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Bharti AXA Life POS Saral Jeevan Bima Yojana

Summary Info

Insurance Company	Bharti Axa Life Insurance Company Ltd
Plan Name	Bharti AXA Life POS Saral Jeevan Bima Yojana
Plan Nature	TRADITIONAL
Plan Category	Protection Plan
UIN No.	130N094V01
About Plan	This is a Non-Linked Non-Participating Term Insurance Plan. This plan provides life insurance coverage in case of an unfortunate death so as to provide financial backup to secure your familys future. One of the key features of the plan is that it does not require any medical examination of the life insured.

Basic Details

Minimum Entry Age	18 Years
Maximum Entry Age	55 Years
Policy Term	10 / 15 / 20 / 25 Years
Minimum Maturity Age	28 Years
Maximum Maturity Age	65 Years
Premium Payment Term	Same as Policy Term
Minimum Sum Assured	Rs. 50,000/-
Maximum Sum Assured	No Limit
Premium	Depends on Sum Assured

Key Benefits

Benefits

Particulars	Description
Maturity Benefits	In case the Life Insured survives till maturity, no benefit shall be payable.
Death Benefits	a) Death Benefit (other than death due to Accident) - During Waiting Period of 90 days: In case of the death of the Life Insured during the waiting period of 90 days, the Death Benefit payable will be 100% of premiums paid till the date of death, exclusive of applicable taxes. b) Death Benefit (other than death due to Accident) - After Waiting Period of 90 days: In case of death (other than death due to Accident) of the Life Insured during the Policy Term after the expiry of waiting period of 90 days, the Sum Assured on Death will be payable to the nominee where the Sum Assured on Death is highest of: i) 11 times annualized premium, or ii) 105% of all premiums paid as on date of death, or iii) Absolute amount assured to be paid on death equal to the sum assured under the policy, or iv) Sum assured on maturity which is zero under this product. c) Death Benefit (death due to Accident) - No Waiting Period is applicable: In case of the death of the Life Insured due to Accident during the Policy Term, the total Death Benefit payable will be equal to two times of the Sum Assured on Death (as defined above in (b)) provided such death was caused directly by such Accident and independently of any physical or mental illness within one hundred twenty (120) days of the date of Accident. If the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), the Death benefit i.e. two times the Sum Assured on Death (as defined above in (b)) will be payable immediately on Death. Death.
Surrender Benefit	no surrender value is payable under this product.

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