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Product Information

Saving And Investment Plans Bharti AXA Monthly Advantage

Synopsis:

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A plan that gives you the flexibility to choose your Policy Term and Premium Payment Term from 3 options. It makes sure you receive a steady stream of monthly income without staying invested in the plan for a very long time.

Features:

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Receive Guaranteed* Monthly Income on survival/any untoward event like disability or death.
(Monthly Income is guaranteed subject to policy being in force and all due premiums being paid.)
Get additional financial returns by way of accrued bonuses, if declared
Enjoy Tax Benefits on the Premiums paid and benefits received
An ideal plan for receiving additional income

Eligibility:

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Minimum age at entry	6 years for 12 years policy term 2 years for 16 years policy term 91 days for 24 years policy term (The risk coverage will start immediately on policy commencement for all lives including minors) In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.
Maximum age at entry	65 years for 12 & 16 years policy term 60 years for 24 years policy term
Maximum Maturity Age	77 years for 12 years policy term 81 years for 16 years policy term 84 years for 24 years policy term
Minimum Monthly Income	Rs 928 for 12 years policy term Rs 642 for 16 years policy term Rs 370 for 24 years policy term
Minimum Sum Assured	Rs. 50,000 for all policy terms
Minimum Premium	Rs 10,600 for 12 year policy term Rs 7,000 for 16 year policy term Rs 3,700 for 24 year policy term

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