A COMPREHENSIVE PLAN THAT MAKES YOUR AND YOUR FAMILY’S LIFE SECURE
A savings plan that offers dual benefits of guaranteed annual pay-outs with life cover up to age 100. You can also enjoy additional(non-guaranteed) cash bonuses till Maturity.
Whole Life Cover Plan: The product offers the choice of 3 premium payment terms
of 7 years, 10 years and 15 years with life cover upto age 85 and 100 years as Policy Term
Guaranteed Annual Payouts: Receive Guaranteed Annual Payouts equal to 5.5% or 6% of the Sum Assured
(depending upon the policy term chosen) from 10th Policy year onwards, until maturity or death whichever is earlier, provided the policy is in force
Maturity Benefit along with Cash Bonuses: The product also offers non-guaranteed cash bonuses and is paid out every year
starting from the 6th Policy year until maturity or death whichever is earlier. At the time of Maturity, receive 100% of the Sum Assured as Maturity Benefit provided the policy is in force
Tax benefits: You can avail the tax benefits on the premiums paid and the benefits received
subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.
Let’s take a look at this case study
30 year old Rahul chooses our Bharti AXA Life Aajeevan Sampatti+ for a Sum Assured of Rs. 5,00,000 with a coverage till he turns 100 years of age. He pays an annual premium of Rs 107,310 p.a (exclusive of taxes) for 10 years.
Starts paying an annual premium of `1,07,310
Non-guaranteed cash bonuses are paid until maturity or death
Guaranteed annual payouts of `27,500 begins
If Rahul survives until the age of 100, he will receive a
maturity amount of `5,00,000
*The gross rate of return shown above is the return earned on the participating fund of the company and is not guaranteed.
The regular payouts of this Policy help Rahul preserve his other savings, ensuring his funds are used as intended
The Life Insurance benefit of the Policy ensures that if something unfortunate were to happen to Rahul before the Policy matures, his family will receive Rs 11,80,410 as Life Insurance benefit
|Minimum age at entry (age last birthday)||91 days||Maximum age at entry (age last birthday)||
60 years for ‘To age 100’ policy term
50 years for ‘To age 85’ policy term
|Maximum Age at Maturity entry (age last birthday)||100 or 85 years depending on the policy term chosen|
|Premium Payment Term||7 years, 10 years & 15 years|
|Minimum Sum Assured (Rs.)||Rs 50,000|
|Maximum Sum Assured Rs.)||No Limit, subject to underwriting|
|Minimum Premium (Rs.)||Will depend on the minimum Sum Assured on Maturity|
|Premium Payment Modes||Annual, semi- annual, quarterly* & monthly*|
Maturity Benefit: Sum Assured on Maturity is paid if the Life Insured survives till the maturity of the Policy and the policy is in force
Guaranteed Annual Payouts: This plan assures guaranteed annual payouts until Maturity (except in the policy year coinciding with maturity). Once you complete the 10th Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier, subject to policy being in force. The Guaranteed Annual Payout percentage depends on the Policy term option chosen and is mentioned below.
|Policy Term||Guaranteed Annual Payout Percentage|
|To age 100||5.5% of Sum Assured on Maturity|
|To age 85||6% of Sum Assured on Maturity|
Cash Bonuses: This Policy also offers Non-guaranteed cash bonuses subject to the policy being inforce. The Policy participates in the performance of the participating insurance fund and surplus is distributed as bonus. This Non-guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier. No bonuses shall be payable in the first 5 policy years.
Death Benefit: Your coverage under the Policy will continue until you reach the age of 100 or 85 years as per the Policy term selected.
In case of unfortunate event of loss of life of Life insured (applicable even in case of minor lives), subject to the policy being inforce the Sum Assured payable on death will be higher of:
Tax Benefits: You may be eligible for tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time.
HERE ARE THE AGE WISE PREMIUM RATES
|For Sum Assured 50,000 to < 4,00,000|
|Age||7 Pay||10 Pay||15 Pay|
|For Sum Assured : 4,00,000 & above|
|Age||7 Pay||10 Pay||15 Pay|
For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Aajeevan Sampatti+
Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02) : This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.
Bharti AXA Life Accidental Death Benefit Rider(UIN: 130B008V01) : Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an accident.
Bharti AXA Life Premium Waiver rider (UIN: 130B005V03): 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.
Please refer rider brochure for complete details on terms and conditions and exclusions before opting for the rider.
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