Monthly Income Plan
Bharti AXA Life Insurance Co. Ltd.
Monthly Income Plan
One Pager – Monthly Income Plan
Plan Benefits:
1. Guaranteed Monthly Income which is Tax Free#: You start receiving Guaranteed
Monthly Income after the completion of the premium payment term, until maturity, provided the policy is in force. This income is tax-free#. You have the flexibility to choose the Monthly Income you wish to receive, which decides your premium amount.
#
Subject to the prevailing provisions of section 10(10D) of the Income-tax Act, 1961
2. Family Income Support Benefit: If something unfortunate were to happen to you, your family members will immediately start receiving the Guaranteed Monthly Income for a period equal to Monthly Income Period.
3. Potential Upside through Bonuses: You receive Annual Reversionary Bonus, if declared, on maturity or death. The bonus declaration starts from 4th policy year onwards.
4. Limited pay options
Policy Term
Premium Payment Term
Monthly Income Benefit
Period*
15 Years
7 Years
8 Years
25 Years
10 Years
15 Years
30 Years
15 Years
15 Years
5. Tax benefits for premiums paid and benefits received, are as per the prevailing Tax laws which are subject to changes.
Plan Features:
Parameter
Minimum age at entry
Maximum age at entry
Minimum Monthly Income
Minimum Premium
Policy Term
Premium payment term
Premium Payment Modes
Eligibility Criteria
0 years
65 years o Rs 2000 for 15 year policy term o Rs 1000 for a 25 year policy term o Rs 700 for 30 year policy term o Rs 23000 for 15 year policy term, o Rs 18000 for 25 year policy and o Rs 7500 for 30 year policy term
15, 25 and 30 years
7, 10 and 15 years for 15, 25 and 30 years policy term respectively
Annual, Semi annual, Quarterly* & Monthly*
Sample Illustration:
Life Insured
Monthly Income
Annual Premium (exclusive of any service tax and cess)
*Vested non - guaranteed benefits assuming 10% Gross rate of return
Sameer , Age 30 Years
Monthly Income Plan
One Pager – Monthly Income Plan
Plan Benefits:
1. Guaranteed Monthly Income which is Tax Free#: You start receiving Guaranteed
Monthly Income after the completion of the premium payment term, until maturity, provided the policy is in force. This income is tax-free#. You have the flexibility to choose the Monthly Income you wish to receive, which decides your premium amount.
#
Subject to the prevailing provisions of section 10(10D) of the Income-tax Act, 1961
2. Family Income Support Benefit: If something unfortunate were to happen to you, your family members will immediately start receiving the Guaranteed Monthly Income for a period equal to Monthly Income Period.
3. Potential Upside through Bonuses: You receive Annual Reversionary Bonus, if declared, on maturity or death. The bonus declaration starts from 4th policy year onwards.
4. Limited pay options
Policy Term
Premium Payment Term
Monthly Income Benefit
Period*
15 Years
7 Years
8 Years
25 Years
10 Years
15 Years
30 Years
15 Years
15 Years
5. Tax benefits for premiums paid and benefits received, are as per the prevailing Tax laws which are subject to changes.
Plan Features:
Parameter
Minimum age at entry
Maximum age at entry
Minimum Monthly Income
Minimum Premium
Policy Term
Premium payment term
Premium Payment Modes
Eligibility Criteria
0 years
65 years o Rs 2000 for 15 year policy term o Rs 1000 for a 25 year policy term o Rs 700 for 30 year policy term o Rs 23000 for 15 year policy term, o Rs 18000 for 25 year policy and o Rs 7500 for 30 year policy term
15, 25 and 30 years
7, 10 and 15 years for 15, 25 and 30 years policy term respectively
Annual, Semi annual, Quarterly* & Monthly*
Sample Illustration:
Life Insured
Monthly Income
Annual Premium (exclusive of any service tax and cess)
*Vested non - guaranteed benefits assuming 10% Gross rate of return
Sameer , Age 30 Years