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    Bharti AXA Life eAajeevan Sampatti+ Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    The Bharti AXA Life eAajeevan Sampatti+ Plan is a traditional non linked participating whole life limited pay plan. The Bharti AXA Life eAajeevan Sampatti+ Plan ensures that the policyholder enjoys a life free of worries. It offers adequate protection and guaranteed payouts to the policyholder. At different stages of life, different responsibilities come in. Be it that of a loving grandfather, a responsible father or a caring husband. The Bharti AXA Life eAajeevan Sampatti+ Plan offers protection to your loved ones when it is needed and gives you the peace of mind that you deserve.

    The Bharti AXA Life eAajeevan Sampatti+ Plan assures annual payouts till maturity. After completing the 10th Policy Year, the policyholder will be getting the guaranteed annual payouts until death of the insured or maturity, whichever is earlier. The policy term chosen by the policyholder determines the guaranteed annual payouts.

    Eligibility – Who is the Bharti AXA Life eAajeevan Sampatti+ Plan for?

    In order to buy the Bharti AXA Life eAajeevan Sampatti+ Plan, a customer has to fulfil certain eligibility criteria with respect to his/her age and the amount of insurance he/she seeks. These conditions are as shown below:

    Parameters Criteria for Eligibility
    Minimum age at entry 91 days
    Maximum age at entry for ‘To age 85’ term 50 years
    Maximum age at entry for ‘To age 100’ term 60 years
    Maximum age at maturity 85 years or 100 years depending on policy term.

    Sum Assured and Premium Range – What you get and what it costs?

    Sum Assured – It is the amount paid out at maturity, after the policy term ends. It is also paid out to the nominee in case the insured person encounters death in an unfortunate event. Under the Bharti AXA Life eAajeevan Sampatti+ Plan, if the policyholder chooses a sum assured of Rs.4,00,00 or more, he/she can avail a discount of 2% on the premium rate. The options for premium payment term available under the Bharti AXA Life eAajeevan Sampatti+ Plan are 10 years and 15 years. The minimum sum assured that can be availed by the policyholder at the time of maturity is Rs.50,000. There is no limit on the maximum sum assured under the Bharti AXA Life eAajeevan Sampatti+ Plan.

    Minimum sum assured at the time of maturity Rs.50,000
    Maximum sum assured at the time of maturity No limit. However, it is subject to the underwriting.

    Premiums – It is the amount that the policyholders pays at one go or at regular intervals to keep the policy active. The premium payment mode that the policyholder can choose under the Bharti AXA Life eAajeevan Sampatti+ Plan are annual, semi-annual, quarterly and monthly. Quarterly and monthly premium payment modes can be availed via autopay only. The minimum premium amount for the Bharti AXA Life eAajeevan Sampatti+ Plan depends on the minimum sum assured upon maturity.

    Modes of premium payment Annual, semi-annual, quarterly and monthly
    Minimum Premium Depends on the minimum sum assured upon maturity
    Premium payment term options 10 years and 15 years

    Disclaimer – premiums may vary depending upon factors like location, age, term of the plan, etc.

    Plan Coverage – What the Bharti AXA Life eAajeevan Sampatti+ Plan covers?

    Maturity Benefit The policyholder can avail the sum assured upon maturity.
    Life Insurance Benefit In case the life insured encounters death in an unfortunate event, sum assured paid upon demise is higher of:
    • The sum assured upon maturity, or
    • Eleven times annualised premium except the modal factors and extra premium)
    The death benefit under the Bharti AXA Life eAajeevan Sampatti+ Plan is higher of the sum assured payable upon demise of the insured or 105% of total premiums paid.
    Survival Benefit
    • 5.5% of sum assured upon maturity as guaranteed payout each year starting from end of the 10th policy year for the ‘To age 100’ policy term.
    • 6% of sum assured upon maturity as guaranteed payout each year starting from end of the 10th policy year for the ‘To age 85’ policy term.
    • Cash bonuses are paid out each year. It starts from the end of the 6th year policy.

    Riders/Add-on plans – Additional Coverage under the Bharti AXA Life eAajeevan Sampatti+ Plan

    The Bharti AXA Life eAajeevan Sampatti+ Plan can be enhanced by opting for riders. The riders that are available under the Bharti AXA Life eAajeevan Sampatti+ Plan are as follows:

    • Bharti AXA Hospi Cash Rider – The Hospi Cash Rider allows fixed benefit payment for all days of hospitalisation and also offers a lump sum amount as benefit in case of surgeries.
    • Bharti AXA Premium Waiver Rider – In case of an unfortunate event, where the policyholder encounters death, the Premium Waiver Rider ensures that all the unpaid premiums are waived off.

    All the riders are optional. The policyholder must purchase them at an extra cost to enhance his/her base policy. Availing a policy rider can offer better protection to the insured individual and his/her loved ones.

    Exclusions – What the Bharti AXA Life eAajeevan Sampatti+ Plan does not cover?

    Suicide Exclusion – In case the insured individual commits suicide, whether insane or sane, within a period of 12 months from the commencement date of the Bharti AXA Life eAajeevan Sampatti+ Plan, the insurer will terminate the policy. In case the insured individual commits suicide, whether insane or sane, within a period of 12 months from the reinstatement date of the Bharti AXA Life eAajeevan Sampatti+ Plan, the insurer will pay the higher of the surrender value or 80% of the premiums.

    Other Key Features of Bharti AXA Life eAajeevan Sampatti+ Plan:

    Free look period In case the policyholder does not agree with the terms and conditions of the Bharti AXA Life eAajeevan Sampatti+ Plan, he/she can return the policy to the insurer within a period of 30 days. The policyholder must provide his/her reasons for not choosing the policy. The premium paid will be refunded after applicable deductions for stamp duty, medical exams (if any), etc.
    Grace period The policyholder can avail a period of 30 days to make payments for his/her premium. During this time, the policy will remain active and the insured individual will be able to enjoy the cover and benefits.
    Lapsation In case the premium is not paid on time (due date), grace of 30 days is offered to the policyholder for payment of premiums. Benefits remain unaffected during this period.
    Loans In case the policyholder faces a financial problem at any point, he/she avail a loan from the insurer under the Bharti AXA Life eAajeevan Sampatti+ Plan.
    Reinstatement The policy can be reinstated within a period of two years from the date of first unpaid premium. The insurer needs the following:
    • Written application from the policyholder stating intent of reinstatement.
    • Insurability evidence that is satisfactory.
    • Payment of the premiums that are overdue along with interest as mentioned by the organisation from time to time.

    Tax Benefits – How you can save under the Bharti AXA Life eAajeevan Sampatti+ Plan?

    Tax benefits are available under the Bharti AXA Life eAajeevan Sampatti+ Plan as per the prevailing tax laws.

    Why you should buy the Bharti AXA Life eAajeevan Sampatti+ Plan from Bharti AXA?

    Bharti AXA Life Insurance is one of the leading insurance solution providers in India. Bharti has 51% stake in the company and AXA has 49% stake in the company. The insurance products offered by this company come with a myriad of benefits and features. The policies are tailored to meet all the changing needs and requirements of the customers. The Bharti AXA Life eAajeevan Sampatti+ Plan ensures that the policyholder enjoys a life free of worries. It offers adequate protection and guaranteed payouts to the policyholder. At different stages of life, different responsibilities come in. Be it that of a loving grandfather, a responsible father or a caring husband. The Bharti AXA Life eAajeevan Sampatti+ Plan offers protection to your loved ones when it is needed and gives you the peace of mind that you deserve.