Bharti Axa True Wealth
This is a unit-linked insurance policy (ULIP) where the premium amount is invested in the markets (debt, equity and cash market instruments). The value of investments may go up or down, hence the risk in ULIPS is borne by the policy holder and not by the insurance company.
Compare this plan with other Investment Plans
Bharti Axa True Wealth - Key Features
Highest daily NAV Guarantee for the first 7 years on maturity or a minimum of Rs 12
Equity exposure with a capital guarantee.
5 years payment option available
Male of age 35 years Premium = Rs.25,000 Policy Term = 10 y
Bharti Axa True Wealth - Benefits
In case of death of the policy holder, the nominee gets
...
If the policy holder survives the policy term, then he gets the Fund Value. Fund Value is calculated according to the highest of the followi
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 amount
Type of Rider ... The plan has only 1 investment option: You are not allowed to top up in this plan. No switching allowed under this policy as there is only 1 fund option 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, Minimum Maximum Sum Assured (in Rs.) If age at entry 8-44 years, SA = 10 X Annual Premium If age at entry 45-60 years, SA= 7 X Annual Premium Policy Term (in years) 10 years Premium Payment Term (in years) 5 years Lock-in period 5 years Entry Age of Policyholder 8 years 60 years Age at Maturity 18 years 70 years Regular premium Rs 18,000 p.a. No Limit Single premium Not Allowed Payment modes Annual, Semi-annual, quarterly and monthly Top-up premium Not allowed If the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The proceeds from this fund 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. There is no loan facility in this product.
Eligibility conditions and other restrictions in Bharti AXA Life True Wealth Plan
Bharti Axa True Wealth - FAQs
