Bharti AXA

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4 Reasons To Buy
Bharti AXA Life Shining Stars:

Inbuilt Waiver
Of Premium

Flexible Payout
Options

Life Insurance Cover
with Policy Term

Choose the Payout Option,
Either at Inception or at Maturity

Key Benefits

Policy Terms &
Premium Payment Terms

The plan offers the choice of multiple policy terms with limited premium payment terms.
Maturity
Benefit

In case the Life Insured survives till Maturity Date and all due premiums have been paid, the Maturity Benefit will be payable to the Policyholder on the date of Maturity.
Flexi Payout
Option

Flexibility to receive Maturity Benefit as a lumpsum amount at the end of any year during the Maturity Payout period.
Death
Benefit

In case of death of the Life Insured during the policy term, provided the policy is in force and all due premiums till the date of death have been paid, the Death Benefit will be payable immediately on death.
Tax Benefits

You may be eligible for tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws.

Plan Details

Let’s take a look at this case study

Anil works in an MNC and is a 35-year-old married man. His family consists of his wife and his 3-year-old son. He wants to start planning for his son and needs a comprehensive child insurance policy to take care of all education related expenses of his son and accumulate enough funds which can be utilized for his child’s marriage or his child’s education plan or any other purposes in future. He also wants to ensure that his family’s needs are taken care of in case of his death.

Anil does not want to be constrained by the payout options that he chooses at the time of inception of the policy, hence, he decides to purchase Bharti AXA Life Shining Stars where he can choose to change the benefit options even at the time of Maturity.

He decides to take a policy term of 15 years for which the premium payment term is 10 years.

He decides to pay a premium of Rs. 50,000 p.a. (exclusive of taxes) for which the Sum Assured is Rs. 7,42,501. He pays the premium for 10 years.

Let us look at the benefits that Anil would receive in the below payout options so as to fulfil his future goals

Flexi Payout Option – When Anil decides to receive Maturity Benefit as a lumpsum so that he can pay for his child’s higher education expenses when his child turns 18 year old.

Benefits Payable	Benefit Amount @ (₹)
Maturity Benefit at the end of 16th Year	7,79,626

Anil may also choose to take the lumpsum at the end of any year during the Maturity Payout period. Maturity Payout period is the period of 4 years starting from Maturity.

Annual Payout Option – When Anil decides to receive annual payouts for 5 consecutive years to support the yearly educational expenses which may occur due to rising inflation or for any other purpose

Benefits Payable	Benefit Amount @ (₹)
Maturity Payout at the end of 15th Year	1,63,350
Maturity Payout at the end of 16th Year	1,63,350
Maturity Payout at the end of 17th Year	1,63,350
Maturity Payout at the end of 18th Year	1,63,350
Maturity Payout at the end of 19th Year	1,63,350
Total Benefit Payable	8,16,751

In case of death of Anil's during the policy term (Let’s say, in the 5th Policy Year)

His family would receive a death benefit of ₹ 7,42,501 immediately.
No further premiums to be paid.
Anil's nominee would also continue to receive the Maturity benefit at the time of Maturity as per the chosen option.

Parameter

Eligibility Criteria

Minimum age at entry

18 years age last birthday for all Policy terms.

Maximum age at entry

60 years age last birthday for all Policy terms.

Maximum Age at Maturity

Policy Term	Premium Payment Term	Maximum Age at Maturity
12 years	7 years	72 years
13 years	8 years	73 years
14 years	9 years	74 years
15 years	10 years	75 years
16 years	11 years	76 years
17 years	12 years	77 years
18 years	13 years	78 years
19 years	14 years	79 years
20 years	15 years	80 years

Policy Term & Premium Payment Term

Policy Term	Premium Payment Term
12 years	7 years
13 years	8 years
14 years	9 years
15 years	10 years
16 years	11 years
17 years	12 years
18 years	13 years
19 years	14 years
20 years	15 years

Minimum Sum Assured (₹)

50,000

Maximum Sum Assured (₹)

No Limit, subject to underwriting

Minimum Premium (₹)

Premium Payment Term	Policy Term	Minimum Annual Premium
7 years	12 years	5,791
8 years	13 years	4,913
9 years	14 years	4,330
10 years	15 years	3,744
11 years	16 years	3,312
12 years	17 years	2,930
13 years	18 years	2,625
14 years	19 years	2,375
15 years	20 years	2,169

Premium Payment Modes

Annual, semi- annual, quarterly* & monthly*

*Through auto pay only

1. Maturity Benefit :

In case the Life Insured survives till Maturity Date and all due premiums have been paid, the Maturity Benefit will be payable to the Policyholder on the date of Maturity. Maturity Benefit is the Sum Assured on Maturity, which is equal to the Sum Assured under the policy and will be paid as lump sum. The Policyholder has the flexibility to choose any one option from the two Maturity Payout Options, as defined below, to receive this Maturity Benefit during the Maturity Payout Period. Maturity Payout period is the period of 4 years from the date of maturity. The choice of the options can be taken either at policy inception or at least 90 days before the date of maturity.

Flexi Payout Option - Flexibility to receive Maturity Benefit as a lumpsum amount at the end of any year during the Maturity Payout period. Depending on the year of payout chosen, the benefit will be determined as Flexi Payout Factor * Sum Assured, where the Flexi Payout Factors are as defined below:

The Guaranteed Maturity Addition is determined as Guaranteed Maturity Addition% X Sum Assured, where the Guaranteed Maturity Addition% varies according to premium bands as below:

Year of Payout	Flexi Payout Factors
One Year after maturity date	105%
Two Years after maturity date	110%
Three Years after maturity date	116%
Four Years after maturity date	122%

Annual Payout Option - Maturity Benefit to be paid as five equal annual payouts at the end of every year during the Maturity Payout period starting from the date of maturity. Each annual payout will be equal to 22% of the Sum Assured.

The policyholder may choose to take the present value of outstanding annual payouts as a lump sum amount. The lump sum shall be calculated as a net present value of outstanding annual payouts at a rate of 5% p.a.

2. Death Benefit:

In case of death of the Life Insured during the policy term, provided the policy is in force and all due premiums till the date of death have been paid, the Death Benefit will be payable immediately on death.

Death Benefit is the Sum Assured on Death, which is the highest of

11 times Annualized Premium*
105% of all premiums paid as on date of death
Absolute amount assured to be paid on death equal to the Sum Assured
Sum Assured on Maturity, equal to the Sum Assured under the policy

*Annualized premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

In addition to the death benefit mentioned above, the policy shall continue after the death of the Life Insured till the end of the Policy Term with no further premiums to be paid and the Maturity Benefit shall continue to be payable to the nominee at the time of Maturity as per the Maturity Payout Option chosen by the Policyholder. The nominee will not have any rights or obligations except to receive the benefits under the Policy.

In case of the death of the life insured during the Maturity Payout Period, the maturity benefit will continue to be paid out to the nominee according to the Maturity Payout Option chosen by the Policyholder.

In case of the death of the life insured during the Grace Period, the death benefit after deducting the unpaid due premium shall be payable. The policy shall continue after the death of the Life Insured till the end of the Policy Term with no further premiums to be paid and the Maturity Benefit shall continue to be payable to the nominee at the time of Maturity as per the Maturity Payout Option chosen by the Policyholder at the time of inception. The nominee will not have any rights or obligations except to receive the benefits under the policy.

In case of the death of the Life Insured while the Policy is in lapse status, no benefit shall be payable and the Policy will terminate.

3. Tax Benefits:

You may be eligible for tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. The tax benefits are subject to change as per the change in tax laws from time to time.

Here Are The Age Wise Premium Rates

Premium Rates - (Males) < INR 20,001
Age\PPT	7 years	8 years	9 years	10 years	11 years	12 years	13 years	14 years	15 years
18	115.82	98.26	86.59	74.88	66.24	58.60	52.50	47.49	43.38
19	115.86	98.29	86.62	74.91	66.27	58.63	52.53	47.52	43.42
20	115.90	98.32	86.64	74.94	66.29	58.66	52.56	47.54	43.45
21	115.93	98.34	86.67	74.96	66.31	58.68	52.58	47.57	43.47
22	115.95	98.36	86.69	74.98	66.33	58.70	52.61	47.59	43.50
23	115.98	98.39	86.70	75.00	66.35	58.72	52.63	47.62	43.53
24	116.00	98.41	86.72	75.02	66.37	58.74	52.65	47.64	43.55
25	116.03	98.44	86.74	75.04	66.40	58.77	52.68	47.68	43.59
26	116.07	98.46	86.77	75.07	66.43	58.80	52.71	47.73	43.63
27	116.12	98.50	86.80	75.10	66.46	58.84	52.76	47.77	43.68
28	116.17	98.54	86.84	75.14	66.51	58.88	52.81	47.83	43.74
29	116.24	98.59	86.89	75.19	66.56	58.94	52.87	47.89	43.81
30	116.32	98.65	86.95	75.25	66.63	59.01	52.94	47.97	43.91
31	116.42	98.73	87.01	75.32	66.71	59.09	53.03	48.06	44.01
32	116.53	98.82	87.10	75.41	66.80	59.19	53.15	48.17	44.13
33	116.66	98.93	87.19	75.51	66.91	59.31	53.27	48.30	44.26
34	116.82	99.06	87.31	75.63	67.03	59.44	53.41	48.46	44.43
35	117.01	99.21	87.44	75.77	67.18	59.59	53.57	48.63	44.61
36	117.23	99.38	87.59	75.93	67.36	59.77	53.75	48.83	44.83
37	117.48	99.58	87.77	76.11	67.55	59.98	53.98	49.05	45.06
38	117.77	99.82	87.98	76.32	67.77	60.21	54.22	49.31	45.34
39	118.11	100.08	88.21	76.57	68.03	60.47	54.50	49.60	45.64
40	118.49	100.39	88.48	76.85	68.31	60.78	54.81	49.94	46.00
41	118.93	100.75	88.79	77.16	68.64	61.12	55.18	50.30	46.39
42	119.44	101.16	89.14	77.52	69.02	61.50	55.57	50.72	46.83
43	120.02	101.63	89.53	77.92	69.44	61.94	56.02	51.18	47.32
44	120.68	102.17	89.98	78.38	69.90	62.41	56.52	51.70	47.85
45	121.42	102.78	90.48	78.88	70.42	62.94	57.06	52.26	48.45
46	122.25	103.45	91.03	79.42	70.99	63.52	57.66	52.88	49.09
47	123.16	104.21	91.71	80.03	71.61	64.15	58.31	53.56	49.80
48	124.17	105.05	92.44	80.67	72.28	64.84	59.00	54.29	50.58
49	125.27	105.96	93.25	81.36	73.00	65.57	59.75	55.07	51.42
50	126.48	106.97	94.14	82.10	73.76	66.35	60.54	55.93	52.34
51	127.78	108.05	95.09	82.87	74.56	67.17	61.41	56.84	53.33
52	129.20	109.23	96.14	83.70	75.42	68.05	62.32	57.82	54.42
53	130.59	110.52	97.27	84.57	76.34	68.98	63.32	58.90	55.65
54	130.97	111.92	98.52	85.48	77.32	69.97	64.38	60.09	57.05
55	131.21	113.48	99.92	86.48	78.37	71.06	65.56	61.42	58.56
56	131.45	113.70	100.12	87.55	79.52	72.24	66.86	62.92	58.71
57	131.68	113.91	100.32	88.72	80.75	73.54	68.31	63.08	58.87
58	131.92	114.13	100.52	90.01	82.13	75.01	68.48	63.24	59.02
59	132.16	114.35	100.72	91.39	82.32	75.18	68.64	63.40	60.02
60	132.59	114.56	100.93	91.61	82.50	75.35	69.60	65.18	62.51

Premium Rates - (Males) 20,001 to < INR 75,001
Age\PPT	7 years	8 years	9 years	10 years	11 years	12 years	13 years	14 years	15 years
18	104.61	88.78	76.20	66.56	58.86	52.52	47.02	42.32	38.52
19	104.64	88.80	76.23	66.59	58.88	52.54	47.05	42.34	38.55
20	104.67	88.83	76.25	66.61	58.90	52.56	47.08	42.36	38.57
21	104.69	88.84	76.27	66.63	58.92	52.58	47.09	42.38	38.59
22	104.71	88.86	76.28	66.64	58.94	52.59	47.11	42.40	38.61
23	104.73	88.87	76.30	66.67	58.96	52.61	47.13	42.42	38.64
24	104.75	88.88	76.31	66.69	58.98	52.63	47.16	42.45	38.67
25	104.77	88.90	76.33	66.71	59.00	52.66	47.18	42.48	38.70
26	104.80	88.92	76.36	66.73	59.02	52.69	47.21	42.51	38.73
27	104.83	88.94	76.38	66.76	59.05	52.72	47.25	42.55	38.77
28	104.87	88.97	76.42	66.79	59.09	52.76	47.30	42.60	38.83
29	104.92	89.01	76.46	66.84	59.14	52.81	47.35	42.66	38.90
30	104.98	89.06	76.51	66.89	59.20	52.87	47.42	42.73	38.97
31	105.05	89.12	76.57	66.95	59.27	52.95	47.49	42.81	39.06
32	105.13	89.18	76.64	67.02	59.35	53.03	47.58	42.91	39.16
33	105.23	89.26	76.72	67.11	59.44	53.14	47.69	43.03	39.28
34	105.35	89.35	76.82	67.21	59.55	53.25	47.82	43.16	39.43
35	105.49	89.45	76.93	67.34	59.67	53.39	47.96	43.30	39.58
36	105.66	89.57	77.06	67.48	59.82	53.54	48.12	43.47	39.77
37	105.84	89.72	77.21	67.63	60.00	53.71	48.30	43.68	39.97
38	106.06	89.88	77.39	67.82	60.19	53.92	48.52	43.89	40.20
39	106.31	90.08	77.59	68.03	60.40	54.15	48.76	44.14	40.47
40	106.60	90.29	77.82	68.27	60.66	54.41	49.02	44.43	40.77
41	106.92	90.53	78.08	68.53	60.94	54.71	49.33	44.75	41.10
42	107.31	90.81	78.37	68.85	61.27	55.04	49.67	45.11	41.47
43	107.74	91.15	78.70	69.18	61.63	55.42	50.06	45.50	41.88
44	108.24	91.54	79.08	69.57	62.03	55.83	50.49	45.94	42.33
45	108.79	91.98	79.49	70.00	62.46	56.28	50.95	46.43	42.82
46	109.41	92.48	79.95	70.47	62.95	56.78	51.46	46.94	43.36
47	110.11	93.01	80.45	70.98	63.48	57.31	52.02	47.52	43.95
48	110.86	93.62	80.99	71.52	64.05	57.89	52.62	48.13	44.59
49	111.69	94.27	81.56	72.11	64.65	58.50	53.26	48.78	45.27
50	112.58	94.99	82.16	72.72	65.29	59.16	53.94	49.48	46.00
51	113.54	95.76	82.80	73.38	65.98	59.86	54.67	50.23	46.80
52	114.57	96.59	83.49	74.08	66.69	60.62	55.45	51.04	47.64
53	115.70	97.49	84.21	74.83	67.46	61.41	56.27	51.90	48.55
54	116.93	98.48	84.97	75.62	68.27	62.26	57.16	52.84	49.54
55	118.27	99.56	85.79	76.46	69.14	63.18	58.13	53.86	50.63
56	119.76	100.78	86.66	77.36	70.10	64.19	59.17	54.97	51.85
57	121.43	102.14	87.61	78.35	71.14	65.28	60.32	56.21	53.20
58	123.34	103.69	88.65	79.43	72.28	66.49	61.60	57.60	54.75
59	125.53	105.48	89.79	80.62	73.54	67.82	63.04	59.17	56.55
60	128.08	107.58	91.10	81.94	74.95	69.30	64.66	60.97	58.57

Premium Rates - (Males) >= INR 75,001
Age\PPT	7 years	8 years	9 years	10 years	11 years	12 years	13 years	14 years	15 years
18	100.85	85.20	73.26	64.63	57.27	51.07	45.81	41.15	37.40
19	100.88	85.23	73.29	64.65	57.29	51.11	45.83	41.18	37.42
20	100.91	85.25	73.31	64.67	57.31	51.13	45.85	41.20	37.45
21	100.93	85.27	73.32	64.69	57.33	51.15	45.87	41.22	37.47
22	100.94	85.28	73.34	64.70	57.35	51.17	45.89	41.24	37.50
23	100.96	85.29	73.35	64.72	57.37	51.18	45.91	41.26	37.52
24	100.98	85.31	73.37	64.74	57.38	51.20	45.93	41.28	37.55
25	101.00	85.32	73.39	64.75	57.40	51.23	45.96	41.31	37.58
26	101.02	85.34	73.41	64.78	57.43	51.25	45.99	41.34	37.61
27	101.05	85.36	73.43	64.80	57.46	51.29	46.02	41.39	37.66
28	101.09	85.40	73.46	64.84	57.50	51.33	46.07	41.43	37.71
29	101.13	85.43	73.50	64.88	57.54	51.38	46.12	41.49	37.77
30	101.19	85.48	73.55	64.93	57.60	51.43	46.18	41.55	37.84
31	101.25	85.53	73.61	64.99	57.66	51.50	46.26	41.64	37.92
32	101.33	85.59	73.67	65.06	57.74	51.59	46.36	41.74	38.03
33	101.42	85.67	73.75	65.15	57.83	51.68	46.46	41.85	38.14
34	101.53	85.75	73.84	65.25	57.95	51.81	46.57	41.97	38.27
35	101.65	85.85	73.95	65.37	58.07	51.93	46.71	42.11	38.44
36	101.80	85.97	74.07	65.50	58.21	52.08	46.87	42.28	38.61
37	101.97	86.10	74.21	65.65	58.37	52.25	47.06	42.47	38.81
38	102.16	86.26	74.38	65.83	58.56	52.46	47.26	42.69	39.04
39	102.39	86.44	74.57	66.04	58.77	52.68	47.49	42.93	39.29
40	102.65	86.65	74.78	66.26	59.01	52.93	47.76	43.21	39.58
41	102.94	86.89	75.03	66.52	59.29	53.22	48.05	43.51	39.90
42	103.29	87.15	75.31	66.83	59.60	53.54	48.39	43.86	40.27
43	103.68	87.46	75.63	67.16	59.96	53.90	48.76	44.24	40.65
44	104.13	87.80	75.99	67.53	60.34	54.30	49.17	44.67	41.09
45	104.63	88.18	76.38	67.94	60.77	54.74	49.62	45.14	41.56
46	105.20	88.60	76.82	68.39	61.23	55.22	50.12	45.64	42.10
47	105.81	89.06	77.29	68.89	61.74	55.74	50.66	46.19	42.66
48	106.49	89.56	77.81	69.42	62.30	56.29	51.24	46.78	43.26
49	107.24	90.08	78.35	69.97	62.88	56.89	51.85	47.42	43.93
50	108.05	90.64	78.93	70.58	63.51	57.53	52.52	48.10	44.63
51	108.92	91.27	79.54	71.21	64.16	58.21	53.23	48.82	45.39
52	109.85	92.00	80.19	71.88	64.86	58.93	53.98	49.60	46.21
53	110.86	92.78	80.86	72.59	65.60	59.70	54.78	50.44	47.08
54	111.96	93.63	81.58	73.35	66.39	60.52	55.64	51.34	48.03
55	113.15	94.58	82.36	74.17	67.23	61.42	56.58	52.31	49.07
56	114.49	95.62	83.19	75.05	68.16	62.38	57.58	53.39	50.23
57	115.98	96.79	84.10	76.00	69.16	63.45	58.70	54.57	51.51
58	117.67	98.13	85.08	77.04	70.27	64.61	59.94	55.90	52.95
59	119.61	99.67	86.17	78.20	71.49	65.90	61.32	57.40	54.61
60	121.86	101.45	87.37	79.46	72.85	67.34	62.87	59.08	56.53

* Rates are per thousand Sum Assured.
* There is a 3 year setback for female lives

For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Shining Stars

Bharti AXA Life Hospi Cash Rider (UIN: 130B007V04): This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.
Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V02): Under this rider, you will receive the additional sum assured, as chosen, in case of unfortunate event of death due to an accident.
Bharti AXA Life Term Rider(UIN: 130B009V02): Under this rider, the policyholder can increase the life insurance coverage for a nominal premium.

E-Brochure Download Brochure Policy Bond

Disclaimer:

Life Insurance Coverage is available under this policy.

Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Shining Stars is only the name of the traditional non-participating life insurance policy and does not in anyway represent or indicate the quality of the policy or its future prospects. (UIN: 130N095V03)

This is not a sales brochure, for more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Riders are optional and available at an extra cost.

Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time.

Beware of Spurious phone calls!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Website Address - www.bharti-axalife.com
Toll Free Number - 1800 102 4444

IRDA Reg. No. 130 dated 14/07/2006 [Life Insurance Business]
CIN-U66010MH2005PLC157108 (ADVT II-Dec-2020-2516)

Secure Payment Gateways

Bharti AXA Life Insurance Company Limited Regd. Address: Unit No. 1904, 19th Floor, Parinee Crescenzo, 'G' Block, Bandra Kurla Complex, BKC Road, Near MCA Club, Bandra East, Mumbai - 400051, Maharashtra.

Trade Logos and used belong to the Bharti Enterprises (Holdings) Private Ltd. and AXA SA respectively and are used by Bharti AXA Life Insurance under license.

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