Bharti AXA Future Invest

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Bharti AXA Life Future Invest Plan

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.

Key Features of Bharti AXA Life Future Invest Insurance Plan

ZERO Premium Allocation Charges
Pay premium for 5 years and accrue benefits for 10 years
Advantage to keep the funds invested for another 5 years after maturity
In-built Accidental Death Benefit (Incase of Option B)
Partial withdrawal facility gives you flexibility to withdraw money anytime after 5 years
Tax Benefits
2 Life Insurance Benefit Options to choose from:
- Higher of the Fund Value or Sum Assured
- Sum Assured + Fund Value

COMPARE THIS PLAN WITH OTHER ULIP PLANS

Benefits you get from Bharti AXA Life Future Invest Insurance Plan

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).

Applicable Charges in Bharti AXA Life Future Invest Insurance Policy

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

Eligibility conditions of Bharti AXA Life Future Invest Policy

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

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.

Additional Features and Benefits of Bharti AXA Life Future Invest Insurance Plan

Investment Fund Options: 6 options to choose from

Build India Fund
Grow Money Plus Fund
Growth Opportunities Plus Fund
Safe Money Fund
Save 'n' Grow Money Fund
Steady Money Fund

Charges in Bharti AXA Life Future Invest Insurance Plan

Premium Allocation Charge – This charge is deducted from the Premium Paid by you

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– This charge is deducted by adjusting the NAV of the units on a daily basis.

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— This charge is for discontinuing the plan before the end of the Policy Tenure.

Year of Discontinuation	Annual Premium <= Rs 25,000 p.a.	Annual Premium > Rs 25,000 p.a.
1^st	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
2^nd	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
3^rd	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
4^th	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
5^th 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.