Bharti AXA Life Wealth Pro

(UIN:130L100V01)
(ADVT NO:II-Aug-2020-2309)

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

Give wings to your dreams with Bharti AXA Life Wealth Pro – An Individual Linked Life Insurance cum Savings Plan. This plan offers you a comprehensive financial solution that gives you a life cover up to 10 times of your premium and helps build wealth over the long term to ensure that you and your family fulfill all your aspirations.

4 Reasons to Buy

  • 1. Choose a Variant: The plan offers you two variants to choose from - 

    a) Growth Variant – In this Variant the policy term options available are 10, 15 and 20 years with multiple Premium Payment term options. 

    b) Legacy Variant – To provide a legacy fund to your loved ones we offer you Legacy variant which provides a life insurance coverage of 10 times the annualized premium throughout your policy term (99 years). 
     
  • Grow your wealth further with Wealth booster: A percentage of Fund Value is added as wealth booster subject to Policy being in-force. Wealth Boosters are available under both Growth and Legacy variants.
  • Multiple Investment Strategies to suit your investment needs: The plan lets you choose from 2 investment strategies - Dynamic Fund Allocation and Systematic Transfer Plan along with multiple fund options basis the investment 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.

Plan Details

How does the plan work?

Let’s take a look at this case study

Mr. Nair, 40 year old, working as a Director in a leading MNC wants to plan investments for his daughter’s wedding in 10 years as well as for his Retirement planning. He wants a flexible plan for and wants a life cover as well in case of any unfortunate event. He cannot decide between Growth Option and Legacy option, as available under the product. 

Mr. Nair wishes to pay a premium of Rs. 2,00,000 p.a. for a premium payment period of 10 years.

To ensure he is adequately covered, the Sum Assured offered under both Growth and Legacy option is 10 times of the premium paid. In case of an unfortunate death of Mr. Nair during the Policy Term, the minimum Death Benefit payable would be Rs. 20,00,000. 

Let’s see how the plan works and the benefits available under both the options to help him choose basis his goals.

Scenario 1: Let us look at how Bharti AXA Life Wealth Pro, Growth option helps Mr. Nair fulfill his investment goals

Premium Payment Term Regular Pay
Premium Rs. 2,00,000
Policy Term 10 years
Sum Assured Rs. 20,00,000 (10 times the Premium)
Policy Variant Growth
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. 22,09,532
@8% p.a. Rate of Investment Return 
Rs. 27,28,357

*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.

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. 7,55,559
@8% p.a. Rate of Investment Return 
Rs. 8,31,783
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. 

“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.”

Scenario 2: Let us look at how Bharti AXA Life Wealth Pro, Legacy options can help Mr. Nair fulfill his investment/ retirement goals as well

Premium Payment Term Limited Pay
Premium Rs. 2,00,000
Policy Term 59 years(99-40 years)
Premium Payment term 10 years
Sum Assured Rs. 20,00,000 (10 times the Premium)
Policy Variant Legacy
Fund opted Equity - Grow Money Plus Fund – 100%
Investment Strategy opted Self-Managed
Fund Value on Maturity* @4% p.a. Rate of Investment Return @8% p.a. Rate of Investment Return
Rs. 96,02,366 Rs. 7,60,57,257

*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. 

In case of death of the Life Insured, in the 9th policy year, Death Benefit equal to higher of Sum Assured or Fund Value (including Loyalty Additions) 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. 18,55,010
@8% p.a. Rate of Investment Return 
Rs. 22,63,889
Death Benefit Death Benefit equal to Fund Value as on date of death 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. 

“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.”

Depending on his goals, premium paying term Mr Nair can choose the Variant.

  Maturity Payout Minimum Death Benefit
  @8% p.a. Rate of Investment Return @4% p.a. Rate of Investment Return
Scenario 1 Rs. 27,28,357 Rs. 22,09,532 Rs. 20,00,000
Scenario 2 Rs. 7,60,57,257 Rs. 96,02,366 Rs. 20,00,000

The above Illustration is for Policy bought through offline channel.

“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.”

Parameter Eligibility
Minimum age at entry 
(Age Last Birthday)
Variant Policy Term Minimum Entry Age
Growth 10 years 8 years
15 years 3 years
20 years 0 years (91 days)
Legacy 99 minus Age at entry 0 years (91 days)
Maximum age at entry 
(Age Last Birthday)

For Growth Variant -

Variant Policy Term Maximum Entry Age
Growth 10 years 65 years
15 years 60 years
20 years 55 years

For Legacy Variant- -

Variant Policy Term Premium Payment Term Minimum Entry Age
Legacy 99 minus Age at entry 5 years 44 years
7 years 57 years
10 years 65 years
To Age 60 years 53 years
Maximum Maturity age 
(Age Last Birthday)
75 years for Growth Variant
99 years for Legacy Variant
Policy Term & Premium Payment Term

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

For Growth Variant -

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

For Legacy Variant -

 

Policy Term Premium Payment Term options
Single Pay 5 Years 7 Years 10 Years 60 Years - Entry Age
Upto age 99 years No Yes Yes Yes  Yes