1. Life Insurance Coverage is available under this policy.
2. Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Premier Protect
Plan is only the name of the Non-Linked, Non-Participating Individual Pure Risk Premium Life
Insurance Plan and does not in any way represent or indicate the quality of the policy or its
future prospects.
3. This product brochure is indicative of the terms, conditions, warranties and exceptions
contained in the insurance policy bond.
4. Riders are not mandatory and are available for an additional cost.
5. Bharti AXA Life Hospi Cash Rider (130B007V04) is the name of the traditional
non-participating rider and does not in any way represent or indicate the quality of the Rider or
its future prospects.
6. Bharti AXA Life Accidental Death Benefit Rider (130B008V02) is the name of the traditional
non-participating rider and does not in any way represent or indicate the quality of the Rider or
its future prospects.
7. Bharti AXA Life Premium Waiver Rider (130B005V04) is the name of the traditional
non-participating rider and does not in any way represent or indicate the quality of the Rider or
its future prospects.
8. Tax benefits are as per income tax Act, 1961, and are subject to any amendments made
thereto from time to time
Terms and Conditions
1. Free-look option: Policyholder disagrees with any of the terms and conditions of the Policy, there
is an option to return the original Policy along with a letter stating reason/s within 15 days of
receipt of the Policy Document in case of offline policy and within 30 days of receipt of the Policy
in case of electronic Policy & a policy sourced through distance marketing (i.e. online sales).
The Policy will accordingly be cancelled and the Company will refund an amount equal to the
Premium paid and may deduct, a proportionate risk premium for the period on cover,
the medical expenses incurred by the Company (if any) and the stamp duty charges. All rights
under this Policy shall stand extinguished immediately on cancellation of the Policy under the
free look option.
If the Policy is opted through Insurance Repository (IR), the computation of the said free-look
period will be as stated below:-
For existing e-Insurance Account: For the purpose of computation of the said Free Look Period,
the date of delivery of the e mail confirming the credit of the Insurance Policy by the IR shall be
reckoned as the starting date of 15 days period.
For new e-Insurance Account: If an application for e-Insurance Account accompanies the
proposal for insurance, the date of receipt of the ‘welcome kit’ from the IR with the
credentials to log on to the e-Insurance Account (eIA) or the delivery date of the e-mail
confirming the grant of access to the eIA or the delivery date of the email confirming the credit
of the Insurance policy by the IR to the eIA, whichever is later shall be reckoned for the purpose
of computation of the free-look period.
2. Suicide Exclusion: In case of death due to suicide within 12 months from the date of commencement of risk under
the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of
the policyholder shall be entitled to at least 80% of the total premiums paid till the date of
death or the surrender value available as on the date of death whichever is higher, provided the
policy is in force.
Assignment and Nomination:
Assignment: Assignment shall be in accordance with the provisions of section 38 of the
Insurance Act, 1938 as amended from time to time.
Nomination: Nomination shall be in accordance with the provisions of section 39 of the
Insurance Act, 1938 as amended from time to time.
SECTION 41 OF INSURANCE ACT, 1938 as amended from time to time
(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 or property 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 be 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:
(2) Any person making default in complying with the provisions of this section shall be liable for
a penalty which may extend to ten lakh rupees.”
SECTION 45 OF INSURANCE ACT, 1938 as amended from time to time :
Fraud, Misrepresentation and Forfeiture would be dealt with in accordance with provisions of
section 45 of the Insurance Act, 1938 as amended from time to time.
