Bharti AXA Life Aajeevan Sampatti Plan is a traditional participating whole life plan that ensures a worry-free life with a guaranteed payouts and adequate protection until you reach the age of 100 years. Thus, this is a Traditional Plan with Bonus Facility where the premiums need to be paid for a limited period and not for the entire policy tenure.
Eligibility Criteria | ||||||
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Entry Age | Minimum | Maximum | ||||
91 Days | 60 years | |||||
Max Age at Maturity | - | 100 Years | ||||
Sum Assured | Rs. 50,000 | No Limit | ||||
Minimum Premium | Policy Term | Amount | ||||
15,379 | 10 Years | |||||
9,100 | 15 Years | |||||
Payment Modes | Yearly, Half-Yearly, Quarterly and Monthly* | |||||
Notes: *For monthly mode: 3 monthly premiums to be paid in advance and renewal premium payment is allowed only through ECS, Credit Card, Direct Debit and EFT. |
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Minimum | Maximum | |||||
Policy Term (Years) | 10 Years | 20 Years | ||||
Premium Payment Term(Years) | Equal to Policy Term |
Feature | Description | |||||
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Cash Bonuses | It participates in the performance of the participating insurance fund and surplus (if declared) is distributed as a bonus. | |||||
This bonus (if declared) is paid out as a cash benefit every year, starting from the end of 6th Policy Year, until maturity or on death, whichever is earlier. | ||||||
Discontinuous Premium | All benefits of the policy will cease after the expiry of the grace period from the unpaid premium due date. The Policy continues in a Paid-Up State. | |||||
Revival | It can be revived within 5 policy years from the date of the first unpaid premium. | |||||
Surrender | There are Surrender Benefits under this term plan after premiums have been paid for the first three policy years. | |||||
Guaranteed Surrender Value | 30% of all the premiums paid - 1st years premium. | |||||
Loan | Loan facility is not available under this policy. |
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.
Tax Benefits will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961.
Know Claim Process of Bharti AXA Life Aajeevan Sampatti Plan
Bharti AXA Life is a life Insurance player that was started in the year 2006. It brings together the strong financial expertise of the Paris - Headquartered AXA Group and Bharti Enterprises - which is one of the India's leading business groups with interests in telecom, agricultural business, financial services, and retail.
Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.