Bharti AXA Life Monthly Income Plan+ Plan is a traditional participating savings plan with regular monthly incomes which provides a steady inflow of cash every month with life insurance cover for protecting the family against unforeseen emergencies
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
0 years |
65 years |
Maturity Age (Last Birthday) |
- |
80 years |
Policy Term (PT) in years |
15, 20 or 30 |
|
Premium Paying Term (PPT) in years |
7 or 10 or 15 respectively |
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
Yearly Premium |
Depends on the monthly income chosen |
|
Sum Assured |
135,000 |
No limit |
Annual premium in Rupees for a policy term of 15 years and PPT 7 years
Age |
35 years |
Monthly Income in case of survival |
3000 |
Monthly Income after death |
4950 |
Annual Premium |
35,715 |
Vested Bonuses @ 4% |
9504 |
Vested Bonuses @ 8% |
80,784 |
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.