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BHARTI AXA LIFE SUPER ENDOWMENT PLAN A Non-Linked, Non-Participating, Limited Pay, Endowment Life Insurance Plan
About us: Bharti AXA Life Insurance is a joint venture between Bharti, one of India's leading business groups with interests in telecom, agri business and retail, and AXA, one of the leading companies in financial protection and wealth management. The joint venture company has a 51% stake from Bharti and 49% stake of AXA.
Bharti AXA Life Super Endowment Plan - A Non-Linked, Non-Participating, Limited Pay, Endowment Life Insurance Plan.
Life is full of uncertainties and as a responsible individual you aspire to give financial stability to your family and loved ones. You want to ensure that you and your family are well protected and your future needs are well taken care of. You want a solution which guarantees to help you lead a financially secured life with good returns, so that your needs are fulfilled at the right moment. At Bharti AXA Life, we understand this and have decided to act. We present to you Bharti AXA Life Super Endowment Plan- a plan that helps to build your wealth in a planned manner and meet your financial goals. ● The plan offers the option to choose from 10 Premium Payment and Policy Terms. ● Pay premiums for limited period and receive accrued Guaranteed Additions as Survival Benefit (one year before date of maturity) and lump sum amount as Maturity Benefit at the time of maturity. ● The Plan also provides additional Life Insurance coverage with the option of Extended Life Cover in case of an unfortunate event so as to provide financial backup to secure your family’s future . Product at a Glance
Policy Term 16 years 18/20 years
Age at Entry 2 years 91 days
Minimum age at entry
60 years for all Policy Terms 55 years age last birthday (if Extended Life Cover is opted)
Maximum age at entry
Maximum age at maturity
Policy Term 16 years 18 years 20 years Policy Term 16 years 18 years 20 years
Maximum age 76 years 78 years 80 years
Policy Term & Premium Payment Term
Premium Payment Term 8 years 9 years 8 to 15 years
The Policy Term is from the date of Commencement of Policy till the Maturity Date and does not include the Extended Life Cover Period. The Extended Life Cover Period will start immediately after Maturity.
Minimum Sum Assured ( ` ) Maximum Sum Assured ( ` )
` 50,000 No limit, subject to underwriting
Premium Payment Modes
Annual, Semi-Annual, Quarterly* & Monthly*
*Through auto-pay only
What are my benefits with Bharti AXA Life Super Endowment Plan? 1. Guaranteed Additions: Subject to the Policy being in-force and all due premiums being paid, Guaranteed Additions, equal to 10% of the Sum Assured shall accrue as per the schedule given in the table below:
Guaranteed Additions/Policy Term
11 th 12 th 13 th 14 th 15 th
13 th 14 th 15 th 16 th 17 th
15 th 16 th 17 th 18 th 19 th
At the start of the Policy year
b) With Extended Life Cover: The Policyholder also has the option to choose for Extended Life Cover benefit at inception of the Policy by paying additional premium throughout the Premium Paying Term. This coverage shall be applicable for the whole of Policy Term as well as for Extended Life Cover Period. Extended Life Cover Period is the number of years equal to half of the Policy Term, commencing from the Maturity Date. In case of the death of the Life Insured during the Grace Period of 30 days allowed for payment of premiums, the Death Benefit after deducting the unpaid due Premium and any other amount due, shall be payable and the Policy will be terminated. In case of the death of the Life Insured while the Policy is in lapse status, no benefit shall be payable and the Policy will terminate. Annualized Premium shall be the premium amount payable in a year chosen by the Policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. 1. 11 times Annualized Premium* 2. 105% of all premiums paid as on date of death 3. Absolute amount assured to be paid on death equal to the Sum Assured. Plus, any Guaranteed Additions accrued as on the date of death 4. Sum Assured on Maturity equal to Sum Assured under the policy. If a Policy becomes Paid Up, the Guaranteed Additions will accrue on the Paid Up Sum Assured. 2. Survival Benefit: In case the Life Insured survives till a year before maturity of the Policy and all premiums are duly paid, Survival Benefit equal to Guaranteed Additions accrued as on the date of payment of Survival Benefit shall be payable at the end of one year before the end of Policy Term for all Premium Payment Term and Policy Terms. 3. Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity Benefit shall be paid as Sum Assured on Maturity to the Policyholder for all Premium Payment Term and Policy Terms. 4. Death Benefit: a) Without Extended Life Cover: In case of the unfortunate event of death of the Life Insured during the Policy Term the Sum Assured on death will be paid which is highest of: If death of the Life Insured happens during the policy term, Sum Assured on death as defined in Point 4 (a), will be payable. In addition, Sum Assured as chosen at inception of the Policy shall also be payable. •
If the death of the Life Insured happens after the Policy Term and during the Extended Life Cover Period, Sum Assured as chosen at inception of the Policy shall be payable. •
Death Benefit shall be reduced by any Survival Benefit already paid.
6. Other Benefits under the Plan: For added protection the following Riders can be availed by paying additional premium along with Bharti AXA Life Super Endowment Plan. Bharti AXA Life Hospi Cash Rider: This Rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery. UIN: 130B007V03 Bharti AXA Life Accidental Death Benefit Rider: Under this Rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an accident. UIN: 130B008V02 Bharti AXA Life PremiumWaiver Rider: 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. UIN: 130B005V04 Bharti AXA Life Term Rider: Under this Rider the policyholder can increase the Life Insurance Coverage for a nominal premium. UIN: 130B009V02 No Riders shall be offered during the Extended Life Cover Period. The Policy Term of the Rider shall be less than or equal to the Premium Payment Term of the Base Policy. The Premium pertaining to health related or critical illness Riders shall not exceed 100% of premium under the Base Policy, the Premiums under all other Life Insurance Riders put together shall not exceed 30% of premiums under the Base Policy and any benefit arising under each of the above mentioned Riders shall not exceed the Sum Assured under the Base Policy. 5. Tax Benefit: 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.
Case Study (For Illustration Purpose only) Ravi is 35 years old married man and has following concerns:
Proposed solution: Ravi purchases Bharti AXA Life Super Endowment Plan and invests ` 50,000 p.a. (exclusive of taxes). He chooses a policy term of 20 years and premium payment term of 10 years. Ravi is looking for a simple plan with good returns where he can invest for a limited time period and get a lump sum amount to be utilized for his child’s marriage. He also wants to secure his future and shield his family against any unfortunate event that could happen to him. 1. 2.
Illustration 1: Let us look at the benefits that Ravi would receive so as to fulfil his future goals.
Guaranteed Benefit ` 3,33,378 ` 6,66,756
End of Policy Year
Guaranteed Benefit as % of Sum Assured 50% 100%
19 th Year 20 th Year
Survival Benefit Maturity Benefit
Needs Met :
He pays the premium for 10 years and receive total benefits more than double the premiums paid. The Survival Benefit is paid out to Ravi at the end of 19 th year and lump sum Sum Assured on Maturity is paid at the end of 20 th year. In case of death of Ravi during the Policy Term, his family would receive ` 6,66,756 as Death Benefit.
Illustration 2: In case Ravi opts for Extended Life Cover for the same Sum Assured of ` 6,66,780 he pays an Annual Premium of ` 54,796 (excluding tax). With all the benefits remaining same, in case of death of Ravi, his nominee would receive :
Death Benefit payable
Death Benefit (in ` )
During Policy Term During Extended Life Cover Period of 10 years
` 13,33,560 ` 6,66,780
In case of Death of the Life Insured, the nominee is eligible to receive the Death benefit.
BEWARE OF SPURIOUS/FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Life Insurance Coverage is available under this product.
Trade Logos used in the document belong to the Bharti Enterprises (Holdings) Private Ltd. and AXA SA respectively and are used by Bharti AXA Life under license. and Bharti AXA Life Insurance Company Ltd. is only the name of the Company and Bharti AXA Life Super Endowment Plan is name of the traditional non-participating insurance policy and does not in any way represent or indicate the quality of the product or its future prospects. * Tax benefits are as per income tax Act, 1961, and are subject to any amendments made thereto from time to time. This is not a sales brochure, for more details on risk factors, policy exclusions, terms and conditions, please read the sales brochure available on the website of the company at www.bharti-axalife.com carefully before concluding a sale. Bharti AXA Life Insurance Company Ltd. Regd. Office address: Bharti AXA Life Insurance Company Ltd. [IRDAI Regd. No. 130] Unit No. 1904, 19th Floor, Parinee Crescenzo, 'G' Block, Bandra Kurla Complex, BKC Road, Near MCA Ground, Bandra East, Mumbai - 400051, Maharashtra. CIN: U66010MH2005PLC157108, UIN:130N089V02 , Advt no.: II-Apr-2020-2122
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