Saturday, 3 March 2012

Bharti AXA Life eProtect online term life insurance plan

This is the time of term life insurance plan especially online term life insurance plan. Term life insurance plan is the purest form of life insurance which gives a huge amount of life cover with a minimum annual premium. Bharti AXA Life eProtect is such an online term life insurance plan from Bharti AXA Life Insurance. In the words of the insurance company, this is a simple, hassle free, online term insurance plan that offers protection for your family at a nominal cost and can apply with a few mouse clicks.

Benefits of Bharti AXA Life eProtect online term life insurance

Affordable premium: The premium of Bharti AXA Life eProtect online term life insurance is very low and one can easily afford it. For example a 25 year old person should pay only Rs. 6400 per annum for a life cover of Rs. 1 Crore for 30 years.

Payment of Life cover: The life insurance cover which means the sum assured will pay to the nominee in the event of unfortunate death of the insured. Rs. 1 crore is the life cover or sum assured in the above case.

Family care benefit: The insurance company offers an immediate payment of Rs. 1, 00,000 as a part of the life cover to the family of the insured within 48 hours of submitting all relevant documents, when the death of the insured happened.

Non smoker’s discount: The non-smokers will get a discount in premium if the sum assured is more than Rs. 50, 00,000

Easy online application: Now you can apply for the Bharti AXA Life eProtect online term life insurance easily through internet which saves time and paper work with 3 simple steps as follows:

Choose life insurance coverage with the help of life insurance calculator

Choose life insurance policy term which may be 10, 15, 20, 25 & 30 years.

Choose payment mode as annual or semi-annual mode.

Tax benefit: The premium payable to the Bharti AXA Life eProtect online term life insurance can avail tax benefit under section 80C of the Income Tax Act as per the present income tax rule.

Minimum and Maximum age of entry: The minimum required age of joining Bharti AXA Life eProtect online term life insurance is 18 years and the maximum entry age is 60 years less term of the policy. For example if the term of the policy is 20 years, the maximum age of entry is (60-20) 40 years.

Maximum age of maturity: The maximum age of maturity of the Bharti AXA term life insurance plan is 60 years. One should not cover 60 years when the maturity of the term plan occurs.

Minimum sum assured: The minimum sum assured of the Bharti AXA Life eProtect online term life insurance is Rs. 25, 00,000.

Death benefit: Death benefit of the term life insurance plan is equal to the sum assured. The minimum amount of death benefit is Rs. 25, 00,000.

Policy terms and premium payment term: Policy terms of the Bharti AXA Life eProtect plan is 10 years, 15 years, 20 years, 25 years & 30 years. One can choose any of these terms as policy term while applying for the insurance. Premium payment term is same as policy term. One should pay premium every years till the end of the policy term.

Premium payment mode: One can pay premium annually or half yearly only.

Insurance Premium calculator: Bharti AXA Life eProtect online term life insurance sample premium calculator as follows: This is for healthy non-smoking male individual. The amount shown below is excluding all taxes and related charges.

Age             <-----------policy term----------------------------------->

Age (yrs)    10               15               20               25               30

25               6100          6100          6100                    6200         6400

30               6800          6800          7000          7200          7300

40               12200        12900        13500

50               29300

Term life insurance is the pure form of insurance and if the insured died in between the policy term the nominee will get the sum assured and if the insured survive after the policy term no any amount will get back. Bharti AXA Life eProtect online term life insurance is one of the best term life insurance schemes.


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