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Bharti AXA Life Elite Advantage

(UIN 130N060V05)
(ADVT II-May-2020-2208)

A comprehensive long term savings plan with dual benefits of :

a. Guaranteed pay-outs# of 8.5% to 9.5% of Sum Assured on Maturity, paid during Maturity Payout period. 
b. 100% Sum Assured at Maturity*
c. One of the best investment plans with high returns

Life Insurance coverage is available under this product.

#Provided the policy is in force, Guaranteed Payouts start after the policy term & depends upon Premium payment Term & premium band.
*Payouts at the end of Maturity Payout Period.

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4 Reasons to Buy
  • Enjoy Guaranteed benefits at regular intervals. A percentage of the Sum Assured on Maturity will be paid during the Maturity pay-out period as a guaranteed maturity benefit starting from the end of the Policy Term till the end of the 19th year. You can choose whether the Guaranteed pay-outs will be annual/semi-annual/quarterly.
  • Enjoy Guaranteed lump sum benefit at Maturity. 100% of Sum Assured on Maturity is paid at the end of 20th year from the policy date.
  • Different Premium payment Terms to choose from. Premium payment Terms are 5, 7 and 12 years.
  • Receive 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.

Plan Details

How it works?

Let’s take a look at this case study

35 year old Mohan is looking for an income protection plan he chooses our Bharti AXA Life Elite Advantage a term plan with maturity benefits to meet his future expenses such as his daughter’s higher education, marriage expenses etc., for a Sum Assured of ₹ 11,87,648. He pays an annual premium of ₹ 1,00,000 for 12 years.

  • Starts paying an annual premium of  ₹  1,00,000* every year

    1ST POLICY YEAR

  • Finishes paying an annual premium of  ₹ 1,00,000*

    12TH POLICY YEAR

  • He receives a Guaranteed pay-out of ₹ 1,12,827 annually (9.5% of sum assured at maturity)

    END OF
    12TH POLICY YEAR

  • He continues to receive the maturity benefit in regular instalments from the end of the policy term till the end of the 19th year.

    19TH POLICY YEAR

  • He receives a lump sum amount of ₹ 11,87,648 at the end of the 20th year.

    20TH POLICY YEAR

    • *Premium is exclusive of service tax

Sad Demise
  • In case of his demise before 12th Policy Year, his family will receive ₹ 11,87,648
  • In case of his sad demise during the 12th Policy Year, his family will receive ₹ 12,60,000
Boundary Conditions
Parameter Eligibility Criteria
Minimum age at entry (age as on last birthday) 8 years for 10-years Policy Term
6 years for 12-years Policy Term
The risk coverage will start immediately on policy commencement for all lives including minors
Maximum age at entry (age as on last birthday) 65 years
Maximum Maturity Age (age as on last birthday) 75 years for 10-years Policy Term
77 years for 12-years Policy Term
Minimum Sum Assured Depends on the minimum premium
Minimum Annualised Premium ₹ 24,000 for 5-years Premium Payment Term
₹ 15,000 for 7-years Premium Payment Term
₹ 12,000 for 12-years Premium Payment Term
Policy Term 10 and 12 years.
Premium Payment Term 5 years for 10-years Policy Term
7/12 years for 12-years Policy Term
Premium Payment Modes Annual, Semi-Annual, Quarterly*, Monthly*
Maturity Payout Period End of 10th year till end of 20th year for 10-years Policy Term
End of 12th year till end of 20th year for 12-years Policy Term
Guaranteed Payout frequency Annual, Semi-Annual, Quarterly

* Through auto pay only

A plan that offers Guaranteed Payouts# of 8.5% to 9.5% from the end of the policy term and 100% Sum Assured at Maturity*. It also provides comprehensive protection until the end of the policy term. With two benefits in one plan, now you don’t have to compromise anymore.

Basic Life Insurance Cover:

Get Higher of Sum Assured on Maturity or 11 times the base annualized Premium or 105% of premiums paid till date of death, in case of an unfortunate event of death of the life insured.

Maturity benefit:

In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder.

  • Guaranteed Payout:

    • A percentage of Sum Assured on Maturity is paid during the Maturity payout period.

  • Sum Assured:

    • 100% of Sum Assured on Maturity is paid at the end of 20th year

    The percentage of Guaranteed Payout depends upon the Policy Term, Premium Payment Term and the Premium Amount as mentioned below.

Premium Payment Term Guaranteed Payout (End of year) Annualised Premium (₹) Guaranteed Payout as % of Sum Assured on Maturity
5 years End of 10th to end of 19th year 24,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%
7 years End of 12th to end of 19th year 18,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%
12 years End of 12th to end of 19th year 12,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%

Option to choose Premium Payment term

There are three premium payment terms available. You can opt between a premium payment term of 5, 7 and 12 years. The Policy Term depends upon the premium term chosen.

Tax Benefits

You can avail the tax benefits on the premiums paid 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 change in Tax laws from time to time.

# Provided the policy is in force, Guaranteed Payouts start after the policy term & depends upon premium payment term & premium band.

* Payable at the end of maturity

Here are the age wise Premium Rates
Premium rates (per'000 SA) - Male Lives
Age\PPT 5 years 7 years 12 years
6   126.84 82.67
7   126.84 82.67
8 212.49 126.9 82.7
9 212.58 126.95 82.73
10 212.67 127 82.75
11 212.76 127.07 82.78
12 212.85 127.12 82.81
13 212.95 127.18 82.84
14 213.04 127.23 82.87
15 213.13 127.28 82.9
16 213.22 127.34 82.93
17 213.31 127.39 82.97
18 213.48 127.48 83.02
19 213.63 127.57 83.07
20 213.78 127.66 83.12
21 213.94 127.75 83.17
22 214.09 127.84 83.22
23 214.24 127.94 83.28
24 214.4 128.03 83.32
25 214.56 128.12 83.37
26 214.81 128.26 83.45
27 215.05 128.42 83.53
28 215.31 128.56 83.62
29 215.55 128.7 83.7
30 215.8 128.86 83.78
31 216.05 129 83.87
32 216.3 129.15 83.95
33 216.56 129.3 84.03
34 216.8 129.45 84.11
35 217.06 129.6 84.2
36 218.01 130.15 84.51
37 218.96 130.73 84.82
38 219.91 131.28 85.13
39 220.87 131.84 85.44
40 221.83 132.41 85.76
41 222.8 132.99 86.07
42 223.77 133.57 86.39
43 224.76 134.14 86.71
44 225.74 134.71 87.03
45 226.72 135.3 87.35
46 227.72 135.89 87.67
47 228.71 136.47 88
48 229.71 137.07 88.32
49 230.73 137.65 88.65
50 231.74 138.25 88.97
51 232.93 138.95 89.36
52 234.12 139.65 89.74
53 235.32 140.37 90.13
54 236.52 141.06 90.52
55 237.74 141.79 90.9
56 238.96 142.51 91.3
57 240.19 143.23 91.69
58 241.42 143.96 92.09
59 242.67 144.68 92.49
60 243.92 145.42 92.89
61 245.18 146.16 93.28
62 246.43 146.9 93.69
63 247.71 147.65 94.09
64 248.99 148.4 94.51
65 250.27 149.15 94.91
  • Rates are per thousand Sum Assured
  • The above-mentioned rates mentioned are Male life. Three years set back for female lives.
  • 3.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.
  • 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.