Life Insurance How will I fulfil my family’s lifestyle needs in the future?
A plan that offers a lump sum Payout at the Bharti AXA Life Super Series
end of the Premium Payment Term followed by increasing Guaranteed* Payouts until Maturity and a lump sum Payout at Maturity.
*Guaranteed Money Back Benefits will be paid annually to the Policyholder starting from the end of the Premium Payment Term provided all premiums are paid.
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. About us:
Bharti AXA Life Super Series Non-linked, Non-Participating Life insurance Plan
Life often throws many unplanned challenges at us. It is important to be ready for these challenges and not get caught off guard. We need to secure our family’s financial future against such challenges through proper financial planning and by investing in the right products so that we do not let the ups and downs of life impact the dreams and goals of our family. At Bharti AXA Life, we understand this and have decided to act. Presenting Bharti AXA Life Super Series - a Non-Participating, Money Back Plan. This plan provides you Guaranteed Income which increases every year through-out the Payout Period and Guaranteed periodic lump sums at the start and end of the Payout Period to fulfill your family's goals. The Life Insurance Cover ensures your family continues to fulfill their goals in case of any unforeseen eventuality, even in your absence.
What are my advantages with Bharti AXA Life Super Series?
Option to choose from Super 6 or Super 10: You can choose from any of the Super 6 or Super 10 options depending on the desired investment duration and returns. Under the Super 6 option you need to pay premiums for 6 years and under the Super 10 option you need to pay premiums for 10 years. The duration of Guaranteed Money Back Benefits will also be 6 years and 10 years respectively
SUPER 6 SUPER 10
for Super 6 and Super 10 options. Guaranteed Money Back Benefits:
You get Guaranteed Cash Payouts every year from the end of Premium Payment Term till Maturity of the Policy (provided all due premiums are paid and the Policy is in-force) or death, whichever is earlier. You receive a lump sum Cash Payout of 50% of ‘Sum Assured on Maturity’ at the end of Premium Payment Term to help fulfill your pending desires. Not only this, the lump sum Payout is followed by Guaranteed Cash Payout of 12% of ‘Sum Assured on Maturity’ in next year which increases by an additional 3% for all subsequent Annual Payouts to help fulfill your wishes and also sustain your lifestyle. Maturity Benefit: On Maturity date, ‘Sum Assured on Maturity’ will be paid to you, to help create a corpus of money for important life events like marriage, education etc., subject to Policy being
in-force at the time of Maturity. Guaranteed Maturity Addition:
In addition, a Guaranteed Maturity Addition of 30% of the ‘Sum Assured on Maturity’ will also be paid as a reward for staying invested in the Policy for the entire Policy term. Basic Life Insurance Cover: Get higher of ‘Sum Assured on Maturity’, or 11 times the Base Annualized Premium for Super 6 Option and 15 times the Base Annualized Premium for Super 10 Option as the benefit available on death of the Life Insured. The Death Benefit payable at any point in time will not be less than 105% of all premiums paid as on date of death. For Policies issued on Minor Life, the date of Commencement of Policy and date of Commencement of Risk shall be same. 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.
(For illustration purpose only): Sahil is 35 years old. He is married and has an 8 year old son. His wife is a homemaker. Concerns: 1. He is concerned about his son’s higher education and rising day to day expenses 2. He wants to create a corpus of money for important life events like Retirement and Marriage Proposed Solution: Sahil purchases Bharti AXA Life Super Series and invests ` 48,598 as Annualized Premium. He chooses the Super 10 option with Premium Payment Term of 10 years and Policy Term of 20 years. Assuming that Sahil is in good health, ‘Sum Assured on Maturity’ as per his age is ` 2,00,000.
Sahil pays Premium of ` 48,598* for 10 years
Starts receiving payouts from 10 th year onwards
17 18 19 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 20 1 Year Year Year
Total Premiums Paid ` 4,85,980*
He receives Life Cover for 20 years
Total Guaranteed Benefits ` 7,92,000
*Exclusive of tax
Needs met: 1. Sahil will receive the 1 st Payout worth ` 1,00,000 when his son is 18 years old. This Payout will help him fund his son’s higher education needs. 2. The Guaranteed Money Back Benefits will continue for the next 10 years supporting his son’s college as well as Sahil’s day to day requirements.This ensures that there is no additional financial burden on Sahil during his son’s college days. 3. Sahil will also receive a Lump Sum Amount of ` 2,60,000 when he is of age 55 years. Sahil can use this money for his retirement dreams.
Super Series Option Policy term
Super 6 12 Years 6 Years 6 Years 63 Years ` 18,000
Super 10 20 Years 10 Years 0 Years 60 Years ` 15,000
Premium Payment Term Minimum age at entry (age last birthday) Maximum age at entry (age last birthday) Minimum Annualized Premium Minimum ‘Sum Assured on Maturity’
Depends on the Minimum Premium
Premium Payment Modes
Annual, Semi-Annual, Quarterly* & Monthly*
* Through Auto-Pay only
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 Series is the 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: 130N066V03 , Advt no.: II-Apr-2020-2163
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