In this policy, the investment risk in investment portfolio is borne by the policyholder.
A unit-linked, online investment plan that offers you both good returns and an added life cover. To get the most of this tax-saving investment, all you have to do is choose between a single premium or a premium payment term of 5 years while you reap the benefits for 10.Buy Now
35-year-old Aditya purchases our Bharti AXA eFuture Invest and would like to invest in the Grow Money Plus Fund. He chooses a 10-year policy term for a Sum Assured of ₹ 5,00,000. He pays an annual premium of ₹ 50,000 for 5 years.
He starts paying ₹ 50,000* annually
He finishes paying annual premiums
At an assumed 4% rate of return, he receives ₹ 2,63,400 (Fund Value) on maturity
At an assumed 8% rate of return, he receives ₹ 3,63,554 (Fund Value) on maturity
Disclaimer: # 4% and 8% rates are used only for illustration purposes and are not guaranteed. The values represented with 4% & 8% are not the upper or lower limits of what one can expect from this policy, as it is dependent on number of factors including investment performance
In case of death, his family will receive higher of Sum Assured or Fund Value
|Minimum age at entry||18 years (age last birthday)|
|Maximum age at entry||60 years (age last birthday)|
|Maximum age at Maturity||70 years (age last birthday)|
|Premium modes||Yearly, Half-yearly, Quarterly* and Monthly*.|
Premium Payment Term: 5 years
Annual – ₹ 18,000
Semi Annual – ₹ 9,000
Quarterly – ₹ 4,500
Monthly – ₹ 1,500
Premium payment term: Single Pay ₹ 25000
₹ 1,00,00,000 for 5 pay
₹ 8,00,00,000 for Single pay
|Policy benefit period||10 years|
|Premium payment term||Single Pay and 5 years|
* Payment only through ECS
Buy the plan at a convenience of a click. Moreover, as this is an online plan, there are no commissions payable and hence the policy charges such as Mortality charges, Policy administration charges, Fund management charges are lower.
With this plan, you are not charged any premium allocation charge. *In this policy there are no allocation charges, however, other charges such as mortality, fund management, etc. are applicable.
The Policy Term under this product is of 10 years.
You have an option to choose from two premium payment terms:
In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in force. The death benefit will be the higher of
Sum Assured will be calculated as per table below:
|Premium Payment Term: Single Pay|
|<Sum Assured||125% of Single Premium|
|Premium Payment Term: 5 Years|
|Sum Assured||Higher of 10 times Annualized Premium< Or (0.5* Policy Term* Annualized Premium)|
In case of the death of the Life Insured during the grace period allowed for payment of due premium, the Death Benefit less the outstanding charges shall be payable.
You have option to invest through multiple fund options available with us and can choose from an array of 6 funds.
Take advantage of staying invested in the funds for an extended period of 5 years after maturity.
You have the option to avail the Partial withdrawal facility from your policy fund value, after your policy has completed 5 Policy years provided all premium are paid to date.
For premiums paid as well as benefits received, as per the prevailing Tax laws.
$Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time.