Bharti AXA Life Smart Jeevan(UIN 130N069V01)

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

  1^ST POLICY YEAR

• Finishes paying the annual premium

  12^TH POLICY YEAR

• At the end of the 12th year, he receives a Maturity Benefit of
  `.23,256

  END OF
  12^TH POLICY YEAR

100% pay back of premium will be exclusive of the taxes paid by the policyholder

Sad Demise

In case of Suraj’s demise, his family will receive a Death Benefit of `.3,00,000

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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:

• 11 times of Annualized Premium*
• 105% of all premiums paid
• Absolute amount assured to be paid on death equal to the Sum Assured under the policy
• Sum Assured on Maturity

* 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