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5 Things to Ponder Before Buying Bharti AXA Life Insurance Plan

Archana Singh1529 03-May-2017

In today’s time, having a foolproof financial plan for a secured future is very crucial. Having a life insurance plan is the best way to safeguard your family from all types of unforeseen events and economic crisis. Nowadays, as you can find various life insurance policies available in the market, many times choosing the most beneficial plan becomes confusing. 

When we talk about life insurance policies then Bharti AXA Life Insurance is certainly one of the best insurance providers in the market. With a wide range of comprehensive policy offered by the company, it provides manifolds of benefits to the insurance seekers. According to one’s own choice, he/she can choose products ranging from investment plans to traditional protection plans. However, prior zeroing on the plan there are certain things that should be kept in mind.

 As an insurance buyer one should understand that purchasing a term insurance is more than paying premium and securing the future of your loved ones. Further in this article we have discussed briefly about some of the important aspects that should be kept in mind while buying Bharti AXA Life Insurance Plan.

Choose an Adequate Cover-

It is very crucial to choose an appropriate cover amount and avoid being under insured or over insured. A life insurance policy provides financial security to the dependents of the insured. Bharti AXA Life Insurance Plan ensures financial stability and takes care of all the basic expenses of the family which majorly includes education, debt, loans, marriage of children, etc. The whole purpose of securing the future of the family can get defeated if the insured avail a life insurance plan with inadequate sum assured.

The Inflation Factor-

If you are planning to buy a term insurance of Rs 50 lacs and wants to secure the future of your family then prior buying a term insurance plan, thing again.  Considering the rate of inflation the amount that you will invest now will grow as 20 odd lacs in 10 years. So, it is very important to consider the inflation factor and work out according to the sum assured you need.

Duration of Policy-    

As compared to short term life insurance policy, it is more beneficial to buy a long term Bharti AXA Life Insurance Plan that provides coverage to the insured till the retirement. Generally, the premium rates of life insurance plans increases automatically if one choose to buy it at old age. Moreover, in case the insurers can deny selling a life insurance plan in case if the buyer has a heath issue. So, choosing a plan that has flexibility of fixing tenure and is for long term is more beneficial.

Offline/Online Plan-

Prior zeroing in on a plan, check the available options, offline and online. Nowadays, most of the insurance seekers choose to buy an online term insurance policy as compared to the offline policies because of their affordability. The online term insurance policies not only cost less but can be bought easily in a hassle freeway. Moreover, a person can buy online Bharti AXA Life Insurance Policy without any medical test if he/she falls in a certain age group.

Don’t Miss to Check the Plan Feature-

While you are planning to buy a life insurance policy, don’t miss to check on the features of the plan. One should always choose a policy which is flexible and in which an individual can pay premium according to their own comfort ability. According to the necessity of the insured can choose the tenure of the policy and set the sum assured amount. Besides this, the insured should not miss out to check the add-on benefits offered by the policy as riders.

 Before buying any life insurance policy, the insurance seekers should set a financial goal and choose a policy that can help them to achieve that goal. Bharti AXA Life Insurance plan not only help to achieve the financial goal of an individual but also provides many add-on benefits as compared to the other plan. 


Archana Singh is an independent copywriter. She does like to share her experience among people by her creative writing.

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