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Bharti AXA Future Invest

Future Invest is a Unit-linked insurance plan (Ulip) for a fixed term of 10 years where you have to pay premiums for only 5 years. This is a market-linked plan which invests the premiums paid by you towards building your fund. Future Invest is a Ulip with ZERO Premium Allocation charges. 

You pay premium for 5 years and the plan continues for 10 years. On maturity, you get back the fund value. You also get the option to keep the corpus invested for up to 5 years after maturity.

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Tax Benefits
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Accidental Death Benefit
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ZERO Premium
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Key Features

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ZERO Premium

ZERO Premium Allocation Charges

Pay a premium

Pay a premium for 5 years and accrue benefits for 10 years

5 years after maturity

The advantage to keep the funds invested for another 5 years after maturity

Accidental Death Benefit

In-built Accidental Death Benefit (Incase of Option B)

Partial withdrawal facility

A partial withdrawal facility gives you the flexibility to withdraw money anytime after 5 years

Tax Benefits
Life Insurance Benefits

2 Life Insurance Benefits Options to choose from:

  • Higher of the Fund Value or Sum Assured
  • Sum Assured + Fund Value
Applicable Charges
  • Premium Allocation charges: Zero
  • Policy administration charges: 0.50% of annual premium subject to a maximum of Rs.6000
  • Accidental Death Benefit charges (Only in Option B):  Re.1 per Rs.1000 per annum
  • Discontinuance charges: Levied at the time of surrender or on discontinuance of premium
  • Fund Management charges: 1% to 1.35% per annum
  • Mortality charges
Additional Features

Build India Fund

Grow Money Plus Fund

Growth Opportunities Plus Fund

Safe Money Fund

Save 'n' Grow Money Fund

Steady Money Fund

Premium Allocation Charge
Policy Year
Premium Allocation Charge
Every Year
NIL
Policy Administration Charge

This is the charge for the administrative working of the policy and is deducted by cancellation of units on a monthly basis.

Policy Year
Policy Administration Charge
Each Year
0.50% of annual premium subject to a maximum of Rs.6000
 
Fund Management Charge
Type
Charge
Growth Opportunities Plus Fund
1.35%
Grow Money Plus Fund
1.35%
Build India Fund
1.35%
Save’n’grow Money Fund
1.25%
Steady Money Fund
1.00%
Safe Money Fund
1.00%
Discontinuation Charge
Year of Discontinuation
Annual Premium <= Rs 25,000 p.a.
Annual Premium > Rs 25,000 p.a.
1st
Lower of 20% of (Annual Premium or Fund Value) subject to a maximum of Rs 3,000
Lower of 6% of (Annual Premium or Fund Value) subject to a maximum of Rs 6,000
2nd
Lower of 15% of (Annual Premium or Fund Value) subject to a maximum of Rs 2,000
Lower of 4% of (Annual Premium or Fund Value) subject to a maximum of Rs 5,000
3rd
Lower of 10% of (Annual Premium or Fund Value) subject to a maximum of Rs 1,500
Lower of 3% of (Annual Premium or Fund Value) subject to a maximum of Rs 4,000
4th
Lower of 5% of (Annual Premium or Fund Value) subject to a maximum of Rs 1,000
Lower of 2% of (Annual Premium or Fund Value) subject to a maximum of Rs 2,000
5th onwards
NIL
Mortality Charge
This charge is paid for the Life Coverage provided according to the Sum At Risk. This is based on the mortality rates which are specified for all ages and amount of cover being provided.
Service Tax would be applicable on the charges depending on the applicable rates.
Sample illustration of premium of Bharti AXA Life Future Invest Insurance Plan

Example 1:

Premium = Rs.50,000 per annum

Age = 35 years

Policy Term = 10 years

Premium Paying Term = 5 years

Fund Value = Rs.4,09,560 at an assumed rate of 10% per annum and Rs.2,96,701 at an assumed rate of 6% per annum

Example 2:

35 year old Anurag chooses our Bharti AXA Life Future Invest and would like to invest in the Grow Money Fund. He chooses a policy term of 10 years with a premium payment term of 5 years for a Sum Assured of Rs.5,00,000.

Example 3:

35 year old Rishab chooses our Bharti AXA Life Future Invest and would like to invest in the Grow Money Fund. He chooses a policy term of 10 years with a single premium payment for a Sum Assured of Rs.3,75,000.

Benefits

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Death Benefit

There are 2 Options to choose from – Option A and Option B. In case of an unfortunate death of the life insured during the 10 year of Policy Benefit period, the nomine gets the money as per the details below.

  • In Option A: Higher of Sum Assured (net of partial withdrawals, made within 12 months prior to death of the life insured) OR the Policy Fund Value at that point in time is payable.
  • In Option B: Sum Assured + Fund Value

 

 

 

Maturity Benefit

The Fund Value as on maturity date is payable

Income Tax Benefit

Premiums paid towards Life Insurance policies up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C. Maturity amounts are also exempt from tax as per Sec 10(10D).

Eligibility

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  Minimum Maximum
Sum Assured (in Rs.) For Age 18 to 44 = 10 x Annual Premium

For Age 45 to 70 = 7 x Annual Premium

Policy Term (in years) 10
Premium Payment Term (in years) 5
Premium (in Rs.)

Payable only through ECS

Annual - 18,000
Half yearly - 9,000

Quarterly - 4,500

Monthly - 1,500

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Entry Age of Policyholder (in years) 18 70
Age at Maturity - 80
Payment modes Yearly, Half-Yearly, Quarterly and Monthly