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TAX SAVING PLANS

A plan that offers a lump sum payout at the end of the premium payment term followed by increasing guaranteed payouts until Maturity and a lump sum payout at Maturity.

4 Reasons to Buy

  • A choice between the Super 6 and Super 10 option depending on desired investment term and returns.
  • Get cash pay-outs every year from the end of the premium payment term till policy maturity.
  • Receive Maturity benefit along with a Guaranteed Maturity Addition.
  • Benefit of attractive high sum assured rebate.
  • Enjoy Tax Benefits on the Premiums paid and benefits received.

How it works?

35 year old Sahil chooses our Bharti AXA Life Super Series with the Super 10 option. The Premium Payment Term is 10 years and Policy Term is 20 years for a Sum Assured of Rs. 2, 00,000. He starts paying Rs. 48,598 as the annualised premium each year.

Who can buy?

Parameter Eligibility Criteria (Plan 6) Eligibility Criteria (Plan 10)
Policy Term 12 Years 20 Years
Premium Payment Term 6 Years 10 Years
Min. Age at entry (age last birthday) 6 Years 0 Years
Max. Age at entry (age last birthday) 63 Years 60 Years
Min. Annualized Premium (exclusing any underwriting extra) Rs. 18,000 Rs. 15,000
Min. 'Sum Assured on Maturity' Depends on the Minimum Premium
Premium Payment Modes Annual, Semi-annual, Quarterly*, Monthly*

More Details

1. In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.
2. Maturity Benefit
On Maturity Date, 'Sum Assured on Maturity' will be paid to the Policyholder, subject to the policy being in force. In case the Life Insured is a minor at the time of policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.
3. Guaranteed Maturity Addition
In addition, on Maturity Date, a Guaranteed Maturity Addition of 30% of the ‘Sum Assured on Maturity’ will be payable to the Policyholder, subject to the Policy being in force.
In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.
4. Death Benefit
In the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on death.
The Sum Assured on death shall be higher of the following:-
a) 11 times Annualized Premium* for Super 6 Option and 15 times Annualized Premium* for Super 10 Option
b) 105% of all premiums paid as on date of death (excluding any underwriting extra).
c) 'Sum Assured on Maturity'
*Annualised Premium does not include modal factors, any underwriting extra.
5. Tax Benefits
You can avail the tax benefits on the premiums paid and on the benefits received subject to the prevailing provisions under Section 80C and Section 10 (10D) respectively of the Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time.

4 Reasons to buy

  • Enjoy a guaranteed lump sum benefit at Maturity.
  • Potential to receive additional earnings through bonuses.
  • Choose from eight different Premium payment Terms
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received.

How it works?

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 start paying an annual premium of Rs 50,000
25th policy year he continues to pay an annual premium of Rs 50,000
End of 25th Policy year He receives a tax-free maturity benefit of Rs. 17,41,832 (Sum Assured Rs. 13,96,258 + Bonus# Rs. 3,45,574) @ 4% p.a.
At maturity he receives a tax-free maturity benefit of Rs. 27,59,355 (Sum Assured Rs. 13,96,258 + Bonus# Rs. 13,63,097) @ 8% p.a.

Who can buy?

Premium Payment Term Policy Term Minimum Age Maximum Age
5 years 10 years 8 years 55 years
10 years 10 years 8 years 55 years
12 years 20 years 0 years 50 years
15 years 15 years 3 years 55 years
20 years 20 years 0 years 50 years
25 years 25 years 0 years 50 years
30 years 30 years 0 years 45 years
35 years 35 years 0 years 45 years

More Details

Bharti AXA Life Samriddhi – a Non-linked, Participating, Endowment plan, that offers protection for your family’s financial future by providing an opportunity to participate in the profits of participating fund of the company by way of Non-Guaranteed bonuses payable to you at the time of maturity or in case of any eventuality.
Life Insurance Cover for your family
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 Annualised 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 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 to choose from

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

Save Tax

You can avail the tax benefits on the premiums paid (subject to a maximum of rupee 1,50,000) and on the benefits received subject to the prevailing provisions under Section 80C and Section 10 (10D) respectively of the Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time

4 Reasons to buy

  • Enjoy guaranteed benefits at regular intervals.
  • Enjoy guaranteed lump sum benefit at Maturity.
  • Different Premium payment Terms to choose from.
  • Receive Tax benefits on the Premiums paid and pay-out benefits received.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
35 year old Mohan chooses our Bharti AXA Life Elite Advantage to meet his future expenses such as his daughter’s higher education, marriage expenses etc., for a Sum Assured of Rs. 12,29,256. He pays an annual premium of Rs. 1,00,000 for 12 years.
1st Year Policy- Starts paying an annual premium of Rs. 1,00,000 every year
12th Policy Year Finishes paying an annual premium of Rs. 1,00,000
End of 12th Policy Year He receives aguaranteed pay-out of Rs. 1,16,779 annually (9.5% of sum assured at maturity)
19th Policy year He continues to receive the maturity benefit inregular instalmentsfrom the end of the policy term till the end of the 19th year.
20th Policy Year He receives a lump sum amount of Rs. 12,29,256 at the end of the 20th year.

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry (age last birthday) 8 years for 10 years Policy Term
6 years for 12 year Policy Term
The risk coverage will start immediately on policy commencement for all lives including minors
Maximum age at entry (age last birthday) 65 years
Maximum Maturity Age(age last birthday) 75 years for 10 years Policy Term
77 years for 12 years Policy Term
Minimum Sum Assured Depends on the minimum Premium
Minimum Annualized Premium Rs. 24,000 for 5 years Premium payment Term
Rs. 15,000 for 7 years Premium payment Term
Rs. 12,000 for 12 years Premium payment Term
Policy Term 10 and 12 years
Premium Payment Term 5 years for 10 years Policy Term
7/12 years for 12 years Policy Term
Premium Payment Modes Annual, Semi Annual, Quarterly*, Monthly*
Maturity payout Period End of 10th year till end of 20th year for 10 years Policy Term
End of 12th year till end of 20th year for 12 years Policy Term
Guaranteed Payment Modes Annual, Semi Annual, Quarterly

More Details

A plan that offers Guaranteed Payouts# of 8.5% to 9.5% from the end of the policy term and 100% Sum Assured at Maturity*. It also provides comprehensive protection until the end of the policy term. With two benefits in one plan, now you don’t have to compromise anymore.

Basic Life Insurance Cover:
Get Higher of Sum Assured on Maturity or 11 times the base annualized Premium or 105% of premiums paid till date of death, in case of an unfortunate event of death of the life insured.

Maturity benefit:
In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder

  • Guaranteed Payout: A percentage of Sum Assured on Maturity is paid during the Maturity payout period.
  • Sum Assured: 100% of Sum Assured on Maturity is paid at the end of 20th year

The percentage of Guaranteed Payout depends upon the Policy Term, Premium Payment Term and the Premium Amount as mentioned below.

Premium Payment Term Guaranteed Payout (End of year) Annualised Premium(Rs.) Guaranteed Payout as % of
Sum Assured on Maturity
5 years End of 10th to end of 19 year 24,000-49,999 8.5%
50,000-99,999 9%
1,00,000 & above 9.5%
7 years End of 12th to end of 19 year 18,000-49,999 8.5%
50,000-99,999 9%
1,00,000 & above 9.5%
12 years End of 12th to end of 19 year 12,000-49,999 8.5%
50,000-99,999 9%
1,00,000 & above 9.5%

4 Reasons to buy

  • When you need a whole life cover up to age 100.
  • Receive annual guaranteed benefit from end of 10th policy year till Maturity.
  • Potential of upside bonusfrom end of 6th policy year.
  • Enjoy Tax benefits on the premiums paid and pay-out benefits received.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
30 year old Rahul chooses our Bharti AXA Life Aajeevan Sampatti+ for a Sum Assured of Rs. 5,00,000 with a coverage until he turns a 100 years. He pays an annual premium of Rs. 1,07,310 for 10 years.
1st policy year Starts paying an annualpremium of Rs. 1,07,310
6th Policy Year Non-guaranteed cash bonuses are paid until maturity or death
10th Policy Year Finishes paying annual premium
11th Policy Year Guaranteed annual payouts of Rs. 27,500 begins
70th Policy Year If Rahul survives until the age of 100, he will receive a maturity amount of Rs. 5,00,000

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry (age last birthday) 91 days
Maximum age at entry (age last birthday) 60 years for 'To age 100' policy term
50 years for 'To age 85' policy term
Maximum Maturity Age(age last birthday) 100 or 85 years depending on the policy term chosen
Premium payment term options available 10 years & 15 years
Minimum Sum Assured on Maturity Rs. 50,000
Minimum Premium Will depend on the minimum Sum Assured on Maturity
Premium Payment Modes Annual, Semi Annual, Quarterly*, Monthly*

More Details

Guaranteed Annual Pay-out:
Guaranteed Payout will be paid to you starting from the end of 10th policy year till maturity or the Death of Life Insured whichever is earlier, subject to the policy being in force. The Guaranteed Annual Payout percentage depends on the Policy term option chosen and is mentioned below.

Policy Term Guaranteed Annual Payout Percentage
To Age 100 5.5% of Sum Assured on Maturity
To Age 85 6% of Sum Assured on Maturity

Life Insurance benefit:
Your coverage under the Policy will continue until you reach the age of 100 or 85 years as per the Policy term selected. In case of unfortunate event of death of Life insured (applicable even in case of minor lives), subject to the policy being in force the Sum Assured payable on death will be higher of:

  • Sum Assured on Maturity OR
  • 11 times Annualised Base Premium OR
  • 105% of premiums paid

The death benefit payable shall be higher of Sum Assured payable on death or 105% of all premiums paid (excluding an underwriting extra premium). In case of death during the Grace period, the Death Benefit after deducting the unpaid due premium shall be paid. In case of death after the policy is converted into paid-up the Paid up value on death will be paid to the nominee. In case the policy is Lapsed, no Death benefit is payable. The Annualised Premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable)

Maturity Benefit:

Sum Assured on Maturity is paid if the Life Insured survives till the maturity of the Policy and the policy is in force.

Discount:

On premiums is available on opting for Sum Assured of Rs 4,00,000 and above

Tax benefits:

For premiums paid under Sec 80C and Sec 10 (10D) and benefits received, are as per the prevailing tax laws which are subject to changes with change in tax laws.

4 Reasons to buy

  • Enjoy a lump sum benefit on Maturity.
  • Receive guaranteed additions as high as 10% p.a. available as a percentage of cumulative premiums.
  • Life cover along with guaranteed benefits.
  • Receive Tax benefits on the premiums paid and pay-out benefits received.

How it works?

35 year old Saurabh chooses our Bharti AXA Life Secure Savings Plan to meet his future expenses. He pays an annual premium of Rs. 20,000 for 20 years for a Sum Assured of Rs. 2,30,468. He gets a guaranteed 10% addition of each year’s cumulative base premium.
1st Policy Year Starts paying an annual base premium of Rs. 20,000 and receives Rs. 2000 as guaranteed additions (10% of cumulative base premium)
10th Policy year Starts paying an annual base premium of Rs. 20,000 and receives Rs. 2000 as guaranteed additions (10% of cumulative base premium)
20th policy year Continues paying base premium of Rs. 20,000. The cumulative premium is now Rs. 4,00,000 with Rs. 40,000 as guaranteed additions (10% of cumulative base premium)
End of 20th Policy Year Gets maturity benefit of Rs. 6,50,468 (100% Sum Assured i.e. Rs. 2,30,468 + guaranteed additions of Rs. 4,20,000)

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry (age last birthday) 3 years for 15 years Policy term
0 years for 20 years Policy term
Maximum age at entry (age last birthday) 55 years for 15 years Policy term
50 years for 20 years Policy term

More Details

What you will get?

  • A plan that provides the twin benefit of comprehensive protection and guaranteed additions of up to 10%
  • Guaranteed additions of up to 10% at the end of every year, payable on death of Life Insured or at maturity
  • Sum Assured along with Guaranteed additions is payable at maturity of the policy
  • Higher of 100% of Sum Assured plus guaranteed additions on the premiums paid or 105% of premiums paid till date of death (excluding any underwriting extra premium) or 10 times annualized premium is payable on the death of the Life Insured
  • You receive tax benefits under section 80C and 10(10D)
Why choose this plan?
  • You want to save regularly to meet any future financial goal
  • You want 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.
  • Potential of upside bonuses.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received.
  • Ideal for retirement planning or for receiving additional Monthly income.

How it works?

1st Policy Year Starts paying an annual premium of Rs. 35,715 7th Policy Year Finishes paying an annual premium of Rs. 35,715 8th Policy Year He receives a monthly income of Rs. 3,000 for 8 years (In case of survival) 15th Policy Year He receives a vested non-guaranteed benefit of Rs. 80,784 at 8% gross rate of return (on maturity)

He receives a vested non-guaranteed benefit of Rs. 9,504 at 4% gross rate of return (on maturity)

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry (age last birthday) 3 years for 15 years Policy term
0 years for 20 and 30 year Policy Term
Maximum age at entry (age last birthday) 65 years for 15 year Policy Term
60 years for 20 year Policy Term
50 years for 30 year Policy Term
Maximum Maturity Age 80 years
Minimum Monthly Income Rs. 2000 for 15 year Policy Term
Rs. 1750 for 20 year Policy Term
Rs. 750 for 30 year Policy Term
Minimum Sum Assured Rs. 192,000 for 15 year Policy Term
Rs. 210,000 for 20 year Policy Term
Rs. 135,000 for 30 year 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*

More Details

A limited premium payment traditional insurance plan ensuring a guaranteed monthly income that helps to fulfill your loved ones’ desires while protecting them in case of an unfortunate event.

Guaranteed Monthly Income which is Tax-Free#:
You start receiving Guaranteed Monthly Income after the completion of the Premium Payment Term, until Maturity, provided the policy is in force. This income is tax-free#.You have the flexibility to choose the Monthly Income you wish to receive, which decides your premium amount.
#Subject to the prevailing provisions of section 10(10D) of the Income-tax Act, 1961

Potential Upside through Bonuses:
Non Guaranteed Simple Annual Reversionary Bonuses get accrued to the policy from the end of 1st policy year and get paid out on Maturity or on death. You may also receive non guaranteed terminal bonus either on death or maturity.

Life Insurance Benefit:
In case of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee from the next policy month onwards and continues for the next 8, 10 or 15 years depending on the Policy Term option chosen at inception of the policy. This payout is made over and above the Monthly Income payouts made before the death of the Life Insured.
The accrued Non-Guaranteed Annual Reversionar y bonuses and Non-Guaranteed Terminal bonus are paid out on death as a lump sum along with the first monthly income Instalment.

Policy Term Death benefit Period (Mths) Death Benefit
15 years 96 165% of Monthly Income for Ages <45
150% of Monthly Income for Ages >=45
20 years 120 140% of Monthly Income for all ages
30 years 180 110% of Monthly Income for all ages

The accrued Non-Guaranteed Annual Reversionary bonuses and Non-Guaranteed Terminal bonus are paid out on death as a lump sum along with the first monthly income Instalment.

Premium Discount

Policy Term Monthly Income Premium Rate Discount
20 and 30 years For monthly income >= Rs. 3,000 2% on Premium

Tax benefits:
For Premiums paid and benefits received, are as per the prevailing tax laws which are subject to changes.

4 Reasons to buy

  • Limited pay guaranteed income plan.
  • Guaranteed additions of up to 10% (depending on plan term chosen) regularly added during the plan term.
  • Guaranteed benefit at Maturity.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
30 year old Gaurav chooses our Bharti AXA Life Secure Income Plan with a policy term of 20 years as he wishes to receive a guaranteed monthly income along with a guaranteed amount at maturity. He pays an annual premium of Rs. 50,000 for 10 years for a Sum Assured of Rs. 3,11,061.
1st Policy year Starts paying an annual premium of Rs. 50,000
10th Policy Year Finishes paying an annual premium
11th Policy Year He starts to receive an annual income of Rs. 24,885
20TH Policy Year He continues to receive an annual income of Rs. 24,885 till the 20th year
End of 20th Policy Year He receives a guaranteed maturity amount of Rs. 6,22,122

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 3 years for 15 years Policy Term
1 year for 17 years Policy Term
0 year for 20 years Policy Term
Maximum age at entry 65 years for 15 years Policy Term
63 years for 17 years Policy Term
60 years for 20 years Policy Term
Maximum Maturity Age 80 years
Minimum Premium Excl. ST & Cess For 15 year Policy Term
  • Rs. 30,000 for Annual mode
  • Rs. 15,600 for semi-annual mode
  • Rs. 8,100 for quarterly mode
  • Rs. 2,700 for monthly mode
For 17 year Policy Term
  • Rs. 24,000 for Annual mode
  • Rs. 12,480 for semi-annual mode
  • Rs. 6,480 for quarterly mode
  • Rs. 2,160 for monthly mode
For 20 year Policy Term
  • Rs. 18,000 for Annual mode
  • Rs. 9,360 for semi-annual mode
  • Rs. 4,860 for quarterly mode
  • Rs. 1,620 for monthly mode
Policy Term 15, 17 and 20 years
Premium Payment Term 5, 7 and 10 years for 15, 17 and 20 years Policy Term respectively
Premium Payment Modes Annual, Semi annual, Quarterly* & Monthly*

More Details

Guaranteed Monthly Income:
Start receiving Guaranteed Income after the completion of the Premium Payment Term, until Maturity, provided the policy is in force and all due premiums have been paid. This income will be tax-free#.

#Subject to the prevailing provisions of section 10(10D) of the Income-tax Act, 1961

Policy Term Premium Payment Term Guaranteed Income* Death Benefit
15 years 5 years 8% of Sum Assured p.a. 10 years (120 months)
17 years 7 years
20 years 10 years

* The Guaranteed Income commences after the end of Premium Payment Term and will be paid out on a monthly basis.

Maturity Benefit:
A fixed guaranteed addition, declared as a percentage of Sum Assured gets added to your policy each year after the completion of premium payment term, until maturity of the policy. Thus, Sum Assured plus Guaranteed Additions get paid out on Maturity.

Policy Term Premium Payment Term Annual Guaranteed Addition (applicable after Premium payment term)
15 years 5 years 7% of sum assured
17 years 7 years 8.5% of sum assured
20 years 10 years 10% of sum assured

Death Benefit:
In case of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee. This payout is made over and above the Monthly Income payouts made before the death of the Life Insured. The Death benefit depends upon the age and the policy term chosen.

Policy Term Death Benefit
15 years Higher of (Sum Assured plus Guaranteed Additions accrued till date of death) or (105% of Premiums paid) or (11 times Annual Base Premium)
17 years Higher of (Sum Assured plus Guaranteed Additions accrued till date of death) or (105% of Premiums paid) or (11 times Annual Base Premium)
20 years Higher of (Sum Assured plus Guaranteed Additions accrued till date of death) or (105% of Premiums paid) or (13 times Annual Base Premium)

Tax benefits:
For premiums paid and benefits received, are as per the prevailing tax laws which are subject to changes with change in tax laws.

4 Reasons to buy

  • Flexibility of withdrawing your savings anytime during the Flexi benefit period bymodifying your Policy Term while the Policy is in force.
  • Potential upside through bonuses.
  • Flexibility of choosing between 3 Premium payment Terms as per your financial convenience.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
35 year old Siddharth chooses our Bharti AXA Life Flexi Save with a policy term of 20 years as he wishes to receive guaranteed benefits along with the flexibility of withdrawing money any time during the flexi benefit pay-out period. He pays an annual premium of Rs. 30,000 for 5 years for a Sum Assured of Rs. 1,69,943.
1st Policy Year Starts paying an annual premium of Rs. 30,000*
10th Policy Year Flexi Benefit period from 10th to 20th Policy year. At any time, he can decide topre-pone the maturity benefit and avail the full benefits due i.e. 100% Sum Assured plus accrued bonus till date plus terminal bonus, if any.
20th Policy Year If Siddharth survives, he receives Rs. 3,02,243 at maturity (Sum Assured ) Rs. 1,69,943 along with accrued bonuses + terminal bonus at maturity @8% of Rs. 1,32,300)

Who can buy?

Parameter/ PPT 5 Pay 7 Pay 12 Pay
Policy Term 20 years 25 years 30 years
Min age at entry 8 years 3 years 0 years
Max age at entry 65 years 60 years 55 years
Max age at maturity 85 years 85 years 85 years
Flexi benefit period Any time between 10 to 20 years Any time between 15 to 25 years Any time between 20 to 30 years

More Details

A plan that offers you the choice to withdraw your savings when you want to and helps you achieve your goals at all life stages.

Flexi Benefit Period:
Anytime during the Flexi benefit period, you can decide to with draw your savings and avail the full benefits due in the policy

Premium Payment Term 5 Pay 7 Pay 12 Pay
Flexi Benefit Period Any time between 10 to 20 years Any time between 15 to 25 years Any time between 20 to 30 years

Bonus:
Non Guaranteed Simple reversionary bonus, starting from the first policy year, paid out along with Maturity benefit or Death benefit (whichever is earlier) along with terminal bonus (if any)

Basic Life Insurance benefit:
In case of an unfortunate event of death of the life insured, Nominee to receive:

  • Higher of Base Sum Assured or
  • 105% of premiums paid or
  • a multiple of the Annual Base Premium,
  • plus non guaranteed accrued bonus plus terminal bonus (if any).
Maturity Benefit:

On maturity of the policy, you receive:

  • 100% of your Sum Assured
  • Non guaranteed accrued bonus and terminal bonus (if any).
Tax Benefit:

You can avail the tax benefits on the premiums paid under the Income Tax Act, 1961.

4 Reasons to buy

  • Single Premium plan.
  • Guaranteed additions as high as 9% that are paid out at Maturity providing a lump sum benefit.
  • Flexibility to choose between two plan terms; 5 and 10 years.
  • Receive Tax benefits on the Premiums paid and pay-out benefits received.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
25 year old Kartik chooses our Bharti AXA Life Invest Once with a policy term of 10 years as he wants to invest his money in a plan which will be financially beneficial to him in the long run. He chooses the tax saver option and decides to opt for life insurance benefit. He pays a one-time premium of Rs. 5,00,000 for a Sum Assured of Rs. 6,99,996.
1st Policy Year He pays a one-time premium of Rs. 5,00,000.
10th Policy Year In case he survives, he receives the Sum Assured of Rs. 9,50,000 at maturity.

Who can buy?

Parameter Eligibility
Minimum age at entry (age last birthday) 13 years for 5 year term
8 years for 10 years term
Maximum age at entry (age last birthday) 55 years
Maximum Maturity Age (age last birthday) 60 years for 5 year term
65 years for 10 years term
Minimum Sum Assured Depends on the minimum premium
Minimum Annual Base Premium* Rs. 5,000
Maximum Annual Base Premium* No limit
Policy Term 5 years and 10 years
Premium Payment Term Single Premium

* Excluding applicable taxes and Premium for enhanced death cover

More Details

Guaranteed Additions:
Guaranteed Additions are calculated as a percentage of the Single Premium and will be added every year till the end of the policy term. The guaranteed additions are paid out on Maturity of the policy, subject to the policy being in force. The percentage varies on the basis of the policy term and is shown in the table given below:

Policy Term Guaranteed Additions as a % of Base Single Premium
5 years 7%
10 years 9%

Flexibility to choose between two terms
You have the option to choose between two policy terms of 5 years or 10 years while you pay premiums only once.

Enhanced Life Cover
Other than the Sum Assured chosen, if you wish to increase the Life Cover under the policy, you can avail the same by paying an additional premium known as the Mortality Premium.

Life Insurance Benefit
In case of unfortunate death of the Life Insured, the Sum Assured on Death which is explained below is payable to the Nominee:

Sum Assured on death The Sum Assured on Death is the sum of (1) & (2) as given below:
  1. The higher of
    1. Sum Assured chosen by the policyholder
    2. Sum Assured on Maturity
    3. 125% of Single Premium plus mortality Premium (if opted for enhanced death cover), for policyholder with age less than 45 years as on last birthday at policy inception

      OR

      110% of Single Premium plus mortality Premium (if opted for enhanced death cover), for policyholder with age 45 or higher as on last birthday at policy inception.
  2. Enhanced Life Cover (if opted for)

Maturity Benefit:
If the policy is in force and the Life Insured survives to the Maturity Date of the policy, then the maturity benefit equal to Sum Assured on Maturity will be payable which is 100% of Single Premium along with Total Guaranteed Additions accrued during the Policy Term (excluding Mortality Premium, if any).

4 Reasons to buy

  • Choose between pay-out options that are based on your child’s needs – Money back or Endowment.
  • Built-in Premium waiver benefit ensures that your child’s needs will be taken care of.
  • Flexibility to choose your Policy Term – between 11 and 21 years.
  • Potential upside with bonus.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
35 year old Karan has a 2 year old son Sahil, he chooses our Bharti AXA Life Child Advantage with Money Back option for a Sum Assured of Rs. 18,18,512. He pays an annual premium of Rs. 1,00,000 p.a. for 20 years.
1st Policy Year Starts paying an annual premium* of Rs. 1,00,000
15th & 16th Policy Year Starts receiving guaranteed pay-outs of Rs. 1,81,851 each year
17th & 18th Policy Year Then he receives guaranteed pay-outs of Rs. 2,72,777 each year
19th Policy Year Next he receives guaranteed pay-out of Rs. 3,63,702
20th Policy Year While Karan still continues paying an annual premium of Rs. 1,00,000 throughout the entire premium payment term of 20 years
End of 20th Policy Year He also receives a lump sum maturity benefit of Rs. 19, 27,623(Guaranteed Rs. 7,27,405 + accumulated bonus @8% p.a.Rs. 12,00,218)

Who can buy?

Parameter Eligibility
Premium Type Regular Pay Limited Pay
Policy Term 11 to 21 years 11 to 21 years
Premium Payment Term Same as Policy Term Policy Term minus 5 years
Minimum age at entry (age last birthday) 18 Years 18 Years
Maximum age at entry (age last birthday) 50 years 55 years
Maximum Maturity Age (age last birthday) 71 years 76 years
Minimum Sum Assured Rs. 25,000 Rs. 25,000
Minimum Annualized Premium Depends on the Minimum Sum Assured Depends on the Minimum Sum Assured
Premium Payment Modes Annual, Semi annual, Quarterly*, Monthly* Annual, Semi annual, Quarterly*, Monthly*

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As parents, you take care to plan your child’s future. You want to give them the best and nothing less. But life is unpredictable. An unfortunate event could cast a shadow on your child’s future; you need to be ready for every eventuality.
At Bharti AXA Life, we understand your needs and have decided to act. We bring you Bharti AXA Life Child Advantage. A child plan that offers you guaranteed payouts at key milestones and waives off all future premiums in case of an unfortunate event. Thus ensuring that your child’s dreams are never compromised. Along with this, you get the benefits of Non-Guaranteed bonuses and Life Insurance, so your child’s aspirations and dreams are secured for life.

Option to choose the desired benefits:
You can choose between 2 Maturity benefits options under this plan at inception according to the needs and career goal of your child.

Money Back option:
Provides guaranteed payouts in the last 5 years before maturity to meet your child’s education needs. At maturity this plan offers guaranteed maturity payout of 40% of Sum Assured, to support your child’s higher education and kick start his/her career.

Time of Guaranteed Pay-outs % of Sum Assured Payable
End of 5th Year before the Maturity Date 10%
End of 4th Year before the Maturity Date 10%
End of 3rd Year before the Maturity Date 15%
End of 2nd Year before the Maturity Date 15%
End of 1st Year before the Maturity Date 20%

Endowment option:
Provides a guaranteed lump sum amount of 125% of sum assured at maturity of the Policy, provided the policy is in force, to help your child pursue his aspirations and prepare him for the big events in life.

Policy Continuance:
The policy ensures that your child will receive all the benefits as planned, by waiving off all the future premiums in case something unfortunate was to happen thus ensuring that Your child’s dreams will not be compromised even when you are not around.

Life Insurance Benefit:
In case of the unfortunate event of death of the life insured, the nominee will receive Higher of (110% of Sum Assured for Money Back option and 125% of Sum Assured for Endowment option) or 11 times the base annualized Premium to support your child in a time of need. The death benefit payable at any point in time will not be less than 105% of all premiums paid. In case of an unfortunate event, the guaranteed benefits would continue as planned and all future premiums will be waived off.

Potential Upside with Bonus:
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 and is payable at Maturity. The company may also declare Non- Guaranteed Terminal bonus which is also payable along with Maturity Benefit.

Option to choose Premium Payment term:
Depending upon the age of your child you can choose the Policy Term options from 11 to 21 Years. Then choose the premium payment type i.e. Limited Pay or Regular Pay depending upon your preference of investment tenure. For Regular Pay, the premium payment term is equal to Policy Term. For Limited Pay, the premium payment term is Policy Term minus 5 Years.

Tax Benefits:
You can avail the tax benefits on the premiums paid and on the benefits received subject to the prevailing provisions under Section 80C and Section 10 (10D) respectively of the Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.

Do I get the flexibility to enhance my protection through additional features?
Yes. To enhance your protection, you may customize your policy by opting for the following riders.
1. Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02)
2. Bharti AXA Life Accidental Death Benefit Rider (UIN:130B008V01)

Please refer rider brochures for complete details on terms and conditions and exclusions before opting for the riders.

4 Reasons to buy

  • When you are looking for a whole life cover plan up to the age of 100.
  • Receive annual guaranteed pay-out from the end of the 10th policy year until Maturity.
  • Potential upside through non-guaranteed bonus from the end of 6th Policy year.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received from this online plan.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
30 year old Rahul chooses our Bharti AXA Life eAajeevan Sampatti+ for a Sum Assured of Rs. 5,00,000 with a coverage until he turns a 100 years. He pays an annual premium of Rs. 1,01,945 for 10 years.
1st Policy Year Starts paying an annual premium of Rs. 1,01,945
6th Policy Year Non-guaranteed cash bonuses are paid until maturity or death
10th Policy Year Finishes paying annual premium
11th Policy Year Guaranteed annual payouts of Rs. 27,500 begins
70th Policy Year If Rahul survives until the age of 100, he will receive a maturity amount of Rs. 5,00,000

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry (age last birthday) 91 days
Maximum age at entry (age last birthday) 60 years for 'To age 100' Policy Term 50 years for 'To age 85' Policy Term
Maximum Age at Maturity (age last birthday) 100 or 85 years depending on the Policy Term chosen
Premium payment term options available 10 years & 15 years
Minimum Sum Assured on Maturity Rs. 50,000
Maximum Sum Assured on Maturity No Limit, subject to underwriting
Minimum Premium Will depend on the minimum Sum Assured on Maturity
Premium Payment Modes Annual, semi-annual, quarterly* & monthly*

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Lifelong Benefits
Your coverage under the Policy will continue until you reach the age of 100 or 85 years as per the Policy term selected.
In case of unfortunate event of death of Life insured (applicable even in case of minor lives), subject to the policy being in force the Sum Assured payable on death will be higher of:

  • Sum Assured on Maturity OR
  • 11 times Annualised Base Premium The base annualized premium paid will exclude any modal factors and underwriting extra.

Guaranteed Pay-out Benefit:

This plan assures guaranteed annual payouts until Maturity (except in the policy year coinciding with maturity). Once you complete the 10th Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier, subject to policy being in force. The Guaranteed Annual Payout percentage depends on the Policy term option chosen and is mentioned below.

Policy Term Guaranteed Annual Pay-out Percentage
To Age 100 5.5% of Sum Assured on Maturity
To age 85 6% of Sum Assured on Maturity

Life Insurance benefit:
Your coverage under the Policy will continue until you reach the age of 100 or 85 years as per the Policy term selected.
In case of unfortunate event of death of Life insured (applicable even in case of minor lives), subject to the policy being in-force the Sum Assured payable on death will be higher of:

  • Sum Assured on Maturity OR
  • 11 times Annualised Premium OR
    The base Annualised Premium paid will exclude any modal factors and underwriting extra.
  • The death benefit payable shall be higher of Sum Assured payable on death or 105% of all premiums paid (excluding an underwriting extra premium).
  • In case of death during the Grace period, the Death Benefit after deducting the unpaid due premium shall be paid.
  • The life insurance coverage starts immediately from issuance of the policy and is applicable to minor lives as well.
  • The Annualised Base premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable).
Cash Bonuses

This Policy also offers Non guaranteed cash bonuses subject to the policy being in force. The Policy participates in the performance of the participating insurance fund and surplus is distributed as bonus. This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier. No bonuses shall be payable in the first 5 policy years.

DISCOUNT on opting Higher Sum Assured

You will be eligible to receive a discount on your premium rate if you opt for a Sum Assured n Maturity of Rs.4, 00,000 or more.

Tax Benefits

You may avail of tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time.

PROTECTION PLANS

4 Reasons to buy

  • When your family is financially dependent on you.
  • Need a sufficient Sum Assured to take care of your liabilities or loans in case of any eventuality.
  • Easy affordable Premiums.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
30 year old Rahul chooses our Bharti AXA Life eAajeevan Sampatti+ for a Sum Assured of Rs. 5,00,000 with a coverage until he turns a 100 years. He pays an annual premium of Rs. 1,01,945 for 10 years.
1st Policy Year Starts paying an annual premium of Rs. 1,01,945
6th Policy Year Non-guaranteed cash bonuses are paid until maturity or death
10th Policy Year Finishes paying annual premium
11th Policy Year Guaranteed annual payouts of Rs. 27,500 begins
70th Policy Year If Rahul survives until the age of 100, he will receive a maturity amount of Rs. 5,00,000

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 18 years for all terms except To Age 70 and To Age 75 years. 40 years for To Age 70 and To Age 75 years.
Maximum age at entry 65 years for 10 year term
60 years for 15 year term
55 years for 20 year term
50 years for 25 year term
45 years for 30 year term
50 years for 'To Age 60' term
55 years for 'To Age 65' term
60 years for 'To Age 70' term
65 years for 'To Age 75' term
Minimum sum Assured Rs. 2,500,000/-
Death Benefit Sum Assured
Policy Terms 10, 15, 20, 25, 30, To Age 60, To Age 65, To Age 70 and To Age 75 years
Premium Payment Term Same as policy Term
Premium Payment Modes Annual & Semi Annual modes

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A Cover of Rs. 1 Cr for Rs. 6100*
Affordable life insurance premium rates: You can get yourself insured at affordable premium rates with this life insurance term policy
A Unique Family Care Benefit

Life Insurance Benefit:
The life insurance coverage that you get ensures that incase of an unfortunate death of the Life Insured, an amount equal to sum assured will be paid as a life insurance benefit to the nominee

Family Care Benefit as part of the life insurance benefit:
Unfortunate events in life come unannounced and during this time of distress your family could require contingency support. Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lump sum to the nominee in case of death of the life insured, within 48 hours** of submission of all relevant claim documents. This term life insurance benefit is paid subject to the policy being in force and the premiums for 2 consecutive term insurance policy years from the date of issuance or the date of latest reinstatement have been paid.

Reward for Non Smokers:
Reward for non-smokers, premium discounts on the term insurance policy: You will be eligible for special rates if you are a non-smoker and you have applied for a life insurance benefit (sum assured) in excess of Rs 5,000,000. This gives better value for money for non-smokers when it comes to the life insurance premium that they pay.

Hassle Free Process:
Hassle Free process of buying a term insurance policy: Now get the advantage of Life Insurance cover at the click of a button. Bharti AXA Life eProtect offers you convenience at your finger tips, as you can buy this term insurance plan online to save the time and effort that would have been required otherwise.

Tax Benefits:
Tax benefits along with life insurance: Apart from the life insurance benefit with this term insurance plan, 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. So in addition to the life insurance coverage you also get to save tax.

4 Reasons to buy

  • When your family is financially dependent on you or you need an income replacement.
  • Desire for flexibility in benefit pay-outs as fixed monthly or increasing annual, depending on your needs.
  • Simple and affordable Premiums.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
35 year old Vikas chooses our Bharti AXA Life eProtect+ for a Sum Assured of Rs. 1 crore. He chooses a policy term of 15 years and pays an annual premium of Rs. 10,112 for 15 years. He has the choice of how he would like his family to receive the life insurance benefit in case something were to happen to him during the policy term.
1st death benefit pay out month His family starts to receive a monthly income of Rs. 84,400
50th death benefit pay out month His family continues to receive a monthly income of Rs. 84,400
100th death benefit pay out month His family continues to receive a monthly income of Rs. 84,400
140th death benefit pay out month His family continues to receive a monthly income of Rs. 84,400
180th death benefit pay out month His family continues to receive a monthly income of Rs. 84,400

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 18 years for all terms except To Age 70 and To Age 75 years. 30 years for To Age 70 and To Age 75 years.
Maximum age at entry 65 years for 10 year term
60 years for 15 year term
55 years for 20 year term
50 years for 25 year term
45 years for 30 year term
50 years for 'To Age 60' term
55 years for 'To Age 65' term
60 years for 'To Age 70' term
65 years for 'To Age 75' term
Death Benefit Death Benefit Option 1:
Sum Assured = Monthly Income for 15 years which will be paid out on a monthly basis. The Monthly income will not increase during the deferment period.
Death Benefit Option 2:
(i) 50% of Sum Assured, which is paid immediately on acceptance of Death Claim and
(ii) Balance Sum Assured paid out on an annual basis in increasing instalments over a period of 10 years.
Policy Terms 10, 15, 20, 25, 30, To Age 60, To Age 65, To Age 70 and To Age 75 years
Sum Assured Min: 32 Lakhs, Max: Subject to underwriting
Premium Payment Term Same as policy Term
Premium Payment Modes Annual & Semi Annual modes

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Affordable premium rates
You can get yourself insured at affordable premium rates.

Life Insurance benefit:
The Life Insurance benefit will be paid out depending on the option chosen at the inception of the policy:
In case of an unfortunate death of the Life Insured, an amount equal to sum assured will be paid as a life insurance benefit to the nominee. You have the following options to choose your sum assured,

  • Death Benefit Option 1 - Monthly Income for 15 years which will be paid out on a monthly basis. The monthly income does not increase during the deferment period.
  • Death Benefit Option 2 - 50% Lump sum sum assured (paid immediately on acceptance of death Claim) + 50% sum assured paid out on an annual basis in increasing Instalments over a period of 10 years.

Hassle Free buying:
Now get the advantage of Life Insurance cover at the click of a button. Bharti AXA Life eProtect+ offers you convenience at your finger tips, as you can buy this term plan online to save the time and effort that would have been required otherwise.

Tax Benefits:
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.

4 Reasons to buy

  • Family is financially dependent on you.
  • Need long-term cover.
  • Easy affordable Premiums.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received.

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 18 years
Maximum age at entry 75 years for 10, 15, 20 and 25 year terms
65 years for 5 year and 'To Age 75' terms
Maximum Maturity Age 75 years for 10,15,20 and 25 year terms and “To age 75” term
70 years for 5 year term
Minimum Sum Assured Rs. 2,500,000
Premium Payment Term Throughout the Policy Benefit Period
Premium Payment Modes Annual, Semi-annual, Quarterly and Monthly

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Life Insurance Benefit

  • Pure Life Insurance cover at very competitive premiums
  • Option to cover your life till 75 years with a unique to age 75 years term

You receive tax benefits under section 80C and 10(10D)

Why choose this plan?

  • You want comprehensive protection for your loved ones
  • You want a single product that can take care of all your Insurance needs

INVESTMENT PLANS

  • A limited Premium payment plan with a longer term to remain invested.
  • Zero allocation charges (other charges as applicable).
  • Pay once or for 5 years while accruing benefits for 10 along with the flexibility of partial withdrawals.
  • Enjoy Tax benefits on the Premiums paid and benefits received.

How it works?

Case 1
LET’S TAKE A LOOK AT THIS CASE STUDY
35 year old Anurag chooses our Bharti AXA Life Future Invest and would like to invest in the Grow Money Fund. He chooses a policy term of 10 years with a premium payment term of 5 years for a Sum Assured of Rs. 5,00,000.
1st Policy Year he starts paying Rs. 50000 annually
5th Policy Year He finishes paying the annual premiums
10th Policy Year At an assumed 4% rate of return, he receives Rs. 2,59,544 on maturity At an assumed 8% rate of return, he receives Rs. 3,58,824 on maturity

Case 2
LET’S TAKE A LOOK AT THIS CASE STUDY
35 year old Rishab chooses our Bharti AXA Life Future Invest and would like to invest in the Grow Money Fund. He chooses a policy term of 10 years with a single premium payment for a Sum Assured of Rs. 3,75,000.
1st Policy year He pays Rs. 3,00,000 as single premium
10th Policy year At an assumed 4% rate of return, he receives Rs. 3,38,807 on maturityAt an assumed 8% rate of return, he receives Rs. 5,00,603 on Maturity

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 18 years
Maximum age at entry 59 years
Maximum Maturity Age 69 years
Policy Term 10 years
Premium Payment Term Single Pay and 5 Pay
Premium Payment Modes Single/ Annual/ Semi Annual/ Quarterly/ Monthly

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What you will get?

  • Flexibility of partial withdrawals.
  • Option to stay invested for 5 years post maturity.
  • Option of switching and premium redirection to have complete control on your investments.
  • You will receive tax benefits for premiums paid as well as benefits received under Section 80C and 10 (10D) as per prevailing tax laws under the Income Tax Act, 1961.

Why choose this plan?
You want to invest money for a limited time frame while also expecting good returns at the end of the policy term

Life Insurance benefit:
Higher of the Fund Value or Sum Assured.

4 Reasons to Buy

  • An affordable online Investment Plan.
  • Choose between two premium payment terms - Single Pay or a limited premium payment term of 5 years while accruing benefits for 10 along with the flexibility of partial withdrawals.
  • Zero allocation charges(other charges as applicable).
  • Receive Tax benefits on the Premiums paid and benefits received.

How it works?

LET’S TAKE A LOOK AT THIS CASE STUDY
35 year old Aditya purchases our Bharti AXA eFuture Invest and would like to invest in the Grow Money Plus Fund. He chooses a 10 year policy term for a Sum Assured of Rs. 5,00,000. He pays an annual premium of Rs. 50,000 for 5 years.
1st Policy Year He starts paying Rs. 50,000* annually
5th Policy year He finishes paying annual premiums
10th Policy year At an assumed 4% rate of return, he receives Rs. 2,63,400 (Fund Value) on maturity
At an assumed 8% rate of return, he receives Rs. 3,63,554 (Fund Value) on maturity

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 18 years
Maximum age at entry 60 years
Maximum Maturity Age 70 years
Premium Modes Yearly, Half-yearly, Quarterly* and Monthly*
Minimum Premium Premium Payment Term: 5 years
Annual - Rs. 18,000
Semi Annual – Rs. 9,000
Quarterly – Rs. 4,500
Monthly – Rs. 1,500
Premium payment term: Single Pay
Rs. 25000
Rs. 1,00,00,000 for 5 pay
Rs. 8,00,00,000 for Single pay
Policy benefit period 10 years
Premium payment term Single Pay and 5 years

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An Affordable Online Plan
Buy the plan at a convenience of a click. Moreover, as this is an online plan, there are no commissions payable and hence the policy charges such as Mortality charges, Policy administration charges, Fund management charges are lower.

Zero Allocation Charges
With this plan, you are not charged any premium allocation charge.
*In this policy there are no allocation charges, however, other charges such as mortality, fund management, etc. are applicable.

Fixed Policy Term
The Policy Term under this product is of 10 years.

Limited Premium Payment
You have an option to choose from two premium payment terms –

  • Single pay
  • 5 years

Life Insurance Benefit
Higher of the Fund Value or Sum Assured.

Fund Options
You have option to invest through multiple fund options available with us and can choose from an array of 6 funds.

Extendable Investment Period (Settlement Period)
Take advantage of staying invested in the funds for an extended period of 5 years after maturity.

Liquidity Benefit with Partial Withdrawal
You have the option to avail the Partial withdrawal facility from your policy fund value, after your policy has completed 5 Policy years provided all premium are paid to date.

Tax benefits
For premiums paid as well as benefits received, as per the prevailing Tax laws. $Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time.

HEALTH PLANS

4 Reasons to Buy

  • Offers cover for 13 critical illnesses.
  • Can make up to 3 Claimsduring the Policy Term.
  • Reduces your burden bywaiving off future Premiums after the 1stClaim is made.
  • You get 100% Sum Assured for each Claim.

How it works?

1st Policy Year Starts paying an annual premium of Rs. 2,440
3rd Policy Year First claim Cancer of Specified Severity (Group C) is made
and Rs. 5,00,000 is paid and allfuture premiums are waved off
6th Policy Year Second claim Coma of Specified Severity (Group B) is made. Rs. 5,00,000 is paid
10th Policy Year Third claim Stroke Resulting in Permanent Symptoms (Group A) is made. Rs. 5,00,000 is paid
Total benefit Summary - Total critical illness benefit received Rs. 15 lakhs.

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 18 years
Maximum age at entry 80 years
Maximum Maturity Age 85 years

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What you will get?

  • Cover for up to three unrelated critical illnesses with premium waiver after the first claim
  • Lump sum payout of 100% of the Sum Assured for each claim
  • You will receive tax benefits under Section 80D for all premiums paid towards health insurance benefits of the Income Tax Act, 1961.

Why choose this plan?

You would like to avail of a comprehensive health insurance product that will continue to protect you even after you make a claim

4 Reasons to Buy

  • When your family is financially dependent on you.
  • Need a sufficient Sum Assured to take care of your liabilities or loans in case of any eventuality.
  • Easy affordable Premiums.
  • Enjoy Tax benefits on the Premiums paid and pay-out benefits received.

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 18 years
Maximum age at entry 65 years
Maximum Maturity Age 70 years

More Details

Two options to choose from. Option 1
Waiver of Premium on Death or Total and Permanent Disabilityprovides benefit of waiving off all future premiums due and payable under the Base Policy either on Death or on Total and permanent disability of the Person Insured.

Conditions for Total and permanent disability:

  • In order for a benefit to be payable, the disability must have persisted continuously for a period of at least 180 days and must, in the opinion of a suitable medical practitioner, appointed by the Insurance company, be deemed permanent.
  • Claim for Total and Permanent Disability will only be accepted if it has occurred after 90 days from the date of issue/date of revival of the rider.

Option 2
Waiver of Premium on Critical Illnessprovides the benefit of waiving off all future premiums due and payable under the Base Policy on the confirmed diagnosis of the Person Insured suffering from any one of the 11 critical illnesses covered under the Rider. Critical Illness covering 11 conditions are:

  • First Heart Attack - Of Specified Severity
  • Open Chest CABG
  • Kidney Failure Requiring Regular Dialysis
  • Major Organ/Bone Marrow Transplant (Kidney/Liver/Lung/Heart)
  • Open Heart Replacement or Repair Of Heart Valves
  • Stroke Resulting in Permanent Symptoms
  • Coma of Specified Severity
  • Multiple Sclerosis with Persisting Symptoms
  • Cancer of Specified Severity
  • Permanent Paralysis of Limbs
  • Benign Brain Tumour

Conditions for Critical Illness:

  • Claim for critical illness will only be accepted if the illness has occurred after 90 days from the date of issue/date of revival of the rider
  • The person insured should survive for 30 days following the date of diagnosis of Critical Illness. No benefit is payable if Person Insured dies within 30 days from the date of diagnosis

Non-forfeiture benefits

  • There is no surrender value or paid-up value available on this rider. On surrender of the base plan no rider benefit will be paid
  • The rider benefit will cease immediately if the base plan is terminated. The rider cover will also cease when a claim is paid

Taxes The tax benefits are subject to change as per change in Tax laws from time to time.

4 Reasons to Buy

  • Offers daily hospitalisation benefit (DHCB).
  • Includes lump sum pay-outas Intensive Care Unit benefit and Surgical Hospitalisation benefit.
  • Easy affordable Premiums.
  • Enjoy Tax benefits on Rider Premium as well as on base plan.

Who can buy?

Parameter Eligibility Criteria
Minimum age at entry 91 days (age last birthday)
Maximum age at entry 65 years (age last birthday)
Maximum Maturity Age 85 years
Policy Term 5, 7, 10, 15 & 20 years
Premium Payment Frequency Annual, Semi-Annual, Quaterly and Monthly*
Premium Payment Term Regular Premium
Maturity Benefit No Maturity Benefit is payable
Death Benefit No Death Benefit is payable
No Claim Bonus Not Available
Renewal Guaranteed Renewal till the end of Premium payment Term of the base policy-No medicals at the time of renewal.

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Benefits you will receive

Benefit Silver Gold Diamond
Hospital Cash Benefit
Daily Hospital Cash Benefit: DHCB 1,000 2,000 3,000
Intensive Care Unit Benefit: ICU + 100% of DHCB + 100% of DHCB + 100% of DHCB
Surgical Hospitalisation Benefit
Major Surgeries * 20 x DHCB 20 x DHCB 20 x DHCB
Minor Surgeries # 5 x DHCB 5 x DHCB 5 x DHCB
* For surgeries directly involving the brain, heart (including coronary arteries), liver & lung
# All other valid surgeries

The maximum Surgical Hospitalisation Benefit available in one policy year is capped to 90 times the DHCB
Day Limits for Hospital Cash Benefit
Daily Hospital Cash Benefit Maximum of 40 days of Hospital Stay in one policy year
Intensive Care Unit Benefit Maximum of 10 days of Intensive Care Unit stay in one policy year

4 Reasons to Buy

  • Receive enhanced protection in case of accidental death.
  • Flexibility to choose rider coverage term.
  • Flexibility to choose rider Sum Assured.
  • Enjoy Tax benefits on Rider Premium paid.

Who can buy?

Parameter Eligibility Criteria
Min/Max age at entry 18 years to 65 years (age last birthday)
Maximum Maturity Age 75 years
Minimum Premium Rs. 40 for Offline Products
Rs. 25 for Online Products
Rider Term Minimum: 5 years and Maximum: 75 years less Age at Entry.
(Rider Term cannot exceed the Policy Term of the Base Policy)
Premium Payment Term Same as Rider Term
Premium Payment Frequency Annual, Semi- Annual, Quarterly & Monthly *
Death Benefit 100% of Sum Assured in case of Accidental Death

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Financial protection against Accidental Death:
In the event of death of Life Insured due to an accident, the Sum Assured under the Rider will be paid to the Policyholder/nominee in addition to the Sum Assured under the base policy and the rider will cease to exist.

Tax Benefits:
You can avail the tax benefits on the premiums paid subject to the prevailing provisions under Section 80C of the Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time. There is no Maturity/Surrender Value applicable under this rider.

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