Bharti AXA Savings Plans

Bharti AXA Life Insurance Company Limited is a private life insurance company that is a joint venture between the Indian industrial conglomerate, the Bharti Group and the French-based AXA. The company provide a range of insurance products, with savings plans among their most popular. Investing in Bharti AXA Life Savings Plans is the best way to save for your future as well as ensure your dependents are provided for when required. Bharti AXA Life’s savings plans come with guaranteed benefits and are coupled with their quick claim processing period as well as a high claim settlement ratio, making them the ideal choice if you are looking for an insurance plan that also enables you to save.

Benefits of Bharti AXA Life Savings Plans:

There are a number of benefits associated with Bharti AXA Life Savings Plans, some of which are mentioned below:

• Provides a combined benefit of insurance coverage as well as savings in a single policy.
• Offers flexibility when it comes to payment of premium terms as well as an option to choose pay-out structures.
• Offers guaranteed benefits as well as bonuses (non-guaranteed) for most plans.
• Convenience and ease of use: Bharti AXA Life savings plans are convenient to purchase as many are available online. Additionally, all material pertaining to the particular plan is mentioned in the policy document and brochure, giving the policyholder all relevant information.

Bharti AXA Life Savings Plans:

The various savings plans offered by Bharti AXA Life Insurance are as listed below:

Bharti AXA Life Serv Suraksha:

This is a single premium, non-participating traditional life insurance policy with a 5 year policy benefit term, beginning from the date of issue of the policy. The policyholder can nominate an individual/individuals during the policy term, which would result in the transfer of the policy benefit to said individual/individuals.

Features and benefits of Bharti AXA Life Serv Surakha:

• One-time premium: The policy requires for a one time premium payment, thus doing away with recurring premium payments.
• Affordable: The policy has a very affordable premium, with the options being Rs.100, Rs.500 or Rs.1,000.
• Maturity benefit: The policy provides a fixed maturity benefit of 110% of the premium amount upon maturity of the policy.
• Policy tenure: The policy has a fixed tenure of 5 years.
• Insurance: In the event of the unfortunate death of the life insured, the dependents will receive a sum assured amounting to 25 times the single premium amount paid.
• Free-look option: The policy offers policyholders a free-look option of 15 days beginning from the date of receipt of the policy bond. The policyholder can choose to return the policy if unsatisfied for any reason and it will be cancelled and the premium amount paid would be refunded.
• Surrender value: In the event the policyholder wishes to return the policy for any reason after the free-look period, he/she can do so by notifying the company of the same. In return, the policyholder will receive a surrender value, which ranges from 90%-105% of the premium amount based on the year of surrender.
• Entry age: The policyholder is required to be between 18 and 50 years of age at the time of commencement of the policy.

Bharti AXA Life Monthly Advantage:

This is a limited pay, participating traditional life insurance plan that offers the life insured’s dependents a fixed monthly sum towards expenses in the event of the life insured’s death during the policy term. The policy also allows for the addition of riders to enhance the cover already provided by the basic policy.

Features and benefits of Bharti AXA Life Monthly Advantage:

• Monthly income: The policy offers the life insured a guaranteed monthly income on completion of the premium payment term until the maturity of the policy.
• Policy tenure: The policyholder has to be a minimum of 18 years and a maximum of 70 years at the time of policy maturation.
• Riders: The policyholder can choose to add riders to the existing policy to enhance cover. The riders that can be added at an extra cost are as given below:
  • Hospi Cash Rider: this rider will pay a fixed sum for each day the policyholder is in hospital and a lump sum in the event of surgery.
  • Accidental Death Benefit Rider: this rider will provide an extra sum as decided upon in the case of accidental death.
• Choice of monthly income: The policy offers the life insured the flexibility to choose the income received, which would in turn decide the premium amount.
• Annual Reversionary Bonuses: The policy offers the life insured non-guaranteed bonuses during the tenure in the form of simple annual reversionary bonus, which would be accrued to the policy beginning from the culmination of the first policy year. The bonus amount is paid out subject to the participating insurance fund’s performance in the particular financial year. The bonuses would be paid out upon the policy’s maturity, or in the event of the life insured’s death/accidental total permanent disablement.
• Tax benefits: The policy provides tax benefits on premium amounts paid and any benefits received, which would be exempt from tax.
• Accidental total permanent disability pay-out: In the event of the life insured’s accidental total permanent disability, the monthly income will be payable to the nominee from the month following the accident being reported to the company. This monthly income will be paid out to the nominee for a period of 6,8 or 12 years, based on the policy tenure selected at the time of purchasing the policy.
• Policy tenure: The policy has a tenure of 12, 16, or 24 years, which is to be selected at the time of purchasing the policy.
• Maturity benefit: The policyholder will receive a non-guaranteed annual reversionary bonus (if applicable) as well as non-guaranteed terminal bonus (if any) as long as the policy is in force.
• Death benefit: In the event of the death of the policyholder during the policy term, the dependent/nominee will receive an amount that is the higher of any of the following provided all the premiums were paid:
  • 105% of all premiums paid as on the date of demise.
  • Sum assured on death in addition to any non-guaranteed vested simple reversionary bonuses and non-guaranteed terminal bonus (if any).

• Accidental total permanent disability benefit: In the event of the policyholder suffering from an accidental total permanent disability during the policy term and within 90 days of the accident, the nominee will receive an amount equal to the death benefit payable. This is provided all premiums have been paid till the accident.
• Survival benefit: The policyholder will receive the guaranteed monthly income on survival on completion of the premium payment term for the policy term chosen. This income will be payable for 72 months at 105% for a 12 year term, for 96 months at 110% for a 16 year term and for 144 months at 120% in case of a 24 year policy term.
• Choice of premium payment: The policyholder can choose to make premium payments either monthly, quarterly, semi-annually or annually.

Bharti AXA Life Elite Advantage:

This is a non-linked, non-participating savings life insurance plan that also offers financial protection. The plan offers policyholders the benefit of a savings plan in addition to providing protection from any untoward situation that could occur. The plan offers protection and safeguards the life insured’s dependents in the event of his/her death and also pays out an assured sum if the life insured survives the policy term.

Features and benefits of Bharti AXA Life Elite Advantage Plan:

• Premium payment term: The plan allows the policyholder to choose a premium payment term- either 5, 7 or 12 years.
• Guaranteed returns: The plan offers the policyholder a guaranteed pay-out on completion of the policy term, provided all premiums have been paid.
• Policy term: The policy can be availed for a period of 10 years (for a 5 year premium payment term) or 12 years (for a 7 or 12 year premium payment term).
• Entry age: The policy can be availed by any individual above the age of 6 years, with the maturity age being quite high at 77 years (depending on policy term selected).
• Choice of guaranteed pay-out: The policyholder can choose to receive the guaranteed pay-out either annually, semi-annually or quarterly.
• Grace period: The policy provides a grace period of 30 days within which the policyholder is expected to make a premium payment without any adverse impact on the policy benefits received.
• Riders: The protection offered by the policy can be enhanced by the addition of additional riders, such as the Bharti AXA Life Hospi Cash Rider, which will provide a fixed sum in the event of the life insured being hospitalised.
• Death benefit: If the policyholder’s death occurs during the policy term, the nominee will receive the higher of any of the following:
  • 11 times annualised premium
  • 105% of all premiums paid
  • Sum assured on maturity

• Maturity benefit: In the event the policyholder is alive after the policy matures and all premiums have been paid, he/she will receive the benefits as listed below:
  • Guaranteed pay-out: This is a percentage of the sum assured that will be paid out beginning from the end of the policy term till the 19th year. The policyholder can choose the frequency of the pay-outs received.
  • Sum assured: The sum assured will be paid in full upon maturity of the policy and will be paid out at the end of the 20th year from the commencement of the policy.

Bharti AXA Life Monthly Income Plan+:

This is a limited pay, traditional participating life insurance plan that offers policyholders a monthly income to help fulfil and meet financial needs while providing comprehensive life coverage. The plan provides for the life insured during his/her lifetime as well as a fixed monthly income to help meet expenses during the course of the policy.

Features and benefits of the Bharti AXA Life Monthly Income+ Plan:

• Tax-free guaranteed monthly income: The policy offers a guaranteed monthly income once all premium payments have been made up to the time the policy is in force. The income received is also tax free (as per provisions under Section 10 (10D) of the Income Tax Act).
• Life insurance benefit: In the event of the death of the life insured during the policy term, the nominee stands to receive a percentage of the monthly income from the month following the declaration of death. This will be payable for 8, 10 or 15 years based on the policy term agreed upon at the time of purchase of the policy.
• Annual bonus: The policyholder could also receive a non-guaranteed annual reversionary bonus, which would be accrued to the policy from the first year. This would be paid out at the time of policy maturity or at the time of death of the policyholder (if it occurs during the policy term). The bonus is payable subject to the performance of the participating insurance fund, with the surplus being distributed as bonus.
• Maturity benefit: This is payable if the policyholder survives the policy and all premium payments have been made. The maturity benefit payable under this policy is a non-guaranteed terminal bonus and the annual reversionary bonus.
• Choice of policy term: The policyholder can choose a premium term from among three terms offered, based on his/her needs. The premium payment term would be dependent on the policy term selected. Policyholders can choose a 15 year, 20 year or 30 year policy term.
• Death benefit: A death benefit is payable in the event of the policyholder’s demise during the policy term. The death benefit payable will be the higher of the following:
  • 105% of all premiums paid
  • Sum assured on death along with non-guaranteed simple reversionary bonus and non-guaranteed terminal bonus

• Free-look period: A free-look period is one where the policyholder can choose to return the policy without having to bear any expense within a stipulated number of days. Any premium amount paid will be refunded. The free-look period for the policy is 15 days from the receipt of the policy bond document.
• Riders: The policy allows for the inclusion of a rider or add-on benefit to enhance coverage. The cost of the rider would be added to the premium amount payable. The rider available under the policy is the Hospi Cash Benefit Rider, which will pay out a fixed sum of money in the event of the life insured being hospitalised. A lump sum would be paid out in case of surgery.
• Tax exemption: Policyholders can avail tax exemptions under Section 80C of the Income Tax Act, which provides a tax exemption on premiums paid. Additionally, policyholders can also avail tax exemptions under Section 10 (10D), where any sum received under a life insurance policy, including bonuses, are exempt from tax.

Bharti AXA Life Super Series Plan:

This is a non-linked, non-participating money back life insurance plan that offers policyholders a guaranteed income that rises throughout the policy term. The policy also offers guaranteed lump sums periodically at the beginning and the end of the policy term. The policy helps policyholders meet their financial needs and provides cover in the event of any untoward incident occurring.

Features and benefits of the Bharti AXA Life Super Series:

• Guaranteed money back: This policy offers the policyholder guaranteed money back or returns throughout the policy term, with the pay-outs being made annually while the policy is in force. This is subject to all premiums being paid or until the death of the life insured.
• Policy term: The policyholder can choose from a 12 year (Super 6) or 20 year (Super 10) policy term based on his/her requirement.
• Sum Assured on Maturity: This is a pay-out following the payment of all premiums, whereupon 50% of the sum assured will be paid out in a lump sum amount. Following this, a cash pay-out of 12% of the ‘sum assured on maturity’ will be paid out each year, increasing by 3% every subsequent year.
• Guaranteed maturity addition: In addition to the maturity pay-out, policyholders will receive an additional 30% of the ‘sum assured on maturity’, which serves as a reward to the policyholder.
• Choice of premium payment: Policyholders can choose from the premium payment terms based on their convenience. The terms offered are as below:
  • Super 6: The Super 6 term requires the policyholder to pay a premium for 6 years, upon which he/she will receive guaranteed money back for 6 years.
  • Super 10: Under the Super 10 term, the policyholder is required to pay premiums for 10 years, upon which he/she will receive guaranteed benefits for 10 years.

• Death benefit: If the policyholder passes away during the policy term, his/her nominees will receive a death benefit that is the higher of the following:
  • 11 times the annualised premium (for Super 6) and 15 times annualised premium (for Super 11)
  • 105% of the total premium amount paid
• Loan facility: The policy allows the policyholder to take out a loan against the policy. The loan can be taken only if all premiums have been paid and the policy has reached surrender value. And can be up to 70% of the acquired surrender value of the policy.
• Choice of premium payment: Policyholders can choose to pay their premiums either annually, half-yearly, quarterly or monthly, depending on their convenience.
• Free-look option: If the policyholder is not satisfied with the policy, he/she can choose to return it within a stipulated period without having to bear any costs. The policy has a 30 day free-look period from the date of receipt of the policy bond, within which the policyholder can choose to return the policy.
• Riders: The policyholder can choose to supplement the coverage provided by the policy though adding additional riders. These riders would be at an additional cost and are given below:
  • Bharti AXA Life Hospi Cash Rider: This rider will provide a fixed sum of money to the life insured each day in the event of his/her hospitalisation, as well as an additional lump sum in case of surgery.
  • Premium Waiver Rider: This rider will waive 100% of all future premiums in the event of the death or total disablement or critical illness of the life insured, based on the option chosen.

Bharti AXA Life Smart Jeevan:

This is a non-linked, non-participating return of premium life insurance policy. The policy provides life cover for a period of 12 years and provides 100% return of premium upon maturity at a nominal cost.

Features and benefits of Bharti AXA Life Smart Jeevan:

• Fixed policy an premium payment term: This policy has the same policy and premium payment term, which is 12 years.
• Maturity benefit equal to sum assured on maturity: Under this policy, the maturity benefit is equal to 100% of the premium amount paid during the policy tenure and is payable upon policy maturity.
• Low premiums: This policy provides life cover for a nominal cost, as premium amounts are quite low for the sum assured amount.
• Death benefit: In the event of the death of the policyholder during the policy term, the nominees will receive the highest of any of the following:
  • 105% of premiums paid
  • 11 times the annualised premium amount
  • Sum assured on maturity
  • Amount assured to be paid on death equal to the sum assured

• Choice of premium payment: The policyholder can choose to pay the premium amount either annually, semi-annually, quarterly or monthly based on his/her convenience.
• Free-look period: The policyholder can choose to return the policy if he/she is not satisfied with the terms and conditions. However, the policy is to be returned within a period of 15 days from the date of receipt of the policy bond, upon which all payments made towards the policy such as premium etc. will be refunded.
• Tax exemptions: The policyholder can apply for tax exemptions under the Section 80C and Section 10 (10D), which will grant the policyholder a tax exemption on benefits received from life insurance policies as well as any premium amounts paid.

Bharti AXA Life Dhan Varsha:

This is a non-linked, limited pay participating life insurance plan that offers the policyholder a guaranteed survival benefit as well as annual cash bonuses to meet financial requirements. The plan also provides for basic life cover with the option of added riders to enhance protection if desired.

Features and benefits of Bharti AXA Life Dhan Varsha:

• Guaranteed survival benefit: This policy provides guaranteed survival benefits, which will be paid out from the 10th policy year up till maturity, or until the death of the policyholder, whichever is earlier.
• Choice of policy and premium terms: This policy offers policyholders a choice of either a 20 year with a 10 year premium payment term or 25 year policy term with a 15 year premium payment term.
• Cash bonus: The policy offers non-guaranteed cash bonuses during the policy tenure, with the bonus being paid out depending on the performance of the participating insurance fund. The cash bonuses would be paid out annually after the 7th policy year.
• Maturity benefit: The policy pays out a maturity benefit which is equal to the sum assured if the policyholder survives the policy and it is still in force.
• Death benefit: If the policyholder dies during the policy term, the nominees will receive the higher of either the sum assured on death or 105% of all premiums paid up till death.
• Tax benefits: The policyholder will receive benefits under Sections 80C and 10 (10D) of the Income Tax Act.
• Loans: The policyholder can avail a loan against the policy provided it has acquired surrender value and all premiums have been paid. The loan availed can be up to 70% of the surrender value.
• Riders: The policyholder can choose to enhance coverage by opting for additional riders. The riders attached to the policy are listed below:
  • Hospi cash rider: provides a fixed sum of money daily in case of hospitalisation.
  • Accidental death benefit rider: Provides an additional lump sum in case of accidental death.
  • Premium waiver rider: Future premiums would be waived off if the policyholder contacts a critical illness.

Bharti AXA Life Samriddhi:

This is a non-linked, participating, savings-oriented life insurance plan that offers the policyholder with a return of the sum assured upon maturity of the plan. Additionally, receive a non-guaranteed bonus to help finance any future requirements through a life insurance policy.

Features and benefits of Bharti AXA Life Samriddhi:

• Choice of premium payment term: This policy offers the policyholder the opportunity to choose his/her premium payment term depending on preference. The policyholder can choose a limited premium payment term of 5 years for a 10 year policy term or a 12 year premium payment term for a 20 year policy term. Alternatively a regular premium payment term can be chosen for a 10,15, 20, 25 or 30 year policy term.
• Maturity benefit: The policyholder will receive a maturity benefit consisting of 100% of the sum assured amount on surviving the policy term, provided the policy is in force and all premiums have been paid. Any bonus amount would also be paid out at this time.
• Bonuses: This policy offers a non-guaranteed annual simple reversionary bonus, which is payable annually based on the performance of the insurance fund. Additionally, the policyholder could also receive a non-guaranteed terminal bonus, both of which are payable at the policy’s maturity.
• Death benefit: The nominees stand to receive a sum if the policyholder passes away during the policy term while it is still in force. The nominees will receive either 11 times the annualised premium or the sum assured amount, whichever is higher.
• Free-look period: If the policyholder is dissatisfied with any of the policy terms, the policy can be returned for no charge during the free-look period, which is within 15 days of receipt of the policy bond.
• Riders: The policyholder can choose to enhance protection through the addition of riders as mentioned below:
  • Bharti AXA Life Hospi Cash Rider: This rider provides the policyholder will a fixed daily sum in case of hospitalisation.
  • Bharti AXA Life Premium Waiver Rider: This rider will waive off future premium payments if the policyholder contracts a critical illness or permanent disability.

Bharti AXA Life Aajeevan Sampatti+:

This is a non-linked participating whole life, limited pay insurance plan that offers the policyholders guaranteed pay-outs in addition to providing life coverage. The plan also covers policyholders up to 100 years of age, ensuring coverage throughout the policyholder’s lifetime.

Features and benefits of Bharti AXA Life Aajeevan Sampatti+:

• Limited premium payment term: The policy has a premium payment period of either 10 or 15 years from the time of policy inception.
• Long policy tenure: The policy tenure can be taken out till 100 years of age, making it one of the longest policy terms.
• Guaranteed annual pay-outs: The policy provides annual guaranteed pay-outs until the policy matures. An annual amount will be paid out from the 10th policy year onwards until maturity or death of the policyholder.
• Bonuses: Policyholders can also receive non-guaranteed annual cash bonuses, which are dependent on the performance of the participating insurance fund. The bonus would be paid out from the 6th policy year onwards, subject to it being disbursed.
• Maturity benefit: The policyholder will receive the sum assured on survival till policy maturity, subject to the policy still being in force.
• Death benefit: In the event of the policyholder’s death, the nominee will receive either 11 times the annualised premium or the sum assured on maturity, whichever is higher.
• Discounts on high sum assured: Policyholders who opt for a high sum assured (above Rs.4,00,000) will receive a discount on the base premium rate payable.
• Riders: Policyholders can enhance their coverage by opting for additional riders which would be added to their existing plan. The riders available for this plan are as follows:
  • Premium waiver rider: This rider will waive 100% of future premiums in the event of the policyholder’s death or permanent disablement or critical illness of the proposer.
  • Accidental death benefit rider: This rider will provide 100% of the sum assured in the event of the policyholder’s accidental death.
  • Hospi cash rider: This rider provides the policyholder will a fixed daily sum in the event of hospitalisation.

Bharti AXA Life Secure Savings Plan:

This is a traditional, non-participating life insurance policy that offers the policyholder life coverage and enables savings as well as guaranteed additions on the amount saved.

Features and benefits of Bharti AXA Life Secure Savings Plan:

• Choice of policy term: Policyholders can choose a policy term of either 15 years or 20 years, with premiums payable for the duration of the policy term.
• Guaranteed additions: The policy offers policyholders guaranteed additions in the form of a percentage of the annual cumulative base premium. The additions are paid out at maturity or on the death of the policyholder.
• Maturity benefit: The policy offers 100% of the sum assured as well as guaranteed additions on the policyholder surviving the policy term.
• Death benefit: In the event of the policyholder passing away during the policy term, the nominees will receive either 10 times the annualised premium or 105% of the premiums or the base sum assured along with guaranteed additions.
• Riders: The policyholder can opt for additional riders to enhance protection under the policy, from among the ones listed below:
  • Accidental death and disability rider: This rider enhances the policyholder’s protection to cover death or total disability as a result of an accident.
  • Premium waiver rider: Under this rider, premium payments would be waived off in the event of the demise of the policyholder, where the policyholder and life insured are different individuals.
  • Critical illness rider: This rider provides a lump-sum benefit payable in the event of the policyholder’s diagnosis of certain critical illnesses.

Bharti AXA Life Secure Income Plan:

This is a traditional, non-participating limited pay life insurance plan that offers the policyholder 8% of the sum assured as a monthly income as well as guaranteed additions at the time of maturity in addition to basic life cover. The plan also offers additional riders for those who wish to enhance their life coverage.

Features and benefits of Bharti AXA Life Secure Income:

• Guaranteed monthly income: This plan offers the policyholder a guaranteed income which is payable monthly. This is on completion of the premium paying term and will be paid out till maturity, as long as the policy is in force.
• Guaranteed maturity benefit: On maturity, the policyholder will receive guaranteed maturity benefits, which would be dependent on the sum assured selected. Accordingly, the maturity benefit payable is as follows:

Policy term	Premium paying term	Maturity benefit
15 years	5 years	170% of sum assured
17 years	7 years	185% of sum assured
20 years	10 years	200% of sum assured

• Death benefit: The death of the policyholder during the policy term would result in the nominee receiving the following amount, depending on the policy term selected:

Policy term	Death benefit
15 years	Higher of sum assured or 11 times annual base premium
17 years	Higher of sum assured or 11 times annual base premium
20 years	Higher of sum assured or 13 times annual base premium

• Choice of premium payment mode: Policyholders can choose to pay their premiums either annually, semi-annually, quarterly or monthly, based on their convenience.
• Tax benefits: Policyholders can apply for deductions under Sections 80C and 10 (10D) of the Income Tax Act. Additionally, monthly income received through the policy is tax-free.
• Loans: The policyholder can take out a loan against the policy provided all premiums have been paid and it has reached surrender value. The loan amount can be up to 70% of the policy’s surrender value.
• Riders: Policyholders can opt for riders to increase protection under the existing policy. The rider offered under this policy are:
  • Hospi cash rider: This provides the policyholder with a fixed daily allowance in the event he/she is hospitalised and a lump sum in case of ICU admittance or surgery.

Bharti AXA Life Flexi Save:

This is a traditional, limited pay participating life insurance policy that offers policyholders a savings withdrawal option as well as other benefits such as a maturity benefit.

Features and benefits of Bharti AXA Life Flexi Save:

• Choice of premium payment term: Policyholders can choose their premium payment term as well as policy term based on what they are most comfortable with. The policy has three policy and corresponding premium terms, which are as follows:

Policy term	20 years	25 years	30 years
Premium payment term	5 pay	7 pay	12 pay

• Additional bonuses: The policy offers policyholders the opportunity to earn more through non-guaranteed bonuses. The non-guaranteed simple reversionary bonus and terminal bonus can both be declared, with both payable at the end of the policy or at the demise of the policyholder.
• Maturity benefit: If the policyholder survives past the policy term, 100% of the sum assured is paid out along with any non-guaranteed bonus and terminal bonus.
• Death Benefit: In the event of the policyholder’s demise during the policy term, the nominee/nominees stand to receive either 105% of the premiums paid or the base sum assured amount or a combination of the annual base premium.
• Policy term flexibility: This policy has a flexi benefit period, during which time the policyholder can choose to bring forward the maturity benefit.
• Loans under policy: The policy offers policyholders the opportunity to take out a loan against the policy. This is valid only once the policy had achieved surrender value, and the loan amount can be up to 70% of the surrender value.

Bharti AXA Life Child Advantage Plan:

This is a non-linked, participating life insurance plan meant for children. The policy offers a choice of either money-back or endowment and ensures coverage for the child as well as a premium-waiver option.

Features and benefits of Bharti AXA Life Child Advantage Plan:

• Choice of benefits: The policy allows for a choice of benefits at the time of maturity. The choices are as under:
  • Endowment option- This option provides a guaranteed lump sum at the time of policy maturity as long as the policy is in force.
  • Money-back option- This option assures guaranteed pay-outs during the last 5 years of the policy term before maturity. At maturity the option offers a guaranteed maturity pay-out towards assistance for educational needs.
• Premium payment term: The policy offers policyholders the choice of premium payment term, with a range of options ranging from 11 to 21 years. Policyholders would also have to select the type of premium payment (regular pay or limited pay).
• Death benefit: In the event of the life insured’s death, the nominee will receive either 11 times the annualised base premium or the sum assured (110% of the sum assured amount for money-back option and 125% of the sum assured amount for endowment option), whichever is higher.
• Non-guaranteed bonuses: The policy offers non-guaranteed bonuses in the form of simple reversionary annual bonus would be paid out depending on the company’s profit each year. These bonuses would be paid out at policy maturity in a lump sum as long as all premiums have been paid and the policy is still in force. A terminal bonus could also be paid out at the time of policy maturity.
• Maturity benefit: The policy offers a maturity benefit on the policyholder surviving the policy term. The maturity benefit payable would depend on the option selected and would be as follows:
  • Money-back option: In the case of the money-back option, the policyholder would receive 40% of the sum assured at the time of policy maturity. Guaranteed pay-outs (up to 70% of the sum assured) would be paid as well.
  • Endowment option: In the case of the endowment option, 125% of the sum assured would be paid out at the time of maturity. There are no guaranteed pay-outs under this option.

• Riders: Policyholders who wish to enhance their coverage can opt for riders, which will provide increased protection. The riders offered with this policy are as under:
  • Bharti AXA Life Hospi Cash Rider: This rider offers the policyholder a fixed daily amount in case of hospitalisation.
  • Bharti AXA Life Accidental Death Benefit Rider: This rider offers the policyholder’s nominees a lump sum in the event of the policyholder’s death

due to an accident.

Bharti AXA Life eAajeevan Sampatti+:

This is an online, non-linked, participating whole life insurance plan. A limited pay plan, it provides cover up to the age of 100 years as well as offers guaranteed annual pay-outs from the 10th policy year onwards.

Features and benefits of eAajeevan Sampatti+:

• Long tenure: The plan offers coverage to policyholders till they reach 100 years of age or up till death, whichever is earlier.
• Limited premium payment period: This policy offers a premium payment term of either 10 or 15 years, which is to be selected at the time of policy inception.
• Guaranteed annual pay-outs: The policy offers guaranteed annual pay-outs until policy maturity, with the pay-outs beginning from the 10th policy year onwards. The pay-out will be 5.5% if the sum assured on maturity for a policy term till 100 years and 6% of the sum assured on maturity for a policy term up to 85 years.
• Death benefit: The policyholder’s nominees stand to receive 11 times the annualised premium or the sum assured on maturity in the event of the demise of the policyholder during the policy term.
• Maturity benefit: The policyholder will receive the sum assured upon maturity of the policy if he/she survives till maturity and if the policy is still in force.
• Discounts for high sum assured: The policy offers policyholders discounts if they opt for a high sum assured. Discounts will be offered on premium rates for a sum assured of Rs.4 lakh or more.
• Loans: The policyholder can choose to avail a loan under the policy if it has reached surrender value and all premiums have been paid. The loan amount can be up to 70% of the acquired surrender value.

List of Bharti AXA Life Savings Plans:

Plan Name	Entry Age	Maturity Age	Premium
Bharti AXA Life Serv Suraksha	18 years	50 years	Minimum premium payable- Yearly- Rs.1,500 Half-yearly- Rs.780 Quarterly- Rs.405 Monthly- Rs.135
Bharti AXA Life Monthly Advantage	6 years for 12 year term 2 years for 16 year term 91 days for 24 year term	77 years for 12 year policy term 81 years for 16 years term 84 years for 24 year term	Minimum premium: For 12 year term- Rs.10,600 For 16 year term- Rs.7,000 For 24 year term- Rs.3,700
Bharti AXA Life Elite Advantage	6 years for 12 year policy term 8 years for 10 year policy term	75 years for 10 year policy term 77 years for 12 year policy term	Minimum annual premium: For 5 year payment term- Rs.24,000 For 7 year payment term- Rs.15,000 For 12 year payment term- Rs.12,000
Bharti AXA Life Monthly Income Plan+	0 year for 20 and 30 year term 3 years for 15 year term	80 years	Minimum premium would depend on the minimum monthly income
Bharti AXA Life Super Series	0 year for Super 10 6 years for Super 6	60 years for Super 10 63 years for Super 6	Minimum annual premium: Super 10- Rs.10,000 Super 6- Rs.18,000
Bharti AXA Life Smart Jeevan	18 years	62 years	Dependent on factors such as sum assured
Bharti AXA Life Dhan Varsha	91 days	75 years	Minimum annual premium: For 20 year term- Rs.3443 For 25 year term- Rs.2515
Bharti AXA Life Samriddhi	8 years for 10 year policy term 3 years for 15 year policy term 0 years for 20,25, 30 & 35 year policy terms	65 years for 10 year policy term 70 years for 15 & 20 year policy terms 75 years for 25 & 30 year policy terms 80 years for 35 year policy term	Minimum annual premium: 5 & 10 year terms- Rs.18,000 15 &20 year terms- Rs.12,000 20 & 25 year terms- Rs.6,000 30 & 35 year terms- Rs.3,000
Bharti AXA Life Aajeevan Sampatti+	91 days	85 years or 100 years depending on the term chosen	Dependent on the minimum sum assured upon maturity selected
Bharti AXA Life Secure Savings	3 years for 15 year policy term 0 year for 20 year policy term	70 years	Minimum annual premium: For 15 year term- Rs.18,000 For 20 year term- Rs.12,000
Bharti AXA Life Secure Income	3 years for 15 year policy term 1 year for 17 year policy term 0 year for 20 year policy term	80 years	Policy term Annual Semi-annual Quarterly Monthly 15 years Rs.30,000 Rs.15,600 Rs.8,100 Rs.2,700 17 years Rs.24,000 Rs.12,480 Rs.6,480 Rs.2,160 20 years Rs.18,000 Rs.9,360 Rs.4,860 Rs.1,620
Bharti AXA Life Flexi Save	8 years for 20 year policy term 3 years for 25 year policy term 0 year for 30 year policy term	85 years	Minimum annual premium: For 20 year term- Rs.30,000 For 25 year term- Rs.24,000 For 30 year term- Rs.15,000
Bharti AXA Life Child Advantage	18 years	71 years for regular pay 76 years for limited pay	Would depend on the minimum sum assured selected
Bharti AXA Life eAajeevan Sampatti+	91 days	85 years or 100 years (depends on policy term chosen)	Would depend on the minimum sum assured on maturity

Why should you opt for Bharti AXA Life Savings Plans?

Bharti AXA Life Savings Plans offer policyholders a comprehensive range of coverage as well as add-ons that provide complete protection. In addition to the ease of accessibility and high claim settlement ratio, there are a host of tax benefits that can also be availed, which are as follows:

• Amounts paid towards premium are exempt from tax under Section 80C of the Income Tax Act.
• Income from life insurance policies such as the maturity benefit, bonuses and death benefit are exempt from tax.

A savings plan is also a prudent way to provide for one’s family in the event of unforeseen circumstances as they offer a host of benefits in addition to basic life cover, thereby enhancing savings.