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.
When you need a whole life cover up to age 100.
You can choose a policy term that will protect you until the age of 85 or 100.
Receive annual guaranteed benefit from end of 10th policy year till Maturity.
The percentage of the guaranteed annual pay-out depends on the policy term you have chosen; it is 5.5% of Sum Assured on maturity when you chose to protect yourself until the age of 100and 6% of Sum Assured on maturity when you chose to protect yourself until the age of 85.
Potential of upside bonus from end of 6th policy year.
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. You can also enjoy a discount on the premiums if you opt for a Sum Assured of Rs. 4,00,000 and above.
Enjoy Tax benefits on the premiums paid and pay-out benefits received.
The Tax benefits fall under Section 80C and Section 10 (10D) respectively, of the Income Tax Act, 1961. They 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 `5,00,000 with a coverage until he turns a 100 years. He pays an annual premium of `1,07,310 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
In case of Rahul’s demise, his family receives ` 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 (age last birthday)||100 or 85 years depending on the policy term chosen|
|Premium payment term options available||10 years & 15 years|
|Minimum Sum Assured on Maturity `||` 50,000|
|Minimum Premium `||Will depend on the minimum Sum Assured on Maturity|
|Premium Payment Modes||Annual, semi- annual, quarterly* & monthly*|
Guaranteed Annual Pay-out:
Guaranteed Payout will be paid to you starting from the end of 10th policy year till maturity or the Death of Life Insured whichever is earlier, subject to the 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|
Life Insurance 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 death of Life insured (applicable even in case of minor lives), subject to the policy being in force the Sum Assured payable on death will be higher of:
The death benefit payable shall be higher of Sum Assured payable on death or 105% of all premiums paid (excluding an underwriting extra premium).
In case of death during the Grace period, the Death Benefit after deducting the unpaid due premium shall be paid.
In case of death after the policy is converted into paid-up the Paid up value on death will be paid to the nominee.
In case the policy is Lapsed, no Death benefit is payable.
The Annualised Premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable)
Sum Assured on Maturity is paid if the Life Insured survives till the maturity of the Policy and the policy is in force.
On premiums is available on opting for Sum Assured of Rs 4,00,000 and above
For premiums paid under Sec 80C and Sec 10 (10D) and benefits received, are as per the prevailing tax laws which are subject to changes with change in tax laws.
HERE ARE THE AGE WISE PREMIUM RATES
|Age||10 Pay||15 Pay|
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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