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Insurance Company
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Bharti Axa Life Insurance Company Ltd
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Plan Name
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Bharti AXA AspireLife
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Plan Nature
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ULIP
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Plan Category
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Protection Plan
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UIN No.
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130L009V01
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About Plan
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Aspire Life helps you create a pool of wealth to meet your long-term needs, while also providing you adequate protection in case the need arises.
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Minimum Entry Age
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3 Years
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Maximum Entry Age
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( 70 Term)
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Maximum Maturity Age
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70 Years
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Minimum Premium
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Rs. 18000 P.a
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Minimum Policy Term
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15 Years.
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Maximum Policy Term
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25 Years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity, Policy Fund Value as on the date of maturity plus the Guaranteed Special Addition applicable for the Policy term
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Death Benefits
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In case of unfortunate death of the Life Insured, higher of following shall be paid and the policy shall cease to exist:1. Sum Assured under the Policy (net of partial withdrawals made from Regular Premium's Policy Fund Value in the 12 months prior to death), or 2. The Policy Fund Value plus the Guaranteed Special addition applicable for the Policy term.
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Switch Benefit
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This facility can be used to change the allocation of the various investment funds in your Policy as per your changing financial priorities and objectives. The minimum value of a switch should be Rs.2,500. Four switches in a Policy year are free, beyond which a charge of Rs. 100 per switch is levied.
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Additional Benefits
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AspireLife offers Guaranteed Special Addition, based on the Policy term chosen, which will be provided either at maturity or on the death of the Life insured. The Guaranteed Special Addition is computed as the percentage of the first year premium, as follows:Policy Term 15 Years 20 Years 25YearsGuarenteed Special Addition as a percentage of first 130% 160% 175% year Regular Premium
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Partial Withdrawal Benefit
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Under this facility, you can withdraw money from your Policy Fund Value anytime after completion of five Policy years. Each partial withdrawal should be a minimum of Rs.5,000 and maximum withdrawal amount should not exceed 20% of the Policy Fund Value in that Policy year. Only two partial withdrawals are allowed in a Policy year, which are free of charge.
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Premium Holiday Option
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This option entitles you to continue your Life Insurance benefit if you are unable to pay premums after seven completed Policy years. In case discontinuance of premium payment has been opted by submitting a written notice to the Company, no further regular premiums or top up premiums can be paid by you.In case this benefit is opted for, then the Policy will remain in effect by deducting applicable Policy charges. However, the minimum Policy Fund Value at all time, should be greater than one year's Annual Regular Premium, failing which the policy shall be terminated.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Partial Withdrawal benefit to take care of your intermittent financial needsUnder this facility, you can withdraw money from your Policy Fund Value anytime after completion of five Policy years. Each partial withdrawal should be a minimum of Rs 5,000 and maximum withdrawal amount should not exceed 20% of the Policy Fund Value in that Policy year. Only two partial withdrawals are allowed in a Policy year, which are free of charge.
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Additional Investments through top-up premiums to increase your investment poolThis facility provides you an opportunity to boost your savings anytime after the first Policy year. The minimum amount of a single top up is Rs 5000. At any point during the Policy benefit period total amount of top up cannot be more than 25% of total Regular Premium paid till that date. Top-up premium has no effect on your Sum Assured.
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Allocation rates as high as 100% i.e. no allocation charges for premiums greater than or equal to Rs.50,000 on your investment in the unit-linked fund from year 2 onwards.Allocation rates as high as 100% i.e. no allocation charges for premiums greater than or equal to Rs.50,000 on your investment in the unit-linked fund from year 2 onwards.Choice of investment funds ranging from high equity content to a mix of equity and debt as per your investment preferences.Flexibility of partial withdrawals after fifth Policy Year, premium holiday option after seven Policy years and facility to switch amongst the investment funds as per your investment objectives.Protection benefit which provides high Sum Assured for longer Policy terms to provide adequate protection to your family in case of any unforeseen events.
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Grow Money Fund
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Growth Opportunities Fund
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Safe Money Fund
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Save 'n' Grow Money Fund
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Steady Money Fund
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Particulars
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Range
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Grow Money Fund
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Cash & Money Market Instruments
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0% - 40%
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Equities
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80% - 100%
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Growth Opportunities Fund
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Equities
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80% - 100%
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Cash & Money Market Instruments
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0% - 40%
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Safe Money Fund
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Corporate Bond & Bank Deposits
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0% - 60%
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Govt Bonds & Securities
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0% - 60%
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Cash & Money Market Instruments
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0% - 40%
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Save 'n' Grow Money Fund
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Equities
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0% - 60%
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Corporate Bonds
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0% - 50%
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Government Bonds & Securities
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0% - 40%
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Cash & Money Market Instruments
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0% - 40%
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Steady Money Fund
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Cash & Money Market Instruments
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0% - 40%
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Government Bonds & Securities
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20% - 80%
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Corporate Bonds
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20% - 80%
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Grow Money Fund
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19-Jun-13
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17.6908
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Growth Opportunities Fund
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19-Jun-13
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20.9024
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Safe Money Fund
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19-Jun-13
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12.8787
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Save 'n' Grow Money Fund
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19-Jun-13
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17.4103
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Steady Money Fund
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19-Jun-13
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17.049
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Grow Money Fund
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Growth Opportunities Fund
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Safe Money Fund
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Save 'n' Grow Money Fund
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Steady Money Fund
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29-Jun-09
21:56
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Sandeep Nanda as new CIO for Bharti AXA Life
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10-Jun-09
10:41
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Critical Illness Policy from Bharti Axa General
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04-Jun-09
09:59
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Targeting Rs 1,000 Cr revenue during this FY : Bharti AXA Life
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04-Jun-09
08:50
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Bharti AXA Life Insurance has launched Guarantee Builder
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19-May-09
11:45
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Pay premium through mobile phones : Bharti AXA
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22-Apr-09
13:56
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New CEO for Bharti AXA General Insurance
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03-Apr-09
08:45
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Bharti Axa General infusing Rs 120 Cr in FY10
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20-Mar-09
10:23
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Bharti AXA opens branch office in Kochi
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11-Feb-09
10:40
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Pension Plans Contribute
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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21-Jan-09
14:10
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Bharti Axa General Insurance plans to raise authorised capital
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17-Jan-09
12:02
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Bharti AXA's plans
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16-Jan-09
10:26
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Bharti Axa to inject Rs 645 cr
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13-Jan-09
12:59
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Bharti AXA General Insurance gets extra capital infusion of Rs 60cr
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13-Jan-09
09:35
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Bharti AXA expands capital base
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15-Dec-08
14:20
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Bharti AXA General Insurance launching a new motor insurance policy
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29-Nov-08
11:10
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Slowdown may hit Insurer Axa future earnings
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04-Nov-08
11:06
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Bharti AXA Life aims premium of Rs 1,000 cr by next year
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03-Aug-08
10:20
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Bharti AXA Life Insurance Launches Its 100th Branch In India
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18-Mar-08
16:50
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Bharti AXA Life Insurance launches operations in Goa
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