Bharti AXA Life Aajeevan Sampatti+(UIN: 130N058V01)
(ADVT II-Jan-2018-1566)

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.

4 REASONS TO BUY

  • Flexibility in Policy Term/Premium Payment Terms:

    The product offers the choice of 4 policy terms with limited premium payment terms for the Policy Terms 

  • Increasing Survival Payouts: On Survival of the Life Assured till the end of the premium payment term,

    Survival Payouts are given as a percentage of Annual Premium which increases every year at 10% of Annual Premium from the end of the premium payment term till one year before the end of the policy term

  • Maturity Benefit: : In case the Life Insured survives till the maturity

    of the Policy and all premiums are duly paid, then a Maturity benefit as a percentage of Annual Premium is payable to the Policyholder on the date of maturity

  • 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.

Plan details

How it works?

Let’s take a look at this case study

Sarthak is 35 years old married man and is currently working with an MNC. He purchases Bharti AXA Life Aajeevan Sampatti+ Plan and invests Rs. 50,000 p.a. (exclusive of taxes) as Annualized Premium. He chooses a policy term of 23 years and premium payment term of 12 years.

Let us look at how Bharti AXA Life Guaranteed Income Plan helps Sarthak receive Survival Payouts over a period of years and fulfil his future goals

  • Starts paying an annual premium of `1,07,310

    1ST POLICY YEAR
  • Non-guaranteed cash bonuses are paid until maturity or death

    6TH POLICY YEAR
  • Finishes paying
    annual premium

    10TH POLICY YEAR
  • Guaranteed annual payouts of `27,500 begins

    11TH POLICY YEAR
  • If Rahul survives until the age of 100, he will receive a
    maturity amount of `5,00,000

    70TH POLICY YEAR
Sad Demise

Sad Demise

In case of Sarthak’s demise before Maturity of the Policy, his nominee would receive higher of ` 5,00,000 or 105% of all premiums paid as on date of death

Who can buy?
Parameter Eligibility Criteria
Policy Term & Premium Payment Term
Policy Term Premium Payment Term
15 years 8 years
19 years 10 years
23 years 12 years
29 years 15 years
 

Minimum age at entry

Policy Term Age at Entry
15 years 3 years
19/23/29 years 91 days
The insurance cover will start immediately on policy commencement for all lives including minors.
Maximum age at entry 55 years for all Policy Terms
 

Maximum Age at Maturity

Policy Term Age at Maturity
15 years 70 years
19 years 74 years
23 years 78 years
29 years 84 years
Minimum Sum Assured (Rs.) Rs 50,000
Maximum Sum Assured (Rs.) No Limit, subject to underwriting
 

Minimum Premium (Rs.)

Policy Term Minimum Premium
15 years Rs. 7,167
19 years Rs. 5,370
23 years Rs. 4,259
29 years Rs. 3,375
Premium Payment Modes Annual, semi- annual, quarterly* & monthly*
  • *Through auto pay only
View Details

VIEW DETAILS

Survival Payout: On Survival of the Life Assured till the end of the premium payment term, Survival Payouts are paid as a percentage of Annual Premium which increases every year at 10% of annual premium from the end of the premium payment term till one year before the end of the policy term. The Survival Payout percentage varies depending on the Annual Premium and is as given below

End of Policy Year Premium Payment Term
8 years 10 years 12 years 15 years
8 100% -- -- --
9 110% -- -- --
10 120% 105% -- --
11 130% 115% -- --
12 140% 125% 115% --
13 150% 135% 125% --
14 160% 145% 135% --
15 -- 155% 145% 125%
16 -- 165% 155% 135%
17 -- 175% 165% 145%
18 -- 185% 175% 155%
19 -- -- 185% 165%
20 -- -- 195% 175%
21 -- -- 205% 185%
22 -- -- 215% 195%
23 -- -- -- 205%
24 -- -- -- 215%
25 -- -- -- 225%
26 -- -- -- 235%
27 -- -- -- 245%
28 -- -- -- 255%

Maturity Benefit : 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 to the Policyholder on the date of maturity :

Premium Payment Term Maturity Date MaturityBenefit as a % of one Annual Premium
8 years End of 15th policy year  170% of Annual Premium
10 years End of 19th policy year  195% of Annual Premium
12 years End of 23rd policy year  225% of Annual Premium
15 years End of 29th policy year  265% of Annual Premium

 

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highest of:

  • 10 times annualized premium*
  • 105% of all premiums paid as on date of death
  • Absolute amount assured to be paid on death equal to the sum assured under the policy
  • Sum assured on maturity;

Death Benefit is payable in addition to any Survival Payout already paid.

Premium rates

HERE ARE THE AGE WISE PREMIUM RATES

Age 10 Pay 15 Pay
0 216.02 138.69
1 216.02 138.69
2 216.02 138.69
3 216.02 138.69
4 216.02 138.69
5 216.02 138.69
6 216.02 138.69
7 216.02 138.69
8 216.02 138.69
9 216.34 138.79
10 216.51 138.88
11 216.63 138.96
12 216.76 139.03
13 216.88 139.1
14 216.99 139.16
15 217.14 139.22
16 217.25 139.29
17 217.37 139.36
18 217.51 139.43
19 217.62 139.48
20 217.74 139.56
21 217.88 139.62
22 218 139.7
23 218.12 139.77
24 218.23 139.82
25 218.37 139.88
26 218.49 139.97
27 218.62 140.02
28 218.75 140.11
29 218.86 140.16
30 219 140.23
31 219.11 140.31
32 219.24 140.37
33 219.37 140.45
34 219.49 140.5
35 219.61 140.57
36 220.45 141.24
37 221.07 141.95
38 222.92 143
39 223.9 144.02
40 224.78 145.4
41 225.92 146.8
42 227.48 147.86
43 229.9 148.92
44 231.12 150.18
45 233.11 151.47
46 235.35 152.73
47 237.62 154.06
48 239.93 155.37
49 241.21 156.67
50 243.55 157.93
51 245.02 159.37
52 247.52 160.94
53 249.06 161.55
54 251.62 163
55 253.19 165.48
56 255.78 167.97
57 257.43 169.42
58 259.07 171.88
59 261.98 173.31
60 264.58 175.5
  • Rates are per thousand Sum Assured
  • Rates mentioned here are exclusive of service tax
Riders

You may enhance your protection under this Plan by opting for the following rider(s):

  • Bharti AXA Life Hospi Cash Rider (UIN:130B007V02): This rider allows payment of a fixed benefit for each day of hospitalisation. It also offers a fixed amount benefit if you are admitted in an Intensive Unit Care or a lump sum benefit in case of surgery.

  • 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.

  • Bharti AXA Life Accidental Death Benefit Rider(UIN:130B008V01): This is a non-linked and regular pay rider that provides 100% Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in force.

Please refer to the rider brochure for complete details on terms and conditions and exclusions before opting for the rider. Riders are optional and are available at an extra cost.

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