Bharti AXA Life - eProtect Plus Plan

1. Affordable premium rates: You can get yourself insured at affordable premium rates.
2. Life Insurance Benefit: In case of the unfortunate event of death, the Life Insurance benefit will be paid out to the Nominee subject to the Policy being in force. The Life Insurance benefit will be higher of:
i. Sum Assured or
ii. 10 times the Annualized Base Premium or
iii. 105% of all premiums paid (excluding underwriting extra)
The Life Insurance benefit will be paid out depending on the option chosen at the inception of the policy:
a) Death Benefit Option 1 - Monthly Income for 15 years which will be paid out on monthly basis in 180 equal installments. The monthly income will be Rs8.44 per Rs1000 Sum Assured. The monthly income does not increase during the Death Benefit payment period. The monthly income payable on death starts from the date of intimation of death, subject to acceptance of
the claim by the Company.
b) 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 installments over a period of 10 years.
By lump sum it is meant that 50% of the Sum Assured chosen by the customer at inception will be paid out entirely once the claim is accepted.
The annual income will be Rs 4.52 per Rs 100 of Sum Assured and increase by 10% (Compounding) each year till the end of the 10th year.
3. 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 fingertips, as you can buy this term plan online to save the time and effort that would have been required otherwise.
4. Maturity Benefit: This is a pure term product and hence there is no Maturity Benefit payable.
5. Tax benefits: You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under the Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.
There is no Rider available under this product.

Death Benefit Option 1: Sum Assured = Monthly Income for 15 years which will be paid out on a monthly basis in 180 equal installments. The monthly income will be Rs 8.44 per Rs1000 Sum Assured. The monthly income will not increase during the death benefit payment period.

Death Benefit Option 2: Lump sum Sum Assured (paid immediately on acceptance of death claim) + 50% Sum Assured paid out on an annual basis in increasing installments over a period of 10 years. The annual income will be Rs 4.52 per Rs 100 of Sum Assured and increase by 10% (Compounding) each year till the end of the 10th year.

30 years for To Age 70 and To Age 75 years.

Maximum age at entry Policy Term Maximum Entry Age (Age on last birthday)
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

Max: Subject to underwriting

If you disagree with any of the terms and conditions of the Policy, you have the option to return the original Policy Bond along with a letter stating reasons for the objection within 30 days of receipt of the Policy Bond ( the free-look period ). The Policy will accordingly be cancelled and you will be refunded an amount equal to the Premium paid subject to a deduction of a proportionate risk premium for the period on cover, the expenses incurred by the Company on medical examination (if any) and stamp duty charges. All rights under this Policy shall stand extinguished immediately on the cancellation of the
Policy under the free-look option.