Bharti AXA Life Shining Stars Calculator - Child Plan Calculator

What Does the Bharti AXA Life Shining Stars Calculator Do?

This child plan calculator calculates the cost of securing the financial future of children with the Bharti AXA life shining stars plan.

As a young parent, you should invest in a good child education plan that not only accumulates funds but also helps plan for your child's future should anything happen to you. The Bharti AXA Life Shining Stars plan does just this. This calculator is a simple tool that can help you understand its cost and the benefits before actually investing.

How Does the Bharti AXA Life Shining Stars Calculator Work?

The calculator estimates the premium and the maturity amounts based on the following factors -

• Choice of payout (Annual payout option or Flexi payout option)

• Maturity payout period during which your child starts receiving the benefits

• The premium amount you would like to invest

• Premium paying mode - every year, every 6 months, or every month

• Period of investment or premium paying term

• The policy term for which you want the life cover to be active

• Choice of riders to add to the basic benefits (Accidental Death Benefit Rider or Daily Hospitalization Cash Benefit Rider)

As soon as you insert the details, this child plan calculator will tell you the exact amount you will need to invest over the years and the maturity benefit amounts you can expect.

Now to use the calculator correctly, you should be aware of the minimum eligibility requirements of this child investment plan.

Eligibility Conditions of Bharti AXA Life Shining Stars

Now let’s understand how this child's plan calculator works with an example.

Sample Benefit Illustration Using the Bharti AXA Life Shining Stars Calculator

Say that you are a 36-year-old father with a 3-year-old daughter and want to start saving to cover the cost of education. The amount should be enough to help her through college, paying for tuition, accommodation, etc. This means that you will mostly need funds when she turns around 18. Let’s assume that you choose the following parameters -

As calculated by the Bharti AXA Life Shining Stars Calculator -

1. If you survive 15 years of the policy term, your child receives a total amount of Rs.21,32,470 during the maturity period. This means that at the age of 18, your daughter will receive her first annual installment of Rs.4,26,494. This amount will be paid each year till she turns 22.

2. If you were to die within the policy term of 15 years, your family will receive a total of Rs.19,38,611 as a death benefit.

Why Use the Bharti AXA Life Shining Stars Calculator?

• You will know if you need to save more to give your child the desired financial support.

• It will tell you how much money you will need to invest on a monthly, half-yearly, or annual basis.

• It displays an accurate estimation, thereby eliminating the need to talk to third-party agents.

• It lets you customize different aspects to get to the most optimal coverage that your child deserves.

Now that you have understood the use of the Bharti AXA Life Shining Stars calculator, here are some quick reasons why this may be the best child insurance plan for your kid.

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Why Choose Bharti AXA Life Shining Stars?

• It allows you to save systematically for your kid’s future while also backing them in your absence.

• It acts as a triple benefit child plan on your death offering premium waiver, death benefit, and 100% guaranteed returns to the child at the end of the policy term.

• There is a lot of flexibility for you to customize the plan as per your needs.

• You can enjoy tax benefits under sections 80C and 10(10D) of the Income Tax Act by investing in this plan.

Investment

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Secure your child’s future with or without you

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₹10,000/Month

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₹1 Crore^*

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Core Benefits of Bharti AXA Life Shining Stars

• Death Benefit - The life assured under this plan is the parent on whose demise, the death benefit is paid out. Further, all the pending premiums are waived off by the insurer so that the child can enjoy the promised benefits.

• Maturity Benefit - At the end of the policy term, the insured can claim the maturity benefit in a lump sum. This can come in handy while paying for expensive college tuition abroad.

• Annual Maturity Payouts - These payouts start at the end of the policy term and continue for 4 years. Aligning these payouts with key milestones in a child’s life can help parents cover the associated costs.

• Surrender Benefit - If the parent requires some urgent funds, they can surrender the policy to get the surrender value equivalent to the sum assured immediately. One can also request a loan if they want the policy benefits to continue.

Summing Up!

Bharti AXA Life Shining Stars Calculator was designed to make the lives of customers easier. It is always advisable to study a plan as much as possible and this tool makes it that much easier. You get instant and accurate information in terms of the benefits you can expect based on your investment. Moreover, it is easily accessible online from the comfort of your home to be used at your leisure.