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Bharti AXA Life Future Invest Plan

Bharti AXA Life Future Invest is a linked limited pay life insurance product. The market-linked policy invests the premium amount toward building the fund, without charging any allocation fee. It also provides benefits for 10 years, while premiums only need to be paid for the first five.

About Bharti AXA Life Insurance - Bharti AXA Life insurance is a joint venture between Bharti and AXA. At present, Bharti Group holds a 51% stake, while AXA owns a 49% stake. Bharti AXA Life Insurance started its business operations during the second wave of growth in the private insurance space in 2006.

(Note - All the information contained in this page has been sourced from the official website of Bharti AXA Life Insurance.)

Features of Bharti AXA Life Future Invest Plan

The features of Bharti AXA Life Future Invest Plan are as under:

  • Limited Premium Payment
  • Zero Allocation Charge
  • Life Insurance Benefits
  • Choice of 6 Funds
  • Extendable Investment Period
  • Liquidity Benefit with Partial Withdrawal:

Benefits of Bharti AXA Life Future Invest Plan

a. Life Insurance Benefit:

The life insurance benefit payable under the policy will be higher of

  1. Sum assured

  2. 105% of all premiums paid till the date of intimation of demise (excluding underwriting extra)

  3. Policy fund value at that point in time b. Maturity Benefit:

The policy fund value shall be payable to the life assured on the maturity date. Policyholders can select any one of the below options for claiming the maturity benefit:

  1. Lump sum payment of the policy fund value
  2. Withdrawal of maturity benefit at regular intervals chosen by the life assured during the settlement period
  3. A combination of the above two options c. Investment Fund Options:

Policyholders have the choice of investing premium in any or all of the below six investment funds:

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

Eligibility Criteria

ParameterEligibility
Minimum age at entry18 years
Maximum age at entry59 years
Maximum age at Maturity69 years
Policy Term10 years

Source: Bharti AXA Life website

Premium Details

Premium Payment TermPremium Modes
Single Pay and 5 PaySingle/ Annual/ Semi Annual/ Quarterly/ Monthly

Documents Required

To avail a life insurance plan, an individual will be required to submit certain documents that will serve as proof of identity and residence. The documents that are usually acceptable include:

ID Proof - PAN card, Passport, Voter ID card, etc.

Address Proof - Passport, Driving License, Voter ID card, etc.

Exclusion - Bharti AXA Life Future Invest Plan

If the life assured, whether sane or insane, commits suicide, within a year of the date of the policy’s commencement or within one year from the latest date of revival of the policy applicable, the policy shall become void. The insurer will only be pay the policy fund value as on the date of intimation of death.

Review of Bharti AXA Life Future Invest Plan

With Bharti AXA Life Future Invest Plan, individuals can pick from two premium payment terms – Single pay and 5 years. Extendable investment period is a facility provided by the plan, wherein users can opt to remain invested in the funds for an extended period of 5 year after maturity.

FAQs on Bharti Axa Life Future Invest Plan

What is the duration of the grace period under Bharti AXA Life Future Invest Plan?

Grace Period: (applicable for the premium payment term of 5 years) Grace period available will be:

  • Fifteen days for monthly premium payment mode
  • Thirty days for annual/semi-annual/quarterly premium payment mode

What is the minimum entry age under Bharti AXA Life Future Invest Plan?

The minimum entry age under Bharti AXA Life Future Invest Plan is 18 years.

What is the maximum entry age under Bharti AXA Life Future Invest Plan?

The maximum entry age under Bharti AXA Life Future Invest Plan is 59 years.

What are the tax benefits under Bharti AXA Life Future Invest Plan?

Policyholders can avail the tax benefits on the premiums paid toward Bharti AXA Life Future Invest Plan under Section 80C of the Income Tax Act, 1961. The proceeds from the policy are tax-free in the hands of the receiver under Section 10(10D) of the Income Tax Act.

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