Online Term Insurance Plan and Benefits - Bharti AXA Life Choosing the right tenure of your term insurance plan is very important. Your policy term should not expire before your retirement, i.e, you should have a cover till the time you intend to work, which could be up to 60-65 years. There are also policy covers which last almost a lifetime, i.e, offer cover upto 90 years of age. However, such a policy will have a substantially high premium which isn't feasible. If you buy a policy at age 30 with a tenure of 20 years, your policy term will come to an end when you are merely 50 years old. Thus, it is recommended to have a term policy with a term as long as it takes you to build enough assets or financial worth to take care of your family.
1 Crore Term Insurance Plan | Bharti AXA Life Term insurance plan should be bought at the beginning of your career when you're sufficiently young, healthy and unencumbered. Working professionals can invest in a 1 crore term insurance plan in their late twenties or early thirties (25-35 years old) to enjoy low premium rates, which are fixed throughout the term of the policy. Persons who are the sole earners in the family can invest in a one 1 crore term plan to ensure that their family is sufficiently secure in case of their absence. They should also explore whether a cover of 1 crore term is the best option or whether they need extra cover. Individuals with home loans or education loans must have a term insurance plan as a safety net in case of emergencies. The sum assured can be used to pay off an individual's loans, and the family can be debt-free in case of a contingency. Let's explore a few examples to understand whether a 1 crore term insurance is the right coverage amount for us. Tanmay's Finances: Early Investment
Car Insurance : Buy or Renew Car Insurance Policy Online What is the importance of opting for car insurance? Purchasing insurance is an inevitable part of owning a car. Although investing in insurance might seem like an expense, it proves to be a lifesaver in case the worst happens. Compensation on death Death of a policyholder can be one of the most dreadful of the impacts of an accident. Compensates for damages Maintaining a car and paying for repairs in case of damages can be an expensive affair. Hospitalisation expenses Being hospitalised as a result of an accident is not only mentally stressful, the medical expenses incurred are sky-high and can drain your finances. What are the features of a car insurance policy? Third-party insurance makes good the damages suffered as a result of an accident caused by your vehicle while it was in motion. ✓ Comprehensive Coverage Unlike a third-party policy, a comprehensive policy compensates for damages caused to your car preventing it from draining your finances. ✓ No Claim Bonus (NCB) ✓ Add-ons ✓ Add-ons
Comprehensive Bike Insurance: Buy/Renew Comprehensive Policy Online Two Wheeler Comprehensive Insurance Comprehensive two wheeler insurance combines third-party bike insurance and own damage insurance into a single policy. It provides financial protection from any losses arising from a traffic collision, and also indemnifies the insured against any financial claims from third parties involved in an accident involving your bike. Reasons To Choose Two Wheeler Comprehensive Insurance While a third-party two wheeler insurance cover is mandatory by law, you should consider getting a two wheeler comprehensive insurance policy as: IDV & NCB For Comprehensive Two Wheeler Insurance Two terms related to comprehensive two wheeler insurance that leave many new bike owners confused are IDV and NCB. Insured Declared Value, or IDV for short, is the maximum amount that the insurer would pay in case of a claim. The value of your two wheeler starts depreciating from the moment you buy it. For purpose of depreciation, the life of a two wheeler is assumed to be five years.
Savings Plan - Saving Plans 2021 Online | Bharti AXA Life With the uncertainty surrounding health, the environment, and occupations, the need for life insurance has expanded exponentially in recent years. Unexpected events such as accidents, illness, or death can not only take your life, but they can also leave your dependents without an income and financial support to meet emergencies and necessities such as paying off debts or future planning. A saving plan provides a built-in death benefit that assures your policy's dependents are financially secured even in your absence. If you are the only breadwinner and your family relies on your income, this becomes much more important. Even if you die unexpectedly, a saving plan will keep them financially secure for their daily requirements and assist them in paying off debts. Saving plans help you develop a disciplined savings habit by requiring you to pay the premium regularly. Use a wise savings strategy to meet long-term financial goals such as a child's schooling or marriage.
Type of Life Insurance Policy in India - Bharti AXA Life Term Insurance Child Insurance Plans Savings Plan & Investment Term Insurance with Return of Premium Unit Linked Insurance Plans Endowment Plans Moneyback Policy Whole Life Insurance Group Life Insurance Retirement Plans Term Insurance A term insurance policy is a pure life cover, and its structure is very simple to understand. You pay a premium to an insurance company for a specific number of years, and in return, in case you were to meet with an untimely death, the insurer promises to pay the sum assured to your family. It provides higher cover for a lesser premium as compared to other life insurance products. Whole Life Insurance Policy As the name suggests, a whole life insurance policy gives you a cover for life. Unlike other insurance policies, it does not have a defined term. Endowment Policy Endowment plans are again a combination of savings and protection. Apart from the sum assured, there is a saving component. Moneyback Policy Term Insurance with Return of Premium
Term Insurance Premium Calculator Online 2021 | Bharti AXA Life MWP Act - Marriage Women's Property Act in Term Insurance | Bharti AXA Life Women's rights in India have always been an issue, when approached from a social, political or legal perspective. This is because women in familial roles (mothers, daughters, sisters and wives) are often dependent partly or wholly on the men of the family and rarely exercise any right over their own assets. This often leads them to be victims in property disputes and more often than not, women are left penniless without any financial security for herself or her dependent children. Hence, the Married Women's Property Act, 1874 or the MWP was enacted to curb this injustice. The MWP Act, 1874 was amended in 1923 to include life insurance policies made out in the name of the married woman or her children or both and Section 6 of the MWP Act reads: The entire sum is treated as separate from the policyholder's estate and hence, these benefits cannot be used for repayment of debt or loan or form part of joint family property, in case of untimely death of the policyholder.
Difference Between Term Insurance and Health Insurance Standard Term Insurance Plan Your premium amount during the entire term of the plan remains constant. The sum insured also remains unchanged. If the policy holder dies during the term of the plan, the nominee gets the amount equivalent to the sum insured. Return of Premium Term Insurance If the policy holder survives the entire term of the plan, he will not get any benefit under the standard term insurance plan. Increasing Term Insurance With every passing year, inflation reduces the value of money. Decreasing Term Insurance The insurance companies assume more and more risks with each passing year of the insured. Convertible Term Insurance Plan It is just like a standard insurance plan, however with an option to convert it into an endowment plan. Term Insurance with Riders and Options As per your individual needs and risk perception, you can avail additional riders and options with your standard term insurance plan.
Term Insurance Calculator Online 2021 | Bharti AXA Life 1 Crore Term Insurance Plan Term Insurance should be bought at the beginning of your career when you're sufficiently young, healthy and unencumbered. Working professionals can invest in a 1 crore term insurance plan in their late twenties or early thirties (25-35 years old) to enjoy low premium rates which are fixed throughout the term of the policy.Persons who are the sole earners in the family must invest in at least one 1 cr term plan to ensure that their family is sufficiently secure in case of their absence. They should also explore whether a cover of 1 crore term is the best option or whether they need extra cover.Individuals with home loans or education loans must have a term insurance policy as a safety in case of emergencies. The sum assured can be used to pay off an individual's loans and the family can be debt free, in case of a contingency. Let's explore a few examples to understand whether a 1 crore term insurance is the right cover amount for us. Tanmay's Finances:
Comprehensive Car Insurance - Buy Comprehensive Policy Online About Comprehensive Car Insurance Comprehensive car insurance combines third-party car insurance and own damage insurance into a single policy. As per the Motor Vehicles Act, it is mandatory for all the motor vehicles plying on Indian roads to get a third party liability cover. But such a cover does not pay for any damages that your car may sustain in an accident. Therefore, you must opt for a comprehensive car insurance policy for complete financial protection in the aftermath of an unforeseen event. What Is Comprehensive Car Insurance A comprehensive car insurance policy covers losses/damages to you and your car in addition to protecting you against third-party liabilities. The premium for such a policy consists of both a third-party premium and an own-damage (OD) premium. In case you do not already have the requisite Personal Accident Cover (PAC), you can also opt-in for the same along with your comprehensive car insurance. Why Comprehensive Car Insurance Cover against man-made acts
Bike Insurance Renewal: Renew Two Wheeler Policy Online Here are some of the features which make purchasing Bharti AXA two-wheeler insurance policy online easy. Instant policy: If you have the necessary details ready, we will have your bike insurance policy ready quicker than you think. Get your car insurance quote online here.No paperwork: Because we know you would rather take your loved ones out for some fun, instead.Simplified process: We have made the car insurance purchase, renewal, and claim process online effortless. Quick renewal: Bike insurance renewal will only take less than 2 minutes online. Two Wheeler Long Term Package Policy for two or three years covers your entire two wheeler requirement. No hassles of annual renewalsEnjoy No claim bonus (NCB) for your claim free yearsReap the benefits of your hard earned NCB. *Available on 2 year & 3 year Long Term Two Wheeler Package Policy Refer Two Wheeler Long Term Package Policy Wordings (PDF, 288 KB) for more details.
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