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Bharti AXA Life Aajeevan Sampatti+ Plan

What is the Plan all About?

Bharti AXA Life Aajeevan Sampatti+ is a limited pay, traditional, non-linked participating whole life plan that offers guaranteed annual payouts and protection up to 100 years of age. This plan helps fulfill the financial obligations in different stages of life, so it ensures you a worry-free life.

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What are the Key Features?

  • Guaranteed Annual Payouts
  • Maturity benefit
  • Life insurance benefit
  • Enjoy cash bonuses
  • Limited Premium Payment Term
  • Premium discount on opting sum assured of Rs 4 lacs & above
  • Loan facility against the policy
  • Avail tax benefits

What are the Plan Benefits?

Death Benefit

    In the event of death of the life insured, the Sum Assured Payable on Death is higher of Sum Assured on Maturity, 105% of premiums paid, or 11 times of Annualized Base Premium. The death benefit payable is higher of 105% of all premiums paid or Sum Assured Payable on Death.

    Your coverage will continue until you reach the age of 85 or 100 years, depending on the policy term chosen.

Maturity Benefit

    On survival of the life Insured till the end of the policy term, Sum Assured on Maturity is payable.

Survival Benefit

    The Survival Benefit includes Guaranteed Annual Payouts & Non-guaranteed Cash bonuses.

    • Guaranteed Annual Payouts
      The Guaranteed Annual Payouts after completion of the 10th policy year until maturity or death, whichever is earlier. Guaranteed Annual Payout Percentage is 5.5%/6% of Sum Assured on Maturity for policy term to 100 years/85 years, respectively.
       
    • Cash Bonus
      Non-guaranteed Cash Bonus is payable every year from the 6th Policy year onwards until maturity or death, whichever is earlier.

Loan Benefit

    You can avail loan amount up to a maximum of 70% of the acquired Surrender Value. The minimum loan amount you can obtain is Rs 15,000.

Surrender Value

    The policy can acquire Surrender Value after payment of all due premiums for the first full policy year. Upon surrendering the policy, you will get Guaranteed Surrender Value or Special Surrender Value, as specified under the policy.

Tax Benefit

    You can avail tax benefits for premiums paid under section 80C & the benefits received is eligible for tax benefits under section 10 (10D) of the IT Act, 1961.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 91 Days 60 Years (policy Term To Age 100), 50 Years (policy Term To Age 85)
Age at Maturity - 100 Or 85 Years, Depending On The Policy Term Chosen
Policy Tenure 100 Or 85 Years Minus Age At Entry -
Premium Paying Term 10 Years 15 Years
Premium Paying Mode Annually, Semi Annually, Quarterly & Monthly -
Premium Amount Depends On The Minimum Sum Assured On Maturity -
Sum Assured on Maturity Rs 50,000 No Limit (subject To Underwriting)
Freelook Period 15 Days From The Receipt Of The Policy -
Grace Period 30 Days -
Plan Type Offline -

Is any Rider Available with this Plan?

Following riders can be opted, on payment of additional rider premium.

  • Bharti AXA Life Hospi Cash Rider
  • Premium Waiver rider

How the Plan Works?

Raman at 30 years, wants to buy Bharti AXA Life Aajeevan Sampatti+ to gain control over savings and whole life protection. He opts the plan with the premium paying term of 10 years, coverage until 100 years, Sum Assured on Maturity is Rs 5,00,000 with annual premium of Rs 1,07,310.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Rs 5,00,000 as the maturity amount. This benefit helps meet your financial objectives.

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during any policy year, the nominee will receive Rs 11,80,410 as death benefit.

Benefit Illustration:

Bharti AXA Life Aajeevan Sampatti+ Plan Benefit Illustration