Is there a plan that secures me for life and provides guaranteed payouts? Life Insurance
(Non-Linked Participating Whole Life Limited Pay Life Insurance Product) A plan that offers dual advantage of Guaranteed* Annual Payouts and protection upto age 100 . Bharti AXA Life Aajeevan Sampatti +
*Guaranteed Annual Payouts up to 6% of the Sum Assured value will be paid every year from the end of the 10th policy year until death or maturity provided 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 Aajeevan Sampatti+ (Non-Linked Participating Whole Life Limited Pay Life Insurance Product) At various stages in life, you assume roles that are in line with your responsibilities. Be it that of a caring husband, a responsible father or a loving grandfather. In this journey of life, you are key to ensuring that your family is adequately protected. At Bharti AXA Life, we have decided to act by partnering you throughout your life. We bring to you, Bharti AXA Life Aajeevan Sampatti+, a traditional participating whole life plan that ensures you a worry-free life with guaranteed payouts and adequate protection. Guaranteed Annual Payouts: This plan assures Guaranteed Annual Payouts until Maturity (except in the policy year coinciding with maturity). Once you complete the 10" Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier. The Guaranteed Annual Payout percentage depends on the Policy Term option chosen and is mentioned below. What are my advantages with Bharti AXA Life Ajeevan Sampatti+? Limited Pay Period: You may choose a Premium Payment Term of 7 years, 10 years or 15 years at inception of your policy.
Policy Term To age 100 To age 85
Guaranteed Annual Payout Percentage 5.5% of Sum Assured on Maturity 6% of Sum Assured on Maturity
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. Life Insurance benefit: Your coverage under the Policy will continue until you reach the age of either 100 or 85 years as per the Policy Term selected. In case of unfortunate event of loss of life 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: a) Sum Assured on Maturity OR b) 11 times Annualised Premium OR c) 105% of all premiums paid (excluding an underwriting extra premium). 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.
Discounts on opting for a Higher Sum Assured: You will be eligible to receive a discount on your base premium rate if you opt for a Sum Assured on Maturity of ` 24,00,000 or more.
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.
Product at a Glance
Minimum age at entry (age last birthday) Minimum age at entry (age last birthday) Minimum age at eMaturity (age last birthday) Premium Payment Term options available
60 years for ‘To age 100’ Policy Term 50 years for ‘To age 85’ Policy Term Either 100 or 85 years depending on the Policy Term chosen
7 years, 10 years or 15 years
Minimum Sum Assured on Maturity ( ` ) Minimum Sum Assured on Maturity ( ` )
No Limit, subject to underwriting
Annual, semi-annual, quarterly * & monthly * Will depend on the minimum Sum Assured on Maturity
Minimum Premium ( ` ) Premium Payment Modes
*Through auto-pay only
Rahul is 30 years old. His wife is a homemaker and his 6-year-old son is studying in the 1st standard. He has a few concerns about his financial preparedness: • He may exhaust all his savings on his mortgage repayment and the education of his son. • His retirement savings like PF, PPF may be compromised because of daily expenses. • He would like a product that provides him with a regular payout throughout his life. • He also wants to secure his family by ensuring they get a lump sum amount in case of an unfortunate event.
Proposed solution: Rahul purchases Bharti AXA Life Aajeevan Sampatti+ with a Premium Payment Term of 10 years and coverage until the age of 100 years. He chooses a Sum Assured on Maturity amount of ` 5,00,000. Assuming that Rahul is in good health, his premium as per his age is ` 1,07,310 p.a. (exclusive of taxes).
*The gross rate of return shown above is the return earned on the participating fund of the company & 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 Company Ltd. is only the name of the Company and Bharti AXA Life Aajeevan Sampatti+ is the name of the traditional participating insurance product 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:130N058V03 , Advt no.: II-Apr-2020-2121
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