Bharti Axa Guaranteed Income Pro

Income option:

• Death benefit: Upon the unfortunate demise of the life insured during the policy term, the death benefit will pay among the highest of:

  For single pay:

  • 10 times a single premium.
  • 105% of total premium paid.
  • As per the policy sum assured.

  Limited or regular pay

  • Death Benefit Multiple + times Annualized Premium.
  • 105% of Total Premiums paid.

  As per the policy sum assured

• Maturity benefit: Upon the policy's maturity, all premiums are paid. Bharti AXA Life Guaranteed Income Pro plan gives two options to receive the payout as below:
  • Short income - In this payout, you'll receive the maturity benefit in the form of income payable for a fixed period of 10, 11 or 12 years upon all due payments are paid.

    The income payout period and premium payment terms would be as follows:

    Short term income
    Premium payment term(years)	10	11	12
    Policy term(years)	11	12	13
    Income payout period(years)	10	11	12
    Income payout	Income from 12th year to 21st year in arrears	Income from the 13th year to 24th year in arrears	Income from the 14th year to 25th year in arrears
    Income payout Percentage	Age band 1 (less than 46 years)	AP: 35000 and below	165.80%	173.90%	182.80%
    AP: 35001 and 49,999	171.60%	178.30%	187.80%
    AP: 50,000 and above	188.10%	188.60%	209.30%
    Age band 2 ( more than 46 years)	AP: 35000 and below	161.00%	166.50%	175.50%
    AP: AP: 35001 and 49,999	165.00%	170.70%	181.80%
    AP: 50,000 and above	176.70%	176.10%	197.90%

  • Long-term income - In this payout, you'll receive the maturity benefit in the form of income payable for a fixed period of 25 or 30 years upon all due payments paid.

    The income payout period and premium payment terms would be as follows:

    Long term income
    Premium payment term(years)	5	10	12
    Policy term(years)	6	11	13
    Income payout period(years)	30	25	25
    Income payout	Income from 7th year to 36th year in arrears	Income from the 12th year to 36th year in arrears	Income from the 14th year to 38th year in arrears
    Income payout Percentage	Age band 1 (less than 46 years)	AP: 35000 and below	25.70%	64.50%	82.50%
    AP: 35001 and 49,999	27.30%	71.70%	89.50%
    AP: 50,000 and above	32.10%	91.40%	99.40%
    Age band 2 ( more than 46 years)	AP: 35000 and below	24.90%	61.80%	80.00%
    AP: AP: 35001 and 49,999	165.00%	170.70%	181.80%
    AP: 50,000 and above	176.70%	176.10%	197.90%

• Tax benefit: All the premiums towards this plan, can be used as claiming tax benefits as income tax 1961 for the below sections:

  Sections	Limits
  Section 80C	Up to 1.5 lac
  Section 80D	Up to 50 thousand
  Section 1010D	Up to 2.5 lac