Bharti AXA Life
Future Invest Plan

Subject to the Policy being in force, the Life Insurance benefit payable under the product will be Higher of :

• Sum assured (net of partial withdrawals, made 12 months prior to death of the life insured)
• 105% of all premiums paid till the date of intimation of death (excluding underwriting extra)
• Policy Fund Value at that point in time

The Sum Assured will be calculated as per the table below :

In case of the death of the Life Insured during the grace period allowed for payment of due premium, the Death Benefit less the outstanding charges shall be payable.

Subject to the Policy being in force, the Policy Fund Value shall be payable to Policyholder on the Maturity Date. For the payment of Maturity Benefit, the Policy Fund Value is calculated with the respective Unit Prices of the relevant Investment Funds to which the premium/s have been allocated as on their Valuation Dates, coinciding with the Maturity Date of the Policy.

Policyholder shall be entitled to choose any one of the following options for claiming the Maturity Benefit :

• Lump sum payment of the Policy Fund Value; or
• Withdrawal of Maturity Benefit at regular intervals chosen by Policyholder during the Settlement Period.
• A combination of the above mentioned two options.

Policyholder is required to apply to the Company, in the specified form, intimating of the choice of the Maturity Benefit option, at least 90 days prior to the Maturity Date. The default option in case of non-receipt of such an application would be Option 1 as mentioned above.

In case of option 2 or 3, the inherent risk of fluctuating markets during the Settlement Period, in respect of Policy Fund Value, shall be borne by Policyholder and applicable Fund Management Charge and mortality charge will be levied.

We understand that you may have an urgent requirement for money from time to time. The partial withdrawal facility gives you the flexibility to withdraw money from your Policy Fund Value anytime after the completion of Lock-in Period of five policy years, subject to the Policy being in force. Each partial withdrawal should be a minimum of ` 1,000 and after withdrawal the Policy Fund Value should not be less than 120% of annualized premium. In a Policy Year You can request for maximum of 2 partial withdrawals that are free of charge, subject to the limit of minimum Partial Withdrawal and the minimum Policy Fund Value. Withdrawals more than 2 times in a Policy Year are not allowed.

You may be eligible for the tax benefits on the premiums paid along with the benefits received, subject to the prevailing provisions. The tax benefits are subject to change as per the change in tax laws from time to time.