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Bharti AXA Life Guaranteed Income Pro

(UIN: 130N101V01)
(ADVT No. II-Nov-2020-2463 )

A Non-Linked, Non-Participating Individual Life Insurance Savings Plan

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4 Reasons to Buy
  • Life Insurance Cover during the policy term
  • Two plan options to choose from –

    a) Endowment Option – get lump sum benefit at maturity
    • Guaranteed Additions from the first year to enhance your savings, guaranteed addition of 10% of one Annualized premium shall be accrued from the end of 1st policy year till end of policy term
    b) Income Option – get income during the income payout period. The following income variants are available -
    • i. Immediate Income:
      • Short Term Income: get income for an income payout period equal to the premium payment term post completion of Policy Term.
      • Long Term Income: get income for an income payout period of 25 or 30 years post completion of Policy Term. At the end of income payout period, all the premiums paid are returned.
    • ii. Deferred Income: Get Income for an income payout period of 25 years post completion of Policy Term. In addition, all the premiums paid are returned at the end of income payout period. Deferment period of 5 to 10 years is applicable from the end of premium payment term to end of policy term
  • Get all your premiums back at the end of the payout period under Long Term Income and Deferred Income variants
  • Flexibility to choose premium payment term or policy term

Plan Details

How does the plan work?

Endowment option

Scenario: Siddharth, age 35 year, decides to purchase Bharti AXA Life Guaranteed Income Pro.

He opts for Endowment option considering he wants a lumpsum benefit at maturity and opts for a policy term of 24 years and premium payment term of 12 years.

He wants to pay a premium of Rs. 50,000 for p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any). The Sum Assured throughout the policy term would be Rs. 13,81,215

The below cases illustrate the benefits that Siddarth would receive in this Endowment option.

Case I :
From the 1st policy year, Guaranteed Additions (Rs. 5,000) of 10% of one annualized premium would be accrued to at the end of each policy year till the end of the policy term.

Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years.

At maturity, a lumpsum Maturity Benefit is payable.



Total Premium Paid (Rs.) 6,00,000
Benefits Payable Benefit Amount (Rs.)
Accrued Guaranteed Additions 1,20,000
Sum Assured 13,81,215
Maturity Benefit at the end of 24th Year 15,01,215

Case II :
In case of death of Siddharth during the policy term in the 10th year, the death benefit would be Sum Assured on Death plus the accrued guaranteed additions till the date of death, his family would receive death benefit of Rs. 14,26,215 immediately on death.

The above example is for offline illustration purpose only.

Short Term Income

Scenario : Siddharth, age 35 year, decides to purchase Bharti AXA Life Guaranteed Income Pro for a premium of Rs. 50,000 p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any). The Sum Assured throughout the policy term would be Rs. 6,25,000.

He opts for Short Term Income option considering he wants income for a period of 12 years and opts for a policy term of 13 years and premium payment term of 12 years.

The income payout period would be 12 years and the income would start from the end of the 14th year till the end of 25th year. The income can be taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly.

The below cases illustrate the benefits that Siddarth would receive in this Short Term Income option.

Case I :
Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years.
On Survival till end of the policy term, that is 13th policy year and provided all premiums have been paid, Income would start from the 14th year till the end of 25th year (this is the income payout period)



Total Premium Paid (Rs.) 6,00,000
Benefits Payable Benefit Amount (Rs.)
Income (Annual) 1,04,650
Total Income 12,55,800

Case II (Death during Policy Term) :
In case Siddharth dies during the policy term, death benefit equal to sum assured on death would be payable. In the example above, in case of Siddharth’s death during the policy term in the 10th year, his family would receive death benefit of Rs. 6,25,000 immediately on death.

Case III (Death after Policy Term and during Income Payout Period) :
In case Siddharth dies after the policy term, his nominee shall continue receiving Income as per Income Payout Frequency and benefit option chosen till the end of the Payout Period. In the example above, in case of Siddharth’s death during the 15th year, his nominee shall continue receiving Income of Rs. 1,04,650 as was chosen, till the end of the Payout Period.

The nominee shall have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.

The above example is for offline illustration purpose only.

Long Term Income

Scenario : Siddharth, age 35 year, decides to purchase Bharti AXA Life Guaranteed Income Pro for a premium of Rs. 50,000 p.a. (exclusive of taxes). The Sum Assured throughout the policy term would be Rs. 6,25,000.

He opts for Long Term Income option considering he wants income for a period of 25 years and opts for a policy term of 13 years and premium payment term of 12 years.

The income payout period would be 25 years and the income would start from the end of the 14th year till the end of 38th year. The income can be taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly.

The below cases illustrate the benefits that Siddarth would receive in this Long Term Income option.

Case I :
Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years.

On Survival till end of the policy term, that is 13th policy year and provided all premiums have been paid, Income would start from the 14th year till the end of 38th year.

At the end of the income payout period, all the premiums paid (excluding the taxes, rider premiums and underwriting extra premiums, if any) would be returned.



Total Premium Paid (Rs.) 6,00,000
Benefits Payable Benefit Amount (Rs.)
Income (Annual) 49,700
Total Income 12,42,500
Return of Premium 6,00,000

Case II (Death during Policy Term):
In case Siddharth dies during the policy term, death benefit equal to sum assured on death would be payable. In the example above, in case of Siddharth’s death during the policy term in the 10th year, his family would receive death benefit of Rs. 6,25,000 immediately on death.

Case III (Death after Policy Term and during Income Payout Period) :
In case Siddharth dies after the policy term, his nominee shall continue receiving Income as per Income Payout Frequency and benefit option chosen till the end of the Payout Period. In the example above, in case of Siddharth’s death during the 15th year, his nominee shall continue receiving Income of Rs. 49,700 as was chosen, till the end of the Payout Period.

The nominee shall have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.

The above example is for offline illustration purpose only.

Deferred Income

Scenario : Siddharth, age 35 year, decides to purchase Bharti AXA Life Guaranteed Income Pro for a premium of Rs. 50,000 p.a. (exclusive of taxes, rider premiums and underwriting extra premiums, if any). The Sum Assured throughout the policy term would be Rs. 6,25,000.

He opts for Deferred Income option considering he wants income for a period of 25 years and opts for a policy term of 13 years and premium payment term of 8 years.

The income payout period would be 25 years and the income would start from the end of the 14th year till the end of 38th year. The income can be taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly.

The below cases illustrate the benefits that Siddarth would receive in this Deferred Income option.

Case I :
Siddharth pays the premiums for the entire duration of the premium payment term that is, 8 years.

On Survival till end of the policy term, that is 13th policy year and provided all premiums have been paid, Income would start from the 14th year till the end of 38th year.

At the end of the income payout period, all the premiums paid (excluding the taxes, rider premiums and underwriting extra premiums, if any) would be returned.



Total Premium Paid (Rs.) 4,00,000
Benefits Payable Benefit Amount (Rs.)
Income (Annual) 38,000
Total Income 9,50,000
Return of Premium 4,00,000

Case II (Death during Policy Term):
In case Siddharth dies during the policy term, death benefit equal to sum assured on death would be payable. In the example above, in case of Siddharth’s death during the policy term in the 10th year, his family would receive death benefit of Rs. 6,25,000 immediately on death.

Case III (Death after Policy Term and during Income Payout Period) :
In case Siddharth dies after the policy term, his nominee shall continue receiving Income as per Income Payout Frequency and benefit option chosen till the end of the Payout Period. In the example above, in case of Siddharth’s death during the 15th year, his nominee shall continue receiving Income of Rs. 38,000 as was chosen, till the end of the Payout Period.

The nominee shall have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.

The above example is for offline illustration purpose only.

How does Bharti AXA Life Guaranteed Income Pro work?

Choose the suitable Plan Option

  • 1) Endowment option: Get guaranteed lump sum benefit at maturity. Guaranteed Additions from the first year to enhance your savings, guaranteed addition of 10% of one Annualized premium shall be accrued from the end of 1st policy year till end of policy term.
  • 2) Short Term Income: Get income for an income payout period equal to the premium payment term post completion of Policy Term.
  • 3) Long Term Income: Get income for an income payout period of 25 or 30 years post completion of Policy Term. At the end of income payout period, all the premiums paid are returned.
  • 4) Deferred Income: Get Income for an income payout period of 25 years post completion of Policy Term. In addition, all the premiums paid are returned at the end of income payout period. Deferment period of 5 to 10 years is applicable from the end of premium payment term to end of policy term.
Parameter Eligibility
Premium Payment Term/ Policy Term/
Age at Entry/ Maturity Age
Plan Option Policy Term Premium Payment Term Minimum Age at Entry (years) Maximum Age at Entry (years) Minimum Maturity Age (years) Maximum Maturity Age (years)
Endowment Option 15 1 3 50 18 65
10 5 8 60 70
12 6 6 72
15 5 3 75
14 7 4 74
15 7 3 75
16 8 2 76
20 10 0 (91 days) 20 80
22 11 22 82
24 12 24 84
Short Term Income 11 10 7 65 18 76
12 11 6 77
13 12 5 78
Long Term Income 6 5 12 60 18 66
11 10 7 71
13 12 5 73
Deferred Income 6 1 12 50 18 56
11 1 7 61
11 6 7 61
13 6 5 63
13 8 5 63
Minimum Sum Assured (Rs.) Rs. 25,000
Maximum Sum Assured (Rs.) No Limit, subject to underwriting
Minimum Premium Depends on the minimum sum assured chosen
Premium Payment Modes Annual, semi- annual, quarterly* & monthly*

All ages mentioned above are age as on last birthday | *Through auto pay only

The product is also available through POS persons

Know your Benefits:

1) Death Benefit

1) In case of an unfortunate death of the Life Insured during the Policy Term, the following benefits will be payable to the Nominee, provided the Policy is in-force and all due premiums till the date of death have been paid. Death Benefit will be payable immediately on death to the nominee.

A. Endowment Option

Death Benefit is the Sum Assured on Death as defined below –

Single Pay*(less than Rs. 50,000) Single Pay*(Rs. 50,000 and more) Limited and Regular Pay
Sum Assured on Death shall be defined as the highest of - Sum Assured on Death shall be defined as the highest of - Sum Assured on Death shall be defined as the highest of -
i. 1.25 times of Single Premium# i. 10 times of Single Premium# i. 11 times of Annualized Premium$
ii. 105% of Total Premiums paid^ as on date of death ii. 105% of Total Premiums paid^ as on date of death ii. 105% of Total Premiums paid^ as on date of death
iii. Absolute amount assured to be paid on death equal to the Sum Assured iii. Absolute amount assured to be paid on death equal to the Sum Assured iii. Absolute amount assured to be paid on death equal to the Sum Assured

*excluding taxes, rider premiums, underwriting extra premiums, if any.


In addition to the above, for the Limited and Regular Pay under endowment option, the guaranteed additions accrued till the date of death shall also be payable as a lump sum. No guaranteed additions are applicable under single pay endowment variant.

B. Income Option

For death during the policy term, the death benefit is payable and the policy terminates.
In case of death after policy term (during the income payout period), no death benefit is payable

Single Pay

Death Benefit is the Sum Assured on Death, which is the highest of:

  • i. 10 times of Single Premium
  • ii. 105% of Total Premiums paid^ as on date of death
  • iii. Absolute amount assured to be paid on death equal to the Sum Assured
Limited and Regular Pay

Death Benefit is the Sum Assured on Death, which is the highest of:

  • i. Death Benefit Multiple+ times Annualized Premium$
  • ii. 105% of Total Premiums paid^ as on date of death
  • iii. Absolute amount assured to be paid on death equal to the Sum Assured

$Annualized Premium shall be the premium payable in a year chosen by the Policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.


#Single Premium shall exclude taxes, rider premiums, underwriting extra premiums, if any.


^Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.


Death during the Income Payout Period:

On death of the Life Assured during the Payout Period, the nominee shall continue receiving Income as per Income Payout Frequency & benefit option chosen till the end of the Payout Period. The nominee shall have an option to receive the future income and return of premium benefit, if applicable, as a lump sum, which shall be the present value of future payouts, discounted at a rate of 8% p.a..


+Death Benefit Multiple under Income Option is as follows –

Age at entry (last birthday) Death Benefit Multiple Age at entry (last birthday) Death Benefit Multiple Age at entry (last birthday) Death Benefit Multiple
5 14.00 26 12.95 47 11.90
6 13.95 27 12.90 48 11.85
7 13.90 28 12.85 49 11.80
8 13.85 29 12.80 50 11.75
9 13.80 30 12.75 51 11.70
10 13.75 31 12.70 52 11.65
11 13.70 32 12.65 53 11.60
12 13.65 33 12.60 54 11.55
13 13.60 34 12.55 55 11.50
14 13.55 35 12.50 56 11.45
15 13.50 36 12.45 57 11.40
16 13.45 37 12.40 58 11.35
17 13.40 38 12.35 59 11.30
18 13.35 39 12.30 60 11.25
19 13.30 40 12.25 61 11.20
20 13.25 41 12.20 62 11.15
21 13.20 42 12.15 63 11.10
22 13.15 43 12.10 64 11.05
23 13.10 44 12.05 65 11.00
24 13.05 45 12.00
25 13.00 46 11.95
2) Maturity Benefit
A. Endowment Option:

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:


Maturity Benefit = Sum Assured on Maturity + Accrued Guaranteed Additions


Where, Sum Assured on Maturity is equal to the Sum Assured.


Guaranteed additions defined as 10% of Annualized Premium shall accrue each year, starting from the end of the first policy year and shall be paid out as a lumpsum on death of the Life Insured, or maturity of the policy. Guaranteed Additions are not applicable for Single Premium Policies.


Note: Annualized Premium, excludes modal loading, extra mortality premiums, Goods & Services Tax and Cess (if any).


B. Income Option:
i. Short Term Income:

This option offers maturity benefit in the form of income, which is, defined as a percentage of one annualized premium, payable for fixed period of 10, 11 or 12 years upon payment of all due premiums and life assured surviving the policy term

Income Payout -

The income payout period and income payout percentage depends upon the Premium Payment Term chosen as per the table below:

Short Term Income
Premium Payment Term (years) 10 11 12
Policy Term (years) 11 12 13
Income Payout Period (years) 10 11 12
Income Payout Income from 12th year to 21st year in arrears Income from 13th year to 24th year in arrears Income from 14th year to 25th year in arrears
Income Payout Percentage Age Band 1 (less than 46 years) AP: 35,000 and below 165.80% 173.90% 182.80%
AP: 35,001 to 49,999 171.60% 178.30% 187.80%
AP: 50,000 and above 188.10% 188.60% 209.30%
Age Band 2 (46 years & above) AP: 35,000 and below 161.00% 166.50% 175.50%
AP: 35,001 to 49,999 165.00% 170.70% 181.80%
AP: 50,000 and above 176.70% 176.10% 197.90%

AP (Annualized Premium) excludes any taxes, underwriting extra and modal factors

ii. Long Term Income:

This option offers Maturity Benefit in the form of income for an income payout period of 25 or 30 years post completion of Policy Term. Maturity benefit is defined as a percentage of one annualized premium. At the end of income payout period, all the premiums paid (excluding the taxes, rider premiums and underwriting extra premiums, if any but including modal loadings) would be returned subject to payment of all due premiums and life assured surviving the policy term.

Income Payout -

The income payout period and income payout percentage depends upon the Premium Payment Term chosen as per the table below:

Long Term Income
Premium Payment Term (years) 5 10 12
Policy Term (years) 6 11 13
Income Payout Period (years) 30 25 25
Income Payout Income from 7th year to 36th year in arrears Income from 12th year to 36th year in arrears Income from 14th year to 38th year in arrears
Income Payout Percentage Age Band 1 (less than 46 years) AP: 35,000 and below 25.70% 64.50% 82.50%
AP: 35,001 to 49,999 27.30% 71.70% 89.50%
AP: 50,000 and above 32.10% 91.40% 99.40%
Age Band 2 (46 years & above) AP: 35,000 and below 24.90% 61.80% 80.00%
AP: 35,001 to 49,999 26.00% 67.20% 86.90%
AP: 50,000 and above 28.60% 78.30% 90.00%

AP (Annualized Premium) excludes any taxes, underwriting extra and modal factors

iii. Deferred Income:

This option offers guaranteed income for an income payout period of 25 years post completion of Policy Term. Deferment period of 5 to 10 years is applicable from the end of premium payment term to end of policy term.

At the end of income payout period, all the premiums paid (excluding the taxes, rider premiums and underwriting extra premiums, if any but including modal loadings) would be returned subject to payment of all due premiums and life assured surviving the policy term.

Income Payout -

The income payout period and income payout percentage depends upon the Premium Payment Term chosen as per the table below:

Deferred Income (Limited Pay)
Premium Payment Term (years) 6 6 8
Policy Term (years) 11 13 13
Income Payout Period (years) 25 25 25
Income Payout Income from 12th year to 36th year in arrears Income from 14th year to 38th year in arrears Income from 14th year to 38th year in arrears
Income Payout Percentage Age Band 1 (upto 39 years) AP: 35,000 and below 43.0% 49.5% 60.7%
AP: 35,001 to 49,999 46.8% 53.3% 66.3%
AP: 50,000 and above 53.4% 62.0% 76.0%
Age Band 2 (40 years & above) AP: 35,000 and below 40.5% 46.5% 57.1%
AP: 35,001 to 49,999 43.6% 49.5% 62.6%
AP: 50,000 and above 52.1% 58.7% 74.0%

AP (Annualized Premium) excludes any taxes, underwriting extra and modal factors

Deferred Income (Single Pay)
Premium Payment Term (years) SP
Policy Term (years) 6 11
Income Payout Period (years) 25
Income Payout Income from 7th year to 32nd year in arrears Income from 12th year to 36th year in arrears
Income Payout Percentage Age (years) / Premium Band SP: 50,000 - 99,999 SP: 1 Lakh – 4.99 Lakh SP: 5 Lakh and above SP: 50,000 - 99,999 SP: 1 Lakh – 4.99 Lakh SP: 5 Lakh and above
7 - - - 10.90% 11.30% 11.60%
8 - - - 10.80% 11.20% 11.60%
9 - - - 10.80% 11.20% 11.50%
10 - - - 10.70% 11.10% 11.40%
11 - - - 10.60% 11.10% 11.40%
12 7.50% 7.90% 8.20% 10.60% 11.00% 11.30%
13 7.50% 7.90% 8.20% 10.50% 11.00% 11.30%
14 7.50% 7.90% 8.20% 10.50% 10.90% 11.20%
15 7.40% 7.90% 8.20% 10.50% 10.90% 11.20%
16 7.40% 7.80% 8.20% 10.40% 10.90% 11.20%
17 7.40% 7.80% 8.10% 10.40% 10.80% 11.20%
18 7.40% 7.80% 8.10% 10.40% 10.80% 11.20%
19 7.40% 7.80% 8.10% 10.40% 10.80% 11.20%
20 7.40% 7.80% 8.10% 10.40% 10.80% 11.20%
21 7.40% 7.80% 8.10% 10.40% 10.80% 11.20%
22 7.40% 7.80% 8.10% 10.40% 10.80% 11.20%
23 7.40% 7.80% 8.10% 10.40% 10.80% 11.20%
24 7.40% 7.80% 8.10% 10.40% 10.80% 11.10%
25 7.40% 7.80% 8.10% 10.40% 10.80% 11.10%
26 7.40% 7.80% 8.10% 10.40% 10.80% 11.10%
27 7.40% 7.80% 8.10% 10.40% 10.80% 11.10%
28 7.40% 7.80% 8.10% 10.30% 10.70% 11.10%
29 7.40% 7.80% 8.10% 10.30% 10.70% 11.00%
30 7.30% 7.80% 8.10% 10.20% 10.60% 11.00%
31 7.30% 7.80% 8.10% 10.20% 10.60% 10.90%
32 7.30% 7.70% 8.00% 10.20% 10.60% 10.90%
33 7.30% 7.70% 8.00% 10.10% 10.50% 10.90%
34 7.20% 7.70% 8.00% 10.00% 10.50% 10.80%
35 7.20% 7.60% 7.90% 10.00% 10.40% 10.70%
36 7.20% 7.60% 7.90% 9.90% 10.30% 10.60%
37 7.10% 7.60% 7.90% 9.70% 10.20% 10.50%
38 7.10% 7.50% 7.80% 9.60% 10.00% 10.40%
39 7.00% 7.50% 7.80% 9.40% 9.80% 10.20%
40 7.00% 7.40% 7.70% 9.20% 9.60% 10.00%
41 6.90% 7.30% 7.60% 9.00% 9.40% 9.70%
42 6.80% 7.20% 7.50% 8.70% 9.10% 9.40%
43 6.70% 7.10% 7.40% 8.30% 8.80% 9.10%
44 6.60% 7.00% 7.30% 8.00% 8.40% 8.70%
45 6.20% 6.60% 7.00% 6.40% 7.40% 7.50%
46 6.10% 6.40% 6.80% 6.00% 6.90% 7.10%
47 5.90% 6.30% 6.70% 5.50% 6.40% 6.60%
48 5.70% 6.10% 6.50% 4.90% 5.80% 6.00%
49 5.50% 5.80% 6.30% 4.30% 5.20% 5.40%
50 5.30% 5.60% 6.00% 3.60% 4.60% 4.70%

SP (Single Premium) excludes any taxes, underwriting extra and modal factors
The frequency of the guaranteed income payout will be Annual, Semi-Annual, Quarterly or Monthly as chosen by the Policyholder at inception of the policy.

At any point of time during the Income Payout Period, the policyholder shall have an option to receive the future income payouts and return of premium benefit, if applicable, as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.

For added protection the following Riders can be availed by paying additional Premium along with the Bharti AXA Life Guaranteed Income Pro.

Rider UIN Scope of Benefits
Bharti AXA Life Term Rider 130B009V02 Under this Rider the Policyholder can increase the ss Coverage for a nominal Premium.
Bharti AXA Life Hospi Cash Rider 130B007V04 This Rider allows payment of a Fixed Benefit for each day of hospitalization subject to maximum of 40 days per year and also provides Lump Sum Benefit in case of surgery.
Bharti AXA Life Accidental Death Benefit Rider 130B008V02 Receive Additional Sum assured as chosen under the Rider in case of unfortunate event of death due to an accident.
Bharti AXA Life Premium Waiver Rider 130B005V04 Under this Rider, in case the Life Insured is diagnosed from any of the 11 critical illnesses covered under the Rider, the future Premiums are waived off and the Benefits under the Policy will continue.

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