Why Choose Bharti AXA Life Elite Advantage?

A plan that offers Guaranteed Payouts# of 8.5% to 9.5% of Sum Assured on Maturity from the end of the policy term and 100% Sum Assured at Maturity^. It also provides comprehensive protection until the end of the policy term. With two benefits in one plan, now you don't have to compromise anymore.

 

  • Guaranteed Benefits
    Enjoy guaranteed benefits at regular intervals. A percentage of the Sum Assured on Maturity will be paid during the Maturity pay-out period as a guaranteed maturity benefit starting from the end of the Policy Term till the end of the 19th year. You can choose whether the Guaranteed pay-outs will be annual/semi-annual/quarterly.
  • Guaranteed Lump-sum Benefit
    Enjoy Guaranteed lump sum benefit at Maturity. 100% of Sum Assured on Maturity is paid at the end of 20th year from the policy date.
  • Multiple Premium Payment Terms
    You have the option to choose premium payment terms from 5, 7, and 12 years.
  • 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. GST shall be applicable on premium as per the prevailing Tax Laws.

Key Benefits

Maturity Benefit

Death Benefit

Multiple Premium Payment Terms

Tax Benefits**

How Does the Product Work?

 

Let’s take a look at this case study

35 year old Mohan is looking for an income protection plan he chooses our Bharti AXA Life Elite Advantage a savings plan with maturity benefits to meet his future expenses such as his daughter’s higher education, marriage expenses etc., for a Sum Assured of ₹ 11,87,648. He pays an annual premium of ₹ 1,00,000 for 12 years.

 

1st Policy Year

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

 

12th Policy Year

Finishes paying an annual premium of ₹ 1,00,000*

 

End of 12th Policy Year

He receives a Guaranteed pay-out of ₹ 1,12,827 annually (9.5% of sum assured at maturity)

 

19th Policy Year

He continues to receive the maturity benefit in regular instalments from the end of the policy term till the end of the 19th year.

 

He receives a lump sum amount of ₹ 11,87,648 at the end of the 20th year.

*Premium is exclusive of tax

 

Sad Demise

  • In case of his demise before 12th Policy Year, his family will receive ₹ 11,87,648
  • In case of his sad demise during the 12th Policy Year, his family will receive ₹ 12,60,000

What Do You Gain from the Plan?

Life Insurance Cover

Get higher of sum assured on maturity or 11 times the base annualized premium or 105% of premiums paid till date of death, in case of an unfortunate event of death of the life insured.

Maturity Benefit

In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder.

 

A percentage of Sum Assured on Maturity is paid during the Maturity payout period.

 

100% of Sum Assured on Maturity is paid at the end of 20th year

Guaranteed Payouts

 

The percentage of Guaranteed Payout depends upon the Policy Term, Premium Payment Term and the Premium Amount as mentioned below.

  • Guaranteed Payout
  • Sum Assured

 

Premium Payment Term Guaranteed Payout (End of year) Annualised Premium (₹) Guaranteed Payout as % of Sum Assured on Maturity
5 years End of 10th to end of 19th year 24,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%
7 years End of 12th to end of 19th year 15,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%
12 years End of 12th to end of 19th year 12,000- 49,999 8.5%
50,000- 99,999 9%
100,000 and above 9.5%

Multiple Premium Payment Term

There are three premium payment terms available. You can opt between a premium payment term of 5, 7, and 12 years. The policy term depends upon the premium term chosen.

Tax Benefits

You can avail the tax benefits on the premiums paid and, on the benefits, received subject to the prevailing provisions under Section 80C and Section 10 (10D) respectively of the Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time. GST shall be applicable on premium as per the prevailing Tax Laws.

Bharti AXA Life Guaranteed Wealth Pro
Invest Rs. 5,000#/Month for 10 years | Get Rs. 14,39,732^

Make Your Plan with Ease

Pick Premium Payment Term

Choose one of the options, as per your financial goals.

5 years

Guaranteed Payout (End of year): End of 10th to end of 19th year

7 years

Guaranteed Payout (End of year): End of 12th to end of 19th year

12 years

Guaranteed Payout (End of year): End of 12th to end of 19th year

5 years

Guaranteed Payout (End of year): End of 10th to end of 19th year

7 years

Guaranteed Payout (End of year): End of 12th to end of 19th year

12 years

Guaranteed Payout (End of year): End of 12th to end of 19th year

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.

Bharti AXA Life Term Rider (UIN: 130B009V02):

Under this term 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).

**Tax benefits are in accordance to the current tax laws that are subjected to change from time to time. GST shall be applicable on premium as per the prevailing Tax Laws.

 

#Provided the policy is in force, Guaranteed Payouts start after the policy term & depends upon Premium payment Term & premium band.

 

^Payouts at the end of Maturity Payout Period.