Bharti Axa Investment Plans
Bharti AXA Life Guaranteed Pro is a non-linked, non-participating life ...Read More
A quick read on what this Bharti Axa Investment Plans term plan covers and why it might be a fit for you.
Bharti AXA Life Guaranteed Pro is a non-linked, non-participating life insurance savings plan. This plan offers the dual benefit of a long-term income option and a guaranteed maturity benefit. With a minimum entry age of 3 months, this plan can be purchased for individuals up to 65 years of age.
In addition to the regular guaranteed plan, it offers death benefits based on the premium paid. With Bharti AXA Life Guaranteed Income Pro, you can receive death benefits ranging from Rs. 25,000 with no upper limit.
Bharti AXA Life Guaranteed Pro Plan offers a range of benefits, including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bharti AXA Life Guaranteed Income Pro Plan works with a simple illustration.
Nikhil, an IT professional, aims to start a consulting firm after retirement. He is looking for investment options. His colleague suggested he visit PolicyX.com. The advisor carefully analyzed his requirements and suggested a suitable solution.
Suppose Nikhil invests Rs. 50,000 per annum for 8 years for a policy term of 13 years. During any unfortunate event, his nominee will receive a death benefit of Rs. 6,25,000. After the policy term, Nikhil will receive Rs. 49,700 annually for 25 years, and at maturity, he will be paid all premiums back.
Let's understand how the Bharti AXA Life Guaranteed Income Pro Plan works for him with a premium illustration table.
| Age of policyholder | Total Premium paid | Annual Income | Income Period (years) | Total Income | Return of Premium |
| 27 years | Rs. 6,00,000 | Rs. 49,700 | 25 years | Rs. 12,42,500 | Rs. 6,00,000 |
Key Takeaways: For 25 years, Nikhil will receive a regular income of Rs. 49,700. At maturity, he will receive all the premiums paid back. In case of Nikhil's unfortunate demise, his nominee will receive a death benefit equal to Rs. 6,25,000.
Key features that make Bharti Axa Guaranteed Income Pro stand out.
Premium Back
Receive premiums back under the income option.
Flexibility
Flexible policy and premium paying term.
Life Insurance
Life insurance coverage for the whole policy tenure.
Plan Options
Two plan options: endowment and income option
Here are the key features of the Bharti Axa Guaranteed Income Pro.
This plan offers two different plan options:
For single pay less than Rs. 50,000:
1.25 times Single Premium or
For single Pay more than Rs. 50,000:
Limited and regular pay:
Maturity Benefit = Sum Assured on Maturity + Accrued Guaranteed Additions.
| Sections | Limits |
| Section 80C | Up to 1.5 lac |
| Section 80D | Up to 50 thousand |
| Section 1010D | Up to 2.5 lac |
For single pay:
Limited or regular pay
As per the policy sum assured
The income payout period and premium payment terms would be as follows:
| Short term income | |||||
| Premium payment term(years) | 10 | 11 | 12 | ||
| Policy term(years) | 11 | 12 | 13 | ||
| Income payout period(years) | 10 | 11 | 12 | ||
| Income payout | Income from 12th year to 21st year in arrears | Income from the 13th year to 24th year in arrears | Income from the 14th year to 25th year in arrears | ||
| Income payout Percentage |
Age band 1 (less than 46 years) |
AP: 35000 and below | 165.80% | 173.90% | 182.80% |
| AP: 35001 and 49,999 | 171.60% | 178.30% | 187.80% | ||
| AP: 50,000 and above | 188.10% | 188.60% | 209.30% | ||
| Age band 2 ( more than 46 years) |
AP: 35000 and below | 161.00% | 166.50% | 175.50% | |
| AP: AP: 35001 and 49,999 | 165.00% | 170.70% | 181.80% | ||
| AP: 50,000 and above | 176.70% | 176.10% | 197.90% |
The income payout period and premium payment terms would be as follows:
| Long term income | |||||
| Premium payment term(years) | 5 | 10 | 12 | ||
| Policy term(years) | 6 | 11 | 13 | ||
| Income payout period(years) | 30 | 25 | 25 | ||
| Income payout | Income from 7th year to 36th year in arrears | Income from the 12th year to 36th year in arrears | Income from the 14th year to 38th year in arrears | ||
| Income payout Percentage |
Age band 1 (less than 46 years) |
AP: 35000 and below | 25.70% | 64.50% | 82.50% |
| AP: 35001 and 49,999 | 27.30% | 71.70% | 89.50% | ||
| AP: 50,000 and above | 32.10% | 91.40% | 99.40% | ||
| Age band 2 ( more than 46 years) |
AP: 35000 and below | 24.90% | 61.80% | 80.00% | |
| AP: AP: 35001 and 49,999 | 165.00% | 170.70% | 181.80% | ||
| AP: 50,000 and above | 176.70% | 176.10% | 197.90% |
| Sections | Limits |
| Section 80C | Up to 1.5 lac |
| Section 80D | Up to 50 thousand |
| Section 1010D | Up to 2.5 lac |
Bharti Axa Life Guaranteed Income Pro offers dual benefits- death benefits to your family in case of uncertain demise and regular guaranteed income until the entire policy tenure. This plan helps you receive income, and the lump sum maturity benefit at the end of the policy tenure. If you are still confused about whether the Life Secure Income plan is right, contact us at PolicyX. One of our insurance experts will reach out to you shortly, understand your requirements, and help you choose a plan that best fits your unique needs.
The 4 most-asked questions about Bharti Axa Guaranteed Income Pro, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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