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Bharti AXA Life Future Invest Plan

(UIN - 130L049V04)
(ADVT II-Dec-2019-2019)

In this policy, the investment risk in investment portfolio is borne by the policyholder.

An Investment Plan where you invest money for a limited time-frame and reap good returns at the end of the policy term. You can enjoy benefits for 10 years while paying Single Premium or paying for 5 years only.

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4 Reasons to Buy
  • A limited Premium payment plan with a longer term to remain invested. Pay Single premium or for first 5 years and accrue benefits for 10 years
  • Zero allocation charges (other charges as applicable). Since there is no Premium allocation charge, 100% of Premiums paid will be allocated to the funds chosen by you. Other charges levied as applicable.
  • Pay once or for 5 years while accruing benefits for 10 along with the flexibility of partial withdrawals. You can stay invested in the funds for an extended period of 5 years after Maturity, as you can choose from two Premium payment Terms - single pay and 5 years. You can also withdraw money from your Policy Fund Value any time after the completion of five Policy years.
  • Enjoy Tax benefits on the Premiums paid and benefits received. The Tax benefits fall under Section 80C and Section 10(10D) of the Income Tax Act, 1961. They are subject to change as per change in Tax laws from time to time.

Plan Details

Case 1

How it works?

Let’s take a look at this case study

35 year old Anurag chooses our Bharti AXA Life Future Invest and would like to invest in the Grow Money Fund. He chooses a policy term of 10 years with a premium payment term of 5 years for a Sum Assured of ₹ 5,00,000.

  • He starts paying ₹ 50,000 annually

    1ST POLICY YEAR

  • He finishes paying the annual premiums

    5TH POLICY YEAR

  • At an assumed 4% rate of return, he receives ₹ 2,55,640 on maturity

    At an assumed 8% rate of return, he receives ₹ 3,53,827 on maturity

    10TH POLICY YEAR

“# 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 death, his family receives a death benefit of ₹ 5,00,000



Plan Details

Case 2

How it works?

Let’s take a look at this case study

35 year old Rishab chooses our Bharti AXA Life Future Invest and would like to invest in the Grow Money Fund. He chooses a policy term of 10 years with a single premium payment for a Sum Assured of ₹ 3,75,000.

  • He pays ₹ 3,00,000 as single premium

    1ST POLICY YEAR

  • At an assumed 4% rate of return, he receives ₹ 3,35,417 on maturity

    At an assumed 8% rate of return, he receives ₹ 4,95,909 on maturity

    10TH POLICY YEAR
Sad Demise

In case of death, his family receives a death benefit of ₹  3,75,000

Who can buy?
Parameter Eligibility
Minimum age at entry 18 years
Maximum age at entry 59 years
Maximum age at Maturity 69 years
Policy Term 10 years
Premium Payment Term Single Pay and 5 Pay
Premium Modes Single/ Annual/ Semi Annual/ Quarterly/ Monthly
What you will get?
  • Flexibility of partial withdrawals.
  • Option to stay invested for 5 years post maturity.
  • Option of switching and premium redirection to have complete control on your investments.
  • You will receive tax benefits for premiums paid as well as benefits received under Section 80C and 10 (10D) as per prevailing tax laws under the Income Tax Act, 1961.
Why choose this plan?
  • You want to invest money for a limited time frame while also expecting good returns at the end of the policy term
Life Insurance benefit:
Death Benefit

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of:

  • Sum assured (net of partial withdrawals, made 12 months prior to death of the life insured)
  • 105% of all premiums paid (excluding underwriting extra)
  • Policy Fund Value as on the date of intimation of death
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.

Here are the age wise premium rates
Age Mortality charge (per '000 SAR) for Male Life
18 0.68
19 0.72
20 0.75
21 0.77
22 0.79
23 0.8
24 0.81
25 0.82
26 0.83
27 0.84
28 0.85
29 0.87
30 0.89
31 0.91
32 0.95
33 0.99
34 1.04
35 1.1
36 1.16
37 1.24
38 1.33
39 1.44
40 1.56
41 1.7
42 1.86
43 2.05
44 2.27
45 2.52
46 2.81
47 3.13
48 3.5
49 3.9
50 4.33
51 4.79
52 5.27
53 5.77
54 6.28
55 6.82
56 7.37
57 7.95
58 8.57
59 9.23
60 9.95
61 10.73
62 11.58
63 12.53
64 13.57
65 14.72
66 15.99
67 17.38
68 18.91
69 20.58
  • Three year setback for female life.
  • Rates mentioned here are exclusive of service tax.