Why Bharti AXA Life Shining Stars is the Right Choice for You
This child plan policy offers you the flexibility to choose from multiple premium paying terms and policy terms allowing you to choose the benefit payout options depending on your child's needs. A great short-term investment option for a child insurance policy.
Flexibility in Policy Term/Premium Payment Terms
The product offers the choice of 9 combinations of policy terms and premium payment terms. A great single premium policy for child.
Flexibility to opt between 2 Maturity Payout Options
Flexi Payout Option
You may choose to receive the payout at the end of any year during the Maturity Payout period under Flexi Payout Option.Annual Payout Option at the time of inception
Under Annual Payout option, you may choose to take the present value as lumpsum for all outstanding future payouts.
The Payout option can be modified at the time of Maturity as per the child’s needs.
Inbuilt Benefit in case of death
This benefit ensures that your child’s needs are taken care of if something unfortunate happens to the parent (Life Insured) during the Policy Term. In such a case, no further premiums to be paid, death benefit is paid and the Maturity Benefit shall continue to be payable to the nominee at the time of Maturity.
You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.
How does the plan exactly work?
Choose Your Plan with Ease
Select a Maturity Payout Option
Flexi Payout Option
Annual Payout Option at the time of inception
You can choose to receive the payout at the end of any year during the Maturity Payout period under Flexi Payout Option.
Note: The Payout option can be modified at the time of Maturity as per the child’s needs.
Under Annual Payout option, you can choose to take the present value as lumpsum for all outstanding future payouts.
Now, Choose a Rider
For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Shining Stars:
Bharti AXA Life Hospi Cash Rider (UIN: 130B007V04):
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 Term Rider (UIN: 130B009V02):
Under this rider, the policyholder can increase the life insurance coverage for a nominal premium.
Please refer rider brochure for complete details on terms and conditions and exclusions before opting for the rider.
Insurance Jargon Explained
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.
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.
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 is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
#For 30 Year Old Male, PT-15, PPT-10, on online purchase of policy excluding underwriting extra premium (if any) & GST. ^From 15th year onwards as 2,49,253 every year for 5 years.