TWIN BENEFITS WITH ONE SAVING PLAN
A comprehensive savings plan that not only protects your family, but also helps you meet your financial goals with guaranteed additions of up to 10% p.a. of cumulative premiums paid year-after-year.
Enjoy a lump sum benefit on Maturity .
Get 100% of your Sum Assured along with guaranteed additions, if all your premiums have been paid.
Receive guaranteed additions as high as 10% p.a. available as a percentage of cumulative premiums.
Receive guaranteed additions on Maturity, they are calculated as a percentage of each year's cumulative annualised premium. These guaranteed additions will be paid out either on death of the Life Insured or on Maturity of the policy.
Life cover along with guaranteed benefits.
Get the higher of base Sum Assured plus guaranteed additions on premiums paid or 10 times the base annualised premium or 105% of premiums, in case of the unfortunate event of death of the Life Insured.
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.
Let’s take a look at this case study
35 year old Saurabh chooses our Bharti AXA Life Secure Savings Plan to meet his future expenses. He pays an annual premium of `20,000 for 20 years for a Sum Assured of `2,30,468. He gets a guaranteed 10% addition of each year’s cumulative base premium.
Starts paying an annual base premium of `20,000 and receives `2000 as guaranteed additions (10% of cumulative base premium)
Continues paying base premium of `20,000. The cumulative premium is now `2,00,000 with `20,000 as guaranteed additions (10% of cumulative base premium)
Continues paying base premium of `20,000. The cumulative premium is now `4,00,000 with `40,000 as guaranteed additions (10% of cumulative base premium)
Gets maturity benefit of
`6,50,468 (100% Sum Assured i.e. `2,30,468 + guaranteed additions of `4,20,000)
In case of Saurabh's untimely demise before maturity of the plan, his family will get `2,30,468 as Sum Assured plus guaranteed additions accrued until that time. Total benefit received on death is `3,40,468
WHO CAN BUY?
|Minimum age at entry||3 years for 15 years Policy term
0 years for 20 years Policy term
|Maximum age at entry||55 years for 15 years Policy term
50 years for 20 years Policy term
What you will get?
Why choose this plan?
HERE ARE THE AGE WISE PREMIUM RATES
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 lumpsum 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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The insurance industry is getting digitally savvy giving policyholders the comfort of buying and managing their policy and that too at lower costs.
A regulatory clause makes it mandatory for life insurers to offer guaranteed returns to all its subscribers.