Bharti AXA Life Elite Advantage Plan e-Brochure

Life Insurance

Why settle for one benefit, when you can get lump sum at maturity and regular payouts too?

Bharti AXA Life Elite Advantage

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.

Maximum age at entry is 65 years

*Payable at the end of Maturity Payout Period.

# Starts after the Policy Term, provided the Policy is in-force, and depends upon Premium Payment Term and Premium Band. ^Guaranteed Payout is % of Sum Assured at Maturity.

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 Elite Advantage (Non-Linked, Non-Participating, Savings & Protection Oriented Life Insurance Plan)

With increasing responsibilities, your life stage needs change and the desire to fulfill the dreams of your loved ones becomes stronger. You wish only the best for your family and tending to their needs is your priority. Your child’s education, renovating your house, long due vacation or even securing your golden years, the list increases with time. You also want your family to be financially protected in case something unfortunate were to happen. You will always be willing to walk that extra mile to ensure that their needs and dreams are provided for and that they lead a protected, comfortable life both today as well as in the years to come. We bring to you Bharti AXA Life Elite Advantage - a Traditional, Non-Participating, Savings and Protection Oriented Plan. You pay premiums for the chosen Premium Payment Term. At the end of the Policy Term, the Maturity Payout Period will start during which Guaranteed Payouts will be paid from the end of the Policy Term till the end of the 19th year. At the end of the 20th year, 100% of Sum Assured on Maturity will be paid to the Policyholder provided that the Policy is in-force. At Bharti AXA Life, we understand your needs and have decided to act. 1. Basic Life Insurance Cover: Get higher of Sum Assured on Maturity or 11 times the Annualised Base Premium or 105% of premiums paid till date of death, in case of an unfortunate event of loss of life of the Life Insured during the Policy Term. What are my advantages with Bharti AXA Life Elite Advantage? 2. Maturity Benefit: In case the Life Insured survives until 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. The frequency of the Guaranteed Payout will be Annual/Semi-Annual/Quarterly as chosen by the Policyholder.

Sum Assured: 100% of the Sum Assured at Maturity is paid at the end of the 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 ( ` )

Guaranteed Payout*

24,000 - 49,999 50,000 - 99,999

8.5%

End of the 10 th to end of the 19 th year

5 years

9%

1,00,000 and above

9.5% 8.5%

15,000 - 49,999 50,000 - 99,999

End of the 12 th to end of the 19 th year

9%

7 years

1,00,000 and above

9.5% 8.5%

12,000 - 49,999 50,000 - 99,999

End of the 12 th to end of the 19 th year

9%

12 years

9.5%

1,00,000 and above

*Guaranteed Payout is % of Sum Assured at Maturity.

3. Option to choose Premium Payment Term: There are three Premium Payment Terms available. You can opt between a Premium Payment Term of 5, 7 and 12 years. The Policy Term depends upon the Premium Term chosen. 4. Tax Benefits: You can avail of 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 Policyholder has an option to take the above mentioned Maturity Benefit as a lump sum. The lump sum shall be calculated as a Net Present Value of future payouts at guaranteed rate of 5% p.a.

Boundary Conditions

Premium Payment Term

5 Years

7 Years & 12 Years

Policy Term

10 Years

12 Years

Minimum Age at Entry*

8 Years

6 Years

Maximum Age at Entry

65 Years

65 Years

` 15,000 for 7 Year Premium Payment Term ` 12,000 for 12 Year Premium Payment Term

Minimum Annualised Premium (without taxes)

` 24,000

From the end of the 10 th Year till the 20 th Year

From the end of the 12 th Year till the 20 th Year

Maturity Payout Period

*Age as on last birthday

Case Study (For illustration purpose only): Mohan is 35 years old. He is married and has a 4 year old daughter. His wife is a homemaker. Concerns: 1. He is concerned about expenses that he would incur when his daughter grows up. For e.g. higher education, marriage expenses, etc. 2. Mohan is looking for a guaranteed benefit product as he wants to be certain about the future of his daughter. He does not want to invest in unit-linked insurance policies or equities. 3. He also wants to secure his family by ensuring that they are protected in case of an unfortunate event. Proposed solution: Mohan purchases Bharti AXA Life Elite Advantage and invests ` 1,00,000 as Annualised Premium. He chooses a Policy Term of 12 years and Premium Payment Term of 12 years. Assuming that Mohan is in good health, his sum assured as per his age is ` 11,87,648.

Mohan pays premium of ` 1,00,000 p.a. for 12 years

Maturity Payout Period

4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

1

2 3

YEAR

Guaranteed Payout of 1,12,827 p.a. (9.5% of Sum Assured at Maturity) `

Life covered for 12 years

Sum Assured on Maturity ` 11,87,648

Needs met: 1. He will receive the maturity benefit in regular installments from the end of the Policy Term till the end of the 19th year. These payouts could serve as a second income and also help in paying school and college expenses. 2. The lump sum amount that he will receive at the end of the 20th year could be used for his daughter’s higher education expenses or for her marriage. 3. Life Cover is available in case of an unfortunate event during the Policy Term. 4. In case of loss of life of Mohan during the first 11 years, his family will get ` 11,87,648. In case of loss of life during the 12 th year, his family will get ` 12,60,000.

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 Elite Advantage is the name of the Non-Linked, Non-Participating, Savings & Protection Oriented Life Insurance plan 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: 130N060V05 , Advt no.: II-Apr-2020-2120

Click here to Calculate Premium

SMS SURAKSHA to 56677 We will get in touch within 24 hours to address your query.

Toll-free: 1800 102 4444

For locating a branch near you, please visit www.bharti-axalife.com

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