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Bharti AXA Life
Wealth Maximizer

Bharti AXA Life Wealth Maximizer

(UIN: 130L121V01)(ADVT No. II-Sept-2023-4999)
A Unit Linked, Non-participating Individual Life Insurance Plan

#LoyaltyAdditions #MultipleInvestmentStrategies #ReturnOfCharges

Why Choose Bharti AXA Life Wealth Maximizer?

Bharti AXA Life Wealth Maximizer provides different options and investment strategies to build a solid plan that can help you secure your and your family’s financial future.

  • Return of all charges applicable during premium payment term:  118% of all charges applicable during premium payment term such as mortality charges, premium allocation charges, fund management charges and policy administration charges are refunded back into the policy fund value.
  • Grow your wealth further with loyalty additions:  A percentage of fund value is added as loyalty additions subject to policy being in-force.
  • Multiple premium payment and policy term options to choose from: You have the flexibility to select the payment schedule and policy length that best suits your needs and preferences.
  • Multiple investment strategies to suit your financial needs:  The plan lets you choose from 2 investment strategies - Dynamic Fund Allocation and Systematic Transfer Plan along with multiple fund options basis the financial goals and risk-return potential.
  • Tax benefits:  You may avail the tax benefits on the premiums paid and the benefits received; subject to the prevailing tax laws. The tax benefits are subject to change as per change in tax laws from time to time.

Key Benefits

Return of Charges

Loyalty Additions

Multiple Premium Payment and Policy Terms

Multiple Investment Strategies

Tax Benefits*

How Does the Plan Work?

 

Bharti AXA Life Wealth Maximizer is a unit linked, non-participating individual life insurance plan that helps you keep your family’s future well protected while you aim at achieving your milestones.

 

Case Study

 

Mr. Bajpai, 35 years old, working as an AGM in a leading bank wants to save for his daughter’s education abroad in 15 years. He wants a flexible plan as well as a life cover in case of any unfortunate event. Mr. Bajpai wishes to pay a premium of Rs. 2,00,000 p.a. for a premium payment period of 7 years with a policy term of 15 years. To ensure he is adequately covered, the Sum Assured offered is 10 times of the premium paid. In case of an unfortunate death of Mr. Bajpai during the Policy Term, the minimum Death Benefit payable would be Rs. 20,00,000. Let us look at how Bharti AXA Life Wealth Maximizer, helps Mr. Bajpai fulfill his financial goals

Premium Payment Term

7 years

Premium

Rs. 2,00,000

Policy Term

15 years

Sum Assured

Rs. 20,00,000 (10 times the Premium)

Fund opted

Equity - Grow Money Plus Fund - 100%

Investment Strategy opted

Self-Managed

Fund Value on Maturity*

@4% p.a. Rate of Investment Return Rs. 19,40,139

8% p.a. Rate of Investment Return Rs. 30,20,195

*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.

Maximizer

In case of death of the Life Insured, in the 4th policy year, Death Benefit equal to higher of Sum Assured or Fund Value will be payable to the nominee.

Sum Assured

Rs. 20,00,000

Fund Value* as on date of death

@4% p.a. Rate of Investment Return 
Rs. 7,84,195

@8% p.a. Rate of Investment Return 
Rs. 8,64,506

Death Benefit

Death Benefit equal to Rs. 20,00,000 will be payable to the nominee.

*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.

Maximizer

Make your plan with ease

Pick your policy term

10 Years

Premium payment term of 5 years.

15 Years

Choose from premium payment term options of 5, 7, or 10 years

20 Years

Choose from premium payment term options of 5, 7, 10, or 15 years.

30 Years

Choose from premium payment term options of 5, 7, 10, or 15 years.

10 Years

Premium payment term of 5 years.

15 Years

Choose from premium payment term options of 5, 7, or 10 years

20 Years

Choose from premium payment term options of 5, 7, 10, or 15 years.

30 Years

Choose from premium payment term options of 5, 7, 10, or 15 years.

Now, add a rider

For added protection, the following rider can be availed by paying additional premium along with Bharti AXA Life Wealth Maximizer.

Bharti AXA Life Linked Complete Shield Rider (130A012V01):

Receive additional sum assured chosen under the rider in case of happening of a covered event.


Please refer to rider brochure for complete details on terms and conditions and exclusions before opting for the rider.

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.

Riders

A provision attached to a policy that adds benefits not available in the original policy or that changes the original policy.

Riders help the Policyholder in enhancing the insurance product to meet specific needs by adding protection benefits to the basic Insurance Plan at a lower additional cost.

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).

Disclaimer :

Unit Linked Life Insurance products are different from the traditional products and are subject to market risks.

The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

Bharti AXA Life Insurance Company Limited is only the name of the insurance company and Bharti AXA Life Wealth Maximizer (UIN:130L121V01) is only the name of the unit linked, non-participating individual life insurance plan and does not in any way indicate the quality of the contract, its future prospects or returns.

Please know the associated risk and applicable charges from your Insurance Advisor or the intermediary or the policy document issued by the insurance company.

The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns.

Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

* The tax benefits are subject to change as per change in tax laws from time to time.