Bharti AXA Life
Future Invest Plan
(UIN: 130L049V05)(ADVT No. II-Sep-2024-5503)
A Unit-Linked, Non-Participating Individual Life Insurance Plan
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
Why Choose Bharti AXA Life Future Invest Plan?
An Investment Plan where you invest money for a limited time-frame and reap good returns at the end of the policy term. You can enjoy benefits for 10 years while paying Single Premium or paying for 5 years only.
- Limited Premium Payment Plan
A limited premium payment plan with a longer term to remain invested. Pay single premium or for first 5 years and accrue benefits for 10 years.
- Zero Allocation Charges (other charges as applicable)
Since there is no premium allocation charge, 100% of premiums paid will be allocated to the funds chosen by you. other charges levied as applicable.
- Flexibility Of Partial Withdrawals
Pay once or for 5 years while accruing benefits for 10 along with the flexibility of partial withdrawals. You can stay invested in the funds for an extended period of 5 years after Maturity, as you can choose from two premium payment terms - single pay and 5 years. You can also withdraw money from your Policy Fund Value any time after the completion of five Policy years.
- Tax Benefits
You can enjoy tax benefits on the premiums paid and pay-out benefits received. The tax benefits fall under Income Tax Act, 1961. They are subject to change as per changes in tax laws from time to time.
How Does the Product Work?
Make Your Plan with Ease
Pick a Premium Payment Term
Choose one of the options, as per your financial goals.
5 Years
Sum Assured: Higher of 10 times Annualized Premium Or (0.5* Policy Term* annualized premium)
Single Pay
Sum Assured: 125% of Single Premium
5 Years
Sum Assured: Higher of 10 times Annualized Premium Or (0.5* Policy Term* annualized premium)
Single Pay
Sum Assured: 125% of Single Premium
Insurance Jargon Explained
Maturity Benefit
It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.
Loyalty Additions
The loyalty addition is given upon the maturity of the policy, and not before. It is a small percentage of the sum assured. Broadly speaking, loyalty addition is the difference between the performance of the insurance company and the guaranteed additions.
Premium
The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).
Sum Assured
Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
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**Tax benefits are in accordance to current tax laws that are subject to change from time to time.