Bharti AXA Life ULIP Plans

4.5 / 5 based on 26 User Reviews
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Bharti AXA Life Insurance is an insurance company which is formed between Bharti Enterprises, the Indian counterpart which has multiple businesses in India including telecom, agriculture, retail and financial services and AXA Group, the foreign counterpart. The insurance company was established in December 2006 and has been working tirelessly ever since its inception. The company has a dedicated work force which is taking the company to heights by increasing its market position. Today, the company offers a range of attractive insurance plans which cater to every need of the individual whether it is for protection or for capital appreciation and also for retirement.

What are ULIPs?

Unit Linked Insurance Plans (ULIPs) are insurance plans which provide dual benefits of insurance and investment bundled in one. The plans work like a mutual fund where investment of the money is in capital markets for higher growth potential. The market value of the total corpus invested in the market in a variety of investments divided by the total securities boughtdetermine the Net Asset Value (NAV) which per unit price. The number of units credited to the policyholder depends on the premium amountpaid and the prevailing NAV as on that date. The plan has some basic features which are detailed below:

  • Thepremium paid by the policyholder is invested in a fund which will be the policyholder’s choice according to his risk profile. If he can take high risks he should invest in an Equity Fund and if he does not want to take risks, he should invest in Debt funds.
  • The premium paid is subject to various charges which include administrative charges, mortality charges, fund management charges, etc. and the net premium is available for investment.
  • The Sum Assured is a multiple of the premium paid
  • Premiums paid are locked in for 5 years during which no withdrawal is allowed. After the lock-in period, money can be withdrawn partially without plan termination
  • Funds can be changed if the investment strategy changes under the Switching Option.

Bharti AXA Life ULIP Plans

Bharti AXA Life Insurance Company currently offers two types of ULIP plans. Below are the types of ULIP Plans sold by the company and their features and benefits

Bharti AXA Life Future Invest Plan

It is a unit linked insurance plan which promises good returns through market participation and also the benefit of life insurance protection. The plan has the following features and benefits:

  • Premiums can be paid for a limited termor in one lump sum through the Single Pay option of paying premiums
  • After deducting the charges, the net premiums are invested in a fund as per the policyholder’s choice. There is a choice of 6 funds to choose from which are:

-    Growth Opportunities Plus Fund
-    Grow Money Plus Fund
-    Build India Fund
-    Save ‘n’ Grow Money Fund
-    Steady Money Fund
-    Safe Money Fund

  • The plan tenure is fixed at 10 years and if the premium is paid for a limited tenure, the fixed tenure for premium payment is 5 years
  • The Fund Value is the maturity benefit which may be taken in lump sum or availed in instalments over 5 years after the maturity datethrough the Settlement Option feature under the plan.
  • If the insured dies during the tenure of the plan, higher of the chosen Sum Assured deducting partial withdrawals made prior to death or 105% of the total premiums paid till the date of death or the Fund Value available on the date of death is paid to the nominee
  • Partial withdrawals are allowed under the plan of which 2 annual withdrawals are free and the minimum amount of withdrawal to be made is Rs.1000
  • Switching is allowed to change between the chosen funds of which 12 free switches are allowed every year
  • Premium redirection option is also available to redirect future premiums into another fund than that which was originally selected.
  • The plan has no premium allocation charges.
  • Premiums paid are exempt from tax under Section 80C and the claim received is also tax-free under Section 10(10D).

Eligibility Details

 

Minimum

Maximum

Entry Age

18 years

59 years

Maturity Age

-

69 years

Policy Term

10 years

Premium amount

Limited Pay – Rs.18, 000

Single Pay – Rs.50, 000

No limit

Sum Assured

Limited Pay – higher of 10 times the annual premium or 0.5*term*annual premium

Single Pay – 1.25 times the single premium

Premium Payment Term

Single Pay or 5 years

Premium Payment Frequency

Yearly, half-yearly, quarterly or monthly

 

Bharti AXA Life eFuture Invest

Another unit linked insurance plan which is available through the website of the company. The plan has the following features and benefits:

  • It is an online Term Plan which can be bought online lowering the premium and avoiding the hassles of unnecessary paperwork
  • The policyholder can pay the premiums for a limited tenure of in one lump sum at the starting of the plan.
  • The premiums paid after adjusting the applicable charges are invested in a choice of fund chosen by the policyholder. The company provides a choice of 6 funds to choose from which are:

-   Growth Opportunities Plus Fund
-   Grow Money Plus Fund
-   Build India Fund
-   Save ‘n’ Grow Money Fund
-   Steady Money Fund
-   Safe Money Fund

  • The tenure of the plan is fixed at 10 years and if the premium is paid for a limited tenure, the fixed tenure for premium payment is 5 years
  • The total Fund Value is payable on maturity which may be taken in lump sum or availed in instalments after maturity within 5 years under the Settlement Option feature under the plan.
  • In case of death within the term of the plan, higher of the chosen Sum Assured less any partial withdrawals made 12 months prior to death or 105% of the total premiums paid till the date of death or the available Fund Value is paid to the nominee
  • Partial withdrawals are allowed under the plan of which 2 annual withdrawals are free and the minimum amount of withdrawal to be made is Rs.1000
  • Switching is allowed to change between the chosen funds of which 12 free switches are allowed every year
  • Premium redirection option is also available to redirect future premiums into another fund than that which was originally selected.
  • The plan has no premium allocation charges.
  • Tax benefit is applicable on the premium paid under Section 80C and on the claim received under Section 10(10D).

Eligibility Details

 

Minimum

Maximum

Entry Age

18 years

60 years

Maturity Age

-

70 years

Policy Term

10 years

Premium amount

Limited Pay – Rs.18, 000

Single Pay – Rs.25, 000

Limited Pay – 1 crore

Single Pay – 8 crores

Sum Assured

Limited Pay – higher of 10 times the annual premium or 0.5*term*annual premium

Single Pay – 1.25 times the single premium

Premium Payment Term

Single Pay or 5 years

Premium Payment Frequency

Yearly, half-yearly, quarterly or monthly

 

 

Bharti AXA Life ULIP Plans Reviews

TOTAL REVIEWS (26)
Ishika
Laksar
September 27, 2016

Bharti Axa Life Insurance

BEST ULIP insurance policy in very low price. Premium is less and returns are high as promised. Claims are easy to sanctioned with the help of members of the bharti insurance company. Many benefits are inbuilt in the insurance policy like the updates are mailed to me regularly.

Chetan
Kochi
August 25, 2016

Fantastic Policy

Colleague of mine suggested me to buy ulip insurance policy from bharti axa life insurance company ltd. The policy coverage is high and claim is even much higher. Company facilitate fabulous service given by the team members and executives.

Abhishek
Jammu
August 17, 2016

Worthy Insurance Plan

Bharti ulip insurance policy is superb insurance plan and i have one which has low premium and the benefits are much in such amount. Service facilitate by the company is fabulous and always on time. The updates of the insurance policy is regularly given through emails.

Barun
Lonand
July 15, 2016

High Coverage

The ulip plan which i have is perfect which i purchased from bharti axa life insurance. Policy premium is low and rewards are many. Policy coverage is big and claims are bigger. Service is superb and the renewal of the plan is can be done by online portal.

Rishabh
Dharmasala
July 05, 2016

Ulip Insurance

Policy i have from last five months is work's for me. Policy coverage is 89% and claims are easy to sanctioned through executive or by online portal service which very simple to use. Good paybacks in low investments.

Dinesh
Jaswant_nagar
June 27, 2016

Good

My ulip insurance plan is very good and the premium is low. Policy coverage is high and claims are easily sanctioned due to fast service facilitate by the executives and staff of the company. Good future investment which reduces taxes too. The internet service is also good it provides hassle free documentations.

Lalit
Vadodara
March 30, 2016

Great Policy Plan

I have purchase bharti axa life insurance ulip policy plan. It is an online Term Plan and avoiding the hassles of unnecessary paperwork. The policy coverage is 92% and the claims are high which can easily be cleared without any waiting because of fast services provided by the executives and staff members of the company.

Amit
Faridabad
March 30, 2016

Fantastic Policy Plan

The policy coverage is 95%, The claims are high and the claiming is easy because of the executives and the staff members. The services provided by you bharti axa life insurance is very fast and on time. And my ULIP policy plan is great. The premiums are less ~61 K and the returns are ~Rs.83 L.

Vinod
Gwalior
March 30, 2016

Poor Policy Plan

I had ulip policy plan which i buy from bharti axa life insurance. The policy coverage is low 42% and the claims are less. The premiums are high as the returns are not. Poor policy plan which has slow service too. No response from the staff members and the web site is not working most of the time. Not satisfied.

Tarun
Kadipur
March 30, 2016

Excellent

My ulip policy plan is with bharti axa life insurance. The policy coverage is high 91% and the claims are good. Premiums are less ~40 K per year and the returns are around 24 L. Services are really fast and the response through executives and staff members are nice. Good work.

Ishant
Faridabad
March 30, 2016

Satisfied

My bharti axa life insurance ulip policy plan is nice which have low premiums and the paybacks are high. The policy coverage is good ~80% and the claims are approx. 23 L. The services are good and on time and it reduces taxes also. Nice behaviour from executives and staff members.

Prashant
Jaipur
March 30, 2016

Trustable Policy

I buy bharti axa life insurance ulip policy plan. The policy premium is low and the paybacks are high. The policy coverage is 74%% and the claims are normal. Investment is 55 K per year and the returns are 1.25 times the sum assured. Services you provided is bit slow but manageable. This policy plan work's for me.

Jasmine
Godavari
March 30, 2016

slow service

My ulip policy plan is good but the only thing is the service is bit slow rather than this all things are good. Like, policy coverage is 83% and claims are high but the investments are low. Please improve your services. The policy saves taxes too.

Harish
Dwarakanagar
March 30, 2016

Nice Policy

My ulip policy plan is one of the best plan ever. Thank you, bharti axa life insurance, the premiums are less and coverage is high ~86%. Service you provided is super sonic, Claiming procedure get so simple and easy. The web services and services provided by staff members and executives are fast and on time.

Dinesh
Chandigarh
March 30, 2016

Trustworthy

I purchase ulip policy plan and policy is awesome with great benefits. Policy coverage is high approx. 96%. Claim are good around Rs.22 L after policy get mature and the service is really good with polite behaviour from executives and staff members. Nice job guys bharti axa life insurance.

Jeetu
Agra
March 30, 2016

Good Services

I buy bharti axa ulip insurance policy plan. The policy coverage and claims are high but investment is low. Service is nice and executives are available anytime for assistance. I like the policy very much. The policy saves taxes and it is good investment too.

Gaurav
Greater_noida
March 30, 2016

Wonderful

My ULIP policy plan is with bharti axa life insurance. The policy plan is very nice with low premiums. The policy coverage and claims are good. Perfect policy for future investments and the policy saves taxes also. The behaviour of the executives and staff members are good.

Raghu
Ghaziabad
March 30, 2016

superb plan

I purchase bharti axa life insurance ulip policy plan. The policy coverage is good approx. 93% and the policy claims are high. The premiums are low and the paybacks are really very high. The services provided by the executives and the staff members are good and on time.

Omesh
Gangtok
March 30, 2016

Fantastic Plan

Bharti axa life insurance provides me ulip policy plan. I have to say this that the policy is very good and the terms and conditions are very reliable and flexible. Policy coverage is 90% and the service is okay with good behaviour from executives and staff members.

Umakant
Patiala
March 30, 2016

Awesome

I have ulip policy plan with bharti axa life insurance. Plan is good and the benefits are even better. Premium is low and payback are high. Claims and policy coverage is really awesome with good interest. The service is very quick and on time till now. Happy with this policy plan.

Lakshey
Meerut
March 30, 2016

Satisfactory

I have ulip policy plan from bharti axa life insurance. The plan works for me. Policy coverage is also good ~91% with good amount of claims. Service provided by you is great and the web services are also nice. This policy plan is good saver of taxes and future investment also.

Jayant
Kaushambi
March 30, 2016

Above Average

I own bharti axa life insurance ulip policy plan. Plan is good with low investment. Policy coverage is 82% and premium is Forty thousand (quarterly) per year. Claims are ~Rs.23.9 L. Service you facilitate is really very good with fast interface of web services and from executives and staff members also.

Karan
Haldwani
March 30, 2016

Good Coverage

I have bharti axa ULIP policy plan. The policy coverage is high ~93% and the premiums are low. The premiums are payed online and it reduce paperwork. The services are fast and response is quick from executives and staff members. Nice policy plan which saves taxes too.

Saajid
Hyderabad
March 30, 2016

Very Good

I got bharti axa ULIP policy plan which is very nice with good benefits. The policy coverage and claims are high. It is an online Term Plan, online lowering the premium and avoiding the hassles of unnecessary paperwork. Good services with quick response.

Abhishek
Dwarka
March 30, 2016

Nice Policy

My ULIP policy plan is with bharti axa life insurance. Policy coverage is high approx. 83% and the claims are high with good interest. The services provided by your executives and staff members are really very nice and always on time. Good future investment which saves tax also.