Monthly Income Plan

Topics: Time, Investment, Income tax Pages: 3 (380 words) Published: February 9, 2013
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
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:
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
Rs 3,000...
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