Why Bharti AXA Life Secure InstaIncome Plan is right for you?
Bharti AXA Life Secure InstaIncome Plan is a non-linked, non-participating individual savings life insurance product. This product offers life insurance cover along with guaranteed income of upto 50%* of annualized premium immediately on policy issuance. This income will ensure you meet your immediate needs while also providing income for a longer term to achieve your financial goals. You can now enjoy instant returns, immediate liquidity, guaranteed regular income and the assurance of financial safety and long-term income.
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Financial Security
Comprehensive life cover to build a safety net for your family.
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Guaranteed Instant Income
Receive upto 50%* of your annual premium back as income as early as on policy issuance.^
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Guaranteed Returns
Receive guaranteed income# along with Loyalty Additions to cover everyday expenses like bills, school fees, and loan repayments.
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Tailored to Your Needs
Choose from 4 plan variants with diverse income options to perfectly align with your unique financial goals.
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Enhanced Protection
Strengthen your coverage with optional riders$
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Tax Benefits
As per prevailing tax laws
Key Benefits
Life cover
Instant income
Guaranteed returns
Product tailored to your needs
Enhanced protection through riders
How Does the Plan Exactly Work?
Following illustrative scenarios will help you understand different variants offered by Bharti AXA Life Secure InstaIncome Plan:
Make your plan with ease
Pick a plan option
Choose one of the options, as per your financial goals.
Immediate Income Booster
Receive an initial income payment on policy issuance*
Get Income Booster on issuance, Guaranteed Early Income, Guaranteed Income, Loyalty Income and Guaranteed Maturity benefit.
Guaranteed Early Income Payments
Enjoy income during premium payment term.
Consistent Guaranteed Income
Secure a reliable income stream post premium payment term.
Loyalty Income
Earn additional income along with Guaranteed Income as a valued customer.
Guaranteed Maturity Benefit
Receive a guaranteed lump sum payout on survival till policy maturity$*.
Immediate Income Booster
Receive an initial income payment on policy issuance*
Get Income Booster on issuance, Guaranteed Early Income, Guaranteed Income, Loyalty Income and Guaranteed Maturity benefit.
Guaranteed Early Income Payments
Enjoy income during premium payment term.
Get Guaranteed Early Income, Guaranteed Income, Loyalty Income and Guaranteed Maturity benefit.
Consistent Guaranteed Income
Secure a reliable income stream post premium payment term.
Get Guaranteed Early Income starting from the year you choose, Guaranteed Income & Loyalty Income
Loyalty Income
Earn additional income along with Guaranteed Income as a valued customer.
Get Guaranteed Early Income starting from the year you choose, Guaranteed Income, Loyalty Income & Guaranteed Maturity benefit.
Guaranteed Maturity Benefit
Receive a guaranteed lump sum payout on survival till policy maturity$*.
Now, add a rider
For added protection, the following riders can be availed by paying additional premium along with Bharti AXA Life Secure InstaIncome Plan.
Bharti AXA Life Hospi Cash Rider (UIN 130B007V05): :
This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.
Bharti AXA Life Premium Waiver Rider (UIN 130B005V05)::
Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.
Bharti AXA Life Term Rider (UIN 130B009V03): :
Under this rider the policyholder can increase the life insurance coverage for a nominal premium.
Bharti AXA Life Non-Linked Complete Shield Rider (UIN 130B011V02)::
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 showed 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 Life 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.
^For a health male aged 35, Variant 1; PPT 10 PT 30
Get Rs. 30,900 in the first year as income booster;
Rs. 14,100 as Guaranteed Early Income from end of 2nd year till the end of the 10th year
Rs. 14,100 as Guaranteed Income + Loyalty income from the end of the 11th year till the end of 30th year
Rs. 6,00,000 as Maturity Benefit at the end of the 30th year