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Traditional plans, also called Conventional Insurance Plans are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium is not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity or as money back. Traditional Investment Plans have some of the basic features which are mentioned below: These plans are issued for a longer term perspective and money cannot be withdrawn from the plans. In case of stopping the premium payment, the plan becomes paid-up if at least three full years premiums have been paid. A paid-up plan has a reduced Sum Assured and the policyholder has a choice to either run the plan at the reduced coverage or surrender the plan. The plans may be offered as participating or non-participating plans. Participating plans are entitled to participate in the companys profits and earn bonuses which are not true for non-participating plans. The plans may be issued either as Endowment Plans or Money Back Plans

Child plan is relatively a long term product. Such a plan can be taken as soon as one comes to know that one is going to become a parent or the day the child is born. The sooner one takes child insurance, the better it is for the offspring. The benefits of child policies like the LIC child plans accrue over long term, especially when the child needs them the most. A child plan helps to secure the future of the child, whether boy or girl. This type of life insurance assists in fulfilling the needs and dreams of the child at the right time so that they can lead a life of their choice. A LIC child plan offers several advantages to the child and family as a whole. The important ones are discussed below: Supports Childs School Fees A child plan can help pay the childs school fees. In the event that the parent is no more, the insurance company immediately pays a certain percentage of the sum assured like say 10%. It will also begin periodic annual pay-outs to the tune of 10% or so of the sum assured till the end of the policy term. These pay-outs help to comfortably take care of the school fees in the absence of the breadwinner parent. Assists Childs Extra Curricular Interests LIC child plans, by way of partial withdrawals also assist in nurturing a childs talents and extracurricular interests. Singing, painting, dancing, sports and other such talents can be developing with the help of funds from partial withdrawals from a child plan. In fact some plans disburse periodic amounts to meet expenses incurred on such activities. Helps Fund Higher Education The cost of education is rising consistently. Coupled with inflation, college and higher education fee can become a burden on the family. If a parent plans well and takes a child plan when the child is small, the money back under an LIC child plan can be planned to coincide with the childs higher educational requirements. That way the child will be able to pursue a career of his/her choice even if the parent expires during the interim period. Such an unfortunate circumstance does not terminate the plan. The insurance company pays remaining future premiums and allows the plan to continue such that money back is paid as promised. The child can comfortably pursue professional courses like engineering, medicine, law, chartered accountancy, architecture, commerce, arts, etc. He or she may even go abroad for further studies. One does not have to resort to loans to pay for cost of higher education. Helps Finance Childs Wedding Child plans are a great way for the parent to fulfil their responsibility of their childs wedding. One may plan in a way that a lump sum amount is available when the child becomes of marriageable age. That way the parents dream of a perfect wedding comes true without them having to worry about the finances. Avoids Capital Erosion Market volatility may lead to capital erosion. Dynamic Fund Allocation and Systematic Transfer Plan (STP) offered under child plans help make the best of the invested amount during different life stages. Dynamic Fund Allocation balances equity and debt exposure in the portfolio by automatic allocation of fund value as per predetermined percentages – higher allocation to equities in the initial policy years for generating potentially higher returns, and later, higher allocation to debt as the policy nears maturity to protect the maturity value. Systematic Transfer Plan or Systematic Fund Transfer automatically switches a pre-defined amount to another fund to make the best of market volatility. You may also like to read :Best 5 LIC Policies To Invest in 2018

Bharti AXA Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits. Bharti AXA Life Samriddhi:- A participating endowment plan which offers the following features. Offers non-guaranteed bonuses at the time of maturity or death. In case of death, Basic life insurance cover along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is given to the nominee of the plan In case of death, higher of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death. On maturity, the Sum Assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is paid to the policyholder. Offers flexible premium payment terms in the form of limited premium payment term, whereby, the premium has to be paid for 5 or 12 years, along with a policy term of 10 or 20 years; and a regular premium payment term, whereby, the premium can be paid for 10, 15, 20, 25, 30 and 35 years. Tax benefit is available on the premium paid and the claim received. The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Ac Eligibility Details: Bharti AXA Life Elite Advantage Plan: – A comprehensive insurance plan offering the following benefits: On maturity, the Sum Assured along with guaranteed payouts up to 8.50% to 9.50% is paid to the policyholder. In case of death, higher of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death. Offers a flexible premium payment of 5, 7 and 12 years. Tax benefit is available on the premium paid and the claim received. The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act. Eligibility Details: Bharti AXA Life AajeevanSampatti +: – A traditional Endowment plan which has the following features: Guaranteed Additions accrue under the plan for each completed policy year which depends up on the policy tenure. The rate of these additions is 5.5% of the Sum Assured for policy tenure up to 100 years and 6% of the Sum Assured for policy tenure up to 85 years. In case of death, higher of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death. On maturity, the Sum Assured is paid to the policyholder. Tax benefit is available on the premium paid and the claim received. The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act. Eligibility Details: Bharti AXA Life Monthly Income Plan+: – A plan with the following benefits: Offers regular monthly income post completion of the premium payment term. On maturity or death, the Sum Assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is paid to the policyholder or to the nominee of the plan. In case of death of the plan buyer, a certain percentage of monthly payout in addition to the payouts being made prior to the death is given to the nominee. The percentage of the payout depends upon the term of the policy chosen. Offers additional premium discounts in case of high regular income option. Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits. Eligibility: Bharti AXA Life Secure Income Plan:- This plan has the following features: Offers guaranteed monthly income along with sum assured and guaranteed additions at the time of maturity. The monthly income to be earned is tax free and is issued @8% of the sum assured for a period of 10 years. Guaranteed Additions accrue under the plan for each completed policy year which depends up on the policy tenure. The rate of these additions is 7% of the Sum Assured for policy tenure of 15 years, 8.5% of the Sum Assured for policy tenure of 17 years and 10% of the Sum Assured for policy tenure of 20 years. In case of death of the plan buyer, a certain percentage of monthly payout in addition to the payouts being made prior to the death is given to the nominee. The percentage of the payout depends upon the term of the policy chosen. Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits. Eligibility: Bharti AXA Life Flexi Save Plan:- An insurance plan with the following benefits: Allows for withdrawals of savings before maturity. Offers non-guaranteed simple reversionary bonuses at the time of maturity or death. In case of death, higher of the Sum assured or a multiple of the annual premium is paid including the non-guaranteed accrued bonuses and terminal bonuses, if any subject to a minimum of 105% of all premiums paid till the date of death is paid. Offers guaranteed monthly income along with sum assured and guaranteed additions at the time of maturity. Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits. Eligibility: Bharti AXA Life Secure Savings Plan: – A plan offering the following benefits: Offers guaranteed sum assured and guaranteed additions at the time of maturity. In case of death, higher of the Sum assured or 10 times of the annual premium is paid including the non-guaranteed accrued bonuses and terminal bonuses, if any subject to a minimum of 105% of all premiums paidtill the date of death along with guaranteed additions amounting up to 10% of the sum assured is paid. Tax benefit is available on the premium paid and the claim received. The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act. Eligibility: Bharti AXA Life Invest Once Plan: – An plan with the following features: Guaranteed Additions accrue under the plan for each completed policy year which depends up on the policy tenure. The rate of these additions is 7% of the Sum Assured for policy tenure of 5 years and 9% of the Sum Assured for policy tenure of 10 years. Offers a flexibility of two policy terms of 5 and 10 years to choose from. Offers enhanced life coverage at additional premium. In case of death, higher of the Sum assured chosen by the policy holder or sum assured on maturity or 125% or 110% of single premium plus mortality of the sum assured is paid. Offers guaranteed sum assured along with guaranteed total additions at the time of maturity. Eligibility: Bharti AXA Life Child Advantage Plan: – An insurance plan with the following offerings: Offers moneyback as well as endowment options. In case of death of the plan buyer, future premiums are waived off. In case of death, higher of the 110% of the sum assured for money back options and 125% of the sum assured for endowment options or 11 times of the annual premium is paid including the guaranteed benefits, if any subject to a minimum of 105% of all premiums paid till the date of death. Offersnon-guaranteedsimple reversionary bonus along with guaranteed additions at the time of maturity. Can be availed as a limited pay option or regular pay option.

Bharti AXA life Insurance is a joint venture undertaken by Bharti enterprises, a group having diversified businesses in the fields of telecom, agricultural business, financial services and retail and Axa group, headquartered at Paris with a stake of 74:26 respectively. Having launched in December 2006 Bharti Axa Life through its variety of insurance products and world class service has proved to be a leading insurance player in the country.