Bharti AXA Life Guaranteed income plan(UIN: 130N073V01)
(ADVT II-Aug-2017-1550)

A savings plan that provides increasing income every year ensuring that the rising expenses are taken care of and Life Insurance coverage in case of an unfortunate event to keep your family covered even in the worst eventuality.

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 ONE 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 ONE 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 Guaranteed Income 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

Benefits Payable End of Policy Year Survival Payout as % of Annual Premium Survival Payout
Survival Payout 12th Year 115% Rs.  57,500
13th Year 125% Rs. 62,500
14th Year 135% Rs. 67,500
15th Year 145% Rs. 72,500
16th Year 155% Rs. 77,500
17th Year 165% Rs. 82,500
18th Year 175% Rs. 87,500
19th Year 185% Rs. 92,500
20th Year 195% Rs. 97,500
21st Year 205% Rs. 102,500
22nd Year 215% Rs. 107,500
Maturity Benefit 23rd Year 225% Rs. 112,500

Needs Met:

  • Sarthak pays the premium for 12 years. After completion of the premium payment term, the Guaranteed Survival Payouts are given to Sarthak every year from the end of 12th year till the end of 22nd year
  • He also receives Maturity benefit of Rs. 1,12,500 at the end of 23rd 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 25,000
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 ONE 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%
  • Subject to the policy being in force and all due premiums being paid

 

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 provided the policy is in-force and all due premiums till the date of death have been paid 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

Males - Policy Term - Band 1
Age/PPT 8 10 12 15
20 303.69 226.66 180.93 142.36
25 309.10 229.69 183.93 144.00
30 320.66 236.11 189.63 146.32
35 350.01 249.97 199.87 149.99
40 395.55 273.30 216.17 157.33
45 445.17 307.59 249.45 171.55
50 534.54 369.34 309.19 197.74
55 746.36 515.69 448.49 245.94
  • Premium rates are expressed as per’000 SA.
  • The above table is for male lives.
  • A 3 year setback will apply for female lives.
  • For sum assured greater than 250,000, a volume discount of 3% will apply.
Riders

RIDER

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

  • Bharti AXA Life Hospi Cash Rider:- This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery. UIN: 130B007V02

  • Bharti AXA Life Accidental Death Benefit Rider:- Under this rider you will receive additional Sum Assured as chosen in case of unfortunate event of death due to an accident. UIN: 130B008V01

  • Bharti AXA Life Premium Waiver Rider:- Under this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness/Death or ATPD/Both incase Rider is taken by proposer). UIN: 130B005V03

  • Bharti AXA Life Term Rider: Under this rider the policyholder can increase the Life Insurance coverage for a nominal premium. UIN: 130B009V01

Please refer 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.