Highlights of Bharti AXA Shining Star

Inbuilt Waiver
Of Premium

Life Insurance Cover
with Policy Term

Choose the Payout Option,
Either at Inception or at Maturity

Key Benefits

24 hours claim settlement^#

Tax benefit

Death benefit + Maturity benefit

Flexi premium payment + policy term

Get 3 additional riders for added protection

Flexi Revival of your lapsed policy

Plan Details

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.

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:

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.

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.

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.

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.

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’s all you need to know about this plan

Eligibility
Riders

Plan at a Glance

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*

Lorem Ipsum

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

Rider	UIN	Scope of benefits
Bharti AXA Life Hospi Cash Rider	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	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	130B009V02	Under this rider, the policyholder can increase the life insurance coverage for a nominal premium.

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 non-linked, non-participating individual life insurance savings plan and does not in any way represent or indicate the quality of the policy or its future prospects.
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.
Bharti AXA Life Hospi Cash Rider (UIN: 130B007V04) is the name of the traditional non-participating rider and does not in any way represent or indicate the quality of the Rider or its future prospects.
Bharti AXA Life Accidental Death Benet Rider (UIN: 130B008V02) is the name of the traditional non-participating rider and does not in any way represent or indicate the quality of the Rider or its future prospects.
Bharti AXA Life Term Rider (UIN: 130B009V02): Under this rider, the policyholder can increase the life insurance coverage for a nominal premium.
Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made there to from time to time.
^Claim Settlement Ratio, As per annual audited figures submitted to IRDAI for individual death claims for FY 2020-21
^#Applicable for death claims under retail business. The policy/ policies have to be active for 3 continuous years. All mandatory documents have to be submitted at your preferred branch before 3 PM on a working day. Day 1 would be counted from the day on which all pending documents have been received. The total claim amount of all the policies should be less than or equal to Rs. 50 Lakhs. The claims guarantee program is applicable only for non- investigative death claims. The guarantee is not applicable for the claims received during the first 6 days of the month.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITOUS/FRAUDULENT OFFERS!

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.bhartiaxa.com

Toll Free Number
1800 102 4444

IRDA Reg. No. 130 dated 14/07/2006 [Life Insurance Business]
CIN-U66010MH2005PLC157108 | ADVT II-Aug-2021-3084 | UIN: 130N095V03

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.
For further details on risk factors, policy exclusions, terms and conditions, please read the sales brochure carefully before concluding a sale.

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.