Bharti AXA Life eFuture Invest Plan

Age at entry, Minimum

18 years

Age at entry, Maximum

60 years

Maximum Maturity Age

70 years

Plan type

An online, unit-linked, endowment plan

Plan basis

Individual

Premium paying terms

5 years and single pay

Policy term

10 years

Premium payment Mode

Yearly, Half-yearly, Quarterly and Monthly

Where, Quarterly and Monthly payments can only be made through ECS

Grace period

30 days from the expected date of payment of premium (for yearly, half-yearly and quarterly modes)

15 days from the expected date of premium payment for monthly mode

Free Look Period

15 days from the date of availing the policy

Policy revival

Revival of policy can be done if the pending premium amount is paid off within 2 years from the date of inception of policy

Nomination

Nomination facility is available under section 39 of the Insurance Act, 1938

Sum Assured

Sum assured depends upon the premium payment option availed.

• Single Pay Option

125% of single premium

• 5 year payment term

Higher of 10 times the annual premium or (0.5* Policy Term* annualized premium)

Policy coverage

.

Death Benefits: In case of death of the policyholder, higher of the three listed below is paid to the beneficiary:

1. Sum assured applicable

2. 105% of all premiums paid

3. Policy Fund Value at that point in time

Maturity Benefits:

Maturity benefit depends upon the policy fund value at the time of maturity. One out of the following three options can be chosen by policyholders as maturity benefit.

1. Lump-sum amount of the policy fund value at that point in time
2. Withdrawal of policy fund value at regular intervals as chosen by the policyholder at the time of policy inception
3. A combination of the above two options

Discontinuation of premium

Any discontinuation needs to be communicated to Bharti AXA and decision regarding surrender or revival of policy needs to be made within 2 years from the inception of policy

Surrender of Policy

Two conditions arise:

1. Surrender the policy after completion of lock-in period: Current fund value is paid out to policyholder

2. Surrender the policy before completion of lock-in period: Current fund value less discontinuance charges are paid out to policyholder

Charges Applicable

1. Premium Allocation Charges: Nil
2. Mortality Charges: Depends on entry age and sum assured
3. Discontinuance Charges: Depends on fund value and premium payment term
4. Fund Management Charges: Depends upon the type of fund availed out of the 6 available options

5. Policy Administration Charges:

Fund Name

Objective

Asset Allocation

Risk-Return Profile

Growth Opportunities Plus Fund

Investment across all market size stocks, large, mid and small in order to diversify and achieve long-term capital appreciation. It is a high-risk, high-return fund option.

Equities: 80% - 100%, Cash & Money Market Instruments: 0% - 40%

High

Grow Money Plus Fund

This investment fund too invests in companies across all sectors and sizes. This fund is suitable for policyholders with a high risk appetite and for those who are looking to reap greater benefits.

Equities: 80% - 100%, Cash & Money Market Instruments: 0% - 40%

High

Build India Fund

Majorly invests in infrastructure stocks and aims to provide long-term capital appreciation.

Equities: 80% - 100%; Corporate Bonds and Bank deposits: 0% to 20%; Cash & Money Market Instruments: 0% -20%

High