Bharti AXA Life Elite Advantage(UIN 130N060V01)

A comprehensive savings plan with dual benefits of guaranteed pay-outs# of 8.5% to 9.5% from the end of your Policy Term and 100% Sum Assured at Maturity*!

#Provided the policy is in force, Guaranteed Payouts start after the policy term & depends upon Premium payment Term & premium band.
*Payouts at the end of Maturity Payout Period.

4 REASONS TO BUY

  • Enjoy guaranteed benefits at regular intervals.

    A percentage of the Sum Assured on Maturity will be paid during the Maturity pay-out period starting from the end of the Policy Term till the end of the 19th year. You can choose whether the guaranteed pay-outs will be annual/semi-annual/quarterly.

  • Enjoy guaranteed lump sum benefit at Maturity.

    100% of Sum Assured on Maturity is paid at the end of 20th year from the policy date.

  • Different Premium payment Terms to choose from.

    Premium payment Terms are 5, 7 and 12 years.

  • Receive 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.

Plan details

How it works?

Let’s take a look at this case study

35 year old Mohan chooses our Bharti AXA Life Elite Advantage to meet his future expenses such as his daughter’s higher education, marriage expenses etc., for a Sum Assured of `12,29,256. He pays an annual premium of `1,00,000 for 12 years.

  • Starts paying an annual premium of
    ` 1,00,000*
    every year

    1ST POLICY YEAR
  • Finishes paying an annual premium of
    `1,00,000*

    12TH POLICY YEAR
  • He receives a guaranteed pay-out of `1,16,779 annually (9.5% of sum assured at maturity)

    End of
    12TH POLICY YEAR
  • He continues to receive the maturity benefit in regular instalments from the end of the policy term till the end of the 19th year.

    19TH POLICY YEAR
  • He receives a lump sum amount of `12,29,256 at the end of the 20th year.

    20TH POLICY YEAR

*Premium is exclusive of service tax

Sad Demise

Sad Demise

In case of his demise before 12th Policy Year, his family will receive `12,29,256
In case of his sad demise during the 12th Policy Year, his family will receive `12,60,000

Who can buy?

WHO CAN BUY?

Parameter Eligibility Criteria
Minimum age at entry (age last birthday) 8 years for 10 years Policy Term
6 years for 12 year Policy Term
The risk coverage will start immediately on policy commencement for all lives including minors
Maximum age at entry (age last birthday) 65 years
Maximum Maturity Age(age last birthday) 75 years for 10 years Policy Term.
77 years for 12 year Policy Term
Minimum Sum Assured Depends on the minimum Premium.
Minimum Annualized Premium `24,000 for 5 years Premium payment Term
`15,000 for 7 years Premium payment Term
`12,000 for 12 years Premium payment Term
Policy Term 10 and 12 years.
Premium Payment Term 5 years for 10 years Policy Term.
7/12 years for 12 years Policy Term
Premium Payment Modes Annual,Semi Annual,Quarterly*,Monthly*
Maturity Payout Period End of 10th year till end of 20th year for 10 years Policy Term
End of 12th year till end of 20th year for 12 years Policy Term
Guaranteed Payout frequency Annual,Semi-annual,Quarterly
  • *Through auto pay only
View Details

VIEW DETAILS

A plan that offers Guaranteed Payouts# of 8.5% to 9.5% from the end of the policy term and 100% Sum Assured at Maturity*. It also provides comprehensive protection until the end of the policy term. With two benefits in one plan, now you don’t have to compromise anymore.

Basic Life Insurance Cover:

Get Higher of Sum Assured on Maturity or 11 times the base annualized Premium or 105% of premiums paid till date of death, in case of an unfortunate event of death of the life insured.

 

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

  • Guaranteed Payout:
    A percentage of Sum Assured on Maturity is paid during the Maturity payout period.
  • Sum Assured:
    100% of Sum Assured on Maturity is paid at the end of 20th year

The percentage of Guaranteed Payout depends upon the Policy Term, Premium Payment Term and the Premium Amount as mentioned below.

Premium Payment Term Guaranteed Payout (End of year) Annualised Premium(`) Guaranteed Payout as % of Sum Assured on Maturity
5 years End of 10th to end of 19 year 24,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%
7 years End of 12th to end of19 year 18,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%
12 years End of 12th to end of 19 year 12,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%

 

Option to choose Premium Payment term

There are three premium payment terms available. You can opt between a premium payment term of 5, 7 and 12 years. The Policy Term depends upon the premium term chosen.

Tax Benefits

You can avail the tax benefits on the premiums paid and on the benefits received subject to the prevailing provisions under Section 80C and Section 10 (10D) respectively of the Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.

# Provided the policy is in force, Guaranteed Payouts start after the policy term & depends upon premium payment term & premium band.
* Payable at the end of maturity

Premium rates

HERE ARE THE AGE WISE PREMIUM RATES

Age/PPT 5 years 7 years 12 years
6 124.05 79.87
7 124.05 79.87
8 207.81 124.11 79.90
9 207.9 124.16 79.93
10 207.99 124.21 79.95
11 208.08 124.27 79.98
12 208.17 124.32 80.01
13 208.26 124.38 80.04
14 208.35 124.43 80.07
15 208.44 124.48 80.1
16 208.53 124.54 80.13
17 208.62 124.59 80.16
18 208.78 124.67 80.21
19 208.93 124.76 80.26
20 209.08 124.85 80.31
21 209.23 124.94 80.36
22 209.38 125.03 80.41
23 209.53 125.12 80.46
24 209.68 125.21 80.5
25 209.84 125.3 80.55
26 210.08 125.44 80.63
27 210.32 125.59 80.71
28 210.57 125.73 80.79
29 210.81 125.87 80.87
30 211.05 126.02 80.95
31 211.3 126.16 81.03
32 211.54 126.31 81.11
33 211.79 126.45 81.19
34 212.03 126.6 81.27
35 212.28 126.75 81.35
36 213.21 127.29 81.65
37 214.14 127.85 81.95
38 215.07 128.39 82.25
39 216.01 128.94 82.55
40 216.95 129.5 82.86
41 217.9 130.06 83.16
42 218.85 130.63 83.47
43 219.81 131.19 83.78
44 220.77 131.75 84.09
45 221.73 132.32 84.4
46 222.71 132.9 84.71
47 223.68 133.47 85.02
48 224.66 134.05 85.33
49 225.65 134.62 85.65
50 226.64 135.21 85.96
51 227.8 135.89 86.34
52 228.97 136.58 86.71
53 230.14 137.28 87.08
54 231.32 137.96 87.46
55 232.51 138.67 87.83
56 233.7 139.37 88.21
57 234.9 140.08 88.59
58 236.11 140.79 88.98
59 237.33 141.5 89.36
60 238.55 142.22 89.75
61 239.78 142.94 90.13
62 241.01 143.67 90.52
63 242.26 144.4 90.91
64 243.51 145.13 91.31
65 244.76 145.87 91.7
  • Rates are per thousand Sum Assured
  • The above mentioned rates mentioned are Male life. Three years set back for female lives.
  • 3.Rates mentioned here are exclusive of service tax
Riders

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.

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.