Page 27 - Life Insurance Today February 2018

Income Protection

Plan

from Bharti Axa Life Insurance Company
Limited

Benefits: Depends on the Policy Maturity Benefit Option A =
Y Provides an annual pre-planned income for your Term and Maturity Rs. 4,990
financially dependent family in order to take care of Benefit Option Maturity Benefit Option B =
their recurring expenses Rs. 7,480
Y Term with 'Return of Premium' plan, which allows to Policy Term of 15 years
receive all invested premiums as Maturity benefit. Maturity Benefit Option A =
Y Two death benefit options available, which allow Rs. 3,565
flexibility in duration of payouts depending on your Maturity Benefit Option B =
financial outlook Rs. 5,530
Y Tax benefits on the premiums paid and benefits Policy Term of 20 years
received, as per provisions of the Income Tax Act, Maturity Benefit Option A =
1961. Rs. 2,730
Maturity Benefit Option B =
Eligibility: Rs. 3,825
Premium Payment Annual, semi-annual,
Parameter Eligibility Criteria Modes quarterly* & monthly*
Minimum age at entry 18 years
Maximum age at entry 58 years for policy term of Details:
12 years 1. Three Policy Term Options
55 years for policy term of
2. Maturity Benefit
15 years
Policy Term 12 15 20
50 years for policy term of years years years
20 years
Maturity Benefit Option A 100% 100% 100%
Maximum Age at 70 years
Maturity entry Maturity Benefit Option B 110% 115% 120%
Premium Payment 12 years, 15 years and 20 3. Death Benefit Payable: The death benefit applicable
Term & Policy Term years will be highest of the following:
Minimum Sum Rs 500,000 10 times annualized premium
Assured (Rs.) 105% of all premiums paid as on date of death
Maximum Sum No Limit, subject to Absolute amount assured to be paid on death
Assured (Rs.) underwriting equal to the sum assured under the policy
Minimum Premium (Rs.) Policy Term of 12 years Sum assured on maturity. T

"Dharma is to be acquired for the purification of the soul. Wealth or Artha may be acquired so that it may be spent without any desire
for the fruits."

Life Insurance Today February 2018 27

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