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.
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
Finishes paying an annual premium of ₹ 1,00,000*
He receives a Guaranteed pay-out of ₹ 1,12,827 annually (9.5% of sum assured at maturity)
He continues to receive the maturity benefit in regular instalments from the end of the policy term till the end of the 19th year.
He receives a lump sum amount of ₹ 11,87,648 at the end of the 20th year.
*Premium is exclusive of service tax
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.
A percentage of Sum Assured on Maturity is paid during the Maturity payout period.
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
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 |