Bharti AXA Life Future Invest Plan

Bharti AXA Life Future Invest Plan is a ULIP which provides the dual benefit of insurance cover and wealth creation through participation in capital markets

kapil-sharma
  • 4.8~ Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans with High Returns**
Invest ₹10K/month & Get ₹1 Crore# on Maturity
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
7.7 Crore
Registered Consumer
50
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 unit linked plan with Limited Pay and Single Pay option
  • The policy term is fixed at 10 years while the PPT is fixed at 5 years in case of limited pay
  • There are 6 Funds available for investment:
  • Growth Opportunities Plus Fund
  • Grow Money Plus Fund
  • Build India Fund
  • Save ‘n’ Grow Money Fund
  • Steady Money Fund
  • Safe Money Fund

Benefits

  • The insured will get the total Fund Value on Maturity
  • On death, higher of the basic SA net of any partial withdrawals already made from the Fund Value or the Fund Value or 105% of the total premiums paid will be payable
  • The policyholder may choose the Settlement Option under which the maturity proceeds can be availed over a period of 5 years in instalments
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

 59 years

Maturity Age (Last Birthday)

-

69 years

Policy Term (PT) in years

10

Premium Paying Term (PPT) in years

Single Pay or Limited pay for 5 years

Premium Paying Frequency

Yearly, half-yearly, quarterly, monthly

Yearly Premium

18,000 under Limited Pay

50,000 under Single Pay

No limit

Sum Assured

Single Pay – 1.25 * Single Premium for ages <45 yrs. & 1.1* Single premium for ages >45 yrs.

Single Pay – 5 * Single premium for ages<45 yrs. & 3* Single premium for ages >45 yrs

Details About Premium

Illustration for a policy term of 10 years and PPT 5 years

Age

35 years

Premium

50,000

Sum Assured

500,000

Fund Value @ 4%

259,544

Fund Value @ 8%

358,824


Policy Details

  • Grace Period: 15 days’ grace period is allowed under the monthly mode and 30 days under other modes
  • Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges
  • 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.

Inclusions

  • Two free partial withdrawals are allowed every year which should be a minimum of Rs.1000
  • 12 free switches are allowed per policy year
  • Premium Redirection is also available

Additional Features or Riders

  • There are no premium allocation charges under the plan

Exclusions

  • The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date.

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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Ulip Insurer2
Insurers Offering ULIPs

Tata AIA

Aditya Birla Sun Life

Bajaj Allianz

Max Life

HDFC Life

ICICI Prudential

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life

Aviva

Bandhan Life

Canara HSBC

IDBI Federal

IndiaFirst

Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
ulipInsurer_3
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
14 ULIP Charges You Should Know About

14 Nov 2024

When investing in Unit-Linked Insurance Plans (ULIPs), it’s
Read more
Top-Up Premium in ULIP

11 Nov 2024

A top-up premium in a ULIP (Unit Linked Insurance Plan) allows
Read more
Sum Assured in ULIP

05 Nov 2024

Sum Assured in a Unit Linked Insurance Plan (ULIP) is the
Read more
Partial Withdrawal Feature in ULIPs

19 Sep 2024

ULIPs offer a flexible feature known as partial withdrawal. This
Read more
SBI Life Smart Platina Plus

09 Sep 2024

SBI Life Smart Platina Plus is a life insurance savings plan
Read more
ULIP Calculator
  • 08 Oct 2018
  • 128116
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Platina Plus
  • 09 Sep 2024
  • 24454
SBI Life Smart Platina Plus is a life insurance savings plan designed to provide financial security and income in
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 103593
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
Tata AIA ULIP Plan Calculator
  • 07 Feb 2023
  • 8236
A Tata AIA ULIP Plan Calculator is a premium and returns calculation tool that helps easily and quickly compare
Read more
SBI Life Smart Platina Assure
  • 23 Aug 2024
  • 2866
SBI Life Smart Platina Assure is a life insurance savings plan that offers guaranteed returns. It's a non-linked
Read more

top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore returns*

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL