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Product Information
Protection Plans Bharti AXA Life Income Protection Plan
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
A plan where your family receives income in the form of annual instalments for a period of 15 or 20 years in case of an unfortunate event of death. 100-120% of premiums paid are returned at the end of the policy term as a lump sum survival benefit

Features:

fjrigjwwe9r3SDPrivInsuProd:Features
  • Provides an annual pre-planned income for your financially dependent family in order to take care of their recurring expenses
  • Term with 'Return of Premium' plan, which allows you to receive all your invested premiums as Maturity benefit. Thus allowing you to avail maximum benefits from one plan
  • Two death benefit options available, which allow flexibility in duration of payouts depending on your financial outlook
  • ?Tax benefits on the premiums paid and benefits received, as per provisions of the Income Tax Act, 1961
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Minimum age at entry 18 years
Maximum age at entry 58 years for policy term of 12 years
55 years for policy term of 15 years
50 years for policy term of 20 years
Maximum Age at Maturity entry 70 years
Premium Payment Term & Policy Term 12 years, 15 years and 20 years
Minimum Sum Assured (Rs.) Rs 500,000
Maximum Sum Assured (Rs.) No Limit, subject to underwriting
Minimum Premium (Rs.)

Depends on the Policy Term and Maturity Benefit Option
Policy Term of 12 years
Maturity Benefit Option A = Rs. 4,990 Maturity Benefit Option B = Rs. 7,480

Policy Term of 15 years Maturity Benefit Option A = Rs. 3,565 Maturity Benefit Option B = Rs. 5,530

Policy Term of 20 years Maturity Benefit Option A = Rs. 2,730 Maturity Benefit Option B = Rs. 3,825
Premium Payment Modes Annual, semi-annual, quarterly & monthly