Bharti AXA Life True Wealth | Features

Double Guarantee: Highest daily NAV achieved during the Tracking Period of the “True Wealth Fund” is payable at maturity subject to a minimum NAV Guarantee of Rs 12!!

You want a plan that guarantees you higher savings and limits your downside
You want a plan that offers limited paying term

Features –

360 degree protection to your loved ones through comprehensive protection in case of death Option to make partial withdrawals from the fund anytime after 5 policy years.

On Death In case of unlucky event of death of the life insured during the Policy benefit period, the death benefit payable will be as per the option chosen by you;

Death Benefit Option	Death Benefit
Option A	Sum Assured + Fund Value
Option B	Higher of, Sum assured (net of partial withdrawals, made on regular premiums in 12 months prior to death of the life insured) OR the Policy Fund Value at that point in time is payable

Death Benefit Option B is only available for premiums Rs 100,000 and above

The Sum Assured will be as per the schedule given below –

Age at entry	Sum Assured as a multiple of annual premium
8-44	10
45-60	7

At maturity:

The maturity benefit applicable to you will be the Number of Units in your policy at maturity multiplied by the highest of:

NAV at maturity; OR
Highest NAV achieved in the tracking period; OR
NAV of Rs 12

Tracking Period is a period of 7 years from the date of launch of the True Wealth Fund series as applicable to you.

Tax Benefits –

You receive tax benefits for premiums paid and benefits received as per prevailing tax laws under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Mortality Rates -

Age at entry	Mortality charge (per ‘000 SAR)	Age at entry	Mortality charge (per ‘000 SAR)	Age at entry	Mortality charge (per ‘000 SAR)	Age at entry	Mortality charge (per ‘000 SAR)
8	0.48	24	1.35	40	2.58	56	11.84
9	0.47	25	1.37	41	2.80	57	12.79
10	0.50	26	1.38	42	3.01	58	13.79
11	0.59	27	1.40	43	3.26	59	15.01
12	0.71	28	1.40	44	3.57	60	16.48
13	0.82	29	1.40	45	3.93	61	18.18
14	0.89	30	1.40	46	4.35	62	20.11
15	0.96	31	1.42	47	4.84	63	22.28
16	1.02	32	1.47	48	5.38	64	24.68
17	1.08	33	1.53	49	5.98	65	26.60
18	1.13	34	1.62	50	6.64	66	29.00
19	1.18	35	1.72	51	7.36	67	32.66
20	1.22	36	1.85	52	8.14	68	36.72
21	1.26	37	1.99	53	8.97	69	41.20
22	1.29	38	2.15	54	9.87	70	46.15
23	1.32	39	2.35	55	10.83

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Tags: bharti axa life insurance, Bharti AXA Life True Wealth