Spot Suraksha:

Everyone thinks that buying a life insurance policy is a long process, involving a lot of paper work and it seems to take forever to get insured.  The Bharti AXA Life Spot Suraksha, gets one insured on the spot, simple, hassle-free and quickly.

The features include
Getting an insurance cover is as simple as learning A-B-C.  The main feature of Spot Suraksha is that it has a simple sign-up process by which you are instantly insured. 

You are given full allocation of your premium to the investment fund of your choice from the second year onwards. 

You are eligible to get 130% of your first year’s premium as a guaranteed special addition on maturity. You are also allowed to withdraw part of the fund value after five years are over, suppose you need the money for any kind of reason.

The policy benefits offer
The life insurance benefit that is one of the main benefits offered by The Bharti AXA life Spot Suraksha.  During the first policy year, unforeseen death of the policy holder will fetch the nominee 50% of the sum assured as well as the market index factor annualized premium. 

Death after completion of two years of taking the policy fetches your nominee the sum assured under the policy or the policy fund value and the special guaranteed additions.

A guaranteed special addition which is equal to 130% of annualized premium in the first policy year is allowed.  This amount is added to the policy fund value and given to you at the time of maturity or given to your nominee at the time of your death, whichever is earlier.

On maturity of your premium you will receive the policy fund value as well as the special guaranteed special additions.

Even after maturity one will still want Bharti AXA life Spot Suraksha to look after one’s investment.  One can take entire maturity proceeds as lump sum payment on maturity or you can take the maturity proceeds at regular intervals in installments over five years.

The Bharti AXA life Spot Suraksha is a policy by which one gets insured with a variety of benefits with less hassles and less paper work. 

For those of you who cannot spend time in going through the long procedures of taking insurance, this is the best insurance policy.