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Bharti AXA Life Super Endowment Plan

Insurance Company	Bharti Axa Life Insurance Company Ltd
Plan Name	Bharti AXA Life Super Endowment Plan
Plan Nature	TRADITIONAL
Plan Category	Savings & Investment Plan
UIN No.	130N089V01
About Plan	This is a Non Linked Non-Participating Limited Pay Endowment Life Insurance Plan. This is a plan that helps to build your wealth, in a planned manner and meet your financial goals and future expenses. The plan offers the option to choose from 10 premium payment and policy terms.

Minimum Entry Age	2 Years (for 16 Years Policy Term); 91 Days (for 18/20 Years Policy Term);
Maximum Entry Age	60 Years (for all Policy Terms) in case Extended Cover is opted for. the maximum age at entry is 55 years age last birthday
Maximum Maturity Age	80 Years (for all Policy Terms)
Policy Term	16 Years - for 8 Years Premium Payment Term; 18 Years - for 9 Years Premium Payment Term; 20 Years - for 8 to 15 Years;
Minimum Sum Assured	Rs. 50,000/-
Maximum Sum Assured	No Limit, subject to underwriting
Minimum Premium	Rs. 5,995/- - for Premium Payment Term of 8 Years & Policy Term of 16 Years; Rs. 4,939/- - for Premium Payment Term of 9 Years & Policy Term of 18 Years; Rs. 5,238/- - for Premium Payment Term of 8 Years & Policy Term of 20 Years; Rs. 4,530/- - for Premium Payment Term of 9 Years & Policy Term of 20 Years; Rs. 4,003/- - for Premium Payment Term of 10 Years & Policy Term of 20 Years; Rs. 3,740/- - for Premium Payment Term of 11 Years & Policy Term of 20 Years; Rs. 3,494/- - for Premium Payment Term of 12 Years & Policy Term of 20 Years; Rs. 3,317/- - for Premium Payment Term of 13 Years & Policy Term of 20 Years; Rs. 3,132/- - for Premium Payment Term of 14 Years & Policy Term of 20 Years; Rs. 3,004/- - for Premium Payment Term of 15 Years & Policy Term of 20 Years;

Benefits

Particulars	Description
Maturity Benefits	In case the Life Insured survives till the maturity of the policy and all premiums are duly paid, then the Maturity Benefit shall be paid as Sum Assured on maturity to the policyholder for all premium payment term and policy terms.
Death Benefits	a) Without Extended Life Cover: In case of the unfortunate event of death of the Life Insured during the policy term the Sum Assured on death will be paid to the nominee(s)/legal heirs where Sum Assured on death is highest of: i) 11 times annualized premium, or ii) 105% of all premiums paid as on date of death, or iii) Absolute amount assured to be paid on death equal to the sum assured. Plus, any Guaranteed Additions accrued as on the date of death; or iv) Sum Assured on maturity equal to Sum Assured under the policy. b) With Extended Life Cover: The policyholder also has the option to choose for Extended Life Cover Benefit at inception of the policy by paying additional premium throughout the premium paying term. This coverage shall be applicable for the whole of policy term as well as for Extended Life Cover Period. Extended Life Cover Period is the number of years equal to half of the policy term, commencing from the maturity date. If death of the Life Insured happens during the Policy Term, Sum Assured on death as defined in section (a) without extended life cover, above will be payable. In addition, Sum Assured as chosen at inception of the policy shall also be payable. If the death of the Life Insured happens after the policy term and during the Extended Life Cover Period, Sum Assured as chosen at inception of the policy shall be payable.
Survival Benefit	In case the Life Insured survives till a year before maturity of the policy and all premiums are duly paid, Survival Benefit equal to Guaranteed Additions accrued as on the date of payment of Survival Benefit shall be payable at the end of one year before the end of policy term for all premium payment term and policy terms.
Surrender Benefit	The policy acquires a surrender value provided if at least two annualized premiums have been paid for 8 years and 9 years premium payment term and three annualized premium have been paid for the 10 years to 15 years premium payment term. The Guaranteed Surrender Value is a percentage of cumulative premiums paid (excluding any underwriting extra or premium paid towards rider/s, taxes). Your policy will also be eligible for a Special Surrender Value. The surrender value payable will be the higher of Guaranteed Surrender Value or Special Surrender Value.
Guaranteed Benefit	Guaranteed Additions: Subject to the policy being in force and all due premiums being paid, guaranteed additions, equal to 10% of the Sum Assured shall accrue as per the schedule in detail.

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Section	Description
SEC 80 C	Tax deduction up to Rs. 1,50,000 of premiums can be claimed under Section 80C of the Income Tax Act, 1961 for premium payments made towards a term insurance policy.
SEC 10 (10)D	As per Section 10(10D) of the Income Tax Act, 1961, any amount received under a Life Insurance Policy, including bonus is exempt from tax.

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