Bharti AXA Life Samriddhi(UIN 130N061V01)

Take the first step towards saving with this non-linked, participating, Endowment savings plan. With regular savings you can build your own corpus that will help meet your aspirations. At Maturity, enjoy 100% Sum Assured on Maturity along with accrued non-guaranteed bonuses.

4 REASONS TO BUY

  • Enjoy a guaranteed lump sum benefit at Maturity.

    If the life insured survives till the Maturity of the Policy and all the Premiums are duly paid, then he will receive 100% of Sum Assured on Maturity.

  • Potential to receive additional earnings through bonuses.

    Enjoy accrued non-guaranteed annual simple reversionary bonus and non-guaranteed terminal bonus, if declared by the company.

  • Choose from eight different Premium payment Terms.

    Premium payment Terms are 5, 10, 12, 15, 20, 25, 30 and 35 years.

  • 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.

Plan details

How it works?

Let’s take a look at this case study

35 year old Abhay chooses our Bharti AXA Life Samriddhi to meet his retirement needs and pays `50,000 as annual premium for 25 years for a Sum Assured of `13,96,258. He enjoys a life cover for 25 years.

  • Starts paying an annual premium of `50,000*

    1ST POLICY YEAR
  • He continues to pay an annual premium of
    `50, 000*

    25TH POLICY YEAR
  • He receives a tax-free maturity benefit of
    `17,41,832
    (Sum Assured `13,96,258 + Bonus# `3,45,574) @ 4% p.a.

    At maturity he receives a tax-free maturity benefit of `27,59,355 (Sum Assured `13,96,258 + Bonus# `13,63,097) @ 8% p.a.

    END OF
    25TH POLICY YEAR

#Bonus includes Accrued Non-Guaranteed Simple Reversionary Bonus and Non-Guaranteed Terminal Bonus.
*Premium is exclusive of service tax

Sad Demise

Sad Demise

In case of his untimely death, Abhay’s family gets – Sum Assured on Maturity + bonus# Or 11 times annualised premium + bonus# Or 105% of the premiums paid; the policy will end after the payment of death benefit

Who can buy?

WHO CAN BUY?

Premium Payment Term Policy Term Minimum Age Maximum Age
5 Years 10 years 8 years 55 years
10 Years 10 years 8 years 55 years
12 Years 20 years 0 years 50 years
15 Years 15 years 3 years 55 years
20 Years 20 years 0 years 50 years
25 Years 25 years 0 years 50 years
30 Years 30 years 0 years 45 years
35 Years 35 years 0 years 45 years
View Details

VIEW DETAILS

Bharti AXA Life Samriddhi – a Non-linked, Participating, Endowment plan, that offers protection for your family’s financial future by providing an opportunity to participate in the profits of participating fund of the company by way of Non-Guaranteed bonuses payable to you at the time of maturity or in case of any eventuality

Life Insurance Cover for your family

In case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in force:

  • Basic Life Insurance Cover
  • Accrued Non-Guaranteed Annual Simple Reversionary Bonus
  • Non-Guaranteed Terminal Bonus

The Basic Life insurance cover will be the higher of:

  • Sum Assured on Maturity or
  • 11 times Annualised Premium

However, the death benefit payable shall never be lower than 105% of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

 

Receive Lump sum Payout at Maturity

At maturity of the policy (in case the Life Insured survives till the maturity of the Policy and all premiums are duly paid), you receive:

  • 100% of Sum Assured on Maturity
  • Accrued Non-Guaranteed Annual Simple Reversionary Bonus
  • Non Guaranteed Terminal Bonus

 

Potential to Receive Additional Earnings with Bonuses

The policy participates in the distribution of surplus or profits that may be declared by the Company. Non-Guaranteed Annual Simple Reversionary Bonus gets accrued to the policy at the end of each year provided all due premiums are paid. This accrued Non-Guaranteed Annual Simple Reversionary Bonus is paid out at the time of Maturity or on loss of life of Life Insured, whichever is earlier. The company may also declare Non-Guaranteed Terminal Bonus which is also payable along with Maturity Benefit or Death Benefit.

 

Eight Premium Payment Term options to choose from

You can choose from the following Premium Payment term options:

a. Limited Premium Payment Term option

  • Premium Payment Term of 5 or 12 Years with Policy Term of 10 and 20 years respectively

b. Regular Premium Payment Term option

  • Premium Payment Term options available are 10, 15, 20, 25, 30 and 35 years

 

Save Tax

You can avail the tax benefits on the premiums paid (subject to a maximum of rupee 1,50,000) 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

Premium rates

HERE ARE THE AGE WISE PREMIUM RATES

Age/PPT 5 years 10 years 12 years 15 years 20 years 25 years 30 years 35 years
0 - - 70.09 - 44 34.15 27.94 23.52
1 - - 70.09 - 44 34.15 27.94 23.52
2 - - 70.09 - 44 34.15 27.94 23.52
3 - - 70.09 60.5 44 34.15 27.94 23.52
4 - - 70.09 60.5 44 34.15 27.94 23.52
5 - - 70.09 60.5 44 34.15 27.94 23.52
6 - - 70.09 60.5 44 34.15 27.94 23.52
7 - - 70.09 60.5 44 34.15 27.94 23.52
8 181.82 93.6 70.09 60.5 44 34.15 27.94 23.52
9 181.82 93.6 70.09 60.5 44 34.15 27.94 23.52
10 181.82 93.6 70.09 60.5 44 34.15 27.94 23.52
11 181.94 93.62 70.17 60.53 44.04 34.2 27.99 23.57
12 182.06 93.63 70.25 60.58 44.1 34.24 28.03 23.61
13 182.18 93.66 70.33 60.63 44.13 34.29 28.08 23.65
14 182.29 93.7 70.41 60.67 44.19 34.34 28.12 23.7
15 182.41 93.75 70.49 60.71 44.24 34.38 28.17 23.74
16 182.52 93.77 70.57 60.75 44.28 34.45 28.24 23.81
17 182.64 93.79 70.67 60.79 44.31 34.52 28.3 23.88
18 182.75 93.82 70.77 60.89 44.37 34.59 28.37 23.95
19 182.87 93.85 70.88 60.94 44.42 34.66 28.44 24.01
20 182.98 93.86 70.98 61.01 44.48 34.73 28.51 24.08
21 183.1 93.91 71.07 61.06 44.51 34.8 28.58 24.15
22 183.22 93.96 71.17 61.11 44.58 34.87 28.65 24.22
23 183.33 93.99 71.26 61.16 44.65 34.94 28.72 24.29
24 183.45 94.01 71.35 61.21 44.73 35.01 28.79 24.35
25 183.56 94.08 71.44 61.25 44.8 35.08 28.85 24.42
26 183.68 94.19 71.53 61.29 44.85 35.13 28.91 24.47
27 183.8 94.21 71.62 61.35 44.91 35.19 28.96 24.53
28 183.91 94.25 71.7 61.39 44.97 35.25 29.02 24.59
29 184.03 94.29 71.79 61.53 45.04 35.32 29.09 24.65
30 184.15 94.33 71.87 61.6 45.11 35.39 29.16 24.72
31 184.27 94.38 71.95 61.66 45.19 35.46 29.23 24.79
32 184.39 94.42 72.13 61.73 45.27 35.54 29.31 24.87
33 184.51 94.47 72.32 61.77 45.36 35.63 29.4 24.96
34 184.63 94.55 72.52 61.79 45.45 35.72 29.48 25.04
35 184.75 94.65 72.52 61.81 45.55 35.81 29.58 25.14
36 185.19 95.08 73.43 62.24 45.79 36.05 29.98 25.54
37 185.63 95.53 74.34 62.66 46.04 36.29 30.45 25.94
38 186.07 95.98 75.25 63.1 46.28 36.53 30.92 26.67
39 187.51 96.43 76.19 63.53 46.53 36.78 31.91 27.4
40 188.95 96.88 77.13 63.97 46.98 37.25 32.92 29.3
41 189.41 97.4 78.27 64.47 47.43 37.73 33.95 30.2
42 190.85 97.93 79.33 64.97 47.88 38.22 35.01 31.12
43 192.3 98.45 80.4 65.48 48.34 38.71 36.1 32.06
44 193.75 98.98 81.55 65.99 48.8 39.2 36.63 33.14
45 195.42 100.07 82.7 67.05 49.39 40.64 37.1 34.66
46 197.66 100.62 83.87 67.6 50.43 41.44 - -
47 199.11 101.18 84.98 68.14 51.49 42.24 - -
48 200.56 101.35 86.06 68.68 52.57 43.15 - -
49 202.01 101.79 87.41 69.23 53.66 44.76 - -
50 204.45 101.99 88.76 69.84 54.77 46.45 - -
51 205.85 102.09 - 70.98 - - - -
52 207.69 102.7 - 71.84 - - - -
53 209.45 103.32 - 72.8 - - - -
54 211.74 103.95 - 73.87 - - - -
55 213.48 104.58 - 75.25 - - - -
  • Rates are per thousand Sum Assured
  • The above mentioned rates are for Male life. Three years set back for female lives.
  • 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

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Expert Review

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