Bharti AXA Life
Elite Advantage
(UIN: 130N060V08)(ADVT No. II-Sep-2024-5510)
A Non-Linked, Non-Participating, Life, Individual, Savings Product
#RegularReturns #MaturityBenefit#TaxBenefits
Why Choose Bharti AXA Life Elite Advantage?
A plan that offers Guaranteed Payouts# of 8.5% to 9.5% of Sum Assured on Maturity from the end of the policy term and 100% Sum Assured at Maturity^. It also provides comprehensive protection until the end of the policy term. With two benefits in one plan, now you don't have to compromise anymore.
- Guaranteed Benefits
Enjoy guaranteed benefits at regular intervals. A percentage of the Sum Assured on Maturity will be paid during the Maturity pay-out period as a guaranteed maturity benefit starting from the end of the Policy Term till the end of the 19th year. You can choose whether the Guaranteed pay-outs will be annual/semi-annual/quarterly. - Guaranteed Lump-sum Benefit
Enjoy Guaranteed lump sum benefit at Maturity. 100% of Sum Assured on Maturity is paid at the end of 20th year from the policy date. - Multiple Premium Payment Terms
You have the option to choose premium payment terms from 5, 7, and 12 years. - Tax Benefits
You can enjoy Tax benefits on the Premiums paid and pay-out benefits received. The Tax benefits fall under Income Tax Act, 1961. They are subject to change as per changes in tax laws from time to time. GST shall be applicable on premium as per the prevailing Tax Laws.
Key Benefits
Maturity Benefit
Death Benefit
Multiple Premium Payment Terms
Tax Benefits**
How Does the Product Work?
Make Your Plan with Ease
Pick Premium Payment Term
Choose one of the options, as per your financial goals.
5 years
Guaranteed Payout (End of year): End of 10th to end of 19th year
7 years
Guaranteed Payout (End of year): End of 12th to end of 19th year
12 years
Guaranteed Payout (End of year): End of 12th to end of 19th year
5 years
Guaranteed Payout (End of year): End of 10th to end of 19th year
7 years
Guaranteed Payout (End of year): End of 12th to end of 19th year
12 years
Guaranteed Payout (End of year): End of 12th to end of 19th year
Now, Add a Rider
You may enhance your protection under this Plan by opting for the following rider(s)
Bharti AXA Life Hospi Cash Rider (UIN:130B007V05):
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: 130B005V05):
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 Term Rider (UIN: 130B009V03):
Under this term rider the policyholder can increase the life insurance coverage for a nominal premium.
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.
Bharti AXA Life Non Linked Complete Shield Rider (UIN:130B011V02):
Receive additional sum assured chosen under the rider in case of happening of a covered event.
Insurance Jargon Explained
Maturity Benefit
It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.
Insurability
Insurability refers to all conditions pertaining to individuals seeking insurance; that affect their health, susceptibility to injury and life expectancy; an individual's risk profile.
Premium
The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).
Sum Assured
Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
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**Tax benefits are in accordance to the current tax laws that are subjected to change from time to time. GST shall be applicable on premium as per the prevailing Tax Laws.
#Provided the policy is in force, Guaranteed Payouts start after the policy term & depends upon Premium payment Term & premium band.
^Payouts at the end of Maturity Payout Period.