About Bharti AXA Life Insurance Savings Plans

Bharti AXA offers a number of effective savings plans that you can choose to buy for a secure future with no financial stress.

Bharti AXA Aajeevan Sampatti

Bharti AXA Aajeevan Sampatti is basically a whole life limited pay and participating life insurance plan from, Bharti AXA. The special features and benefits of the plan are mentioned below:

  • Under this plan, as soon as the 10th policy year is completed, you will start receiving annual payouts until maturity or death of the Life insured, whichever is earlier.
  • This Bharti AXA life insurance plan participates in the Insurance fund, and any excess is distributed in the form of bonus. Keep in mind that it is a non-guaranteed benefit and is paid out as a percentage of the Sum Assured on the maturity yearly starting from the 6th Policy year, until maturity or death, whichever is earlier.
  • Bharti AXA Aajeevan Sampatti plan can be issued as both an offline and online plan. It provides you with non-linked savings with twofold benefits of guaranteed yearly pay-outs, covering up to 100 years of age.
  • Under section 10(10D) and 80C of the Income Tax Act, 1961, the policy offers tax benefits for premiums paid regularly.
  • Depending on the type of policy you choose to buy, the policy offers coverage until you reach the age of 100 or 85. In the event of death of the life insured, the nominee will be paid out the Sum Assured on maturity or 11 times of the annualized premium (whichever is higher).

Riders:

Hospi Cash Rider: You can opt for this rider by paying an additional amount. Under this rider, a fixed amount is paid on every day basis in case of hospitalization of the insured. Bharti AXA also offers payment of an additional Lump Sum amount in case the insured has to undergo of any kind of surgery.

Premium Waiver Rider: This rider has been designed to offer waiver of future premiums in case the insured is diagnosed with any critical illness, or in case of total and permanent disability or death of the life insured.

Bharti AXA Life Secure Savings Plan

Life Secure Savings Plan from Bharti AXA is basically an endowment plan which provides you with guaranteed additions. The special features and benefits of the plan are mentioned below:

  • This plan is a non-participating, traditional life insurance plan from Bharti AXA. This plan doesn’t come with any benefits of bonuses.
  • Under Bharti AXA Life Secure Savings Plan, you are required to pay the premiums for 15 to 20 years of the policy term as chosen.
  • The policy offers guaranteed additions as a percentage of cumulative base premium varying from 8% to 10% on the basis of the premium amount and the policy term.
  • If the insured suffers death during the policy term, higher of the basic Sum Assured or 105% of the total premiums is payable. Plus, the policy also offers guaranteed additions on the amount of the premiums to the nominee.
  • The policy offers maturity benefits by providing you with 100% of the Sum Assured along with guaranteed additions.
  • Under section 10(10D) and 80C of the Income Tax Act, 1961, the policy offers tax benefits for premiums paid regularly.

Riders:

Accidental Death Benefit Rider:: Under this plan with Accidental Death Benefit Rider, you will receive an additional Sum Assured in case the insured suffers death due to an accident.

Premium Waiver Rider:: With this rider, 100% of all future premiums under the basics policy are waived and directly paid by the Bharti AXA Life Insurance Company in case of death and total permanent disability or the Proposer’s critical illness, on the basis of the selected option.

Bharti AXA Life Dhan Varsha

Bharti AXA Life Dhan Varsha is basically a traditional non-linked participating plan. It provides you with Guaranteed* Survival Benefits from the 10th year onwards, Non-Guaranteed Cash Bonuses from the 7th year, plus a lump sum at the end of the Policy Period. You can avail all these benefits while protecting your family's future. Check out the special features and benefits of the plan below:

  • Bharti AXA Life Dhan Varsha comes with Flexible Premium Paying Terms.
  • The policy offers annual benefits in the form of Guaranteed* Survival Benefits and Non Guaranteed cash bonuses which is payable during the Policy Tenure.
  • It offers the alternative for benefits to carry on even after the death of the life insured (when Premium Waiver Rider is opted).
  • As maturity benefit, the policy pays 100% of the Sum Assured.

Bharti AXA Life Samriddhi

With Bharti AXA Life Samriddhi plan, it’s time to take the first step on the way to savings. It is a participating, non-linked, Endowment savings plan from Bharti AXA Life. You can build your own corpus with regular savings to help meet your aspirations. In addition, you can enjoy 100% of the Sum Assured on Maturity along with accumulates non-guaranteed bonuses.

  • At Maturity, you can enjoy a guaranteed lump sum benefit with this plan. If the life insured survives till the Policy Maturity Period and all the Premiums are duly paid, then he will be entitled receive 100% of Sum Assured on Maturity.
  • The policy offers possibilities to receive added earnings through bonuses. You can enjoy non-guaranteed terminal bonus and accumulated non-guaranteed annual simple reversionary bonus, if declared by the Company.
  • You have the freedom to decide from 8 different Premium payment Tenures. The premium payment Terms are 5, 10, 12, 15, 20, 25, 30 & 35 years.
  • You can enjoy Tax benefits on the Premiums paid and received payout benefits. The Tax benefits offered fall under the Section 10 (10D) and Section 80C respectively, of the Income Tax Act, 1961. These Tax benefits are subject to change as per change in tax regulations from time to time.

Bharti AXA Life Super Endowment Plan

Bharti AXA Life Super Endowment Plan has been designed to help you build wealth, in a planned method and meet up your future expenses and financial goals.

  • Flexibility: Super Endowment Plan from Bharti AXA Life offers the flexibility to select from 10 combinations of premium payment terms and policy terms.
  • Guaranteed Benefits: You can avail Survival Benefit as 50% of the Sum Assured at the end of one year prior to the end of the policy tenure and Sum Assured on Maturity as Maturity benefit at the end of the Policy term if the Life Insured survives till that time period and have duly paid all premiums.
  • Extended Life Cover Benefit: The policy gives you an alternative to opt for Extended Life Cover benefit at the beginning of the policy by paying added premium all through the premium paying tenure.
  • Tax benefits: Under the Income Tax Act, 1961, you can get the tax benefits (subject to the prevailing provisions) on the premiums paid and the benefits received. These tax benefits are subject to change as per the changes in Tax regulations from time to time.