Life Insurance

Bharti Axa Life eProtect eProtect

Death Benefit Sum Assured
Survival Benefits No
Income Tax Benefits Premiums paid: Tax Benefits under section 80C of the Income Tax Act; Death Benefit: Tax Benefits under section 10(10D) of the Income Tax Act
Single Premium Option No
Cover Increment No
Payout form of Death Benefit Lumpsum
Additional Benefits Family Care Benefit (partial payment of sum assured to family within 48 hours of insured person's demise)
Premium Payment Frequency Monthly, Half Yearly, Yearly
Exclusions Suicide: committed within 1 year of date of commencement or revival of policy
 

Eligibility

Minimum Entry Age 18 Years
Maximum Entry Age 65 Years
Maximum Maturity Age 75 Years
Policy Term (Years) 10, 15, 20, 25, 30 Years
Premium Paying Term Same as Policy Term
 

Riders

Critical Illness No
Accidental Death Get a payout of 100% of Sum Assured in case of an accidental death
Accidental Disability/Dismemberment No
Waiver of Premium No
Hospitalisation Benefit Get a fixed payout for each day of hospitalisation. You also get a fixed payout if you are admitted in an Intensive Unit Care or a lump sum payout in case of surgery.
 

Other benefits

Free-look option

If you disagree with any of 'Bharti Axa Life eProtect’ 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 30 days of receipt of the policy bond.

 

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 of the 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.