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Bharti Axa True Wealth

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This plan has been withdrawn by the insurance company and is no longer available for sale.



Policy opening date - 27th August 2010



Bharti AXA Life True Wealth Plan


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.



Key Features of Bharti AXA Life True Wealth Plan


§         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



Benefits you get from Bharti AXA Life True Wealth Plan


Death Benefit – In case of death of the policy holder, the nominee gets

Option A - Sum Assured plus Fund Value

Option B - The higher of Sum Assured or Fund Value. (Option B is only available for premium of Rs 1,00,000 and above)


Maturity Benefit - If the policy holder survives the policy term, then he gets the Fund Value.

Fund Value is calculated according to the highest of the following:

·         NAV at maturity

·         Highest NAV achieved during the policy term

·         NAV of Rs 12


Income Tax Benefit - 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 amounts you receive from this plan are exempt from tax under section 10(10D)



Eligibility conditions and other restrictions in Bharti AXA Life True Wealth Plan






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



Sample illustration of returns in Bharti AXA Life True Wealth Plan


Male of age 35 years

Premium               = Rs.25,000

Policy Term          = 10 years

Sum Assured       = Rs.2,50,000

Total Investment  = Rs. 25,000 x 5 years = Rs.1,25,000


Bharti Axa Life True Wealth Plan Illustration



Additional Features and Benefits of Bharti AXA Life True Wealth Plan


Riders – There are no riders under this policy.



Type of Rider

Available with Policy

Accidental death benefit


Permanent/Accidental disability benefit


Waiver of premium benefit


Critical illness (or dread diseases) benefit


Increased death benefit / Term rider


Hospital cash benefit


Life Guardian benefit



Investment Fund Options

The plan has only 1 investment option:

·         True Wealth Fund


Top-up - You are not allowed to top up in this plan.


Switching - No switching allowed under this policy as there is only 1 fund option


Partial Withdrawal - You are allowed to make partial withdrawals in this policy after 5 complete policy years. The minimum amount of partial withdrawal should be Rs. 1,000 such that 120% of annual premium should be maintained after Partial Withdrawal. Maximum partial withdrawal allowed is 20% of Fund Value in any policy year.



What happens if?


You stop paying the premium before 5 years - 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.


You stop paying the premium after 5 years - 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.


You want a loan against your policy – There is no loan facility in this product.


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