Scenario

Siddharth, age 35 years, decides to purchase Bharti AXA Life Unnati. He opts for the Endowment Option – Base Variant considering he wants a lump sum benefit at maturity and opts for a policy term of 24 years and a premium payment term of 12 years.

He wants to pay a premium of Rs. 50,000 p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any). The Sum Assured on Maturity would be Rs. 8,62,830 and Sum Assured on Death would be Rs. 5,25,000

The below cases illustrate the benefits that Siddharth would receive in the Endowment Option - Base Variant.

Case I

From the 1st policy year, Simple Reversionary Bonus, if declared, may accrue at the end of each policy year till the end of the policy term.

Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years.

At maturity, a lump sum Maturity Benefit is payable.

Case II

In case of Siddharth’s death during the policy term at the end of the 10th year, the death benefit would be Sum Assured on Death plus the accrued Simple Reversionary Bonus till the date of death, his family would receive death benefit immediately on death as follows:

Scenario

Siddharth, age 35 years, decides to purchase Bharti AXA Life Unnati for a premium of Rs. 50,000 p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any).

He opts for Endowment Option – Waiver of Premium Variant considering he wants to ensure that his child’s future is secure and receives the benefit at Maturity, irrespective of whether he survives or not. So, he opts for a policy term of 20 years and a premium payment term of 10 years. The Sum Assured on Maturity would be Rs. 6,54,400 and Sum Assured on Death would be Rs. 5,25,000.

The below cases illustrate the benefits that Siddharth would receive in this Endowment Option – Waiver of Premium Variant.

Case I

Siddharth pays the premiums for the entire duration of the premium payment term that is 10 years.

On survival till the end of the policy term, that is the 20th policy year and provided all premiums have been paid, from the 1st policy year, Simple Reversionary Bonus may accrue at the end of each policy year till the end of the policy term.

At maturity, a lump sum Maturity Benefit is payable.

Case II

In case of Siddharth’s death during the policy term in the 5th year, his family would receive death benefit immediately on death, the death benefit would be the Sum Assured on Death i.e., Rs. 5,25,000. Additionally, all future premiums will be waived off and on Maturity, his nominee would receive benefits as follows:

Scenario

Siddharth, age 35 years, decides to purchase Bharti AXA Life Unnati for a premium of Rs. 50,000 p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any). The Sum Assured on Maturity would be Rs. 4,42,338 and Sum Assured on Death would be Rs. 5,25,000.

He opts for Money Back Option, considering he wants to receive benefits at regular intervals and opts for a policy term of 24 years and a premium payment term of 12 years. The Sum Assured on Maturity would be Rs. 4,42,812 and Sum Assured on Death would be Rs. 5,25,000.

The below cases illustrate the benefits that Siddharth would receive in this Money Back Option.

Case I

From the 1st policy year, Simple Reversionary Bonus, if declared, may accrue at the end of each policy year till the end of the policy term.

Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years.

Siddharth receives an amount of Rs. 50,000 at the end of each 4th policy year till the 20th policy year.

At maturity, a lump sum Maturity Benefit is payable.

Case II

In case of Siddharth’s death during the policy term at the end of the 4th year, the death benefit would be Sum Assured on Death plus the accrued Simple Reversionary Bonus till the date of death, his family would receive death benefit immediately on death as follows:

Scenario

Siddharth, age 35 years, decides to purchase Bharti AXA Life Unnati for a premium of Rs. 50,000 p.a. (exclusive of taxes, rider premiums, underwriting extra premiums, if any).

He opts for the Immediate Income Option considering he wants some income on a regular basis and opts for a policy term of 20 years and a premium payment term of 10 years. The Sum Assured on Maturity would be Rs. 6,57,660 and Sum Assured on Death would be Rs. 5,25,000.

The below cases illustrate the benefits that Siddharth would receive in this Immediate Income option.

Case I

Siddharth pays premiums for the entire duration of the premium payment term that is, 10 years.

On survival till the end of the policy term, that is the 20th policy year and provided all premiums have been paid, cash bonus would start from the 2nd year till the end of 20th year.

Case II

In case Siddharth dies during the policy term, a death benefit equal to Sum Assured on Death would be payable. In the example above, if Siddharth’s death occurs in the 10th year of the policy term, his family would receive the death benefit of Rs. 5,25,000 immediately on death.

Scenario

Siddharth, age 35 years, decides to purchase Bharti AXA Life Unnati for a premium of Rs. 50,000 p.a. (exclusive of taxes).

He opts for the Whole Life Income Option considering he wants regular guaranteed income throughout the lifetime and opts for a premium payment term of 15 years.

The guaranteed income would start from the end of the 2nd policy year till maturity i.e., 65th policy year.

The below cases illustrate the benefits that Siddharth would receive in this Whole Life Income Option.

Case I

Siddharth pays the premiums for the entire duration of the premium payment term that is, 15 years. The Sum Assured on Maturity would be Rs. 6,70,485 and Sum Assured on Death would be Rs. 5,25,000.

On survival till the end of the policy term, that is 65th policy year and provided all premiums have been paid, Guaranteed Income would start from the 2nd policy year till the end of the 65th policy year. Cash bonus, if declared, would start from the 16th policy year till the end of the 65th policy year.

At the end of the policy term, Sum Assured on Maturity will be payable.

Case II

In case Siddharth dies during the policy term, a death benefit equal to the Sum Assured on Death would be payable. In the example above, if Siddharth’s death occurs during the policy term in the 10th year, his family would receive the death benefit of Rs. 5,25,000 immediately on death.