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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 InvestConfident
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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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130L007V01
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About Plan
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InvestConfident, a unique single premium, unit linked investment and protection product which not only strives to maximise your investment returns but also gives you an enhanced flexibility to suit it according to your protection needs
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Minimum Entry Age
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90 days.
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Maximum Entry Age
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65 Years
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Maximum Maturity Age
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70 Years
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Minimum Policy Term
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5 Year
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Maximum Policy Term
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70 Years
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Minimum Top Up Premium
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Rs.10000/-(maximum um of all top upin a single policy year should not exceed single premium)
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Benefits
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| Particulars | Description |
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Maturity Benefits
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The policy matures when you attain the age of 70 years. On maturity, your policy fund value as on the maturity date is paid to you and the policy ceases to exist.
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Death Benefits
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The death benefit will be provided as detailed below: Policy Year Death benefit1st policy year Higher of 25% of basic sum assured or the policy fund value 2nd policy year Higher of 75% of basic sum assured plus top up sum assured or the policy fund value3rd policy yearand onwards Highe of basic sum assured plus top up sum assured less all partial withdrawals made (other than made out of top up premium) in the last 24 months preceding the death of Life insured or the policy fund value
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Death Benefits
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Accidental Death Benefit: In case of the death of the Life insured between the age of 18 and 65 years, occuring due to an accident, an additional benefit equal to Rs. 500,000 will be paid along with the death benefit. The total accidental death benefit across all plicies issued under InvestConfident product will not exceed Rs.10,00,000.
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Switch Benefit
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You have the facility to switch amongst the investment funds made available to you. You can avail the benefit of four free switches in a policy year, post which a charge of Rs.100 per switch shall be levied. The minimum amount ofa switch transaction should be Rs.2,500.
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Additional Benefits
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Investconfident offers you a special addition during the policy benefit period by allocating additional units to your policy fund value on and from every consecutive 5th policy anniversary date till the maturity date.
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Partial Withdrawal Benefit
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Partial withdrawal facility is available to you after the completion of the three completed policy years. The facility of partial withdrawal from this policy can only be availed if the Life insured is a major.After fifth policy year, two withdrawals in a policy year would be free, post which a charge of Rs.100 per withdrawal would be applicable. Partial withdrawal in the 4th and 5th policy year will attract a surrender charge of 2% and 1% respectively on the amount being withdrawn.
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Investment Benefit
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InvesConfident offers you three different investment funds. You can choose to invest in any of these investment funds, depending on your investment objectives and needs.
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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 facility is available to you after the completion of the three completed policy years.The facility of partial withdrawal from this policy can only be availed if the Life insured is a major (i.e. has attained the age of 18 years).Each partial withdrawal should be for a minimum of Rs 10,000 and the minimum policy fund value post any partial withdrawal should be at least Rs 25,000. Under any circumstances, if the policy fund value falls below Rs 25,000 or is insufficient to cover the relevant policy charges, the policy will be terminated and the surrender value is paid to the policyholder.After fifth policy year, two withdrawals in a policy year would be free, post which a charge of Rs 100 per withdrawal would be applicable. Partial withdrawal in the 4th and 5th policy year will attract a surrender charge of 2% and 1% respectively on the amount being withdrawn.For partial withdrawal, the cancellation of units shall first be done from the policy fund value corresponding to the top up premiums paid till then, subject to lock-in period of three years.
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You have the facility to switch amongst the investment funds made available to you. You can avail thebenefit of four free switches in a policy year, post which a charge of Rs 100 per switch shall be levied.The minimum amount of a switch transaction should be Rs 2,500.
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This feature helps you to make additional investments, over and above the single premium, at your own convenience. With every top up, the top up sum assured shall increase by 125% of the top up premium, subject to Underwriting.You can avail this benefit after the first policy year onwards. The minimum amount of a top up is Rs 10,000 and sum of all top ups in a policy year should not exceed an amount equal to the single premium.Top up premium has a lock-in period of three years from the date of payment of such top up premium. This condition will however not apply if the top up premium is paid during the last three years of the policy benefit period.
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Invest Confident, a unique single premium, unit-linked investment cum protection product which not only strives to maximize your investment returns but also gives you an enhanced flexibility to suit your protection needs, because your hard earned money deserves nothing but the best.
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Investconfident offers you a special addition during the policy benefit period by allocating additional units to your policy fund value on and from every consecutive 5th policy anniversary date till the maturity date.
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The policy matures when you attain the age of 70 years. On maturity, your policy fund value as on the maturity date is paid to you and the policy ceases to exist.
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You can surrender your policy only after completion of three policy years. Once the policy is surrendered, the policy shall cease to exist. The value payable to you at surrender is equal to the policy fund value less the applicable surrender chargesand would depend upon the policy year in which you surrender the policy.
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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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22-May-13
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18.3
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Growth Opportunities Fund
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22-May-13
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21.6837
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Safe Money Fund
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22-May-13
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12.8053
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Save 'n' Grow Money Fund
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22-May-13
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17.7804
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Steady Money Fund
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22-May-13
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17.0651
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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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