Overview
Bharti Axa Future Invest is a combination of a life insurance product and an investment plan. Your family gets financial protection in case of your unfortunate demise during the tenure, and you get a maturity amount if you outlive the policy tenure.
This plan also provides multiple investment options to choose from as per your risk profile. This article provides complete details of Bharti Axa Future Invest, including its eligibility criteria, features, benefits, and applicable charges.
Bharti Axa Future Invest Plan offers a range of benefits, including:
- Limited premium payment term
- Extendable investment period
- Liquidity benefits
- Maturity benefits
- Zero allocation charges
Key Features
- Step 1
Visit the official website of PolicyX.com.
- Step 2
Hover on the ‘Life Insurance’ tab.
- Step 3
Choose the Investment plan you want to buy.
- Step 4
Fill out the form at the top of the page with the necessary details.
- Step 5
Select your income and city. Click on 'Proceed'.
- Step 6
Update your education and occupation details.
- Step 7
Choose your preferred plan and click on 'Buy this plan'.
- Step 8
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Benefits of the Bharti Axa Life Future Invest Plan
There are various benefits to buying the Bharti Axa Life Future Invest Plan. Let's understand each of them in detail:
- Limited premium payment terms: With limited premium payment options (Single Pay and 5 years), policyholders have clear choices.
- Zero allocation charges: No fund allocation charges are deducted from your premiums.
- Death benefits: In case of the policyholder’s unfortunate demise during the policy tenure, death benefits are paid to their family members, providing financial security.
- Extendable investment period: Policyholders have the option to stay invested in the fund for an additional 5 years after the maturity period.
Free-look option
This plan offers a free-look period of 30 days to understand its terms and conditions. During this period, you can return your policy to Bharti Axa after paying minimum charges.
Vesting of ownership
If the life insured is a minor, the policy will automatically be transferred to their name once they attain maturity age.
Grace period
A grace period of 15 days is provided for monthly premiums, and 30 days for quarterly, half-yearly, and yearly premiums. This allows you to make missed premium payments without penalty.
Discontinuance
If premium payments are not made even during the grace period, the policy will be discontinued, and the fund value will be transferred to the discontinued fund after deducting applicable charges.
Inclusions
- Life cover for financial protection
- Maturity benefits on survival
- Multiple investment options
- Zero allocation charges
- Limited premium payment terms (Single Pay and 5 years)
- Extendable investment period (optional 5 years post-maturity)
- Liquidity benefits with partial fund withdrawals
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy Bharti Axa Life Future Invest Plan
Here is the list of documents required to buy the Bharti Axa Life Future Invest Plan:
-
Photo ID Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
-
Age Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
-
Address Proof
Any one of the following: Utility bill, passport, voter ID, ration card.
-
Medical Records
Medical records (if requested).
-
Income Proof
Any one of the following: bank statement, last three months' salary slips (for salaried individuals).
Plan At a Glance
| What’s Good Here |
What’s Missing |
| Extendable investment period |
Guaranteed Additions |
| Life Cover |
Premium Offset |
| Liquidity benefits |
Whole Life Cover |
| Flexibility to withdraw funds partially |
No Auto Cover Continuance |
In a nutshell
Bharti Axa Life Future Invest Plan offers dual benefits: financial protection for your loved ones in your absence, along with maturity benefits on survival. This plan has zero allocation charges, meaning your entire premium amount is invested in the market. If you are unsure whether this plan meets your needs, contact us at PolicyX.com. One of our insurance advisors will contact you shortly to understand your financial requirements and help you choose the right plan.
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