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life insurance

How can I build my savings

for key life stages whileprotecting my loved one?

Bharti AXA Life Bright Stars EdgeA plan that builds your savings and provides your family

with a double benefit of sum assured and fund value release

should something unfortunate were to happen to you.

Higher

Customer

Value

AspernewIRDAguidelines

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a) Life Insurance Benefit:

1

In this policy, the investment risk in the investment portfolio is borne by

the policyholder

b) Family Advantage

c) Tax Benefits

a) Wealth Creation

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b) Maturity Benefit

On Maturity, you will get the Policy Fund Value.

c) Choice of Investment funds

You have a choice of investing your premiums in any or all of the six investment funds,

as per your financial objective.

Investment Objective Asset Allocation Risk-Return

Fund Potential

Growth To provide long-term capital Listed Equities: High

Opportunities appreciation through investing 80% - 100%,

Plus Fund in stocks across all market Cash & Money Market

capitalisation ranges (Large, Instruments: 0% - 40%

Mid or Small)

Grow Money To provide long-term capital Listed Equities: High

Plus Fund appreciation through investing 80% - 100%,

across a diversified high Cash & Money Marketquality equity portfolio Instruments: 0% - 40%

Build India To provide long-term capital Listed Equities: High

Fund appreciation through exposure 80% - 100%,

to equity investments in Corporate Bonds and Bank

Infrastructure and allied sectors, Deposits: 0% - 20%;

and by diversifying investments Cash & Money Market

across various sub-sectors of Instruments: 0% - 20%

the infrastructure sector

Savengrow To provide steady accumulation Listed Equities: 0% - 60%, ModerateMoney of income in medium to long Corporate Bonds and Bank

Fund term by investing in high quality Deposits: 0% - 50%,

debt papers and government Government Bonds and

securities and a limited Securities: 0% - 40%,

opportunity of capital Cash & Money Market

appreciation. This would be more Instruments: 0% - 40%

of a defensively managed fund

Steady Money To provide steady accumulation Corporate Bonds and Bank Low

Fund of income in medium to long Deposits: 20% - 80%,

term by investing in high quality Government Bonds anddebt papers and government Securities: 20% - 80%,

securities Cash & Money Market

Instruments:0% - 40%

Safe Money To provide capital protection Corporate Bonds and Bank Low

Fund through investments in low-risk Deposits: 0% - 60%,

money-market & short-term debt Government Bonds and

instruments with maturity of Securities: 0% - 60%,

1 year or lesser Cash & Money Market

Instruments:0% - 40%

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d. Manage your investments with Switch and Premium Redirection facility

e. Liquidity benefit with partial withdrawal

3

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We will notify you, within 15 days of the expiry of the grace period, stating that, you

can exercise any of the options mentioned above, within 30 days of the date of

receipt of the notification. The Policy will remain in force during this period and all

charges (except Premium Allocation Charge) will be deducted.

If You exercise the option to revive the Policy, by paying all due premiums, then on

this date, all outstanding charges will be deducted and the policy will be revived.

i) Discontinuance of Premium within five Policy years

If you opt to Surrender the Policy or do not exercise any of the options within the

period of 45 days from the end of the Grace period, then the Fund Value net of

applicable Discontinuance Charge shall be credited to the Discontinued Policy

Fund and will be payable at the end of the 5th policy year. The Discontinued

Policy Fund will earn a minimum interest computed at a rate as specified by the

Insurance Regulatory and Development Authority (IRDA)

ii) Discontinuance of premium after five Policy Years

In case you opt to Surrender the policy, the Fund Value shall be payable to you.

What are the applicable charges in this product?

Premium allocation charge

This charge is levied at the time of premium allocation & depends on the policy year.

Policy year Charge as a % of Annual Premium

1 8.00%

2 - 12 5.50%

13+ 0%

Mortality Charge

This charge is applied on the Sum Assured and is deducted proportionately by

cancellation of units on a monthly basis. This charge will remain constant throughout the

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Fund Management Charge

Fund Name Fund Management Charge

5

Policy Administration Charge

Policy Term

10 years 15 years 20 years

Gender

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Discontinuance Charges

value less this charge. The discontinuance charges are applicable on the policy fund

6

Year of Discontinuance charge for Discontinuance charge for

Discontinuance of policies with annual premium policies with annual

premium/ Surrender less than or equal to premium above

Rs 25,000 p.a. Rs 25,000 p.a

Lower of Lower of

1

Lower of Lower of

2

Lower of Lower of

3

Lower of Lower of

4

5 and onwards

Incase of discontinuance of premium or surrender within first five policy years then the

surrender value will be paid only after the completion of five policy years.

Service Tax & cess will be levied on applicable charges as per prevailing rates.

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Product at a glance

Parameter Eligibility Criteria

7

Illustration

IRR (Customer Yield) at maturity 8.04% 4.10%

Sample Benefit Illustration

This illustration does not take into account the impact of Service tax and cess.

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You can avail of the tax benefits on the premiums paid and the benefits received as per the

The tax benefits are subject to change as per change in Tax laws from time to time.

Terms and Conditions

surrender value will be paid out.

2. Free-look option:

If You disagree with any of the terms and conditions of the Policy, You have the option

to return the original Policy Bond along with a letter stating reasons for the objection

accordingly be cancelled and an amount equal to the sum of (Premium Allocation

suicide, within one year of the date of issue of the Policy, the Policy shall be void and

following the intimation of death.

4. The Company also has the right to revise the asset allocation of any investment

fund (s) with prior approval from IRDA

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SECTION 41 OF INSURANCE ACT 1938

any person to take out or renew or continue an insurance in respect of any kind of risk

relating to lives in India, any rebate of the whole or part of the commission payable or

any rebate of the premium shown on the policy nor shall any person taking out or

renewing or continuing a policy accept any rebate except such rebate as may be allowed

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Revision of charges

SECTION 45 OF INSURANCE ACT 1938

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Computation of Unit Price

to day transactions of unit allocations and unit redemptions i.e. the life insurer shall be

required to sell/purchase the assets if unit redemptions/allocations exceed unitallocations/redemptions at the valuation date.

purchase the assets to allocate the units at the valuation date. This shall be the amount

of money that the company should put into the fund in respect of each unit it allocates

in order to preserve the interests of the existing policyholders. The Unit price will be

incurred in the purchase of the assets plus the value of any current assets plus any

accrued income net of fund management charges less the value of any current liabilities

less provisions, if any. This gives the net asset value of the fund. Dividing by the number

price of the fund under consideration.

assets to redeem the units at the valuation date. This shall be the amount of money that

the company should take out of the fund in respect of each unit it cancels in order to

preserve the interests of the continuing policyholders. The Unit price will be computed

the sale of the assets plus the value of any current assets plus any accrued income net

of fund management charges less the value of any current liabilities less provisions, if

any. This gives the net asset value of the fund. Dividing by the number of units existing

under consideration.

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Risks of investment in unit-linked policies

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About Us

Bharti AXA Life Insurance is a joint venture between Bharti, one of Indias leading

business groups with interests in telecom, agri business and retail, and AXA, world

leader in financial protection and wealth management. The joint venture company has a

74% stake from Bharti and 26% stake of AXA.

As we further expand our presence across the country with a large network of

distributors, we continue to provide innovative product and service offerings to cater to

specific insurance and wealth management needs of customers. Whatever your plans in

life, you can be confident that Bharti AXA Life will offer the right financial solutions to

help you achieve them.

Disclaimers

contained in the insurance policy bond. In the event of conflict, if any, between the

terms and conditions contained in this brochure and those contained in the policybond, the terms and conditions contained in the policy bond shall prevail

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Bharti AXA Life Insurance Company Ltd.

Your Bharti AXA Life Advisor

Get in touch with us

1800-102-4444

SMS SERVICE to 56677

Email us: service@bharti-axalife.comVisit us: www.bharti-axalife.com