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Bharti AXA Life Monthly Income Plan+

(UIN:130N057V02)
(ADVT NO:II-Dec-2019-1998)

A savings plan that offers you guaranteed monthly income with the upside of non-guaranteed bonuses, along with protection for your family in case of an unfortunate event.

4 Reasons to Buy

  • Benefits in the form of Monthly income after completion of Premium payment term. Start receiving guaranteed Monthly income after the completion of the Premium payment term, until Maturity, provided the policy is still in force. You have the flexibility to choose the Monthly income you wish to receive, which decides your Premium amount.
  • Potential of upside bonuses. A non-guaranteed simple annual reversionary bonus gets accrued to the Policy from the end of 1st Policy year and will get paid out on Maturity or on death. You may also receive non-guaranteed terminal bonus either on death or Maturity.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received. They are subject to change as per change in tax laws from time to time.
  • Ideal for retirement planning or for receiving additional Monthly income. The tax-free additional income can help you live a comfortable life in your golden years.

Plan Details

How it works?

Let’s take a look at this case study

35 year old Rohit chooses our Bharti AXA Life Monthly Income Plan+ with a policy term of 15 years as he wishes to receive ₹ 3000 as a guaranteed Monthly income. He pays an annual premium for 7 years.

  • Starts paying an annual premium of ₹ 35,715

    1ST POLICY YEAR

  • Finishes paying an annual premium of ₹ 35,715

    7TH POLICY YEAR

  • He receives a monthly income of ₹ 3,000 for 8 years (In case of survival)

    8TH POLICY YEAR

  • He receives a vested non-guaranteed benefit of ₹ 80,784 at 8% #gross rate of return (on maturity) He receives a vested non-guaranteed benefit of ₹ 9,504 at 4% #gross rate of return (on maturity)

    15TH POLICY YEAR

*Premium is exclusive of service tax and cess

# 4% and 8% rates are used only for illustration purposes and are not guaranteed. The values represented with 4% & 8% are not the upper or lower limits of what one can expect from this policy, as it is dependent on number of factors including investment performance

Sad Demise

In case of his sad demise, his family receives a monthly income of ₹ 4,950 until 8 years.

Parameter Eligibility Criteria

Minimum age at entry

3 years for 15 years policy term 
0 year for 20- and 30-years policy term

Maximum age at entry

65 years for 15 years policy term 
60 years for 20 years policy term 
50 years for 30 years policy term

Maximum Maturity Age

80 years

Minimum Monthly Income

₹ 2,000 for 15 years policy term

₹ 1,750 for 20 years policy term

₹ 750 for 30 years policy term

Minimum Sum Assured (which is minimum monthly income *the period for which the monthly income is payable)

₹ 1,92,000 for 15 years policy term

₹ 2,10,000 for 20 years policy term

₹ 1,35,000 for 30 years policy term

Minimum Premium

Depends on the minimum monthly income

Policy Term

15, 20 and 30 years

Premium Payment Term

7, 10 and 15 years for 15, 20 and 30 years Policy Term respectively

Premium Payment Modes

Annual, Semi annual, Quarterly* & Monthly*

*Through ECS only.