Bharti AXA Life Grow Wealth

(UIN:130L088V03)
(ADVT NO:II-Sep-2020-2366)

In this policy, the investment risk in investment portfolio is borne by the policyholder.

A savings-oriented unit linked insurance plan that offers you multiple fund options to suit your investment needs with a life insurance cover and high interest investments to protect your family in case of any unfortunate event. It also provides additional benefits in the form of loyalty additions to ensure your money works as hard as you

5 Reasons to Buy

  • Flexibility in Investment Tenure The plan not only offers you multiple options to choose Investment duration of your desire but also offers you the flexibility on how you want to pay your premiums – either as a single payment or for a limited duration or for the entire policy term basis your investment needs.
  • Single Life/Joint Life Option The plan allows you the option to choose between Single Life (life coverage for one individual) and Joint Life Coverage (life coverage for two individuals under the policy)
  • Grow your wealth further with Loyalty Additions Subject to Policy being in-force, a percentage of Fund Value is added at the end of every Policy year from 6th Policy Year to end of Policy Term, making it a great wealth insurance option.
  • Multiple Fund Options to suit your investment needs and zero premium allocation charges The plan lets you choose from 7 fund options basis the desired risk-return potential. Also, there is zero premium allocation charge.
  • Tax benefits You may be eligible for tax benefits on the premiums paid and the benefits received subject to the prevailing provisions. The tax benefits are subject to change as per change in Tax laws from time to time.

Case Study 1:

Ajay, 35 years old, is the Managing Director of a leading MNC company. He has accumulated savings and is looking for an investment solution where he can invest those savings and get stable returns. He is also considering buying Life Insurance product to safeguard his family, in event of an unfortunate death.

Scenario 1: Let us look at how Bharti AXA Life Grow Wealth helps Ajay to fulfill his investment goals

Premium Payment Term Single Pay
Single Premium Rs. 1,60,00,000
Policy Term 10 years
Sum Assured Rs. 2,00,00,000 (1.25 times the Single Premium)
Fund opted Grow Money Plus Fund to get higher returns from his investment
Fund Value on Maturity* @4% Rate of Investment Return
Rs.2,10,10,303
@8% Rate of Investment Return
Rs. 3,06,70,169
  • Fund Value illustrated in the table is not guaranteed. 4% and 8% rate of investment returns are used only for illustration purposes and are not guaranteed.

Scenario 2: Let us look at how Bharti AXA Life Grow Wealth helps Ajay to fulfill his investment goals as well as safeguard his family’s future.

Premium Payment Term Single Pay
Single Premium Rs. 20,00,000
Policy Term 10 years
Sum Assured Rs. 2,00,00,000 (10 times the Single Premium)
Fund opted Grow Money Plus Fund to get higher returns from his investment
Fund Value on Maturity* @4% Rate of Investment Return
Rs. 23,60,614
@8% Rate of Investment Return
Rs.35,16,325
  • Fund Value illustrated in the table is not guaranteed. 4% and 8% rate of investment returns are used only for illustration purposes and are not guaranteed.
Needs met:

1) At the end of 10 years, he will receive Fund Value on Maturity – which will also include additional Loyalty Additions accumulated over the duration of the Policy.

2) In event of Ajay's death in both the above scenarios, his family will receive the higher of Sum Assured of Rs. 2 crores or Policy Fund Value (including Loyalty Additions) at the time of death or 105% of all premiums paid.

The above Illustration is for Policy bought through offline channel.

Case Study 2:

Mr Verma, 45 years old, is a professional working in leading MNC. He has accumulated savings and is looking for an investment solution where he can invest those savings and get stable returns. He is considering buying a Life Insurance product to safeguard his family, in event of an unfortunate death. He is also considering some alternative to insure his wife, Mrs Verma, a 35 year old homemaker.

Let us look at how Bharti AXA Life Grow Wealth – Joint Life Option helps Mr. Verma to fulfill his investment goals as well as insure his wife and safeguard his family’s future

Premium Payment Term Single Pay
Single Premium Rs. 25,00,000
Policy Term 20 years
Policy Type Joint Life
Sum Assured Rs. 31,25,000 (1.25 times the single premium for 1st Death)
Rs. 2,50,00,000 (10 times the single premium for 2nd Death)
Fund opted Grow Money Plus Fund to get higher returns from his investment
Fund Value on Maturity* @4% Rate of Investment Return
Rs. 42,67,966
@8% Rate of Investment Return
Rs. 92,06,948
  • Fund Value illustrated in the table is not guaranteed. 4% and 8% rate of investment returns are used only for illustration purposes and are not guaranteed.
Needs met:

1) At the end of 20 years, he will receive Fund Value on Maturity – which will also include additional Loyalty Additions accumulated over the duration of the Policy.

2) In event of Mr Verma’s death during the policy term, the Policy Fund Value (including any Loyalty Additions) will be set to higher of - 125% of single premium or existing Fund Value and Mrs. Verma; can continue the policy for remaining term. Mrs. Verma will be covered for 2.5 Crores, and in case of an unfortunate death during the policy term, nominee will receive death benefit.

The above Illustration is for Policy bought through offline channel.

Parameter Eligibility
Minimum age at entry (Age Last Birthday)
Policy Term Minimum Entry Age
5 years 13 years
10 years 8 years
15 years 3 years
20 years 0 years (91 days)

Under Joint Life Option inclusive of conditions above at least one of the two lives under Joint Life should be 18 years age last birthday on entry.

Maximum age at entry (Age Last Birthday)
Policy Term Maximum Entry Age
(For Single Life Option)
Minimum Entry Age
(For Joint Life Option)
5 years 64 years 70 years
10 years 60 years 70 years
15 years 55 years 70 years
20 years 50 years 64 years
Maximum Maturity age
(Age Last Birthday)
70 years for Single Life Option
85 years for Joint Life Option
Premium Modes Annual, Semi-Annual, Quarterly$ and Monthly$
Minimum Premium Minimum Premium varies by channel and premium payment option.

 

Channel\ Premium Payment Option Single Pay Limited/Regular Pay
Online Rs. 1,00,000 Rs. 26,000
Other than Online Rs. 1,50,000 Rs. 35,000
Maximum Premium No Limit, subject to Board Approved Underwriting Policy.
Minimum Sum Assured
Channel\ Premium Payment Option Single Pay Limited/Regular Pay
Online Rs. 1,25,000 Rs. 2,60,000
Other than Online Rs. 1,87,500 Rs. 3,50,000
Maximum Sum Assured No limit, Subject to Board Approved Underwriting Policy .
Policy Term & Premium Payment Term

The following Policy Terms and corresponding Premium Payment Terms (PPTs) are available under the product:

Policy Term options Premium Payment Term options
Single Life Option Joint Life Option
Single Pay 5 Years 7 Years 10 Years 15 Years 20 Years Single Pay
5 years Yes Yes No No No No Yes
10 years Yes Yes Yes Yes No No Yes
15 years Yes Yes Yes Yes Yes No Yes
20 years Yes Yes Yes Yes No Yes Yes

$ -Payable through ECS only