Bharti AXA Life launches Flexi Term Pro, a term insurance plan with cover up to 99 years – Check features

By | February 23, 2021

Bharti AXA Life launches Flexi Time period Professional, a time period insurance coverage plan with cowl as much as 99 years – Examine options

Bharti AXA Life, Flexi Term Pro, term insurance plan, features, Return of PremiumThe plan is on the market in two choices – With out Return of Premium and With Return of Premium.

Bharti AXA Life Insurance coverage at this time introduced its new-age and complete safety answer, Bharti AXA Life Flexi Time period Professional, which affords the choice to cowl the life as much as 99 years and offers a personalized protect with a number of flexibilities to financially safe the insured and his/her household.

Bharti AXA Life Flexi Time period Professional is a non-linked, particular person, non-participating pure safety plan that additionally affords One Yr Time period and telemedical underwriting choice to people as a key differentiator within the home insurance coverage market.

With the novel time period plan, the corporate launched give up smoking and keep match advantages for patrons with an extra low cost of 5 per cent on the following renewal premium. The brand new safety answer stirs prospects to get rewarded for a wholesome way of life on quitting smoking and improved well being standing and scale back coverage premium below the ‘Give up Smoking’ and ‘Keep Match’ advantages earlier than the third coverage anniversary and the second coverage anniversary, respectively.

Unveiling the wide-ranging life safety answer, Bharti AXA Life Insurance coverage MD and CEO Parag Raja stated, ‘’The continued Coronavirus pandemic has made folks conscious concerning the want for monetary safety and obligations within the unsure life and set time period insurance coverage a vital element of their portfolio, which was not the identical just a few years in the past. We designed Flexi Time period Professional with a number of options and choices that assist folks insure their life and earn monetary safety for his or her households as per the choice and desires. Additional, the value-loaded safety answer additionally caters to the evolving life stage wants of our prospects. We consider that give up smoking and keep match advantages are game-changing traits that may redefine the safety insurance coverage market in India.’’

Bharti AXA Life Flexi Time period Professional is on the market in two choices – With out Return of Premium and With Return of Premium. It offers 100 per cent premium again to the policyholders on the finish of maturity solely within the return of premium choice. In case the life insured survives and all due premiums have been paid until the date of maturity, the sum assured at maturity (complete premiums paid until maturity)with out GST might be payable.

Underneath with out return of premium variant, the shopper additionally has the choice to avail a joint-life profit in the identical coverage which permits the assured to cowl his/her partner. On the demise of the first life assured, the life cowl for the partner will proceed.

Aside from offering safety, the return of premium on maturity, and dying profit payout option- together with lump sum and month-to-month revenue – advantages, it additionally offers the policyholders flexibility to extend their safety cowl throughout numerous life levels – single, marriage, childbirth, and training, and so forth. ‘’This characteristic empowers our prospects with satisfactory safety at totally different milestones of their lives with no further monetary and medical necessities. With this distinctive product, we will bridge, to an extent, the safety hole that at the moment exists within the nation,” Raja identified.

The life cowl is on the market until 85 years, although there’s an choice of entire life time period protection as much as 99 years. ‘’We’re additionally extending the life protection from the age of 85 years to 99 years to assist our prospects at a later stage of life,’’ he stated, including that the progressive time period plan additionally permits the shoppers to pay a premium for a limited-term, as much less as 5 years, and get a life cowl until the age of 85.

It affords the choice to select from a number of coverage phrases and premium funds phrases and the chance for the shoppers to customise their plan as per life wants. They will additionally improve their safety by availing riders – Bharti AXA Hospi Money Rider, Bharti AXA Life Unintended Demise Profit Rider, Bharti AXA Life Premium Waiver Rider and Bharti AXA Life Unintended Complete and Everlasting Incapacity Rider – at an extra premium.

The purchasers are eligible for tax advantages on the premiums paid in addition to the advantages obtained as per the prevailing tax legal guidelines.

Raja stated, ‘’With the introduction of Flexi Time period Professional, we’re providing a variety of advantages and selections to assist our prospects and their family members fulfill their particular monetary necessities at every stage of life and to empower them with satisfactory monetary assets to reside the lifetime of their goals. Additional, we purpose to penetrate deeper into the present business and discover new segments with a purpose to increase the general time period market in India.’’


  • Flexi Time period Professional is a plan that you would be able to customise in response to your wants and life stage. Select from a spread of options that meet your necessities and make your time period insurance coverage work greatest for you.
  • The plan affords two choices: With out return of Premium and With return of Premium.
  • Protection for Joint/Single Life – Underneath the With out return of premium variant, you might have the choice between Single Life cowl or Joint Life Cowl i.e. cowl in your partner below the identical coverage.
  • Flexibility in Coverage and Premium Cost phrases – This product affords you the choice to select from a number of Coverage phrases and Premium Funds phrases, providing the chance to customise the plan to fit your wants.
  • Complete Life Cowl – Choice to cowl your self in your complete lifetime, by choosing cowl as much as 99 years.

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