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BHARTI AXA -- FUTURE CONFIDENT II |
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Future Confident II |
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This is a unit linked life insurance plan from the stable of Bharti Axa Life Insurance Company. |
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Eligibility criteria |
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Entry age: Minimum – 0 years; Maximum – 60 years |
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Maximum age at maturity: 70 years |
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Maximum policy term: 70 years less age at entry |
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Minimum premium: Rs.10,000 for annual; Rs.5,000 for semi-annual; Rs.2,500 for quarterly; and Rs.834 for monthly premium payment modes. |
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Minimum top-up premium: Rs.500 |
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Maximum sum assured: 420 times the monthly premium |
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Sum assured will be calculated as a multiple of the annual premium, depending on the entry age. |
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| Age |
0 – 20 years |
21 – 35 years |
36 – 45 years |
46 – 50 years |
51 – 60 years |
Premium multiple |
35 |
25 |
20 |
15 |
10 |
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For female lives, the applicable multiple will be multiple applicable for 3 years lesser than the actual age. |
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Policy Benefits |
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Death benefit - is equal to the sum assured plus the policy fund value. In case of death of life assured before completing 5 years of age, only the policy fund value will be paid as death benefit. |
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Maturity benefit - The policy fund value will be paid when the life assured attains the age of 70 years, and the policy will then cease to exist. |
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Special additions - Special loyalty units will be added to the policy fund throughout the term of the policy, thus enhancing the long term wealth creation. These will be ranging from 1% to 2.5% of the average policy fund value. |
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Investment choice |
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The investment component under the policy can be invested in one or more of the following funds, so as to suit your financial requirements and objectives, etc: |
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| Fund Type |
Asset allocation |
Risk-Return Potential |
Grow money |
Cash & money market instruments: 0%
Listed equities: 80% to 100% |
High |
Steady money |
Cash + money market instruments: 0% to 20%
Government bonds and securities: 20% to 80%
Corporate bonds: 20% to 80% |
Low |
Protect money |
Cash & money market instruments: 0% to 20%
Government bonds & securities: 0% to 60%
Corporate bonds: 0% to 60% |
Capital protection |
Save 'N' Grow money |
Listed equities: 0% to 60%
Cash & money market instruments: 0% to 20%
Government bonds & securities: 0% to 40%
Corporate bonds: 0% to 50% |
Moderate |
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This plan permits to switch between funds. There is a provision of 4 switches in each policy year and the minimum value of a switch should be Rs.2,500. Any switch beyond 4 switches would be charged Rs.100 per switch. |
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Main charges under the policy |
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Premium allocation charge – is deducted from the regular premium, and ranges from 50% or 38% for 1st year, 15% for 2nd and 3rd year, 7.5% for 4th and 5th year, 3% for 6th to 10th year, to 1.5% for the 11th year. |
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Mortality charge – is deducted monthly by cancellation of units, and as applicable on the sum assured. |
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Policy administration charge – is a fixed charge of Rs.60, deducted every month by cancellation of units. |
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Fund management charge – ranges from 1.00% to 1.50% p.a. depending on the investment fund chosen, and is adjusted in NAV calculation. |
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Top-up premium charge – is the allocation charge of 1.5% on the top-up premium. |
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Riders available |
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Critical illness rider |
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Accident and disability rider |
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