Bharti AXA Life Samriddhi

Bharti AXA Life Samriddhi – a Non-linked, Participating, Endowment plan, that offers protection for your family’s financial future by providing an opportunity to participate in the profits of participating fund of the company by way of Non-Guaranteed bonuses payable to you at the time of maturity or in case of any eventuality

Life Insurance Cover for your family

In case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in force

• Basic Life Insurance Cover
• Accrued Non-Guaranteed Annual Simple Reversionary Bonus
• Non-Guaranteed Terminal Bonus

The Basic Life insurance cover will be the higher of

• Sum Assured on Maturity or
• 11 times Annualized Premium

However, the death benefit payable shall never be lower than 105% of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

Receive Lump sum Payout at Maturity

At maturity of the policy (in case the Life Insured survives till the maturity of the Policy and all premiums are duly paid), you receive

• 100% of Sum Assured on Maturity
• Accrued Non-Guaranteed Annual Simple Reversionary Bonus
• Non-Guaranteed Terminal Bonus

Potential to Receive Additional Earnings with Bonuses

The policy participates in the distribution of surplus or profits that may be declared by the Company. Non-Guaranteed Annual Simple Reversionary Bonus gets accrued to the policy at the end of each year provided all due premiums are paid. This accrued Non-Guaranteed Annual Simple Reversionary Bonus is paid out at the time of Maturity or on the loss of life of Life Insured, whichever is earlier. The company may also declare Non-Guaranteed Terminal Bonus which is also payable along with Maturity Benefit or Death Benefit.

Eight Premium Payment Term options to choose from

You can choose from the following Premium Payment term options

Limited Premium Payment Term option

• Premium Payment Term of 5 or 12 Years with Policy Term of 10 and 20 years respectively

Regular Premium Payment Term option

• Premium Payment Term options available are 10, 15, 20, 25, 30 and 35 years

Save Tax

You can avail the tax benefits on the premiums paid (subject to a maximum of ₹ 1,50,000) and on the benefits received subject to the prevailing provisions under Section 80C and Section 10 (10D) respectively of the Income Tax Act, 1961. The tax benefits are subject to change as per the change in tax laws from time to time.

Here Are The Age Wise Premium Rates

• 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 service tax

You may enhance your protection under this Plan by opting for the following rider(s)

• Bharti AXA Life Hospi Cash Rider (UIN:130B007V02): 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: 130B005V03): 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:130B008V01): 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: 130B009V01): 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.