Why Do You Need Bharti AXA Life Ajeevan Sampatti+?
It is a non-linked participating individual life insurance savings product that ensures a worry-free life with guaranteed payouts and adequate protection.
- Whole Life Cover Plan
The product offers the choice of 3 premium payment terms of 7 years, 10 years and 15 years with life cover up to age 85 and 100 years as policy term.
- Guaranteed Annual Payouts
Receive Guaranteed Annual Payouts equal to 5.5% or 6% of the Sum Assured (depending upon the policy term chosen) from 10th Policy year onwards, until maturity or death whichever is earlier, provided the policy is in force.
- Maturity Benefit along with Cash Bonuses
The product also offers non-guaranteed cash bonuses and is paid out every year starting from the 6th Policy year until maturity or death whichever is earlier. At the time of Maturity, receive 100% of the Sum Assured as Maturity Benefit provided the policy is in force.
- 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.
Limited Pay Period
Guaranteed Annual Payouts
Life Insurance Benefit
How Does the Product Work?
Make Your Plan with Ease
Pick Premium Payment Term
Choose one of the options, as per your financial goals.
Now, Add a Rider
You may enhance your protection under this Plan by opting for the following rider(s)
Bharti AXA Life Hospi Cash Rider (UIN:130B007V04):
This rider allows payment of a fixed benefit for each day of hospitalisation. It also offers a fixed amount benefit if you are admitted in an Intensive Unit Care or a lump sum benefit in case of surgery.
Premium Waiver Rider (UIN: 130B005V04):
100% of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.
Bharti AXA Life Accidental Death Benefit Rider (UIN:130B008V02):
This is a non-linked and regular pay rider that provides 100% Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in-force.
Please refer to the rider brochure for complete details on terms and conditions and exclusions before opting for the rider. Riders are optional and are available at an extra cost.
Insurance Jargon Explained
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.
Insurability refers to all conditions pertaining to individuals seeking insurance; that affect their health, susceptibility to injury and life expectancy; an individual's risk profile.
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 is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
**Tax benefits are in accordance to the current tax laws that are subjected to change from time to time.