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Lump Sum Benefit
Waiver of Premium Benefit
The future premiums are waived off after the first claim for the remaining policy term.
There is no death benefit payable under this plan.
There is no maturity benefit payable under this plan.
How the Plan Works?
Let us understand the plan with the example of Mr. Ashok:
Life Insured: Mr. Ashok
Age: 30 years
Term: 15 years
Sum Insured: Rs 5 lacs
Annual Premium: Rs 2,440 plus taxes
Value Added Benefits
Waiting Period Clause
|Age (as on last birthday)||18 Years||65 Years|
|Sum Assured||2 Lacs||30 Lacs|
|Policy Tenure||15 Years||15 Years|
|Grace Period||30 Days & 15 Days For Monthly Mode||-|
|Freelook Period||15 Days||-|
|Riders||Bharti AXA Life Hospi Cash Rider||-|