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
|
|
Minimum |
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 |
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 |
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.
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.
