Bharti AXA Life Triple Health Insurance Plan

Policy Benefits

Lump Sum Benefit

• Lump sum amount is payable to the insured equal to the sum assured on being diagnosed with a critical illness from any of the 3 groups classified as first claim.
• Encounter with second critical illness (from a separate group of illnesses as mentioned in the policy contract), 100% of Sum Assured if event is not included in the same group for which compensation was paid at the first critical illness event. This is subject to a no benefit period of 365 days between each claim.
• 100% of Sum Assured paid in the event of third claim (from a separate group of illnesses as mentioned in the policy contract) subject to a no benefit period of 365 days between each claim.

Waiver of Premium Benefit

The future premiums are waived off after the first claim for the remaining policy term.

Death Benefit

There is no death benefit payable under this plan.

Maturity Benefit

There is no maturity benefit payable under this plan.

How the Plan Works?

Let us understand the plan with the example of Mr. Ashok:

Life Insured: Mr. Ashok

Age: 30 years

Term: 15 years

Sum Insured: Rs 5 lacs

Annual Premium: Rs 2,440 plus taxes

Value Added Benefits

• Avail tax benefits u/s 80D as per IT Act, 1961 for premium paid for this plan.
• Avail Bharti AXA Life Hospi Cash Rider for enhanced coverage.
• Premium Rates are guaranteed for the first 3 years of the policy.

Sub Limits

• No Copay or sub limit applicable.

Waiting Period Clause

• Initial Waiting Period: A waiting period of 90 days from the inception date for all claims to be admissible, under this policy.
• Subsequent Claim Waiting Period: For your subsequent claims (2nd and 3rd claims), there would be a no benefit period of 365 days from the date of diagnosis of the previous claim.
• Survival Period Waiting Period: There is a minimum survival period of 30 days post each claim.
• Pre Existing Waiting Period: 48 months waiting period applicable with respect to Pre Existing Diseases.