Bharti AXA Life Insurance

For regular and limited pay options, this is the highest of 11 times the annualized premium, 105% of total premiums paid up to the date of death, or the absolute sum assured chosen under the policy.

Lump-sum payout, monthly income for 10 years, or a combination of lump-sum and monthly income.

Under the Without Return of Premium variant, the policyholder can choose to cover a spouse under the same policy. If the primary life insured passes away first, the death benefit is paid, future premiums for the surviving secondary life are waived, and the cover for the secondary life continues for the remaining policy term.

If the policyholder chooses the With Return of Premium option and survives till maturity, the total premiums paid under the base plan are returned as the maturity benefit, provided all due premiums have been paid.

The policyholder can increase the sum assured twice during the policy term without a fresh medical examination. Each increase can be equal to 50% of the original sum assured, with the total increase capped at 100% of the original sum assured.

This rider pays a fixed benefit for each day of hospitalization, subject to a maximum of 40 days per year. It also provides a lump sum benefit in the event of surgery.

If the life insured is diagnosed with any of the 11 covered critical illnesses, future premiums are waived, and the policy benefits continue.

This rider can provide extra protection for events such as accidental death, accidental total and permanent disability, accidental permanent partial disability, critical illness, comprehensive critical illness, and cancer care.

For regular and limited pay options, this is the highest of 11 times the annualized premium, 105% of total premiums paid up to the date of death, or the absolute sum assured chosen under the policy.

These include a lump-sum payout, monthly income for 10 years, or a combination of both.

Under the Without Return of Premium variant, the policyholder can choose to cover a spouse under the same policy. If the primary life insured passes away first, the death benefit is paid, future premiums for the surviving secondary life are waived, and the secondary life cover continues for the remaining policy term. If the secondary life insured passes away first, the primary life cover continues, but premiums for the primary life still need to be paid.

If the policyholder chooses the With Return of Premium option and survives till maturity, the sum assured on maturity is paid, provided all due premiums have been paid. This maturity amount is based on the total premiums payable during the policy term, including modal loadings but excluding extra underwriting premiums, taxes, and rider premiums.

The policyholder can increase the sum assured twice during the policy term without a fresh medical examination, subject to conditions. Each increase can be equal to 50% of the original sum assured, and the total increase is capped at 100% of the original sum assured.

If eligible, the policyholder can exit during the special exit year and receive total premiums paid, excluding applicable taxes and rider premiums. This benefit is not available under the Return of Premium variant, joint life variant, or if the increased sum assured benefit is chosen. The policy term must be at least 40 years.

This rider pays a fixed benefit for each day of hospitalization, subject to a maximum of 40 days per year. It also provides a lump-sum benefit in the event of surgery.

If the life insured is diagnosed with any of the 11 critical illnesses covered under the rider, future premiums are waived, and the policy benefits continue.

This rider pays the additional sum assured chosen under the rider if a covered event occurs.