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Bharti AXA Life
Shining Stars

Start investing with Shining Stars a child insurance-cum-investment policy for your child's future!
Bharti AXA Life Shining Stars is Right Choice for You

(UIN: 130N095V04)(ADVT No. II-Sep-2024-5513)
A Non-Linked Non-Participating Individual Life Insurance Savings Plan

Why Bharti AXA Life Shining Stars is the Right Choice for You

This child plan policy offers you the flexibility to choose from multiple premium paying terms and policy terms allowing you to choose the benefit payout options depending on your child's needs. A great short-term investment option for a child insurance policy.

  • Flexibility in Policy Term/Premium Payment Terms

    The product offers the choice of 9 combinations of policy terms and premium payment terms. A great single premium policy for child.

  • Flexibility to opt between 2 Maturity Payout Options
    Flexi Payout Option

    You may choose to receive the payout at the end of any year during the Maturity Payout period under Flexi Payout Option.

    Annual Payout Option at the time of inception

    Under Annual Payout option, you may choose to take the present value as lumpsum for all outstanding future payouts.

    The Payout option can be modified at the time of Maturity as per the child’s needs.

  • Inbuilt Benefit in case of death

    This benefit ensures that your child’s needs are taken care of if something unfortunate happens to the parent (Life Insured) during the Policy Term. In such a case, no further premiums to be paid, death benefit is paid and the Maturity Benefit shall continue to be payable to the nominee at the time of Maturity.

  • Tax benefits

    You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.

How does the plan exactly work?

 

Let’s take a look at a case study

 

Anil works in an MNC and is a 35-year-old married man. His family consists of his wife and his 3-year-old son. He wants to start planning for his son and needs a comprehensive child insurance policy to take care of all education related expenses of his son and accumulate enough funds which can be utilized for his child’s marriage or his child’s education plan or any other purposes in future. He also wants to ensure that his family’s needs are taken care of in case of his death.

 

Anil does not want to be constrained by the payout options that he chooses at the time of inception of the policy, hence, he decides to purchase Bharti AXA Life Shining Stars where he can choose to change the benefit options even at the time of Maturity.

 

He decides to take a policy term of 15 years for which the premium payment term is 10 years.

 

He decides to pay a premium of Rs. 50,000 p.a. (exclusive of taxes) for which the Sum Assured is Rs. 7,42,501. He pays the premium for 10 years.

 

Flexi Payout Option illustrate

 

Let us look at the benefits that Anil would receive in the below payout options so as to fulfil his future goals

 

When Anil decides to receive Maturity Benefit as a lumpsum so that he can pay for his child’s higher education expenses when his child turns 18 years old.

 

Benefits Payable

Benefit Amount @ (₹)
Maturity Benefit at end of 16th year

7,79,626

 

Anil may also choose to take the lumpsum at the end of any year during the Maturity Payout period. Maturity Payout period is the period of 4 years starting from Maturity.

Choose Your Plan with Ease

Select a Maturity Payout Option

Flexi Payout Option

 

You can choose to receive the payout at the end of any year during the Maturity Payout period under Flexi Payout Option.

Annual Payout Option at the time of inception

Flexi Payout Option

 

You can choose to receive the payout at the end of any year during the Maturity Payout period under Flexi Payout Option.

Annual Payout Option at the time of inception

Note: The Payout option can be modified at the time of Maturity as per the child’s needs.

 

Under Annual Payout option, you can choose to take the present value as lumpsum for all outstanding future payouts.

Now, Choose a Rider

For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Shining Stars:

Bharti AXA Life Hospi Cash Rider (UIN: 130B007V05):

This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.

Bharti AXA Life Term Rider (UIN: 130B009V03):

Under this rider, the policyholder can increase the life insurance coverage for a nominal premium.

Please refer rider brochure for complete details on terms and conditions and exclusions before opting for the rider.

Bharti AXA Life Non Linked Complete Shield Rider (UIN 130B011V02):

Under this rider, benefits can be received for accidental death, accidental total and permanent disability, accidental permanent and partial disability, standard critical illnesses, comprehensive critical illnesses and cancer care.

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.

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.

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).

View all Jargon

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#For 30 Year Old Male, PT-15, PPT-10, on online purchase of policy excluding underwriting extra premium (if any) & GST. ^From 15th year onwards as 2,49,253 every year for 5 years.