Bharti AXA Guaranteed Income Saving Insurance Plan and Policy

Bharti AXA Guaranteed Income Saving Insurance Plan and Policy - A savings plan that provides increasing income every year ensuring that the rising expenses are taken care of and Life Insurance coverage in case of an unfortunate event to keep your family covered even in the worst eventuality.

Eligibility Details - Bharti AXA Guaranteed Income Saving Insurance Plan and Policy:

• *Through auto pay only

Policy Details - Bharti AXA Guaranteed Income Saving Insurance Plan and Policy:

• Survival Payout*: On Survival of the Life Assured till the end of the premium payment term, Survival Payouts are paid as a percentage of ONE Annual Premium which increases every year at 10% of annual premium from the end of the premium payment term till one year before the end of the policy term. The Survival Payout percentage varies depending on the Annual Premium and is as given below

  End of Policy Year	Premium Payment Term
  	8 years	10 years	12 years	15 years
  8	100%	--	--	--
  9	110%	--	--	--
  10	120%	105%	--	--
  11	130%	115%	--	--
  12	140%	125%	115%	--
  13	150%	135%	125%	--
  14	160%	145%	135%	--
  15	--	155%	145%	125%
  16	--	165%	155%	135%
  17	--	175%	165%	145%
  18	--	185%	175%	155%
  19	--	--	185%	165%
  20	--	--	195%	175%
  21	--	--	205%	185%
  22	--	--	215%	195%
  23	--	--	--	205%
  24	--	--	--	215%
  25	--	--	--	225%
  26	--	--	--	235%
  27	--	--	--	245%
  28	--	--	--	255%

  • Subject to the policy being in force and all due premiums being paid

  Maturity Benefit : In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder on the date of maturity :

  Premium Payment Term	Maturity Date	MaturityBenefit as a % of one Annual Premium
  8 years	End of 15th policy year	170% of Annual Premium
  10 years	End of 19th policy year	195% of Annual Premium
  12 years	End of 23rd policy year	225% of Annual Premium
  15 years	End of 29th policy year	265% of Annual Premium

  Death Benefit: In case of death of the Life Insured provided the policy is in-force and all due premiums till the date of death have been paid during the policy term, the sum assured on death will be paid to the nominee which is highest of:

  • 10 times annualized premium*
  • 105% of all premiums paid as on date of death
  • Absolute amount assured to be paid on death equal to the sum assured under the policy
  • Sum assured on maturity;

  Death Benefit is payable in addition to any Survival Payout already paid.

• Premium rates are expressed as per’000 SA.
• The above table is for male lives.
• A 3 year setback will apply for female lives.
• For sum assured greater than 250,000, a volume discount of 3% will apply.

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