Bharti Axa Bharti Axa

Bharti AXA Life Shining Stars

(UIN:130N095V01)
(ADVT NO. II-JAN-2019-1786)

A Non Linked and Non Participating Limited Pay Endowment Life Insurance Plan. The plan offers the flexibility to choose from multiple premium paying terms and policy terms and allows you to choose the benefit payout options depending on your child's needs.

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4 Reasons to Buy
  • Flexibility in Policy Term/Premium Payment Terms: The product offers the choice of 9 combinations of policy terms and premium payment terms.
  • Flexibility to opt between 2 Maturity Payout Options: Option to choose between 2 Maturity Payout options – a) Flexi Payout Option or b) Annual Payout Option at the time of inception. The Payout option can be modified at the time of Maturity as per the child’s needs. You may also choose to receive the payout at the end of any year during the Maturity Payout period under Flexi Payout Option. Under Annual Payout option, you may choose to take the present value as lumpsum for all outstanding future payouts.
  • Inbuilt Benefit in case of death: This benefit ensures that your child’s needs are taken care of if something unfortunate happens to the parent (Life Insured) during the Policy Term. In such a case, no further premiums to be paid, death benefit is paid and the Maturity Benefit shall continue to be payable to the nominee at the time of Maturity.
  • Tax benefits: You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.

Plan Details

How does the Product work?

Let’s take a look at this case study

Anil works in an MNC and is a 35 year old married man. His family consists of his wife and his 3 year old son. He wants to start planning for his son and needs a comprehensive plan to take care of all education related expenses of his son and accumulate sufficient funds which can be utilized for his child’s marriage or for any other purposes in future. He also wants to ensure that his family’s needs are taken care of in case of his death.

Anil does not want to be constrained by the payout options that he chooses at the time of inception of the policy, hence, he decides to purchase Bharti AXA Life Shining Stars where he can choose to change the benefit options even at the time of Maturity.

He decides to take a policy term of 15 years for which the premium payment term is 10 years.

He decides to pay a premium of Rs. 50,000 p.a. (exclusive of taxes) for which the Sum Assured is Rs. 753,693. He pays the premium for 10 years.

Let us look at the benefits that Anil would receive in the below payout options so as to fulfil his future goals

Flexi Payout Option – When Anil decides to receive Maturity Benefit as a lumpsum so that he can pay for his child’s higher education expenses when his child turns 18 year old.

 

Benefits Payable Benefit Amount @ (₹)
Maturity Benefit at the end of 16th Year 7,91,378

Anil may also choose to take the lumpsum at the end of any year during the Maturity Payout period. Maturity Payout period is the period of 4 years starting from Maturity.

Annual Payout Option – When Anil decides to receive annual payouts for 5 consecutive years to support the yearly educational expenses which may occur due to rising inflation or for any other purpose

Benefits Payable Benefit Amount @ (₹)
Maturity Payout at the end of 15th Year 1,65,812
Maturity Payout at the end of 16th Year 1,65,812
Maturity Payout at the end of 17th Year 1,65,812
Maturity Payout at the end of 18th Year 1,65,812
Maturity Payout at the end of 19th Year 1,65,812
Total Benefit Payable 8,29,060

In case of death of Anil's during the policy term (Let’s say, in the 5th Policy Year)

  • His family would receive a death benefit of ₹ 7,53,693 immediately.
  • No further premiums to be paid.
  • Anil's nominee would also continue to receive the Maturity benefit at the time of Maturity as per the chosen option.
Parameter Eligibility Criteria

Minimum age at entry

18 years age last birthday for all Policy terms.

Maximum age at entry

60 years age last birthday for all Policy terms.

Maximum Age at Maturity

Policy Term

Premium Payment Term

Maximum Age at Maturity

12 years

7 years

72 years

13 years

8 years

73 years

14 years

9 years

74 years

15 years

10 years

75 years

16 years

11 years

76 years

17 years

12 years

77 years

18 years

13 years

78 years

19 years

14 years

79 years

20 years

15 years

80 years

Policy Term & Premium Payment Term

Policy Term

Premium Payment Term

12 years

7 years

13 years

8 years

14 years

9 years

15 years

10 years

16 years

11 years

17 years

12 years

18 years

13 years

19 years

14 years

20 years

15 years

Minimum Sum Assured (₹)

50,000

Maximum Sum Assured (₹)

No Limit, subject to underwriting

Minimum Premium (₹)

Premium Payment Term

Policy Term

Minimum Annual Premium

7 years

12 years

5,791

8 years

13 years

4,913

9 years

14 years

4,330

10 years

15 years

3,689

11 years

16 years

3,263

12 years

17 years

2,887

13 years

18 years

2,586

14 years

19 years

2,340

15 years

20 years

2,112

Premium Payment Modes

Annual, semi- annual, quarterly* & monthly*

*Through auto pay only

1. Maturity Benefit :

In case the Life Insured survives till Maturity Date and all due premiums have been paid, the Maturity Benefit will be payable to the Policyholder on the date of Maturity. Maturity Benefit is the Sum Assured on Maturity, which is equal to the Sum Assured under the policy and will be paid as lump sum. The Policyholder has the flexibility to choose any one option from the two Maturity Payout Options, as defined below, to receive this Maturity Benefit during the Maturity Payout Period. Maturity Payout period is the period of 4 years from the date of maturity. The choice of the options can be taken either at policy inception or at least 90 days before the date of maturity.

Flexi Payout Option - Flexibility to receive Maturity Benefit as a lumpsum amount at the end of any year during the Maturity Payout period. Depending on the year of payout chosen, the benefit will be determined as Flexi Payout Factor * Sum Assured, where the Flexi Payout Factors are as defined below:

The Guaranteed Maturity Addition is determined as Guaranteed Maturity Addition% X Sum Assured, where the Guaranteed Maturity Addition% varies according to premium bands as below:

Year of Payout

Flexi Payout Factors

One Year after maturity date

105%

Two Years after maturity date

110%

Three Years after maturity date

116%

Four Years after maturity date

122%

Annual Payout Option - Maturity Benefit to be paid as five equal annual payouts at the end of every year during the Maturity Payout period starting from the date of maturity. Each annual payout will be equal to 22% of the Sum Assured.

The policyholder may choose to take the present value of outstanding annual payouts as a lump sum amount. The lump sum shall be calculated as a net present value of outstanding annual payouts at a rate of 5% p.a.

2. Death Benefit:

In case of death of the Life Insured during the policy term, provided the policy is in force and all due premiums till the date of death have been paid, the Death Benefit will be payable immediately on death.

Death Benefit is the Sum Assured on Death, which is the highest of

  • 11 times Annualized Premium*
  • 105% of all premiums paid as on date of death
  • Absolute amount assured to be paid on death equal to the Sum Assured
  • Sum Assured on Maturity, equal to the Sum Assured under the policy

*Annualized Premium shall be the premium payable in a year chosen by the Policyholder, excluding the underwriting extra premiums/applicable taxes and loadings for modal premiums, if any.

In addition to the death benefit mentioned above, the policy shall continue after the death of the Life Insured till the end of the Policy Term with no further premiums to be paid and the Maturity Benefit shall continue to be payable to the nominee at the time of Maturity as per the Maturity Payout Option chosen by the Policyholder. The nominee will not have any rights or obligations except to receive the benefits under the Policy.

In case of the death of the life insured during the Maturity Payout Period, the maturity benefit will continue to be paid out to the nominee according to the Maturity Payout Option chosen by the Policyholder.

In case of the death of the life insured during the Grace Period, the death benefit after deducting the unpaid due premium shall be payable. The policy shall continue after the death of the Life Insured till the end of the Policy Term with no further premiums to be paid and the Maturity Benefit shall continue to be payable to the nominee at the time of Maturity as per the Maturity Payout Option chosen by the Policyholder at the time of inception. The nominee will not have any rights or obligations except to receive the benefits under the policy.

In case of the death of the Life Insured while the Policy is in lapse status, no benefit shall be payable and the Policy will terminate.

3. Tax Benefits:

You may be eligible for tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. The tax benefits are subject to change as per the change in tax laws from time to time.

Here Are The Age Wise Premium Rates
For Premiums < INR 20,001
Premium Payment Term 7 years 8 years 9 years 10 years 11 years 12 years 12 years 12 years 12 years
Age\Policy Term 14 years 16 years 18 years 20 years 22 years 24 years 24 years 24 years 24 years

18

115.82

98.26

86.59

73.77

65.26

57.73

51.72

46.79

42.43

19

115.86

98.29

86.62

73.80

65.29

57.76

51.75

46.82

42.46

20

115.90

98.32

86.64

73.83

65.31

57.79

51.78

46.84

42.49

21

115.93

98.34

86.67

73.85

65.33

57.81

51.80

46.87

42.51

22

115.95

98.36

86.69

73.87

65.35

57.83

51.83

46.89

42.54

23

115.98

98.39

86.70

73.89

65.37

57.85

51.85

46.92

42.57

24

116.00

98.41

86.72

73.91

65.39

57.87

51.87

46.94

42.59

25

116.03

98.44

86.74

73.93

65.42

57.90

51.90

46.98

42.63

26

116.07

98.46

86.77

73.96

65.45

57.93

51.93

47.02

42.67

27

116.12

98.50

86.80

73.99

65.48

57.97

51.98

47.06

42.72

28

116.17

98.54

86.84

74.03

65.53

58.01

52.03

47.12

42.78

29

116.24

98.59

86.89

74.08

65.58

58.07

52.09

47.18

42.85

30

116.32

98.65

86.95

74.14

65.65

58.14

52.16

47.26

42.94

31

116.42

98.73

87.01

74.21

65.72

58.22

52.25

47.35

43.04

32

116.53

98.82

87.10

74.30

65.81

58.32

52.36

47.46

43.16

33

116.66

98.93

87.19

74.39

65.92

58.43

52.48

47.59

43.29

34

116.82

99.06

87.31

74.51

66.04

58.56

52.62

47.74

43.45

35

117.01

99.21

87.44

74.65

66.19

58.71

52.78

47.91

43.63

36

117.23

99.38

87.59

74.81

66.36

58.89

52.96

48.11

43.84

37

117.48

99.58

87.77

74.99

66.55

59.09

53.18

48.33

44.07

38

117.77

99.82

87.98

75.19

66.77

59.32

53.42

48.58

44.34

39

118.11

100.08

88.21

75.44

67.02

59.58

53.69

48.87

44.64

40

118.49

100.39

88.48

75.71

67.30

59.88

54.00

49.20

44.99

41

118.93

100.75

88.79

76.02

67.63

60.22

54.36

49.56

45.37

42

119.44

101.16

89.14

76.37

68.00

60.59

54.75

49.97

45.80

43

120.02

101.63

89.53

76.77

68.41

61.02

55.19

50.42

46.28

44

120.68

102.17

89.98

77.22

68.87

61.49

55.68

50.94

46.80

45

121.42

102.78

90.48

77.71

69.38

62.01

56.22

51.49

47.38

46

122.25

103.45

91.03

78.25

69.94

62.58

56.81

52.10

48.01

47

123.16

104.21

91.71

78.85

70.55

63.20

57.45

52.77

48.70

48

124.17

105.05

92.44

79.48

71.21

63.88

58.13

53.49

49.47

49

125.27

105.96

93.25

80.16

71.92

64.60

58.87

54.26

50.29

50

126.48

106.97

94.14

80.89

72.67

65.37

59.65

55.10

51.19

51

127.78

108.05

95.09

81.65

73.46

66.18

60.50

56.00

52.16

52

129.20

109.23

96.14

82.46

74.31

67.04

61.40

56.97

53.22

53

130.59

110.52

97.27

83.32

75.21

67.96

62.38

58.03

54.43

54

130.97

111.92

98.52

84.22

76.18

68.94

63.43

59.20

55.79

55

131.21

113.48

99.92

85.20

77.21

70.01

64.59

60.51

57.27

56

131.45

113.70

100.12

86.26

78.34

71.17

65.87

61.99

57.42

57

131.68

113.91

100.32

87.41

79.56

72.45

67.30

62.15

57.57

58

131.92

114.13

100.52

88.68

80.92

73.90

67.47

62.31

57.72

59

132.16

114.35

100.72

90.04

81.10

74.07

67.63

62.46

58.70

60

132.59

114.56

100.93

90.26

81.28

74.24

68.57

64.22

61.13

For Premiums INR 20,001 to < INR 75,001
Premium Payment Term 7 years 8 years 9 years 10 years 11 years 12 years 12 years 12 years 12 years
Age\Policy Term 14 years 16 years 18 years 20 years 22 years 24 years 24 years 24 years 24 years

18

104.61

88.78

76.20

65.58

57.99

51.74

46.33

41.69

37.67

19

104.64

88.80

76.23

65.61

58.01

51.76

46.35

41.71

37.70

20

104.67

88.83

76.25

65.63

58.03

51.78

46.38

41.73

37.72

21

104.69

88.84

76.27

65.65

58.05

51.80

46.39

41.75

37.74

22

104.71

88.86

76.28

65.66

58.07

51.81

46.41

41.77

37.76

23

104.73

88.87

76.30

65.68

58.09

51.83

46.43

41.79

37.79

24

104.75

88.88

76.31

65.70

58.11

51.85

46.46

41.82

37.82

25

104.77

88.90

76.33

65.72

58.13

51.88

46.48

41.85

37.85

26

104.80

88.92

76.36

65.74

58.15

51.91

46.51

41.88

37.88

27

104.83

88.94

76.38

65.77

58.18

51.94

46.55

41.92

37.92

28

104.87

88.97

76.42

65.80

58.22

51.98

46.60

41.97

37.98

29

104.92

89.01

76.46

65.85

58.27

52.03

46.65

42.03

38.04

30

104.98

89.06

76.51

65.90

58.33

52.09

46.72

42.10

38.11

31

105.05

89.12

76.57

65.96

58.39

52.17

46.79

42.18

38.20

32

105.13

89.18

76.64

66.03

58.47

52.25

46.88

42.28

38.30

33

105.23

89.26

76.72

66.12

58.56

52.35

46.99

42.39

38.42

34

105.35

89.35

76.82

66.22

58.67

52.46

47.11

42.52

38.56

35

105.49

89.45

76.93

66.34

58.79

52.60

47.25

42.66

38.71

36

105.66

89.57

77.06

66.48

58.94

52.75

47.41

42.83

38.89

37

105.84

89.72

77.21

66.63

59.11

52.92

47.59

43.03

39.09

38

106.06

89.88

77.39

66.82

59.30

53.12

47.80

43.24

39.32

39

106.31

90.08

77.59

67.02

59.51

53.35

48.04

43.49

39.58

40

106.60

90.29

77.82

67.26

59.76

53.61

48.30

43.77

39.87

41

106.92

90.53

78.08

67.52

60.04

53.90

48.60

44.09

40.20

42

107.31

90.81

78.37

67.83

60.36

54.23

48.94

44.44

40.56

43

107.74

91.15

78.70

68.16

60.72

54.60

49.32

44.83

40.96

44

108.24

91.54

79.08

68.54

61.11

55.00

49.74

45.26

41.40

45

108.79

91.98

79.49

68.97

61.54

55.45

50.20

45.74

41.88

46

109.41

92.48

79.95

69.43

62.02

55.94

50.70

46.25

42.41

47

110.11

93.01

80.45

69.93

62.54

56.46

51.25

46.82

42.98

48

110.86

93.62

80.99

70.46

63.10

57.03

51.84

47.42

43.61

49

111.69

94.27

81.56

71.04

63.69

57.64

52.47

48.06

44.27

50

112.58

94.99

82.16

71.65

64.33

58.29

53.14

48.75

44.99

51

113.54

95.76

82.80

72.30

65.00

58.98

53.86

49.49

45.77

52

114.57

96.59

83.49

72.99

65.70

59.72

54.63

50.29

46.59

53

115.70

97.49

84.21

73.72

66.46

60.50

55.44

51.13

47.48

54

116.93

98.48

84.97

74.50

67.26

61.34

56.32

52.06

48.45

55

118.27

99.56

85.79

75.33

68.12

62.25

57.27

53.06

49.52

56

119.76

100.78

86.66

76.22

69.06

63.24

58.30

54.16

50.71

57

121.43

102.14

87.61

77.19

70.09

64.32

59.43

55.38

52.03

58

123.34

103.69

88.65

78.26

71.21

65.51

60.69

56.75

53.55

59

125.53

105.48

89.79

79.43

72.45

66.82

62.11

58.30

55.31

60

128.08

107.58

91.10

80.73

73.84

68.28

63.70

60.07

57.28

For Premiums >= INR 75,001
Premium Payment Term 7 years 8 years 9 years 10 years 11 years 12 years 12 years 12 years 12 years
Age\Policy Term 14 years 16 years 18 years 20 years 22 years 24 years 24 years 24 years 24 years

18

100.85

85.20

73.26

63.67

56.42

50.32

45.13

40.54

36.58

19

100.88

85.23

73.29

63.69

56.44

50.35

45.15

40.57

36.60

20

100.91

85.25

73.31

63.71

56.46

50.37

45.17

40.59

36.63

21

100.93

85.27

73.32

63.73

56.48

50.39

45.19

40.61

36.65

22

100.94

85.28

73.34

63.74

56.50

50.41

45.21

40.63

36.67

23

100.96

85.29

73.35

63.76

56.52

50.42

45.23

40.65

36.69

24

100.98

85.31

73.37

63.78

56.53

50.44

45.25

40.67

36.72

25

101.00

85.32

73.39

63.79

56.55

50.47

45.28

40.70

36.75

26

101.02

85.34

73.41

63.82

56.58

50.49

45.31

40.73

36.78

27

101.05

85.36

73.43

63.84

56.61

50.53

45.34

40.78

36.83

28

101.09

85.40

73.46

63.88

56.65

50.57

45.39

40.82

36.88

29

101.13

85.43

73.50

63.92

56.69

50.62

45.44

40.88

36.94

30

101.19

85.48

73.55

63.97

56.75

50.67

45.50

40.94

37.01

31

101.25

85.53

73.61

64.03

56.81

50.74

45.58

41.02

37.09

32

101.33

85.59

73.67

64.10

56.89

50.83

45.67

41.12

37.19

33

101.42

85.67

73.75

64.19

56.98

50.92

45.77

41.23

37.30

34

101.53

85.75

73.84

64.29

57.09

51.04

45.88

41.35

37.43

35

101.65

85.85

73.95

64.40

57.21

51.16

46.02

41.49

37.59

36

101.80

85.97

74.07

64.53

57.35

51.31

46.18

41.66

37.76

37

101.97

86.10

74.21

64.68

57.51

51.48

46.36

41.84

37.96

38

102.16

86.26

74.38

64.86

57.69

51.68

46.56

42.06

38.18

39

102.39

86.44

74.57

65.06

57.90

51.90

46.79

42.30

38.43

40

102.65

86.65

74.78

65.28

58.14

52.15

47.05

42.57

38.71

41

102.94

86.89

75.03

65.54

58.41

52.43

47.34

42.87

39.02

42

103.29

87.15

75.31

65.84

58.72

52.75

47.67

43.21

39.38

43

103.68

87.46

75.63

66.17

59.07

53.10

48.04

43.59

39.76

44

104.13

87.80

75.99

66.53

59.45

53.50

48.44

44.01

40.19

45

104.63

88.18

76.38

66.94

59.87

53.93

48.89

44.47

40.65

46

105.20

88.60

76.82

67.38

60.33

54.40

49.38

44.97

41.17

47

105.81

89.06

77.29

67.87

60.83

54.92

49.91

45.51

41.72

48

106.49

89.56

77.81

68.39

61.38

55.46

50.48

46.09

42.31

49

107.24

90.08

78.35

68.94

61.95

56.05

51.08

46.72

42.96

50

108.05

90.64

78.93

69.54

62.57

56.68

51.74

47.39

43.65

51

108.92

91.27

79.54

70.16

63.21

57.35

52.44

48.10

44.39

52

109.85

92.00

80.19

70.82

63.90

58.06

53.18

48.87

45.19

53

110.86

92.78

80.86

71.52

64.63

58.82

53.97

49.69

46.04

54

111.96

93.63

81.58

72.27

65.41

59.63

54.82

50.58

46.97

55

113.15

94.58

82.36

73.07

66.24

60.51

55.74

51.54

47.99

56

114.49

95.62

83.19

73.94

67.15

61.46

56.73

52.60

49.12

57

115.98

96.79

84.10

74.88

68.14

62.51

57.83

53.76

50.38

58

117.67

98.13

85.08

75.90

69.23

63.66

59.05

55.07

51.78

59

119.61

99.67

86.17

77.04

70.43

64.93

60.41

56.55

53.41

60

121.86

101.45

87.37

78.29

71.77

66.34

61.94

58.21

55.29

  • * Rates are per thousand Sum Assured.
  • * There is a 3 year setback for female lives
For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Shining Stars
  • Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02): ): This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.
  • Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): Under this rider, you will receive the additional sum assured, as chosen, in case of unfortunate event of death due to an accident.
  • Bharti AXA Life Term Rider(UIN: 130B009V01): Under this rider, the policyholder can increase the life insurance coverage for a nominal premium.

Please refer rider brochure for complete details on terms and conditions and exclusions before opting for the rider.