Bharti AXA Life Guaranteed Income Pro

(UIN: 130N101V01) (ADVT No. II-Jul-2021-2970 )
A Non-Linked, Non-Participating Individual Life Insurance Savings Plan

baner-image-mobile
#TheSmartThingToDo#TaxBenefits#GuaranteedReturns
baner-image

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.

  • Get back what you pay

    in premiums at the end of policy term.

  • Plan for an additional income

    to have certainty for your long or short term goals.

  • Gain from first year onwards

    in the form of guaranteed yearly additions.

  • Save and earn

    and claim your tax benefit, and that's a smart thing always.

  • Four options to choose from:
    Endowment option

    giving a lump sum at maturity and guaranteed returns

    Short Term Income

    option ensuring a regular income after policy term

    Long Term Income

    option providing the comfort of a tax-free pension

    Deferred Income

    option 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

What Our Customers Say

alt text

Website journey was very simple and user friendly, Adviser has advised very nicely in simple manner. Advise to purchase a dual benefit plan(Shinnin...

Sunayana Verma

Mumbai | May 11, 2021

alt text

It has been a wonderful 14 years journey with Bharti AXA Life till now with full of extra-ordinary learning and growth opportunities along with som...

Kamleshwar Prasad

Jun 28, 2021

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.

 

Scenario

 

35-year-old Siddharth decides to purchase Bharti AXA Life Guaranteed Income Pro, Endowment option, because he wants a lumpsum benefit at maturity.

 

Policy term: 24 years

Premium payment term: 12 years

Annual premium: Rs. 50,000 (exclusive of taxes, rider premiums, underwriting extra premiums, if any).

Sum assured throughout the policy term: Rs 13,81,215.

 

The below cases illustrate the benefits that Siddharth would receive in this Endowment option.

 

Case I 

 

From the 1st policy year, Guaranteed Additions (Rs 5,000) of 10% of one annualized premium would be accrued at the end of each policy year till the end of the policy term. Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years. At maturity, a lumpsum Maturity Benefit is payable.

Total premium paid (Rs)

6,00,000

Benefits payable

Benefits Amount (Rs)

Accrued guaranteed additions

1,20,000

Sum assured

13,81,215

Maturity Benefit at end of 24th year

15,01,215

 

Case II (Death during Policy Term)

 

In the event of Siddharth’s death during the policy term in the 10th year, the death benefit would be sum assured on death plus the accrued guaranteed additions till the date of death. His family would receive a death benefit of Rs 14,26,215.

 

Case III (Death after Policy Term and during Income Payout Period)

 

In the event of Siddharth’s death after the policy term, his nominee shall continue receiving income till the end of the payout period. Suppose Siddharth’s death occurs during the 15th year, his nominee shall continue receiving Income of Rs. 1,04,650 as was chosen, till the end of the payout period.
The nominee shall have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.

 

The above example is for offline illustration purpose only.

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.

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.

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.

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.

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. 

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.

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:

The policyholder can increase the life insurance coverage for a nominal premium.

Bharti AXA Life Hospi Cash Rider:

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 Accidental Death:

The policyholder can get an additional sum assured as chosen under the rider, in case of the unfortunate event of death due to an accident.

Bharti AXA Life Premium Waiver Rider:

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 Flexi Term product 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

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.

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

alt image

Bharti AXA Life GIP - College Education

alt image

Bharti AXA Life GIP - Retirement Plan

alt image

Bharti AXA Life GIP - Savings Plan

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.

You might find these useful

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.

Income Tax Deduction Under Section 80C

In some cases, the government offers income tax rebates that are very beneficial for the public in the lower-income group. Tax planning is a very much important feature of financial planning. Numer...

2:41 Min Read Time

Add on Benefits that are a Must While Buying a Long Term Insurance Plan

When it comes to choosing a right long term insurance plan there are so many things which a person should consider such as their finances, how long does he/she want to invest, what are the added be...

2:55 Min Read Time

How to Get Better Returns on ULIP

undefined...

2:35 Min Read Time