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Bharti AXA Life Monthly Advantage

(UIN 130N068V04)
(ADVT II-Dec-2019-2002)

A plan that gives you the flexibility to choose your Policy Term and Premium Payment Term from 3 options. It makes sure you receive a steady stream of monthly income without staying invested in the plan for a very long time.

*Life Insurance coverage is available under this product.

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4 Reasons to Buy
  • Receive Guaranteed* Monthly Income on survival/any untoward event like disability or death Start receiving guaranteed Monthly income after the completion of the Premium payment term, until Maturity, provided the policy is still in force. You have the flexibility to choose the Monthly income you wish to receive, which decides your Premium amount. * Monthly Income is guaranteed subject to policy being in force and all due premiums being paid.
  • Get additional financial returns by way of accrued bonuses, if declared Enjoy accrued non-guaranteed simple annual reversionary bonus and non-guaranteed terminal bonus, if declared by the company.
  • Enjoy Tax Benefits on the Premiums paid and benefits received. The tax benefits are subject to change as per change in Tax laws from time to time.
  • An ideal plan for receiving additional income To meet all your needs and goals at different milestones.

Plan Details

How it works?

Let’s take a look at this case study

35 year old Advait, works with an MNC, while his homemaker wife takes care of their 5 year old daughter. He wishes to secure his family's future by making a provision for monthly income, in case something unfortunate were to happen to him. So he chooses our Bharti AXA Life Monthly Advantage for 16 years with a Sum Assured of ₹ 2,50,000. He invests ₹ 37,405 for 8 years to receive a steady flow of monthly income.

  • Starts paying ₹ 37,405 (without Service Tax) for the next 8 years

    1ST POLICY YEAR

  • He finishes paying annual premiums

    8TH POLICY YEAR

  • In case of survival, he and his family will receive a monthly income of ₹  3,429 until maturity for the next 8 years

    9TH POLICY YEAR

  • At an assumed 8%* rate of return, he receives ₹  1,49,600(Accrued Non-guaranteed bonuses) on maturity 
    Or 
    At an assumed 4%* rate of return, ₹  19,800 (Accrued Non-guaranteed bonuses) on maturity

    16TH POLICY YEAR

Disclaimer: *4% and 8% rates are used only for illustration purposes and are not guaranteed. 
*The Gross rate of return shown above is the return earned on the participating fund of the company

Sad Demise

In case of Advait’s demise, his family will receive a monthly income of ₹ 5,260 for 8 years and accrued bonus.

Parameter Eligibility Criteria
Minimum age at entry 6 years for 12 years policy term
2 years for 16 years policy term 
91 days for 24 years policy term
(The risk coverage will start immediately on policy commencement for all lives including minors)

In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.
Maximum age at entry 65 years for 12 & 16 years policy term
60 years for 24 years policy term
Maximum Maturity Age 77 years for 12 years policy term
81 years for 16 years policy term 
84 years for 24 years policy term
Minimum Monthly Income Rs 928 for 12 years policy term
Rs 642 for 16 years policy term
Rs 370 for 24 years policy term
Minimum Sum Assured Rs. 50,000 for all policy terms
Minimum Premium Rs 10,600 for 12 year policy term
Rs 7,000 for 16 year policy term
Rs 3,700 for 24 year policy term
Policy Term 12, 16 and 24 years
Premium Payment Term 6, 8 and 12 years for 12, 16 and 24 years policy term respectively
Premium Payment Modes Annual, Semi Annual, Quarterly* & Monthly*

* Through ECS only

Benefits of the Plan:
1. Limited Pay Options:

You have the flexibility to choose your Policy term from 3 options. The corresponding Premium Payment Term for each policy term is as mentioned below

Policy Term Premium Payment Term

12 Years

6 Years

16 Years

8 Years

24 Years

12 Years
2. Maturity Benefit:

At Maturity, you receive Non-Guaranteed Annual Reversionary Bonus (if any) plus Non-Guaranteed Terminal Bonus (if any), subject to the policy being in force.

3. Potential Upside through Bonuses:

Non-Guaranteed Simple Annual Reversionary Bonuses (if any) get accrued to the policy from the end of 1st policy year and get paid out on Maturity, Death or Accidental Total Permanent Disability. You may also receive Non-Guaranteed terminal bonus (if any).

4. Insurance Benefit Payable:

In the event of death or Accidental Total Permanent Disability (whichever is earlier), provided the policy is in force & all premiums have been paid, the insurance benefit is paid out which is higher of the following

  • Sum Assured on Death plus Non-Guaranteed vested simple Reversionary Bonuses and Non-Guaranteed Terminal Bonus (if any)
  • 105% of all premiums paid as on the date of Death

The benefit will be paid in equal monthly instalments starting immediately from the next monthly anniversary following date of death or ATPD and will be payable for the number of months as mentioned in the table below.

Policy Term No. of months for which Death Benefit will be payable

12 years

72 months

16 years

96 months

24 years

144 months

The non-guaranteed vested simple Reversionary Bonus along with Terminal Bonus (if any), shall be payable as lump sum immediately on Death of Life Insured.

5. Survival Benefit:

Subject to the policy being in force, the Guaranteed Monthly Income on Survival (as displayed in the table below) will be payable monthly starting from the end of the next month after the completion of the Premium Payment Term and will be payable for 72 months for 12 year policy term, 96 months for 16 year policy term and 144 months for 24 year policy term.

Policy Term Premium Payment Term Guaranteed Monthly Income on Survival as % of (annual premium/12)

12 years

6 years

105%

16 years

8 years

110%

24 years

12 years

120%
Here Are The Age Wise Premium Rates

Premium rates (per ₹ 1000 Sum Assured per annum) - Band 1 (₹ 50000 - ₹ 500000)

For Male Lives
Policy Term 12 years 16 years 24 years
Age\Premium Payment Term 6 years 8 years 12 years

0

    

75.65

1

    

75.89

2

  

142.30

76.01

3

  

142.52

76.35

4

  

142.71

76.56

5

  

142.89

76.87

6

217.50

143.01

77.01

7

217.81

143.23

77.11

8

217.90

144.00

77.37

9

217.96

144.17

77.38

10

218.14

144.25

77.42

11

218.41

144.36

77.47

12

218.74

144.51

77.53

13

219.09

144.66

77.60

14

219.43

144.82

77.67

15

219.76

144.98

77.74

16

220.05

145.12

77.80

17

220.31

145.25

77.86

18

220.53

145.36

77.92

19

220.73

145.46

77.97

20

220.89

145.56

78.02

21

221.05

145.65

78.07

22

221.20

145.74

78.13

23

221.36

145.84

78.19

24

221.53

145.95

78.26

25

221.74

146.08

78.34

26

221.98

146.23

78.43

27

222.28

146.41

78.53

28

222.63

146.62

78.66

29

223.06

146.87

78.80

30

223.57

147.17

78.96

31

224.17

147.52

79.13

32

224.89

147.94

79.34

33

225.75

148.42

79.56

34

226.76

148.98

79.81

35

227.94

149.62

80.11

36

229.31

150.34

80.47

37

230.91

151.17

80.87

38

232.75

152.09

81.32

39

234.88

153.13

81.82

40

237.31

154.42

82.39

41

240.09

155.89

83.02

42

243.24

157.53

83.74

43

246.81

159.36

84.55

44

250.84

161.42

85.48

45

255.37

163.73

86.52

46

260.47

166.32

87.67

47

266.17

169.21

88.95

48

272.75

172.44

90.36

49

280.43

176.03

91.91

50

289.08

180.03

93.61

51

298.82

184.76

95.47

52

309.89

190.07

97.51

53

322.57

196.05

99.81

54

339.18

202.86

102.39

55

359.77

210.66

105.25

56

384.92

220.42

108.46

57

416.39

232.07

112.12

58

456.98

246.13

116.46

59

511.31

263.44

121.48

60

587.64

285.23

127.36

61

621.64

313.42

  

62

671.64

351.15

  

63

700.02

403.99

  

64

749.45

482.83

  

65

780.23

612.32

  



Premium rates (per 1000 Sum Assured per annum) -Band 2 (₹ 500001 & above)

For Male Lives
Policy Term 12 years 16 years 24 years
Age\Premium Payment Term 6 years 8 years 12 years

0

    

68.45

1

    

68.55

2

  

131.56

68.72

3

  

131.98

68.85

4

  

132.04

68.98

5

  

132.23

69.11

6

202.94

132.59

69.35

7

203.00

132.86

69.51

8

203.09

133.02

69.72

9

203.14

133.35

69.89

10

203.31

133.42

69.92

11

203.56

133.53

69.97

12

203.86

133.66

70.02

13

204.19

133.81

70.09

14

204.51

133.96

70.15

15

204.81

134.10

70.21

16

205.09

134.23

70.27

17

205.33

134.35

70.33

18

205.54

134.45

70.38

19

205.72

134.55

70.43

20

205.87

134.64

70.47

21

206.02

134.72

70.52

22

206.16

134.81

70.57

23

206.30

134.90

70.63

24

206.47

135.00

70.69

25

206.66

135.12

70.77

26

206.89

135.26

70.85

27

207.16

135.42

70.95

28

207.49

135.62

71.06

29

207.89

135.86

71.20

30

208.37

136.13

71.34

31

208.93

136.46

71.51

32

209.60

136.85

71.70

33

210.38

137.30

71.91

34

211.30

137.81

72.15

35

212.38

138.41

72.41

36

213.63

139.08

72.70

37

215.09

139.84

73.02

38

216.77

140.70

73.38

39

218.70

141.66

73.78

40

220.92

142.74

74.24

41

223.44

143.94

74.74

42

226.34

145.29

75.31

43

229.66

146.79

75.95

44

233.41

148.47

76.66

45

237.63

150.34

77.45

46

242.37

152.44

78.32

47

247.68

154.99

79.29

48

253.62

157.95

80.41

49

260.25

161.25

81.77

50

267.68

164.92

83.27

51

276.51

169.00

84.92

52

286.75

173.58

86.77

53

298.47

178.71

88.81

54

312.06

184.83

91.06

55

328.38

191.96

93.57

56

351.33

200.25

96.38

57

380.05

210.02

99.62

58

417.10

222.65

103.40

59

466.68

238.34

107.76

60

536.35

258.09

112.90

61

559.48

283.64

  

62

604.48

317.83

  

63

630.02

365.72

  

64

674.51

437.18

  

65

702.21

554.54

  
  • Rates are per thousand Sum Assured.
  • The above mentioned rates are for Male life. Three years set back for female lives.
  • Rates mentioned here are exclusive of tax.
You may enhance your protection under this Plan by opting for the following rider(s)
  • Bharti AXA Life Hospi Cash Rider (UIN:130B007V04):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.
  • 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.
  • Bharti AXA Life Term Rider (UIN: 130B009V02):  Under this rider the policyholder can increase the life insurance coverage for a nominal premium.

    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.