A low premium online Term Insurance Plan from Bharati AXA Life

 

A low premium online Term Insurance Plan from Bharati AXA Life

Bharti AXA Life Insurance announced its growth plan through the online distribution platform at the launch of its first online term insurance   product – Bharti AXA Life iProtect plan.

Benefits of Bharti AXA Life iProtect- Online term insurance plan

·         Affordable life insurance premium rates: You can get yourself insured at affordable premium rates with this life insurance term policy

·         Life Insurance Benefit:  The life insurance coverage that you get ensures that incase 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

Family Care Benefit as part of the life insurance benefit: Unfortunate events in life come unannounced and during this time of distress your family could require contingency support. Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours** of submission of all relevant claim documents. This term life insurance benefit is paid subject to the policy being inforce and the premiums for 2 consecutive term insurance policy years from the date of issuance or the date of latest reinstatement have been paid.

·         Reward for non-smokers, premium discounts on the term insurance policy: You will be eligible for special rates if you are a non-smoker and you have applied for a life insurance benefit (sum assured) in excess of Rs 5,000,000. This gives better value for money for non-smokers when it comes to the life insurance premium that they pay.

·         Hassle Free process of buying a term insurance policy: Now get the advantage of Life Insurance cover at the click of a button. Bharti AXA Life iProtect offers you convenience at your finger tips, as you can buy this term insurance plan online to save the time and effort that would have been required otherwise.

·         Tax benefits along with life insurance: Apart from the life insurance benefit with this term insurance plan, 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. So in addition to the life insurance coverage you also get to save tax

The premium to be paid is very low, when compared to the other term insurance plans.  For 45 year old non-smoker male for 50 lakh cover for 15 years the annual premium to be paid is approximately Rs. 10,350.00.  The disadvantage of this plan is that,  the maximum age allowed under this plan is 60 year.  That means you will get life cover only upto the age of 60 years.

For more details contact the insurance agent or the insurance company