Bharti AXA Life Child Advantage

(ADVT NO:II-Jul-2022-4079)

A Non-Linked Participating Individual Life Insurance Savings Plan

A traditional participating savings plan with an in-built Premium waiver benefit that offers you the flexibility to choose between 2 Maturity benefits – Money back and Endowment – depending on the needs and career goals of your child.

4 Reasons to Buy

  • Choose between pay-out optionsthat are based on your child’s needs – Money back or Endowment. a.)With the Money back option, you will get guaranteed pay-outs in the last 5 years before Maturity to meet your child’s education needs. At Maturity you will get guaranteed Maturity pay-out for your child’s higher education and career needs. b.) With the Endowment plan you will get a guaranteed lump sum amount at Maturity, provided the Policy is in force, to help meet your child’s dream.
  • Built-in Premium waiver benefit ensures that your child’s needs will be taken care of. If something unfortunate were to happen to the parent (Life Insured) the future Premiums are waived off while all the benefits in the policy continue.
  • Flexibility to choose your Policy Term – between 11 and 21 years. Based on your child’s age, you can choose a Policy Term between 11 to 21 years. Also choose the Premium payment type –‘limited pay’ where the Premium payment term is 5 years lesser than the Policy Term or ‘regular pay’ where the Premium payment term is equal to Policy Term.
  • Potential upside with bonus. Non-guaranteed annual simple reversionary bonus gets accrued to the policy at the end of each year provided all due Premiums are paid and is payable at Maturity. The company may also declare non-guaranteed terminal bonus that will be also be payable at Maturity.
Bharti Axa

Plan Details

How it works?

Let’s take a look at this case study

35 year old Karan has a 2 year old son Sahil, he chooses our Bharti AXA Life Child Advantage with Money Back option for a Sum Assured of ₹ 18,18,512. He pays an annual premium of ₹ 1,00,000 p.a. for 20 years.

  • Starts paying an  annual premium* of ₹ 1,00,000


  • Starts receiving guaranteed pay-outs of ₹ 1,81,851 each year


  • Then he receives guaranteed pay-outs of ₹ 2,72,777 each year


  • Next he receives guaranteed pay-out of ₹ 3,63,702


  • While Karan still continues paying an annual premium* of ₹ 1,00,000 throughout the entire premium payment term of 20 years


  • He also receives a lump sum maturity benefit : @8% p.a.₹  19,27,623# (Guaranteed ₹ 7,27,405 + Non-guaranteed accumulated bonus ₹  12,00,218#
    OR @4% p.a.  ₹  11,67,485# (Guaranteed ₹ 7,27,405 + Non-guaranteed accumulated bonus ₹  4,40,080#)


*Premium is exclusive of service tax

# 4% and 8% rates are used only for illustration purposes and are not guaranteed. The values represented with 4% & 8% are not the upper or lower limits of what one can expect from this policy, as it is dependent on number of factors including investment performance

Sad Demise

In case of Karan’s untimely demise, before the 20th Policy year, his son will receive ₹ 20,00,364 as life insurance benefit and all the future premiums will be waived off. Additionally, his son will receive all the remaining guaranteed pay-outs and lump sum maturity benefits.

Bharti AXA Life Guaranteed Wealth Pro
Invest Rs. 5,000#/Month for 10 years | Get Rs. 14,39,732^
Parameter Eligibility Criteria
Premium Type Regular Pay Limited Pay
Policy Term 11 to 21 years 11 to 21 years
Premium Payment Term Same as Policy Term Policy Term minus 5 years
Minimum age at entry (age last birthday) 18 Years 18 years
Maximum age at entry (age last birthday) 50 years 55 years
Maximum Maturity Age (age last birthday) 71 years for Regular pay 76 years for Limited pay
Minimum Sum Assured ₹ 25,000
Minimum Annualized Premium
Depends on the Minimum Sum Assured  
Premium Payment Modes Annual, Semi annual, Quarterly*, Monthly*

* Through Auto Pay only

#For 30 Year Old Male, Endowment Plan Option, online purchase of policy excluding underwriting extra premium & GST. ^As lumpsum payout at the end of 20th year.