Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy - Bharti AXA Aajeevan Sampatti Plan is a traditional Whole Life plan covering the policyholder till age 100 thereby securing the protection need of the policyholder. The plan also provides annual Payouts to take care of everyday needs.
Key Features - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
- This plan is a participating traditional Whole life plan with limited premium payment term.
- The individual is covered up to age 100 or 85 years.
- Guaranteed Annual Payouts from the completion of 10th policy year depending on the policy term.
- Non-guaranteed cash bonuses from the 6th policy year further increase the corpus.
Eligibility Details - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
|
Maximum |
|
Entry Age (Last Birthday) |
91 days |
60 for coverage till 100 50 for coverage till 85 |
Maturity Age (Last Birthday) |
- |
100 or 85 years |
Policy Term (PT) in years |
100 or 85 – Entry Age |
|
Premium Paying Term (PPT) in years |
10 and 15 |
|
Premium Paying Frequency |
Annual, Half-yearly, quarterly, monthly |
|
Yearly Premium |
Depends on SA, term and PPT |
|
Sum Assured |
50,000 |
No limit |
Benefits - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
-
On death higher of the SA on Maturity or 11 times the annual premium subject to 105% of all premiums paid is payable
-
On maturity, the basic Sum Assured is paid
-
Guaranteed Annual payouts @ 5.5% of SA for coverage till 100 years and 6% of SA for coverage till 85 years is paid from the 10th policy year till maturity or death whichever is earlier
-
Income tax benefit under Sections 80C and 10(10D) for premiums paid and claims received respectively
Policy Details - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
Grace Period: In case the insured fails to pay his monthly premiums then a grace period of 15 days is allowed. And, in case the insured fails to pay his premiums other than monthly premium modes then a grace period of 30 days is allowed, failure to which policy is subject to lapse.
Policy Termination or Surrender Benefit: If the insured feels he is not satisfied with his plan then he can surrender it after completing 3 years with his plan by paying all the premiums. Surrender value shall be higher of the Special Surrender Value or Guaranteed Surrender Value.
Where, Guaranteed Surrender Value shall be a calculated percentage of the premiums paid excluding Guaranteed Cashbacks. Premiums shall be less the additional rider premiums or any other premiums.
Free Look Period: In case the insured is not satisfied with his plan benefits and features or then terms and conditions then he is free to return his plan within 125 days of receiving it, given that no claims are received yet.
Details About Premium - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
Annual premium in Rupees and benefit illustration
Age |
30 years |
Premium |
107,310 |
Sum Assured |
500,000 |
Cumulative Guaranteed Payouts till age 100 years including Maturity Benefit |
21,50,000 |
Cumulative bonus till age 100 @ 4% |
178,750 |
Cumulative bonus till age 100 @ 8% |
22,75,000 |
Policy Details - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
Grace Period: 30 days’ grace period is allowed for premium payment in all modes
Policy Termination or Surrender Benefit: the policy can be surrendered anytime if one full years’ premium has been paid. The Surrender value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV)
GSV = % of all Premiums paid
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Inclusions - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
- The policy provides loan facility of up to 70% of the Surrender value
Additional Features or Riders - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
- Hospi Cash Rider is available under the plan
- High Sum Assured discounts for higher coverages of 400,000 and above
Exclusions - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
-
In case of suicide within 12 months from inception, total premiums paid is returned and within 12 months of revival, higher of 80% of total premiums paid or acquired Surrender Value is paid to the nominee
Documents Required - Bharti AXA eAajeevan Sampatti Plus Saving Insurance Plan and Policy:
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
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