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Bharti AXA Life EAajeevan Sampatti+ Plan

What is the Plan all About?

Bharti AXA Life eAajeevan Sampatti+ is an online traditional, non-linked, participating, whole life plan that offers protection up to 100 years of age along with the guaranteed annual payouts. The annual payouts under the plan help fulfill the financial obligations and the protection benefit provides financial cover for the family, in case of your unfortunate demise.

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What are the Key Features?

  • Maturity benefit
  • Guaranteed Annual Payouts
  • Lifelong protection
  • Enjoy cash bonuses
  • Limited pay period
  • High sum assured discount
  • Loan facility available
  • 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 11 times the Annualized Base Premium or Sum Assured on Maturity. The death benefit payable is higher of Sum Assured payable on death or 105% of all premiums paid

    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, provided the policy is in-force.

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 under policy term to 100 years/85 years, respectively.
       
    • Non-Guaranteed Cash Bonuses

      Non-guaranteed Cash Bonus (as a percentage of Sum Assured on Maturity) is payable every year from the end of the 6th policy year until maturity or death, whichever is earlier.

Loan Benefit

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

Surrender Value

    The policy can acquire Surrender Value after payment of at least one annualized premium. Upon surrendering the policy, you will get Special Surrender Value or Guaranteed Surrender Value, as specified under the policy.

Tax Benefit

    This policy provides tax benefits under section 80C & 10 (10D) of the Income Tax Act, subject to change in tax laws from time to time.

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 30 Days From The Receipt Of The Policy -
Grace Period 30 Days -
Plan Type Online -

Is any Rider Available with this Plan?

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

  • Premium Waiver Rider on Critical Illness
  • Accidental Death Benefit Rider
  • Daily Hospitalization Cash Benefit Rider

How the Plan Works?

Raman at 30 years, wants to buy Bharti AXA Life eAajeevan 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 the annual premium of Rs 1,01,945.

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 goals.

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 11,21,390 as death benefit. This benefit ensures adequate financial cover for the family.

Benefit Illustration:

Bharti AXA Life eAajeevan Sampatti+ Plan Benefit Illustration