Bharti Life Flexi Term Pro - Buy Online Term insurance Policy

Why Choose Bharti Life Flexi Term Pro

It’s a term plan that you can customise according to your needs and life stage. Choose from a range of features that meet your requirements and make your term insurance work best for you.

The Plan Offers Two Options
Without Return of Premium and With Return of Premium
Coverage for Joint/Single Life
Under the Without Return of Premium variant, you have the option between Single Life cover or Joint Life Cover i.e., cover for your spouse under the same policy.
Flexibility in Policy and Premium Payment Terms
This product offers you the option to choose from multiple Policy terms and Premium Payments terms, offering the opportunity to customize the plan to suit your needs.
Whole Life Cover
Option to cover yourself for your entire lifetime, by opting for cover up to 99 years.
Increased Sum Assured
You have an option to increase your life coverage as per your increasing life stage requirements.

Key Benefits

Range of Choices

Tax Benefits

Death Benefit

Maturity Benefit -Only for Return of Premium Option

How Does the Plan Work?

These illustrative life scenarios can help you understand how this life insurance plan works.

Scenario 1 : Mr Reddy is a 35 year old non-smoker salaried professional. His family consists of his wife and a son. He is worried about the uncertainties in life and realizes the need for protection in his fast-paced life. He wants to ensure that his family’s needs are taken care of in case of his death and wants an insurance solution to this.

Mr Reddy decides to purchase the Bharti Life Flexi Term Pro– Single Life (without return of premium) for a policy term of To Age 85 years regular pay and opts for Lumpsum payout option.

He wants a Sum Assured of Rs. 1,00,00,000 for which he pays a premium of Rs. 20,200 p.a. (exclusive of taxes)

Case 1 :
In case of death of Mr Reddy during the policy term, his family would receive death benefit of Rs. 1 Cr. immediately on death.

Case 2 :
Mr Reddy continues to live a healthy life and at the age of 40 years, he gets a promotion. Mr Reddy and his wife have a second child. This is a major milestone of Mr Reddy’s life and due to increased responsibilities, he wants to increase the protection by 50% so as to secure both his children and his wife in case of any unfortunate event.

Based on the increased protection, Mr Reddy’s Sum Assured increases to Rs. 1.5 Cr for which he pays an additional premium of Rs. 12,550 p.a. (exclusive of taxes) i.e., total premium of Rs. 32,750 p.a. for the remaining 45 years of the policy term.

In case of Mr Reddy’s death within 85 years of age, his family would receive Rs. 1.5 Cr immediately on death.

In case Mr. Reddy survives till maturity and all due premiums have been paid till the date of maturity, no Maturity Benefit will be payable.

The above example is for illustration purpose only.

Make your plan with ease

Pick a plan option

Select a plan option according to your needs.

Without Return of Premium

Option to choose single life cover or joint life cover

Under Without Return of Premium variant you have the option to opt for single life cover or Joint Life Cover (cover for spouse under the same policy).

With Return of Premium

Lumpsum payout at maturity

Without Return of Premium

Option to choose single life cover or joint life cover

Under Without Return of Premium variant you have the option to opt for single life cover or Joint Life Cover (cover for spouse under the same policy).

With Return of Premium

Lumpsum payout at maturity

By choosing this option, on survival you can get a lumpsum payout at the end of your policy term (maturity). The payout will be equivalent to the product of your annual premium amount and policy term duration.

Now, add a rider

You can strengthen your Bharti Life Flexi Term Pro by adding a rider.
However, please note that riders are not mandatory and are available at an additional cost.

Bharti Life Hospi Cash Rider (UIN: 130B007V05):

This rider allows payment of a fixed benefit for each day of hospitalization subject to maximum of 40 days per year and also provides lump sum benefit in case of surgery

Bharti Life Premium Waiver Rider (UIN: 130B005V05):

Under this rider, in case the Life Insured is diagnosed from any of the 11 critical illnesses covered under the rider, the future premiums are waived off and the benefits under the policy will continue.

Your Questions Answered

How much Term Insurance Cover do I need?

Term insurance policies are a corpus you maintain to help your family maintain expenses in case of an untimely death. However, there is no 'magic number' for the right cover amount for you.

You can reach an approximate value for the right term insurance cover amount with a little exercise :

1. Sit down and calculate your personal and family expenses along with your future plans and insurance needs.

		EXAMPLE
A	Age	35
B	Numbers of dependents	3
C	Annual income	₹ 12 lakh
D	Household expenses(annual)	₹ 6 lakh
E	Less:Expenses on insured person*	₹ 1.2 lakh
F	Number of years family will need funds(60-A)	25
G	CORPUS NEEDED TO COVER REGULAR LIVING EXPENSES (D-E) x F	₹ 1.2 crore
ADD OUTSTANDING LOANS TO THIS FIGURE
H	Home loan	₹ 50 lakh
I	Car loan	₹ 7 lakh
J	CORPUS NEEDED TO PAY OFF LOANS (H+I)	₹ 57 lakh
ADD THE AMOUNT YOU NEED FOR FIGURE BIG-TICKET EXPENSES
K	Children's education	₹ 20 lakh
L	Children's marriage	₹ 15 lakh
M	Retirement/Contingency needs of spouse over time	₹ 7 lakh
N	CORPUS NEEDED TO MEET LONG-TERM GOALS (K+L+M)	₹ 45 lakh
REDUCE THE TOTAL FIGURE BY THE EXISTING INSURANCE COVER AND ASSESTS
O	Existing assest**	₹ 23 lakh
P	Existing life cover	₹ 2 lakh
Q	Total	₹ 25 lakh
INSURANCE COVER NEEDED (G+J+N)-Q		₹ 1.97 crore

2. Calculate your dependent family's monthly expenses and multiply it by 150 (to factor in inflation).
3. Add your personal financial liabilities like home or car loans, credit card debt etc.
4. Subtract your liquid assets like FDs, Mutual Funds, Bonds etc.
5. Add expenses planned for future milestones, up to 15 years, like your child's education and marriage.
6. Add the retirement amount you would like to leave behind for your spouse.

Total Insurance Cover That You Would Need
Monthly Expenses× 150 times
Expenses/ Investments	Examples
Liabilities (+)	Home Loan, Personal loan, Credit Card
Liquid Assets (-)	Fixed Deposits, Stocks and Mutual
Future Expenses (+)	Children’s education, Children’s Marriage
Retirement Corpus for Spouse (+)	Retirement Corpus

There are various human life value calculators available online to help determine the right cover amount for you. Although these are rudimentary calculations without an exact science, this exercise can help you visualize the big picture of your financial aspirations.

Is the gender of the insured important?

Gender is the second most important aspect that decides the price of the term policy based on risks. Therefore, it is used as a risk-rating factor along with the other factors taken into consideration.

How much should be the Term Insurance policy period?

Term insurance policy period must be decided by considering and assessing your individual and familial situation and requirements, including your age and health, family members’ age and health conditions, liabilities, assets, future goals, etc.

Insurance Jargon Explained

Term Insurance

A basic insurance plan which provides a lump sum amount to the family of the person who is insured in case of his/her unfortunate death.

Term Insurance Rider

An endorsement or attachment to a life insurance policy that provides additional term coverage for only a specified, limited period. If the insured dies during this time, the designated beneficiary can receive death benefit proceeds.

Premium

The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).

Death Benefit

The payment made to a beneficiary upon the death of the insured person.

-- Whenever an unfortunate event happens, there is both emotional as well as financial loss. An insurance company helps you replace the financial/monetary loss through the Death Benefit, which helps maintain your family’s financial stability. This benefit includes both a guaranteed sum of money called as Sum Assured on Death and also the Accrued Bonuses, if applicable.

View all Jargon

^*For 18 Year Old, Non-Smoker Male, Regular Pay Option, Policy Term Upto Age 75, Without Return of Premium, on online purchase of policy.

Bharti Life
Flexi Term Pro

Why Choose Bharti Life Flexi Term Pro

Key Benefits

How Does the Plan Work?

Plan at a Glance