Bharti AXA Life Super Endowment Plan

(UIN: 130N089V02) (ADVT No. II-Oct-2021-3304)
A Non-Linked Non-Participating Individual Life Insurance Savings Plan

baner-image-mobile
#TheSmartThingToDo#TaxBenefits#GuaranteedReturns
A plan that helps to build your wealth, in a planned manner and meet your financial goals and future expenses

Why Bharti AXA Life Super Endowment Plan is great for you?

This plan can offer financial security as well as a vehicle for saving and growing wealth. So, if you require a policy that provides life insurance protection, a maturity benefit, and a tax advantage# all in one bundle, consider purchasing Bharti AXA Life Super Endowment Plan.

  • Flexibility in Premium Payments

    Choose from 10 different premium payment and Policy Term combinations.

  • Guaranteed Benefits*

    Get survival benefits as 50% of sum assured

  • Extended Life Cover

    By paying additional premium you can extend your life coverage benefit. This option is available at inception of the policy.

  • Tax Benefit#

    You may be eligible for tax benefits as per current tax laws. However, these tax laws are subject to change.

Key Benefits

Survival Benefit

Guaranteed Additions*

Maturity Benefit

Tax Benefit#

Death Benefit – With and Without extended life coverage

How Does the Plan Work?

 

Endowment plans are all-purpose life insurance products. They give financial security as well as a vehicle for saving and growing wealth. So, if you require a policy that provides life insurance protection, a maturity benefit, and a tax advantage# all in one bundle, consider purchasing Bharti AXA Life Super Endowment Plan. Some plans additionally include guaranteed additions&, which means that a certain percentage of total premiums paid, or a Guaranteed Maturity benefit& are added to your insurance benefits each year, depending on the length of your policy.

 

Let’s take a look at this case study :

 

Ravi, 35 years old has a son of 3 years old. He is looking for a simple plan that could double his returns and help him get guaranteed lump sum amount that can be utilized for his child’s post-graduation and also to shield his family against any unfortunate event that could happen to him.

 

He decides to pay a premium of Rs. 50,000 p.a. (exclusive of taxes) for which the Sum Assured is Rs. 6,66,756. He pays the premium for 10 years.

 

Benefits Payable End of Policy Year Guaranteed Benefit as % of Sum Assured Guaranteed Benefit
Survival Benefit 19th Year 50% ₹ 3,33,378
Maturity Benefit 20th Year Sum Assured on Maturity ₹ 6,66,756

 

Needs Met :

 

  • Ravi pays the premium for 10 years and receives Survival Benefit of Rs. 3,33,378 at the end of 19th year and Maturity Benefit of Rs. 6,66,756 at the end of 20th year.
  • Total Benefits received by Ravi is Rs. 10,00,133 which is double the premiums paid by him and can be utilized for his child’s higher education when his son turns 23 years old.

 

Sad Demise :

 

In case of Ravi’s demise before Maturity of the Policy, his nominee/legal heir(s) would receive Rs. 6,66,756 as death benefit.

What you gain out of the Plan?

Flexibility in Policy Term/Premium Payment Terms

Flexibility to choose from 10 combinations of policy terms and premium payment terms.

Guaranteed Benefits

Get Survival Benefit as 50% of the Sum Assured at the end of one year before the end of policy term and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

Extended Life Cover Benefit

An option to choose for Extended Life Cover benefit at inception of the policy by paying additional premium throughout the premium paying term.

Tax benefits#

You may be eligible for 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.

Choose Your Plan with Ease

Pick a plan option

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

Pick Policy Term and Premium Payment Term

Pick Policy Term and Premium Payment Term

Premium Payment Terms Policy Terms
8 years 16 years
8 years 20 years
9 years 18 years
9 years 20 years
10 years 20 years
11 years 20 years
12 years 20 years
13 years 20 years
14 years 20 years
15 years 20 years
Premium Payment Terms Policy Terms
8 years 16 years
8 years 20 years
9 years 18 years
9 years 20 years
10 years 20 years
11 years 20 years
12 years 20 years
13 years 20 years
14 years 20 years
15 years 20 years

Now, add a rider

For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Super Endowment Plan.
However, riders are not compulsory and come at an additional cost.

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 Accidental Death Benefit Rider (UIN: 130B008V02):

Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an accident.

Bharti AXA Life Premium Waiver Rider (UIN: 130B005V04):

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: 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.

Your Questions Answered

What is the basic difference between term and endowment life insurance?

Term insurance plans only offer protection for the specified term, mentioned in the policy document. Whereas, endowment insurance plans offer protection along with an investment opportunity. Term life insurance provide just the death benefits, while endowment life insurance provide death as well as maturity benefits.

Do endowment plans come with higher premium rates?

In general, endowment plans have higher premium rates as compared to term insurance plans.

When should I buy an endowment plan?

It is advisable to buy an endowment plan when you have a steady flow of income to pay the premiums on time. Moreover, getting an endowment plan early helps in longer duration of investment and build a large corpus.

Insurance Jargon Explained

Non-participating policy

An insurance plan under which all the benefits are guaranteed at the beginning, regardless of the actual investment performance.

Endowment plan

An insurance policy which provides a lump sum amount on a fixed date, either maturity of the policy or upon the death of the life insured, whichever occurs earlier.

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.

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).