Bharti Life
Simple Secure Term Plan

(UIN: 130N129V01)(ADVT No. xxxxxxxxxxxx)
An Individual, Non-Linked, Non-Participating, Pure Risk /Savings, Life Insurance Plan

#DualVariants#TaxBenefits#MultipleDiscounts

Why Bharti Life Secure Term Plan is right for you?

Bharti Life Secure Term Plan is a non-linked, non-participating individual savings life insurance product. The plan offers multiple options and features to help you to insure your life and ensure financial security for your loved ones as per your preferences and needs.

Dual Variants
As per your needs, the plan offers two variants – Lumpsum Sum Assured and Income Replacement. Lumpsum Sum Assured provides an absolute amount on death of Life Insured and Income Replacement variant offers Monthly Income on death of Life Insured along with an immediate lumpsum benefit. Both with and without return of Premium options are available under these variants.
Coverage for Spouse Cover /Single Life
Under Lumpsum Sum Assured variant you have the option to choose single life cover or Spouse Cover. Under Income replacement variant only Single Life cover can be opted for.
Flexibility in Policy and Premium Payment term
This product offers you the option to choose from multiple Policy term 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.
Additional Benefits
Other benefits like Smart Exit Option and Premium Break options ensure your unplanned financial needs are taken care of.
Instant Claim Payout
Instant claim payout of Rs 3 Lacs in case of death of Life Insured ensures immediate financial support in difficult times.
Multiple Discounts
The plan offers multiple discounts including discounts for salaried class, existing customers, self-employed, employees of Bharti Life Insurance, female lives etc making financial planning even more affordable.
Tax Benefits
You may be eligible for tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws. The tax benefits are subject to change as per change in tax laws from time to time.

Key Benefits

Range of Choices

Tax Benefits

Death Benefit

Maturity Benefit -Only for Return of Premium Option

How does the plan exactly work?

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

Case Study

Scenario 1 :

Mr. Singh 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. Singh decides to purchase Bharti Life Secure Term Plan–Single Life (with return of premium) for a policy term of To Age 85 years regular pay and opts for Lumpsum Sum Assured Option.

He wants a Sum Assured of Rs. 1,00,00,000 for which he pays a premium of Rs. 34,000 p.a. (without first year discount).

In case of death of Mr. Singh during the policy term, his family would receive death benefit of Rs. 1 Crore immediately on death. However, on survival till the end of Policy term he will receive the sum of all premiums paid i.e., 16,94,900.

Policy Year	Monthly Income Instalment
2 (10th Feb’27 – 10th Dec’27)	1,07,000
3 (10th Jan’28 – 10th Dec’28)	1,14,000
4 (10th Jan’29 – 10th Dec’29)	1,21,000
5 (10th Jan’30 to 10th Dec’30)	1,28,000
6 (10th Jan’31 to 10th Dec’31)	1,35,000
7 (10th Jan’32 to 10th Dec’32)	1,42,000
8 (10th Jan’33 to 10th Dec’33)	1,49,000
9 (10th Jan’34 to 10th Dec’34)	1,56,000
10 (10th Jan’35 to 10th Dec’35)	1,63,000

Policy Year	Monthly Income Instalment
11 (10th Jan’36 – 10th Dec’36)	1,70,000
12 (10th Jan’37 – 10th Dec’37)	1,77,000
13 (10th Jan’38 – 10th Dec’38)	1,84,000
14 (10th Jan’39 – 10th Dec’39)	1,91,000
15 (10th Jan’40 – 10th Dec’40)	1,98,000

Make your plan with ease

Pick a plan option

Select a plan option according to your needs.

Choose the plan variant that meets your requirements

Lumpsum Sum Assured or Income Replacement

Chose the plan sub category

With Return of Premium (Single Life) or without Return of premium (Single Life / Spouse cover)

For Lumsum Sum Assured variant

Choose the amount of Sum Assured. For Income Replacement variant choose the Monthly Income that you will like your family to receive, in case of death of Life Insured.

Decide Premium payment period and coverage period based on your needs

Choose the plan variant that meets your requirements

Lumpsum Sum Assured or Income Replacement

Chose the plan sub category

With Return of Premium (Single Life) or without Return of premium (Single Life / Spouse cover)

For Lumsum Sum Assured variant

Choose the amount of Sum Assured. For Income Replacement variant choose the Monthly Income that you will like your family to receive, in case of death of Life Insured.

Decide Premium payment period and coverage period based on your needs

Now, add a rider

For added protection, the following riders can be availed by paying additional premium along with Bharti Life Secure Term Plan.

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.

Bharti AXA Life Non-Linked Complete Shield Rider (UIN 130B011V02):

Receive additional sum assured chosen under the rider in case of happening of a covered event.

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

Sum Assured

Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).

Maturity Benefit

It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.

Coverage

The amount of protection provided to the Policyholder on the basis of premium amount and the terms of the policy.

Rider

A provision attached to a policy that adds benefits not available in the original policy or that changes the original policy.

---Riders help the Policyholder in enhancing the insurance product to meet specific needs by adding protection benefits to the basic Insurance Plan at a lower additional cost. For example, Bharti Life Hospi cash rider provides fixed per day cash benefit to the Policyholder for each day of hospitalisation, thus providing benefits of a health plan along with base Life Insurance plan.

View all Jargon

Disclaimer :

Life Insurance Coverage is available under this policy

Bharti Life Insurance is the name of the Company and Bharti Life Secure Term 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.

This product brochure is indicative of the terms, conditions, warranties and exceptions contained in the insurance policy bond.

Riders are not mandatory and are available for an additional cost.

Bharti Life Hospi Cash Rider (130B007V05) 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.

Bharti Life Premium Waiver Rider (130B005V05) 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.

Bharti Life Non Linked Complete Shield Rider (130B011V02) 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.

Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time.

Bharti Life
Simple Secure Term Plan

Why Bharti Life Secure Term Plan is right for you?

Key Benefits

How does the plan exactly work?