Empowering you to always look after your family
A plan that offers your family protection for 12 years at a nominal premium, should something unfortunate ever happen to you. At the end of the Policy Term, you would receive 100% of the premium you had invested.
Product with easy affordable premiums
The product offers 100% return of premiums paid till end of Policy Term as maturity benefit
Life Insurance cover to ensure that you are adequately protected
Ease of purchase as no lengthy underwriting procedures are involved. You can get insured by giving a declaration of good health.
Let’s take a look at this case study
Suraj (Healthy 30 year old male) wishes to purchase a life insurance product that does not require much investment but at the same time ensures that he will receive maximum benefits. We advise him to purchase Bharti AXA Life Smart Jeevan. With this product, all Suraj needs to do is invest a nominal amount every year for 12 years. At the end of the Policy Term which also is 12 years, he receives the entire premium that he has paid till the end of the Premium Payment Term.
Suraj purchases a Bharti AXA Life Smart Jeevan Policy with a Sum Assured of `300,000 for which he pays an annual premium (excluding service tax) of `. 1,938.
Starts paying an annual premium
of ` 1, 938
Finishes paying the annual premium
At the end of the 12th year, he receives a Maturity Benefit of
100% pay back of premium will be exclusive of the taxes paid by the policyholder
In case of Suraj’s demise, his family will receive a Death Benefit of `.3,00,000
WHO CAN BUY?
|Min entry age||18 years|
|Max entry age||50 years|
|Max Maturity age||62 years|
|Policy term||12 years|
|Premium Payment Term||12 years|
|Min Sum Assured||Rs. 50,000|
|Max Sum Assured||Rs. 500,000|
|Premium Payment Modes||Annual, Semi Annual, Quarterly*, Monthly*|
* Through auto pay only.
Benefits of the Plan:
Maturity Benefit: You will receive the Sum Assured on Maturity which would be equal to 100% of the premiums paid till end of the policy term subject to the policy being in force.
Life Insurance Benefit: In case of the unfortunate loss of life of the life insured, provided the policy is in force and all due premiums have been paid; the beneficiary/nominee would receive the Sum Assured on Death which will be the highest of the following:
* Annualized Premium does not include modal factors
#Tax Benefits: Tax benefits for the premiums paid and the benefits received as per the prevailing laws which are subject to change.
# Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time
HERE ARE THE AGE WISE PREMIUM RATES
|Age Band||Premium rate per 1000 Sum Assured|
|18 – 35||6.46|
|36 – 40||8.08|
|41 - 45||11.85|
|46 - 50||16.16|
Let us help you
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.