Bharti AXA Life
Grow Wealth
(UIN: 130L088V04)(ADVT No. II-Sep-2020-2366)
A Unit Linked, Non-Participating Individual Life Insurance Plan
#FlexibleInvestment#LoyaltyAddition#TaxBenefits
Why Choose Bharti AXA Life Grow Wealth?
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.
- 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)
- Loyalty Additions
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
Multiple Fund Options to suit your investment needs and zero premium allocation charges. The plan lets you choose from 8 fund options basis the desired risk-return potential. Also, there is zero premium allocation charge.
- 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.
Key Benefits
Life Cover
Maturity Benefit
Death Benefit
Multiple Fund Options
Flexible Premium Payment Terms
Tax Benefits
How Does the Product Work?
Make Your Plan with Ease
Pick a Plan Option
Choose one of the options, as per your financial goals.
Single Life Option
Life coverage for one individual
Joint Life Option
Life coverage for two individuals under the policy
Single Life Option
Life coverage for one individual
Joint Life Option
Life coverage for two individuals under the policy
Now, add a rider
For added protection, the following riders can be availed by paying an additional premium along with Bharti AXA Life Grow Wealth:
Bharti AXA Life Linked Complete Shield Rider (UIN: 130A012V01):
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.
Loyalty Additions
The loyalty addition is given upon the maturity of the policy, and not before. It is a small percentage of the sum assured. Broadly speaking, loyalty addition is the difference between the performance of the insurance company and the guaranteed additions.
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 current tax laws that are subject to change from time to time.