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Bharti AXA Life Flexi Save

(UIN - 130N055V03)
(ADVT II-Dec-2019-2008)

A savings plan that helps you save towards meeting your goals, at the same time it gives you the flexibility of withdrawing your savings with all the benefits accrued, anytime during the Flexi benefit period.

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4 Reasons to Buy
  • Flexibility of withdrawing your savings anytime during the Flexi benefit period by modifying your Policy Term while the Policy is in force. Anytime during the Flexi benefit period, you can decide to pre-pone the Maturity benefit of your policy and enjoy the full benefits due in the Policy (i.e.100% of Sum Assured plus accrued bonus till date plus terminal bonus (if any).
  • Potential upside through bonuses. A non-guaranteed simple annual reversionary bonus gets accrued to the policy from the end of 1st Policy year and will get paid out on Maturity or on death. A terminal bonus may also be declared, which will be paid out in case of death or Maturity, whichever is earlier.
  • Flexibility of choosing between 3 Premium payment Terms as per your financial convenience. Pay 5 Premiums with a Policy Term of 20 years; pay 7 Premiums with a Policy Term of 25 years and pay 12 Premiums with a Policy Term of 30 years.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received. The Tax benefits fall under Section 80C and Section 10 (10D) respectively, of the Income Tax Act, 1961. They are subject to change as per change in tax laws from time to time.

Plan Details

How it works?

Let’s take a look at this case study

35 year old Siddharth chooses our Bharti AXA Life Flexi Save with a policy term of 20 years as he wishes to receive guaranteed benefits along with the flexibility of withdrawing money any time during the flexi benefit pay-out period. He pays an annual premium of ₹ 30,000 for 5 years for a Sum Assured of ₹ 1,69,943.

  • Starts paying an annual premium of ₹ 30,000*

    1ST POLICY YEAR

  • Flexi Benefit period from 10th to 20th Policy year. At any time, he can decide to pre-pone the maturity benefit and avail the full benefits due i.e. 100% Sum Assured plus accrued bonus till date plus terminal bonus, if any.

    10TH POLICY YEAR

  • If Siddharth survives, he receives  ₹ 3,02,243 at maturity (Sum Assured  ₹ 1,69,943 along with accrued bonuses + terminal bonus at maturity @8% of ₹ 1,32,300)

    20TH POLICY YEAR

Accrued bonuses + terminal bonus at maturity @4%: ₹ 66,150

*Premium is exclusive of service tax and cess

# 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

Sad Demise

In case of his untimely death, his family will receive the Sum Assured or 105% of Premiums paid or 11 times Annual Base premium + accrued reversionary bonus and terminal bonus, if any.

Parameter/ PPT

5 Pay

7 Pay

12 Pay

Policy term

20 years

25 years

30 years

Min age at entry

8 years

3 years

0 years

Max age at entry

65 years

60 years

55 years

Max age at Maturity

85 years

85 years

85 years

Flexi Benefit Period

Any time between 10 to 20 years

Any time between 15 to 25 years

Any time between 20 to 30 years

 

A plan that offers you the choice to withdraw your savings when you want to and helps you achieve your goals at all life stages.


Flexi Benefit Period:

Anytime during the Flexi benefit period, you can decide to with draw your savings and avail the full benefits due in the policy

Premium Paying Term

5 pay

7 pay

12 pay

Flexi Benefit Period

Any time between the end of 10 to 20 years

Any time between the end of 15 to 25 years

Any time between the end of 20 to 30 years
Bonus

Non-Guaranteed Simple reversionary bonus, starting from the first policy year, paid out along with Maturity benefit or Death benefit (whichever is earlier) along with terminal bonus (if any).

Basic Life Insurance benefit:

In case of an unfortunate event of death of the life insured, Nominee to receive

  • Higher of Base Sum Assured or
  • 105% of premiums paid or a multiple of the Annual Base Premium,
  • Plus non guaranteed accrued bonus plus terminal bonus (if any),
Maturity Benefit

On maturity of the policy, you receive

  • 100% of your Sum Assured
  • Non-guaranteed accrued bonus and terminal bonus (if any).
Tax Benefit

You can avail the tax benefits on the premiums paid under the Income Tax Act, 1961.

Here Are the age wise Premium Rates

Age/Premium Payment Term 
(in years)

5 years

7 years

12 years

0

    

62.33

1

    

62.33

2

    

62.33

3

  

113.73

62.33

4

  

113.73

62.33

5

  

113.73

62.33

6

  

113.73

62.33

7

  

113.73

62.33

8

170

113.73

62.33

9

170.24

113.73

62.33

10

170.48

114.19

62.68

11

170.73

114.69

63.01

12

170.97

115.18

63.34

13

171.21

115.68

63.67

14

171.45

116.17

64.01

15

171.69

116.67

64.34

16

171.94

117.17

64.67

17

172.18

117.67

65.01

18

172.42

118.17

65.35

19

172.66

118.67

65.68

20

172.9

119.17

66.02

21

173.15

119.66

66.35

22

173.39

120.15

66.68

23

173.63

120.63

67

24

173.87

121.1

67.32

25

174.11

121.56

67.63

26

174.35

122.01

67.94

27

174.6

122.46

68.24

28

174.84

122.89

68.54

29

175.08

123.32

68.83

30

175.32

123.74

69.11

31

175.56

124.15

69.39

32

175.81

124.55

69.66

33

176.05

124.94

69.93

34

176.29

125.33

70.19

35

176.53

125.7

70.45

36

176.77

126.08

70.7

37

177.02

126.47

70.97

38

177.26

126.88

71.24

39

177.5

127.3

71.53

40

177.74

127.74

71.84

41

177.98

128.2

72.15

42

178.23

128.67

72.47

43

178.47

129.17

72.81

44

178.71

129.68

73.16

45

178.95

130.2

73.52

46

179.19

130.74

73.88

47

179.44

131.28

74.25

48

179.68

131.82

74.63

49

179.92

132.38

75.01

50

180.16

132.93

75.39

51

180.4

133.5

75.78

52

180.65

134.07

76.17

53

180.89

134.65

76.57

54

181.13

136.25

76.97

55

181.37

138.48

77.38

56

181.61

141.08

  

57

181.85

144.36

  

58

182.1

147.12

  

59

182.34

149.25

  

60

182.58

152.67

  

61

182.82

    

62

183.06

    

63

183.31

    

64

183.55

    

65

183.79

    

These Premium Rates are per 1000 Sum Assured
You may enhance your protection under this Plan by opting for the following rider(s)
  • Bharti AXA Life Hospi Cash Rider (UIN:130B007V03): This rider allows payment of a fixed benefit for each day of hospitalisation. It also offers a fixed amount benefit if you are admitted in an Intensive Unit Care or a lump sum benefit in case of surgery.
  • Premium Waiver rider (UIN: 130B005V04): 100% of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.
  • Bharti AXA Life Accidental Death Benefit Rider (UIN:130B008V02): This is a non-linked and regular pay rider that provides 100% Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in-force.

    Please refer to the rider brochure for complete details on terms and conditions and exclusions before opting for the rider. Riders are optional and are available at an extra cost.