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

Bharti AXA Life, Flexi Term Pro, term insurance plan, features, Return of PremiumThe plan is accessible in two choices – Without Return of Premium and With Return of Premium.

Bharti AXA Life Insurance in the present day introduced its new-age and complete safety resolution, Bharti AXA Life Flexi Term Pro, which provides the choice to cover the life up to 99 years and offers a custom-made defend with a number of flexibilities to financially safe the insured and his/her household.

Bharti AXA Life Flexi Term Pro is a non-linked, particular person, non-participating pure safety plan that additionally provides One Year Term and telemedical underwriting choice to people as a key differentiator within the home insurance market.

With the novel term plan, the corporate launched stop smoking and keep match advantages for purchasers with a further low cost of 5 per cent on the next renewal premium. The new safety resolution 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 ‘Quit Smoking’ and ‘Stay Fit’ advantages earlier than the third coverage anniversary and the second coverage anniversary, respectively.

Unveiling the wide-ranging life safety resolution, Bharti AXA Life Insurance MD and CEO Parag Raja stated, ‘’The ongoing Coronavirus pandemic has made folks conscious concerning the want for monetary safety and obligations within the unsure life and set term insurance a essential part of their portfolio, which was not the identical a few years in the past. We designed Flexi Term Pro 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 desire and desires. Further, the value-loaded safety resolution additionally caters to the evolving life stage wants of our prospects. We consider that stop smoking and keep match advantages are game-changing traits that may redefine the safety insurance market in India.’’

Bharti AXA Life Flexi Term Pro is accessible in two choices – Without Return of Premium and With Return of Premium. It provides 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 shall be payable.

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

Apart from offering safety, the return of premium on maturity, and loss of life profit payout option- together with lump sum and month-to-month earnings – advantages, it additionally provides the policyholders flexibility to enhance their safety cover throughout varied life levels – single, marriage, childbirth, and training, and many others. ‘’This characteristic empowers our prospects with sufficient safety at completely different milestones of their lives with no further monetary and medical necessities. With this distinctive product, we shall be in a position to bridge, to an extent, the safety hole that presently exists within the nation,” Raja identified.

The life cover is accessible until 85 years, although there may be an choice of complete life term protection up to 99 years. ‘’We are additionally extending the life protection from the age of 85 years to 99 years to help our prospects at a later stage of life,’’ he stated, including that the revolutionary term plan additionally permits the shoppers to pay a premium for a limited-term, as much less as 5 years, and get a life cover until the age of 85.

It provides 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 also can improve their safety by availing riders – Bharti AXA Hospi Cash Rider, Bharti AXA Life Accidental Death Benefit Rider, Bharti AXA Life Premium Waiver Rider and Bharti AXA Life Accidental Total and Permanent Disability Rider – at a further premium.

The prospects 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 Term Pro, we’re providing a big selection of advantages and decisions to assist our prospects and their family members fulfill their particular monetary necessities at every stage of life and to empower them with sufficient monetary sources to dwell the lifetime of their desires. Further, we purpose to penetrate deeper into the present business and discover new segments so as to increase the general term market in India.’’


  • Flexi Term Pro is a plan you could customise in accordance to your wants and life stage. Choose from a vary of options that meet your necessities and make your term insurance work finest for you.
  • The plan provides two choices: Without return of Premium and With return of Premium.
  • Coverage for Joint/Single Life – Under the Without return of premium variant, you’ve got the choice between Single Life cover or Joint Life Cover i.e. cover on your partner below the identical coverage.
  • Flexibility in Policy and Premium Payment phrases – This product provides you the choice to select from a number of Policy phrases and Premium Payments phrases, providing the chance to customise the plan to fit your wants.
  • Whole Life Cover – (*99*) to cover your self on your total lifetime, by choosing cover up to 99 years.

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