Securing you
and your loved ones
while you protect ours
by Bharti AXA Life Insurance
“
A salute is not enough
For what you do
There’s much more than that
What we owe you
A medal can’t justify your sacrifice
In scorching deserts
And freezing ice
No trumpets of glory
Can bridge the countless miles
That lie between you
And your loved ones
While you protect ours
A million of you for a billion of us
So we’ll go the distance
For each one of you
And the ones you love
When you are or aren’t around
We’ll do everything
To protect you and your family
From financial worries
For we want to
Protect our protectors
“
“
Our mission:
Your financial security
3
Yoddha is an initiative with the sole aim of providing an
ethical, transparent and cost-efficient platform that
addresses life insurance and the saving needs of the
Indian Armed Forces, CAPF, State Police Forces and
their families.
4
Dear Yoddha,
At Bharti AXA, we believe in ‘Protecting the
Protector,’ because we recognize the value
of your sacrifice. We understand your
unique needs and also the needs of your
dear ones. That’s why we have created a
special plan for the armed forces - one that
covers war and war-like risks and provides
suitable financial solutions that are
customized to your requirements.
We are thankful for each one of you for
choosing to place your trust in us, and we
look forward to delivering the best to you.
Our mission:
Your financial security
Mr. Parag Raja
MD & CEO
5
A look at
Our legacy
Our story began with
2 groups
coming together for a
single mission:
to provide
financial security
for all.
Bharti Enterprises
Diversified conglomerate with business interests in a range
of sectors.
324+ million customers in 18 countries across Asia
and Africa.
Best-in-class partners-SingTel, AXA, Wal-Mart, Del Monte, Sequoia Capital, IBM,
Ericsson, Nokia Siemens, Nortel, Alcatel-Lucent and Cisco.
Bharti AXA Life Insurance
(Source: Brand Trust Report, India Study - 2015 and 2016)
Ranked 3rd on Customer Satisfaction and Loyalty (Source: IMRB research on loyalty among insurance brands)
1 2
[Source: www.axa.com, www.bharti.com, www.airtel.in and www.bharti-axalife.com]
No. 1 Insurance Group in the world. (Source-Interbrand 2017)
Awarded the Best Global Insurance Brand, 10th time
in a row by ‘Interbrand’
61 countries, 110 million customers, A+ S&P rating
AXA
India’s Most Trusted Private Insurance Brand - 2 Years In A Row
7
Our service begins
With You
We put customers
first
in everything we do and go beyond financial
support to
provide dedicated services to Yoddhas
and their dear ones
both on and off the battlefield.
We provide a dedicated
handler to assist and regularly update you throughout the claims process.
First-of-its-kind initiative to provide support to our claimants during difficult times through: Emotional Counselling Financial Planning Legal Counselling
*Services offered by ICAS
Dedicated
Claims
Handler
GRIEF
SUPPORTBHARTI AXA LIFE
8
*Services offered by ICAS
We got
Your Back!
Because we truly
understand
and
serve
every
yoddha’s requirements.
We cover war and war-like risks.
Life insurance with extended cover post-retirement.*
A dedicated sales team from the fraternity that understands your needs.
Dedicated claims settlement department.
As Easy
As It Gets
A claim process
designed
to ensure a
smooth journey
between
you and us.
Minimal documentation - more convenience while catering to the needs of
the
and police personnel.
In cases of any casualty in field locations, initiation of claim processing
based on initial occurrence report and D.O. letter from Commanding
Officer/equivalent.
Faster claim processing with a record for one of the best claim settlement
ratios in the industry.
9
Yoddha
For Yoddha
Our sales team consists of ex-armed forces personnel, among others,
who understand the financial needs of defense and paramilitary
persons and provide suitable financial solutions.
Convenience of renewal payment through ECS, Direct Debit, Branch
Servicing, Net-banking, MPOS and ENACH.
Facility to service your policy through 261 branches and 2 head offices
PAN India in almost all the cantonment areas.
Simplified insurance process to cater to the needs of the Defense
Personnel.
10
Your
Arsenal
While you serve our country,
we serve you
. Offering a
range of
protection plans
that cater to the needs of yoddhas and their loved
ones to
secure
their
financial future.
11
Bharti AXA Life
Guaranteed Income Pro (UIN: 130N101V01)
Snapshot of the Guaranteed Income Pro Plan:
Designed to protect your family’s future to ensure that they lead
their lives comfortably without any financial worries, even in your
absence.
Flexibility to choose from two plan options:
a) Endowment Option – Get lump sum benefit at maturity
Guaranteed Additions from the first year to enhance your savings,
guaranteed addition of 10% of one Annualized premium shall be
accrued from the end of 1st policy year till end of policy term
b) Income Option – Get income during the income payout period.
The following income variants are
i. Immediate Income:
Short Term Income: Get income for an income payout period equal to the premium payment term post completion of Policy Term.
Long Term Income: Get income for an income payout period of 25 or 30 years post completion of Policy Term. At the end of income payout period, all the premiums paid are returned.
ii. Deferred Income:
Get Income for an income payout period of 25 years post completion of Policy Term. In addition, all the premiums paid are returned at the end of income payout period. Deferment period of 5 to 10 years is applicable from the end of premium payment term to end of Policy Term.
Get all your premiums back at the end of the payout period under
Long Term Income and Deferred Income variants
Flexibility to choose Premium Payment Term or Policy Term.
Tax Benefits as per prevailing tax laws.
12
Scenario 1
Siddharth, age 35 years, decides to purchase Bharti AXA Life
Guaranteed Income Pro. He opts for
Endowment option considering
he wants a lump sum benefit at maturity and opts for a policy term
of 24 years and premium payment term of 12 years.
He wants to pay a premium of
`
50,000 for p.a. (exclusive of taxes,
rider premiums, underwriting extra premiums, if any). The Sum
Assured throughout the policy term would be
`
13,81,215.
The below cases illustrate the benefits that Siddarth would receive
in this Endowment option.
HOW DOES THE PLAN WORK?
Case I:
From the 1st policy year, Guaranteed Additions (`5,000) of 10% of one annualized premium would be accrued to at the end of each policy year till the end of the Policy Term. Siddharth pays the Premiums for the entire duration of the Premium Payment term that is, 12 years. At maturity, a lump sum Maturity Benefit is Payable.
Case II:
In case of death of Siddharth during the policy term in the 10th year, the death benefit would be Sum Assured on Death plus the accrued guaranteed additions till the date of death, his family would receive death benefit of `14,26,215 immediately on death.
The above example is for offline illustration purpose only.
Guaranteed additions from 1st year onwards till end of policy term.
Age of LI : 35 years Premium Payment Term : 12 years Accrued Guaranteed Additions: `1,20,000
Total Maturity Benefit :`14,40,000
Sum Assured :`13,81,215 Policy Term: 24 years
Premium
Premium Payment Term: 12 years
Sum Assured on Maturity + Accrued Guaranteed Addition Total Premium Paid (`) 6,00,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
13
Case I:
Siddharth pays the premiums for the entire duration of the Premium Payment Term that is, 12 years. On Survival till end of the policy term, that is 13th policy year and provided all premiums have been paid, income would start from the 14th year till the end of 25th year (this is the income payout period)
Case II (Death during Policy Term):
In case Siddharth dies during the policy term, death benefit equal to sum assured on death would be payable. In the example above, in case of Siddharth's death during the policy term in the 10th year, his family would receive death benefit of `6,25,000 immediately on death.
Case Ill (Death after Policy Term and during Income Payout Period):
In case Siddharth dies after the policy term, his nominee shall continue receiving Income as per Income Payout Frequency and benefit option chosen till the end of the Payout Period. In the example above, in case of Siddharth's death during the 15th year, his nominee shall continue receiving Income of `1,04,650 as was chosen, till the end of the Payout Period. The nominee shall have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.
The above example is for offline illustration purpose only.
Age of LI : 35 years Premium Payment term : 12 years Income (Annual) : `1,04,650
Total Income: `12,55,800 Sum Assured :`6,25,000. Policy Term: 25 years
Scenario 2
Siddharth, age 35 years, decides to purchase Bharti AXA Life Guaranteed
Income Pro for a premium of
`
50,000 p.a. (exclusive of taxes, rider
premiums, underwriting extra premiums, if any). The Sum Assured
throughout the policy term would be
`
6,25,000.
He opts for
Short Term Income option considering he wants income for a
period of 12 years and opts for a policy term of 13 years and premium
payment term of 12 years.
The income payout period would be 12 years and the income would start
from the end of the 14th year till the end of 25th year. The income can be
taken with a frequency of Annual, Semi-Annual, Quarterly, and Monthly.
The below cases illustrate the benefits that Siddarth would receive
in this Short Term Income option.
Premium Annual Income Premium Payment Term: 12 years Income frequency can be chosen at inception of policy.Income of `1,04,650 is paid annually
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 2324 25
Policy term- 25 years
Income Payout Period
14
Scenario 3
Siddharth, age 35 years, decides to purchase Bharti AXA Life
Guaranteed Income Pro for a premium of `50,000 p.a. (exclusive of
taxes). The Sum Assured throughout the policy term would be
`
6,25,000. He opts for Long Term Income option considering he wants
income for a period of 25 years and opts for a policy term of 13
years and premium payment term of 12 years.
The income payout period would be 25 years and the income
would start from the end of the 14th year till the end of 38th year.
The income can be taken with a frequency of Annual, Semi-Annual,
Quarterly, and Monthly.
The below cases illustrate the benefits that Siddarth would receive
in this Long Term Income option.
Case I:
Siddharth pays the premiums for the entire duration of the premium payment term that is, 12 years. On Survival till end of the policy term, that is 13thpolicy year and provided all premiums have been paid, income would start from the 14th year till the end of 38th year. At the end of the income payout period, all the premiums paid (excluding the taxes, rider premiums and underwriting extra premiums, if any) would be returned.
Premium Payment Term: 12 years
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38
Policy term- 38 years
Income of `49,700 is paid annually Income frequency can be chosen at inception of policy.
Income Payout Period
Premium Annual Income Age of LI : 35 years Premium Payment term : 12 years Income (Annual) : `49,700
Total Income: `18,42,500 Return of Premium:`6,00,000 Policy Term: 38 years
Case II (Death during Policy Term):
In case Siddharth dies during the policy term, death benefit equal to sum assured on death would be payable. In the example above, in case of Siddharth's death during the policy term in the 10th year, his family would receive death benefit of `6,25,000 immediately on death.
Case Ill (Death after Policy Term and during Income Payout Period):
In case Siddharth dies after the policy term, his nominee shall continue receiving Income as per Income Payout Frequency and benefit option chosen till the end of the Payout Period. In the example above, in case of Siddharth's death during the 15thyear, his nominee shall continue receiving Income of `49,700 as was chosen, till the end of the Payout Period.
The nominee shall have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.
The above example is for offline illustration purpose only. Total Premium Paid (`) 6,00,000
Return of Premium at End of Income Payout Period
15
Scenario 4
Siddharth, age 35 years, decides to purchase Bharti AXA Life
Guaranteed Income Pro for a premium of `
50,000 p. a. (exclusive of
taxes, rider premiums and underwriting extra premiums, if any).
The Sum Assured throughout the policy term would be `6,25,000.
He opts for Deferred Income option considering he wants income for
a period of 25 years and opts for a policy term of 13 years and
premium payment term of 8 years.
The income payout period would be 25 years and the income
would start from the end of the 14th year till the end of 38th year.
The income can be taken with a frequency of Annual, Semi-Annual,
Quarterly, and Monthly.
The below cases illustrate the benefits that Siddharth would
receive in this Deferred Income option.
Case I:
Siddharth pays the premiums for the entire duration of the premium payment term that is, 8 years. On Survival till end of the policy term, that is 13th policy year and provided all premiums have been paid, income would start from the 14th year till the end of 38th year. At the end of the income payout period, all the premiums paid (excluding the taxes, rider premiums and underwriting extra premiums, if any) would be returned.
Premium Payment Term: 8 years
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38
Policy term- 38 years
Guaranteed Income of `38,000 is paid annually Income frequency can be chosen at inception of policy.
Income Payout Period
Premium Annual Income Age of LI : 35 years Premium Payment term : 8 years Income (Annual): `38,000
Total Income: `13,50,000 Return of Premium: `4,00,000 Policy Term: 38 years
Case II (Death during Policy Term):
In case Siddharth dies during the policy term, death benefit equal to sum assured on death would be payable. In the example above, in case of Siddharth's death during the policy term in the 10th year, his family would receive death benefit of `6,25,000 immediately on death.
Case Ill (Death after Policy Term and during Income Payout Period):
In case Siddharth dies after the policy term, his nominee shall continue receiving Income as per Income Payout Frequency and benefit option chosen till the end of the Payout Period. In the example above, in case of Siddharth's death during the 15th year, his nominee shall continue receiving Income of ` 38,000 as was chosen, till the end of the Payout Period.
The nominee shall have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.
The above example is for offline illustration purpose only. Total Premium Paid (`) 4,00,000
Return of Premium at End of Income Payout Period
16
Bharti AXA Life
Secure Income Plan (UIN: 130N056V05)
Snapshot of the Secure Income Plan:
Receive Guaranteed Monthly Income (Tax-free U/S 10(10D) after the
completion of Premium Payment term until maturity.
Tax benefits as per Sec 80C and 10(10D).
Product Illustration
Age of LI : 30 years Premium Payment term : 10 years Total Guarenteed income : `7,46,547
Total maturity benefit :`14,93,094
Policy Term: 20 years
100000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 200000 300000 400000 `59,724/- p.a.(`4,944 p.m) Stream of guraranteed income
Guaranteed maturity benefit 200% of sum assured `14,93,094
Policy terms
Premium
Premium Payment term
*Monthly Premium are exclusive of Armed Forces Loading, modal factor and taxes. Combination of 5 years and 7 years of premium payment terms are also available with policy terms of 15 years and 17 years respectively
` 15,60,000/-Monthly Premium Paid:
*`10000
Receive Guaranteed Maturity Benefit upto 200% of Sum Assured at
the time of maturity.
Life Insurance cover: Nominee receives death benefit as Sum Assured
or upto 13 times the annual base premium, whichever is higher.
17
Bharti AXA Life
Elite Advantage (UIN: 130N060V05)
Snapshot of the Elite Advantage Plan:
A Comprehensive Savings plan with dual benefits of guaranteed
payouts and maturity benefit.
Receive Guaranteed Payouts upto 9.5% of Sum Assured during the
maturity payout period.
Death Benefit: Get higher of Sum Assured on maturity or 11 times
the base annualized premium or 105% of Premiums paid.
Maturity Benefit: Receive maturity benefit as 100% of Sum Assured
at the time of maturity.
Tax Benefits as per Sec 80C and 10 (10D).
`88,468/- p.a
Stream of guraranteed
payouts post maturity Premium
100000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 200000 300000 400000 500000 600000 `9,31,243 700000 800000 Maturity Benefit:
Policy term- 12 years
*The above graph shows Monthly Premium without loading Modal Factor and taxes for Armed Forces
There are 2 options of policy terms - 10 years and 12 years with premium payment terms of 5 and 7 or 12 years respectively. Provided the policy is in force, Guaranteed Payouts start after the policy term & depends upon Premium payment Term & premium band.
Death benefit during policy term of 12 years`13,20,000
Age of LI Sum Assured PPT Policy Term
30 years male `9,31,243 7 years 12 years*
Monthly Premium Paid: *`10000
19
Your Every
Claim Matters
RFN Gamil Kumar Sherstha, who was one of our policy holders
from 3/9 GR, had taken our policy when he was in Siliguri, after
which his unit moved to Tangdhar (J&K). There, he tragically
died while on duty protecting our nation.
His family was not aware of the policy he had taken from Bharti
AXA Life. Our Manager Mrs Soma Choudhury (AUH), took the
initiative to coordinate with Head Clerk of Unit to find out his
permanent address in Nepal and complete the claim process.
The address of Gamil Kumar Shrestha was a remote area which
was 1200km from Siliguri and with the only mode of
transportation being buses.
It took over 24 hours to reach his address. She personally went
and met his family, consoled them, completed the claim
process and returned to Siliguri. Upon returning, she
coordinated with our HO claim team & settled the claim within
24 hours of the document submission.
Her dedication led to an appreciable job done for both the
claimant as well as Bharti AXA Life. We are very proud to have
employees like Mrs Soma Choudhury who work hard to ensure a
smooth insurance journey for our customers and their families.
20
Your Every
Claim Matters
Naik Gurbaksh Singh from CMP who was posted in Leh took a
policy (Shining Stars) from Yoddha in February 2019, HE opted
for monthly premium of Rs. 5000/- with PPT of 10 years and
Policy Term of 15 Years.
In February 2020, while travelling to Mathura on own car, he
met with an accident and died .
Our Training Manager, Anil Garg, received information about
the death of Naik Gurbaksh Singh and he immediately called
up the family to know the reason of death along with their
residential address. The family of the deceased was staying in
Amritsar. So, he approached UH Amritsar, Mr. Raj Kumar to
visit the home of late Gurbaksh Singh and complete all the
formalities to process the death claim.
The claim was processed and the nominee of the deceased
received Rs. 15,30,000/- as death claim in two instalments.
First, Rs. 785000/- was credited to them immediately and
second instalment of Rs. 785000/- paid on Maturity
We are proud of Mr. Raj Kumar and his team as well as Bharti
AXA Life for this great effort.
21
Your Every
Claim Matters
Naik Sunil Kashyap of 7 JAK RIF was posted in JAK centre,
Jabalpur, took the Elite Advantage policy in the month of
December 2018 for a premium of Rs. 5000/- per month for 7
Years from the Jabalpur team of Bharti AXA Life. The policy
was to mature after 12 years.
Unfortunately, he died in a car accident in January 2021. Our
Jabalpur team while conducting a service camp in the JAK
centre came to know about the incident. Therefore, our SRO
Mr. Om Parkash contacted officials of the centre to know the
exact reason of the death along with the address of nominee of
the deceased.
Family of the deceased was staying in Mandi, Himachal
Pradesh. Mr. Om Parkash personally visited their home at
Mandi and completed all the formalities to process this claim.
This claim was processed in 48 hours and nominee of late Naik
Sunil Kashyap was credited with an amount of Rs. 592900/ as
death claim.
We are proud of Mr. Om Parkash as well as Bharti Axa Life for
this great effort.
Marching
Besides You
Our
extended support
for Yoddhas lasts
throughout
your
journey and beyond.
23
Field Activity by Meerut teamAwareness camp on Financial Planning by Team Gwalior
Plantation by Siliguri Team Launch of Srinagar branch
Beyond Business Participating in Women day at BSF camp
24
During Covid, Sanitizers sponsored by Kolkata Team Financial Awareness Camp at Home Guards, Jabalpur TeamUnit Presentation by Team Hyderabad Presentation by team Jammu
25
J & K RJ HR PB HP UT GJ MP BR SK AS AP NL MN ML TR MZ UP CG TG AP TN OR JH WB MH KA GA KL AmbalaRanjit Avenue, Amritsar Mall Road, Bhatinda 13 Sector, Chandigarh Hathi Barkula, Dehradun Pitampura, Delhi Dwarka, Delhi ITO, Delhi
GS Road, Guwahati City Centre, Gwalior Malviya Marg (AG), Jaipur
K.C Plaza, Jammu Jhansi
Kolkata Kyd Street, Kolkata Mangal Pandey Nagar, Meerut Mount Road, Nagpur
Serawala Gate, Patiala Moledini Road, Pune Pathankot, Punjab Pandri, Raipur
Old Hazaribagh Road, Ranchi 36 Sevoke Road, Siliguri Mathura
26
www.bharti-axalife.comToll-free No.
1800-102-4444 Monday to Saturday 9 am to 7 pm Life insurance coverage is available under this policy.
Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Guaranteed Income Pro 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.
Bharti AXA Life insurance is the name of the company and Bharti AXA Life secure income plan is only the name of the traditional non-participating insurance policy and does not in any way represent or indicate the quality of the policy or its future prospects. Bharti AXA Life insurance is the name of the company and Bharti AXA Life elite advantage is only the name of the traditional, non-participating, savings and protection oriented life insurance policy 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, inclusions, terms and conditions please read the sales brochure carefully before concluding a sale.
Bharti AXA Life Insurance Company Ltd. Regd. Office address: Bharti AXA Life Insurance Company Ltd. (IRDAI Regd. No. 130] Unit No. 1904, 19th Floor, Parinee Crescenzo, 'G' Block, Bandra Kurla Complex, BKC Road, Near MCA Ground, Bandra East, Mumbai - 400051, Maharashtra. CIN: U66010MH2005PLC157108, Advt. No.: II-Mar-2021-2752.
Tax benefits are as per the Income Tax Act, 1961 and are subject to change as per change in tax laws from time to time.
Trade Logos Bharti and AA used in the document belong to the Bharti Enterprises (Holdings) Private Ltd. and AXA SA respectively and are used by Bharti AXA Life under license.
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.
