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.

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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	12^th Year	115%	₹ 57,500
	13^th Year	125%	₹ 62,500
	14^th Year	135%	₹ 67,500
	15^th Year	145%	₹ 72,500
	16^th Year	155%	₹ 77,500
	17^th Year	165%	₹ 82,500
	18^th Year	175%	₹ 87,500
	19^th Year	185%	₹ 92,500
	20^th Year	195%	₹ 97,500
	21^st Year	205%	₹ 1,02,500
	22^nd Year	215%	₹ 1,07,500
Maturity Benefit	23^rd 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

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