What is the free look period for this policy?

The free look period for the Bharti AXA Life Shining Star plan is 15 days from the date of receipt of the policy is bought offline and 30 days from receipt of the policy if the policy is sourced through distance marketing.

How to check Bharti AXA Life Shining Star policy status?

The Bharti AXA Life Shining Star policy status can be checked by giving them a call or emailing the insurer.

What is the minimum amount of loan under the policy?

The minimum amount of loan under this policy is Rs. 15 000.

Can the policy be surrendered?

The Bharti AXA Life Shining Stars policy can be surrendered if you cannot pay all the premiums and wish to exit the policy early. Only the surrender value will be payable to you.

What does the policy acquire a Surrender value?

A surrender value is acquired on the Bharti AXA Life Shining Stars policy if at least two annualized regular premiums are paid.

What is the revival period for the policy?

A revival period of 5 years after the due date of the first unpaid premium is available in case of a lapsed or paid-up policy.

How should one change the nominee named in this plan?

The policyholder should contact the insurer by calling the toll-free number and fill up an endorsement form to inform them to change the nominee's name.

Bharti AXA Life Shining Stars Plan

As a responsible parent, one would always want to make sure that one's children A accomplish a cent per cent success in all challenges that life throws at them. One would like to ensure that one's child is always protected from financial instabilities. It is challenging to make sure that one is not compromising on their goals of protecting their children's future while keeping them safe in every circumstance.

Investing in your child's future:A wise decision & a loving choice

Benefits of Investing In Child Plan

Waiver of Premium Benefit

Future Premiums are paid by the insurer upon death of policyholder

Flexible Payout Options

Your premiums help your child achieve their dreams through lump sum or regular payouts

Wealth Boosters

Get rewarded with Wealth Booster and Loyalty Bonus for staying invested with us

Zero Commission

We charge no commission when you buy from us. Also buy online & get extra

Tax Benefits^

You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)

Investment Flexibility

It offers the flexibility to invest at regular intervals or as a one-time contribution

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr^# Tax-Free* on Maturity

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Bharti AXA Life Shining Stars Plan provides one with the option of choosing from multiple policies and premium paying terms. The insured can also choose the options of benefit payout depending upon the child's needs.

Parameters	Details
Policy Tenure	12-20 years
Premium Paying Term	7-15 years
Premium Paying Mode	Monthly, quarterly, semi-annually, & annually
Entry Age	18-60 years
Maturity Age	72-80 years
Grace Period	30 days (15 days for monthly frequency)
Sum Assured	Min- Rs. 50,000 Max- No limit; subject to underwriting norms
Liquidity	Loans are available under this policy once the policy acquires surrender value.

Benefits of the Bharti AXA Life Shining Stars Policy

Here are the core benefits of Bharti AXA Life Shining Stars Policy offered by Bharti AXA Life Insurance Company to its buyers:

Flexi Payout Option-

The maturity benefit comes with two payout options:

(a) Flexi payout option - The Insured may also opt to receive the payout after a year, all through the maturity payout period.

(b) Annual payout option- For the Annual payout option, one may also choose to receive the current value in a lump sum for all expected payouts in the future.

These payout options can be chosen at the time of the policy inception. This option can also be modified when the policy matures according to the child's needs.
Death Benefit-

The Death Benefit under the Bharti AXA Life Shining Stars Plan ensures that the needs of the policyholder's child are fulfilled if something unfortunate happens to the life insured (parent) within the policy term. The further premiums shall be waived off in such a condition, and the Death Sum Assured will be paid. However, the Maturity Benefit shall go on uninterrupted, which will be payable to the nominee once the policy matures.
Maturity Benefit-

The policyholder will be entitled to the Maturity benefit if he survives until the Maturity Date and has paid all due premiums. This benefit is the Sum Assured on Maturity. It is equal to the Sum Assured under the policy and will be paid as a lump sum.
Policy Loan Benefit-

The policy offers the flexibility to take a loan from the Company in case of any financial emergency. The interest rate will be specified by the Company while advancing the loan.
Tax Benefit*-

Based on the prevailing tax laws, the policyholder is eligible for tax benefits on the benefits received under the policy and the paid premiums.

*Tax benefit is subject to change in tax laws

The Premium for Bharti AXA Life Shining Stars

The Bharti AXA Life Shining Stars premium applicable for this policy is dependent on the following factors:

Age
Gender
Sum assured
Policy term(PT)
Premium payment term(PPT)

The premium payment mode could be monthly, quarterly, semi-annual and annual.

The minimum premium for a PPT-7 and a PT-12 is Rs. 5791.*(Standards T&C apply)

People can use the Bharti AXA Life Shining Stars calculator available online to get an idea about the premium sum to be paid.

Additional Riders for Bharti AXA Life Shining Stars

The additional riders available for the Bharti AXA Life Shining Stars policy for added protection are:

Bharti AXA Life Term Rider
Bharti AXA Life Hospi Cash Rider
Bharti AXA Life Accidental Death Benefit Rider

Invest More Get More

Invest ₹10K/Month YOU GET ₹1 Crores^* For Your Child View Plans

Invest ₹8K/Month YOU GET ₹80 Lakhs^* For Your Child View Plans

Invest ₹5K/Month YOU GET ₹50 Lakhs^* For Your Child View Plans

Standard T&C Apply *

Eligibility for Bharti AXA Life Shining Stars

Minimum age of entry: 18 years age last birthday for all Policy terms
Maximum age of entry: 60 years age last birthday for all Policy terms
Maximum age at maturity: The age at maturity could be 72 years, 73 years or 74 years for 12 years, 13 years or 14 years, respectively.

What are the documents required to buy this policy?

To buy Bharti AXA Life Shining Stars policy, one must provide the following documents-

Identity proof- AADHAR card, voter's card or passport
Address proof- AADHAR card, ration card, driver's license or passport
Income proof- Salary slips or income tax returns

Unique Triple Benefit

Future premiums paid by insurer on parent's death

Monthly income to fund child's education on parent's death

Lumpsum payout to family on parent's death

Returns

Return as of Apr 2024
12%-15%
8.2%
7.1%

Availability

Availability
Girl Child or Boy Child
Girl child only
Girl Child or Boy Child

Max Entry Age
Upto 18 years
Upto 10 years
No Age Limit

Flexibility

Invested Amount can be Withdrawn after
5 years
21 years
15 years

Conditions for Premature closure
Anytime after 5years
Extreme Compassionate Grounds
Serious Ailments or for education

Penalty on Premature Closure
No Penalty after 5 years
Returns reduced to Post Office Savings rate
1% reduction in interest rate

Max deposit amount in an year
No Limit
1.5 Lacs
1.5 Lacs

Documentation

Documentation Required for Withdrawal
Low
High
Low

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How to buy this plan online?

One can buy Bharti AXA Life Shining Stars online by clicking on the 'Buy Now' option provided on the website.

The steps to be followed to buy it online are as follows:

Fill in your personal details
Provide the proper details and the plan details, which you intend to buy. The Bharti AXA Life Shining Stars calculator will give you a quote for your saving plan
The next step is to take care of the premium payment if you agree with the quote
Once the payment is confirmed, the policy documents will be emailed to you

Exclusions of Bharti AXA Life Shining Stars policy

Based on Bharti AXA Life Shining Stars reviews, the policy has a Suicide clause. In case of the policyholder's death by suicide within a year from the date of risk commencement or the policy revival date, his nominee or beneficiary will become eligible to receive Policy Surrender value, or at least 80% of the total premiums paid until the date of death, whichever is higher. This will hold good if the Bharti AXA Life Shining Stars policy status is active.

FAQ's on Bharti AXA Life Shining Stars Plan

What is the free look period for this policy?

The free look period for the Bharti AXA Life Shining Star plan is 15 days from the date of receipt of the policy is bought offline and 30 days from receipt of the policy if the policy is sourced through distance marketing.
How to check Bharti AXA Life Shining Star policy status?

The Bharti AXA Life Shining Star policy status can be checked by giving them a call or emailing the insurer.
What is the minimum amount of loan under the policy?

The minimum amount of loan under this policy is Rs. 15 000.
Can the policy be surrendered?

The Bharti AXA Life Shining Stars policy can be surrendered if you cannot pay all the premiums and wish to exit the policy early. Only the surrender value will be payable to you.
What does the policy acquire a Surrender value?

A surrender value is acquired on the Bharti AXA Life Shining Stars policy if at least two annualized regular premiums are paid.
What is the revival period for the policy?

A revival period of 5 years after the due date of the first unpaid premium is available in case of a lapsed or paid-up policy.
How should one change the nominee named in this plan?

The policyholder should contact the insurer by calling the toll-free number and fill up an endorsement form to inform them to change the nominee's name.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.