Bharti AXA Life
Flexi Term Pro

Scenario 1 : Mr Reddy is a 35 year old non-smoker salaried professional. His family consists of his wife and a son. He is worried about the uncertainties in life and realizes the need for protection in his fast-paced life. He wants to ensure that his family’s needs are taken care of in case of his death and wants an insurance solution to this.

Mr Reddy decides to purchase the Bharti AXA Flexi Term Pro– Single Life (without return of premium) for a policy term of To Age 85 years regular pay and opts for Lumpsum payout option.

He wants a Sum Assured of Rs. 1,00,00,000 for which he pays a premium of Rs. 16,200 p.a. (exclusive of taxes)

Case 1 :
In case of death of Mr Reddy during the policy term, his family would receive death benefit of Rs. 1 Cr. immediately on death.

Case 2 :
Mr Reddy continues to live a healthy life and at the age of 40 years, he gets a promotion. Mr Reddy and his wife have a second child. This is a major milestone of Mr Reddy’s life and due to increased responsibilities, he wants to increase the protection by 50% so as to secure both his children and his wife in case of any unfortunate event.

Based on the increased protection, Mr Reddy’s Sum Assured increases to Rs. 1.5 Cr for which he pays an additional premium of Rs. 11,300 p.a. (exclusive of taxes) i.e., total premium of Rs. 27,500 p.a. for the remaining 45 years of the policy term.

In case of Mr Reddy’s death within 85 years of age, his family would receive Rs. 1.5 Cr immediately on death.

The above example is for illustration purpose only.

Scenario 2 : Nikhil is a 40 year old non-smoker working in an MNC, married to Neha who is a 35 year old Homemaker and they have a new born daughter Aisha. Nikhil is aware of his new additional responsibilities and wants to protect his family against all future uncertainties. He wants a cover that will provide life cover to both him and his wife and decides to buy the Bharti AXA Flexi Term Pro – Joint Life (without return of premium) for a policy term of 35 years regular pay and opts for Lumpsum payout option. He wants a Sum Assured of Rs. 1,00,00,000 for himself and a Sum Assured of Rs. 50,00,000 for his wife, for which he pays a total premium of Rs. 24,700 p.a. (exclusive of taxes)

Case 1 :
In case of death of Nikhil during the policy term, his wife, Neha would receive death benefit of Rs. 1 Cr. immediately on death, the future premiums for life cover of Neha will be waived off and the policy will continue for the remaining term.

Case 2 :
In case of death of Neha during the policy term, Nikhil would receive death benefit of Rs.50 Lakhs immediately on death, the future premiums for life cover of Nikhil will have to be paid and the policy cover will continue for the remaining term.

Case 3 :
In case of simultaneous death of both the Nikhil and Neha, the total death benefit of Rs. 1.5 Cr will be paid to the nominee under the policy and the policy will terminate.

The above example is for illustration purpose only.

Scenario 3 : Krutika is a 40 year old non-smoker and a salaried professional. Her family consists of her husband and a daughter. She is worried about the uncertainties in life and realizes the need for financial protection in life. She wants to ensure that her family’s needs are not compromised in case of her death and wants an insurance solution to this.

Krutika decides to purchase the Bharti AXA Flexi Term Pro (with return of premium) for a policy term of 25 years regular pay and opts for Lumpsum payout option.

She wants a Sum Assured of Rs. 1,00,00,000 for which she pays a premium of Rs. 28,500 p.a. (exclusive of taxes)

Case 1 :
In case of death of Krutika during the policy term, her family would receive death benefit of Rs. 1 Cr. immediately on death.

In case Krutika survives till the end of policy term i.e., till she turns 65 years, Rs.7,12,500 (28,500*25) (all the premiums collected) will be paid out in Lumpsum at the end of Policy term.

The above example is for illustration purpose only.

Plan at a Glance

*Through auto pay only