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Bharti AXA Life Wealth Pro

(UIN: 130L100V01)
(ADVT II-Aug-2020-2309 )

In this policy, the investment risk in the investment portfolio is borne by the policyholder.

Give wings to your dreams with Bharti AXA Life Wealth Pro – An Individual Linked Life Insurance cum Savings Plan. This plan offers you a comprehensive financial solution that gives you a life cover up to 10 times of your premium and helps build wealth over the long term to ensure that you and your family fulfill all your aspirations.

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4 Reasons to Buy
  • 1. Choose a Variant: The plan offers you two variants to choose from -

    a) Growth Variant – In this Variant the policy term options available are 10, 15 and 20 years with multiple Premium Payment term options.

    b) Legacy Variant – To provide a legacy fund to your loved ones we offer you Legacy variant which provides a life insurance coverage of 10 times the annualized premium throughout your policy term (99 years).

  • Grow your wealth further with Wealth booster: A percentage of Fund Value is added as wealth booster subject to Policy being in-force. Wealth Boosters are available under both Growth and Legacy variants.
  • Multiple Investment Strategies to suit your investment needs: The plan lets you choose from 2 investment strategies - Dynamic Fund Allocation and Systematic Transfer Plan along with multiple fund options basis the investment goals and risk-return potential.
  • Tax benefits: You may avail the tax benefits on the premiums paid and the benefits received; subject to the prevailing tax laws. The tax benefits are subject to change as per change in Tax laws from time to time.

Plan Details

How does the plan work?

Let’s take a look at this case study

Mr. Nair, 40 year old, working as a Director in a leading MNC wants to plan investments for his daughter’s wedding in 10 years as well as for his Retirement planning. He wants a flexible plan for and wants a life cover as well in case of any unfortunate event. He cannot decide between Growth Option and Legacy option, as available under the product.

Mr. Nair wishes to pay a premium of Rs. 2,00,000 p.a. for a premium payment period of 10 years.

To ensure he is adequately covered, the Sum Assured offered under both Growth and Legacy option is 10 times of the premium paid. In case of an unfortunate death of Mr. Nair during the Policy Term, the minimum Death Benefit payable would be Rs. 20,00,000.

Let’s see how the plan works and the benefits available under both the options to help him choose basis his goals.

Scenario 1: Let us look at how Bharti AXA Life Wealth Pro, Growth option helps Mr. Nair fulfill his investment goals

Premium Payment Term Regular Pay
Premium Rs. 2,00,000
Policy Term 10 years
Sum Assured Rs. 20,00,000 (10 times the Premium)
Policy Variant Growth
Fund opted Equity - Grow Money Plus Fund - 100%
Investment Strategy opted Self-Managed
Fund Value on Maturity* @4% p.a. Rate of Investment Return
Rs. 22,09,532
@8% p.a. Rate of Investment Return
Rs. 27,28,357

*Fund Value illustrated in the table is not guaranteed. 4% and 8% rate of investment returns are used only for illustration purposes and are not guaranteed.

In case of death of the Life Insured, in the 4th policy year, Death Benefit equal to higher of Sum Assured or Fund Value will be payable to the nominee.

Sum Assured Rs. 20,00,000
Fund Value* as on date of death @4% p.a. Rate of Investment Return
Rs. 7,55,559
@8% p.a. Rate of Investment Return
Rs. 8,31,783
Death Benefit Death Benefit equal to Rs. 20,00,000 will be payable to the nominee

*Fund Value illustrated in the table is not guaranteed. 4% and 8% rate of investment returns are used only for illustration purposes and are not guaranteed.

“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.”

Scenario 2: Let us look at how Bharti AXA Life Wealth Pro, Legacy options can help Mr. Nair fulfill his investment/ retirement goals as well

Premium Payment Term Limited Pay
Premium Rs. 2,00,000
Policy Term 59 years(99-40 years)
Premium Payment term 10 years
Sum Assured Rs. 20,00,000 (10 times the Premium)
Policy Variant Legacy
Fund opted Equity - Grow Money Plus Fund – 100%
Investment Strategy opted Self-Managed
Fund Value on Maturity* @4% p.a. Rate of Investment Return @8% p.a. Rate of Investment Return
Rs. 96,02,366 Rs. 7,60,57,257

*Fund Value illustrated in the table is not guaranteed. 4% and 8% rate of investment returns are used only for illustration purposes and are not guaranteed.

In case of death of the Life Insured, in the 9th policy year, Death Benefit equal to higher of Sum Assured or Fund Value (including Loyalty Additions) will be payable to the nominee.

Sum Assured Rs. 20,00,000
Fund Value* as on date of death @4% p.a. Rate of Investment Return
Rs. 18,55,010
@8% p.a. Rate of Investment Return
Rs. 22,63,889
Death Benefit Death Benefit equal to Fund Value as on date of death will be payable to the nominee.

*Fund Value illustrated in the table is not guaranteed. 4% and 8% rate of investment returns are used only for illustration purposes and are not guaranteed.

“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.”

Depending on his goals, premium paying term Mr Nair can choose the Variant.

  Maturity Payout Minimum Death Benefit
  @8% p.a. Rate of Investment Return @4% p.a. Rate of Investment Return
Scenario 1 Rs. 27,28,357 Rs. 22,09,532 Rs. 20,00,000
Scenario 2 Rs. 7,60,57,257 Rs. 96,02,366 Rs. 20,00,000

The above Illustration is for Policy bought through offline channel.

“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.”

Parameter Eligibility
Minimum age at entry
(Age Last Birthday)
Variant Policy Term Minimum Entry Age
Growth 10 years 8 years
15 years 3 years
20 years 0 years (91 days)
Legacy 99 minus Age at entry 0 years (91 days)
Maximum age at entry
(Age Last Birthday)
For Growth Variant -
Variant Policy Term Maximum Entry Age
Growth 10 years 65 years
15 years 60 years
20 years 55 years
For Legacy Variant- -
Variant Policy Term Premium Payment Term Minimum Entry Age
Legacy 99 minus Age at entry 5 years 44 years
7 years 57 years
10 years 65 years
To Age 60 years 53 years
Maximum Maturity age
(Age Last Birthday)
75 years for Growth Variant
99 years for Legacy Variant
Policy Term & Premium Payment Term

The following Policy Terms and corresponding Premium Payment Terms (PPTs) are available under the product:

For Growth Variant -
Policy Term options Premium Payment Term options
Single Pay 5 Years 7 Years 10 Years 15 Years 20 Years
10 years - -
15 years -
20 years
For Legacy Variant -
Policy Term Premium Payment Term options
Single Pay 5 Years 7 Years 10 Years 60 Years - Entry Age
Upto age 99 years

Option to choose higher coverage: You can now opt for higher coverage of 10 times the annualized premium even in the single pay variant of the product (for specific age groups). Thus, giving you the flexibility of choosing the desired protection.

Death Benefit

In case of death of the Life Insured during the Policy Term, the Death Benefit will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

Death Benefit, which is the higher of:

  • Sum assured less all partial withdrawals made during the two year period immediately preceding the date of death of the Life Assured
  • Policy Fund Value (including any Loyalty Additions) as on date of death
  • 105% of all premiums paid as on date of death

Sum Assured will be as per table below:

Variant Premium Payment Term Policy Term Age last birthday Sum Assured
Growth Single Premium 10 years <= 50 years Option 1: 125% * Single Premium
Option 2: 10 * Single Premium
> 50 years 125% * Single Premium
15 years <= 46 years Option 1: 125% * Single Premium
Option 2: 10 * Single Premium
> 46 years 125% * Single Premium
20 years <= 43 years Option 1: 125% * Single Premium
Option 2: 10 * Single Premium
> 43 years 125% * Single Premium
Growth and Legacy Limited/Regular Premium All All 10 times Annualized Premium

# Annualized premium is the premium selected by the policyholder at inception of the policy, excluding applicable taxes.

In case the Policyholder chooses a Single Premium, the level of Sum Assured will also need to be chosen, as specified in Table above. If at any time after the lock-in period, the Fund Value falls below at least one annualized premium, the Policy shall stand terminated.

The Death Benefit shall become payable on death of the Life Assured. The Policy shall terminate upon payment of Death Benefit.

In case of the death of the Life Insured during the grace period allowed for payment of due premium, the Death Benefit shall be payable and the Policy will be terminated.

The risk coverage will start from the Date of Commencement of Risk for all lives, including minors.

In case of the death of the Life Assured while the policy is in a discontinuance status and the monies are a part of the ‘Discontinued Policy Fund’, the Policy Fund Value as on the date of death shall be payable and the policy will be terminated

In case of the death of the life insured during the Settlement Period, the Higher of Policy Fund Value or 105% of total premiums paid as on the date of death shall be payable to the nominee/legal heirs and the policy will terminate.

Maturity Benefit

On maturity, subject to the policy being in-force and depending upon the variant chosen, you shall be eligible for the Maturity Benefit as follows –

  • Growth Variant: Maturity Benefit payable shall be equal to the Policy Fund Value (including Return of Mortality Charges, Return of Premium Allocation Charges and Wealth Boosters) as on the date of maturity.
    a. Return of Mortality Charges (RoMC) and Return of Premium Allocation Charge (RoPAC): Subject to Policy being in force (including revived policies), the total amount of Mortality charges (excluding any extra Mortality charge & or any other applicable tax/cess levied) and total Premium Allocation Charges (excluding any applicable tax/cess levied) deducted during the Policy Term will be credited to the Policy at maturity. RoMC and RoPAC will be allocated to the Policy by creating additional Units across Investment Funds, in the same proportion as the investment fund allocation then in effect. RoMC and RoPAC shall not be credited in case of Surrender, Discontinued or Paid-up Policy.
  • Legacy Variant: Maturity Benefit payable shall be equal to the Policy Fund Value (including Loyalty Additions and Wealth Boosters) as on the date of maturity.

The Policy Fund Value is calculated with the respective Unit Prices of the relevant Investment Funds to which the premium/s have been allocated as on their Valuation Dates, coinciding with the Maturity Date of the Policy.

At maturity, the Policyholder may also choose to avail of the Settlement Option.

Settlement Option

On Maturity, you may choose to receive the Policy Fund Value as:

  • A lumpsum payment
  • At regular intervals chosen by the Policyholder, during the Settlement Period
  • A combination of the above
Loyalty Addition

Subject to the Policy being in-force, Loyalty Additions will be credited to the Policy at the end of each Policy Year in the Legacy Variant, (chosen by the Policyholder at inception).

The Loyalty Additions are as follows:

Variant Policy Year % of Policy Fund Value* as at end of Policy Year
Legacy From the end of Policy Year 10 till one year before maturity 0.75%

The Loyalty Additions will be payable along with the Policy Fund Value on Maturity. Loyalty Additions, once credited will not be clawed back; however, Loyalty Additions will not be credited to policies in Paid-Up status.

Wealth Booster

Subject to the Policy being in-force, Wealth Booster will be credited to the Policy at the end of fifth policy year and at Maturity date. The Wealth Booster is as follows:

Variant Policy Year % of Policy Fund Value as at end of Policy Year
Growth & Legacy End of 5th Policy Year 0.25%
At Maturity* 1.25%
  • Under Growth variant, Wealth Booster, at maturity, shall be calculated as of 1.25% of Fund Value at maturity, before adding back RoMC ( Return of Mortality Charge) and RoPAC ( Return of Premium Allocation Charge) units. The Wealth Booster will be payable along with the Policy Fund Value at Maturity.
  • Wealth Booster will not be credited to policies in Paid-Up status.
Investment Strategies

At inception of the Policy, You may also choose to allocate the premium/s in one of the Investment strategies as per the Term and conditions of the Product, with a maximum of two Investment strategies being available. You shall have the option to choose between two investment strategies -
(i) Dynamic Fund Allocation
(ii) Systematic Transfer Plan

Investment Strategy Description
Dynamic Fund Allocation
  • This Strategy can only be chosen on inception of the Policy.
  • In case this strategy is chosen at inception, the 1st and subsequent premiums will be allocated (after deducting Premium Allocation Charges) to Grow Money Plus Fund.
  • During the last 5 years of the Policy Term (before maturity), the funds will automatically rebalanced between Grow Money Plus Fund and Steady Money Fund to protect you against any adverse movements in the equity markets.

    i) Limited Pay policies: In case of Limited Pay policies, the Company will automatically allocate the monies between Grow Money Plus Fund and Steady Money Fund, from the end of 5th year before Policy Maturity, in a pre-determined manner as described below through switching Units in the respective Fund

    Year Existing Funds
    Grow Money Plus Fund Steady Money Fund
    (PT-5) yr 80% 20%
    (PT-4) yr 75% 25%
    (PT-3) yr 70% 30%
    (PT-2) yr 50% 50%
    (PT-1) yr 0% 100%
    ii) For Regular Pay Policies: The Company will automatically allocate/ switch Units in the Funds on each Policy Anniversary with respect to Regular Premium received on Policy Anniversary or date of receipt of the Regular Premium and switch Units in the Funds on each Policy Anniversary, in a predetermined proportion specified in the applicable table below:

    Year Existing Funds New Premium
    (Regular)
    Equity Fund* Debt Fund# Equity Fund* Debt Fund#
    (PT-5) yr 80% 20% 80% 20%
    (PT-4) yr 75% 25% 75% 25%
    (PT-3) yr 70% 30% 70% 30%
    (PT-2) yr 50% 50% 50% 50%
    (PT-1) yr 0% 100% 0% 100%
  • The Company will not levy any switching charges for the operation of the Dynamic Fund Allocation strategy
  • You may opt out of the Dynamic Fund Allocation option during the Policy Term by giving the Company prior written request, in which case this option will cease to be effective from the Policy Anniversary following the receipt of the request. In such instances, the existing funds shall continue to remain in the vested funds and new Premium amounts will be allocated basis the funds and proportion chosen at inception.
  • Once the Policyholder has opted out, then the Policyholder shall not be permitted to recommence the Dynamic Fund Allocation option during the Policy Term.
  • While Dynamic Fund Allocation is operational Switching in or out of the Steady Money Fund will cause the Dynamic Fund Allocation to cease. Dynamic Fund Allocation will continue to be active in Reduced Paid- Up status
Systematic Transfer Plan (STP)
  • This Strategy can only be chosen on inception of the Policy.
  • The strategy can be chosen to take advantage of rupee cost averaging by allocating into debt funds and increasing allocation to equity in a pre-determined consistent manner
  • If the Systematic Transfer Plan is opted, then the Company will automatically allocate the Single Premium/Regular Premium received (after deducting Premium Allocation Charges) to purchase Units in the Safe Money Fund. On each subsequent monthly anniversary, the Fund Value of [1/(13 less month number in the Policy Year)] of the Units available at the beginning of the month] shall be switched to the Grow Money Plus Fund by cancelling Units in the Safe Money Fund, and purchasing Units in the Grow Money Plus Fund till the availability of Units in Safe Money Fund. For instance: Policy month 1: 1/(13-1)= 1/12th of the Units to be switched Policy month 2: 1/(13-2)= 1/11th of the Units to be switched Policy month 11: 1/(13-11)= 1/2 of the Units to be switched Policy month 12: 1/(13- 12)= balance Units to be switched.
  • The Company will not levy any switching charges for the operation of the Systematic Transfer Plan.
  • You shall not be permitted to make partial withdrawals from the Safe Money Fund during the period when this option is in force.
  • You may opt out of the Systematic Transfer Plan during the Policy Term by giving the Company a prior written notice, in which case this option will cease to be effective from the next Monthly Policy Anniversary following the receipt of the request.
  • While STP is operational, you are not allowed to change your fund choice.
  • This strategy can be availed only on annual Premium payment mode and will be active during the Premium Payment Term chosen by you provided due Premium has been paid. STP cannot be opted once all Premiums payable under the Policy have been paid.
  • If due Premium is not received during the Grace Period, STP will cease to be operational. The Premiums received after the expiry of Grace Period will be allocated entirely to the Grow Money Plus Fund unless otherwise specified by You.
  • If you give the request for Premium redirection or to change to monthly Premium payment mode then such request will make STP ineffective.
  • Once STP ceases to exist, your future Premiums will continue to be invested in the Grow Money Plus Fund chosen at the time of opting STP unless otherwise specified by you.
SWP (Systematic Withdrawal Plan)- Available only under Legacy Variant:

Option to automatically withdraw a fixed annual amount from your fund value is an automated partial withdrawal facility which can be opted by the Policyholder under Legacy Variant. Under this facility, a pre-decided amount will be withdrawn from the Policy Fund Value from the end of chosen policy year and paid to Policyholder till the end of the Policy Term. At the time of the written request to effect the SWP, the Policyholder needs to choose the following:

Premium Modes Annual and Monthly
Minimum Premium
Minimum Premium varies by channel and premium payment option.
Channel\ Premium Payment Option Variant Online Other than Online
Single Pay Growth Rs. 1,00,000 Rs. 1,00,000
Limited/Regular Pay Growth/Legacy Rs. 25,000 Rs. 25,000
Single Pay option not available for Legacy variant.
Maximum Premium No Limit, subject to Board Approved Underwriting Policy