Bharti AXA Life eFuture Invest Plan

Bharti AXA Life eFuture Invest Plan is an online Linked, Limited Pay Endowment Life Insurance plan offered by Bharti AXA Life Insurance to help you maintain a comfortable lifestyle while also ensuring financial protection for your family. Under this plan, you can get the following benefits:

• Maintain a robust investment portfolio and earn higher returns.
• You can choose to pay the premium just once by opting the Single Pay option or make limited payments for a period of 5 years under the Limited Pay option.
• Provide financial protection for your family for a period of 10 years.
• You can choose from 6 different investment fund options to invest your money in.

Eligibility - Who is the Bharti AXA Life eFuture Invest Plan for?

Listed below are the eligibility factors you must meet to purchase Bharti AXA Life eFuture Invest Plan:

Minimum entry age	18 years
Maximum entry age	60 years
Maximum maturity age	70 years

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

The premium, Sum Assured, and Premium Payment Term for Bharti AXA Life eFuture Invest Plan are as follows:

Premium Payment Term (PPT)	Single Pay or 5-years Limited Pay
Premium Payment Modes	Monthly, quarterly, half-yearly or yearly
Minimum Premium	For PPT of 5 years: Annual mode - Rs.18,000 Semi-annual mode - Rs.9,000 Quarterly mode - Rs.4,500 Monthly - Rs.1,500 For Single Pay: Rs.25,000
Maximum Premium	For 5 pay - Rs.1 crore For Single pay - Rs.8 crores
Policy benefit period	10 years
Sum Assured	For Single Pay - 125% of Single Premium For 5 years - Higher of 10 times the annualized premium or 0.5 times the Policy Term multiplied by annualized premium

Plan Coverage - What the Bharti AXA Life eFuture Invest Plan covers?

Under Bharti AXA Life eFuture Invest Plan, you can get the following benefits:

• Life insurance benefit is the highest of Sum Assured, 105% of all premiums paid or Fund Value.
• Extendable investment period: After maturity, you have the option to extend the investment period up to 5 years.
• Partial withdrawal: You can make partial withdrawals from your policy fund value after the completion of the 5th policy year, provided all premiums are paid up to date. The minimum partial withdrawal is Rs.5,000.
• Switch and premium redirection: You can switch funds between equity and debt up to 12 times in a policy year for free. From the 13th switch, you will charged Rs.100 per switch. The minimum value of a switch is Rs.1,000.
• Maturity benefit: Policyholder can choose to get a lump sum payment of the Fund Value, withdrawal of maturity benefit at regular intervals during the settlement period or a combination of the two options.
• Settlement period: The policyholder can extend investment period up to 5 years after maturity date. During this period, you can’t make partial withdrawals.
• Investment fund options: You can choose from the following 6 investment fund options to invest your money in:

Fund Name	Asset Allocation	Risk Profile
Growth Opportunities Plus Fund	Government bonds and securities (NA), corporate bonds and bank deposits (NA), cash, money market, and short-term bonds (0-20%), and equities (80-100%)	High
Grow Money Plus Fund	Government bonds and securities (NA), corporate bonds and bank deposits (NA), cash, money market, and short-term bonds (0-20%), and equities (80-100%)	High
Build India Fund	Government bonds and securities (NA), corporate bonds and bank deposits (0-20%), cash, money market, and short-term bonds (0-20%), and equities (80-100%)	High
Save’n’grow Money Fund	Government bonds and securities (0-40%), corporate bonds and bank deposits (0-50%), cash, money market, and short-term bonds (0-40%), and equities (0-60%)	Moderate
Steady Money Fund	Government bonds and securities (40-60%), corporate bonds and bank deposits (20-80%), cash, money market, and short-term bonds (0-40%), and equities (NA)	Low
Safe Money Fund	Government bonds and securities (40-60%), corporate bonds and bank deposits (0-60%), cash, money market, and short-term bonds (0-40%), and equities (NA)	Low

 

Exclusions - What the Bharti AXA Life eFuture Invest Plan doesn’t cover?

Under Bharti AXA Life eFuture Invest Plan, the nominee will be paid only the policy fund value in the case of suicide within 1 year from the date of policy issue or revival.

Other Key Features – Freelook Period, Surrender Values, Grace Period etc.

Listed below are the key features of Bharti AXA Life eFuture Invest Plan:

• Free-look period: From the date of receipt of the policy document, you are given 15 days to review the terms and conditions of the policy. If you have any objection to the terms and conditions, you have the option to return the policy. For policies purchased through distance marketing, the free-look period is 30 days.
• Grace period: You are given a grace period of 15 days for monthly mode and 30 days for other modes to pay your premiums without interest.
• Policy discontinuance: The policy will be discontinued if you fail to pay the premiums within the grace period. At the end of grace period, you will receive a reminder from the company with 15 days to either pay the premium to continue the policy or withdraw from the policy. If you the company doesn't receive any intimation within 30 days from the receipt of notice, it will be assumed that you have decided to withdraw from the policy without risk cover.
• Revival: You can revive the policy within 2 years from the date of the first unpaid premium. For revival, you have to submit written request and pay all the premiums due till the reinstatement date. You must also provide proof of insurability.
• Surrender: If the policy is surrendered any time before the completion of the 5th policy year, then the Fund Value will be transferred to the Discontinued Policy Fund after discontinuance charge is deducted. The fund will earn a minimum guaranteed interest rate of 4% p.a. Fund Management Charge of the Discontinued Policy Fund will be deducted. Life Cover is not payable. Fund Value will be paid on the 1st working day of the 6th policy year. Policy will cease after Fund Value is paid. If the policy is surrendered after the completion of 5th policy year, then the Fund Value will be paid immediately.
• Charges: There is no Allocation Charge for this online plan. Other charges such as Fund Management Charge, Mortality Charge, and Policy Administration Charge are applicable.
  • Fund Management Charge is as follows:

    Fund Name	Fund Management Charge
    Growth Opportunities Plus Fund	1.35% p.a.
    Grow Money Plus Fund	1.35% p.a.
    Build India Fund	1.35% p.a.
    Save’n’grow Money Fund	1.25% p.a.
    Steady Money Fund	1.00% p.a.
    Safe Money Fund	1.00% p.a.
    Discontinued Policy Fund	0.50% p.a.

  • Policy Administration Charge is as follows:

Policy Year	5 years	Single premium
1 to 5	0.45%	0.18%
6 and above	0.45%	0%

Tax Benefits – How you can save with the Bharti AXA Life eFuture Invest Plan?

Under Bharti AXA Life eFuture Invest Plan, you can get tax deductions on the following:

• On premiums paid under Section 80C of the Income Tax Act, 1961.
• On maturity proceeds under Section 10(10D) of the Income Tax Act, 1961.

Other Benefits – How you can save with the Bharti AXA Life eFuture Invest Plan?

There are several other benefits of purchasing insurance plans from Bharti AXA Life Insurance such as:

• Customer service: For any insurance related queries, call toll-free number at 1800-102-4444, SMS SERVICE at 56677 or mail to service@bharti-axalife.com.
• Online application: As Bharti AXA Life eFuture Invest Plan is an online plan, you can purchase it through the company website.
• Premium calculator: You can calculate premiums using the online premium calculator that is available on the company website.
• Grievance redressal: Bharti AXA Life has a dedicated grievance redressal cell to resolve your grievances at the earliest. You can register complaints online through the company website or email to complaints.unit@bharti-axalife.com.
• Premium payment: You can make premium payments through ECS for this plan. For other plans, you can make premium payments through netbanking, credit card, cash or cheque.
• Claim: You can initiate your claim online through the company website, visit the nearest Bharti AXA Life branch, call 1800-102-4444 for assistance with your claim process. The claim will be paid to the policyholder if the policyholder and the life insured are 2 different persons. If the policyholder and life insured are the same person, then the claim will be paid to the nominee.
• Policy alerts: You can register to get policy updates and alerts via email or SMS notifications.

Why should you buy Bharti AXA Life eFuture Invest Plan from Bharti AXA Life Insurance?

The following are the reasons why you should buy Bharti AXA Life eFuture Invest Plan from Bharti AXA Life Insurance:

• Bharti AXA Life Insurance is a joint venture between Bharti and AXA, 2 leading companies in their own rights. AXA is a leader in financial solutions and wealth management while Bharti is a leader in agri, retail, and telecom businesses.
• The company has a large network of distributors to reach both urban and rural customers across India. Whether it is insurance plans or wealth management, the company provides innovative products that are designed to cater to the varying needs of its customers.
• Bharti AXA Life Insurance is considered the most trusted private insurance brand in the country.
• It was ranked 3rd in 2016 for customer loyalty.