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Bharti AXA Life Guaranteed Pro is a non-linked, non-participating life insurance savings plan. This plan has the dual benefit of a long-term income option and a guaranteed maturity benefit. With the starting minimum entry age of 3 months, this plan can be bought for up to 65 years of age.
Apart from the regular guaranteed plan, it offers death benefits as per the premium paid. In Bharti AXA Life Guaranteed Income Pro, you can receive death benefits from Rs. 25,000 to no limit.
Bharti AXA Life Guaranteed Pro Plan offers you a range of benefits including:
Minimum- 3 months, Maximum- 65 years
Minimum- 18 years, Maximum- 80 years
N/A
Annual, semi-annual, quarterly & monthly
Annual, semi-annual, quarterly & monthly
Rs. 25,000 to No Limit
Let's understand how the Bharti AXA Life Guaranteed Income Pro Plan works with a simple premium illustration.
Nikhil, an IT professional aims to start a consulting firm after retirement. So, he is looking for some investment options. His colleague suggested he visit Policyx.com. The advisor carefully analyzed his plan and suggested the exact solution as per his requirements.
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 the 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’ll 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 | Income annual | Income Period | Total income | Return of premium |
27 years | Rs. 6 Lac | Rs. 49,700 | 25 years | Rs. 12,42,500 | Rs. 6 lac |
Key Takeaways: For 25 years, Nikhil will receive a regular income of Rs. 49,700. At maturity, he will get all the paid premium back. In case of Nikhil's unfortunate demise, his nominee will receive a death benefit equal to Rs. ₹6,25,000.
Here are some features of Bharti Axa Guaranteed Income Pro:
Get paid premium back under the income option.
Flexible policy and premium paying term.
Life insurance covers for the whole policy tenure.
Two plan options: endowment and income option
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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 minimum age of entry for this plan is 3 months.
Yes, this plan offers regular guaranteed income.
This plan offers two options: Endowment Option and Income Option.
No, a policy loan facility is not available for this plan.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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February 5, 2023
Asia/Kolkata
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