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life

lifeinsurance
insurance

i need to pay upfront charges


from my premium
a plan that guarantees
return of first year
premium

Bharti AXA
Bharti AXA Life
Life
MeritPlus
Merit Plus EDGE
EDGE
s

s e
A

pe lin
r ne ide
w IRDA gu
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
What is Bharti AXA Life Merit Plus EDGE?
At Bharti AXA Life Insurance, we understand the worth of your hard earned money, and that's
why; we don't want you to part with it, even if it's borne by you as premium allocation charges.
With Bharti AXA Life's unit-linked insurance policy Merit Plus EDGE, you get Guaranteed
Additions, which gives back 100% of the First Year's Premium, and more, as additional
interest. Hence this product is suitable for your long-term objectives like planning for your
retirement or your children's future while giving total protection to you and your family.
Coupled with the trust of life cover, wealth creation and freedom of withdrawing part of the
money during critical stages of your life, Merit Plus EDGE is worth every drop of sweat you
spent earning that money.
What are your advantages with Bharti AXA Life Merit Plus EDGE?
UÊÊvˆ˜>˜Vˆ>Ê܏Ṏœ˜Ê̅>ÌÊ«ÀœÛˆ`iÃÊVœ“«Ài…i˜ÃˆÛiÊ«ÀœÌiV̈œ˜Ê̜ÊޜÕÊ>˜`ÊޜÕÀÊv>“ˆÞ°
UÊ-ՓÊÃÃÕÀi`Ê>Ãʅˆ}…Ê>ÃÊ£xÊ̈“iÃʜvÊ>˜˜Õ>ˆâi`Ê«Ài“ˆÕ“Ê`i«i˜`ˆ˜}ʜ˜ÊޜÕÀÊ>}iÊ>ÌÊi˜ÌÀÞ°Ê
UÊ"«Ìˆœ˜Ê̜ÊV…œœÃiʏˆviʘÃÕÀ>˜ViÊ i˜ivˆÌÊ>Ã\Ê
(a) Higher of Sum Assured or Fund Value
(b) Sum Assured PLUS Fund Value
UÊÕ>À>˜Ìii`Ê>``ˆÌˆœ˜Ã]Ê܅ˆV…ÊÀiÌÕÀ˜ÃʓœÀiÊ̅>˜Ê>Ê̅iÊ>œV>̈œ˜ÊV…>À}iÃÊ«>ˆ`ÊLÞÊޜÕ\
(a) Get sum of premium allocation charges, which is equal to 100% of your first year
«Ài“ˆÕ“ʈ˜Ê̅iÊ£x̅ʫœˆVÞÊÞi>À]Ê>˜`
(b) Get 4% simple interest per annum on Premium Allocation Charges in the 20th Policy
year = 76% of first year premium.
UÊ-«iVˆ>Ê >``ˆÌˆœ˜ÃÊ œvÊ Î¯Ê œvÊ ÛiÀ>}iÊ *œˆVÞÊ ՘`Ê 6>ÕiÊ ÃÌ>À̈˜}ÊvÀœ“ÊÓx̅Ê*œˆVÞÊ9i>ÀÊ>˜`Ê
iÛiÀÞÊx̅ÊÞi>ÀÊ̅iÀi>vÌiÀ
UÊ"«Ìˆœ˜Ê̜Ê>Û>ˆÊi˜…>˜Vi`Ê«ÀœÌiV̈œ˜Ê̅ÀœÕ}…ÊÀˆ`iÀÃ
UÊ"«Ìˆœ˜Ê̜ÊV…œœÃiÊvÀœ“ÊÈÝʈ˜ÛiÃ̓i˜ÌÊv՘`ʜ«Ìˆœ˜Ã
UÊ1˜“>ÌV…i`Êvi݈LˆˆÌˆiÃÊ̅ÀœÕ}…Ê«>À̈>Ê܈̅`À>Ü>]Ê>``ˆÌˆœ˜>Êˆ˜ÛiÃ̓i˜ÌÃÊ̅ÀœÕ}…Ê/œ«‡Õ«]Ê
switching between the investment funds and many more options
UÊ/>ÝÊLi˜ivˆÌÃÊvœÀÊ«Ài“ˆÕ“ÃÊ«>ˆ`Ê>˜`ÊLi˜ivˆÌÃÊÀiViˆÛi`]Ê>ÃÊ«iÀÊ̅iÊ«ÀiÛ>ˆˆ˜}ÊÌ>Ýʏ>ÜÃ
How does Bharti AXA Life Merit Plus EDGE work for you?
As a customer you will have the liberty
UÊ/œÊV…œœÃiÊޜÕÀÊ«Ài“ˆÕ“Ê>“œÕ˜Ì
UÊ i>̅ÊLi˜ivˆÌʜ«Ìˆœ˜Ê\Ê"«Ìˆœ˜ÊÉ"«Ìˆœ˜Ê
UÊ/œÊV…œœÃiÊv՘`ʓˆÝʜÕÌʜvÊÈÝÊv՘`ʜ«Ìˆœ˜Ã
The premium you pay would be invested, net of Premium Allocation Charges, in fund or mix of
available funds of your choice and units are allocated depending on the price of units for the
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Benefits of Bharti AXA Life Merit Plus EDGE
Life insurance benefits:
Bharti AXA Life Merit Plus EDGE offers you the choice of life insurance benefits which are as
follows:
2. Death Benefit–Option B
The sum of Sum Assured and the Policy Fund Value as on the date of intimation of death will
be paid.
9œÕÊV>˜ÊV…œœÃiÊ>˜Þʜ˜iʜÕÌʜvÊ>LœÛiÊÌܜʜ«Ìˆœ˜Ãʜ˜ÞÊ>Ìʈ˜Vi«Ìˆœ˜°Ê"˜Viʜ«Ìi`]Ê̅iÊ`i>̅Ê
benefit cannot be changed during the term of the Policy.
Irrespective of the death benefit option chosen, if the life assured, at the time of death, is less
̅>˜ÊxÊÞi>ÀÃ]Ê̅iÊ`i>̅ÊLi˜ivˆÌʈ˜ÊLœÌ…Ê̅iÊ>LœÛiÊV>ÃiÃÊ܈ÊLiÊÀiÃÌÀˆVÌi`Ê̜Ê*œˆVÞÊ՘`Ê6>Õi°
Sum Assured under the product is dependent on the age of the life assured at entry, which is
as follows:

Age at entry (years) Sum Assured (Multiple of Annual Premium)


0 to 20 10
Ó£Ê̜ÊÎxÊ £xÊ
ÎÈÊ̜ÊxxÊ £äÊ
xÈÊ̜ÊÈäÊ ÊÊx

Example: Suppose your age at the time of buying Bharti AXA Life Merit Plus EDGE is 36 years
and the annual premium that you decide to invest is Rs.20, 000. Then the Sum Assured
would be Rs. 20,000 x 10 = Rs. 2,00,000.

Maturity Benefit:
On maturity, your Policy Fund Value as on that date is paid to you and the Policy ceases to exist.

Extended Maturity Benefit with Settlement Option:


9œÕÊ “>ÞÊ Ü>˜ÌÊ ÌœÊ Ì>ŽiÊ >`Û>˜Ì>}iÊ œvÊ …>ÀÌˆÊ 8Ê ˆvi½ÃÊ v՘`Ê “>˜>}i“i˜ÌÊ iÝ«iÀ̈ÃiÊ iÛi˜Ê >vÌiÀÊ
“>ÌÕÀˆÌÞʜvÊޜÕÀÊ*œˆVÞ°Ê9œÕÊV>˜Ê>Û>ˆÊ>˜ÞʜvÊ̅iÊvœœÜˆ˜}ʜ«Ìˆœ˜ÃÊ>Ìʓ>ÌÕÀˆÌÞ\
I. Take entire maturity proceeds as lump sum payment on maturity; or
Ê °ÊÊ />ŽiÊ Ì…iÊ “>ÌÕÀˆÌÞÊ «ÀœVii`ÃÊ >ÌÊ Ài}Տ>ÀÊ ˆ˜ÌiÀÛ>ÃÊ ˆ˜Ê ˆ˜ÃÌ>“i˜ÌÃÊ œÛiÀÊ xÊ Þi>ÀÃÊ >vÌiÀÊ Ì…iÊ
maturity date (extended maturity period). The value payable at such intervals will be
calculated at the unit price as on the relevant date.
III. A combination of the above mentioned two options.
At any time during the extended maturity period, you have an option to withdraw the balance
available Policy Fund Value as on that date. However, you will not be entitled to life insurance
Li˜ivˆÌʜÀÊ«>À̈>Ê܈̅`À>Ü>ÃÊÉÊÃ܈ÌV…iÃÊLiÌÜii˜Êˆ˜ÛiÃ̓i˜ÌÊv՘`ÃʜÀÊ/œ«‡1«ÃÊ`ÕÀˆ˜}Ê̅ˆÃÊ«iÀˆœ`°Ê
Please note that during the extended maturity period, the investment risk in the investment
portfolio continues to be borne by the Policyholder.

Comprehensive overall protection benefits with “Protection Enhancers”:


In addition to life insurance benefit, Bharti AXA Life Merit Plus EDGE offers you Protection
˜…>˜ViÀÃÊ ˆ˜Ê ̅iÊ vœÀ“Ê œvÊ >``ˆÌˆœ˜>Ê Àˆ`iÀÃ°Ê 9œÕÊ V>˜Ê V…œœÃiÊ Ì…iÃiÊ Àˆ`iÀÃÊ ÌœÊ «ÀœÛˆ`iÊ
comprehensive protection against events such as accidental death, critical illness, etc., to
your loved ones, by paying nominal additional premium.
Please ask our advisor to show you the rider brochure for details of applicable terms and
conditions.
Guaranteed Additions:
Bharti AXA Life Merit Plus EDGE returns back all the Premium Allocation Charges paid by you.
What’s more you will also earn an interest on the Premium Allocation Charges that you have
paid. Here’s the schedule of the Guaranteed Additions added to your fund value, by crediting
additional units to your investment fund:
At the end of Policy Year Guaranteed Addition
£xÊ -ՓʜvÊ*Ài“ˆÕ“ʏœV>̈œ˜Ê
…>À}iÃÊ
20 4% simple interest per annum on Premium
Allocation Charges, from the due date of
deduction of Premium Allocation Charge
Õ>À>˜Ìii`Ê``ˆÌˆœ˜ÃÊ܈ÊLiÊ>Û>ˆ>LiʈvÊ«œˆVÞÊÀi“>ˆ˜Ãʈ˜ÊvœÀViÊ>˜`Ê>Ìʏi>ÃÌÊxÊÞi>ÀÃÊ
premiums have been paid.
Special Additions:
Bharti AXA Life Merit Plus EDGE offers you special additions over the long term, by crediting
additional units to your investment fund, at regular intervals. These special additions can
potentially enhance your long-term wealth creation. The schedule of special additions, added
to your fund value, is as follows:
End of Policy Year Special Additions
Óx̅ÊÊ>˜`ÊiÛiÀÞÊÃÕLÃiµÕi˜ÌÊxÊ«œˆVÞÊÞi>ÀÃÊÊÊ Î¯ÊœvÊÛiÀ>}iÊ*œˆVÞÊ՘`Ê6>ÕiI

I/…iÊ>ÛiÀ>}iÊ*œˆVÞÊ՘`Ê6>ÕiʈÃÊiµÕ>Ê̜Ê̅iÊ>ÛiÀ>}iʜvÊ̅iÊ*œˆVÞÊ՘`Ê6>ÕiÃÊ>Ãʜ˜Ê̅iÊ
last date of each of the preceding 36 Policy months, prior to the date of crediting of the
special additions.
Choice of Investment Fund Options:
Bharti AXA Life Merit Plus EDGE provides you the benefit of diverse fund options, to match
your financial objectives depending on your requirements and life stage. The fund options
available under the Plan, investment objective, asset allocation and risk profile for the
available funds are detailed in the table below:

Investment Fund Objective Asset Allocation Risk-Return Potential


Growth To provide long term Listed Equities: 80% – 100%, High
Opportunities capital appreciation Cash & Money Market
Plus Fund through investing in Securities: 0% – 40%
stocks across all
market capitalisation
ranges
(Large, Mid or Small)
Grow Money To provide long term Listed Equities: 80% – 100%, High
Plus Fund capital appreciation Cash & Money Market
through investing Securities: 0% – 40%
across a diversified
high quality
equity portfolio
Save‘n’grow To provide steady Listed Equities: 0%−60%, Moderate
Money Fund accumulation of Corporate Bonds and
income in medium Bank Deposits: 0% −xä¯]Ê
to long term by Government Bonds and
investing in high securities: 0% − 40%,
quality debt papers Cash & Money Market
and government Securities: 0% − 40%
securities and a
limited opportunity
of capital
appreciation.
This would be more
of a defensively
managed fund
Steady To provide steady Corporate Bonds and Low
Money Fund accumulation of Bank Deposits: 20% −80%,
income in medium Government Bonds and
to long term by Securities: 20% −80%,
investing in high Cash & Money Market
quality debt papers Securities: 0% − 40%
and government
securities
Safe To provide capital Corporate Bonds and Low
Money Fund protection through Bank Deposits: 0% −60%,
investments in Government Bonds and
low-risk securities: 0% − 60%,
money-market and Cash & Money Market
short-term debt Securities: 0% − 40%
instruments with
maturity of
1 year or lesser
Build India Fund To provide long−term Listed Equities: 80% −100%, High
capital appreciation Corporate Bonds and
through exposure to Bank Deposits: 0%− 20%,
equity investments Cash & Money Market
in infrastructure and Securities: 0% − 20%
allied sectors, and by
diversifying
investments across
various sub-sectors
of the infrastructure
sector

9œÕÀʘii`Ê>˜>ÞÈÃÊiÝiÀVˆÃiÊ܈̅ʜÕÀÊ>}i˜ÌÊŜՏ`ʅi«ÊޜÕÊV…œœÃiÊ>˜Ê>««Àœ«Àˆ>ÌiÊv՘`ʓˆÝÊ
commensurate with your financial objectives (Minimum allocation in any chosen investment
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Confidence of total control with Bharti AXA Life Merit Plus EDGE
Benefit of liquidity through Partial Withdrawal: With the benefit of “partial withdrawal”, you
can take care of your intermittent financial needs while continuing your long-term wealth
creation. This facility is available to you after first three completed Policy years. In a Policy
year only two withdrawals are allowed subject to the minimum and maximum limit specified.
These two withdrawals are free of cost. The minimum amount for each partial withdrawal is
Rs.1, 000. Additionally, the total Partial Withdrawal amount should not exceed 20% of the
Policy Fund Value at the time of Partial Withdrawal. Post-withdrawal, the fund value should be
at least 120% of one year’s Annual Regular Premium.
Benefit of making additional investment through Top-ups: This feature helps you to make
additional investment over and above your regular premium with the help of “Top-up premium”
facility, at your own convenience. This facility is available to you after three completed years
of the Policy. The minimum amount of a single Top-up is Rs.1000. Top-up investment at any
point can be made only if the regular premium for the base plan is paid in full. Additionally, at
any point during the Policy Benefit Period, total amount of Top-up premium paid cannot be
“œÀiÊ̅>˜ÊÓx¯ÊœvÊ̜Ì>ÊÀi}Տ>ÀÊ«Ài“ˆÕ“Ê«>ˆ`Ê̈Ê̅>ÌÊ`>Ìi°Ê/œ«‡Õ«Ê«Ài“ˆÕ“Ê…>ÃʘœÊivviVÌʜ˜Ê
your Sum Assured.
Benefit of Switches & Premium Redirection: Through the feature of switches and premium
redirection you can manage your asset allocation between equity and debt depending on your
needs. For example, you may wish to move your money to a low-risk investment fund option
LivœÀiʓ>ÌÕÀˆÌÞʜvÊ̅iÊ*œˆVÞÊ̜ʫÀœÌiVÌÊ>}>ˆ˜ÃÌÊ>`ÛiÀÃiʓœÛi“i˜ÌÃʈ˜ÊiµÕˆÌÞʓ>ÀŽiÌðÊ9œÕÊV>˜Ê
switch twelve times in a Policy year free of charge, beyond which a charge of Rs.100 per
switch is levied. The minimum value of a switch should be Rs. 1,000.
9œÕÊ V>˜Ê >ÃœÊ Ài`ˆÀiVÌÊ ÞœÕÀÊ vÕÌÕÀiÊ «Ài“ˆÕ“Ê >vÌiÀÊ vˆÀÃÌÊ *œˆVÞÊ Þi>ÀÊ ˆ˜ÌœÊ `ˆvviÀi˜ÌÊ v՘`ÃÊ ÜˆÌ…Ê
Premium Redirection facility. This facility can be availed of any number of times free of charge.
/…iʓˆ˜ˆ“Õ“Ê>œV>̈œ˜Êˆ˜Ê>˜ÞÊV…œÃi˜Êˆ˜ÛiÃ̓i˜ÌÊv՘`ÊŜՏ`ÊLiÊx¯°
Cover Continuance Option: While we recommend that all your regular premiums be paid on
the respective due dates, we also understand that due to sudden changes in lifestyle like
increased responsibilities or unexpected increase in household expenses may affect your
future ability to pay premiums.
Now you need not worry if you are unable to pay premiums into your Policy. The Cover
Continuance Option entitles you to continue your Policy with all benefits if you are unable to
pay premiums any time after paying three annual premiums. Once you have opted for this
option, you cannot pay any further premiums or top-ups under the Policy.
9œÕÊ V>˜Ê œ«ÌÊ vœÀÊ VœÛiÀÊ Vœ˜Ìˆ˜Õ>˜ViÊ œ«Ìˆœ˜Ê >˜ÞÊ Ìˆ“iÊ >vÌiÀÊ «>ވ˜}Ê Ì…ÀiiÊ >˜˜Õ>Ê «Ài“ˆÕ“Ã]Ê
however the guaranteed additions will only be available if at least five annual premiums have
been paid.
What are the Applicable Charges?
Premium Allocation Charge: The Premium Allocation Charge is a charge levied at the time of
receipt of premium allocation and is recovered as a percentage of the regular premium,
«iÀÌ>ˆ˜ˆ˜}Ê ÌœÊ Ì…iÊ ÀiëiV̈ÛiÊ *œˆVÞÊ 9i>ÀÃ]Ê ÀiViˆÛi`Ê LÞÊ Ì…iÊ
œ“«>˜Þ°Ê /…iÊ V…>À}iÊ Ã…>Ê LiÊ
applied as per the following matrix:
Policy Year % of Annual Premium
£ÃÌÊÊ Ê Ê xä¯Ê
Ә`Ê>˜`ÊÎÀ`ÊÊ £Ç°x¯Ê
{̅Ê>˜`Êx̅ÊÊ Ç°x¯Ê
6th onwards Nil
/œ«‡Õ«Ê«Ài“ˆÕ“ʈÃÊÃÕLiVÌÊ̜Ê>˜Ê>œV>̈œ˜ÊV…>À}iʜvÊ£°x¯°
Mortality Charge: This charge is levied to provide you the life insurance benefit. This charge
is applied on the Sum at Risk (as defined below) and is deducted proportionately by
cancellation of units on a monthly basis.
For Death Benefit−Option A, Sum at Risk is defined as the excess of Sum Assured over the Policy
Fund Value. However, for Death Benefit−Option B, Sum at Risk is defined as the Sum Assured.
Annual Mortality Charge (in Rs.) per thousand rupees of Sum at Risk for sample ages of
healthy lives is as follows:
Gender/Age(in years) 25 30 35 40 45
>iÊ £°ÎÇÊ £°{£Ê £°ÇÎÊ Ó°xnÊ Î°™Î
Female 1.30 1.40 1.47 1.99 3.02

Miscellaneous Charge: This charge is applied on the Sum at Risk (as defined above) and is
deducted proportionately by cancellation of Units at the prevailing Unit Price on the
corresponding Policy Date in each Policy Month.
The annual miscellaneous charge is Re. 1 per thousand rupees of Sum at Risk.
Policy Administration Charge: This charge is deducted by cancellation of units from the
«œˆVÞÊv՘`ÊÛ>Õiʜ˜Ê>ʓœ˜Ì…ÞÊL>ÈðÊ/…iÊV…>À}iʈÃÊ,ðÊÈäÊ«iÀʓœ˜Ì…ʈ˜VÀi>Ș}Ê>ÌÊx¯Ê«°>°Ê
on every policy anniversary.
Fund Management Charge: This is a charge that is levied on each of the investment funds
and is adjusted in the unit price calculation on a daily basis. The charges for the funds are
as follows:
Fund Name Fund Management Charge
ÀœÜ̅Ê"««œÀÌ՘ˆÌˆiÃÊ*ÕÃÊ՘`Ê £°Îx¯Ê«°>°
ÀœÜÊœ˜iÞÊ*ÕÃÊ՘`Ê Ê £°Îx¯Ê«°>°
Ո`ʘ`ˆ>Ê՘`Ê Ê £°Îx¯Ê«°>°
->Ûi½˜½}ÀœÜÊœ˜iÞÊ՘`Ê Ê £°Óx¯Ê«°>°
Steady Money Fund 1.00% p.a.
Safe Money Fund 1.00% p.a.
Surrender Charge: The surrender charge is applied if and when you surrender your policy. The
surrender value that you will receive will be the policy fund value less this charge. The
surrender charges are applicable on the Policy Fund value and are as follows:
Policy Year Surrender Charge (% of Policy Fund Value)
1 91%
2 60%
3 40%
4 20%
5 10%
6 0%
If Policy is surrendered within first three Policy years then the surrender value as on the date
of intimation of surrender will be paid only after the completion of three policy years.
Service Tax: Service tax including cess and surcharge is applicable on all the charges as per
the prevailing rates.

A sample illustration of the product benefits:


The following table shows the benefit of Bharti AXA Life Merit Plus EDGE for a 30−year old
male under Build India Fund for Death Benefit Option A:
Illustration 1 Illustration 2
˜˜Õ>Ê*Ài“ˆÕ“Ê­ˆ˜Ê,ð®Ê Óx]äääÊ«°>°Ê՘`iÀʘ˜Õ>Ê“œ`iÊ xä]äääÊ«°>Ê՘`iÀÊ>˜˜Õ>Ê“œ`i
*œˆVÞÊ/iÀ“Ê xxÊÞi>ÀÃÊ xxÊÞi>ÀÃ
-ՓÊÃÃÕÀi`Ê­ˆ˜Ê,ð®Ê ÎÇx]äääÊ Çxä]äää
Assumed Rate of Return 10% p.a. 6% p.a. 10% p.a. 6% p.a.
Guaranteed Addition
Óx]äääÊ xä]äää
ˆ˜Ê£x̅ÊÞi>ÀÊ­ˆ˜Ê,ð®
Guaranteed Addition
19,000 38,000
in 20th year (in Rs.)
Policy Fund Value
Î]ä£]Èx]xäxÊÊ Ê Èx]nÓ]xnxÊ ÊÈ]ÓÓ]ÓÇ]ääÈÊ Ê £]ÎÇ]{™]™™™
at Maturity (in Rs.)
IRR at maturity 8.72% 4.81% 8.80% 4.92%
(Customer Yield)
This illustration does not take into account the impact of service tax and cess.
IȯÊ>˜`Ê£ä¯Ê>ÀiÊ>ÃÃՓi`Ê}ÀœÃÃʈ˜ÛiÃ̓i˜ÌÊÀ>ÌiÃʜvÊÀiÌÕÀ˜Êœ˜Ê Ո`ʘ`ˆ>Ê՘`°
“Some benefits are guaranteed and some benefits are variable with returns based on the
future performance of your Insurer carrying on life insurance business. If your Policy offers
guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on
this page. If your Policy offers variable returns then the illustration on this page will show two
different rates of assumed future investment returns. These assumed rates of return are not
guaranteed and they are not the upper or lower limits of what you might get back, as the value
of your Policy is dependent on a number of factors including future investment performance.”
Product at a glance

Parameter Eligibility
Minimum Age at Entry 0 years
Maximum Age at Entry 60 years
>ÌÕÀˆÌÞÊ}iÊ nxÊÞi>ÀÃÊ
*œˆVÞÊ i˜ivˆÌÊ*iÀˆœ`Ê nxÊÞi>ÀÃʏiÃÃÊ>}iÊ>ÌÊi˜ÌÀÞ
*Ài“ˆÕ“Ê*>ޓi˜ÌÊœ`iÃÊ 9i>ÀÞ]Ê>v‡Þi>ÀÞ]Ê+Õ>ÀÌiÀÞIÊ>˜`Êœ˜Ì…ÞI
ˆ˜ˆ“Փʘ˜Õ>Ê,i}Տ>ÀÊ*Ài“ˆÕ“Ê ,ð£Ó]äääÊvœÀÊ9i>ÀÞÊEÊ>v‡Þi>ÀÞʓœ`iÃ
Ê ,ð£x]äääÊvœÀÊ+Õ>ÀÌiÀÞÊEÊœ˜Ì…Þʓœ`iÃ
Minimum Top−up Premium Rs.1,000
I*Ài“ˆÕ“Êœ˜ÞÊ̅ÀœÕ}…Ê

Tax Benefits
9œÕÊV>˜Ê>Û>ˆÊœvÊ̅iÊÌ>ÝÊLi˜ivˆÌÃʜ˜Ê̅iÊ«Ài“ˆÕ“ÃÊ«>ˆ`Ê>˜`Ê̅iÊLi˜ivˆÌÃÊÀiViˆÛi`Ê>ÃÊ«iÀÊ̅iÊ
prevailing tax laws of the Income Tax Act, 1961. The tax benefits are subject to change as per
change in tax laws from time to time.
SECTION 41 OF INSURANCE ACT, 1938
“No person shall allow or offer to allow, either directly or indirectly, as an inducement to 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 in accordance with the
published prospectus or tables of the Insurer.”
SECTION 45 OF INSURANCE ACT, 1938
“No Policy of life insurance shall after the expiry of two years from the date on which it was
effected, be called in question by an insurer on the ground that statement made in the
proposal for insurance or in any report of a medical officer, or referee, or friend of the insured,
or in any other document leading to the issue of the Policy, was inaccurate or false, unless
the insurer shows that such statement was on a material matter or suppressed facts which
it was material to disclose and that it was fraudulently made by the Policyholder and that the
Policyholder knew at the time of making it that the statement was false or that it suppressed
facts which it was material to disclose.
Provided that nothing in this section shall prevent the insurer from calling for proof of age at
any time if he is entitled to do so, no Policy shall be deemed to be called in question merely
because the terms of the Policy are adjusted on subsequent proof that the age of the Life
insured was incorrectly stated in the proposal.”
Terms and Conditions
1. If any regular premium due within the first three years of the Policy remains unpaid even
after the grace period of 30 days, the Policy lapses and all the benefits under the Policy
Vi>ÃiÊ̜Êi݈ÃÌ°Ê9œÕÊV>˜]ʅœÜiÛiÀ]ÊÀiۈÛiÊ̅iÊ*œˆVÞÊLÞÊ«>ވ˜}Ê>Ê̅iÊ՘«>ˆ`Ê«Ài“ˆÕ“Ê܈̅ˆ˜Ê
a period of two years from the due date of the last unpaid premium. If the Policy is not
reinstated during the reinstatement period, the Policy will stand terminated and the Policy
Fund Value as at the expiry of reinstatement period net of surrender charge as on the
lapse date shall be payable at the completion of the third Policy year or at the end of the
reinstatement period, whichever is later.
2. If the due premiums have been paid for at least three consecutive Policy years from the
Policy Date and subsequent premiums are unpaid, you may reinstate the Policy within two
years from the date of first unpaid premium by resuming premium payment by paying all
the unpaid premiums and the appropriate Premium Allocation Charge shall be deducted
from the above mentioned payment. During the period allowed for reinstatement, the Policy
shall continue to be in effect by levying applicable Policy Charges. At the end of the allowed
period for reinstatement, if you have not opted for cover continuance option, only the Policy
Fund Value, after deducting applicable surrender charges will be paid and the Policy will
terminate. In an event of death during the Reinstatement Period, the death benefit shall be
paid out.
3. At any time during the Policy Benefit Period, after completion of 3 Policy years, if the Policy
Fund Value falls below 120% of the Annual Premium, then the Policy will be terminated and
the surrender value will be paid out.
4. 4% simple interest per annum on Premium Allocation Charges will be calculated on the
annual mode basis, irrespective of mode of premium selected by the Policyholder and is
equal to 76% of first year premium.
x°ÊÀii‡œœŽÊœ«Ìˆœ˜\ÊvÊޜÕÊ`ˆÃ>}ÀiiÊ܈̅Ê>˜ÞʜvÊ̅iÊÌiÀ“ÃÊ>˜`ÊVœ˜`ˆÌˆœ˜ÃʜvÊ̅iÊ*œˆVÞ]ÊޜÕʅ>ÛiÊ
the option to return the original Policy Bond along with a letter stating reasons for the
œLiV̈œ˜Ê܈̅ˆ˜Ê£xÊ`>ÞÃʜvÊÀiViˆ«ÌʜvÊ̅iÊ*œˆVÞÊ œ˜`Ê­ºÌ…iÊvÀii‡œœŽÊ«iÀˆœ`»®°Ê/…iÊ*œˆVÞÊ
will accordingly be cancelled and an amount equal to the sum of (Premium Allocation
Charge, Policy Administration Charge, Mortality Charge, Miscellaneous Charge, deducted
from the Policy Fund Value) and (the Policy Fund Value less stamp duty and underwriting
expenses incurred by the Company), will be refunded to the Policyholder.
6. This is a non-participating Unit−linked Insurance Policy.
7. Increase and decrease in Annual Premium is not allowed under Bharti AXA Life Merit Plus
EDGE.
Revision of Charges:
The Company reserves the right to revise the following charges from time to time with a prior
approval from the Insurance Regulatory and Development Authority (IRDA).
Fund Management Charge: The maximum fund management charge will be the minimum of
2% for each of the investment funds or the cap prescribed by IRDA:
Partial Withdrawal Charge: Rs.300 per partial withdrawal.
Switching Charge: Rs.300 per switch.
The Company also has the right to revise the asset allocation of any investment fund(s)
with prior approval from IRDA.
Computation of Unit Price
The unit pricing shall be computed based on whether the Company is purchasing
(Appropriation Price) or selling (Expropriation Price) the assets in order to meet the day-to-day
transactions of unit allocations and unit redemptions, i.e., the Life Insurer shall be required
̜ÊÃiÉ«ÕÀV…>ÃiÊ̅iÊ>ÃÃiÌÃʈvÊ՘ˆÌÊÀi`i“«Ìˆœ˜ÃÉ>œV>̈œ˜ÃÊiÝVii`Ê՘ˆÌÊ>œV>̈œ˜ÃÉÀi`i“«Ìˆœ˜Ã
at the valuation date. The appropriation price shall apply in a situation when the Company is
required to 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
computed as follows: Market value of investment held by the fund plus the expenses 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 of units existing at the
valuation date (before any new units are allocated), gives the unit price of the fund under
consideration. The Expropriation Price shall apply in a situation when the Company is required
to sell 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 as
follows: Market Value of investment held by the fund less the expenses incurred in 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 at the valuation date
(before any units are redeemed), gives the unit price of the fund under consideration.
Risks of investments in unit-linked Policies:
UÊ …>ÀÌˆÊ 8Ê ˆviÊ iÀˆÌÊ *ÕÃÊ  Ê ˆÃÊ >Ê 1˜ˆÌÊ ˆ˜Ži`Ê ˜ÃÕÀ>˜ViÊ*œˆVÞÊ>˜`ʈÃÊ`ˆvviÀi˜ÌÊvÀœ“Ê
traditional insurance policies
UÊ /…iÊ«Ài“ˆÕ“ʈ˜Ê>Ê՘ˆÌ‡ˆ˜Ži`ʈ˜ÃÕÀ>˜ViÊ*œˆVÞÊ>ÀiÊÃÕLiVÌÊ̜ʈ˜ÛiÃ̓i˜ÌÊÀˆÃŽÊ>ÃÜVˆ>Ìi`Ê
with capital market and the NAV of the units may go up or down based on the performance
of the investment funds and the factors influencing the capital markets and the insured is
Ài뜘ÈLiÊvœÀʅˆÃɅiÀÊ`iVˆÃˆœ˜Ã
UÊ …>À̈Ê8ʈviʘÃÕÀ>˜ViÊ
œ“«>˜ÞÊÌ`°ÊˆÃʜ˜ÞÊ̅iʘ>“iʜvÊ̅iʈ˜ÃÕÀ>˜ViÊVœ“«>˜ÞÊ>˜`Ê
Bharti AXA Life Merit Plus EDGE is only the name of the unit-linked insurance Policy and does
not in any way represent or indicate the quality of the Policy, its future prospects and perfor-
mance or the returns
UÊ …>À̈Ê8ʈviÊÊiÀˆÌÊ*ÕÃÊ  Ê`œiÃʘœÌÊ«ÀœÛˆ`iÊvœÀÊ«>À̈Vˆ«>̈œ˜Êˆ˜Ê̅iÊ`ˆÃÌÀˆLṎœ˜ÊœvÊ
surplus or profits that may be declared by the Company
UÊ ÀœÜ̅Ê"««œÀÌ՘ˆÌˆiÃÊ*ÕÃÊ՘`]ÊÀœÜÊœ˜iÞÊ*ÕÃÊ՘`]Ê Õˆ`ʘ`ˆ>Ê՘`]Ê-Ìi>`ÞÊœ˜iÞÊ
Fund, Save‘n’grow Money Fund and Safe Money Fund are the names of the investment funds
and do not in any manner indicate the quality of the investment funds, their future prospects
or returns
Disclaimers
UÊ /…ˆÃÊ «Àœ`ÕVÌÊ LÀœV…ÕÀiÊ ˆÃÊ ˆ˜`ˆV>̈ÛiÊ œvÊ ÌiÀ“Ã]Ê Vœ˜`ˆÌˆœ˜Ã]Ê Ü>ÀÀ>˜ÌˆiÃÊ >˜`Ê iÝVi«Ìˆœ˜ÃÊ
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 Policy Bond, the terms and
conditions contained in the Policy Bond shall prevail
UÊ ˜ÃÕÀ>˜ViʈÃÊ̅iÊÃÕLiVÌʓ>ÌÌiÀʜvÊ̅iÊ܏ˆVˆÌ>̈œ˜Ê
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Your Bharti AXA Life Advisor

Get in touch with us


For any further queries regarding the product, or any other feedback,
please contact your Financial Advisor OR The Customer Service
Representative of The Company during business hours (9:00 a.m. to
9:00 p.m.) at the following numbers:

1800-102-4444
SMS SERVICE to 56677
We will get in touch within 48 hours to address your query
Email us: service@bharti-axalife.com
Visit us: www.bharti-axalife.com

Bharti AXA Life Insurance Company Ltd.


Regd. Office Address: Unit - 601 & 602, 6th Floor, Raheja Titanium,
Off Western Express Highway, Goregaon (E), Mumbai- 400 063.
Regn. No. 130. UIN: 130L030V01.
Insurance is the subject matter of the solicitation.
Advt no: II–Merit Plus EDGE–Dec–2009-312.