Bharti Axa Future Invest Plan: Details & Premiums | PolicyX
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Bharti Axa Life Future Invest Plan

Bharti Axa Future Invest is a combination of a life insurance product ...Read More

🛡️ IRDAI Approved
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📊 99 years solvency ratio
Minimum Age - 0 year% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

About Bharti Axa Life Future Invest Plan

A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.

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

Eligibility Criteria for Bharti Axa Life Future Invest Plan

Entry age
Entry age
Minimum Age - 18 years, Maximum Age - 59 years
Maturity age
Maturity age
Maximum Maturity Age - 69 years
Policy tenure
Policy tenure
10 years
Premium payment term
Premium payment term
Single Pay and 5 years
Premium payment frequency
Premium payment frequency
Annual, half-yearly, quarterly & monthly
Sum assured
Sum assured
125% of Single Premium

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Limited premium payment term
  • Extendable investment period
  • Liquidity benefits

Cons

  • No Guaranteed Additions
  • No Premium Offset
  • Whole Life Cover Not Available

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry age - 18 years
Max entry age - 59 years
Min sum assured - 125% of Single Premium
Max maturity age - 69 years
PPT - Single Pay and 5 years

Benefits of 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.

Features of Bharti Axa Life Future Invest Plan

Key features that make Bharti Axa Life Future Invest Plan stand out.

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.

Documents Required for Bharti Axa Life Future Invest Plan

Keep these documents handy when applying for 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).

Exclusions of the Bharti Axa Future Invest Plan

Here are some exclusions of the Bharti Axa Future Invest Plan:

  • 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.

Other Features of Bharti Axa Life Future Invest Plan

Here are the key features of the Bharti Axa Life Future Invest Plan.

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.

FAQs: Bharti Axa Life Future Invest

The 5 most-asked questions about Bharti Axa Life Future Invest Plan, answered.

There are zero allocation charges with Bharti Axa Life Future Invest.
The maturity age of the Future Invest Plan is 69 years.
You can buy the Bharti Future Invest Plan either by calling one of their advisors or visiting one of their nearest branches.
There are various charges associated with the Future Invest Plan including Policy administration charges, Discontinuance charges, Morality charges, and Fund management charges.
There are two premium payment options available with Future Invest Plan including Limited Pay and 5 years pay.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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