Bharti AXA Life
Guaranteed Wealth Pro
(UIN: 130N107V03)(ADVT No. II-Dec-2022-4601)
A Non-Linked, Non-Participating Individual Savings Life Insurance Plan
#TheSmartThingToDo#MultipleIncomeOptions#SaveforFuture
Why Bharti AXA Life Guaranteed Wealth Pro is the right choice for you?
At Bharti AXA Life, we understand the importance of not only saving for the future but also ensuring that the future is safe in case of any unfortunate event. That is why we present to you Bharti AXA Life Guaranteed Wealth Pro - a Life Insurance plan that offers life insurance coverage along with an opportunity to save for your future. The product is designed to protect your family's financial security to ensure that they lead their lives comfortably without any financial worries, even in your absence.
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Guaranteed Financial Returns
The plan offers you Fully guaranteed benefits to help you save for your milestones, provided all due premiums have been paid and policy is in force.
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Secure your Financial Obligations
Fulfil your financial goals and obligations – whether for child needs (such as Education and Marriage), retirement, a holiday or just planning a supplementary income for your family.
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Flexibility to Choose the Payout Structure
Bharti AXA Life Guaranteed Wealth Pro offers you the option to choose from the Endowment as well as Income options. Both the options provide guaranteed benefits based on your personal choice and needs to that ensure you overcome even the most uncertain times.
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Multiple Income Options
The Income option gives you various options to choose from, viz. deferred income (which offers short-term, long-term and life-long income options post completion of premium payment term) as well as Early income (which offers you the choice of short-term and long-term income options beginning from the second policy year itself).
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Life Insurance Cover
The product offers life insurance cover for the financial security of your family and loved ones. Apart from the in-built cover, you can get added protection through additional rider(s) that can be taken with the policy. Please note that riders are not mandatory and available at an additional cost.
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Tax Benefits
You may be eligible for the tax benefits on the premiums paid along with the benefits received, subject to the prevailing tax laws. The tax benefits are subject to change as per change in Tax laws from time to time.
Do the Smart Thing with Bharti AXA Life
Key Benefits
Multiple Payout Options
Enhanced Protection
Tax Benefits
Flexibility in Policy Terms
Lifelong Income till age 100
Return of Premium1
How Does the Plan Exactly Work?
Following illustrative scenarios will help you understand different options offered by Bharti AXA Life Guaranteed Wealth Pro:
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.
Survival Benefit
1. Endowment Option
Upon survival of the Life Insured till the end of the Policy Term and provided the Policy is in- force and all due premiums have been paid Loyalty Additions accrued till the date of Maturity shall be payable as a lumpsum.
Loyalty Additions, defined as a percentage of Annualized Premium and varying by age, premium size and premium payment term / policy term chosen, shall accrue in the last four policy years (at the end of the Policy Year). Accrued Loyalty Additions are payable as lumpsum on death of the Life Insured, surrender and maturity.
Loyalty additions are not applicable in case of Single Pay Option.
Maturity Benefit
Upon survival of the Life Insured till the end of the Policy Term and provided the Policy is in-force all due premiums have been paid, maturity benefits are payable in lumpsum on the date of maturity in the following manner:
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Benefit Option |
Maturity Benefit |
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Endowment Option |
Sum Assured on Maturity is equal to the Sum Assured under the Policy. |
Death Cover
In case of death of the Life Insured during the Policy Term, provided the Policy is in-force and all due premiums till the date of death have been paid, Death Benefit will be payable to the Nominee immediately on death. On payment of death benefit to the nominee, the policy will terminate and no further benefits will be payable.
Death Benefit for the two Benefit Options available under the Plan is as follows :
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Benefit Option |
Death Benefit |
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Endowment Option |
Sum Assured on Death |
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Endowment Option |
Death Benefit is higher of: 1. Sum Assured on Death; plus accrued Loyalty Additions (if any) till the date of death 2. 105% of the total premiums paid# till date of death |
Where,
- Sum Assured on Death is defined as Sum Assured Multiple * Annualized Premium/ Single Premium (as applicable). The Sum Assured Multiple under the various options is as follows :
Option
Sum Assured Multiple
Endowment Option (Single Pay)
1.25 or 10 times as opted
Endowment Option (Limited Pay)
10.5
- #Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
- Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any
- Single Premium shall be the total Premium amount payable at inception, excluding applicable taxes, rider premiums, underwriting extra premiums, if any.
- The product does not offer any Loyalty Additions in case of Single Pay option.
Death during Grace Period
In case of the death of the life insured during the Grace Period, the death benefit after deducting the unpaid due premium shall be payable. The nominee will not have any rights or obligations except to receive the benefits under the policy.
Death During Lapse Status
In case of the death of the life insured while the policy is in lapse status, no benefit shall be payable and the policy shall terminate.
(For complete details of death and maturity benefits in each plan option, please refer to the Brochure carefully)
Make your plan with ease
Pick a plan option
Choose one of the options, as per your financial goals.
Endowment option
Offers lumpsum payment on maturity
- If you wish to save for a special life goal such as child’s higher education or marriage, buying a house etc.
- This option offers guaranteed lump sum returns on your hard-earned money.
Short Term Income
Income payable is the sum of Guaranteed Income & Loyalty Booster
Long Term Income
Income payable is the sum of Guaranteed Income & Loyalty Booster
Life Long Income
Income payable is the sum of Guaranteed Income & Loyalty Booster
Early Income
Income payable is the sum of Guaranteed Early Income, Guaranteed Income & Loyalty Booster
Long Term Early Income
Income payable is the sum of Guaranteed Early Income, Guaranteed Income & Loyalty Booster
Endowment option
Offers lumpsum payment on maturity
- If you wish to save for a special life goal such as child’s higher education or marriage, buying a house etc.
- This option offers guaranteed lump sum returns on your hard-earned money.
Short Term Income
Income payable is the sum of Guaranteed Income & Loyalty Booster
Upon survival of the life insured at the time of income payment provided the policy is in-force and all due premiums have been paid, the income payable under this option shall be the sum of Guaranteed Income & Loyalty Booster.
Guaranteed Income (defined as a % of Annualized Premiums) is the income payable during the Income Payout Period.
Loyalty Booster (defined as a % of Annualized Premiums) is the additional income payable during the Income Payout Period.
Long Term Income
Income payable is the sum of Guaranteed Income & Loyalty Booster
Upon survival of the life insured at the time of income payment provided the policy is in-force and all due premiums have been paid, the income payable under this option shall be the sum of Guaranteed Income & Loyalty Booster.
Guaranteed Income (defined as a % of Annualized Premiums) is the income payable during the Income Payout Period.
Loyalty Booster (defined as a % of Annualized Premiums) is the additional income payable during the Income Payout Period.
Life Long Income
Income payable is the sum of Guaranteed Income & Loyalty Booster
Upon survival of the life insured at the time of income payment provided the policy is in-force and all due premiums have been paid, the income payable under this option shall be the sum of Guaranteed Income & Loyalty Booster.
Guaranteed Income (defined as a % of Annualized Premiums) is the income payable during the Income Payout Period.
Loyalty Booster (defined as a % of Annualized Premiums) is the additional income payable during the Income Payout Period.
Early Income
Income payable is the sum of Guaranteed Early Income, Guaranteed Income & Loyalty Booster
Upon survival of the life insured at the time of income payment provided the policy is in-force and all due premiums have been paid, the benefits payable under this option shall be the sum of Guaranteed Early Income, Guaranteed Income, and Loyalty Booster.
Guaranteed Early Income (defined as a % of Annualized Premium) is payable starting from the beginning of the 2nd Policy Year (post payment of second year’s premium(s)), in line with the Guaranteed Early Income Payout Period.
Guaranteed Income (defined as a % of Annualized Premiums) is the income payable during the Income Payout Period.
Loyalty Booster (defined as a % of Annualized Premiums) is the additional income payable during the Income Payout Period.
Long Term Early Income
Income payable is the sum of Guaranteed Early Income, Guaranteed Income & Loyalty Booster
Upon survival of the life insured at the time of income payment provided the policy is in-force and all due premiums have been paid, the benefits payable under this option shall be the sum of Guaranteed Early Income, Guaranteed Income, and Loyalty Booster.
Guaranteed Early Income (defined as a % of Annualized Premium) is payable starting from the beginning of the 2nd Policy Year (post payment of second year’s premium(s)), in line with the Guaranteed Early Income Payout Period.
Guaranteed Income (defined as a % of Annualized Premiums) is the income payable during the Income Payout Period.
Loyalty Booster (defined as a % of Annualized Premiums) is the additional income payable during the Income Payout Period.
Now, add a rider
The Bharti AXA Life Guaranteed Wealth 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):
Under this rider the policyholder can increase the life insurance coverage for a nominal premium.
Bharti AXA Life Hospi Cash Rider (UIN: 130B007V04):
This rider allows payment of a fixed benefit for each day of hospitalization subject to maximum of 40 days per year and also provides lump sum benefit in case of surgery.
Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V02):
Receive additional sum assured as chosen under the rider in case of unfortunate event of death due to an accident.
Bharti AXA Life Premium Waiver Rider (UIN: 130B005V04):
Under this rider, in case the Life Insured is diagnosed from any of the 11 critical illnesses covered under the rider, the future premiums are waived off and the benefits under the policy will continue.
Bharti AXA Life Non Linked Complete Shield Rider (UIN: 130B011V01):
Receive additional sum assured chosen under the rider in case of happening of a covered event.
Your Questions Answered
How do I know my ideal Sum Assured?
The ideal income for your chosen Sum Assured is shown in the premium box. Depending on your income status you can either increase or decrease your Sum Assured.
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.
I do not have my policy details readily available with me either for Bharti AXA or for any other Insurance Company.
We suggest you save the data entered till now & collect the information requested for completing this information. Any non-disclosure can have a direct impact on your application.
Insurance Jargon Explained
Sum Assured
Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
Maturity Benefit
It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.
Coverage
The amount of protection provided to the Policyholder on the basis of premium amount and the terms of the policy.
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.
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#For 30 Year Old Male, Endowment Plan Option, online purchase of policy excluding underwriting extra premium & GST.
1Applicable for Life Long Income, Long Term Income and Long Term Early Income.
^As lumpsum payout at the end of 20th year.
*Terms and Conditions Apply.