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


The plan is available in two options: without premium refund and with premium refund.

Bharti AXA Life Insurance today announced its new era and comprehensive protection solution, Bharti AXA Life Flexi Term Pro, which offers the ability to cover life up to 99 years and provides a personalized shield with multiple flexibilities to secure financially the insured and his / her family.

Bharti AXA Life Flexi Term Pro is an untied, individual, non-participating pure protection plan that also offers a one-year subscription and telemedicine option to individuals as a key differentiator in the domestic insurance market.

With the new term plan, the company introduced quitting and staying fit benefits for customers with an additional 5% discount on the subsequent renewal premium. The new protection solution prompts customers to be rewarded for a healthy lifestyle by quitting smoking and improving their health and reducing the insurance premium for the “ Quit Smoking ” and “ Stay in shape ” before the third and second anniversary of the policy, respectively.

Unveiling the vast life security solution, Bharti AXA Life Insurance MD and CEO Parag Raja said, “ The ongoing coronavirus pandemic has raised awareness among people of the need for financial protection and obligations in uncertain life and made term insurance a crucial item in their portfolio, which was not the same a few years ago. We have designed Flexi Term Pro with multiple features and options that help people secure their lives and gain financial security for their families according to their preferences and needs. In addition, the value-added protection solution also meets our customers’ evolving life needs. We believe that quitting smoking and staying fit are game-changing characteristics that will redefine the protection insurance market in India. ”

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Bharti AXA Life Flexi Term Pro is available in two options: without premium refund and with premium refund. It returns 100 percent of the premium to policyholders at the end of the term only as part of the premium refund option. If the insured survives and all premiums due have been paid up to the due date, the maturity sum insured (total premiums paid to maturity) without GST will be payable.

Under the variant without return of premium, the customer also has the possibility of receiving a joint-life benefit in the same policy which allows the insured to cover his spouse. At the end of the main insured life, the spouse’s life cover will continue.

In addition to protection, return of premium at maturity and the option of paying the death benefit – including a lump sum and monthly income – it also gives policyholders the flexibility to increase their protection coverage. at different stages of life – single, marriage, childbirth and education, etc. This feature allows our clients to benefit from adequate protection at different stages of their life, without additional financial and medical requirements. With this unique product, we will be able to close, to a certain extent, the protection gap that currently exists in the country ”, underlined Raja.

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Life coverage is available up to age 85, although there is a whole life coverage option up to age 99. “ We are also extending the life coverage from 85 years to 99 years to support our clients at a later stage of life, ” he said, adding that the innovative term plan also allows clients to pay a premium. for a limited time, as little as five years, and get life insurance up to age 85.

It offers the ability to choose from multiple policy terms and premium payment terms and the ability for clients to customize their plan to suit life’s needs. They can also improve their protection by using the endorsements – Bharti AXA Hospi Cash Rider, Bharti AXA Life Accidental Death Benefit, Bharti AXA Life Premium Waiver Rider and Bharti AXA Life Accidental Total and Permanent Disability Rider – for an additional premium.

Customers are entitled to tax benefits on premiums paid as well as benefits received in accordance with applicable tax laws.

Raja said: “ With the introduction of Flexi Term Pro, we are offering a wide range of benefits and choices to help our clients and their loved ones meet their specific financial needs at every stage of life and give them the adequate financial resources to live the life of their dreams. Furthermore, we aim to penetrate deeper into the current industry and explore new segments in order to expand the overall term market in India. ”

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Strong points

  • Flexi Term Pro is a plan that you can customize according to your needs and your stage of life. Choose from a range of features that meet your needs and make your term insurance work the best for you.
  • The plan offers two options: Without Return from Premium and With Return from Premium.
  • Coverage for joint / individual life – Under the No premium refund variant, you have the choice between cover for a single life or joint life insurance, i.e. cover for your spouse under the same contract.
  • Flexibility in Policy and Premium Payment Terms – This product gives you the flexibility to choose from multiple policy terms and premium payment terms, providing the ability to customize the plan to suit your needs.
  • Whole Life Coverage – Option to cover you for your entire life, with coverage for up to 99 years.

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