Bharti AXA Life
Samriddhi

A Non-Linked, Participating Individual Life Insurance Savings Plan

(UIN: 130N061V04)(ADVT No. II-Jul-2022-4097)
A Non-Linked, Participating Individual Life Insurance Savings Plan

#RegularReturns#MaturityBenefit #TaxBenefits

Why Choose Bharti AXA Life Samriddhi?

Take the first step towards saving with this non-linked, participating, endowment savings plan. With regular savings you can build your own corpus that will help meet your aspirations. At Maturity, enjoy 100% Sum Assured on Maturity along with accrued non-guaranteed bonuses. Please note that life insurance coverage is also available with this product.

  • Lumpsum Benefit

    Enjoy a guaranteed lump sum benefit at maturity. If the life insured survives till the Maturity of the Policy and all the Premiums are duly paid, then he will receive 100% of Sum Assured on Maturity.

  • Potential Bonuses

    Potential to receive additional earnings through bonuses. Enjoy accrued non-guaranteed annual simple reversionary bonus and non-guaranteed terminal bonus, if declared by the company.

  • 3.Multiple Premium Payment Terms

    Choose from premium payment of 5, 10, 12, 15, 20, 25, 30, and 35 years.

  • Tax Benefits

    You can enjoy Tax benefits on the Premiums paid and pay-out benefits received. The Tax benefits fall under Income Tax Act, 1961. They are subject to change as per changes in tax laws from time to time.

Key Benefits

Maturity Benefit

Potential Bonus

Multiple Premium Payment Terms

Tax Benefits**

How Does the Product Work?

 

Let’s take a look at this case study

 

35-year-old Abhay chooses our Bharti AXA Life Samriddhi to meet his retirement needs and pays ₹ 50,000 as annual premium for 25 years for a Sum Assured of ₹ 13,96,258. He enjoys a life cover for 25 years.

 

1st Policy Year

Starts paying an annual premium of ₹ 50,000*

 

25th Policy Year

He continues to pay an annual premium of ₹ 50, 000*

 

End of 25th Policy Year

He receives a maturity benefit of ₹ 17,41,832 (Sum Assured ₹ 13,96,258 + Bonus# ₹ 3,45,574) @ 4%# p.a.

or
At maturity he receives a maturity benefit of ₹ 27,59,355 (Sum Assured ₹ 13,96,258 + Bonus# ₹ 13,63,097) @ 8%# p.a.

 

Disclaimer: # 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
#Bonus includes Accrued Non-Guaranteed Simple Reversionary Bonus and Non-Guaranteed Terminal Bonus.
*Premium is exclusive of service tax

 

Sad Demise

In case of his untimely death, Abhay’s family gets – Sum Assured on Maturity + bonus#

Or
11 times annualised premium + bonus# Or 105% of the premiums paid; the policy will end after the payment of death benefit.

What Do You Gain from the Plan?

Life Insurance Cover

In case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in force :

  • Basic Life Insurance Cover
  • Accrued Non-Guaranteed Annual Simple Reversionary Bonus
  • Non-Guaranteed Terminal Bonus

 

The Basic Life insurance cover will be the higher of :

  • Sum Assured on Maturity or
  • 11 times Annualized Premium

 

However, the death benefit payable shall never be lower than 105% of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

Receive Lump sum Payout at Maturity

At maturity of the policy (in case the Life Insured survives till the maturity of the Policy and all premiums are duly paid), you receive :

 

  • 100% of Sum Assured on Maturity
  • Accrued Non-Guaranteed Annual Simple Reversionary Bonus
  • Non-Guaranteed Terminal Bonus

Potential to Receive Additional Earnings with Bonuses

The policy participates in the distribution of surplus or profits that may be declared by the company. Non-guaranteed Annual Simple Reversionary Bonus gets accrued to the policy at the end of each year provided all due premiums are paid. This accrued Non-Guaranteed Annual Simple Reversionary Bonus is paid out at the time of Maturity or on the loss of life of Life Insured, whichever is earlier. The company may also declare Non-Guaranteed Terminal Bonus which is also payable along with Maturity Benefit or Death Benefit.

Eight Premium Payment Term Options

You can choose from the following Premium Payment term options

 

Limited Premium Payment Term option

  • Premium Payment Term of 5 or 12 Years with Policy Term of 10 and 20 years respectively

 

Regular Premium Payment Term option

  • Premium Payment Term options available are 10, 15, 20, 25, 30 and 35 years

Tax Benefits

You may be eligible for the tax benefits on the premiums paid along with the benefits received, subject to the prevailing provisions. The tax benefits are subject to change as per the change in tax laws from time to time.

Bharti AXA Life Guaranteed Wealth Pro
Invest Rs. 5,000#/Month for 10 years | Get Rs. 14,39,732^

Make Your Plan with Ease

Pick Premium Payment Term

Choose one of the options, as per your financial goals.

5 years

10 years

12 years

15 years

20 years

25 years

30 years

35 years

5 years

10 years

12 years

15 years

20 years

25 years

30 years

35 years

Now, Add a Rider

You may enhance your protection under this Plan by opting for the following rider(s)

Bharti AXA Life Hospi Cash Rider (UIN:130B007V04):

This rider allows payment of a fixed benefit for each day of hospitalisation. It also offers a fixed amount benefit if you are admitted in an Intensive Unit Care or a lump sum benefit in case of surgery.

Premium Waiver Rider (UIN: 130B005V04):

100% of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

Bharti AXA Life Term Rider (UIN: 130B009V02):

Under this rider the policyholder can increase the life insurance coverage for a nominal premium.

Please refer to the rider brochure for complete details on terms and conditions and exclusions before opting for the rider. Riders are optional and are available at an extra cost.

Insurance Jargon Explained

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.

Insurability

Insurability refers to all conditions pertaining to individuals seeking insurance; that affect their health, susceptibility to injury and life expectancy; an individual's risk profile.

Premium

The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).

Sum Assured

Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).

**Tax benefits are in accordance to current tax laws that are subject to change from time to time.