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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 SaveConfident
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Plan Nature
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TRADITIONAL
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Plan Category
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Guaranteed Plan
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UIN No.
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130N005V01
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About Plan
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SaveConfident, a traditional money back insurance product, offers you a perfect combination of liquidity, long term savings and life insurance benefit.SaveConfident with its unique liquidity feature of guaranteed payment for 10 continuous years, annually compounded bonus accumulation, and a guaranteed life insurance benefit offers a perfect three-in-one solution for your financial needs.
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Minimum Entry Age
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12years
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Maximum Entry Age
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55years
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Maximum Maturity Age
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70years
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Minimum Premium
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Rs 6000 for yearly mode
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Premium Payment Term
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12 Years
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Maximum Policy Term
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15 Years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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This is the amount of money payable on survival of the Life insured till the maturity date.
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Death Benefits
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In case of unfortunate event of death of the Life insured, SaveConfident provides death benefit to the policyholder/nominee, as the case may be, which is as follows:Basic sum assured+vested bonuses(till that time)+Teminal Bonus (if any).This benefit is paid our irrespective of the paybments made earlier under the survival benefit feature.
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Death Benefits
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Additional accident death benefit: In case of death of the Life insured is caused due to an accident between ages 18 and 65 years, an additional benefit is payable to the nominee.This additional amount is equal to the basic sum assured or Rs. 10,00,000 (across all the policies issued under SaveConfident product) whichever is lower.
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Loan against policy
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Loans can be availed, after the policy has acquired a surrender value.
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Liquidity Benefit
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Survival benefits with Guaranteed Annual Regular Payments:SaveConfident offers you the regular money back feature with Guaranteed Annual Regular Payments. Under this facility a guaranteed amount is payable(on survival) on every policy anniversary starting from the end of the 6th policy year till maturity.
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Additional Benefits
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SaveConfident acquires a surrender value after premiums have been paid for first three policy years. Once SaveConfident acquires a surrender value you have the option to surrender (exit the policy. The guaranteed surrender value is equal to 35% of all the premiums paid till that date, excluding the first year premium for SaveConfident.
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Premium Benefit
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SaveConfident offers you the benefit of premium payment for a limited period. So while your policy will continue for the policy benefit period of 15 yeas, your premium payment term is only 12 years.
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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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Accident Death and Disability Benefit Rider [130C002V01]
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Survival benefits with guaranteed annual regular payments; Save confident offers you the regular money back feature with guaranteed annual regular payments, under his faciit a guaranteed amount is payable on every policy anniversary starting from the end of the 6 th policy year till maturity
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The company shall declare an annual reversionary bonus at the end of every financi year in accordance with its internal guildelines. the rate of the ARB is not guaranteed. The ARB is declared as a percentage of the um assured of the basic plan plus vested Reversionary bonuses(I,e compound Reversionary bonus). The ARB so declared Shall accrue to the policy at the end of each financial year provided the policy iseffect for the full sum assured and shall be added o the policy on th policy anniversary date immediately following the date of ts declaration.
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Loans can be availed, after the policy has acquired a surrender value. The terms and conditions applicable for loan are utlined in the polcy contract.
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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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