<section class="blog">
<div class="blog-content">
<p>The <b>tax saving</b> matters are on the way now as both the salaried and non-salaried taxpayer will have to think for the <a href="https://www.bhartiaxa.com/be-smart/tax-savings" target="_blank" title="tax saving">tax saving</a> investment options for the upcoming financial year 2020-21. The tax saving matter is a very complicated picture to calculate for a person as it considers many aspects. Every year people are to get a reminder of the income tax, which is not very mesmerizing news in any way. However, every people in the world want to save the tax and have a dream to live in a tax-free country.</p>

<p>Many plans are rolling in the market for <a href="/term-insurance/term-insurance-tax-benefits" target="_blank" title="tax benefit">tax benefit</a> facilities. A person may choose the option for dividend or growth in them. The Income-tax Act was established in the year 1961. A National saving certificate is a much older one concerning investment for saving tax. The tax benefit could be taken every year if the same amount is invested. The salaried individual, an entrepreneur or the person earning from investments, has to pay the government tax. Chapter VI A under the Income-tax Act declare the ways how could a person can save on taxes.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">Dealing with the situation</h2>

<p>As the matter concerns paying of tax to your nation, it is also crucial to save it. As the present situation is quite sensitive concerning the economy. The priority is to save lives, but on the other hand, it is also required to keep running the economic activity as the people die due to starvation.</p>

<p>Policymakers must be prepared for the long-term challenges as the effect of the virus will not be for a short term. As it is said, everything has a positive side; also, the COVID-19 pandemic and lockdown have taught us that how one needs to plan rather than leave everything for the last minute.</p>

<h2 class="section-main-heading">Different Investor, Differ Gains</h2>

<p>There are different types of investors. If one is a high-risk investor and looking for high returns for the <a href="https://www.bhartiaxa.com/be-smart/tax-savings/income-tax-deduction-under-section-80c" target="_blank" title="Section 80C">Section 80C</a> tax benefits, you can consider investing a total of ₹1.5 lakh per year or above in Equity Linked <a href="https://www.bhartiaxa.com/be-smart/tax-savings/the-best-tax-saving-schemes-to-invest" target="_blank" title="Saving Schemes">Saving Schemes</a> (ELSS). This is a tax saving mutual fund scheme that can give multiple digit returns. In other words, you can avail of tax benefits in the short-term and earn good returns in the long-term.</p>

<p>If one is a medium risk-taking guy could keep one part of the investment in ELSS and another part in PPF. PPF gives a good tax-free amount of return.</p>

<p>And if anyone wants to avoid the risk, invest in PPF and fixed deposits as it will give a secure return in maturity.</p>

<p>The investment for the specific groups mentioned above can save a maximum of ₹46,800 on tax every year.</p>

<h2 class="section-main-heading">Term insurance a risk investment</h2>

<p>The <b>Term Insurance</b> plan works as an income for the family if the primary earner of the family dies. The most important part of a&nbsp;<a href="/term-insurance" target="_blank">term insurance plan</a>&nbsp;is that even financial consultants suggest taking a life cover even before investing in long-term goals. There is a misconception that only married people need insurance.</p>

<p><a href="/term-insurance/life-insurance-vs-term-insurance" target="_blank">Life insurance or term insurance</a> is a necessity for anyone who has financial dependents in the back. The misconception of insurance should be cleared as a person could also have old parents as a dependant, which also needs to get security. A person can save tax by buying term insurance, if the date of your policy's issue is either April 1, 2012, and later total premium should not be more than 10% of the capital sum assured and if date of your policy's issue is either March 31, 2012 or before total premium should not be more than 20% of the capital sum assured.</p>

<p>Term Plan is a type of pure protection plan that comes with assured life cover. But it does not have any maturity benefits. A person could avail tax-free benefit up to 1,50,000/- under 80C. Premium paid, and benefits return on death from term insurance is tax-free as well.</p>

<p>The National saving certificate is a much of primitive one in respect to investment for saving tax. The tax benefit could be taken every year if the same amount is invested. Interest on NSC is paid on maturity and is taxable as per the income tax slab of the individual. The interest earned on the certificates is also added back to the initial investment.</p>

<h2 class="section-main-heading">Insurance to rule the investment</h2>

<p>IRDA has directed the <a href="/" target="_blank">insurance companies&nbsp;</a>to provide a standard package for COVID insurance mandatorily. But it's also important to note that COVID-19 claims are not very high in number because a very low percentage of the population has a health insurance cover. Now, this is really a matter of concern.</p>

<p>As of now, it has become a necessity for COVID insurance for every person like the other primary needs. Apart from saving on the premium, it also saves tax on the return. It is still an advisable idea to consult a tax expert and make a decision because the benefits can vary in the situation. The main objective in concern to explore financial health at an individual level and country-level in India.</p>

<h2 class="section-main-heading">Security and Asset</h2>

<p>On the one hand, it is a security for the family. On the other hand, it is an asset for the family in the absence of prime bread earner. IRDA creates an environment that is customer friendly. A person should always keep his knowledge updated regarding the rules introduced by the Income Tax Act every year. The next important factor is to select the time frame. The time frame offered terms up to 35 or 40 years. Longer tenure means a higher premium and benefits.</p>

<p>Sukanya Samriddhi Yojana (SSY) is a deposit scheme for the girl child launched by the Government of India. The initiative is appreciable to save the girl child in the nation. This small deposit scheme is giving a good return indeed with an 8.4% rate of interest.</p>

<p>2020 will always be memorable as a year of disasters. It's seven months already, and still, the world is not getting over the crisis. It is noticeable that the number of positive cases is taking spike every day in a significant number.</p>

<p>The&nbsp;<b>term insurance</b>, fixed deposit, ELSS, and many more tax-saving opportunities are there, but it is crucial to identify the person's best plan concerning his financial condition. The high amount of sum could be assured at a minimal premium rate, which will give benefit under 80C.</p>

<p>Policyholders have not only <a href="https://www.bhartiaxa.com/savings-plans/tax-savings-child-insurance-plans" target="_blank" title="tax savings">tax savings</a> but also an exemption from tax on insurance. Considering the present scenario of the pandemic, it is moreover necessary to secure the family with the&nbsp;<b>term insurance</b>&nbsp;as well as <a href="/health-plans" target="_blank">health insurance</a>.</p>

<p>The insurance for a family is a need of every person now. People were seen taking loans for consumption rather than asset-building purposes. But now the scene is different minds of people are changing as it is necessary to build assets for the primary need rather for luxury.</p>

<p>In the present scenario of the pandemic, the necessity of improving the health sector came in focus, as well as the need for health insurance and term insurance comes in the center. As it is noted that very less number of insured people are there as in concern now the health insurance has come in focus to save the pocket of people.</p>

<h2 class="section-main-heading">Few tips to find the best child insurance plan-</h2>

<p>As we all know that a <a href="https://www.bhartiaxa.com/be-smart/child/importance-of-child-insurance-plans" target="_blank" title="child insurance plan">child insurance plan</a> is very important and every parent must invest in the same, in today's date there are hundreds of different child insurance plans in the market from which one can choose the best suiting their requirements. If you are planning to find one such plan for yourself as well, then here are the few tips which you should consider before you settle down to invest in the child insurance plan.</p>
</div>
</section>


<p>The&nbsp;<b>tax saving</b>&nbsp;matters are on the way now as both the salaried and non-salaried taxpayer will have to think for the&nbsp;<b>tax saving</b>&nbsp;investment options for the upcoming financial year 2020-21. The&nbsp;<b>tax saving</b>&nbsp;matter is a very complicated picture to calculate for a person as it considers many aspects. Every year people are to get a reminder of the income tax, which is not very mesmerizing news in any way. However, every people in the world want to save the tax and have a dream to live in a tax-free country.</p>


Tax Saving Tool

Insurance Emerging as Tax Saving Tool in India | Bharti AXA Life

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Life Insurance Policies are one of the best tax saving tools to avail an exemption under Section 80C of the Income Tax Act, 1961. Here are the ways to save income tax in India.

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tax savings, income tax savings, best tax saving tool

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Insurance Emerging As Tax Saving Tool

<section class="blog">
<div class="blog-content">
<p>Ever saw your parents saving some money or keeping a few bucks some of their earnings aside for the future?</p>

<p>We all have seen it, learnt it and even practised this fundamental habit from our parents since a young age. When it comes to investments, it is recommended that one starts as early as possible to enjoy maximum benefits. This applies to saving plans too. And, it is important to open and invest only in the best saving scheme to achieve both long-term and short-term objectives.</p>

<p>No matter the amount of money one earns, it is better to inculcate the habit of making multiple investments to create a corpus over time. However, with so many options available, it can be confusing to decide which investment to select. As we are talking about saving plans here, let’s understand what they are, how such plans help, and how to select the <a href="https://www.bhartiaxa.com/savings-plans" target="_blank">best saving plan</a>.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">What is a Saving Plan?</h2>

<p>Saving plans are a <a href="/life-insurance/types-of-life-insurance-policy" target="_blank" title="type of life insurance plan">type of life insurance plan</a> that allows people to save and accumulate funds over a period of time and help fulfil their future needs. Such plans are designed in a way that policyholders can inculcate a disciplined saving habit and earn substantial returns.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">Why Do You Need a Saving Plan?</h2>

<p>Saving plan enable you to secure your and your family's financial future by providing financial freedom. It provides financial security so that you can take calculated risks. It might be more difficult to pursue your passions such as starting a new venture, buying a house etc. if you don't have any savings.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">Benefits of Saving Plan</h2>

<p>Saving plan is preferred as the most appropriate choice for people who enjoy multiple savings and future-oriented opportunities. Some benefits of investing in a saving plan.</p>

<p><strong>Flexible And Customizable Options:</strong>Every person is unique, as are their life goals and priorities. Savings plans take into account these variations in saving goals and provide a range of customizable features that can be tailored to meet the distinctive requirements of each person.</p>

<p><strong>Save Taxes:</strong> Savings policies, offer the same tax advantages as most insurance plans. <a href="https://www.bhartiaxa.com/be-smart/tax-savings/income-tax-deduction-under-section-80c" target="_blank" title="Section 80C">Section 80C</a> of the Income Tax Act, in particular, allows a deduction of up to Rs 1.5 lakh from your <a href="https://www.bhartiaxa.com/pay-premium-online" target="_blank" title="premium payments">premium payments</a>.</p>

<p><strong>Financial Protection and Regular Payouts:</strong>Saving plans provide much-needed financial protection to your loved ones in the event of your unexpected death.</p>

<p><strong>Achieve Your Goals Successfully:</strong>Some saving plans are explicitly designed to help people and families achieve their most significant life goals. For example, a structured saving plan will assist you in saving money and achieving high educational goals for your children.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">The Right Way of Choosing the Best Saving Scheme?</h2>

<p>Amongst the many, saving plans are surely one of the best <a href="/investment-plans" target="_blank" title="investment plans">investment plans</a> in India as they are available in a wide range of schemes and variants. However, it's essential to first figure out your goals and investment preferences before determining the best saving scheme for your needs.</p>

<p>Make a list of your short- and long-term goals that will be aided by your investment in selecting the best saving plan.</p>

<p>Include important considerations including the unique features of the best saving scheme, versatility, and extra incentives.</p>

<p>If you are still not sure, consider these essential factors while investing in the best saving plan for yourself and your family-</p>

<h3 class="section-main-heading">Profile and Risk Capacity</h3>

<p>Determine your risk tolerance, to identify and select the best saving plan. Personal preferences and age are the two most important factors in determining how much risk an individual can tolerate.</p>

<h3 class="section-main-heading">Investment Tenure</h3>

<p>An important consideration when determining the right saving strategy is the time duration that you plan to save your money. There are a variety of savings plans available that offer investors long-term to medium-term investment option as well as tax-saving investment options.</p>

<h3 class="section-main-heading">Long-Term Objectives</h3>

<p>You must be clear about your intent for making the investment. If you know why you need to save up and have a clear goal in mind, you can explore plans that will help you fulfil this target. Besides, you will also enjoy significant <a href="/term-insurance/term-insurance-tax-benefits" target="_blank" title="tax benefits">tax benefits</a> for the same, if wherever applicable.</p>

<h3 class="section-main-heading">Adaptable Savings Plan</h3>

<p>You must choose a versatile investment strategy to achieve all of your long-term objectives. So that you'll be able to meet any unexpected short-term needs.</p>

<h3 class="section-main-heading">Costs of Various Savings Plans</h3>

<p>Perhaps the most significant consideration you need to make when choosing a savings plan is its cost. When choosing the ideal savings plan, you must have a thorough understanding of the charges and rates involved. Before you decide to buy a specific type of savings plan, carefully understand the terms and conditions, your personal requirements, and affordability to make an informed decision. After all, what will be the use of investing in a plan, if you cannot continue paying for it in the long run.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">The Way forward</h2>

<p>It's never too early to start a saving plan and set yourself on a path to achieve important life objectives. Saving plan is the most preferred choice for all age groups, as it helps you in achieving your life goals easily. But remember to review and assess your needs and objectives, before deciding on a savings strategy.</p>
</div>
</section>


<p>Ever saw your parents saving some money or keeping a few bucks some of their earnings aside for the future?</p>


Savings Plan

Saving plan is preferred as the most appropriate choice for people who enjoy savings for their future. Look into the benefits and understand to choose best savings plan.

Best saving Plan, saving plan, best saving scheme, best money saving plans

How to Select the Best Saving Plan?

<section class="blog">
<div class="blog-content">
<p>Millennials are becoming more aware and now better understand the value of making the right investments to achieve their financial goals. As a result, they are increasingly getting interested in different types of <a href="https://www.bhartiaxa.com/savings-plans" target="_blank">savings plans</a> to not only create a corpus but also inculcate the habit of disciplined savings.</p>

<p>When it comes to life insurance savings plan, it is wise to make investments that will provide high returns as quickly as possible while minimising the chance of losing the principal. This is why many individuals are on the lookout for top <a href="/investment-plans" target="_blank">investment plans</a> that will benefit them during times of emergency while posing minimal risk.</p>

<p>Unfortunately, no investment product offers both a high return and a low risk. In fact, risk and reward are inversely proportional. So, if you are confused among the different types of saving plans available from various insurers, read on.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">Income Plan</h2>

<p>You have a variety of options for investing your money. One method to do this is to broaden your asset portfolio. Investments in precious metals such as gold and silver, stock in firms that may or may not pay dividends to their shareholders, and real estate, as land is considered an asset in India, are examples. Another option is to use set saving plans specially created to assist you as an investor in obtaining your target return value within the confines of your established risk appetite and spending capacity.</p>

<p><strong>a) Long Term :</strong> <a href="https://www.bhartiaxa.com/be-smart/investments/long-term-investment-plan-and-options-for-better-finanance" target="_blank" title="Long-term investment plans">Long-term investment plans</a> allow you to put your money into anything for a longer length of time. Long-term investment plans have more risk elements than <a href="https://www.bhartiaxa.com/be-smart/investments/best-short-term-investment-plans" target="_blank" title="short-term investment plans">short-term investment plans</a>, but they also have bigger potential returns. However, by performing a thorough study prior to investing, these risks can be reduced. The following are the primary long-term plans:</p>

<h3 class="section-main-heading">Unit-Linked Insurance Plans (ULIPs)</h3>

<p>A <a href="/ulip-plans" target="_blank" title="ULIP">ULIP</a> is a hybrid plan that combines the advantages of both investment and insurance. This is an excellent choice for a long-term investor seeking a stable income stream.</p>

<h3 class="section-main-heading">Equity Linked Savings Scheme (ELSS)</h3>

<p>ELSS is considered the greatest Equity Mutual Funds long-term investment plan because these assets are qualified for tax exemption <a href="https://www.bhartiaxa.com/be-smart/tax-savings/income-tax-deduction-under-section-80c" target="_blank" title="under Section 80C">under Section 80C</a> if they are under 1.5 lakhs. Thus, it is the only mutual fund that is eligible for tax advantages.</p>

<h3 class="section-main-heading">National Pension Scheme (NPS)</h3>

<p>A government-backed system allows you to invest in assets such as debt and equity, with the profits from these investments determining your final pension amount.</p>

<h3 class="section-main-heading">Public Provident Fund (PPF)</h3>

<p>PPF is a post office savings scheme, and the returns you receive are tax-free. It's a good alternative for investors because it provides tax benefits and a stable rate of return while posing a little risk.</p>

<p><strong>b) Short Term :</strong> These are extremely liquid investment alternatives. You have the option of investing your funds for a shorter period of time. This can take anywhere from three months to three years. The most popular reasons for choosing short-term <a href="https://www.bhartiaxa.com/savings-plans/difference-between-savings-and-investment-plans" target="_blank" title="saving and investment strategies">saving and investment strategies</a> are financial security and wealth building for short-term financial goals.</p>

<p>The following are some of the best short-term investment schemes for saving money:</p>

<h3 class="section-main-heading">Debt Mutual Funds</h3>

<p>Investments in debt and money market securities are the safest type of mutual and debt funds. The risk is low, and returns can reach 10%, making it an excellent choice for a short-term investment.</p>

<h3 class="section-main-heading">Treasury Securities</h3>

<p>A treasury bill is a government-backed instrument with excellent liquidity. The risk is low, and the rewards are reasonable.</p>

<h3 class="section-main-heading">National Savings Certificate (NSC)</h3>

<p>The National Savings Certificate (NSC) is a government-backed, <a href="https://www.bhartiaxa.com/be-smart/tax-savings/the-best-tax-saving-schemes-to-invest" target="_blank" title="tax-saving">tax-saving</a>, short-term savings plan that may be obtained at any post office. An NSC is eligible for <a href="https://www.bhartiaxa.com/term-insurance/term-insurance-tax-benefits" target="_blank" title="tax benefits">tax benefits</a> under Section 80C of the Internal Revenue Code.</p>

<h3 class="section-main-heading">Large Cap Mutual Funds</h3>

<p>These are low-risk securities that invest in the market capitalization of your money. Your money is put into large-cap corporations for a three- to five-year period.</p>

<h3 class="section-main-heading">Recurring Deposits</h3>

<p>In contrast to fixed deposits, where a lump sum is invested, investors in a recurring deposit can make payments in the form of monthly instalments.</p>

<h3 class="section-main-heading">Post-Office Time Deposits</h3>

<p>Indian Post's Post-Office Time Deposits (POTD) is an investment plan. It is a popular short-term scheme with tenure options of one year, two years, three years, &amp; five years in rural and distant places. In many aspects, it resembles a bank fixed deposit.</p>

<h3 class="section-main-heading">Fixed Deposits in Banks</h3>

<p>Fixed deposits are a type of investment in which you deposit a specified amount with a bank for a certain period and get a specified percentage of that amount as interest in return.</p>

<p><strong>c) Deferred :</strong> A deferred compensation plan defers a portion of an employee's income to a future date, typically retirement. In this type of arrangement, the lump-sum owed to an employee is paid out on that date. Pensions, retirement programmes, and employee stock options are all examples of delayed compensation systems. Here are the two types of deferred compensation plans which you should know:</p>

<h3 class="section-main-heading">Qualified Deferred Compensation Plans</h3>

<p>The Employee Retirement Income Security Act is met by a qualified deferred compensation plan (ERISA). They must have contribution limitations, be non-discriminatory, open to any company employee, and helpful to everyone. They're also safer because they're kept in a trust account.</p>

<h2 class="section-main-heading">Non-Qualified Deferred Compensation Plans</h2>

<p>A non-qualified compensation plan is a contractual agreement between an employer and an employee. The corporation withholds a portion of the employee's pay, invests it, and then distributes it to the employee at a later date. Non-qualified plans have no contribution restrictions and might be limited to specific employees, such as senior executives.</p>

<h3 class="section-main-heading">Endowment Plan</h3>

<p>An endowment plan is a regular money-saving plan that helps create a corpus and provides assured maturity rewards and bonuses. The endowment policy is a type of insurance plan that combines <a href="/life-insurance" target="_blank" title="life insurance">life insurance</a> with the opportunity to build wealth via systematic savings. It is one of the best investment and money-saving choices available to those looking for insurance, investment, and savings plans.</p>

<h3 class="section-main-heading">Full-Endowments</h3>

<p>These plans, often known as with-profit <a href="/savings-plans/super-endowment-plan" target="_blank" title="Endowment plans">endowment plans</a>, offer you a sum assured at the end of the policy period. However, in the event of a misfortune within this time, the insurer will pay this sum to your nominee.</p>

<h3 class="section-main-heading">Low-cost Endowment</h3>

<p>This plan has a lower premium and allows you to save for future payments due after a set length of time. The main goal is to set up a fund within a certain time limit. This form of endowment can thus be used to fund loan repayments or specific life goals.</p>

<h3 class="section-main-heading">Non-profit endowment</h3>

<p>This policy pays you a lump sum amount at maturity or to your nominee in the event of an unfortunate event, whichever comes first. Because the insurer does not offer bonuses with such plans, the payout amount remains static.</p>

<h2 class="section-main-heading">Important Factors to Consider When Choosing Different Types of Savings Plans</h2>

<p>If you want to invest in life <a href="https://www.bhartiaxa.com/savings-plans/features-of-savings-insurance-plans" target="_blank" title="insurance savings plans">insurance savings plans</a>, here are three questions (and answers) to help decide.</p>

<h3 class="section-main-heading">1. Why Should I Use a Life Insurance Savings Plan?</h3>

<p>It is preferable to have a financial backup in place, than to have none at all. The main goal of a life insurance savings plan is to provide a structured and disciplined method of putting money away. If you are a natural saver, putting money in the bank as a form of investment would work for you. The funds from saving plans can be used during emergencies, or it can come in handy if you want to fulfil any future obligations such as down payment on house or cars, or children’s education.</p>

<p>A Life insurance savings plan offers extra incentives for those who plan to save for a long time (10 years or more).</p>

<h3 class="section-main-heading">2. How Do I Decide the Most Suitable Types of Saving Plans?</h3>

<p>Understand these factors to help you assess the most suitable type of saving plans.</p>

<ul>
	<li>Your Objective</li>
	<li>Risk Profile</li>
	<li>Liquidity</li>
	<li>Understanding the terms and conditions</li>
	<li>Review and diversify your profile</li>
</ul>
&nbsp;

<h2 class="section-main-heading">3. What is Your Reason for Starting a Particular Type of Life Insurance Savings Plan?</h2>

<p>Sometimes, people also opt for a life insurance savings plan solely to use it as a disciplined savings account. Many people prefer to invest in savings plan because they believe it is the safest way to save money. It provides a clear future obligation; fulfil short and long term goals, provides financial backup and much more.</p>

<h2 class="section-main-heading">The Way Forward</h2>

<p>We can’t control external factors such as inflation, or uncertain eventualities, but adequate savings will reassure you and trust that you will not lose money if you remain diligent all through. There is no one-size-fits-all solution when it comes to investments. However, it's essential to find out which investment is the best for you and your uniquely distinctive needs. So, choose wisely!</p>
</div>
</section>


<p>Millennials are becoming more aware and now better understand the value of making the right investments to achieve their financial goals. As a result, they are increasingly getting interested in different types of <a href="https://www.bhartiaxa.com/savings-plans" target="_blank">savings plans</a> to not only create a corpus but also inculcate the habit of disciplined savings.</p>


Types of savings plans

Saving Schemes in India:  Types & its Investment Options | Bharti AXA Life

Find the benefits of different types of Saving Schemes like ELSS, PPF, NPS, NSC, and many other Post Office Saving Schemes in India. Know more on types & interest rates!

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Looking for Guaranteed Returns or High Returns, Consider These Different Types of Saving Plans in 2021

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Dhan Varsha

Bharti AXA Life Dhan Varsha - Savings Plan - Life Insurance Plan

Bharti AXA Life Dhan Varsha - Non-Linked Limited Pay Participating Life Insurance Plan that provides you Guaranteed* Survival Benefits from the end of the 10th year onwards until Maturity to ensure your family is protected in case of an unfortunate event

<table>
	<thead>
		<tr>
			<td width="282">Parameter</td>
			<td width="282">Eligibility Criteria</td>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td width="282">Minimum Age<sup>#</sup>&nbsp;at entry</td>
			<td width="282">91 days</td>
		</tr>
		<tr>
			<td width="282">Maximum Age<sup>#</sup>&nbsp;at entry</td>
			<td width="282">55 years for Policy Term of 20 years<br />
			50 years for Policy Term of 25 years</td>
		</tr>
		<tr>
			<td width="282">Maximum Age<sup>#</sup>&nbsp;at Maturity entry</td>
			<td width="282">75 years</td>
		</tr>
		<tr>
			<td width="282">Premium Payment Term &amp; Policy Terrm</td>
			<td width="282"><br />
			10 years Premium Payment Term for 20 years Policy Term<br />
			15 years Premium Payment Term for 25 years Policy Term</td>
		</tr>
		<tr>
			<td width="282">Minimum Sum Assured (₹)</td>
			<td width="282">₹ 25,000</td>
		</tr>
		<tr>
			<td width="282">Maximum Sum Assured (₹)</td>
			<td width="282">No Limit, subject to underwriting</td>
		</tr>
		<tr>
			<td width="282">Minimum Premium (₹)</td>
			<td width="282"><br />
			₹ 3443 for Policy Term of 20 years<br />
			₹ 2515 for Policy Term of 25 years</td>
		</tr>
		<tr>
			<td width="282">Premium Payment Modes</td>
			<td width="282">Annual, semi- annual, quarterly* &amp; monthly*</td>
		</tr>
	</tbody>
</table>

<p>* Through auto pay only<br />
# - Age last birthday</p>


Who Can Buy?

<p><strong>1.Two Policy Term &amp; Premium payment term options:</strong>&nbsp;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</p>

<p><strong>2. Guaranteed* Survival Benefits:</strong>&nbsp;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</p>

<p><strong>3. Potential upside through Cash Bonuses:</strong>&nbsp;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.</p>

<p><strong>4. Life Insurance Benefit:</strong>&nbsp;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:</p>

<p>Where Sum Assured on Death is further defined as: The highest of</p>

<ul>
	<li>Sum Assured on Death</li>
	<li>105% of all premiums paid till the date of death</li>
	<li>10 times Annualized Premium<sup>#</sup></li>
	<li>Absolute amount assured to be paid on death equal to the Sum Assured under the policy</li>
	<li>Sum Assured on Maturity where the Sum Assured on Maturity is the Sum Assured under the policy</li>
</ul>

<p><strong>5. Maturity Benefit:</strong>&nbsp;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.</p>

<p><strong>6. Tax Benefits:</strong>&nbsp;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.</p>

<p>*Survival Benefit guaranteed subject to the policy being in force and all due premiums being paid</p>

<p>*Annualised Premium does not include taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.</p>


View Details

Premium Rates

<h5>You may enhance your protection under this Plan by opting for the following rider(s)</h5>

<ul>
	<li><b>Hospi Cash Rider:-&nbsp;</b>This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery. UIN: 130B007V04</li>
	<li><b>Accidental Death Benefit Rider:-&nbsp;</b>Under this rider you will receive additional Sum Assured as chosen in case of unfortunate event of death due to an accident. UIN: 130B008V02</li>
	<li><b>Premium Waiver Rider:-&nbsp;</b>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 incase Rider is taken by proposer). UIN: 130B005V04</li>
	<li><b>Bharti AXA Life Term Rider (UIN: 130B009V02):-&nbsp;</b>Under this rider the policyholder can increase the life insurance coverage for a nominal premium.&nbsp;<br />
	<br />
	Please refer 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.</li>
</ul>


Riders

Ask an Advisor

<p>A traditional non linked participating plan that offers you Non-Guaranteed Cash Bonuses from the 7th year, Guaranteed* Survival Benefits from the 10th year onwards, as well as a lump sum at the end of the Policy Term. All these while protecting your family's future.</p>


<ul>
	<li>Offers you Non-Guaranteed Cash Bonuses from the 7th year</li>
	<li>Guaranteed* Survival Benefits from the 10th year&nbsp;(as per the terms and conditions of the policy)</li>
	<li>100% of the sum assured payable as maturity benefit</li>
	<li>Flexible-Premium Paying Terms<br />
	*“Provided all due premiums have been paid and the policy is in force”</li>
</ul>


Bharti AXA Life Dhan Varsha

(UIN:130N070V04)
(ADVT NO:II-Dec-2019-1999)

4 Reasons to Buy

Plan Details

How it works?

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Sad Demise

Parameter	Eligibility Criteria
Minimum Age^# at entry	91 days
Maximum Age^# at entry	55 years for Policy Term of 20 years 50 years for Policy Term of 25 years
Maximum Age^# at Maturity entry	75 years
Premium Payment Term & Policy Terrm	10 years Premium Payment Term for 20 years Policy Term 15 years Premium Payment Term for 25 years Policy Term
Minimum Sum Assured (₹)	₹ 25,000
Maximum Sum Assured (₹)	No Limit, subject to underwriting
Minimum Premium (₹)	₹ 3443 for Policy Term of 20 years ₹ 2515 for Policy Term of 25 years
Premium Payment Modes	Annual, semi- annual, quarterly* & monthly*