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Bharti Axa Life Dream Life Pension Plan is a unit linked pension plan without life cover. The premium paid by you, net
of the premium allocation charge, if any are invested in fund(s) of your choice
and units are allocated depending on the unit price of the fund(s). You also have
an option to Increase / decrease your annual premium after two policy years, subject
to a minimum premium of Rs.12,000/-
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Benefits under this policy:
Maturity Benefits : On vesting date the life assured can receive upto 1/3
of the fund value as tax-free lumpsum and the balance used to purchase annuity from
Bharti AXA or any other Insurance company.
Death benefits : Incase of death of the Policyholder, the nominee will get
the fund value Special Additions Units : Special Addition units as a percentage
of fund value will be allocated at the end of every year starting from the end of
the10th Policy year @ 0.10% of the average Policy Fund Value of the preceeding 36
months.
Tax Benefits: Premiums paid are eligible u/s 80CCC.
INVESTMENT FUNDS AVAILABLE :
a) Grow Money Pension Fund.
b) Steady Money Pension Fund.
c) Save ‘n’ Grow Money Pension Fund.
Charges :
Fund Management Charges :
a) Grow Money Pension Fund - 1.50% P.A. b) Steady Money
Pension Fund - 1.00% P.A. c) Save ‘n’ Grow Money Pension
Fund - 1.25% P.A.
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Policy Administration Charges : Rs.30/- per month to be deducted by
cancellation of units.
Premium Allocation Charges : Will be deducted from the premium amount
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Premium Amount
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Yr1
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Yr2
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Yr3
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Yr4-5
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Yr6+
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12000 to 24999
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21%
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10%
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8%
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1%
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0%
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25000 to 49999
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17%
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10%
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8%
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1%
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0%
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50000 & above
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15%
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10%
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8%
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1%
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0%
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Surrender Charges : Applicable after completion of 3 policy yrs & payment
of 3 yrs premium.
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Policy Year
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Charges
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4th year
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8%
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5th year
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5%
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6th year onward
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NIL
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* Service tax and cess on all the charges will be levied, as per the prevailing
rates
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