Bharti AXA Life
Saral Pension

A Single Premium Non-Linked Non-Participating Individual Immediate Annuity Plan

(UIN: 130N104V01)(ADVT No. II-Jun-2021-2887)
A Single Premium Non-Linked Non-Participating Individual Immediate Annuity Plan

#GuaranteedIncome#JointLifeOption #AnnuityOption

Why Choose Bharti AXA Life Saral Pension?

It is an immediate annuity plan to ensure that you live life at your own terms – even after your retirement. With its simple and easy-to-understand features and standardized options, this pension plan is the perfect immediate annuity plan for you.

  • Guaranteed Fixed Income for Whole Life

    Pay once (purchase price^) and get guaranteed fixed income (annuity) for your entire life.

  • Joint Life Option

    Extend the same benefit of guaranteed fixed income to your spouse. In case your spouse outlives you, he/she will receive the same annuity income for as long as he/she lives.

  • Multiple Annuity Pay-Out Frequencies

    Option to receive annuity income monthly, quarterly, half yearly or yearly to suit your need.

  • Return of Purchase Price^

    In case of death of the annuitant (or the last surviving annuitant in case of Joint life), 100% of the purchase price (excluding taxes) will be returned to the nominees or the legal heir of the annuitant.

  • Single Premium Payment

    Pay premium only once to purchase the annuity, post which you start receiving the benefits.

Key Benefits

Guaranteed Income

Joint Life Option

Single Premium Payment

Multiple Annuity Pay-out

How Does the Product Work?


Let’s take a look at this case study


Mohit is a 58-year-old salaried employee nearing his retirement. He wants to ensure that he and his wife, Swati, are not a financial burden on their children. For his financial independence, Mohit wants to ensure he gets regular monthly income for the rest of his life, even after retirement. He also wants to secure his wife in case he was to die before her. Mohit opts for Bharti AXA Life Saral Pension.


Case :

Mohit purchases Bharti AXA Life Saral Pension under the Option 2 - Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor. He opts for a monthly annuity pay-out of Rs. 6,380.78 for which he has to pay a one-time purchase price of Rs. 15,00,000.


One month after payment of his Purchase price, he would start receiving monthly annuity of Rs. 6,380.78 till as long as he lives. After his death, his wife would continue receiving monthly annuity of Rs. 6,380.78 for as long as she lives. On her death, her nominees or legal heirs would receive 100% of the purchase price^, i.e., Rs. 15,00,000 and the annuity would be terminated.


The above example is for offline illustration purpose only and prices stated are exclusive of tax.

Insurance Jargon Explained


A scheme under which a certain amount is paid at regular yearly/ half yearly/ quarterly/ monthly intervals.

Annuity Plans

These plans provide for a "pension" amount (or a mix of a lump sum amount and a pension) to be paid to the insured or his spouse. In the event of death of both of them during the policy period, a lump sum amount is paid to the next of kin.


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).

^Purchase price is defined as the amount paid by the policyholder to secure the benefits under the policy. The term Purchase Price and the Premium are used interchangeably in this document. Purchase Price does not include any taxes which are payable separately.