Bharti AXA Life Invest Once (UIN: 130N064V01)

A savings plan that offers multiple benefits such as guaranteed additions of up to 9% p.a., 10 times life cover and tax-saving benefits. All you have to do is make a single Premium payment and choose between Policy Terms of 5 or 10 years.

4 REASONS TO BUY

  • Single Premium plan.

    You pay once for a Policy Term of your choice and receive the Maturity benefit on the completion of the term.

  • Guaranteed additions as high as 9% that are paid out at Maturity providing a lump sum benefit.

    Calculated as a percentage of the single Premium, the guaranteed additions will be added every year till the end of the Policy Term. They are paid out on Maturity of the policy, subject to the policy being in force. For a term of 5 years the guaranteed additions are 7% of the base single Premium while for a term of 10 years the guaranteed additions are 9% of the base single Premium.

  • Flexibility to choose between two plan terms; 5 and 10 years.

    Irrespective of the Policy Term, you will have to pay just a single Premium.

  • Receive Tax benefits on the Premiums paid and pay-out benefits received.

    The Tax benefits fall under 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

25 year old Kartik chooses our Bharti AXA Life Invest Once with a policy term of 10 years as he wants to invest his money in a plan which will be financially beneficial to him in the long run. He chooses the tax saver option and decides to opt for life insurance benefit. He pays a one-time premium of `5,00,000 for a Sum Assured of `6,99,996.

  • He pays a one-time premium of `5,00,000.

    1ST POLICY YEAR
  • In case he survives, he receives the Sum Assured of `9,50,000 at maturity.

    10TH POLICY YEAR
Sad Demise

Sad Demise

In case Kartik dies before maturity of his policy, his family receives higher of Sum Assured, Sum Assured at Maturity or 125% of the Single Premium

Who can buy?

WHO CAN BUY?

Parameter Eligibility
Minimum age at entry (age last birthday) 8 years for 10 years term
13 years for 5 year term
Maximum age at entry (age last birthday) 55 years
Maximum Maturity Age (age last birthday) 60 years for 5 years term
65 years for 10 year term
Minimum Sum Assured Depends on the minimum Premium
Minimum Annual Base Premium
(Excluding applicable taxes and Premium for enhanced death cover)
` 5,000
Maximum Annual Base Premium
(Excluding applicable taxes and Premium for enhanced death cover)
No limit
Policy Term 5 years & 10 years
Premium Payment Term Single Premium
More Details

VIEW DETAILS

Guaranteed Additions:

Guaranteed Additions are calculated as a percentage of the Single Premium and will be added every year till the end of the policy term. The guaranteed additions are paid out on Maturity of the policy, subject to the policy being in force. The percentage varies on the basis of the policy term and is shown in the table given below,

Policy Term Guaranteed Additions as a %
of Base Single Premium
5 years 7%
10 years 9%

 

Flexibility to choose between two terms

You have the option to choose between two policy terms of 5 years or 10 years while you pay premiums only once.

 

Enhanced Life Cover

Other than the Sum Assured chosen, if you wish to increase the Life Cover under the policy, you can avail the same by paying an additional premium known as the Mortality Premium.

 

Life Insurance Benefit

In case of unfortunate death of the Life Insured, the Sum Assured on Death which is explained below is payable to the Nominee:

 

Sum Assured on Death The Sum Assured on Death is the sum of (1) & (2) as given below:
  1. The higher of;
    1. Sum Assured chosen by the policyholder
    2. Sum Assured on Maturity
    3. 125% of Single Premium plus mortality Premium
      (if opted for enhanced death cover), for
      policyholder with age less than 45 years as on last
      birthday at policy inception

      Or

      110% of Single Premium plus mortality Premium
      (if opted for enhanced death cover), for policyholder
      with age 45 or higher as on last birthday at policy
      inception
  2. Enhanced Life Cover (if opted for)

 

Maturity Benefit

If the policy is in force and the Life Insured survives to the Maturity Date of the policy, then the maturity benefit equal to Sum Assured on Maturity will be payable which is 100% of Single Premium along with Total Guaranteed Additions accrued during the Policy Term (excluding Mortality Premium, if any).

Premium rates

SIMPLY FILL IN A FEW OF YOUR DETAILS AND LET US HELP CALCULATE A SPECIFIC PREMIUM RATE FOR YOU.

Calculate Your Premium

HERE ARE THE AGE WISE PREMIUM RATES

Mortality Premium rates (per 1000 Sum Assured) For Healthy Male
Age/Term
(in years)
5 years 7 years
25 years 2.81 4.88
35 years 3.90 7.71
45 years 8.93 19.07
55 years 21.66 43.39