Bharti AXA Life
Guaranteed Income Pro
(UIN: 130N101V02)(ADVT No. II-Jul-2022-4077)
A Non-Linked, Non-Participating Individual Life Insurance Savings Plan
#TheSmartThingToDo#TaxBenefits#GuaranteedReturns
Why Bharti AXA Life Guaranteed Income Pro is great for you
The Bharti AXA Guaranteed Income Pro plan gives you what you're looking for at affordable rates, and then there are other benefits that ensure your peace of mind through life's journey.
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Get all your premiums back
at the end of the payout period under Long Term Income and Deferred Income variants.
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Plan for an additional income
to have certainty for your long or short term goals.
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Gain from first year onwards
in the form of guaranteed yearly additions.
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Save and earn
and claim your tax benefit, and that's a smart thing always.
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Four options to choose from:
Endowment optiongiving a lump sum at maturity and guaranteed returns
Short Term Incomeoption ensuring a regular income after policy term
Long Term Incomeoption providing the comfort of a tax-free pension
Deferred Incomeoption giving tax-free pension and corpus back in the 25th year.
Key Benefits
Multiple Variants
Return of Premium
Enhanced Protection
Tax Benefits
Best in Class IRR
And how does the plan exactly work?
These illustrative life scenarios lay out several use cases to help you see how this life insurance plan works.
You gain at every stage
Tax Relief
You gain tax benefits on the premiums paid as well as the benefits received, as per the prevailing tax laws. To be noted that tax benefits are subject to change as per change in tax laws from time to time.
Maturity Benefits
Upon maturity of the policy and assuming that you have paid all premiums, you will get: Maturity Benefits = Sum Assured on Maturity + Accrued Guaranteed Additions
Death Cover
In the unforeseen and unfortunate event of death, your nominee will get the following benefits immediately, assuming you’ve been regularly paying all premiums and the policy is still in force.
Single Pay
Your nominee will get the sum assured, that is, the highest of the following:
- 1.25 times of a single premium for less than Rs 50,000;
- 10 times of a single premium for Rs 50,000 and more
- 105% of total premiums paid as on date of death
- Absolute amount assured to be paid on death equal to the sum assured.
Limited and Regular Pay
Your nominee will get the sum assured, that is, the highest of the following:
- 11 times of a single premium
- 105% of total premiums paid as on date of death
- Absolute amount assured to be paid on death equal to the sum assured.
In addition to the above, for the Limited and Regular Pay, the guaranteed additions accrued till the date of death shall also be payable as a lump sum. No guaranteed additions are applicable under single pay endowment variant.
Make your plan with ease
Pick a plan option
Choose one of the options, as per your financial goals.
Endowment option
At maturity, a lumpsum maturity benefit is payable.
Not only what you put in – through your policy term, your savings are being invisibly enhanced with a yearly accumulation of 10 percent of one annualized premium.
If you wish to save for a special goal, like a child’s higher education or marriage, a world tour, or buying a house.
You want the security of guaranteed returns on your hard-earned money.
Short Term Income
You get a regular income after policy term
Long Term Income
At the end of payout period, all the premium are paid back
Deferred Income option
Regular payments for a period of 25 years and all premiums paid back
Endowment option
At maturity, a lumpsum maturity benefit is payable.
Not only what you put in – through your policy term, your savings are being invisibly enhanced with a yearly accumulation of 10 percent of one annualized premium.
If you wish to save for a special goal, like a child’s higher education or marriage, a world tour, or buying a house.
You want the security of guaranteed returns on your hard-earned money.
Short Term Income
You get a regular income after policy term
After completion of the policy term, you get income for a payout period equal to the premium payment period. Like you never stopped getting a salary!
If you wish to supplement your earnings.
The future seems uncertain, and you would like to ensure the financial security of your loved ones.
Long Term Income
At the end of payout period, all the premium are paid back
You get paid for an income payout period of 25 or 30 years, after completion of the policy term.
If you are a life-stage when you want the comfort of a tax-free pension.
You need to safeguard your future and the future of your loved ones as your earning capacity declines.
Deferred Income option
Regular payments for a period of 25 years and all premiums paid back
There’s a period of rest or deferment of 5 to 10 years from the end of the premium payment term to the end of the policy term. Thereafter, you get regular payments for an income payout period of 25 years.
You want peace of mind after you have retired, by having a second income or a tax-free pension.
You would like to get back your corpus after the 25th year for any of your life goals.
Now, add a rider
The Bharti AXA Guaranteed Income Pro makes you feel good about life insurance.
The plan offers you the provision to buy additional peace of mind.
Bharti AXA Life Term Rider (UIN: 130B009V02):
The policyholder can increase the life insurance coverage for a nominal premium.
Bharti AXA Life Hospi Cash Rider (UIN: 130B007V04):
This allows payment of a fixed benefit for each day of hospitalization, subject to maximum of 40 days per year, and also provides a lumpsum benefit in case of surgery.
Bharti AXA Life Premium Waiver Rider (UIN: 130B005V04):
In case the policyholder is diagnosed to be suffering from any of 13 critical illnesses covered under the rider, future premiums are waived off and the benefits under the policy will continue.
Your Questions Answered
What will be the difference if I take the policy from an aggregator?
There is no difference. Web aggregators just advertise the benefits of Bharti AXA Life products on their website. All applications for purchasing the policy are directly routed to the Bharti AXA Life website. A customer cannot directly purchase the policy from an aggregator.
Can I get a copy of my medical test reports?
Yes, you can get a copy of the medical report except for the FMR (Full Medical Report). As FMR is not shared as per company guidelines.
I am a self-employed person and do not work for any organisation. What details should be entered in employment section?
Please enter your Proprietorship/ Partnership & provide us the number of years for which you are active in your business. Giving correct details is very important.
What Bharti AXA stands for
Bharti AXA Life – Guaranteed Income Pro TVC
Bharti AXA Life Guaranteed Income Pro Dream Home
Choose Certainty with Bharti AXA Life Guaranteed Income Pro
Insurance Jargon Explained
Non-participating policy
An insurance plan under which all the benefits are guaranteed at the beginning, regardless of the actual investment performance.
Endowment plan
An insurance policy which provides a lump sum amount on a fixed date, either maturity of the policy or upon the death of the life insured, whichever occurs earlier.
Rider
A provision attached to a policy that adds benefits not available in the original policy or that changes the original policy.
Riders help the Policyholder in enhancing the insurance product to meet specific needs by adding protection benefits to the basic Insurance Plan at a lower additional cost. For example, Bharti AXA Life Hospi cash rider provides fixed per day cash benefit to the Policyholder for each day of hospitalisation, thus providing benefits of a health plan along with base Life Insurance plan.
Income payout
The money paid to the policyholder as regular income at the end of the policy term.
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We have more articles and updates. Be assured that you that you have made the right choice with Bharti AXA Guaranteed Income Pro, in order to have certainty for your life goals.
2:38 Min Read Time | November 11, 2020
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2:05 Min Read Time | August 05, 2021
#For 30 Year Old Male, Endowment Plan Option, online purchase of policy excluding underwriting extra premium & GST. ^As lumpsum payout at the end of 20th year.