Bharti AXA Life
Dhan Varsha
(UIN: 130N070V04)(ADVT No. II-Jul-2022-4072)
A Non-Linked Participating Individual Life Insurance Savings Plan
#FlexiblePremiumPayment#CashBonus#MaturityBenefit
Why Choose Bharti AXA Life Dhan Varsha?
Bharti AXA Life Dhan Varsha is a non-linked participating individual life insurance savings plan that provides you Guaranteed* Survival Benefits from the end of the 10th year onwards until Maturity (except in the policy year coinciding with maturity) and annual cash bonuses (if declared) from end of the 7th year onwards until maturity. It also provides life insurance benefit to ensure your family is secured and their needs are met at all times, in case of an unfortunate event.
*Survival Benefits guaranteed subject to policy being in force and all due premiums being paid.
- Dual Policy Term & Premium Payment Term Options
The product offers you the choice of two policy terms of 20 years and 25 years with premium payment terms of 10 years and 15 years respectively at inception of your policy. - Guaranteed Survival Benefits
The product assures Guaranteed Survival Benefits until Maturity (except in the policy year coinciding with maturity). Once you complete the 10th Policy year, you will start receiving the survival benefit up to one year before maturity or death of Life Insured, whichever is earlier, subject to policy being in force. The Guaranteed Survival Benefit will be 6% of Sum Assured. - Potential Cash Bonuses
The product also offers non-guaranteed cash bonuses (if declared) subject to the policy being in force. The Policy participates in the performance of the participating insurance fund and surplus is distributed as bonus. This Non-guaranteed benefit which is calculated as a percentage of Sum Assured is paid out as a cash bonus every year starting from the end of the 7th Policy year, until maturity or death, whichever is earlier. - Life Insurance
The product offers life insurance benefit which is paid out in case of the unfortunate event of death of life insured. - Tax Benefits
You may be eligible for tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws. The tax benefits are subject to change as per change in tax laws from time to time. - Maturity Benefit
Sum Assured on Maturity, which is the Sum Assured applicable under the Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in force.
Key Benefits
Maturity Benefit
Potential Cash Bonus
Dual Premium Payment Terms
Tax Benefits**
How Does the Product Work?
What Do You Gain from the Plan?
Two Policy Term & Premium Payment Term Options
The product offers you the choice of two Policy Terms of 20 years and 25 years with premium payment terms of 10 years and 15 years respectively at inception of your policy.
Guaranteed* Survival Benefits
The product assures Guaranteed* Survival Benefits until Maturity (except in the policy year coinciding with maturity). Once you complete the 10th Policy year, you will start receiving the survival benefit up to one year before maturity or death of Life Insured, whichever is earlier, subject to policy being in force. The Guaranteed Survival Benefit will be 6% of Sum Assured.
*Survival Benefits guaranteed subject to policy being in force and all due premiums being paid.
Potential upside through Cash Bonuses
The product also offers Non-Guaranteed Cash Bonuses (if any) subject to the policy being in force. The Policy participates in the performance of the participating insurance fund and surplus is distributed as bonus. This Non-guaranteed benefit which is calculated as a percentage of Sum Assured is paid out as a cash bonus every year starting from the end of the 7th Policy year, until maturity or death, whichever is earlier.
Life Insurance Benefit
The product offers Life Insurance benefit which is paid out in case of the unfortunate event of death of Life Insured and is the higher of the following:
- Sum Assured on Death
- 105% of all premiums paid till the date of death
Where Sum Assured on Death is further defined as:
The highest of
- 10 times Annualized Premium*
- Absolute amount assured to be paid on death equal to the Sum Assured under the policy
- Sum Assured on Maturity where the Sum Assured on Maturity is the Sum Assured under the policy
Maturity Benefit
Sum Assured on Maturity, which is the Sum Assured applicable under the Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in force.
*Annualized Premium does not include taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
Tax Benefits**
You may be eligible for tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws. The tax benefits are subject to change as per change in tax laws from time to time.
Make Your Plan with Ease
Pick Premium Payment Mode
Choose one of the options, as per your financial goals.
Monthly
0.0867 of Annualized Premium
Quarterly
0.26 of Annualized Premium
Semi-annual
0.51 of Annualized Premium
Monthly
0.0867 of Annualized Premium
Quarterly
0.26 of Annualized Premium
Semi-annual
0.51 of Annualized Premium
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 hospitalization and also provides lump sum benefit in case of surgery.
Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V02):
Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an accident.
Bharti AXA Life Premium Waiver Rider (UIN: 130B005V04):
Under this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness/Death or ATPD/both in case Rider is taken by proposer).
Bharti AXA Life Term Rider (UIN: 130B009V02):
Under this rider the policyholder can increase the life insurance coverage for a nominal premium.
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
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. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.
Insurability
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.
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).
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**Tax benefits are in accordance to the current tax laws that are subjected to change from time to time.