Announcing the launch, Sandeep Ghosh, managing director and CEO, Bharti AXA Life Insurance, said,“Bharti AXA Life Young India Plan, as a product proposition is true to our brand positioning of `Jeevan Suraksha Ka Naya Nazariya` and has customer centricity at its core. Targeted at the young adult segment, the plan is truly unique. Espousing the philosophy of customer empowerment, the plan allows the customer to choose any two important milestones in life for money back and also offers upto 25 times base protection at marriage and child birth.“ 

Recent studies have shown that marriage and birth of child in the family are key milestones in the customers` life. At these life stages, they need additional money to meet the requirements that may arise and also added protection to secure their family against any unforeseen event. 

Ghosh further said, “Every customer has his individual life stage needs. At Bharti AXA Life Insurance we understand that, and through the Bharti AXA Life Young India Plan, we let them define the points at which they want to avail of the benefits of this policy. Customers will get money back in form of `Good Times Money Back` when they ask for it. Similarly they may decide the extent of increase in additional protection during marriage and child birth. So every plan is tailored to the customers individual lifestage needs. Also, once bought this policy adapts itself to the customers life stage needs, without any hassles. So once underwritten, the customer may opt for increased protection at a later date, without undergoing additional medicals.

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Benefits –

Benefits of Bharti AXA Life eProtect- 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 in case 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

**Please refer Terms and Condition section for details on Family Care Benefit.

How does Bharti AXA Life eProtect- online term insurance plan works?

Bharti AXA Life eProtect is a simple pure term insurance protection plan which can be purchased online. It gives you insurance coverage and helps you protect your loved ones against any unforeseen circumstances, and you can do so through a few simple steps. The product works as follows:

• Choose your life insurance coverage using a life insurance calculator:  You choose your cover (Sum Assured) and tenure of the cover(policy term) as per your choice. A life insurance calculator has been provided on this page for this purpose. The life insurance premium will be determined based on your age as on last birthday, gender, life insurance coverage (sum assured), term option chosen by you and your smoking habits. The life insurance calculator will help you customize the life insurance coverage best suited to your needs.
• Choose your life insurance policy term:  Life insurance coverage comes with the option of choosing the most suitable term for yourself. The term options are 10, 15, 20, 25 and 30 years and will depend on maximum life insurance coverage and age under this product.
• Choose your life insurance premium payment mode:  Based on your convenience you can also choose from the modes available. There are two premium payment modes available for you to pay your life insurance premium; Annual & Semi-Annual. Semi-annual Life insurance Premium = 0.52 times of Annual life insurance Premium.

As Bharti AXA Life eProtect is a simple term insurance plan, in case of the unfortunate death of the Life Insured during the policy term, the Company shall pay an amount equal to the life insurance coverage (Sum Assured) to the nominee, as mentioned in the policy. Given that it is a term insurance plan, this life insurance policy, does not have any maturity benefits. 

Bharti AXA Life eProtect- online term insurance plan at a Glance

Life insurance Benefits and other terms related to the term insurance plan

Sample Life Insurance Premiums:

You can also calculate your premiums with the help of the Life Insurance calculator given on this page

Premium calculated is annual premium for a healthy individual male (non-smoker). Premium rates for smokers will vary. Premium will also change based on the underwriting decisions for the individual life made by the company. The premiums are further subject to service tax, education cess and any other charges levied by the Government of India.

What happens if I am unable to pay premiums?

While we recommend that all your premiums be paid on the respective due dates, we also understand that sudden changes in lifestyle like increased responsibilities or unexpected increase in household expenses may affect your future ability to pay premiums. You have following flexibilities in order to ensure that your benefits under the policy continue in full,

• Grace period: Grace period is the period given to you from your premium due date, to pay the premium without any impact on the benefits in your policy. Grace Period for all modes is 30 days. In case of the death of the Life Insured during the grace period of 30 days allowed for payment of due premium, the Death Benefit less the unpaid due premium shall be payable and the Policy will be terminated.
• Reinstatement: In case you do not pay the premiums within your grace period, your policy will lapse. You have a flexibility to reinstate all the benefits under your policy within five years after the due date of the premium in default (reinstatement period) However, the Company would require:
  A. A written application from you for reinstatement;
  B. Satisfactory evidence of insurability;
  C. Payment of all overdue premiums with interest as specified by company from time to time.

Can I surrender my policy?

We would want you to pay premiums regularly till the end of the policy term. However incase you are not able to pay all premiums and want to surrender the policy, the policy will be terminated, however no surrender value is payable to you under this product.

Terms and Conditions

• Free-look option:- 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 15 days of receipt of the Policy Bond (“the free look period”). The Policy will accordingly be cancelled and an amount equal to premiums paid less stamp duty and underwriting expenses incurred by the Company will be refunded to the Policyholder.
• Suicide Exclusion: The Policy shall be void if the Life Insured, whether sane or insane, commits suicide resulting in death directly or indirectly as a result of such suicide within A) one year of the Issue Date; or B) one year of the date of the latest reinstatement of the Policy. – In the above cases, no benefits shall be payable
• The Family Care Benefit amount will be released subject to following conditions:
  A. The Company shall release a cheque on intimation of death of Life Insured, in the nominee’s name within 48 hours of submission of all relevant claim documents and it does not in any way indicate acceptance of any other policy liability.
  B. The 48 hour period shall be reckoned from the time the primary claim documents like the Original policy bond, Death certificate of life insured & Claimants statement are submitted at the branch and acknowledged to the time the cheque is released in the nominee’s name. However, while calculating 48 hours the intervening period on account of Saturdays, Sundays, Holidays declared by the Company and Public Holidays shall be excluded.
  C. For any claim intimation received on Saturdays, Sundays, Holidays declared by the Company and Public Holidays and on any working days after 3 p.m., the 48 hour period will be reckoned from 9 a.m. of the next working day
  D. Balance sum assured (after adjusting the Family Care Benefit amount), will be released on a later date if the claim is settled and will be subject to the terms and conditions mentioned herein.
  E. Cases where the Claimant is other than nominee as per the Company records are excluded.
  F. In case of multiple policies of Bharti AXA Life eProtect, the lumpsum amount will be restricted to Rs. 100,000 only.
• Please note, according to the internal guidelines of the Company, there may be requirement to undergo Medical Examination. In case, you are required to undergo such Medical examination and if the Company empanelled Medical Centeris not in your vicinity, you shall have to travel to Company empanelled Medical Center of your convenience at your cost.
• Bharti AXA Life eProtect is available to resident Indians Only.

This is a non participating Policy, i.e. the Policy does not provide for participation in the distribution of surplus or profits that may be declared by the Company.

SECTION 41 OF INSURANCE ACT 1938

1. “No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy nor shall any person taking out or renewing or continuing a policy accept any rebate except such rebate as may be allowed in accordance with the published prospectus or tables of the Insurer.” Provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the insurer.

2. Any person making default in complying with the provisions of this section shall be punishable with fine which may extend to five hundred rupees.”

SECTION 45 OF INSURANCE ACT 1938

“No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after expiry of two years from the date on which it was effected, be called in question by an insurer on the ground that statement made in the proposal for insurance or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policyholder and that the policyholder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose.

Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the Life insured was incorrectly stated in the proposal.”

1. UIN: 130N052V01
2. This product brochure is indicative of terms, conditions, warranties and exceptions contained in the Insurance Policy.
3. Bharti AXA Life Insurance Company is only the name of the insurance company and Bharti AXA Life eProtect is the name of the traditional insurance product. The name of the product does not in any way indicate the quality of the product, its future prospects.
4. Life insurance coverage is available under this policy

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What is the minimum annual premium under this plan

The minimum annual premium under the plan for each policy term is given below

• Rs 23,000 for 15 year term
• Rs 18,000 for 25 year term
• Rs 7,500 for 30 year term

What is the minimum Monthly Income that can be opted for?

The minimum Monthly Income for each of the policy terms is given below

• Rs 2000 for 15 year term
• Rs 1000 for 25 year term
• Rs 700 for 30 year term

Tax Benefits –

You receive tax benefits under section 80C and 10(10D) and under section 80(D) if you opt for Critical Illness Benefit rider.

Riders –

Bharti AXA Life Insurance gives you enhanced protection with the option to pay a nominal amount towards additional protection through its riders:

Critical Illness Benefit Rider: This rider pays a lump-sum benefit incase of diagnosis of any of the six critical illnesses: Cancer, Stroke, Hear attack, Coronary Artery Bypass Graft surgery, Major Organ Transplant and Kidney failure. UIN – 130N046V01

Premium Waiver Rider: – This rider allows premium payments to be waived incase of an unfortunate event of death of the policyholder. This rider can only be attached with 25 or 30 year policy term. UIN – 130N046V01

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• This plan provides you regular payouts throughout your lifetime.
• You need to pay for a limited period and enjoy long term benefits.

Cover –

The minimum Sum Assured under the plan is Rs 50,000.

Tax Benefits –

You receive tax benefits under section 80C and 10(10D)

Riders –

Bharti AXA Life Insurance gives you enhanced protection in this plan with the option to add protection enhancer by paying a nominal amount towards this additional protection:

• Critical Illness Benefit Rider: This rider pays a lump-sum benefit incase of analysis of any of the six critical illnesses: Cancer, Stroke, Heart attack, Coronary Artery Bypass Graft surgery, Major Organ Transplant and Kidney failure.

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“Aajeevan Anand is a powerful financial solution that provides guaranteed regular payouts to meet different life stage needs until the age of 100,” Bharti AXA Life Chief Marketing and Operations Officer (CMOO) Mark Meehan said. 

He said, In addition to these lifelong paybacks, the product provides customers with life cover and hence is an ideal savings cum protection plan. 

He added, this whole life plan is apt for salaried people since all premium payments are made in the first 10-15 years of the policy. 

The nominee of the policy holder would get sum assured in case of death throughout the policy period which is 100 years. 

Bharti AXA Life is 74:26 joint ventures between Bharti Enterprises and AXA of France.

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• You want a product that will cover your incidental hospital expenses
• You want a product that is easy to buy, simple to understand and pay premium only once in 3 years

Features –

Extremely affordable protection with premiums starting as low as Rs 3 per day

• Easy health covers you with a single premium at one go for 3 years
• Daily Hospital Cash Benefit options of Rs 500, Rs 750, Rs 1000 and Rs. 1500 per day
• Cover your spouse, children and parents and avail of an attractive discount of 10% on premium for each family member added
• Get additional protection in case of hospitalization due to an accident and for hospitalization in an ICU
• Avail of Get Well Soon benefit for continuous hospitalization of 7 days or more
• Simple and easy to enroll. No need to fill up lengthy proposal forms or take any medical tests or medical reports

Waiting Period –

There is a waiting period of 90 days except for accidental hospitalisation.

Tax Benefits –

You receive tax benefits under section 80D and 10(10D)

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• You want a plan that guarantees you higher savings and limits your downside
• You want a plan that offers limited paying term

Features –

360 degree protection to your loved ones through comprehensive protection in case of death Option to make partial withdrawals from the fund anytime after 5 policy years.

On Death In case of unlucky event of death of the life insured during the Policy benefit period, the death benefit payable will be as per the option chosen by you;

Death Benefit Option B is only available for premiums Rs 100,000 and above

The Sum Assured will be as per the schedule given below –

At maturity:

The maturity benefit applicable to you will be the Number of Units in your policy at maturity multiplied by the highest of:

• NAV at maturity; OR
• Highest NAV achieved in the tracking period; OR
• NAV of Rs 12

Tracking Period is a period of 7 years from the date of launch of the True Wealth Fund series as applicable to you.

Tax Benefits –

You receive tax benefits for premiums paid and benefits received as per prevailing tax laws under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Mortality Rates  -

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• You want a suitable product that enables you to plan for important milestones in your life
• You want a product with additional accidental death cover at no extra charge

Features –

• A convenient product with premium payment for only 12 years and benefits for 15 years
• Enhance savings through Annual Reversionary Bonuses and Terminal Bonuses if declared
• Provides regular money back through guaranteed annual regular payments
• Enhanced protection with an in-built accidental death benefit in addition to the normal death benefit

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• If you want a plan that would completely secure an important financial goal of your family (e.g. child’s education, marriage etc)
• If you are looking for a flexible investment plan that can adapt to your investment habits

Features –

• Choice of policy terms to suit your financial goals – 10, 15, or 20 year term
• 360 degree protection to your loved ones through inclusive protection in case of death
• Flexible options like partial withdrawal, premium redirection etc
• 12 free switches every policy year and 6 investment fund options

On Death

You get the Sum Assured plus fund value at the time of death.

On Maturity

You receive the policy fund value

Tax Benefits –

You receive tax benefits for premiums paid and benefits received as per prevailing tax laws under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Mortality rates –

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• You want to protect the future of your loved ones
• You want a plan that protects your family while also builds your savings

Minimum & Maximum Cover –

The minimum Sum assured under this plan is Rs 180,000

Tax Benefits –

You receive tax benefits under section 80C and 10(10D)

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