A plan where your family receives income in the form of annual instalments for a period of 15 or 20 years in case of an unfortunate event of death. 100-120% of premiums paid are returned at the end of the policy term as a lump sum survival benefit.
Ask an AdvisorSujay, 35 years old decides to purchase Bharti AXA Life Income Protection plan, because he wants a plan that will ensure his wife and 3-year-old child remain financially protected in case something unfortunate were to happen to him. Since the plan also ensures that if he were to survive till the end of the policy term, he will receive all the premiums that he has paid over the entire term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form of the Death Benefit or Maturity Benefit.
For the Sum Assured selected, Sujay will need to pay Rs. 28,650 (exclusive of Service Tax) as annual premium. Benefits he will receive will be as following:
Benefits | Amount Payable |
---|---|
Death Benefit | ₹ 25,00,000 (paid as annual instalment of ₹ 1,91,250 for 20 years) |
Maturity Benefit | ₹ 6,87,600 (Option B) |
(If the customer were to opt for Maturity Benefit Option A instead of Maturity benefit Option A at inception, the amount received at maturity would be Rs. 573,000)
Parameter | Eligibility Criteria |
---|---|
Minimum age at entry |
18 years |
Maximum age at entry |
58 years for policy term of 12 years |
Maximum Age at Maturity entry |
70 years |
Premium Payment Term & Policy Term |
12 years, 15 years and 20 years |
Minimum Sum Assured (₹) |
Rs 5,00,000 |
Maximum Sum Assured (₹) |
No Limit, subject to underwriting |
Minimum Premium (₹) |
Policy Term of 12 years |
Premium Payment Modes |
Annual, semi-annual, quarterly* & monthly* |
*ECS only
1. Three Policy Term Options: You have the flexibility to choose your Policy Term from 3 options. i.e. 12 years, 15 years and 20 years. The premium payment term is the same as the policy term.
2. Maturity Benefit: You can receive up to 120% of the premiums* paid till end of the Policy Term, provided policy is in force (depending on the Maturity benefit Option chosen) as your Maturity benefit. There are two Maturity Benefit options available under this plan as given below:
Policy Term | 12 years | 15 years | 20 years |
---|---|---|---|
Maturity Benefit Option A | 100% | 100% | 100% |
Maturity Benefit Option B | 110% | 115% | 120% |
Once selected, the Maturity Benefit option cannot be changed during the course of the Policy Term.
*Premium excludes taxes & underwriting extra
3. Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the customer. The death benefit applicable will be highest of the following:
Step 1: Choose the preferred Policy Term
Choose the policy term depending on the years you want to remain protected and as per your financial goals. You have the option to choose between the policy terms of 12, 15 or 20 years
Step 2: Choose the Maturity Benefit Option
Choose between the Maturity Benefit options as given below.
Maturity Benefit Option A – 100% of the premium paid
Maturity Benefit Option B – 110%, 115% or 120% of the premium paid depending on the policy term chosen
Step 3: Choose the preferred Sum Assured
Choose the sum assured depending on the amount for which you wish to be covered. This can be determined basis your requirement of financial protection
Step 4: Choose the death benefit payout option
You have the option to choose the number of years over which you will want the death benefit to be paid to your family in equal annual installments. You can choose between:
Premium rates (per 1000 Sum Assured per annum) - Band 1 (₹ 5,00,000 - 24,99,999) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
For Male Lives | ||||||||||
Policy Term | 12 Years | Policy Term | 15 Years | Policy Term | 20 Years | |||||
Age\Return of Premium option | 100% | 110% | Age\Return of Premium option | 100% | 115% | Age\Return of Premium option | 100% | 120% | ||
18 | 9.98 | 14.96 | 18 | 7.13 | 11.06 | 18 | 5.46 | 7.65 | ||
19 | 10.07 | 15.1 | 19 | 7.21 | 11.18 | 19 | 5.55 | 7.77 | ||
20 | 10.17 | 15.26 | 20 | 7.32 | 11.35 | 20 | 5.62 | 7.86 | ||
21 | 10.22 | 15.33 | 21 | 7.4 | 11.47 | 21 | 5.67 | 7.94 | ||
22 | 10.27 | 15.41 | 22 | 7.48 | 11.6 | 22 | 5.77 | 8.08 | ||
23 | 10.47 | 15.7 | 23 | 7.55 | 11.72 | 23 | 5.88 | 8.22 | ||
24 | 10.57 | 15.86 | 24 | 7.67 | 11.89 | 24 | 5.98 | 8.37 | ||
25 | 10.69 | 16.03 | 25 | 7.78 | 12.07 | 25 | 6.06 | 8.49 | ||
26 | 10.79 | 16.19 | 26 | 7.93 | 12.28 | 26 | 6.16 | 8.64 | ||
27 | 11.05 | 16.57 | 27 | 8.11 | 12.57 | 27 | 6.36 | 8.9 | ||
28 | 11.29 | 16.94 | 28 | 8.34 | 12.92 | 28 | 6.52 | 9.14 | ||
29 | 11.64 | 17.46 | 29 | 8.54 | 13.24 | 29 | 6.76 | 9.47 | ||
30 | 11.85 | 17.77 | 30 | 8.84 | 13.7 | 30 | 7.03 | 9.84 | ||
31 | 12.3 | 18.45 | 31 | 9.18 | 14.24 | 31 | 7.32 | 10.24 | ||
32 | 12.74 | 19.1 | 32 | 9.56 | 14.83 | 32 | 7.65 | 10.71 | ||
33 | 13.32 | 19.99 | 33 | 10.02 | 15.53 | 33 | 8.06 | 11.28 | ||
34 | 13.89 | 20.83 | 34 | 10.52 | 16.31 | 34 | 8.48 | 11.88 | ||
35 | 14.58 | 21.87 | 35 | 11.09 | 17.19 | 35 | 8.97 | 12.55 | ||
36 | 15.28 | 22.92 | 36 | 11.76 | 18.23 | 36 | 9.51 | 13.32 | ||
37 | 16.29 | 24.44 | 37 | 12.5 | 19.38 | 37 | 10.1 | 14.14 | ||
38 | 17.15 | 25.73 | 38 | 13.31 | 20.64 | 38 | 10.58 | 14.82 | ||
39 | 18.46 | 27.69 | 39 | 14.33 | 22.22 | 39 | 11.27 | 15.78 | ||
40 | 19.82 | 29.73 | 40 | 15.58 | 24.15 | 40 | 12.26 | 17.16 | ||
41 | 21.4 | 31.78 | 41 | 16.93 | 25.99 | 41 | 13.31 | 18.64 | ||
42 | 23.27 | 34.21 | 42 | 18.39 | 27.96 | 42 | 14.41 | 20.18 | ||
43 | 25.13 | 36.56 | 43 | 19.5 | 29.35 | 43 | 15.6 | 21.84 | ||
44 | 26.99 | 38.87 | 44 | 21.08 | 31.41 | 44 | 16.91 | 23.67 | ||
45 | 29.25 | 41.68 | 45 | 22.77 | 33.58 | 45 | 18.3 | 25.62 | ||
46 | 30.74 | 43.35 | 46 | 24.5 | 35.79 | 46 | 19.76 | 27.67 | ||
47 | 32.89 | 45.89 | 47 | 26.38 | 38 | 47 | 21.32 | 29.84 | ||
48 | 35.29 | 48.7 | 48 | 28.29 | 40.21 | 48 | 22.96 | 32.15 | ||
49 | 37.57 | 51.11 | 49 | 30.28 | 42.42 | 49 | 24.66 | 34.53 | ||
50 | 40 | 53.52 | 50 | 32.33 | 44.63 | 50 | 26.42 | 36.99 | ||
51 | 42.64 | 55.93 | 51 | 34.41 | 46.84 | 51 | ||||
52 | 45.23 | 58.34 | 52 | 36.55 | 49.05 | 52 | ||||
53 | 47.77 | 60.75 | 53 | 38.77 | 51.26 | 53 | ||||
54 | 50.58 | 63.16 | 54 | 40.98 | 53.47 | 54 | ||||
55 | 53.12 | 65.57 | 55 | 43.31 | 55.68 | 55 | ||||
56 | 55.88 | 67.98 | 56 | 56 | ||||||
57 | 58.39 | 70.39 | 57 | 57 | ||||||
58 | 60.97 | 72.8 | 58 | 58 |
Premium rates (per 1000 Sum Assured per annum) - Band 2 (₹ 25,00,000 - 49,99,999) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
For Male Lives | ||||||||||
Policy Term | 12 Years | Policy Term | 15 Years | Policy Term | 20 Years | |||||
Age\Return of Premium option | 100% | 110% | Age\Return of Premium option | 100% | 115% | Age\Return of Premium option | 100% | 120% | ||
18 | 9.41 | 14.12 | 18 | 6.44 | 9.99 | 18 | 4.99 | 6.99 | ||
19 | 9.49 | 14.24 | 19 | 6.51 | 10.1 | 19 | 5.06 | 7.09 | ||
20 | 9.59 | 14.39 | 20 | 6.61 | 10.24 | 20 | 5.13 | 7.19 | ||
21 | 9.64 | 14.46 | 21 | 6.68 | 10.36 | 21 | 5.18 | 7.25 | ||
22 | 9.69 | 14.53 | 22 | 6.76 | 10.48 | 22 | 5.27 | 7.38 | ||
23 | 9.87 | 14.81 | 23 | 6.82 | 10.58 | 23 | 5.37 | 7.52 | ||
24 | 9.98 | 14.96 | 24 | 6.93 | 10.74 | 24 | 5.46 | 7.65 | ||
25 | 10.08 | 15.12 | 25 | 7.03 | 10.9 | 25 | 5.54 | 7.75 | ||
26 | 10.17 | 15.26 | 26 | 7.16 | 11.11 | 26 | 5.63 | 7.88 | ||
27 | 10.42 | 15.63 | 27 | 7.33 | 11.37 | 27 | 5.81 | 8.14 | ||
28 | 10.64 | 15.97 | 28 | 7.53 | 11.69 | 28 | 5.96 | 8.35 | ||
29 | 10.98 | 16.47 | 29 | 7.72 | 11.96 | 29 | 6.17 | 8.65 | ||
30 | 11.17 | 16.75 | 30 | 7.99 | 12.39 | 30 | 6.42 | 9 | ||
31 | 11.6 | 17.4 | 31 | 8.3 | 12.86 | 31 | 6.68 | 9.36 | ||
32 | 12 | 18.01 | 32 | 8.64 | 13.38 | 32 | 6.99 | 9.79 | ||
33 | 12.56 | 18.84 | 33 | 9.05 | 14.02 | 33 | 7.36 | 10.3 | ||
34 | 13.1 | 19.65 | 34 | 9.5 | 14.73 | 34 | 7.74 | 10.84 | ||
35 | 13.75 | 20.62 | 35 | 10.02 | 15.53 | 35 | 8.18 | 11.46 | ||
36 | 14.4 | 21.6 | 36 | 10.61 | 16.45 | 36 | 8.69 | 12.17 | ||
37 | 15.36 | 23.05 | 37 | 11.28 | 17.49 | 37 | 9.22 | 12.91 | ||
38 | 16.18 | 24.26 | 38 | 12.03 | 18.64 | 38 | 9.67 | 13.54 | ||
39 | 17.4 | 26.11 | 39 | 12.94 | 20.06 | 39 | 10.29 | 14.41 | ||
40 | 18.69 | 28.03 | 40 | 14.06 | 21.8 | 40 | 11.19 | 15.67 | ||
41 | 20.17 | 29.96 | 41 | 15.28 | 23.46 | 41 | 12.15 | 17.01 | ||
42 | 21.94 | 32.26 | 42 | 16.6 | 25.23 | 42 | 13.16 | 18.42 | ||
43 | 23.68 | 34.47 | 43 | 17.61 | 26.51 | 43 | 14.24 | 19.94 | ||
44 | 25.45 | 36.64 | 44 | 19.03 | 28.36 | 44 | 15.43 | 21.61 | ||
45 | 27.57 | 39.29 | 45 | 20.55 | 30.32 | 45 | 16.7 | 23.39 | ||
46 | 28.98 | 40.87 | 46 | 22.12 | 32.31 | 46 | 18.04 | 25.26 | ||
47 | 31.01 | 43.25 | 47 | 23.82 | 34.3 | 47 | 19.45 | 27.24 | ||
48 | 33.27 | 45.92 | 48 | 25.54 | 36.29 | 48 | 20.96 | 29.34 | ||
49 | 35.42 | 48.19 | 49 | 27.33 | 38.28 | 49 | 22.51 | 31.51 | ||
50 | 37.7 | 50.46 | 50 | 29.18 | 40.27 | 50 | 24.12 | 33.77 | ||
51 | 40.2 | 52.73 | 51 | 31.06 | 42.26 | 51 | ||||
52 | 42.64 | 55 | 52 | 33 | 44.25 | 52 | ||||
53 | 45.03 | 57.27 | 53 | 35 | 46.24 | 53 | ||||
54 | 47.67 | 59.54 | 54 | 36.99 | 48.23 | 54 | ||||
55 | 50.07 | 61.81 | 55 | 39.09 | 50.22 | 55 | ||||
56 | 52.68 | 64.08 | 56 | 56 | ||||||
57 | 55.04 | 66.35 | 57 | 57 | ||||||
58 | 57.47 | 68.62 | 58 | 58 |
Premium rates (per 1000 Sum Assured per annum) - Band 3 (₹ 50,00,000 and above) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
For Male Lives | ||||||||||
Policy Term | 12 Years | Policy Term | 15 Years | Policy Term | 20 Years | |||||
Age\Return of Premium option | 100% | 110% | Age\Return of Premium option | 100% | 115% | Age\Return of Premium option | 100% | 120% | ||
18 | 8.76 | 13.14 | 18 | 5.8 | 9 | 18 | 4.25 | 5.95 | ||
19 | 8.83 | 13.25 | 19 | 5.87 | 9.09 | 19 | 4.31 | 6.04 | ||
20 | 8.92 | 13.38 | 20 | 5.95 | 9.22 | 20 | 4.37 | 6.12 | ||
21 | 8.97 | 13.45 | 21 | 6.02 | 9.34 | 21 | 4.4 | 6.16 | ||
22 | 9.02 | 13.53 | 22 | 6.09 | 9.45 | 22 | 4.49 | 6.28 | ||
23 | 9.18 | 13.78 | 23 | 6.14 | 9.52 | 23 | 4.57 | 6.4 | ||
24 | 9.29 | 13.93 | 24 | 6.24 | 9.67 | 24 | 4.65 | 6.51 | ||
25 | 9.38 | 14.06 | 25 | 6.33 | 9.81 | 25 | 4.71 | 6.6 | ||
26 | 9.46 | 14.19 | 26 | 6.45 | 10.01 | 26 | 4.79 | 6.71 | ||
27 | 9.7 | 14.55 | 27 | 6.6 | 10.22 | 27 | 4.95 | 6.93 | ||
28 | 9.9 | 14.86 | 28 | 6.78 | 10.51 | 28 | 5.07 | 7.1 | ||
29 | 10.22 | 15.33 | 29 | 6.96 | 10.79 | 29 | 5.26 | 7.36 | ||
30 | 10.4 | 15.6 | 30 | 7.19 | 11.15 | 30 | 5.46 | 7.65 | ||
31 | 10.8 | 16.2 | 31 | 7.47 | 11.58 | 31 | 5.68 | 7.96 | ||
32 | 11.17 | 16.75 | 32 | 7.78 | 12.07 | 32 | 5.95 | 8.33 | ||
33 | 11.69 | 17.53 | 33 | 8.15 | 12.64 | 33 | 6.26 | 8.76 | ||
34 | 12.19 | 18.29 | 34 | 8.55 | 13.26 | 34 | 6.59 | 9.22 | ||
35 | 12.79 | 19.18 | 35 | 9.02 | 13.98 | 35 | 6.96 | 9.74 | ||
36 | 13.41 | 20.11 | 36 | 9.55 | 14.81 | 36 | 7.39 | 10.35 | ||
37 | 14.29 | 21.44 | 37 | 10.16 | 15.75 | 37 | 7.84 | 10.98 | ||
38 | 15.05 | 22.58 | 38 | 10.83 | 16.79 | 38 | 8.22 | 11.52 | ||
39 | 16.19 | 24.28 | 39 | 11.65 | 18.07 | 39 | 8.76 | 12.26 | ||
40 | 17.39 | 26.08 | 40 | 12.66 | 19.63 | 40 | 9.52 | 13.33 | ||
41 | 18.76 | 27.87 | 41 | 13.76 | 21.12 | 41 | 10.34 | 14.48 | ||
42 | 20.41 | 30.01 | 42 | 14.94 | 22.71 | 42 | 11.19 | 15.67 | ||
43 | 22.04 | 32.07 | 43 | 15.86 | 23.87 | 43 | 12.11 | 16.95 | ||
44 | 23.67 | 34.1 | 44 | 17.13 | 25.53 | 44 | 13.13 | 18.38 | ||
45 | 25.64 | 36.54 | 45 | 18.5 | 27.3 | 45 | 14.2 | 19.88 | ||
46 | 26.96 | 38.01 | 46 | 19.91 | 29.09 | 46 | 15.34 | 21.48 | ||
47 | 28.84 | 40.24 | 47 | 21.44 | 30.88 | 47 | 16.54 | 23.15 | ||
48 | 30.95 | 42.71 | 48 | 22.99 | 32.67 | 48 | 17.81 | 24.94 | ||
49 | 32.94 | 44.82 | 49 | 24.6 | 34.46 | 49 | 19.14 | 26.81 | ||
50 | 35.07 | 46.93 | 50 | 26.27 | 36.25 | 50 | 20.5 | 28.7 | ||
51 | 37.38 | 49.04 | 51 | 27.96 | 38.04 | 51 | ||||
52 | 39.66 | 51.15 | 52 | 29.7 | 39.83 | 52 | ||||
53 | 41.88 | 53.26 | 53 | 31.51 | 41.62 | 53 | ||||
54 | 44.35 | 55.37 | 54 | 33.29 | 43.41 | 54 | ||||
55 | 46.57 | 57.48 | 55 | 35.19 | 45.2 | 55 | ||||
56 | 49 | 59.59 | 56 | 56 | ||||||
57 | 51.19 | 61.7 | 57 | 57 | ||||||
58 | 53.45 | 63.81 | 58 | 58 |