A plan that offers a lump sum payout at the end of the premium payment term followed by increasing guaranteed payouts until Maturity and a lump sum payout at Maturity.
Buy Now35 year old Sahil chooses our Bharti AXA Life Super Series with the Super 10 option. The Premium Payment Term is 10 years and Policy Term is 20 years for a Sum Assured of Rs. 2,00,000. He starts paying Rs. 48,598 as the annualised premium each year.
Sahil Starts paying an annual premium of ₹ 48,598
He finishes paying the annual premiums and receives a lump sum amount of ₹ 1,00,000 as a pay out at the end of the year
Starts receiving guaranteed payouts increasing from ₹ 24,000 in the 11th year to₹ 72,000 in the 19th year, for 9 years, totalling to ₹ 4,32,000
He receives a guaranteed pay out of ₹ 2,60,000 END OF
In case something unfortunate were to happen to Sahil during the Policy Term, a Life Insurance benefit of Rs. 7,28,970 will be paid to help support the family and fulfil their goals.
Parameter | Eligibility Criteria | |
---|---|---|
Super Series Option | Super 6 | Super 10 |
Policy term | 12 years | 20 Years |
Premium Payment Term | 6 Years | 10 Years |
Minimum age at entry (age last birthday) | 6 Years | 0 Years |
Maximum age at entry (age last birthday) | 63 Years | 60 Years |
Minimum Annualized Premium (excluding any underwriting extra) | Rs. 18,000 | Rs. 15,000 |
Minimum 'Sum Assured on Maturity' | Depends on the Minimum Premium | |
Premium Payment Modes | Annual, Semi-annual, Quarterly*, Monthly* |
* Through Auto Pay only
1. Guaranteed Money Back
A percentage of the 'Sum Assured on Maturity' will be paid if all due premiums have been paid and the policy is in force. The Guaranteed Money Back benefit will commence immediately after the end of Premium Payment Term and the pay-outs will be paid at the end of each year as specified below:
For the Super 6 Option
End of Policy Year | Percentage of 'Sum Assured on Maturity' |
---|---|
6 |
50% |
7 |
12% |
8 |
15% |
9 |
18% |
10 |
21% |
11 |
24% |
For the Super 10 Option
End of Policy Year | Percentage of 'Sum Assured on Maturity' |
---|---|
10 |
50% |
11 |
12% |
12 |
15% |
13 |
18% |
14 |
21% |
15 |
24% |
16 |
27% |
17 |
30% |
18 |
33% |
19 |
36% |
In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.
2. Maturity Benefit
On Maturity Date, 'Sum Assured on Maturity' will be paid to the Policyholder, subject to the policy being in force.
In case the Life Insured is a minor at the time of policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.
3. Guaranteed Maturity Addition
In addition, on Maturity Date, a Guaranteed Maturity Addition of 30% of the ‘Sum Assured on Maturity’ will be payable to the Policyholder, subject to the Policy being in force.
In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.
4. Death Benefit
In the event of a death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on death.
The Sum Assured on death shall be higher of the following
*Annualised Premium does not include taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
5. Tax Benefits
You may be eligible for the tax benefits on the premiums paid and, on the benefits, received subject to the prevailing provisions. The tax benefits are subject to change as per the change in tax laws from time to time.
Premium Rates for Band 1: Sum Assured on Maturity between ₹ 50,000 and ₹ 1,50,000
Age of Life Insured | Super 6 Option | Super 10 Option |
---|---|---|
0 |
240.61 |
|
1 |
|
240.69 |
2 |
|
240.77 |
3 |
|
240.85 |
4 |
|
240.93 |
5 |
|
241.01 |
6 |
344.58 |
241.09 |
7 |
344.66 |
241.17 |
8 |
344.86 |
241.27 |
9 |
344.93 |
241.5 |
10 |
345 |
241.68 |
11 |
346.09 |
242.75 |
12 |
346.24 |
242.83 |
13 |
346.39 |
243.46 |
14 |
346.49 |
243.54 |
15 |
346.6 |
243.63 |
16 |
346.7 |
243.71 |
17 |
346.81 |
243.79 |
18 |
346.92 |
245.25 |
19 |
347.02 |
245.33 |
20 |
347.13 |
245.41 |
21 |
347.23 |
245.49 |
22 |
347.34 |
245.57 |
23 |
347.45 |
246.82 |
24 |
347.55 |
246.9 |
25 |
347.66 |
246.99 |
26 |
347.76 |
247.07 |
27 |
347.87 |
247.71 |
28 |
347.98 |
247.79 |
29 |
348.08 |
247.87 |
30 |
348.19 |
248.8 |
31 |
348.29 |
248.88 |
32 |
348.4 |
248.96 |
33 |
348.51 |
249.05 |
34 |
348.74 |
249.13 |
35 |
349.17 |
249.22 |
36 |
349.92 |
249.34 |
37 |
350.66 |
249.53 |
38 |
351.89 |
249.71 |
39 |
353.13 |
250.34 |
40 |
354.38 |
250.56 |
41 |
357.38 |
251.4 |
42 |
357.89 |
252.31 |
43 |
358.32 |
253.1 |
44 |
358.91 |
254.1 |
45 |
359.4 |
257.5 |
46 |
361.7 |
260.42 |
47 |
363.24 |
261.02 |
48 |
365.04 |
264.28 |
49 |
368.16 |
267.6 |
50 |
370.27 |
270.05 |
51 |
375.36 |
272.21 |
52 |
378.03 |
273.45 |
53 |
379.92 |
275.64 |
54 |
381.28 |
277.85 |
55 |
381.82 |
280.08 |
56 |
386.75 |
288.86 |
57 |
390.38 |
295.23 |
58 |
395 |
301.75 |
59 |
404.52 |
310.23 |
60 |
410.98 |
314.92 |
61 |
417.77 |
0 |
62 |
423.89 |
0 |
63 |
429.34 |
0 |
The Premium rates are in ₹ and are per 1,000 Sum Assured on Maturity. The rates are exclusive of Service Tax. There is a 3-year setback for female life
Premium Rates for Band 2: Sum Assured on Maturity is greater than ₹ 1,50,000
Age of Life Insured | Super 6 | Super 10 |
---|---|---|
0 |
234.59 |
|
1 |
234.67 |
|
2 |
234.75 |
|
3 |
234.83 |
|
4 |
234.91 |
|
5 |
234.98 |
|
6 |
325.08 |
235.06 |
7 |
325.15 |
235.14 |
8 |
325.34 |
235.24 |
9 |
325.41 |
235.46 |
10 |
325.47 |
235.64 |
11 |
326.5 |
236.68 |
12 |
326.64 |
236.76 |
13 |
326.78 |
237.37 |
14 |
326.88 |
237.45 |
15 |
326.98 |
237.54 |
16 |
327.08 |
237.62 |
17 |
327.18 |
237.7 |
18 |
327.28 |
239.12 |
19 |
327.38 |
239.2 |
20 |
327.48 |
239.27 |
21 |
327.58 |
239.35 |
22 |
327.68 |
239.43 |
23 |
327.78 |
240.65 |
24 |
327.88 |
240.73 |
25 |
327.98 |
240.82 |
26 |
328.08 |
240.89 |
27 |
328.18 |
241.52 |
28 |
328.28 |
241.6 |
29 |
328.38 |
241.67 |
30 |
328.48 |
242.58 |
31 |
328.58 |
242.66 |
32 |
328.68 |
242.74 |
33 |
328.78 |
242.82 |
34 |
329 |
242.9 |
35 |
329.41 |
242.99 |
36 |
330.11 |
243.11 |
37 |
330.81 |
243.29 |
38 |
331.97 |
243.47 |
39 |
333.14 |
244.08 |
40 |
334.32 |
244.3 |
41 |
337.15 |
245.12 |
42 |
337.63 |
246 |
43 |
338.04 |
246.77 |
44 |
338.59 |
247.75 |
45 |
339.06 |
251.06 |
46 |
341.23 |
253.91 |
47 |
342.68 |
254.49 |
48 |
344.38 |
257.67 |
49 |
347.32 |
260.91 |
50 |
349.31 |
263.3 |
51 |
350.8 |
265.4 |
52 |
353.3 |
266.61 |
53 |
355.07 |
268.75 |
54 |
356.34 |
270.9 |
55 |
356.84 |
273.08 |
56 |
361.45 |
281.64 |
57 |
364.84 |
287.85 |
58 |
370.89 |
294.21 |
59 |
379.83 |
302.47 |
60 |
385.9 |
307.05 |
61 |
397.88 |
0 |
62 |
407.59 |
0 |
63 |
414.82 |
0 |
The Premium rates are in ₹ and are per 1000 Sum Assured on Maturity. The rates are exclusive of Service Tax. There is a 3-year setback for female life