Bharti AXA Life
Income Laabh
(UIN: 130N122V01)(ADVT No. II-Sept-2023-5008)
A Non-Linked, Non-Participating, Life Insurance, Individual, Savings Product
#TheSmartThingToDo#MultipleIncomeOptions#SaveforFuture
Why you should go for Bharti AXA Life Income Laabh?
Bharti AXA Life Income Laabh provides life insurance coverage; a regular stream of income along with a lumpsum payout to help you achieve your dreams while ensuring the financial security of your loved ones. The product is designed to protect your family’s future, even in your absence, while empowering you to secure your financial obligations and achieve your dreams.
- Assured Protection: Bharti AXA Life Income Laabh offers life cover throughout the policy term.
- Guaranteed Income: The plan offers the option to earn guaranteed income for 10 or12 years depending on your needs.
- Increased Income Benefit: Bharti AXA Life Income Laabh offers increased income benefit after 5 or 6 years depending on the policy term option chosen.
- Guaranteed Lumpsum Benefit: The plan also provides a guaranteed lumpsum benefit in the last year of the income payout period.
- Flexibility: If you choose Bharti AXA Life Income Laabh you can benefit of choosing your premium payment term or policy term as per your need.
- Tax Benefits: You may be eligible for tax benefits on the premiums paid as well as the benefits received subject to the prevailing tax laws. However, the tax benefits are subject to change as per change in tax laws from time to time.
Key Benefits
Assured Protection
Guaranteed Income Benefit
Increased Income Benefit
Flexibility to choose Policy Term and Premium Payment Term
Enhanced Coverage through optional Riders
Tax Benefits
How Does the Plan Exactly Work?
Bharti AXA Life Income Laabh is a non-linked, non-participating, life insurance, individual savings plan designed to protect your family’s future, even in your absence, while empowering you to secure your financial obligations and to achieve your dreams.
Make your plan with ease
Pick a plan option
Choose one of the options, as per your financial goals.
10 Years
Policy term is of 11 years.
12 Years
Policy term is of 13 years.
10 Years
Policy term is of 11 years.
12 Years
Policy term is of 13 years.
Now, add a rider
For added protection, the following riders can be availed by paying additional premium along with Bharti AXA Life Income Laabh.
Bharti AXA Life Term Rider (UIN: 130B009V02):
Under this rider the policyholder can increase the life insurance coverage for a nominal premium.
Bharti AXA Life Hospi Cash Rider (UIN: 130B007V04):
This rider allows payment of a fixed benefit for each day of hospitalization subject to maximum of 40 days per year and also provides lump sum benefit in case of surgery.
Bharti AXA Life Premium Waiver Rider (UIN: 130B005V04):
Under this rider, in case the Life Insured is diagnosed from any of the 11 critical illnesses covered under the rider, the future premiums are waived off and the benefits under the policy will continue.
Bharti AXA Life Non Linked Complete Shield Rider (UIN: 130B011V01):
Receive additional sum assured chosen under the rider in case of happening of a covered event.
Your Questions Answered
How do I know my ideal Sum Assured?
The ideal income for your chosen Sum Assured is shown in the premium box. Depending on your income status you can either increase or decrease your Sum Assured.
What will be the difference if I take the policy from an aggregator?
There is no difference. Web aggregators just advertise the benefits of Bharti AXA Life products on their website. All applications for purchasing the policy are directly routed to the Bharti AXA Life website. A customer cannot directly purchase the policy from an aggregator.
I do not have my policy details readily available with me either for Bharti AXA or for any other Insurance Company.
We suggest you save the data entered till now & collect the information requested for completing this information. Any non-disclosure can have a direct impact on your application.
Insurance Jargon Explained
Sum Assured
Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
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.
Coverage
The amount of protection provided to the Policyholder on the basis of premium amount and the terms of the policy.
Rider
A provision attached to a policy that adds benefits not available in the original policy or that changes the original policy.
Riders help the Policyholder in enhancing the insurance product to meet specific needs by adding protection benefits to the basic Insurance Plan at a lower additional cost. For example, Bharti AXA Life Hospi cash rider provides fixed per day cash benefit to the Policyholder for each day of hospitalisation, thus providing benefits of a health plan along with base Life Insurance plan.
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#Assuming the values shown are for male aged 25 years.
^ Get guaranteed income of Rs 58,524 per annum from end of year 11 to end of year 15.
Get guaranteed income of Rs 87,785 per annum from end of year 16 to end of year 20.
Further, get guaranteed Lumpsum Benefit of Rs. 2,92,618 at the beginning of year 21.
*Terms and Conditions Apply.
*Guaranteed- Subject to Survival of the Life Insured, the Policy is in force and all due premiums have been paid.