Bharti AXA Life eAajeevan Sampatti+(UIN: 130N059V01)

An online, non-linked savings plan that offers you and your family with dual benefits of guaranteed annual pay-outs with cover up to 100 years of age. You can also enjoy additional (non-guaranteed) cash bonuses till Maturity.

4 REASONS TO BUY

  • When you are looking for a whole life cover plan up to the age of 100.

    Choose a Policy Term that will protect you until the age of 85 or 100.

  • Receive annual guaranteed pay-out from the end of the 10th policy year until Maturity.

    The percentage of the guaranteed annual pay-out depends on the Policy Term you have chosen; it is 6% of Sum Assured on Maturity when you chose to protect yourself until the age of 85 and 5.5% of Sum Assured on Maturity when you chose to protect yourself until the age of 100.

  • Potential upside through non-guaranteed bonus from the end of 6th Policy year.

    Non-guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the end of the 6thPolicy year, until Maturity or death, whichever is earlier.

  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received from this online plan.

    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.

Plan details

How it works?

Let’s take a look at this case study

30 year old Rahul chooses our Bharti AXA Life eAajeevan Sampatti+ for a Sum Assured of `5,00,000 with a coverage until he turns a 100 years. He pays an annual premium of `1,01,945 for 10 years.

  • Starts paying an annual premium of `1,01,945

    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 Rahul’s demise, his family receives `11,80,410 as life insurance benefit

Who can buy?

WHO CAN BUY?

Parameter Eligibility Criteria
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 (Rs.) ` 50,000
Maximum Sum Assured on Maturity (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*
  • * Through auto pay only
View Details

VIEW DETAILS

Lifelong Benefits

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:

  • Sum Assured on Maturity OR
  • 11 times Annualised Base Premium The base annualized premium paid will exclude any modal factors and underwriting extra.

 

Guaranteed Pay-out Benefit:

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 Pay-out 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:

  • Sum Assured on Maturity OR
  • 11 times Annualised Premium OR

The base Annualised Premium paid will exclude any modal factors and underwriting extra.

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.

The life insurance coverage starts immediately from issuance of the policy and is applicable to minor lives as well.

The Annualised Base premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable).

 

Cash Bonuses

This Policy also offers Non guaranteed cash bonuses subject to the policy being in force. 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.

 

DISCOUNT on opting Higher Sum Assured

You will be eligible to receive a discount on your premium rate if you opt for a Sum Assured n Maturity of Rs.4, 00,000 or more.

 

Tax Benefits

You may avail of 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.

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Riders

RIDERS

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

  • 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.

WHAT OTHERS SAY

Trends

The insurance industry is getting digitally savvy giving policyholders the comfort of buying and managing their policy and that too at lower costs.

Expert Review

A regulatory clause makes it mandatory for life insurers to offer guaranteed returns to all its subscribers.