AXA DIRECT Term Lite Review
The complete Pros and Cons on AXA DIRECT Term Lite
AXA DIRECT Term Lite product details
- Non-participating policy – Term policy
- Issuance age from 18 to 65 years old (for 5 years renewable or 20 years non-renewable) or 18 to 60 years old (for plans up to age 65)
- Death coverage from $50,000 to $400,000
- Choose to be protected for 5 years or 20 years, or up to age 65
- Guaranteed renewal every 5 years
- Covers death and terminal illness
- Covers total permanent disability till age 65
Read About: Term Policy: How does it work?
Read About: 3 things to consider before taking up a new financial product
Features of AXA DIRECT Term Lite at a glance
Cash and Cash Withdrawal Benefits
Cash value: No
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
Critical Illness Protection
Additional Features and Benefits
Yes.
For further information and details, refer to AXA website. Alternatively, fill up the form below and let us advise accordingly.
Read Also: No budget for financial planning?
AXA DIRECT Term Lite may be suitable if you are looking for
AXA DIRECT Term Lite may potentially be a good fit if the following matters to you:
- High Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lower initial premium compared to other types of insurance policies
- Looking to boost insurance coverage or fill shortfall in insurance portfolio
AXA DIRECT Term Lite may not suitable if you are looking for
AXA DIRECT Term Lite may potentially be a bad fit if the following matters to you:
- Long-term cash accumulation
- Regular cash payout
- A one-time premium commitment with no further cash commitment
- Insurance policy with a surrender value.
Further considerations on AXA DIRECT Term Lite
- How is AXA or AXA DIRECT Term Lite payout and claims based on past track record?
- How does AXA DIRECT Term Lite compare with Term policy from other insurance companies?
- Can AXA DIRECT Term Lite fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on AXA DIRECT Term Lite. Talk to us or seek advice from a financial adviser before making any decision about AXA DIRECT Term Lite.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is AXA DIRECT Term Lite suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.
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