Key Features

• Claim for up to a maximum of three times
  • Even after you have made your first claim, your critical illness cover continues and you are eligible to make up to 2 more claims for unrelated illnesses.
• Waiver of Premium
  • Once you have made the first claim, all your future premiums are waived off. Bharti AXA Life will pay all the future premiums on your behalf and take the responsibility to keep your Policy cover in force until maturity.
• Sum Assured on critical illness
  • If you, as the Life Insured, encounter a critical illness, anytime during the policy term of 15 years, 100% of the Sum Assured will be payable to you.
• Maturity [Benefit]
  • (Available only if you have chosen “With Return of Premium” option)
    If you have not made any critical illness claim, then at maturity we will return an amount equal to 15 times the first year’s premium. The Policy term is 15 years.
• Death [Benefit]
  • (Available only if you have chosen “With Return of Premium” option)
    In case no critical illness claim has been made and in the unfortunate event of death of the Life Insured, the death benefit equal to the first year’s premium multiplied by number of completed Policy years until the date of death is paid to the nominee.
• Tax [Benefits]
  • You may avail of tax benefits under Section 80D for the premiums paid towards health insurance and under Section 80C for the premiums paid towards death benefits, if applicable. The tax benefits are subject to change as per change in Tax laws from time to time.
    GST and Education Cess will be levied as per prevailing tax laws.

How does Bharti AXA Life Triple Health Insurance Plan work?

• You need to choose the desired Sum Assured at inception. While choosing your Sum Assured, take into account the fact that you need to be adequately covered for not only the treatment costs, but also for the loss of income during the treatment period.
• You pay the premiums (base Policy premium) regularly, as per the mode of premium payment selected by you for the Policy term of 15 years.
• You are covered for 13 critical illnesses. These illnesses are grouped in 3 separate groups. You are eligible to make up to three claims (each from a separate group), subject to a no-benefit period of 365 days between each claim.



Group A	Group B	Group C
100% Sum Assured payable	100% Sum Assured payable	100% Sum Assured payable
Heart Attack	Coma	Cancer
Coronary Artery Bypass Graft Surgery	Multiple Sclerosis	Benign Brain Tumour
Major Organ Transplant (Kidney or Heart)	Major Organ Transplant (Liver or Lung)	Major Organ Transplant (Bone Marrow)
Heart Attack	Coma	Cancer
Renal (Kidney) Failure	--	--
Heart Valve Surgery	--	--
Stroke	--	--
Paralysis	--	--

• After the waiting period of 90 days, and in event that you contract a critical illness, you may make the first claim from any of the groups.
• Once you have made a claim for a particular illness, then you cannot claim for any other illness under the same group.
• All future premium payment obligations are waived off on payment of the first claim, while your cover continues for critical illnesses from the other 2 groups.
• There is a minimum survival period of 30 days post each claim.

Over the Policy term, the product provides cover of the entire Sum Assured (for each claim), for any one critical illness from each of the 3 groups, subject to a maximum of three claims.

Product at a glance

Parameter	Eligibility Criteria
Policy Term	15 years
Premium Payment Term	15 years
Minimum Age at Entry	18 years
Maximum Age at Entry	50 years
Maximum Age at Maturity	65 years
Minimum Sum Assured	Rs. 2,00,000
Maximum Sum Assured	Rs. 30,00,000
Premium Payment Modes	Annual, Semi-Annual, Quarterly* & Monthly*

* Through ECS only

Ashok, a 30 year old opts for a Sum Assured of Rs. 5,00,000 under ‘With Return of Premium’ option while Shalini, a 40 year old opts for a Sum Assured of 10,00,000 under ‘Without Return of Premium’ option.

Bharti AXA Life Triple Health Insurance Plan	Ashok (30 year old Male)	Shalini (40 year old Female)
Product option opted	With 'Return of Premium'	Without 'Return of Premium'
Sum Assured	Rs. 5,00,000	Rs. 10,00,000
Policy Term	15 years	15 years
Annual premium	Rs. 5,945 ( Rs. 2,440 towards health insurance and Rs. 3,505 towards life insurance)	Rs. 8,990
Critical Illness Benefits
First Claim	Cancer (Group C) Rs. 5,00,000 paid out and future premiums waived off	Heart Attack (Group A) Rs. 10,00,000 paid out and future premiums waived off
Year of first claim	Year 3	Year 5
Second Claim	Coma (Group B) Rs. 5,00,000 paid out	--
Year of second claim	Year 6	--
Third Claim	Stroke (Group A) Rs. 5,00,000 paid out	--
Year of third claim	Year 10	--
Summary of Benefits Received
Total Critical Illness Benefit paid out	Rs. 15 lakhs	Rs. 10 lakhs

• You should not have any pre-existing illnesses while applying for this Policy.
• Waiting Period: There will be a waiting period of 90 days from Policy inception or from any subsequent reinstatement. During this period, if you contract a critical illness, you will not be eligible to receive your first claim.
  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: There will be a minimum survival period of 30 days applicable for each of the 3 possible claims. There may be a longer survival period for specific illnesses. Please refer to the detailed definitions of illnesses.
• Premium rates are guaranteed for the first 3 years of the Policy only. After that, the Company may revise the premium rates (upwards or downwards) subject to experience. If in case you wish to exit the Policy after the revision of premium, the surrender value, if applicable, will be paid out and the Policy benefits will cease to exist.
• The claim would be paid only if the critical illnesses falls within the definition laid down for each illness.
• Diagnosis must be confirmed by a specialist. The date of diagnosis would be considered for processing a claim.
• The premiums remain unchanged for the first three years from the date of commencement of the Policy. Thereafter, the premiums are annually reviewable. Any change in premium will only be effected with approval from IRDA and after giving prior notice in writing to the policyholders.

SECTION 41 OF INSURANCE ACT 1938

1. "No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the Policy nor shall any person taking out or renewing or continuing a Policy accept any rebate except such rebate as may be allowed in accordance with the published prospectus or tables of the Insurer."

Provided that acceptance by an insurance agent of commission in connection with a Policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub‑section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the Insurer.

2. Any person making default in complying with the provisions of this section shall be punishable with fine which may extend to five hundred rupees.

SECTION 45 OF INSURANCE ACT 1938

"No Policy of life insurance shall after the expiry of two years from the date on which it was effected, be called in question by an Insurer on the ground that statement made in the proposal for insurance or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the Policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the Policyholder and that the Policyholder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose.

Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no Policy shall be deemed to be called in question merely because the terms of the Policy are adjusted on subsequent proof that the age of the Life insured was incorrectly stated in the proposal."

About Us

Bharti AXA Life Insurance is a joint venture with a 74% stake of the Bharti group and 26% stake of AXA. The Bharti group is one of India’s leading business groups with interests in telecom, agri business and retail. AXA is the world leader in financial protection and wealth management.

As we further expand our presence across the country with a large network of distributors, we continue to provide innovative products and service offerings to cater to specific insurance and wealth management needs of customers. Whatever your plans in life, you can be confident that Bharti AXA Life will offer the right financial solutions to help you achieve them.

Disclaimers

• Insurance is the subject matter of the solicitation.
• Bharti AXA Life Insurance Company Limited, Registration No.: 130 Registered Office: Unit No. 1904, 19th Floor, Parinee Crescenzo, 'G' Block, Bandra Kurla Complex, BKC Road, Behind MCA Ground, Bandra East, Mumbai -400051, Maharashtra. Service Unit address- Bharti AXA Life Insurance Company Limited, Spectrum tower, 3rd Floor, Malad link road, Malad (west), Mumbai 400064. Maharashtra.
• Bharti AXA Life Triple Health Insurance Plan UIN: 130N072V03.
• Bharti AXA Life Premium Waiver Rider UIN: 130N072V03.
• Riders are not mandatory and are available for an additional cost.
• Bharti AXA Life Insurance Company Ltd. is the name of the Company and Bharti AXA Life Triple Health is only the name of the traditional participating insurance policy and does not in any way represent or indicate the quality of the policy or its future prospects.
• For definition of Illness and Critical Illness please refer to product brochure