Why 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 benefit in the form of accrued loyalty additions payable at the end of one year before the end of the policy term.
- 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.
Death Benefit – With and Without extended life coverage
How Does the Plan Work?
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.
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.
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
|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
An insurance plan under which all the benefits are guaranteed at the beginning, regardless of the actual investment performance.
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.
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).
#For 30 Year Old Male, Endowment Plan Option, online purchase of policy excluding underwriting extra premium & GST. ^As lumpsum payout at the end of 20th year.