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Product Information

Protection Plans Bharti AXA Life Income Protection Plan

Synopsis:

fjrigjwwe9r3SDPrivInsuProd:Synopsis

A plan where your family receives income in the form of annual instalments for a period of 15 or 20 years in case of an unfortunate event of death. 100-120% of premiums paid are returned at the end of the policy term as a lump sum survival benefit

Features:

fjrigjwwe9r3SDPrivInsuProd:Features

Provides an annual pre-planned income for your financially dependent family in order to take care of their recurring expenses
Term with 'Return of Premium' plan, which allows you to receive all your invested premiums as Maturity benefit. Thus allowing you to avail maximum benefits from one plan
Two death benefit options available, which allow flexibility in duration of payouts depending on your financial outlook
?Tax benefits on the premiums paid and benefits received, as per provisions of the Income Tax Act, 1961

Eligibility:

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Minimum age at entry	18 years
Maximum age at entry	58 years for policy term of 12 years 55 years for policy term of 15 years 50 years for policy term of 20 years
Maximum Age at Maturity entry	70 years
Premium Payment Term & Policy Term	12 years, 15 years and 20 years
Minimum Sum Assured (Rs.)	Rs 500,000
Maximum Sum Assured (Rs.)	No Limit, subject to underwriting
Minimum Premium (Rs.) Depends on the Policy Term and Maturity Benefit Option	Policy Term of 12 years Maturity Benefit Option A = Rs. 4,990 Maturity Benefit Option B = Rs. 7,480 Policy Term of 15 years Maturity Benefit Option A = Rs. 3,565 Maturity Benefit Option B = Rs. 5,530 Policy Term of 20 years Maturity Benefit Option A = Rs. 2,730 Maturity Benefit Option B = Rs. 3,825
Premium Payment Modes	Annual, semi-annual, quarterly & monthly

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