Merit Plus:

For a person seeking to save and secure investments for the future, like at the time of retirement, or for children’s higher education, marriage, and children’s other needs in the future, Merit Plus is the best option.

It is a long term saving plan for you and your family.  In the event of death of the policy holder the family will be prevented from going into financial loss by this plan.

The main features include
Bharti AXA Life Insurance Merit Plus provides comprehensive protection to you and your family.  At the time of maturity, you are eligible to receive a sum assured that is 15 times higher than the annual premium. 

Another advantage is that you have a choice of option of life insurance benefit.  One can choose the higher of sum assured or fund value or sum assured plus fund value.  

The main benefits are
Two death benefit options prevail. According to Death Benefit Option A, your family is eligible to receive the sum assured or the policy fund value, whichever is higher, on the date of intimation of death. 

According to Death Benefit Option B, the sum of the sum assured and the policy fund value will be paid to the family.  

On maturity your policy funds value as on that date is paid to you.  If one wants to extend the maturity period, one can choose between the following two options at maturity. 

They are that either you can take entire maturity proceeds as lump sum payment on maturity, or you can take the maturity proceeds at regular intervals in installments over 5 years after the maturity date.

Bharti AXA Life Merit Plus returns all the Premium allocation charges paid by you.  You can also earn an interest on the Premium allocation charges. It offers special additions over the long term by crediting additional units to your investment fund at regular intervals.

When there are so many benefits to be availed by taking the Bharti AXA Life Merit Plus, no wonder it is one of the leading policy plans in the market.