Bharti AXA Term Plan  

The  term  insurance  policies  from  Bharti  AXA  are  much  sought  after  in 
India.  This  is  mainly  because  the  company  offers  some  excellent  term 
life  covers  some  of  the  cheapest  rates. The insurer also has a high claim 
settlement  ratio  and  offers  other  benefits  like  a  strong online presence. 
Take  a look at this article to know more about the Bharti AXA term plan, 
their benefits and why you should choose them. 

Different Term Plan from Bharti AXA 

As  stated  above,  the  term  plan  from  Bharti  AXA  is  very  popular.  One  of 
the  main  reasons  behind  this  is  the  variety  and  options  the  insurer 
offers  to  anyone  who  looks to buy term insurance. Here are some of the 
best selling plans that you can choose from: 

1) Bharti AXA Life Flexi Term Plan  

This  is  one  of  the  best  and  most  flexible  term  insurance  plans  from  Bharti 
AXA.  You  get  a  wholesome  life  cover  and  many  added  benefits  from  the 
riders  such  as  a  critical  illness  cover.  You  also  get  the  advantages  of  multiple 
payout  options,  extended  coverage  duration  and  limited  premium  payment 
term.  This  is  a  best-selling  Bharti  AXA  term  plan  that  is  very  affordable  and 
useful. 

2) Bharti AXA Life Premier Protect Plan  

The  Bharti  AXA  Life  Premier  Protect  Plan  is  one  of  the  very  good  term  plan 
available  currently.  You  get all the benefits of term insurance. You can choose 
between  multiple  payout  options,  enjoy  a free look period and also get all the 
tax benefits available on the premium payment. This is an economic plan that 
you can consider getting. 

3) Bharti AXA Life POS Saral Jeevan Bima Yojana  

This  is  a  very  flexible  term  plan  from  Bharti  AXA.  One  of  the  main  benefits  of 
this  plan  is  that  the  nominee  gets  two  times  the  sum  assured  if  the 
policyholder  dies  in  an  accident.  This  apart,  the  plan  is  available  for durations 
of  10,  15,  20  and  25  years.  The  plan  can  instantly  be  bought  online  as  a 
pre-screening medical test is not required. 

Understand  the  scope  of  cover  offered  by  each  of  these  plans.  Once 
that  is  done,  ​choose  the  term  life  insurance  policy  ​that  you  feel  would 
be of greatest use to your family. 

Pros and cons of Bharti AXA Term Plan 

While  you  get  some  excellent  life  insurance  covers  when  you  explore 
the  Bharti  AXA  term  plan,  you  must  be  aware  of  their  pros  and  cons. 
This  will  help  you  to  make  an  informed  choice  and  get  the  most 
suitable term insurance policy. Read on to know more. 

1. Pros – Let us begin by exploring the pros of a term insurance cover from Bharti 
AXA Life Insurance: 
2. Pure life cover – A term insurance plan offers a pure life cover. This is excellent 
for someone who is a sole breadwinner and wants to ensure his family stays 
financially secure if something happens to him. A term insurance cover from 
Bharti AXA promises to pay a sum assured to the nominee if the policyholder 
dies, in exchange for regular premium payments. 
3. Economic – The Bharti AXA term plan is very economic. You can get a 
comprehensive life cover by paying just a few hundred rupees a month. This is 
affordable and brings life insurance within everyone’s reach. 
4. Easy to understand and process – Term insurance is extremely easy to 
understand. You buy a life cover and pay your premiums on time. If you die within 
the policy period, your nominees get the sum assured and the policy culminates. 
If you outlive the policy period, there is nothing to expect in return. There are no 
complicated procedures to decode in term insurance.   
5. Tax rebate – The premium you pay towards a term life insurance plan is tax 
exempted up to Rs 1.5 lacs in a year. This benefit is available under Section 80C 
of the Indian Income Tax Act.   
6. Cons – Now for some cons: 
7. No return component – One of the major drawbacks of term insurance is that it 
does not have a return component. If you outlive the policy period, there is 
nothing given to you by the insurance provider. The premium you pay is lost.   
8. Limited benefits – The only benefit of a term insurance cover from Bharti AXA is 
a life cover. You do not get other benefits such as the option to choose 
investments, grow your wealth, etc. 

As  you  can  see,  the  advantages  of  term  insurance  outweigh  the 
disadvantages.  So  if  you  have  not  bought  a  term  cover  yet,  get  one 
without  any  further  delay  from  a  good  insurer  such  as  Bharti  AXA, 
which is undoubtedly one of the t​ op life insurance companies in India. 

 
 
Bharti AXA Term Plan – FAQ 
What is the documentation process?  
The  documentation  process  is  quite  straightforward  in  term  insurance. 
The  policyholder  only  needs  to  submit  government-issued  address 
proof,  ID  proof  and  proof  of  income.  Once  these  documents  are 
presented, the term insurance plan is issued.   

Does a single person need term insurance?  

This  greatly  depends  on the age of the policyholder. If the single person 
is  older  and  has  no  intention  of  starting  a  family,  then  a  good  health 
insurance  plan  and  a  pension  plan  may  be  enough  for  him.  However, if 
it  is  a  single  youngster  who  wishes  to  settle  down in the future, getting 
a term plan is a great idea. He can get it now at a much cheaper rate. 

Final Word about Bharti AXA Term Plan 

The  Bharti  AXA  term  plan  is  very  handy  and  useful.  You  get  many 
benefits  when  you  buy  a  term  life  insurance  cover  from  this  insurance 
company.  The  company  has  a  high  claim  settlement  ratio  and  so  your 
family  is  assured  of  getting  the  death  benefit  if  something  happens  to 
you.  The  insurer  also  is  very  helpful  and  has  a  good  customer  support 
team  that  you  can  easily  reach out to. All in all, you make a great choice 
when  you  buy  any  one  of  the  top  term  life  insurance  policies  from  the 
Bharti Axa Life Insurance Company.