The wise investment choice with dual benefits
Bharti AXA Life eFuture Invest(UIN: 130N072V03) (ADVT No: II-Jan-2018-1585)
A unit-linked, online investment plan that offers you both good returns and an added life cover. To get the most of this tax-saving investment, all you have to do is choose between a single premium or a premium payment term of 5 years while you reap the benefits for 10.
4 REASONS TO BUY
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An affordable online Investment Plan.
Buy the plan at a convenience of a click. Moreover, as this is an online plan, there are no commissions payable and hence the policy charges are lower.
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Choose between two premium payment terms - Single Pay or a limited premium payment term of 5 years while accruing benefits for 10 along with the flexibility of partial withdrawals.
You can stay invested in the funds for an extended period of 5 years after Maturity. You can also withdraw money from your Policy Fund Value any time after the completion of five policy years.
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Zero allocation charges (other charges as applicable).
Since there is no Premium allocation charge, 100% of Premiums paid will be allocated to the funds chosen by you. Other charges levied as applicable.
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Receive Tax benefits on the Premiums paid and benefits received.
The Tax benefits fall under Section 80C and Section 10(10D) of the Income Tax Act, 1961. They are subject to change as per change in Tax laws from time to time.
MORE ON THE PLAN
How it works?
Let’s take a look at this case study
35 year old Aditya purchases our Bharti AXA eFuture Invest and would like to invest in the Grow Money Plus Fund. He chooses a 10 year policy term for a Sum Assured of `5,00,000. He pays an annual premium of `50,000 for 5 years.
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He starts paying `50,000 annually
1ST POLICY YEAR -
He finishes paying annual premiums
5TH POLICY YEAR -
At an assumed 4%# rate of return, he receives `2,63,400 (Fund Value) on maturity
At an assumed 8%# rate of return, he receives `3,63,554 (Fund Value) on maturity10TH POLICY YEAR
Sad Demise
In case of death, his family will receive higher of Sum Assured or Fund Value
“# 4% and 8% rates are used only for illustration purposes and are not guaranteed. The values represented with 4% & 8% are not the upper or lower limits of what one can expect from this policy, as it is dependent on nuber of factors including investment performance.
Who can buy?
WHO CAN BUY?
| Parameter | Eligibility |
|---|---|
| Minimum age at entry | 18 years (age last birthday) |
| Maximum age at entry | 60 years (age last birthday) |
| Maximum age at Maturity | 70 years (age last birthday) |
| Premium modes | Yearly, Half-yearly, Quarterly* and Monthly*. |
| Minimum Premium | Premium Payment Term: 5 years Annual - ` 18,000 Semi Annual – ` 9,000 Quarterly – ` 4,500 Monthly – ` 1,500 Premium payment term: Single Pay ` 25000 |
| Maximum Premium | ` 1,00,00,000 for 5 pay ` 8,00,00,000 for Single pay |
| Policy benefit period | 10 years |
| Premium payment term | Single Pay and 5 years |
- * Payment only through ECS
More details
MORE DETAILS
An Affordable Online Plan
Buy the plan at a convenience of a click. Moreover, as this is an online plan, there are no commissions payable and hence the policy charges such as Mortality charges, Policy administration charges, Fund management charges are lower.
Zero Allocation Charges
With this plan, you are not charged any premium allocation charge.
*In this policy there are no allocation charges, however, other charges such as mortality, fund management, etc. are applicable.
Fixed Policy Term
The Policy Term under this product is of 10 years.
Limited Premium Payment
You have an option to choose from two premium payment terms –
- Single pay
- 5 years
Fund Options
You have option to invest through multiple fund options available with us and can choose from an array of 6 funds.
Extendable Investment Period (Settlement Period)
Take advantage of staying invested in the funds for an extended period of 5 years after maturity.
Liquidity Benefit with Partial Withdrawal
You have the option to avail the Partial withdrawal facility from your policy fund value, after your policy has completed 5 Policy years provided all premium are paid to date.
Tax benefits
For premiums paid as well as benefits received, as per the prevailing Tax laws.
$Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time.
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