Bharti AXA Life eAajeevan Sampatti+(UIN: 13072V02) (ADVT No: II-Jan-2018-1584)

Parameter	Eligibility Criteria
Minimum age at entry (age last birthday)	91 days
Maximum age at entry (age last birthday)	60 years for ‘To age 100’ Policy Term 50 years for ‘To age 85’ Policy Term
Maximum Age at Maturity (age last birthday)	100 or 85 years depending on the Policy Term chosen
Premium payment term options available	10 years & 15 years
Minimum Sum Assured on Maturity (Rs.)	` 50,000
Maximum Sum Assured on Maturity (Rs.)	No Limit, subject to underwriting
Minimum Premium (Rs.)	Will depend on the minimum Sum Assured on Maturity
Premium Payment Modes	Annual, semi- annual, quarterly* & monthly*

Lifelong Benefits

Your coverage under the Policy will continue until you reach the age of 100 or 85 years as per the Policy term selected.

In case of unfortunate event of death of Life insured (applicable even in case of minor lives), subject to the policy being inforce the Sum Assured payable on death will be higher of:

• Sum Assured on Maturity OR
• 11 times Annualised Base Premium The base annualized premium paid will exclude any modal factors and underwriting extra.

 

Guaranteed Pay-out Benefit:

This plan assures guaranteed annual payouts until Maturity (except in the policy year coinciding with maturity). Once you complete the 10th Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier, subject to policy being in force. The Guaranteed Annual Payout percentage depends on the Policy term option chosen and is mentioned below.

Policy Term	Guaranteed Annual Pay-out Percentage
To age 100	5.5% of Sum Assured on Maturity
To age 85	6% of Sum Assured on Maturity

Life Insurance benefit:

Your coverage under the Policy will continue until you reach the age of 100 or 85 years as per the Policy term selected.

In case of unfortunate event of death of Life insured (applicable even in case of minor lives), subject to the policy being in-force the Sum Assured payable on death will be higher of:

• Sum Assured on Maturity OR
• 11 times Annualised Premium OR

The base Annualised Premium paid will exclude any modal factors and underwriting extra.

The death benefit payable shall be higher of Sum Assured payable on death or 105% of all premiums paid (excluding an underwriting extra premium).

In case of death during the Grace period, the Death Benefit after deducting the unpaid due premium shall be paid.

The life insurance coverage starts immediately from issuance of the policy and is applicable to minor lives as well.

The Annualised Base premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable).

 

Cash Bonuses

This Policy also offers Non guaranteed cash bonuses subject to the policy being inforce. The Policy participates in the performance of the participating insurance fund and surplus is distributed as bonus. This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier. No bonuses shall be payable in the first 5 policy years.

 

DISCOUNT on opting Higher Sum Assured

You will be eligible to receive a discount on your premium rate if you opt for a Sum Assured n Maturity of Rs.4, 00,000 or more.

 

Tax Benefits

You may avail of tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time.