Bharti Axa Life Bright Stars Edge
This is a regular premium Unit Linked Insurance Plan (ULIP). The overall charges too are reasonable compared to other similar plans in the market. This Child Plan can be considered as a long term investment tool for securing your child’s future needs.
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Bharti Axa Life Bright Stars Edge - Key Features
20 times the Premium is provided as Sum Assured
6 Fund Options for Investment
Age = 30 years old Premium = Rs.25,000 Policy Term... In case of death of the policy holder, the nominee gets Sum Assured + Fund Value. If the policy holder survives the policy term, then the policyholder gets the Fund Value. Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. The maturity Under this plan the policy holder gets the following fund options: No top-ups are allowed in this policy. You have the flexibility to switch investments from one fund to the other any time during the policy term. The minimum switching amount should be R You are allowed to make partial withdrawals in this policy after 5 complete policy years. The minimum amount of partial withdrawal should be Rs.1,0 20 times the Annualized Premium Regular Premium 5 years 75 years for 15 year term 80 year for 20 year term Rs 12000 for 20 years term Yearly, Half-Yearly, Quarterly and Monthly If the policy holder stops paying the premium, then the accumulated policy fund amount shall be paid to the policy holder after the fifth policy year. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee. If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately. The policy can be surrendered from the 6th (sixth) policy year. The surrender value will be equal to the fund value of all the premiums paid. Loan facility is not available under this policy.
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Bharti Axa Life Bright Stars Edge - Benefits
...Eligibility Conditions for Bharti Axa Life Bright Star EDGE
Parameter
Minimum
Maximum
Sum Assured (in Rs.)
Policy Term (in years)
10
20
Premium Payment Term (in years)
Lock-in period
Entry Age of Policyholder
18
60
Age at Maturity
28
70 years for 10 year term
Regular premium
Rs 18000 for 10 and 15 years term
No Limit
Single premium
NA
NA
Payment modes
Top-up premium
NA
NA
Bharti Axa Life Bright Stars Edge - FAQs
