500 (exclusive of taxes).

Bharti axa life saral jeevan bima benefits

This is a term insurance plan, which you can customize according to your need. Meaning, as your life progresses, you can make changes in your insurance. It has many features, which makes Bharti AXA Life Saral Jeevan Bima plan different and better than other insurance plans.

• First of all, it offers many policy term and premium payment options. That is, you can decide for yourself how many years you want to keep the policy and how you want to pay the premium.
• There is another feature of this plan – you can make it even better by adding riders according to your needs. Riders mean small add-ons that make your insurance more powerful. For example, if you suffer from a serious illness, some riders can help you.
• Special premium rates are available for women, so that they can get more benefits in less money.
• This plan is very easy to understand, there are no hassles or complicated rules in it. And yes, tax benefits are also available, that is, you can also get tax exemption on the premium paid and the amount received from the insurance (as applicable under the Income Tax Act, 1961).

Bharti AXA Life Saral Jeevan Bima Eligibility

If you are 18 years of age or above, then you can take this plan. But the maximum entry age is 65 years, that is, you cannot take this policy after 65 years.

The maximum age at which the policy expires is 70 years. That is, if you have taken the plan at the age of 65, then you can keep it only for 5 years. But if you take it early, then you can also extend it to 40 years.

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Bharti AXA Life Saral Jeevan Bima Policy term and premium payment options

Now the biggest question is – for how many years should the policy be taken and how to pay the premium? The answer to this is also very easy.

You have four ways to pay the premium –

Single payment	In this, you have to pay the entire premium only once, and then there is no tension. In this option, the minimum policy term can be 5 years and maximum 40 years.
Regular payment	In this, you have to pay the premium every year, half yearly or every month. In this too, the policy term can be between 5 to 40 years.
Limited payment (5 years)	In this, you pay the premium only for 5 years, but the term of the policy can be between 6 to 40 years.
Limited payment (10 years)	In this, the premium has to be paid for 10 years, but the policy lasts from 11 to 40 years.

How much sum assured (insurance amount) will you get?

If you take this plan, the sum assured will be at least Rs 5 lakh and can go up to a maximum of Rs 50 lakh. You can increase it in multiples of Rs 50,000.

Methods of premium payment

There are three options for paying the premium –

• Yearly
• Semi-Annual
• Monthly

Now the most important thing – how much will the premium be?

Some sample premiums are given in the table below, which will give you an idea of ​​how much premium will have to be paid at what age. (Note, these premiums are for a 10-year policy term and a 10-year premium payment term and tax is not included.)

Age	Sum Assured: ₹5 Lakhs (Annual)	Sum Assured: ₹25 Lakhs (Annual)
25 Years	₹1,390	₹6,950
30 Years	₹1,520	₹7,600
35 Years	₹1,835	₹9,175
40 Years	₹2,480	₹12,400
45 Years	₹3,895	₹19,475
50 Years	₹6,365	₹31,825
55 Years	₹9,695	₹48,475
60 Years	₹14,010	₹70,050

Bharti AXA life insurance is good or bad?

If you want that your family does not face any financial problems even after you, then this plan can be the best option for you. In this, you get more cover at a lower premium, and women are also given special discounts.

It is also easy to understand and there are no hidden charges in it. And the best thing – in this you can choose the amount of insurance and the way of paying the premium according to you.

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Conclusion

So, friends, if you want the security of your family and want to save them from any financial problem, then Bharti AXA Life Saral Jeevan Bima Plan is a great option. There is no guarantee of life, but by taking the right insurance plan, you can make your family’s future safe and stress-free. Now do not delay and take the right decision, because if there is insurance, then there is no worry!

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