Bharti AXA Life
Wealth Pro
(UIN: 130L100V01)(ADVT No. II-Aug-2020-2309)
A Non-Linked, Non-Participating Individual Life Insurance Savings Plan
#TheSmartThingToDo#TaxBenefits#GuaranteedReturns
Why Bharti AXA Life Guaranteed Wealth Pro is great for you
4 Reasons to Buy
Choose a Variant
The plan offers you two variants to choose from -
a) Growth Variant – In this Variant the policy term options available are 10, 15 and 20 years with multiple Premium Payment term options.
b) Legacy Variant – To provide a legacy fund to your loved ones we offer you Legacy variant which provides a life insurance coverage of 10 times the annualized premium throughout your policy term (99 years).
Grow your wealth further with Wealth booster
A percentage of Fund Value is added as wealth booster subject to Policy being in-force. Wealth Boosters are available under both Growth and Legacy variants.
Multiple Investment Strategies to suit your investment needs
The plan lets you choose from 2 investment strategies - Dynamic Fund Allocation and Systematic Transfer Plan along with multiple fund options basis the investment goals and risk-return potential.
Tax benefits
You may avail the tax benefits on the premiums paid and the benefits received; subject to the prevailing tax laws. The tax benefits are subject to change as per change in Tax laws from time to time.
Key Benefits
Multiple Variants
Return of Premium
Enhanced Protection
Tax Benefits
Best in Class IRR
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
How does the plan work?
Make your plan with ease
Pick a plan option
Choose one of the options, as per your financial goals.
Endowment option
At maturity, a lumpsum maturity benefit is payable.
Not only what you put in – through your policy term, your savings are being invisibly enhanced with a yearly accumulation of 10 percent of one annualized premium.
If you wish to save for a special goal, like a child’s higher education or marriage, a world tour, or buying a house.
You want the security of guaranteed returns on your hard-earned money.
Short Term Income
you get a regular income after policy term
Long Term Income
At the end of payout period, all the premium are paid back
Deferred Income option
Regular payments for a period of 25 years and all premiums paid back
Endowment option
At maturity, a lumpsum maturity benefit is payable.
Not only what you put in – through your policy term, your savings are being invisibly enhanced with a yearly accumulation of 10 percent of one annualized premium.
If you wish to save for a special goal, like a child’s higher education or marriage, a world tour, or buying a house.
You want the security of guaranteed returns on your hard-earned money.
Short Term Income
you get a regular income after policy term
After completion of the policy term, you get income for a payout period equal to the premium payment period. Like you never stopped getting a salary!
If you wish to supplement your earnings.
The future seems uncertain, and you would like to ensure the financial security of your loved ones.
Long Term Income
At the end of payout period, all the premium are paid back
You get paid for an income payout period of 25 or 30 years, after completion of the policy term.
If you are a life-stage when you want the comfort of a tax-free pension.
You need to safeguard your future and the future of your loved ones as your earning capacity declines.
Deferred Income option
Regular payments for a period of 25 years and all premiums paid back
There’s a period of rest or deferment of 5 to 10 years from the end of the premium payment term to the end of the policy term. Thereafter, you get regular payments for an income payout period of 25 years.
You want peace of mind after you have retired, by having a second income or a tax-free pension.
You would like to get back your corpus after the 25th year for any of your life goals.
Now, add a rider
The Bharti AXA Guaranteed Income Pro makes you feel good about life insurance.
The plan offers you the provision to buy additional peace of mind.
Bharti AXA Life Term Rider:
The policyholder can increase the life insurance coverage for a nominal premium.
Bharti AXA Life Hospi Cash Rider:
This allows payment of a fixed benefit for each day of hospitalization, subject to maximum of 40 days per year, and also provides a lumpsum benefit in case of surgery.
Bharti AXA Life Accidental Death:
The policyholder can get an additional sum assured as chosen under the rider, in case of the unfortunate event of death due to an accident.
Bharti AXA Life Premium Waiver Rider:
In case the policyholder is diagnosed to be suffering from any of 13 critical illnesses covered under the rider, future premiums are waived off and the benefits under the policy will continue.
Your Questions Answered
What will be the difference if I take the policy from an aggregator?
There is no difference. Web aggregators just advertise the benefits of Bharti Life Flexi Term product on their website. All applications for purchasing the policy are directly routed to the Bharti Life website. A customer cannot directly purchase the policy from an aggregator
Can I get a copy of my medical test reports?
Yes, you can get a copy of the medical report except for the FMR (Full Medical Report). As FMR is not shared as per company guidelines.
I am a self-employed person; I do not work for any organisation?
Please enter your Proprietorship/ Partnership & provide us the number of years for which you are active in your business. Giving correct details is very important.
What Bharti AXA stands for
Bharti AXA Life GIP - College Education
Bharti AXA Life GIP - Retirement Plan
Bharti AXA Life GIP - Savings Plan
Insurance Jargon Explained
Non-participating policy
An insurance plan under which all the benefits are guaranteed at the beginning, regardless of the actual investment performance.
Endowment plan
An insurance policy which provides a lump sum amount on a fixed date, either maturity of the policy or upon the death of the life insured, whichever occurs earlier.
Rider
A provision attached to a policy that adds benefits not available in the original policy or that changes the original policy.
---Riders help the Policyholder in enhancing the insurance product to meet specific needs by adding protection benefits to the basic Insurance Plan at a lower additional cost. For example, Bharti AXA Life Hospi cash rider provides fixed per day cash benefit to the Policyholder for each day of hospitalisation, thus providing benefits of a health plan along with base Life Insurance plan.
Income payout
The money paid to the policyholder as regular income at the end of the policy term.
You might find these useful
We have more articles and updates. Be assured that you that you have made the right choice with Bharti AXA Guaranteed Income Pro, in order to have certainty for your life goals.
2:41 Min Read Time | December 11, 2020
2:35 Min Read Time | December 18, 2020
2:55 Min Read Time | January 02, 2021
Disclaimer
Unit Linked Life Insurance products are different from the traditional products and are subject to market risks.
The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
Bharti AXA Life Insurance Co. Ltd. is only the name of the insurance company and [Name of the Product (with UIN)] is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
Please know the associated risk and applicable charges from your Insurance Advisor or the intermediary or the policy document issued by the insurance company.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns.
Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.