Bharti Axa Bharti Axa

Bharti AXA Life Secure Income Plan

(UIN 130N056V04)
((ADVT II-APR-2019-1846)

Pay limited Premiums with this saving plan depending on the term you choose. At the end of your chosen term, you start receiving 8% p.a. of the Sum Assured as guaranteed Monthly income*. On Maturity you will receive the Sum Assured plus guaranteed additions as benefits.

*Life Insurance coverage is available under this product.

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4 Reasons to Buy
  • Limited pay guaranteed income plan. You start receiving guaranteed tax-free income after the completion of the Premium payment term, until Maturity, provided the policy is in force and all due Premiums have been paid.
  • Guaranteed additions of up to 10% (depending on plan term chosen) regularly added during the plan term. A fixed guaranteed addition, declared as a percentage of the Sum Assured will get added to your policy each year after the completion of Premium payment term, until Maturity of the policy. These guaranteed additions get paid out either on death or at Maturity. 7% of Sum Assured for a Premium payment of 5 years, 8.5% of Sum Assured for a Premium payment of 7 years and 10% of Sum Assured for a Premium payment of 10 years.
  • Guaranteed benefit at Maturity. You get Sum Assured plus Guaranteed Additions.
  • Enjoy 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

30 year old Gaurav chooses our Bharti AXA Life Secure Income Plan with a policy term of 20 years as he wishes to receive a guaranteed monthly income along with a guaranteed amount at maturity. He pays an annual premium of ₹ 50,000 for 10 years for a Sum Assured of ₹ 3,11,061.

  • Starts paying an annual premium of 50,000

    1ST POLICY YEAR
  • Finishes paying an annual premium

    10TH POLICY YEAR
  • He starts to receive an annual income of24,885

    11TH POLICY YEAR
  • He continues to receive an annual income of 24,885 till the 20th year

    20TH POLICY YEAR
  • He receives a guaranteed maturity amount of6,22,122

    END OF
    20TH POLICY YEAR
Sad Demise
  • In case Gaurav’s demise, his family will receive a total death benefit of ₹ 6,50,000

Parameter

Eligibility Criteria

Minimum age at entry

3 years for 15 years Policy Term

1 year for 17 years Policy Term

0 year for 20 years Policy Term

Maximum age at entry

65 years for 15 years Policy Term

63 years for 17 years Policy Term

60 years for 20 years Policy Term

Maximum Maturity Age

80 years

Minimum Premium 
Excluding service tax and cess

For 15 years Policy Term

₹ 30,000 for Annual Mode
₹ 15,600 for Semi-Annual Mode

₹ 8,100 for Quarterly Mode

₹ 2,700 for Monthly Mode

For 17 years Policy Term

₹ 24,000 for Annual Mode

₹ 12,480 for Semi-Annual Mode

₹ 6,480 for Quarterly Mode

₹ 2,160 for Monthly Mode

For 20 years Policy Term

₹ 20,000 for Annual Mode

₹ 6,240 for Semi-Annual Mode

₹ 3,240 for Quarterly Mode

₹ 1,080 for Monthly Mode

Policy Term

15, 17 and 20 years

Premium Payment Term

5, 7 and 10 years for 15, 17 and 20 years Policy Term respectively

Premium Payment Modes

Annual, Semi annual, Quarterly* & Monthly*

*Through ECS only

Guaranteed Monthly Income

Start receiving Guaranteed Income after the completion of the Premium Payment Term, until Maturity, provided the policy is in force and all due premiums have been paid. This income will be tax-free#.

#Subject to the prevailing provisions of section 10(10D) of the Income-tax Act, 1961

Policy Term

Premium Payment Term

Guaranteed Income*

Guaranteed Income Benefit Period*(in months)

15 Years

5 Years

8% of Sum Assured p.a.

10 years (120 months)

17 Years

7 Years

8% of Sum Assured p.a.

10 years (120 months)

20 Years

10 Years

8% of Sum Assured p.a.

10 years (120 months)

* The Guaranteed Income commences after the end of Premium Payment Term and will be paid out on a monthly basis.

Maturity Benefit

A fixed guaranteed addition declared as a percentage of Sum Assured gets added to your policy each year after the completion of premium payment term until the maturity of the policy. Thus, Sum Assured plus Guaranteed Additions get paid out on Maturity.

Policy Term

Premium Payment Term

Annual Guaranteed Addition (applicable after Premium payment term)

15 Years

5 Years

7% of Sum Assured

17 Years

7 Years

8.5% of Sum Assured

20 Years

10 Years

10% of Sum Assured

Death Benefit

In case of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee. This payout is made over and above the Monthly Income payouts made before the death of the Life Insured. The Death benefit depends upon the age and the policy term chosen.

Policy Term

Death Benefit

15 Years

Higher of (Sum Assured plus Guaranteed Additions accrued till date of death) or (105% of Premiums paid) or (11 times Annual Base Premium)

17 Years

Higher of (Sum Assured plus Guaranteed Additions accrued till date of death) or (105% of Premiums paid) or (11 times Annual Base Premium)

20 Years

Higher of (Sum Assured plus Guaranteed Additions accrued till date of death) or (105% of Premiums paid) or (13 times Annual Base Premium)

Tax benefits

For premiums paid and benefits received, are as per the prevailing tax laws which are subject to changes with change in tax laws.

Here Are The Age Wise Premium Rates
Premium Payment Term
Age 5 7 12

0

-

-

156.19

1

-

228.34

156.19

2

-

228.34

156.19

3

327.40

228.34

156.19

4

327.40

228.34

156.19

5

327.40

228.34

156.19

6

327.40

228.34

156.19

7

327.40

228.34

156.19

8

327.40

228.34

156.19

9

327.90

228.42

156.19

10

328.19

228.60

156.33

11

328.53

229.05

156.44

12

328.88

229.37

156.68

13

329.07

229.59

157.00

14

329.45

229.77

157.31

15

329.79

230.16

157.43

16

330.05

230.41

157.64

17

330.18

230.65

157.98

18

330.32

230.91

158.29

19

330.67

231.20

158.50

20

331.02

231.38

158.71

21

331.47

231.43

158.93

22

332.13

231.54

159.15

23

332.79

231.75

159.36

24

333.45

232.03

159.57

25

334.10

232.31

159.78

26

334.78

232.47

160.01

27

335.42

232.75

160.23

28

336.08

232.98

160.40

29

336.76

233.19

160.57

30

337.42

233.77

160.74

31

338.08

234.36

160.92

32

338.77

234.94

161.09

33

339.43

235.54

161.26

34

340.10

236.13

161.43

35

340.79

236.72

161.61

36

342.19

237.96

161.95

37

343.63

239.22

162.27

38

345.06

240.49

162.60

39

346.47

241.72

162.93

40

347.92

243.01

164.05

41

349.39

244.29

165.09

42

350.84

245.58

166.13

43

352.29

246.88

167.19

44

353.78

248.18

168.24

45

355.26

249.49

169.32

46

356.72

250.82

170.39

47

358.23

252.14

171.46

48

359.74

253.48

172.56

49

361.24

254.81

173.32

50

362.74

256.18

174.41

51

364.27

257.56

175.54

52

365.82

258.91

176.66

53

367.33

260.30

177.44

54

368.88

261.68

178.57

55

370.44

262.56

179.71

56

372.02

264.25

180.87

57

373.56

265.62

182.04

58

375.16

266.78

182.81

59

376.72

267.22

183.57

60

378.33

268.68

184.75

61

379.55

269.74

 

62

380.35

271.18

 

63

381.97

272.11

 

64

383.19

   

65

384.03

   
  • Rates are per thousand Sum Assured
  • 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.