Bharti AXA Life Secure Income Plan

Bharti AXA Life Secure Income Plan is a traditional non-participating savings plan with regular monthly incomes to take care of the additional expenses and also life insurance coverage for protection purposes

4.8^~ Rated
7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

Investment Plans

Guaranteed Tax Savings^Under sec 80C & 10(10D)
Under sec 80C & 10(10D)Invest ₹10k Per Month*
Zero LTCG Tax^

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Get Guaranteed returns along with life cover

invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

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.

Key Features

It is a non-participating plan with limited premium payment option
Guaranteed Income is paid every month after the completion of the premium payment term
Guaranteed Additions accrue after the premium payment term till maturity or death
The rate of Guaranteed Additions depends on the policy term and the PPT

Benefits

On maturity, the basic SA along with the aggregate Guaranteed Additions, is paid to the policyholder
On death of the policyholder the death benefit as per the policy term chosen is payable

Policy term	Death Benefit
15 years & 17 years	Higher of SA + accrued Guaranteed Additions or 11 times Annual Premium or 105% of all premiums paid till death
20 years	Higher of SA + accrued Guaranteed Additions or 13 times Annual Premium or 105% of all premiums paid till death

A guaranteed Income of 8% of Sum Assured p.a. is paid from the completion of the PPT till maturity or death
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	0 years	65 years
Maturity Age (Last Birthday)	-	80 years
Policy Term (PT) in years	15, 17 or 20
Premium Paying Term (PPT) in years	5, 7 or 10 respectively
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Yearly Premium	18,000	No limit
Sum Assured	Depends on the premium chosen

Details About Premium

Annual premium in Rupees for a policy term of 20 years and PPT 10 years

Age	30 years
Premium	50,000
Sum Assured	311,061
Guaranteed Income from 11^th year	24,885 every year
Aggregate Guaranteed Additions payable on Maturity	311,061
Maturity Benefit	622,122
Death Benefit	650,000

Policy Details

Grace Period: 30 days’ grace period is allowed for premium payment in all modes. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2 / 3 years’ premiums has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

GSV = GSV Factor * annual premiums less the Guaranteed Monthly Income already received

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Additional Features or Riders

Discount in premium for premiums of Rs. 1 lakh and above
Bharti AXA Life Hospital Cash Rider is available under the plan

Inclusions

A loan of a maximum of 70% of the Surrender Value is available under the plan

Exclusions

In case of suicide committed within 12 months of policy inception only premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

†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.
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