Overview
Life does not exactly send a calendar invite before things go wrong, which is why a term plan matters. Bharti AXA Life Flexi Term Pro is designed for individuals who want to ensure their dependents are financially secure in the event of their passing.
In this Bharti AXA Life Flexi Term Pro Plan review, we will discuss its plan options, key features, benefits, eligibility, premium details, riders, and claim process, along with a clear verdict on its value.
What is the Bharti AXA Life Flexi Term Pro Plan?
The Bharti AXA Life Flexi Term Pro is a non-linked, non-participating, individual, pure risk life insurance plan from Bharti AXA Life Insurance. It is designed to provide financial protection to your family at an affordable cost.
In simple terms, you pay premiums, and if the life insured passes away during the policy term, the nominee receives the death benefit. If you choose the ROP option and survive the policy term, the total premiums paid are returned as a maturity benefit, while the without-ROP option focuses purely on life cover. The plan also offers flexibility in policy terms, premium payment options, and even coverage up to age 99, with the joint life variant allowing continued coverage for the surviving spouse.
Key Features, Plan Options, Eligibility, and Benefits
The Bharti AXA Life Flexi Term Pro comes in two variants, Without Return of Premium (pure protection) and With Return of Premium (TROP), with the non-ROP option also offering single life or joint life cover under one policy.
1. Pure Life Cover
This is the core version of the plan. If the life insured dies during the policy term, the nominee receives the death benefit. There is no survival or maturity benefit. It offers high coverage at a lower cost and is available as:
- Single Life Cover: Covers only the policyholder
- Joint Life Cover: Covers both spouses under one policy. If one spouse dies, the other can continue the policy with benefits as per plan terms
2. Life Cover With Return of Premium (ROP)
Under this option, the nominee receives the death benefit if the life insured dies during the policy term. If the policyholder survives till maturity, 100% of the total premiums paid (excluding taxes, rider premiums, underwriting extra premiums, and loadings for modal premiums ) are returned. This option costs more than pure term insurance.
Other Useful Features
- The plan allows a top-up, which is a voluntary increase in sum assured with fresh underwriting and higher premiums.
- The plan offers a whole life cover option, allowing you to stay protected up to age 99.
- You can choose flexible premium payment options, including single pay, regular pay, or limited pay.
- You can choose how the death benefit is paid to your nominee, either as a lump sum, monthly income (1.04% of the sum assured for 10 years), or a combination of both (50% upfront and the rest as monthly income for 5 years).
Premiums paid and benefits received may qualify for tax benefits under Section 80C (for premiums paid, old regime) and Section 10(10D) (for tax-free payouts) of the Income Tax Act, 1961, subject to prevailing tax laws.
Eligibility Criteria
Bharti AXA Life Flexi Term Pro Plan Riders
- Hospi Cash Rider: This rider provides a fixed daily cash benefit for each day of hospitalization, up to a maximum of 40 days per year, along with a lump sum payout in case of surgery.
- Premium Waiver Rider: Under this rider, if the life insured is diagnosed with any of the 11 covered critical illnesses, all future premiums are waived while the policy benefits continue as usual. The number of illnesses covered is quite low, though, compared to other insurers like HDFC Life, which covers 60 illnesses.
- Non-Linked Complete Shield Rider: This rider offers comprehensive protection by covering accidental death, total and permanent disability, partial disability, critical illnesses, and cancer care benefits.
Premium Details and How to Buy
Premium Comparison
Profile Considered: Premiums are for a ₹1 crore sum assured with coverage until age 60, for a healthy, non-smoking male resident of Delhi (110010). The figures do not include any additional riders.
These numbers have been taken from the Flexi Term Pro sales literature.
How To Buy
When you visit the Bharti AXA Life Insurance website, you can explore the Flexi Term Pro plan and review its features, benefits, and options in detail. However, there isn’t a fully self-serve “buy instantly” journey where you can complete the purchase entirely on your own from start to finish.
To buy the plan, you’ll typically need to connect with their support team. They can guide you through the process, help you choose the right variant (pure, joint life, or ROP), and assist with completing the application digitally wherever possible.
Customer Support Details
- Call: 1800 102 4444 (Monday to Saturday: 9 AM to 7 PM IST)
- WhatsApp: 022 4881 5768
- Email: service@bhartiaxa.com
Claim Process, and Is This the Right Term Plan for You?
Claim Process
- You can initiate a claim with Bharti AXA Life through their Claims Centre page, or via call, email, or branch visit.
- However, this is treated only as verbal intimation, and the claim is officially registered only after written intimation and submission of required documents (such as death proof, nominee KYC, and bank details).
- Once registered, the insurer evaluates the claim and processes payouts, typically within 5 working days, or up to 45 days if an investigation is required.
- Eligible cases may even be settled within 1 working day, subject to conditions.
For more information, visit the Bharti AXA Life contact information page, where you will also find their branch locator, in case you want to pay an in–person visit.
Is the Bharti AXA Life Flexi Term Pro Plan Right for You?
Short answer? Probably not for most people.
Here’s the thing: while the plan gets the basics right, it misses out on several important modern features that we typically look for in a strong term plan. There’s no premium break option, no instant payout on claim intimation, inbuilt terminal illness cover, smart exit feature, and no health management services, all of which are becoming fairly standard in top-tier plans today.
On top of that, the buying experience isn’t great either. There’s no proper online purchase journey or even a premium calculator to help you estimate costs easily, which makes comparison and decision-making harder. There is a premium calculator for the Life Suraksha plan, but none for the Flexi Term Pro plan.
That said, it’s not all bad. The riders are quite comprehensive, and pricing is competitive, especially for the pure term (without ROP) option.
Overall, this is a decent but slightly dated plan. It works if pricing is your main concern, but if you want a more feature-rich and hassle-free experience, there are better options out there.
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Conclusion
Bharti AXA Life Insurance Flexi Term Pro isn’t the strongest pick if you’re looking for a reliable, well-rounded term plan. The insurer has relatively high complaint volumes (average 96 per 10,000 claims between 2022 and 2025), lower business scale compared to larger insurers, and a solvency ratio of 1.63x, which is only slightly above the IRDAI minimum of 1.5x.
The plan itself also lacks several modern features and a user-friendly buying experience.
If pricing isn’t a major constraint, you’re better off considering more comprehensive options like HDFC Life Click 2 Protect Supreme Plus or ICICI Prudential iProtect Smart Plus. If you’re more price-sensitive, Axis Max Life Smart Term Plan Plus offers a stronger overall value.
Frequently Asked Questions
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