Bharti AXA Life Monthly Income Plan+ e-Brochure

Life Insurance

How do I fulfill the little joy in my loved ones’ lives?

Bharti AXA Life Monthly Income Plan +

A plan that offers 'Guaranteed*' Monthly Income with the upside of Non-Guaranteed Bonuses.

*You will receive Guaranteed Monthly Income after the completion of the Premium Payment Term until Maturity, if the Policy is in-force.

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 Monthly Income Plan+ A Limited Pay, Traditional, Participating Life Insurance Plan

Every month comes with a new wish. Be it a laptop for your kid's birthday, a trip abroad for your wife or a renovation for your home. You often postpone these desires in the pursuit of fulfilling immediate needs. We understand this, and bring to you a plan that guarantees you an extra source of monthly income that enables you to fulfill those long pending wishes and desires. Brighten up your day with your loved one's smile that makes life worth living. Even in an adverse situation, if something unfortunate were to happen to you, you can ensure that your family maintains their standard of living by receiving a higher monthly income. Bharti AXA Life Monthly Income Plan+ is a Limited Premium Payment, Traditional, Participating Life Insurance Plan ensuring a Guaranteed Monthly Income that helps to fulfill your loved ones' desires while protecting them in case of an unfortunte event.

What are my advantages with Bharti AXA Life Monthly Income Plan+ ?

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. 1. Guaranteed Monthly Income which is Tax Free* :

Non-Guaranteed Simple Annual Reversionary Bonuses get accrued to the Policy from the end of 1 st policy year and get paid out on Maturity or on death, subject to Policy being in-force. You may also receive Non-Guaranteed Terminal Bonus either on death or maturity. 2. Potential Upside through Bonuses:

In case of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee, subject to Policy being in-force. 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. 3. Life Insurance Benefit :

Death Benefit Period (in months)

Policy Term

Death Benefit

165% of Monthly Income for Ages < 45 150% of Monthly Income for Ages > = 45 140% of Monthly Income for all Ages 110% of Monthly Income for all Ages

15 years

96

20 years 30 years

120 180

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 installment. The nominee has an option to take the above mentioned Death Benefit as a lump sum. The lump sum shall be calculated as a Net Present Value of future monthly incomes at 8% p.a. This rate may be revised subject to approval from IRDA.

4. Tax benefits for premiums paid and benefits received, are as per the prevaliling tax laws which are subject to changes.

4. Tax benefits for premiums paid and benefits received, are as per the prevaliling tax laws which are subject to changes.

Product at a Glance

Premium Payment Term (in years) Policy Term (in years) Minimum entry age (in years) Minimum entry age (in years) Maximum maturity age (in years) Minimum Monthly Income Minimum Sum Assured Which is: Minimum Monthly Income* the period for which the Monthly Income is payable Minimum Premium

7 15 3 65

10 20 0 60

15 30 0 50

80

` 2000

` 1750

` 750

` 192,000

` 210,000

` 135,000

Depends upon the Minimum Monthly Income Annual, Semi-Annual, Quarterly * & Monthly *

Premium Payment Modes

*Through ECS only

Case Study : Rohit is 35 years old. His wife is a homemaker and he has a son who is 1 year old. Proposed solution: Rohit purchases Bharti AXA Life Monthly Income Plan+ with a Policy Term of 15 years. He wishes to receive ` 3,000 as Guaranteed Monthly Income. His Premium Payment Term will be 7 years.

` 3,000 ` 35,715 ` 80,784 ` 4,950 ` 9,504

Monthly Income in case of survival Monthly Income (in case of death)

Annualised Premium (exclusive of any service tax and cess) *Vested Non-Guaranteed Benefits assuming 8% Gross rate of return *Vested Non-Guaranteed Benefits assuming 4% Gross rate of return

* The Gross rate of return shown above is the return earned on the participating fund of the company and is not guaranteed.

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 is only the name of the Company and Bharti AXA Life Monthly Income Plan+ is the name of the traditional participating life 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: 130N057V02 , Advt. No.: II-Apr-2020-2125

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Toll Free No.: 1800 102 4444

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