Highlights of Saral Jeevan Bima
Financial Security for your Dependents
Flexibility in Policy Term & Premium Payment Term
Lumpsum Death
Benefit
Special Rates for
Women
Key Benefits
Multiple Options of Policy Term and Premium Payment Term
Add on
Riders
Lower Premium for Women
Simple and Easy to Understand Features
Tax
Benefits
Plan Details
| Premium Payment Option | Minimum Policy Term | Maximum Policy Term |
|---|---|---|
| Single Pay | 5 years | 40 years |
| Limited Pay (5 year & 10 year PPT) |
5 year PPT – 6 years 10 year PPT – 11 years |
|
| Regular Pay | 5 years |
- In case of Accidental Death, for regular premium or limited premium payment policy, equal to Sum Assured on Death which is the highest of:
•10 times the Annualized Premium^, or
•105% of all premiums paid as on the date of death, or
•Absolute amount assured to be paid on death. - In case of Accidental Death, for single premium policy, equal to Sum Assured on Death which is the higher of:
•125% of Single premium or
•Absolute amount assured to be paid on death. - In case of death due to other than accident, the Death Benefit is equal to 100% of all Premiums paid excluding taxes, if any.
B. On death of the Life Assured after the expiry of Waiting Period but before the stipulated date of maturity and provided the Policy is in force, the Death Benefit amount that will be payable to the nominee/ beneficiary immediately upon death payable as a lump sum is:
- For Regular premium or Limited premium payment policy, Sum Assured on Death which is the highest of:
•10 times of annualized premium^; or
•105% of all the premiums paid as on the date of death; or
•Absolute amount assured to be paid on death. - For Single premium policy, “Sum Assured on Death” which is the higher of:
•125% of Single Premium or
•Absolute amount assured to be paid on death.
^Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
In case of the death of the Life Insured during the Grace Period, the policy will be inforce and the Death Benefit, after deducting the unpaid due premium for the policy year , shall be payable and the Policy will be terminated. In case of the death of the Life Insured while the Policy is in lapse status, no benefit shall be payable and the Policy will be terminated.
Payout of Death Benefit: 100% of the Death Benefit (as defined above) will be paid immediately on death as lumpsum.
No Maturity Benefit shall be payable on the Life Assured surviving the stipulated Date of Maturity.
Here’s all you need to know about this plan
Plan at a Glance
| Parameter | Eligibility Criteria |
|
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|---|---|---|---|---|
|
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Min Age at Entry |
18 years |
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Maximum Age at Entry |
65 years |
|
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Maximum Maturity Age |
70 years |
|
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Policy Terms |
5 – 40 years |
|
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Policy Term & |
Premium Payment Option |
Minimum Policy Term |
Maximum Policy Term |
|
Single Pay |
5 Years |
40 Years |
|
|
Regular Pay |
5 Years |
40 Years |
|
|
Limited Pay (5 Years) |
6 Years |
40 Years |
|
|
Limited Pay (10 Years) |
11 Years |
40 Years |
|
|
Sum Assured |
Min Sum Assured: 5,00,000 |
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Premium Payment Modes |
Annual, semi-annual & monthly* |
|
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Minimum Premium |
As per Sum Assured chosen |
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This Product is also available for sale through Online mode. |
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Do I get the flexibility to enhance my protection through additional features?
To enhance your protection, you may customize your policy by opting for the following Riders.
Riders Available
For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Saral Jeevan Bima.
| Rider | UIN | Scope of benefits |
|---|---|---|
| Bharti AXA Life Accidental Death Benefit Rider |
130B008V02 | Receive additional sum assured as chosen under the rider in case of unfortunate event of death of the Life Insured due to an accident. |
| Bharti AXA Life Accidental Total and Permanent Disability Rider |
130B010V01 | In the event of Total and Permanent Disability of Life Insured within 120 days from the occurrence of an accident (and independent of all other causes) and subject to the rider being in force, an amount equal to the Rider Sum Assured shall be payable to the Life Insured. |
Please refer to rider brochure for complete details on terms and conditions and exclusions before opting for the rider.
In case the Policyholder opts for a Rider, the outstanding term of the Base Policy will be at least equal to 5 years. The Premium Payment Term of the Rider shall be less than or equal to the Premium Payment Term of the Base Policy.
The Premium pertaining to health related riders shall not exceed 100% of premium under the Base Policy The Premiums under all other life insurance Riders put together shall not exceed 30% of premiums under the Base Policy and any benefit arising under each of the above mentioned Riders shall not exceed the Sum Assured under the Base Policy.
Disclaimer
- Life Insurance Coverage is available under this policy.
- Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Saral Jeevan Bima (UIN: 130N102V01) is only the name of the non-linked, non-participating individual Pure Risk Premium Life Insurance Plan and does not in any way represent or indicate the quality of the policy or its future prospects.
- This is not a sales brochure, for more details on risk factors, terms, and conditions, please read the sales brochure carefully before concluding a sale.
- Riders are not mandatory and are available for an additional cost.
- Bharti AXA Life Accidental Death Benefit Rider (130B008V02) is the name of the traditional non-participating rider and does not in any way represent or indicate the quality of the Rider or its future prospects.
- Bharti AXA Life Life Accidental Total and Permanent Disability Rider (130B010V01) is the name of the traditional non-participating rider and does not in any way represent or indicate the quality of the Rider or its future prospects.
- Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time.
- ^Claim Settlement Ratio, As per annual audited figures submitted to IRDAI for individual death claims for FY 2020-21.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITOUS/FRAUDULENT OFFERS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Website Address
www.bhartiaxa.com
Toll Free Number
1800 102 4444
IRDA Reg. No. 130 dated 14/07/2006 [Life Insurance Business]CIN-U66010MH2005PLC157108 (Advt no- II-Sep-2021-3145) UIN no -130N102V01
Bharti AXA Life Insurance Company Limited Regd. Address: Unit No. 1904, 19th Floor, Parinee Crescenzo, 'G' Block, Bandra Kurla Complex, BKC Road, Near MCA Club, Bandra East, Mumbai - 400051, Maharashtra.
For further details on risk factors, policy exclusions, terms and conditions, please read the sales brochure carefully before concluding a sale.
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