Bharti AXA Life Secure Savings Plan(UIN 130NO53V02)

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.

4 REASONS TO BUY

  • 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.

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MORE ON THE PLAN

How it works?

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)

    1ST POLICY YEAR
  • 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)

    10TH POLICY YEAR
  • 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)

    20TH POLICY YEAR
  • Gets maturity benefit of
    `6,50,468
    (100% Sum Assured i.e. `2,30,468 + guaranteed additions of `4,20,000)

    END OF
    20TH POLICY YEAR

Sad Demise

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?

WHO CAN BUY?

Parameter Eligibility
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
More Details

MORE DETAILS

What you will get?

  • A plan that provides the twin benefit of comprehensive protection and guaranteed additions of upto 10%
  • Guaranteed additions of up to 10% at the end of every year, payable on death of Life Insured or at maturity
  • Sum Assured along with Guaranteed additions is payable at maturity of the policy
  • Higher of 100% of Sum Assured plus guaranteed additions on the premiums paid or 105% of premiums paid till date of death (excluding any underwriting extra premium) or 10 times annualized premium is payable on the death of the Life Insured
  • You receive tax benefits under section 80C and 10(10D)

Why choose this plan?

  • You want to save regularly to meet any future financial goal
  • You want protection for your family in case of an unfortunate event
Premium Rates

HERE ARE THE AGE WISE PREMIUM RATES

Age Term 15 25
0 0 83.28
1 0 83.28
2 0 83.28
3 94.44 83.28
4 94.44 83.28
5 94.44 83.28
6 94.51 83.28
7 94.51 83.28
8 94.73 83.28
9 94.73 83.28
10 94.73 83.55
11 94.73 83.55
12 94.73 83.55
13 95 83.83
14 95 83.83
15 95 83.83
16 95 83.83
17 95 83.83
18 95.28 84.12
19 95.28 84.12
20 95.28 84.12
21 95.28 84.12
22 95.28 84.12
23 95.57 84.41
24 95.57 84.41
25 95.57 84.41
26 95.57 84.41
27 95.57 84.79
28 95.85 84.79
29 95.85 85.09
30 95.85 85.09
31 95.85 85.49
32 96.18 85.49
33 96.18 86.04
34 96.18 86.38
35 96.49 86.78
36 96.49 87.2
37 96.49 87.7
38 96.84 88.21
39 96.84 89.09
40 96.84 89.46
41 97.24 90.36
42 97.24 90.93
43 97.53 91.84
44 97.53 92.76
45 97.87 92.76
46 97.87 94.02
47 98.2 94.97
48 98.2 95.48
49 98.58 96
50 98.58 96.55
51 98.99 0
52 98.99 0
53 99.44 0
54 99.68 0
55 99.94 0
  • Rates are per thousand Sum Assured
  • Rates mentioned here are exclusive of service tax.(UIN - 130NO53V02)
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 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.

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.