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Bharti AXA Life Samriddhi Plan

What is the Plan all About?

Bharti Axa Life Samriddhi is a non linked, participating saving oriented life insurance endowment plan. It is important to secure the family’s financial health against the challenges of life .This plan offers you a to save regularly some amount to get a substantial benefit in the future to accomplish your objectives and goals. Saving regularly over a long period ensures the accomplishment of financial goals at life’s various stages along with the life protection cover.


What are the Key Features?

  • Flexibility to choose the premium payment term
  • Get a comprehensive life insurance cover
  • Potential enhancement of funds with bonus
  • Additional financial returns via accrued bonuses
  • Avail Tax Benefit under existing tax laws

What are the Plan Benefits?

Death Benefit

    In case of an unfortunate event of death of the Life Insured during the Policy Term, the sum of benefits will be payable to the nominee which is Basic Life Insurance Cover+ Accrued Non-Guaranteed Annual Simple Reversionary Bonus + Non-Guaranteed Terminal Bonus accrued till death.

    The Basic Life insurance cover will be higher of Sum Assured on Maturity or 11 times Annualized Premium but the death benefit payable shall never be lower than 105% of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

Maturity Benefit

    In case the Life Insured survives till the completion of the policy term provided all premiums are duly paid, then 100% of Sum Assured on Maturity is paid at the completion of policy term along with accrued Non-Guaranteed Annual Simple Reversionary Bonus and Non-Guaranteed Terminal Bonus.


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

Loan Benefit

    No loan facility I available under this plan.

Surrender Value

    The policy acquires a surrender value after the payment of two annualised regular premiums for premium payment term of 5 years and after payment of three annualised regular premiums for all other premium payment terms. The surrender value is dependent on the year of surrender and premium payment term.

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) 8 Years (for 10 Year Policy Term) 3 Years( For 15 Year Policy Term) 0 Years ( For 20/25/30/35 Year Policy Term) 55 Years (for 10/15 Year Policy Term) 50 Years( For 20/25 Year Policy Term) 45 Years (for 30/35 Year Policy Term)
Age at Maturity - 65 Years (for 10 Year Policy Term) 70 Years (for 15/20 Year Policy Term) 75 Years (for 30 Year Policy Term) 80 Years ( For 35 Year Policy Term)
Policy Tenure 10 Years 35 Years
Premium Paying Term Limited & Regular Pay -
Premium Paying Mode Annually,Semi Annually, Quarterly And Monthly -
Premium Amount Rs 18,000 (for 5/10 Year Policy Term) Rs 12,000 (for 12/15 Year Policy Term) Rs 6,000 (for 20/25 Year Policy Term) Rs 3,000 (for 30/35 Year Policy Term) -
Sum Assured Depends On The Minimum Premium -
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 riders are available with this plan

  1. Bharti AXA Life Hospi Cash Rider
  2. Bharti AXA Life Premium Waiver Rider

How the Plan Works?

Let us understand the plan with the case study of Rahul

  • Name of Life Insured: Rahul
  • Age: 35 years old
  • Profession:  salaried individual working with an MNC
  • Family Structure: Wife who is a homemaker and a daughter who is 5 years old.

Rahul purchases Bharti AXA Life Samriddhi for his retirement needs and invests Rs 25,000 as annualized premium. He chooses a policy term of 25 years. Assuming that Rahul is in good health, his sum assured as per his age is Rs 698,129


Bharti AXA Life Samriddhi Plan