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Bharti AXA Life - eProtect+ Increasing income for 10 years

About The Plan

For varied lifestyle and life stage needs you require a financial partner who offers you additional benefits along with protection for your family.  Bharti AXA Life eProtect+Lumpsum & Increasing Income is a simple, hassle free, online term insurance plan that ensures protection for your family and offers a choice of flexible payout option for varied financial needs along with services of dedicated claims handler, all at affordable premium rates. So now you can apply for the Life Insurance cover suited to your needs at the click of a button.

Under the plan, 50% of Sum Assured is paid immediately to the beneficiaries if the life insured dies, and balance Sum Assured on an annual basis in increasing installments over a period of 10 years.

Key Features

Annual income of 4.52% of Sum Assured for 10 years and increase by 10% (compound).

An option to take the death benefit as a lump sum.

Cover up to 75 years of age.

Min Sum Assured Rs. 32 lacs, max. No Limit (subject to underwriting).

Flexible tenures (10, 15, 20, 25, 30, To Age 60, To Age 65, To Age 70 and To Age 75 Years).

Entry age 18-65.

Premium discounts for non-smokers.

Tax benefit u/s 80C & 10(10D) of the Income Tax Act, 1961.

Eligibility Criteria

  • Minimum sum assured is 32 lakhs & maximum sum assured is No Limit (subject to underwriting)
  • Minimum entry age is 18 years & maximum entry age is 65 years
  • Minimum policy term is 10 years & maximum policy term is 35 years
  • Premium payment mode is Half-yearly, Yearly
  • Maturity benefits are Nil
  • Grace period is 30 days
  • Yes, under Section 80C & 10(10D) of the Income Tax Act, 1961


Vikas, age 35 years (non-smoker), purchases eProtect+Lumpsum & Increasing Income for Sum Assured of Rs. 1 cr. He chooses a Policy Term of 15 years for which the premium payment term is also 15 years. The premium that he will be required to pay is Rs 10,112, annually. The product provides him the option to choose at inception how would he like his family to receive the life insurance benefit in case something happens to him during the term of the policy.

After his unfortunate death his family will initially receive a lump sum amount of  Rs. 50 lakhs and the remaining Sum Assured will be paid out as increasing installments over a period of 10 years as shown in the table below: