Bharti AXA Life
Growth Shield Plus
(UIN: 130L123V01)(ADVT No. II-MAY-2024-XXXX)
A Unit Linked, Non-participating Individual Life Insurance Plan
#FlexibleInvestment#LoyaltyAdditions#TaxBenefits*
Why Choose Bharti AXA Life Growth Shield Plus?
This plan offers a high death benefit cover with ULIP proposition and serves as the one stop
investment solution with high death benefit cover & competitive features.
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Return of 2X premium allocation charge
200% of premium allocation charges deducted during the 1st to 4th year shall be added back to the fund value from end of 10th year to 13th year. The premium allocation charges shall be so returned in the same premium payment mode as that in which it was deducted during the policy term.
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Return of Mortality charge
100% to 300% of mortality charges (depending upon the policy term) deducted throughout the policy term shall be added back to the fund value from the end of the 11th policy year. Multiple(100% to 300%) of mortality charges would depend upon the policy term.
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Loyalty Additions
The plan lets you choose from 2 investment strategies - Dynamic Fund Allocation and Systematic Transfer Plan along with multiple fund options basis the investment goals and risk-return potential.
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Multiple Investment Strategies to suit your investment needs
The plan lets you choose from 2 investment strategies - Dynamic Fund Allocation and Systematic Transfer Plan along with multiple fund options basis the investment goals and risk-return potential.
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Tax Benefits*
You can avail the tax benefits on the premiums paid and the benefits received; subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.
Key Benefits
Multiple Investment Strategies
Return of 2X premium allocation charge
Return of Mortality Charge
Tax Benefits
Loyalty Additions
How does the plan work?
Make your plan with ease
Pick your policy term
Choose one of the options, as per your financial goals.
30 Years
Premium payment term of 10 or 30 years
35 Years
Premium payment term of 10 years
40 Years
Premium payment term of 10 or 40 years
30 Years
Premium payment term of 10 or 30 years
35 Years
Premium payment term of 10 years
40 Years
Premium payment term of 10 or 40 years
Now, add a rider
For added protection, the following rider can be availed by paying additional premium along with Bharti AXA Life Growth Shield Plus.
Bharti AXA Life Linked Complete Shield Rider (130A012V01):
Receive additional sum assured chosen under the rider in case of a covered event.
Please refer to rider brochure for complete details on terms and conditions and exclusions before opting for the rider.
Insurance Jargon Explained
Maturity Benefit
It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy. This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.
Rider
A provision attached to a policy that adds benefits not available in the original policy or that changes the original policy.
---Riders help the Policyholder in enhancing the insurance product to meet specific needs by adding protection benefits to the basic Insurance Plan at a lower additional cost. For example, Bharti AXA Life Hospi cash rider provides fixed per day cash benefit to the Policyholder for each day of hospitalisation, thus providing benefits of a health plan along with base Life Insurance plan.
Premium
The payment, or one of the regular periodic payments, that a policyholder makes to an insurer in exchange for the insurer's obligation to pay benefits upon the occurrence of the contractually-specified contingency (e.g., death).
Sum Assured
Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).
Disclaimer
Unit Linked Life Insurance products are different from the traditional products and are subject to market risks.
The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
Bharti AXA Life Insurance Company Ltd. is only the name of the insurance company and [Name of the Product (with UIN)] is only the name of of the unit linked, non-
participating individual life insurance plan and does not in any way indicate the quality of the contract, its future prospects or returns.
Please know the associated risk and applicable charges from your Insurance Advisor or the intermediary or the policy document issued by the insurance company.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns.
Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
* The tax benefits are subject to change as per change in tax laws from time to time.