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Bharti AXA Life Flexi Save Plan

What is the Plan all About?

Bharti Axa Life Flexi Save is a limited pay traditional participating life insurance plan. A savings plan that aids you save for meeting your financial goals, at the same time it gives you the elasticity of withdrawing your savings with all the benefits accrued, anytime during the Flexi benefit period.


What are the Key Features?

  • Flexibility to modify the policy term
  • Flexibility to choose the premium payment term
  • Flexibility to withdraw your savings during flexi benefit period
  • Offers basic life insurance cover
  • Potential Upside through bonus
  • Guaranteed benefit on maturity
  • Avail Tax Benefit under existing tax laws

What are the Plan Benefits?

Death Benefit

    In the unfortunate event of death of life insured, provided all due premiums till the date of death have been paid and the policy is in-force, the policyholder or nominee shall receive the higher of

    1. Sum Assured or

    2. 105% of premiums paid till date of death or

    3. A multiple of Annual Base Premium as mentioned below:

    Premium payment term/age

    Less than 45 years

    45 years and above

    5 years



    7 years



    12 years




    Along with the above, the nominee receives the accrued reversionary bonus and terminal bonus, (if any)

Maturity Benefit

    On completion of the policy term, the life insured will receive

    • 100% of Sum Assured; plus
    • Accrued Reversionary and Terminal bonus, (if any)


    Non-Guaranteed vested simple Reversionary Bonuses and Non-Guaranteed Terminal Bonus is payable under this plan.

Flexibility to modify policy term

    Anytime during the Flexi benefit period, the policyholder can decide to pre-pone the maturity benefit of the policy and avail the full benefits due in the policy (i.e.100% of Sum Assured plus accrued bonus till date plus terminal bonus (if any).

Loan Benefit

    Loan facility is available under this plan. The maximum loan amount which can be taken under this policy should not exceed 70% of Surrender Value.

Surrender Value

    Minimum guaranteed Surrender Value is 30% of all premiums paid till date, less all guaranteed monthly income paid till date and excluding any extra premium paid.

Tax Benefit

    The plan offers tax benefits under section 80C  and section 10 (10D) of the Income Tax Act,1961.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 8 Years (for PPT- 5 Years) 3 Years( For PPT-7 Years) 0 Years( For PPT-12 Years) 65 Years (for PPT- 5 Years) 60 Years ( For PPT-7 Years) 55 Years ( For PPT-12 Years)
Age at Maturity - 85 Years
Policy Tenure 20/25 Years 30 Years
Premium Paying Term 5/7/12 Years -
Premium Paying Mode Annually,Semi Annually, Quarterly And Monthly -
Premium Amount Rs 30,000 (for 20 Year Policy Term) Rs 24,000 (for 25 Year Policy Term) Rs 15,000 (for 30 Year Policy Term) -
Sum Assured Depends On The Minimum Premium No Limit (Subject To Underwriting)
Freelook Period 15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days & 15 Days (for Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

Following rider is available with this plan

  • Bharti AXA Life Hospi Cash Rider 

How the Plan Works?

Let us understand the plan with the case study of Sidharth

  • Name of Life Insured: Sidharth
  • Age: 35 years old
  • Profession:  salaried individual working with an MNC
  • Family Structure: Wife who is a homemaker and a daughter who is 1 year old.


 1. He is concerned about the expenses which he would incur when his daughter grows up. For e.g. her education, her marriage expenses etc.

2. Siddharth is looking for a product that provides him guarantee of benefits and flexibility of withdrawing his money in case of an emergency.

3. He also wants to secure his family by ensuring they are protected incase of an unfortunate event Proposed solution: Siddharth purchases Bharti AXA Life Flexi Save and invests Rs 30,000 (exclusive of taxes) as annual premium for 5 years. Assuming that Siddharth is in good health, his sum assured as per his age is Rs 1,69,943

Bharti AXA Life Flexi Save Plan

He will receive the maturity benefit when his daughter requires it for her higher education 2. Incase of an unfortunate event of his death before maturity of the policy, his family will get higher of Sum Assured or 105% of the Premiums paid or 11 times Annual Base premium, plus accrued reversionary bonus and terminal bonus ,(if any).