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Bharti Axa Life Monthly Income Plan+

What is the Plan all About?

Bharti Axa Monthly Income Plan+ is a limited pay traditional participating life insurance plan. It offers the monthly advantage to offer you an extra monthly income. The plan helps you to fulfill the desire of your loved ones with an extra income source through this policy. It is an ideal plan for receiving an extra income to meet your family’s needs and goals at different milestones of life.


What are the Key Features?

  • Flexibility to choose the policy term
  • Flexibility to choose the premium payment term
  • Receive a guaranteed tax free monthly income
  • Potential Upside through bonuses
  • Avail Tax Benefit under existing tax laws

What are the Plan Benefits?

Death Benefit

    The death benefit is payable if the life insured dies during the term of the policy. The nominee from the next policy month onwards and continues for the next 8, 10 or 15 years,depending on the Policy Term option chosen at the inception of the policy. This payout is made over and above the Monthly Income payouts made before the death of the Life Insured.

    Policy Term

    Death Benefit Period (in months)

    Death Benefit

    15 years


    165% of Monthly Income for Ages <45

    150% of Monthly Income for Ages >=45

    20 years


    140% of Monthly Income for all Ages

    30 years


    110% of Monthly Income all Ages

    The accrued Non-Guaranteed Annual Reversionary bonuses and Non-Guaranteed Terminal bonus are paid out on death as a lump sum along with the first monthly income Instalment.

Guaranteed Monthly Income

    The life insured will start receiving Guaranteed Monthly Income after the completion of the Premium Payment Term, until Maturity, provided the policy is in force. After the completion of the premium payment term, the guaranteed monthly income is paid for 96 months for a 15 year policy term, for 120 months for 20 year policy term and for 180 months for 30 year policy term.

Maturity Benefit

    Maturity benefit is payable on  the survival of the Life Assured till the completion of the policy term . At Maturity, you receive Non-Guaranteed Annual Reversionary


    Non-Guaranteed vested simple Reversionary Bonuses and Non-Guaranteed Terminal Bonus is payable under this plan.

Loan Benefit

    Loan facility is available under this plan. The maximum loan amount which can be taken under this policy should not exceed 70% of Surrender Value.

Surrender Value

    Minimum guaranteed Surrender Value is 30% of all premiums paid till date, less all guaranteed monthly income pasid till date and excluding any extra premium paid.

Tax Benefit

    The plan offers tax benefits under section 80C  and section 10 (10D) of the Income Tax Act,1961.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 3 Years (for 15 Year Policy Term) 0 Years( For 20/30 Year Policy Term) 65 Years (for 15 Year Policy Term) 60 Years (for 20 Year Policy Term) 50 Years (for 30 Year Policy Term)
Age at Maturity 18 Years 80 Years
Policy Tenure 15/20 Years 30 Years
Premium Paying Term 7, 10 And 15 Years For 15, 20 And 30 Year Policy Term -
Premium Paying Mode Annually,Semi Annually, Quarterly And Monthly -
Premium Amount Rs 2,000 ( For 15 Year Policy Term) Rs 1,750 (for 20 Year Policy Term) Rs 750 (for 30 Year Policy Term) -
Sum Assured Rs 1,92,000 (for 15 Year Policy Term) Rs 2,10,000 (for 20 Year Policy Term) Rs 1,35,000(for 30 Year Policy Term) No Limit (Subject To Underwriting)
Freelook Period 15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days & 15 Days (for Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

Following rider is available with this plan

  • Bharti AXA Life Hospi Cash Rider 

How the Plan Works?

Let us understand the plan with the case study of Rohit

  • Name of Life Insured: Rohit
  • Age: 35 years old
  • Profession:  salaried individual working with an MNC
  • Family Structure: Wife who is a homemaker and a son who is 1 year old.

Rohit invest in this plan for a period of 15 years. He wishes to receive Rs 3,000 as Guaranteed Monthly Income. His premium payment term will be 7 years.

Bharti Axa Monthly Income Plan+

Plan Benefits:

1.Rohit starts receiving Guaranteed Monthly Income of Rs 3,000 by the time his son is 8 years old. With this Rohit can ensure that he fulfills the dreams and needs of his growing son.

2. In case something unfortunate happens to him, before Maturity of the policy,he secures his family as they receive Monthly Income of Rs 4,950 until 8 years.