Bharti AXA Life POS Saral Jeevan Bima Yojana

Bharti AXA Life POS Saral Jeevan Bima Yojana is a non-linked non-participating term insurance plan which is designed to provide life insurance cover to the family in case of death of the policyholder. The plan provides financial backup to secure your family’s future.

The key benefits of this plan:

Death Benefit

• Option 1 - In case of the death (other than death due to Accident) during the waiting period of 90 days, the death benefit payable will be 100% of premiums.

• Option 2 - In case of death (other than death due to Accident) of the policyholder during the policy term post the expiry of waiting period of 90 days, the sum assured on death will be paid to the nominee. The sum assured on death is the highest of:

• 11 times annualized premium*

• 105% of all premiums paid as on date of death
• Absolute amount assured to be paid on death equal to the sum assured under the policy
• Sum assured on maturity which is zero under this plan

Annualized premium is the premium amount payable in a single year*

• Option 3 - In case of death of the policyholder due to an accident during the policy term when no waiting period is applicable, the total death benefit payable will be equal to two times of the sum assured on death. This feature is applicable only if the death was caused directly such an accident, and independently of any physical or mental illness within 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 (120 days from the date of accident), the death benefit i.e. two times the sum assured on death will be paid immediately on death.

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The following documents are required for this plan:

• Application Form
• KYC Details - Proof of ID and Address
• Proof of Age
• Bank Statement
• Medical Test Report, if required
• SIP/SI/Auto Debit/Bank Mandate Form

Suicide - In case of death of the policyholder due to suicide within 12 months from the date of commencement of risk under or from the date of revival of the policy, as applicable, the nominee/beneficiary/family of the policyholder shall be paid at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death, whichever is higher.

Waiting Period - In case of death of the life insured (other than due to accident), a waiting period of 90 days will be applicable from the date of acceptance of risk.

Exclusions in case of death due to Accident - The following instances are excluded from cover:

• Suicide or attempted suicide or self-inflicted injury
• War, terrorism, invasion, act of foreign enemy, hostilities, civil war, martial law, rebellion, revolution, insurrection, military or usurper power, riot or civil commotion
• Taking part in any naval, military or air force operation
• Participating in assault, criminal offence, or illegal activity
• Engaging in hazardous sports/entertainment/pastime activities
• Intake of alcohol or solvent abuse or taking of drugs, narcotics or psychotropic substances