Bharti Axa Bharti Axa

Bharti AXA Life Monthly Income Plan+

(UIN-130N057V02)
(ADVT II-JAN-2018-1568)

A savings plan that offers you guaranteed monthly income with the upside of non-guaranteed bonuses, along with protection for your family in case of an unfortunate event.

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4 Reasons to Buy
  • Benefits in the form of Monthly income after completion of Premium payment term. 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.
  • Potential of upside 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. You may also receive non-guaranteed terminal bonus either on death or Maturity.
  • 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.
  • Ideal for retirement planning or for receiving additional Monthly income. The tax-free additional income can help you live a comfortable life in your golden years.

Plan Details

How it works?

Let’s take a look at this case study

35 year old Rohit chooses our Bharti AXA Life Monthly Income Plan+ with a policy term of 15 years as he wishes to receive ₹ 3000 as a guaranteed Monthly income. He pays an annual premium for 7 years.

  • Starts paying an annual premium of ₹ 35,715

    1ST POLICY YEAR

  • Finishes paying an annual premium of ₹ 35,715

    7TH POLICY YEAR

  • He receives a monthly income of ₹ 3,000 for 8 years (In case of survival)

    8TH POLICY YEAR

  • He receives a vested non-guaranteed benefit of ₹ 80,784 at 8% #gross rate of return (on maturity) He receives a vested non-guaranteed benefit of ₹ 9,504 at 4% #gross rate of return (on maturity)

    15TH POLICY YEAR

*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 sad demise, his family receives a monthly income of ₹ 4,950 until 8 years.

Parameter Eligibility Criteria

Minimum age at entry

3 years for 15 years policy term
0 year for 20- and 30-years policy term

Maximum age at entry

65 years for 15 years policy term
60 years for 20 years policy term
50 years for 30 years policy term

Maximum Maturity Age

80 years

Minimum Monthly Income

₹ 2,000 for 15 years policy term

₹ 1,750 for 20 years policy term

₹ 750 for 30 years policy term

Minimum Sum Assured (which is minimum monthly income *the period for which the monthly income is payable)

₹ 1,92,000 for 15 years policy term

₹ 2,10,000 for 20 years policy term

₹ 1,35,000 for 30 years policy term

Minimum Premium

Depends on the minimum monthly income

Policy Term

15, 20 and 30 years

Premium Payment Term

7, 10 and 15 years for 15, 20 and 30 years Policy Term respectively

Premium Payment Modes

Annual, Semi annual, Quarterly* & Monthly*

*Through ECS only.



A limited premium payment traditional insurance plan ensuring a guaranteed monthly income that helps to fulfill your loved ones desires while protecting them in case of an unfortunate event.

Guaranteed Monthly Income which is Tax-Free# :

You start receiving Guaranteed Monthly Income after the completion of the Premium Payment Term, until Maturity, provided the policy is in force. This income is tax-free#.You have the flexibility to choose the Monthly Income you wish to receive, which decides your premium amount.

#Subject to the prevailing provisions of section 10(10D) of the Income-tax Act, 1961

Potential Upside through Bonuses:

Non-Guaranteed Simple Annual Reversionary Bonuses get accrued to the policy from the end of 1st policy year and get paid out on Maturity or on death. You may also receive non-guaranteed terminal bonus either on death or maturity.

Life Insurance Benefit:

In case of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee from the next policy month onwards and continues for the next 8, 10 or 15 years depending on the Policy Term option chosen at inception of the policy. This payout is made over and above the Monthly Income payouts made before the death of the Life Insured.

The accrued Non-Guaranteed Annual Reversionary bonuses and Non-Guaranteed Terminal bonus are paid out on death as a lump sum along with the first monthly income Instalment.


Policy Term Death Benefit Period (in months) Death Benefit

15 years

96

165% of Monthly Income for Ages <45

150% of Monthly Income for Ages >=45

20 years

120

140% of Monthly Income for all Ages

30 years

180

110% of Monthly Income all Ages

The accrued Non-Guaranteed Annual Reversionary bonuses and Non-Guaranteed Terminal bonus are paid out on death as a lump sum along with the first monthly income Instalment.

Premium Discount:
Policy Term Monthly Income Premium Rate Discount

20 and 30 years

For Monthly Income greater than or equal to ₹ 3,000

Discount of 2% on Premium
Tax benefits:

for Premiums paid and benefits received, are as per the prevailing tax laws which are subject to changes.

Here Are The Age Wise Premium Rates
Age Term 15 25 30

0

0

88.4

58.37

1

0

88.4

58.37

2

0

88.4

58.37

3

121.08

88.4

58.37

4

121.08

88.4

58.37

5

121.08

88.4

58.37

6

121.08

88.4

58.37

7

121.08

88.4

58.37

8

121.08

88.4

58.37

9

121.08

88.4

58.37

10

121.08

88.4

58.37

11

121.17

88.45

58.41

12

121.22

88.53

58.45

13

121.31

88.59

58.49

14

121.39

88.65

58.53

15

121.48

88.72

58.57

16

121.54

88.78

58.62

17

121.64

88.85

58.68

18

121.73

88.91

58.7

19

121.82

89

58.75

20

121.9

89.07

58.8

21

122.02

89.14

58.85

22

122.15

89.22

58.91

23

122.26

89.3

58.96

24

122.38

89.38

59.02

25

122.51

89.45

59.06

26

122.63

89.54

59.12

27

122.78

89.64

59.18

28

122.92

89.72

59.23

29

123.06

89.81

59.29

30

123.23

89.9

59.37

31

123.37

89.98

59.46

32

123.51

90.09

59.54

33

123.66

90.2

59.63

34

123.84

90.32

59.74

35

124.01

90.43

59.84

36

124.17

90.55

59.94

37

124.36

90.69

60.03

38

124.53

90.83

60.16

39

124.72

90.97

60.26

40

124.89

91.14

60.38

41

125.09

91.28

60.52

42

125.27

91.42

60.66

43

125.46

91.6

60.83

44

125.65

91.77

61.06

45

125.84

91.94

61.3

46

126.02

92.13

61.61

47

126.24

92.3

61.91

48

126.45

92.57

62.38

49

126.65

93.28

62.85

50

126.89

94

63.54

51

127.1

94.47

0

52

127.32

95.41

0

53

127.53

96.27

0

54

127.76

97.02

0

55

128.08

97.84

0

56

128.4

98.67

0

57

128.87

99.56

0

58

130.2

100.29

0

59

131.93

101.17

0

60

132.22

101.88

0

61

133.53

0

0

62

134.24

0

0

63

135.97

0

0

64

136.77

0

0

65

138.64

0

0
  • Rates are per thousand Sum Assured
  • Rates mentioned here are exclusive of service tax
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.