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Bharti AXA Life Premier Protect Plan

(UIN: 130N096V03)
(ADVT II-Aug-2020-2330)

A plan that not only offers financial protection to your family in your absence but also offers the option of increasing protection at important milestones.

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4 Reasons to Buy
  • Flexibility in Policy Term/Premium Payment Terms: The plan offers the choice of multiple policy terms ranging from 10 years to 35 years and To Age 75 years with multiple premium payment terms (Single, Limited and Regular Pay Options)
  • Multiple Death Benefit Payout Option: Flexibility to choose from 3 Death Benefit Payout options : a) Lumpsum – where 100% of Death Benefit is paid immediately b) Monthly Income – where Death Benefit is paid as 1.04% of the Sum Assured as monthly income for 10 years c) Lumpsum plus Monthly Income – where 50% of the Death Benefit is paid immediately as lumpsum and the remaining 50% is paid as 0.93% of the Sum Assured as monthly income for 5 years
  • Increase the Sum Assured on important milestones: Flexibility for the customer to increase the Sum Assured during the Policy Term by 50% of the Sum Assured chosen at inception on 3 milestones – Marriage , Purchase of House , Birth of Child
  • Tax benefits: You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.

Plan Details

How does the Product work?

Let’s take a look at this case study

Siddharth is a 35 year old non-smoker salaried professional. His family consists of his wife and a son. He is worried about the uncertainties in life and realizes the need for protection in his fast-paced life. He wants to ensure that his family's needs are taken care of in case of his death and wants an insurance solution to this.

How does the plan work?

Siddharth decides to purchase Bharti AXA Life Premier Protect Plan for a policy term of 25 years regular pay and opts for Lumpsum payout option. He wants a Sum Assured of Rs. 1,00,00,000 for which he pays a premium of Rs. 12,400 p.a. (exclusive of taxes)

Case 1: In case of death of Siddharth during the policy term, his family would receive death benefit of Rs. 1 Cr immediately on death. 

Case 2: Siddharth continues to live a healthy life and at the age of 40 years, he and his wife plan to have a second child. In this major milestone of Siddharth’s life and due to increased responsibilities, he wants to increase the protection by 50% so as to secure both his children and his wife in case of any unfortunate event.

Based on the increased protection, Siddharth's Sum Assured increases to Rs. 1.5 Cr for which he pays an additional premium of Rs. 8,000 p.a. (exclusive of taxes) i.e. total premium of Rs. 20,400 p.a. for the remaining 20 years of the policy term.

In case of Siddharth's death within 60 years of age, his family would receive Rs. 1.5 Cr immediately on death.

Parameter Eligibility Criteria
Minimum age at entry 18 years age last birthday
Maximum age at entry 65 years age last birthday
Maximum Age at Maturity 75 years age last birthday
Policy Term & Premium Payment Term
Premium Payment Option Minimum Policy Term Maximum Policy Term
Single Pay 10 years 57 years under To Age 75 years option
35 years under Fixed Policy Terms
Limited Pay
(5 year & 10 year PPT)		 5 year PPT – 10 years 
10 year PPT – 15 years
Regular Pay 10 years
Minimum Sum Assured (Rs.) Rs 50,00,000
Maximum Sum Assured (Rs.) No Limit, subject to underwriting
Premium Payment Modes Annual, semi- annual, quarterly* & monthly*
Minimum Premium Based on the minimum Sum Assured

* Through auto pay only

1) Death Benefit: In case of death of the Life Insured during the policy term, provided the policy is in force and all due premiums have been paid till the date of death, the Death Benefit will be payable to the nominee/beneficiary immediately on the death.

Death Benefit is the Sum Assured on Death, which is the highest of:

  • 11 times Annualized Premium*
  • 105% of all premiums paid as on date of death
  • Absolute amount assured to be paid on death equal to the Sum Assured
  • Sum Assured on Maturity, equal to the zero under the policy

*Annualised Premium does not include taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

In case of the death of the Life Insured during the Grace Period, the Death Benefit after deducting the unpaid due Premium and any other amount due, shall be payable and the Policy will be terminated.

In case of the death of the Life Insured while the Policy is in lapse status, no benefit shall be payable and the Policy will terminate.

Death Benefit Payout Option: At the inception of the policy, the Life Insured has to choose the Death Benefit Payout Option from one of the three options below:

a) Lumpsum : Under this option, 100% of the Death Benefit (as defined above) will be paid immediately on death as lumpsum.

b) Monthly Income : Under this option, the Death Benefit will be paid as 1.04% of the Sum Assured every month in the form of Monthly Income, payable for 10 years with the first installment being payable immediately on death.

c) Lumpsum plus Monthly Income : Under this option, 50% of the Death Benefit will be paid immediately on death as lumpsum and the remaining 50% of the Death Benefit will be paid as 0.93% of the total Sum Assured every month in the form of Monthly Income, payable for 5 years with the first installment being payable immediately on death.

Under the Death Benefit Payout Option as stated in (b) and (c) above, the nominee/beneficiary will have an option to take the Monthly Income as a lump sum. This option is only available at the time of death before the payment of the first installment. The lump sum shall be calculated as a Present Value of Monthly Incomes discounted at 5% p.a. This rate may be revised subject to prior approval from IRDAI.

2) Increasing Sum Assured Option: Under Regular premium payment term option only: The policyholder will have an option to increase the Sum Assured on three milestones during the policy term, provided that at the time of exercising this option, the outstanding policy term is at least 10 years and the policyholder’s age is maximum of 45 years (age last birthday). At each milestone, the Sum Assured can be increased by an amount equal to 50% of the Sum Assured chosen at inception at each milestone listed below:

  • Marriage
  • Purchase of house (Loan purposes)
  • Birth of child

The cumulative increase of Sum Assured is capped to 100% of the Sum Assured chosen at inception.

The policyholder can increase the Sum Assured on the above mentioned events without undergoing any further medical examination.

These options need to be exercised within six months from the date of the milestone and the increase in Sum Assured shall be effective from the policy anniversary following the exercise of this option and additional premium shall be collected for the additional Sum Assured, where the premium rate shall be based on the age of the policyholder and the outstanding duration of the policy, as on the policy anniversary following the selection of the option.

OffLine Non Smoker - Single Pay
Age \ PT 10 15 20 25 30 35 TA75
18 4.65 6.45 8.04 9.07 10.00 10.88 17.08
19 4.70 6.52 8.15 9.22 10.20 11.14 17.25
20 4.74 6.60 8.26 9.38 10.42 11.41 17.42
21 4.78 6.67 8.37 9.54 10.67 11.72 17.60
22 4.81 6.74 8.50 9.74 10.93 12.04 17.77
23 4.85 6.82 8.64 9.95 11.21 12.39 18.05
24 4.89 6.90 8.80 10.19 11.54 12.79 18.32
25 4.94 7.01 8.98 10.47 11.92 13.23 18.62
26 4.99 7.13 9.20 10.81 12.34 13.73 18.98
27 5.06 7.28 9.46 11.18 12.82 14.29 19.38
28 5.15 7.46 9.77 11.62 13.36 14.92 19.84
29 5.26 7.68 10.13 12.12 13.97 15.61 20.37
30 5.38 7.93 10.54 12.69 14.65 16.39 20.95
31 5.54 8.23 11.03 13.32 15.40 17.27 21.61
32 5.72 8.57 11.58 14.04 16.25 18.23 22.33
33 5.93 8.99 12.22 14.84 17.19 19.31 23.13
34 6.18 9.45 12.93 15.72 18.23 20.49 24.00
35 6.46 9.99 13.73 16.71 19.37 21.81 24.95
36 6.80 10.61 14.61 17.79 20.64 23.25 25.98
37 7.18 11.29 15.60 18.99 22.04 24.84 27.09
38 7.62 12.07 16.70 20.30 23.57 26.58 28.28
39 8.12 12.95 17.90 21.75 25.26 28.49 29.56
40 8.70 13.92 19.21 23.33 27.11 30.58 30.58
41 9.35 14.98 20.65 25.07 29.13 - 32.14
42 10.08 16.15 22.22 26.96 31.33 - 33.77
43 10.90 17.43 23.94 29.03 33.72 - 35.50
44 11.80 18.83 25.80 31.27 36.33 - 37.29
45 12.79 20.33 27.81 33.69 39.14 - 39.14
46 13.85 21.95 29.98 36.32 - - 41.05
47 14.99 23.66 32.31 39.14 - - 42.99
48 16.20 25.51 34.79 42.16 - - 44.95
49 17.47 27.46 37.46 45.39 - - 46.90
50 18.82 29.53 40.33 48.84 - - 48.84
51 20.23 31.72 43.37 - - - 50.78
52 21.69 34.06 46.59 - - - 52.65
53 23.23 36.54 50.08 - - - 54.48
54 24.89 39.25 53.78 - - - 56.20
55 26.66 42.13 57.80 - - - 57.80
56 28.55 45.21 - - - - 58.68
57 30.60 48.59 - - - - 59.39
58 32.86 52.26 - - - - 59.96
59 35.30 56.24 - - - - 60.40
60 37.99 60.59 - - - - 60.59
61 40.91 - - - - - 60.28
62 44.14 - - - - - 59.60
63 47.64 - - - - - 58.64
64 51.51 - - - - - 57.47
65 55.73 - - - - - 55.73
OffLine Non Smoker - Regular Pay
Age \ PT 10 15 20 25 30 35 TA75
18 0.73 0.73 0.73 0.73 0.74 0.76 0.83
19 0.74 0.74 0.74 0.74 0.75 0.77 0.85
20 0.75 0.75 0.75 0.75 0.76 0.79 0.87
21 0.75 0.75 0.75 0.76 0.78 0.80 0.89
22 0.76 0.76 0.76 0.77 0.79 0.82 0.91
23 0.77 0.77 0.77 0.78 0.81 0.84 0.94
24 0.77 0.77 0.78 0.80 0.83 0.87 0.96
25 0.78 0.78 0.79 0.81 0.85 0.89 0.99
26 0.79 0.79 0.81 0.83 0.88 0.92 1.03
27 0.80 0.81 0.83 0.86 0.90 0.96 1.06
28 0.81 0.82 0.85 0.89 0.94 0.99 1.10
29 0.83 0.84 0.87 0.92 0.98 1.04 1.15
30 0.85 0.87 0.91 0.96 1.02 1.09 1.20
31 0.87 0.89 0.94 1.00 1.07 1.14 1.25
32 0.90 0.93 0.98 1.05 1.13 1.20 1.31
33 0.93 0.96 1.03 1.11 1.19 1.27 1.38
34 0.96 1.01 1.09 1.17 1.26 1.35 1.45
35 1.00 1.06 1.15 1.24 1.33 1.43 1.53
36 1.05 1.12 1.22 1.32 1.42 1.53 1.62
37 1.10 1.19 1.30 1.40 1.52 1.64 1.71
38 1.16 1.26 1.39 1.50 1.63 1.75 1.82
39 1.23 1.35 1.48 1.61 1.74 1.87 1.93
40 1.31 1.44 1.60 1.73 1.87 2.01 2.01
41 1.40 1.56 1.71 1.85 2.01 - 2.13
42 1.52 1.68 1.84 1.99 2.16 - 2.26
43 1.64 1.81 1.98 2.14 2.32 - 2.39
44 1.77 1.95 2.13 2.31 2.50 - 2.55
45 1.91 2.10 2.30 2.49 2.71 - 2.71
46 2.06 2.27 2.48 2.69 - - 2.87
47 2.23 2.44 2.68 2.90 - - 3.05
48 2.41 2.64 2.89 3.13 - - 3.23
49 2.60 2.84 3.11 3.37 - - 3.43
50 2.80 3.06 3.34 3.64 - - 3.64
51 3.01 3.29 3.61 - - - 3.85
52 3.23 3.54 3.88 - - - 4.08
53 3.46 3.80 4.17 - - - 4.31
54 3.71 4.07 4.48 - - - 4.57
55 3.98 4.37 4.83 - - - 4.83
56 4.26 4.70 - - - - 5.09
57 4.57 5.05 - - - - 5.37
58 4.90 5.44 - - - - 5.67
59 5.26 5.86 - - - - 5.99
60 5.67 6.32 - - - - 6.32
61 6.11 - - - - - 6.67
62 6.60 - - - - - 7.04
63 7.12 - - - - - 7.43
64 7.71 - - - - - 7.87
65 8.34 - - - - - 8.34
OffLine Non Smoker - Limited Pay 5
Age \ PT 10 15 20 25 30 35 TA75
18 1.30 1.67 1.97 2.22 2.47 2.71 3.57
19 1.32 1.69 2.00 2.26 2.52 2.78 3.63
20 1.33 1.71 2.02 2.29 2.57 2.84 3.70
21 1.34 1.73 2.04 2.33 2.63 2.91 3.77
22 1.35 1.75 2.08 2.37 2.69 2.98 3.85
23 1.36 1.77 2.11 2.43 2.77 3.06 3.93
24 1.36 1.78 2.14 2.48 2.84 3.16 4.02
25 1.39 1.81 2.18 2.55 2.92 3.27 4.12
26 1.40 1.83 2.23 2.63 3.02 3.38 4.23
27 1.42 1.87 2.28 2.71 3.14 3.52 4.35
28 1.44 1.91 2.35 2.82 3.26 3.67 4.50
29 1.46 1.95 2.44 2.93 3.40 3.84 4.65
30 1.49 2.01 2.53 3.06 3.56 4.02 4.82
31 1.53 2.09 2.65 3.21 3.75 4.23 5.00
32 1.58 2.17 2.78 3.37 3.95 4.46 5.21
33 1.63 2.26 2.92 3.56 4.17 4.72 5.42
34 1.69 2.37 3.08 3.77 4.41 5.01 5.67
35 1.77 2.50 3.27 4.00 4.69 5.32 5.93
36 1.85 2.65 3.48 4.25 4.99 5.67 6.22
37 1.94 2.82 3.71 4.53 5.32 6.05 6.52
38 2.05 3.00 3.96 4.85 5.68 6.47 6.85
39 2.18 3.21 4.24 5.19 6.09 6.94 7.20
40 2.33 3.45 4.55 5.56 6.54 7.44 7.44
41 2.50 3.71 4.89 5.97 7.02 - 7.79
42 2.69 3.99 5.25 6.41 7.54 - 8.18
43 2.90 4.30 5.65 6.91 8.12 - 8.57
44 3.13 4.64 6.09 7.44 8.74 - 9.00
45 3.38 5.01 6.56 8.02 9.42 - 9.42
46 3.67 5.40 7.07 8.64 - - 9.85
47 3.96 5.83 7.62 9.31 - - 10.29
48 4.28 6.29 8.21 10.03 - - 10.74
49 4.61 6.77 8.83 10.79 - - 11.18
50 4.97 7.28 9.51 11.61 - - 11.61
51 5.34 7.82 10.23 - - - 12.06
52 5.73 8.39 11.00 - - - 12.48
53 6.13 9.01 11.81 - - - 12.88
54 6.57 9.67 12.68 - - - 13.27
55 7.04 10.38 13.63 - - - 13.63
56 7.53 11.14 - - - - 13.95
57 8.08 11.97 - - - - 14.26
58 8.67 12.87 - - - - 14.52
59 9.32 13.85 - - - - 14.74
60 10.03 14.92 - - - - 14.92
61 10.79 - - - - - 15.03
62 11.64 - - - - - 15.07
63 12.57 - - - - - 15.04
64 13.59 - - - - - 14.93
65 14.70 - - - - - 14.70
OffLine Non Smoker - Limited Pay 10
Age \ PT 15 20 25 30 35 TA75
18 0.95 1.08 1.17 1.26 1.37 1.74
19 0.96 1.09 1.19 1.29 1.40 1.78
20 0.97 1.10 1.20 1.32 1.43 1.81
21 0.97 1.12 1.22 1.35 1.47 1.85
22 0.98 1.13 1.24 1.38 1.50 1.89
23 0.99 1.15 1.27 1.41 1.56 1.93
24 1.00 1.16 1.31 1.45 1.60 1.98
25 1.01 1.18 1.34 1.49 1.65 2.03
26 1.03 1.21 1.37 1.54 1.71 2.09
27 1.06 1.24 1.42 1.61 1.77 2.16
28 1.08 1.27 1.47 1.67 1.86 2.23
29 1.10 1.32 1.53 1.74 1.94 2.31
30 1.13 1.37 1.60 1.83 2.03 2.40
31 1.17 1.42 1.68 1.92 2.14 2.49
32 1.21 1.49 1.76 2.02 2.25 2.60
33 1.26 1.57 1.86 2.13 2.39 2.71
34 1.32 1.66 1.97 2.26 2.53 2.84
35 1.39 1.75 2.09 2.40 2.69 2.98
36 1.46 1.87 2.22 2.55 2.87 3.13
37 1.56 1.99 2.37 2.72 3.06 3.29
38 1.66 2.13 2.53 2.91 3.27 3.46
39 1.77 2.27 2.71 3.12 3.51 3.65
40 1.90 2.44 2.91 3.34 3.76 3.76
41 2.04 2.63 3.12 3.59 - 3.96
42 2.20 2.82 3.35 3.86 - 4.16
43 2.37 3.03 3.60 4.16 - 4.37
44 2.55 3.27 3.89 4.48 - 4.59
45 2.76 3.52 4.19 4.83 - 4.83
46 2.98 3.80 4.52 - - 5.07
47 3.21 4.09 4.87 - - 5.32
48 3.46 4.41 5.25 - - 5.57
49 3.73 4.75 5.65 - - 5.83
50 4.01 5.11 6.08 - - 6.08
51 4.31 5.50 - - - 6.35
52 4.63 5.91 - - - 6.60
53 4.97 6.35 - - - 6.85
54 5.33 6.83 - - - 7.10
55 5.73 7.34 - - - 7.34
56 6.15 - - - - 7.55
57 6.61 - - - - 7.76
58 7.11 - - - - 7.94
59 7.66 - - - - 8.11
60 8.25 - - - - 8.25
61 - - - - - -
62 - - - - - -
63 - - - - - -
64 - - - - - -
65 - - - - - -
  • The rates have been provided for sample policy terms and for lowest band (i.e. SA 50,00,000 – 1,00,00,000)
  • The rates are only for Male lives and Non-Smoker
  • There is a 3 years setback for female lives
  • Rates are per ‘000 Sum Assured
For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Premier Protect Plan
  • Bharti AXA Life Hospi Cash Rider (UIN: 130B007V04) : This rider allows payment of a fixed benefit for each day of hospitalization subject to maximum of 40 days per year and also provides lump sum benefit in case of surgery
  • Bharti AXA Life Accidental Death Benefit Rider(UIN: 130B008V02) :Receive additional sum assured as chosen under the rider in case of unfortunate event of death due to an accident.
  • Bharti AXA Premium Waiver Rider (UIN: 130B005V04) : Under this rider, in case the Life Insured is diagnosed from any of the 11 critical illnesses covered under the rider, the future premiums are waived off and the benefits under the policy will continue

    Please refer rider brochure for complete details on terms and conditions and exclusions before opting for the rider.

    In case the Policyholder opts for a Rider, the outstanding term of the Base Policy will be at least equal to 5 years. The Policy Term of the Rider shall be less than or equal to the Premium Payment Term of the Base Policy.

    The Premium pertaining to health related or critical illness riders shall not exceed 100% of premium under the Base Policy, the Premiums under all other life insurance Riders put together shall not exceed 30% of premiums under the Base Policy and any benefit arising under each of the above mentioned Riders shall not exceed the Sum Assured under the Base Policy.