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.
BUY NOWSiddharth 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 |
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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:
*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:
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 | - | - | - | - | - | - |