Bharti AXA Life Guaranteed Income Plan
(UIN:130N073V02)
(ADVT NO:II-Dec-2019-2004)
A savings plan that provides increasing income every year ensuring that the rising expenses are taken care of and Life Insurance coverage in case of an unfortunate event to keep your family covered even in the worst eventuality.
4 Reasons to Buy
- Flexibility in Policy Term/Premium Payment Terms: The product offers the choice of 4 policy terms with limited premium payment terms for the Policy Terms
- Increasing Survival Payouts: On Survival of the Life Assured till the end of the premium payment term, Survival Payouts are given as a percentage of ONE Annual Premium which increases every year at 10% of Annual Premium from the end of the premium payment term till one year before the end of the policy term
- Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then a Maturity benefit as a percentage of ONE Annual Premium is payable to the Policyholder on the date of maturity
- Tax benefits: You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.
Plan Details
How it works?
Let’s take a look at this case study
Sarthak is 35 years old married man and is currently working with an MNC. He purchases Bharti AXA Life Guaranteed Income Plan and invests Rs. 50,000 p.a. (exclusive of taxes) as Annualized Premium. He chooses a policy term of 23 years and premium payment term of 12 years.
Let us look at how Bharti AXA Life Guaranteed Income Plan helps Sarthak receive Survival Payouts over a period of years and fulfil his future goals
| Benefits Payable | End of Policy Year | Survival Payout as % of Annual Premium | Survival Payout |
| Survival Payout | 12th Year | 115% | ₹ 57,500 |
| 13th Year | 125% | ₹ 62,500 | |
| 14th Year | 135% | ₹ 67,500 | |
| 15th Year | 145% | ₹ 72,500 | |
| 16th Year | 155% | ₹ 77,500 | |
| 17th Year | 165% | ₹ 82,500 | |
| 18th Year | 175% | ₹ 87,500 | |
| 19th Year | 185% | ₹ 92,500 | |
| 20th Year | 195% | ₹ 97,500 | |
| 21st Year | 205% | ₹ 1,02,500 | |
| 22nd Year | 215% | ₹ 1,07,500 | |
| Maturity Benefit | 23rd Year | 225% | ₹ 1,12,500 |
Needs Met:
- Sarthak pays the premium for 12 years. After completion of the premium payment term, the Guaranteed Survival Payouts are given to Sarthak every year from the end of 12th year till the end of 22nd year
- He also receives Maturity benefit of Rs. 1,12,500 at the end of 23rd year.
Sad Demise
In case of Sarthak’s demise before Maturity of the Policy, his nominee would receive higher of ₹ 5,00,000 or 105% of all premiums paid as on date of death
| Parameter | Eligibility Criteria | ||||||||||
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Policy Term & Premium Payment Term |
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Minimum age at entry |
The insurance cover will start immediately on policy commencement for all lives including minors. |
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Maximum age at entry |
55 years for all Policy Terms |
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Maximum Age at Maturity |
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Minimum Sum Assured (₹) |
25,000 |
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Maximum Sum Assured (₹) |
No Limit, subject to underwriting |
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Minimum Premium (₹) |
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Premium Payment Modes |
Annual, semi- annual, quarterly* & monthly* |
*Through auto pay only
and 
used belong to the Bharti Enterprises (Holdings) Private Ltd. and AXA SA respectively and are used by Bharti AXA Life Insurance under license.