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Bharti AXA Life Guaranteed Income Plan

(UIN:130N073V02)
(ADVT NO:II-Dec-2019-2004)

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.
Bharti Axa

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

Policy Term & Premium Payment Term

Policy Term

Premium Payment Term

15 years

8 years

19 years

10 years

23 years

12 years

29 years

15 years

 

Minimum age at entry

Policy Term

Age at Entry

15 years

3 years

19/23/29 years

91 days

The insurance cover will start immediately on policy commencement for all lives including minors.

Maximum age at entry

55 years for all Policy Terms

 

Maximum Age at Maturity

Policy Term

Age at Maturity

15 years

70 years

19 years

74 years

23 years

78 years

29 years

84 years

Minimum Sum Assured (₹)

25,000

Maximum Sum Assured (₹)

No Limit, subject to underwriting

 

Minimum Premium (₹)

Policy Term

Minimum Premium

15 years

₹ 7,167

19 years

₹ 5,370

23 years

₹ 4,259

29 years

₹ 3,375

Premium Payment Modes

Annual, semi- annual, quarterly* & monthly*

*Through auto pay only