Investment Plans February 1, 2021

Bharti AXA Life Secure Income Plan is a non-linked non-participating individual life insurance plan that provides you 8% of the sum assured per annum as a guaranteed monthly income. With this benefit, you don’t have to delay your lifetime goals as this will help you get a regular income till the maturity of this Bharti AXA life insurance Plan. And at the end of the policy period, you will get a maturity benefit of sum assured plus the guaranteed additions. Guaranteed monthly income and guaranteed additions will start after the completion of the premium payment term if the policy is in force and all due premiums are paid in full. If Bharti AXA Life Secure Income Plan sounds perfect for your needs, read the page below and learn more about it.

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Bharti AXA Life Secure Income Plan Guaranteed Monthly Income Benefit

You will start receiving the guaranteed monthly income when your premium payment term completes. And the guaranteed monthly income will be calculated as per your chosen sum assured. Under Bharti AXA Life Secure Income Plan, you will have three policy terms and premium payment terms option. A guaranteed monthly income at 8% of the sum assured per annum will be given across the following policy term and premium payment term.

Policy Term (in years)Premium Payment Term (in years)Guaranteed Monthly Income (% of sum assured per annum)
1558%
177
2010

Note – The guaranteed monthly income will be payable up to 120 months until the policy reaches its maturity date.

Bharti AXA Life Secure Income Plan Guaranteed Maturity Benefit

At maturity, the life insured will get the following guaranteed maturity benefits based on the chosen policy term and premium payment term.

Policy Term (in years)Premium Payment Term (in years)Guaranteed Maturity Benefit (% of sum assured)
155170%
177185%
2010200%

Bharti AXA Life Secure Income Plan Death Benefit

In case of the life insured’s death during the policy term, the nominee will receive a death benefit as mentioned in the table below:-

Policy Term (in years)Death Benefit
15Highest of -
Sum Assured plus Guaranteed Additions accrued

105% of the paid premiums paid

11X the annualized premium
17Highest of -
Sum Assured plus Guaranteed Additions accrued

105% of the paid premiums paid

11X the annualized premium
20Highest of -
Sum Assured plus Guaranteed Additions accrued

105% of the paid premiums paid

13X the annualized premium

Note – The annualized premium may exclude taxes, rider premiums, underwriting extra premiums and loadings for modal premiums if any.

Enhance Bharti AXA Life Secure Income Plan with Riders

You need to pay a little extra premium for getting the following additional covers –

  1. Bharti AXA Life Hospital Cash Rider – This rider will provide a fixed benefit for each day of hospitalization and a lump sum benefit for surgery.
  2. Bharti AXA Life Term Rider – Increase the life insurance coverage at a nominal premium with this rider
  3. Bharti AXA Life Accidental Death Benefit Rider – For an additional sum assured for the event of death due to an accident, add this rider to your Bharti AXA Life Secure Income Plan.
  4. Bharti AXA Life Premium Waiver Rider – Save on premium payment with this rider in case of death, Total Permanent Disability or critical illness. As the future premiums will be waived off and the benefits continue the same.

Eligibility for Bharti AXA Life Secure Income Plan

Want to purchase the Bharti AXA Life Secure Income Plan, have a look at the below criteria first –

  1. The minimum age at entry should be
    Policy Term (in years)Minimum Age at Entry
    153
    171
    200
  2. The maximum age at entry should be 
    Policy Term (in years)Maximum Age at Entry
    1565
    1763
    2060
  3. The minimum premium excluding taxes and cess 
    Policy Term (in years)Minimum Age at Entry
    15INR 30,000 for Annual Premium Payment

    INR 15,600 for Semi-Annual Premium Payment

    INR 8,100 for Quarterly Premium Payment

    INR 2,700 for Monthly Premium Payment
    17INR 24,000 for Annual Premium Payment

    INR 12,480 for Semi-Annual Premium Payment

    INR 6,480 for Quarterly Premium Payment

    INR 2,160 for Monthly Premium Payment
    20INR 12,000 for Annual Premium Payment

    INR 6,240 for Semi-Annual Premium Payment

    INR 3,240 for Quarterly Premium Payment

    INR 1,080 for Monthly Premium Payment
  4. The maximum age at maturity is 80 years
  5. Policy term – 15, 17 and 20 years
  6. Premium payment mode – Annual, semi-annual, quarterly and monthly
  7. Premium payment term – 5, 7 and 10 years for a policy term of 15, 17 and 20 years, respectively
  8. Premium payment available via ECS only
  9. A free look period of 15 days (offline purchase) and 30 days (distance marketing purchase)

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