Bharti AXA Child Plan offers a comprehensive solution to secure the dreams and aspirations of your child. From education expenses to life milestones, this plan ensures that your child's journey is safeguarded every step of the way. The Bharti AXA Child Plan combines protection and savings features to ensure a bright and secure future for your little ones.
Insurer pays premium in case of loss of life of parent
Create wealth for child’s aspirations
Tax Free maturity amount+
12+ plans available
Invest ₹10k/month your child will get ₹1 Cr Tax Free*
Bharti AXA Child Plan is a type of insurance policy designed to meet the financial needs of your child as they grow up. It offers a combination of life insurance coverage, savings, and investment benefits.
Guaranteed Payouts: Receive lump sums at key stages like education milestones or maturity.
Investment Potential: Grow your child's future funds with market-linked returns (in some plans).
Flexibility: You can choose from various policy terms and premium payment options to suit your needs.
Choice of Payout Options: Choose between money-back or endowment options depending on your needs.
Flexible Policy Term: Select a policy term (between 11 and 21 years) that aligns with your child's education milestones.
Premium Waiver Benefit: If you pass away during the policy term, all future premiums are waived off, and the guaranteed benefits are still paid to your child.
Maturity Benefit: Upon maturity, your child receives a lump sum amount along with any accrued bonuses.
Tax Benefits: Enjoy tax deductions on premiums paid (under Section 80C) and tax benefits on maturity amount (under Section 10(10D)).
Death Benefit: In case of the policyholder's unfortunate demise, the plan continues and the sum assured is paid to the nominee, ensuring the child's financial needs are met.
Potential Upside with Bonuses: Some plans offer non-guaranteed bonuses that can accrue and increase the payout amount.
Riders Available: Add optional riders for critical illness, disability, or hospitalization coverage.
Bharti AXA Life Insurance Company offers child plans that are packed with different benefits to provide complete future protection to the child. Let us understand these plans in detail:
Bharti AXA Child Plan | Entry Age | Maximum Maturity Age | Premium Payment Term (PPT) | Policy Term (PT) | Minimum Premium (in Rs.) | Tax Benefits u/ IT Act, 1961 |
Bharti AXA Life Guaranteed Wealth Pro | Lifelong Income: 45 - 60 years | Lifelong Income: 100 years | Lifelong Income: 5/10/12 years | Lifelong Income: 100 years | ₹3,500 p.a. | Section 80C and Section 10(10D) |
Bharti AXA Life Shining Stars | 18 – 60 years | 72 – 80 years | 7 - 15 years | 12 – 20 years | ₹1,169 p.a. to ₹5,791 p.a. | Section 80C and Section 10(10D) |
Bharti AXA Life Super Series | Super 6: 6 – 63 years; Super 7: 0 – 60 years; Super 10: 0 – 60 years |
Super 6: 75 years; Super 7: 80 years; Super 10: 80 years |
6/ 7/ 10 years | Super 6: 12 years; Super 7: 20 years; Super 10: 20 years |
Super 6: ₹18,000; Super 7: ₹25,000; Super 10: ₹15,000. |
Section 80C and Section 10(10D) |
Bharti AXA Life Child Advantage |
Regular: 18 - 50 years; Limited: 18 - 55 years |
Regular: 71 years; Limited: 76 years |
Regular: Same as PT; Limited: PT minus (-) 5 years |
Regular: 18 - 50 years; Limited: 18 - 55 years |
₹25,000 | Section 80C and Section 10(10D) |
Bharti AXA Life Elite Advantage |
10-Year PT: 8 - 65 years; 12-Year PT: 6 - 65 years |
10-Year PT: 75 years; 12-Year PT: 77 years |
10-Year PT: 5 years; 12-Year PT: 7/12 years |
10/ 12 years | 5-Year PPT: ₹24,000; 7-Year PPT: ₹15,000 12-Year PPT: ₹12,000 |
Section 80C and Section 10(10D) |
Bharti AXA offers a variety of child plans. Let us learn the details below-
The Bharti AXA Life Child Advantage Plan is a traditional participating child insurance plan that offers guaranteed payouts at key milestones and waives off all future premiums in case of an unfortunate event to the life insured parent.
Guaranteed payouts: The plan offers guaranteed payouts at 18th, 20th, and 22nd birthdays of the child and maturity.
Premium waiver benefit: If the life insured parent dies during the policy term, all future premiums are waived off and the plan continues to provide benefits.
Bonuses: The plan participates in the profits of the company, and bonuses are declared and added to the policy if any.
Benefit options: Choose Endowment (lump sum) or Money Back (guaranteed payouts + lump sum).
Policy term: You can choose a policy term between 11 and 21 years.
Premium payment term: You can choose to pay premiums for a limited period (5 years less than the policy term) or throughout the policy term.
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Bharti AXA Life Guaranteed Wealth Pro is a savings-cum-protection plan offered by Bharti AXA Life Insurance. It is a traditional endowment plan that provides guaranteed benefits upon maturity or death of the life assured.
Guaranteed benefits: The plan offers guaranteed benefits upon maturity or death of the life assured.
Plan Variants:
Endowment option: This option provides a lump sum payout at the end of the policy term.
Income options: These options provide a regular income payout during the chosen income payout period.
Other Options: There are various income options available, such as short-term income, long-term income, deferred income, early income, and long-term early income.
Choice of benefits: You can choose from a variety of benefits, including a lump sum amount at maturity.
Loyalty additions: You can earn loyalty additions on your premiums, which can boost your returns.
Bharti AXA Life Shining Stars is a child insurance plan offered by Bharti AXA Life Insurance. It is a traditional non-participating non-linked insurance plan that provides life insurance coverage and a guaranteed maturity benefit.
Flexible: Choose policy terms (16-30 years) and premium payment terms (5-16 years) to fit your needs.
Maturity payouts: Opt for a lump sum or 5 equal annual installments for your child's future expenses.
Death benefit: Policy continues even if you pass away, ensuring your child's financial security.
Riders available: Add optional coverage for critical illness, accidental death, or premium waiver.
Policy loans: Access funds through loans against your policy's surrender value.
The Bharti AXA Life Super Series Plan is a traditional non-participating individual life insurance plan that offers a combination of guaranteed protection and savings. It provides a lump sum payout on maturity, guaranteed money back benefits during the policy term, and death benefit to the nominee in case of the policyholder's death.
Two plan options: You can choose from Super 6 or Super 10 plan, depending on your desired premium payment term and payout period.
Guaranteed money back benefits: You receive guaranteed cash payouts every year from the end of the premium payment term till maturity of the policy.
Guaranteed maturity benefit: On maturity, you receive a lump sum amount equal to the sum assured on maturity.
Maturity Benefit: Get the sum assured on maturity, plus a guaranteed addition.
Life Cover: Death benefit equals 11x annual premium or 105% of paid premiums.
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Bharti AXA Life Elite Advantage is a traditional non-participating savings and protection oriented life insurance plan offered by Bharti AXA Life Insurance Company. It is designed to provide guaranteed payouts and a lump sum amount at maturity, along with death benefit protection during the policy term.
Guaranteed payouts: 8.5%-9.5% of the sum assured annually after policy term + 100% sum assured at maturity (20 years).
Guaranteed Lump Sum Benefit: At the end of the maturity payout period, you will receive a guaranteed lump sum benefit of 100% of the sum assured.
Riders: You can opt for additional riders to enhance the coverage of the plan, such as accidental death benefit, critical illness rider, and waiver of premium rider.
Death benefit: Higher of sum assured on maturity, 11x annual premium, or 105% of paid premiums.
The Bharti AXA Child Plan offers a comprehensive solution for securing a child's future, providing financial stability, and ensuring their education and well-being. With its customizable features and investment options, it stands as a reliable choice for parents looking to safeguard their children's future aspirations.
Money Back Plans: Provides guaranteed payouts in the last 5 years before maturity for ongoing education expenses and a lump sum maturity benefit.
Endowment Plans: Pays a guaranteed lump sum at maturity for your child's higher education and future needs.
Guaranteed Maturity Benefit: Ensures a lump sum payout for your child's education.
Tax Benefits: Premiums qualify for tax deductions under Section 80C.
Optional Riders: Add-ons like premium waiver and critical illness cover for extra protection.
Flexibility: Choose policy terms, payout options, and sum assured based on your needs.
Age of proposer: 18-55 years
Age of child: 0-18 years
Minimum sum assured: Varies based on plan and option
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.