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Bharti AXA Life Insurance

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  • Simple and uncomplicated comparisons of all plans
  • Clear features, benefits, and costs for each plan
  • Tax free corpus, maximum returns & right vesting age

Bharti AXA Life Insurance

Overview
Bharti AXA Life is one of the top insurance companies in India and is a joint venture between the Bharti Enterprises, which is one of the biggest business houses in the country, and the AXA Group, which has more than 103 million clients worldwide. The company started operations from the year 2006 onwards and leverages digital platforms for easier transactions.

The company also ensures 48 hour release of funds along with dedicated handlers for claims. There are several insurance products offered by the company including investment plans, savings plans, protection plans and health plans among others.

Bharti AXA Life Insurance at a glance
  • Works with a mission of becoming the most trusted life insurer by 2020
  • First life insurer to launch claims handlers and 48 hour fund release.
  • Ranked No.3 in 2016, in customer loyalty by Annual syndicated customer satisfaction report by CSMM,
  • 137 branches & 16,000 trained trusted advisors across the nation

Bharti AXA Pension Plans
You can also take your pick from several pension plans and the monthly income plan ensures that you get guaranteed income every month post retirement. There are bonuses as well and tax benefits. This is an ideal retirement investment and the guaranteed monthly income enables one to live a more fulfilling life after retirement.

Documentation needed to apply for Bharti AXA Life Insurance
  • Age proof - (Any One)
    Driving License, Passport, Voter ID Card, Birth Certificate, etc
  • Identity proof – (Any One)
    Driving License, Passport, Voter ID card, PAN Card, Aadhar Card, or any document which proves citizenship
  • Income proof
  • Address proof – (Any One)
    Driving License, Passport and Utility Bill should clearly mention the permanent address
  • Income proof – (Any One)
    Salary Slip, Form 16, ITR
  • Recent passport size photograph

Bharti AXA Pension Plans
  • Bharti AXA Life DreamLife Pension PLUS: A pension plan that systematically increases your premiums by 5 % or 8% each year with the Accumulator Option. The plan comes with a choice of 3 investment fund options for equity linked return and 3 funds with a mix of equity, debt and liquid assets.
  • Bharti AXA Life Wonder Years Retirement Plan: A life annuity plan with return of purchase price on death. The policy participates in the performance of the participating insurance fund and surplus (if any) is distributed as Retirement bonuses.

1: Bharti AXA Life DreamLife Pension PLUS: A pension plan systematically increases your premiums by 5 % or 8% each year with the Accumulator Option. The plan comes with a choice of 3 investment fund options for equity linked return and 3 funds with a mix of equity, debt and liquid assets.

Advantages and Benefits
  • Option to choose to systematically increase your premiums each year
  • Choice of 6 investment fund options
  • Liquidity through partial withdrawals after the completion of 5 policy years
Features Description
Minimum age at entry 18 years
Maximum age at entry 75 years
Minimum Age at vesting 40 years
Maximum Age at vesting 90 years
Minimum premium for Single Premium Plan Rs. 50000
Minimum policy term 10 years
Minimum top up premium Rs. 1000
Premium Payment Modes Annual, Semi-Annual, Quarterly and Monthly

2: Bharti AXA Life Wonder Years Retirement Plan: A life annuity plan with return of purchase price on death. The policy participates in the performance of the participating insurance fund and surplus (if any) is distributed as Retirement bonuses.

Advantages and Benefits
  • Choice of lump sum savings amount to be received on vesting
  • Guaranteed issuance of policy without medical examination
  • Flexibility to choose from the two plan options
Features Description
Minimum age at entry 40 Years (10 year policy term)
18years (To Age 60 policy term)
Maximum age at entry 70 Years (10 year policy term)
45 years (To Age 60 policy term)
Policy Term Options 60 years less Age at entry for Policy Term To Age 60
10 years for a fixed policy term of 10 years
Premium payment term Same as Policy Term
Minimum Premium Rs. 20,000 for 10 years policy term
Rs. 12,000 for To age 60 policy term
Premium Payment Modes Annual, Semi-Annual, Quarterly and Monthly