Why Bharti AXA Life Unnati is great for you?

The plan gives life insurance coverage and benefits of a savings product at affordable rates so that you can secure your family’s future and plan for various life goals.

Get Life Insurance Cover
Life Insurance Cover during the entire policy term
Choose Whole Life Cover
Option to stay protected up to age 100 years
Waiver of Premium^$
Protect your family with Waiver of Premium
15x protection* throughout the policy term
Avail option to opt for higher death benefit
Multiple plan options
Meet your financial goals with multiple plan options
Tax Benefits^
You may be eligible for the tax benefits on the premiums paid and on the benefits received subject to the prevailing tax laws.

Key Benefits of Bharti AXA Life Unnati Plan

Multiple Plan Options

Waiver of Premium

Enhanced Protection

Tax Benefits

Flexibility in Policy Terms

How does the plan exactly work?

These illustrative life scenarios lay out several use cases to help you see how this life insurance plan works.

Scenario

Siddharth, age 35 years, decides to purchase Bharti AXA Life Unnati. He opts for the Endowment Option – Base Variant considering he wants a lump sum benefit at maturity and opts for a policy term of 24 years and a premium payment term of 12 years.

He wants to pay a premium of Rs. 50,000 p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any). The Sum Assured on Maturity would be Rs. 8,62,830 and Sum Assured on Death would be Rs. 5,25,000

The below cases illustrate the benefits that Siddharth would receive in the Endowment Option - Base Variant.

Case I

From the 1st policy year, Simple Reversionary Bonus, if declared, may accrue at the end of each policy year till the end of the policy term.

Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years.

At maturity, a lump sum Maturity Benefit is payable.

Unnati Plan with Life Insurance Coverage - Bharti AXA Life

Total Premium Paid (Rs.)	6,00,000
Estimate Benefits Payable (Rs.)	Assumed @ 4% p.a.	Assumed @ 8% p.a.
Sum Assured on Maturity	8,62,830	8,62,830
Accrued Simple Reversionary Bonus, if any	62,124	4,18,300
Terminal Bonus, if declared	51,770	4,14,158
Maturity Benefit at the end of 24th Year	9,76,724	16,95,288

Case II

In case of Siddharth’s death during the policy term at the end of the 10th year, the death benefit would be Sum Assured on Death plus the accrued Simple Reversionary Bonus till the date of death, his family would receive death benefit immediately on death as follows:

Estimate Benefits Payable (Rs.)	Assumed @ 4% p.a.	Assumed @ 8% p.a.
Sum Assured on Death	5,25,000	5,25,000
Accrued Simple Reversionary Bonus, if any	25,885	1,74,292
Death Benefit	5,50,885	6,99,292

4% and 8% rates of investment returns are used only for illustration purposes and are not guaranteed. 4% and 8% are not the upper or lower limits of what one may expect from this plan, as it is dependent on multiple factors.

Make your plan with ease

Pick a plan option

Choose one of the options, as per your financial goals.

Moneyback Option

Guaranteed moneyback equal to one annualized premium every 4th year.

Immediate Income Option

Cash benefit (bonus) is paid out every year from 2nd policy year till policy matures.

Whole Life Income Option

Guaranteed payout every year along with a Life Cover till the age of 100

Endowment Option

Lumpsum benefit at maturity to meet your long-term goals.

Moneyback Option

Guaranteed moneyback equal to one annualized premium every 4th year.

Immediate Income Option

Cash benefit (bonus) is paid out every year from 2nd policy year till policy matures.

Whole Life Income Option

Guaranteed payout every year along with a Life Cover till the age of 100

Endowment Option

Lumpsum benefit at maturity to meet your long-term goals.

Now, add a rider

The Bharti AXA Unnati will help you feel secure about your family’s future.

The plan offers you enhanced protection with multiple riders.

Bharti AXA Life Term Rider (130B009V03):

The policyholder can increase the life insurance coverage for a nominal premium.

Bharti AXA Life Hospi Cash Rider (130B007V05):

This allows payment of a fixed benefit for each day of hospitalization, subject to a maximum of 40 days per year, and also provides a lump sum benefit in case of surgery.

Bharti AXA Life Premium Waiver Rider (130B005V05):

In case the policyholder is diagnosed to be suffering from any of the 11 critical illnesses covered under the rider, then the future premiums are waived off and the benefits under the policy will continue.

Bharti AXA Life Accidental Death Benefit Rider (130B008V02):

Receive additional sum assured as chosen under the rider in case of unfortunate event of death due to an accident.

Bharti AXA Life Accidental Total and Permanent Disability Rider (130B010V01):

Under this rider, an amount equal to Rider Sum Assured shall be payable in case of Total and Permanent Disability of Life Insured within 120 days from the occurrence of an accident (and independent of all other causes).

Insurance Jargon Explained

Participating Policy

An insurance plan which gives the policyholder a share in the profits of the insurance company’s participating fund in the form of bonuses. Apart from bonuses, such insurance plans shall provide some guaranteed benefits also. Participating policy is also referred to as “with profits policy”.

Endowment plan

An insurance policy which provides a lump sum amount on a fixed date, either maturity of the policy or upon the death of the life insured, whichever occurs earlier.

Income payout

The money paid to the policyholder as regular income at the end of the policy term.

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.

View all Jargon

^#For 30 Year Old Male, Endowment Plan Option, online purchase of policy excluding underwriting extra premium & GST. ^{^}As lumpsum payout at the end of 20th year.

$ - Available through Waiver of Premium Variant under Endowment Option

*Available through Higher Death Benefit Variant under Endowment Option

Bharti AXA Life Unnati

Why Bharti AXA Life Unnati is great for you?

Key Benefits of Bharti AXA Life Unnati Plan

How does the plan exactly work?

Make your plan with ease

Pick a plan option

Moneyback Option

Immediate Income Option

Whole Life Income Option

Endowment Option

Moneyback Option

Immediate Income Option

Whole Life Income Option

Endowment Option

Now, add a rider

Bharti AXA Life Term Rider (130B009V03):

Bharti AXA Life Hospi Cash Rider (130B007V05):

Bharti AXA Life Premium Waiver Rider (130B005V05):

Bharti AXA Life Accidental Death Benefit Rider (130B008V02):

Bharti AXA Life Accidental Total and Permanent Disability Rider (130B010V01):

Insurance Jargon Explained

Participating Policy

Endowment plan

Income payout

Rider

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