Bharti AXA Life
Guaranteed Wealth Pro

Siddharth is 35 years old and is looking for opportunities to save for his future. He evaluated multiple financial instruments such as debt funds, fixed deposits, mutual funds, and insurance based on their likelihood of guaranteed & safe returns, financial security as well as tax benefits. Taking into account the benefits offered by each instrument, he decided to save for his future with a life insurance policy which offers all three benefits of guaranteed returns, financial security for his family through inbuilt death benefit along with the tax benefits that he was looking for.

Siddharth chooses Bharti AXA Life Guaranteed Wealth Pro and opts for Endowment Option considering he wants a lumpsum benefit at maturity and opts for a policy term of 24 years and premium payment term of 12 years.

He wants to pay a premium of INR 50,000 p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any). The Sum Assured at Maturity under his Policy is INR 8,99,993.

The below cases illustrate the benefits that Siddharth would receive in this Endowment option.

Case I: On survival till policy maturity

Siddharth pays all the due premiums and survives till the end of the Policy Term. At the end of 21st, 22nd, 23rd and 24th Policy Years, the benefits under his Policy are enhanced by Loyalty Additions of INR 163,200 each. At maturity, he receives a lumpsum Maturity Benefit of INR 15,52,793.

Case II : In case of death during policy term :

In case of death of Siddharth during the policy term in the 15th year, his family would receive Death Benefit of INR 630,000 immediately on death.

All the above examples are for illustration purpose only.

Siddharth now decides to look at secondary income options to cater to his family’s growing needs and decides to save in Bharti AXA Life Guaranteed Wealth Pro for a premium of INR 1,00,000 p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any). He opts for Short Term Income Option considering he wants income for a period of 12 years and opts for a policy term of 25 years and premium payment term of 12 years.

The income payout period would be 12 years and the income would start from the 14th year (end of period) till the 25th year (end of period).

The income can be taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly. Siddharth opts to receive income annually.

The below cases illustrate the benefits that Siddharth would receive in this Short Term Income option.

Case I: On survival till policy maturity

Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years. On Survival, provided all premiums have been paid, Income would start from the 14th year till the end of 25th year (this is the income payout period).

Case II : (In case of Death during Policy Term):

In the example above, in case of Siddharth’s death during the policy term in the 10th year, his family would receive death benefit of INR 10,50,000 immediately on death.

All the above examples are for illustration purpose only.

In planning for his early retirement Siddharth also decides to save through Bharti AXA Life Guaranteed Wealth Pro for a premium of INR 50,000 p.a.(Exclusive of taxes). He opts for Long Term Income option considering he wants income for a period of 25 years and opts for a policy term of 38 years and premium payment term of 12 years.

The income payout period would be 25 years and the income would start from the 14th year (end of period) till 38th year (end of period). The income can be taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly. Siddharth opts to receive the income annually.

The below cases illustrate the benefits that Siddharth would receive in this Long Term Income option.

Case I: On survival till policy maturity

Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years. On survival, and provided all premiums have been paid, Income would start from the end of 14th year till the end of 38th year.

On survival till the Long-Term end of the policy term i.e., end of 38th year, all the premiums paid (excluding the taxes, rider premiums and underwriting extra premiums, if any) would be returned along with the income due at that time.

Case II : (Death during Policy Term) :

In case Siddharth dies during the policy term, death benefit would be payable. In the example above, in case of Siddharth’s death during the policy term in the 9th year, his family would receive death benefit of Rs. 5,25,000 immediately on death.

All the above examples are for illustration purpose only.

Rohit, at age 50 years, wants to ensure his financial independence for as long as he lives. He therefore decides to save through Bharti AXA Life Guaranteed Wealth Pro for a premium of INR 100,000 p.a. (exclusive of taxes, rider premiums and underwriting extra premiums, if any). He opts for Life Long Income option, considering he wants income for the rest of his life post his retirement and opts for premium payment term of 10 years. His Policy Term would be 50 years.

The income payout period would be 39 years and the income would start from the 12th year (end of period) till the 50th year (end of period) i.e., till Rohit attains age 100 years. The income can be taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly. Rohit opts to receive the income annually.

The below cases illustrate the benefits that Rohit would receive in this option.

Case I: On survival till policy maturity

Rohit pays the premiums for the entire duration of the premium payment term that is, 10 years. On Survival and provided all premiums have been paid, Income would start from the 12th year till Rohit attains the age of 100.

On survival till the end of the policy term i.e., end of 50th year, all the premiums paid (excluding the taxes, rider premiums and underwriting extra premiums, if any) would be returned.

Case II (Death during Policy Term) :

In the example above, in case of Rohit’s death during the policy term, in the 10th year, his family would receive death benefit of INR 10,50,000 immediately on death.

All the above examples are for illustration purpose only.

Chirag, at age 35 years, decides to save in Bharti AXA Life Guaranteed Wealth Pro for a premium of INR 1,00,000 p.a. (exclusive of taxes, rider premiums and underwriting extra premiums, if any). He opts for Early Income option considering he wants income from next year and opts for a policy term of 20 years and premium payment term of 10 years.

On Survival and provided all premiums have been paid, the Early Income starts from Year 2 (after payment of due premium) till Year 11 (beginning of year); from end of Year 11, income payments (Guaranteed Income plus Loyalty Booster) start and are paid till end of 20th year.

Early income will only be paid monthly or annually only. The guaranteed and loyalty income can be taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly. Chirag opts to receive the income annually.

The below cases illustrate the benefits that Chirag would receive in this option.

Case I: On survival till policy maturity

Chirag pays the premiums for the entire duration of the premium payment term that is, 10 years. Immediately, on the payment of second year premium, Early Income starts and is paid each year till the beginning of year 11.

On survival and provided all premiums have been paid, Guaranteed Income and Loyalty Income payments would start from the end of the 11th year till the end of 20th year.

Case II (Death during Policy Term) :

In case Chirag dies during the policy term in the 10th year, his family would receive death benefit of INR 10,50,000 immediately on death.

All the above examples are for illustration purpose only.

Chirag, at age 35 years, also decides to purchase Bharti AXA Life Guaranteed Wealth Pro for a premium of INR 10,00,000 p.a. (exclusive of taxes, rider premiums and underwriting extra premiums, if any) and opts for Long Term Early Income option considering he wants income from next year but for a longer period and opts for a policy term of 25 years and premium payment term of 10 years with an income payout period of 15 years.

On Survival and provided all premiums have been paid, the Early Income starts from Year 2 (after payment of due premium) till Year 10 (beginning of year); from. end of Year 10, income payments (Guaranteed Income plus Loyalty Booster) start and are paid till end of 24th year. On survival till the end of the 25th Year, the total premiums paid are returned in addition to terminal booster payment.

Early income will only be paid monthly and annually. The guaranteed and loyalty income can be taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly. Chirag opts to receive the income annually.

The below cases illustrate the benefits that Chirag would receive in this option.

Case I: On survival till policy maturity

Siddharth pays the premiums for the entire duration of the premium payment term that is, 10 years. Immediately on payment of the second year premium, Early Income starts and is paid each year till the beginning of year 10. On survival, and provided all premiums have been paid, Guaranteed Income and Loyalty Income payments would start from the 10th year end till the end of 24th year.

On survival till end of 25th year, total premiums paid are returned along with Terminal Booster.

Case II (Death during Policy Term) :

In case Chirag dies during the policy term in the 10th year, his family would receive death benefit of INR 1,05,00,000 immediately on death.

All the above examples are for illustration purpose only.