{"uin":"130N146V01","name":"Bharti AXA Life Vantage Income Plan","url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01","insurer":{"slug":"bharti-life-ins","name":"Bharti Life Ins Co Ltd","url":"https://indiainsurances.com/insurer/bharti-life-ins"},"line":"life","category":"savings-life","category_name":"Endowment and savings plans","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Bharti AXA Life Vantage Income Plan is a non-linked, non-participating individual savings life insurance product with two variants, Income Advantage and Future Income. It pays guaranteed income during the policy term and a guaranteed maturity benefit, with death benefit as the higher of Sum Assured on Death, 105% of total premiums paid, or surrender value.","analysis":{"state":"machine","analysed_at":"2026-10-20 00:44:14.741909+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Variant 1: Income Advantage","Variant 2: Future Income"],"display":"Variant 1: Income Advantage; Variant 2: Future Income","note":null,"quote":"The Policy offers a choice of two (2) Variants. The Policyholder must opt for any one of the following Variants, at the inception of the Policy: ... Variant 1: Income Advantage; or ... Variant 2: Future Income.\nThe Variant selected at the inception of the Policy is as specified in the Policy Schedule and the same shall remain fixed throughout the Policy Term and cannot be altered.","sources":[{"clause":"1.1","heading":null,"page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-1-1"},{"clause":"1.1.1","heading":"Variant 1: Income Advantage; or","page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-1-1-1"},{"clause":"1.1.2","heading":"Variant 2","page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-1-1-2"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"15, 20, 25, 30, 35, 40 or 45 years, depending on the premium payment term chosen.","display":"15, 20, 25, 30, 35, 40 or 45 years","note":"From the sales brochure.","quote":"Premium Payment Term & Policy Term (in years) | PPT | PT\n5 | 15, 20, 25, 30\n7 | 15, 20, 25, 30\n10 | 15, 20, 25, 30, 35, 40\n12 | 15, 20, 25, 30, 35, 40, 45","sources":[{"clause":null,"heading":"Plan at a Glance","page":3,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4451#c-plan-at-a-glance"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"not-stated","value":null,"display":null,"note":"The policy lists ways to intimate a claim and says formal registration requires written intimation, but it does not state a deadline.","quote":null,"sources":[],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["For Maturity Benefit: The Original Policy (entire booklet) Claimant’s Statement, KYC Documents (PAN is mandatory) and personalized cancelled cheque of the Claimant or Beneficiary.","For Death Benefit (other than death due to Accident/natural death): The original Policy (entire booklet), Copy of Death Certificate of the Life Insured, Claimant’s Statement, PAN & KYC Documents and personalized cancelled cheque of the Claimant or Beneficiary and Copy of medical records pertaining to treatment taken by the Life Insured such as admission notes, discharge / death summary, test report etc. available if any.","For Death Benefit (death due to Accident/Unnatural death): First Information Report (FIR) and Post Mortem report is required in addition to the documents required for Death Benefit (other than death due to Accident/ natural death).","additional documents, if in the opinion of the Company such additional documents are warranted to process the claim"],"display":"Maturity: original policy, claimant statement, KYC/PAN and cancelled cheque. Death: original policy, death certificate, claimant statement, PAN/KYC, cancelled cheque and medical records; FIR and post mortem for accidental/unnatural death; insurer may ask for additional documents.","note":null,"quote":"The Company would require the following primary documents in support of a claim at the stage of claim intimation under the Policy:\nFor Maturity Benefit: The Original Policy (entire booklet) Claimant’s Statement, KYC Documents (PAN is mandatory) and personalized cancelled cheque of the Claimant or Beneficiary.\nFor Death Benefit (other than death due to Accident/natural death): The original Policy (entire booklet), Copy of Death Certificate of the Life Insured, Claimant’s Statement, PAN & KYC Documents and personalized cancelled cheque of the Claimant or Beneficiary and Copy of medical records pertaining to treatment taken by the Life Insured such as admission notes, discharge / death summary, test report etc. available if any.\nFor Death Benefit (death due to Accident/Unnatural death): First Information Report (FIR) and Post Mortem report is required in addition to the documents required for Death Benefit (other than death due to Accident/ natural death) as mentioned above.\nThe Company is entitled to call for additional documents, if in the opinion of the Company such additional documents are warranted to process the claim.","sources":[{"clause":"2","heading":"Claims","page":14,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-2-7"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The documents point to a TAT website for servicing or claims, but do not print a claim settlement time in the policy documents provided.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["death due to suicide within twelve (12) months from the Date of Commencement of Risk under the Policy or from the date of Revival of the Policy","death of the Life Insured while the Policy is in Lapse status"],"display":"Suicide within 12 months is limited to 80% of total premiums paid or surrender value, whichever is higher; death while lapsed pays no benefit.","note":null,"quote":"In case of death due to suicide within twelve (12) months from the Date of Commencement of Risk under the Policy or from the date of Revival of the Policy, as applicable, the Nominee or Beneficiary of the Policyholder shall be entitled to 80% of the Total Premiums Paid till the date of death or the Surrender Value available as on the date of death, whichever is higher, provided the Policy is in force as on the date of death. ... 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 immediately and automatically terminate on the date of death of the Life Insured.","sources":[{"clause":"5","heading":"Suicide","page":10,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-5-2"},{"clause":"2.4","heading":null,"page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-2-4"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First approach the Grievance Redressal Cell online, by toll-free phone, email, writing to the registered office or grievance cell, or by visiting a branch and meeting the Grievance Officer. If not satisfied or there is no response after fourteen (14) days, write to Head - Customer Service at head.customerservice@bhartiaxa.com before Ombudsman escalation.","display":"First: Grievance Redressal Cell. Escalation after 14 days: Head - Customer Service at head.customerservice@bhartiaxa.com.","note":null,"quote":"In case You have any grievance, You may approach our Grievance Redressal Cell at any of the belowmentioned helplines:\nLodge Your complaint online at www.bhartiaxa.com Call Us at our toll free no. 1800 102 4444 from 9:00 AM to 7:00 PM, Monday to Saturday Email Us at complaints.unit@bhartiaxa.com Write to Us at: ... Visit Our nearest branch and meet Our Grievance Officer who will assist You to redress Your grievance/ lodge Your complaint. ... In case You are not satisfied with the decision provided or if You have not received any response post completion of fourteen (14) days, You may write to Head - Customer Service for resolution at the abovementioned address or email at: head.customerservice@bhartiaxa.com:","sources":[{"clause":null,"heading":"Step 1: Inform Us about Your grievance","page":16,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-step-1-inform-us-about-your-grievance"},{"clause":null,"heading":"Step 2: Tell Us if you are not satisfied","page":16,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-step-2-tell-us-if-you-are-not-satisfied"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Sum Assured on Death equals Death Benefit Multiple (DBM) multiplied by Annualized Premium. The brochure states minimum sum assured Rs. 1,10,000 and maximum sum assured no limit, subject to Board Approved Underwriting Policy and POS guidelines for POS sales.","display":"Sum Assured on Death = DBM × Annualized Premium; minimum Rs. 1,10,000; maximum no limit subject to BAUP/POS guidelines.","note":"Minimum and maximum sum assured are from the sales brochure.","quote":"Where;\nSum Assured on Death = Death Benefit Multiple (DBM) *Annualized Premium. ... Minimum Sum Assured | Rs. 1,10,000\nMaximum Sum Assured | No limit, shall be subject to Board Approved Underwriting Policy. For policies sold through POS Channel, the maximum Sum Assured will be as per prevailing POS guidelines, as amended from time to time.","sources":[{"clause":"2.1","heading":null,"page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-2-1"},{"clause":null,"heading":"Plan at a Glance","page":3,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4451#c-plan-at-a-glance"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"On death during the policy term, if the policy is in force and all due premiums till death have been paid, the death benefit is paid as a lump sum to the beneficiary or claimant. It is the higher of Sum Assured on Death, 105% of Total Premiums Paid till date of death, or the Surrender Value applicable on the date of death.","display":"Lump sum: higher of Sum Assured on Death, 105% of Total Premiums Paid till death, or Surrender Value on date of death.","note":null,"quote":"Upon 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 as a lumpsum to the Beneficiary/Claimant.\nDeath Benefit payable under both the Variants during the Policy Term is as follows:\nDeath Benefit shall be the higher of:\nSum Assured on Death; or 105% of the Total Premiums Paid till the date of death; or Surrender Value, as applicable on the date of death.\nWhere;\nSum Assured on Death = Death Benefit Multiple (DBM) *Annualized Premium.","sources":[{"clause":"2.1","heading":null,"page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-2-1"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"If the life insured survives to the maturity date and the policy is in force with all due premiums paid, a Guaranteed Maturity Benefit is paid as a lump sum. It equals the Guaranteed Maturity Benefit Factor multiplied by Total Premiums Paid excluding modal loadings, and unpaid survival benefits including Flexi-Wallet amounts are paid with it.","display":"Guaranteed Maturity Benefit = Guaranteed Maturity Benefit Factor × Total Premiums Paid, paid as a lump sum on maturity.","note":null,"quote":"If the Life Insured survives till the Maturity Date, provided the Policy is in-force and all due Premiums have been paid, the following Maturity Benefit shall be payable: ... Under both Variant 1: Income Advantage and Variant 2: Future Income, the Guaranteed Maturity Benefit shall be payable as a lumpsum on the Maturity Date;\na) Guaranteed Maturity Benefit is mentioned in the Policy Schedule. The Guaranteed Maturity Benefit shall be calculated as under:\nGuaranteed Maturity Benefit = Guaranteed Maturity Benefit Factor * Total Premiums Paid (excluding modal loadings, if any).\nb) Any unpaid Survival Benefit(s), including any amount accumulated in the Flexi-Wallet, shall be paid along with the Maturity Benefit.","sources":[{"clause":"4.1","heading":null,"page":5,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-4-1"},{"clause":"4.1.1","heading":"Guaranteed Maturity Benefit","page":5,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-4-1-1"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Premium payment term options are 5, 7, 10 or 12 years.","display":"5, 7, 10 or 12 years","note":"From the sales brochure.","quote":"Premium Payment Term & Policy Term (in years) | PPT | PT\n5 | 15, 20, 25, 30\n7 | 15, 20, 25, 30\n10 | 15, 20, 25, 30, 35, 40\n12 | 15, 20, 25, 30, 35, 40, 45","sources":[{"clause":null,"heading":"Plan at a Glance","page":3,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4451#c-plan-at-a-glance"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"The maximum maturity age is 75 years.","display":"75 years","note":"From the sales brochure.","quote":"Maximum Maturity Age# | 75","sources":[{"clause":null,"heading":"Plan at a Glance","page":3,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4451#c-plan-at-a-glance"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If death is due to suicide within twelve (12) months from the date of commencement of risk or from revival, the nominee or beneficiary is entitled to 80% of Total Premiums Paid till death or the Surrender Value available on the date of death, whichever is higher, provided the policy is in force.","display":"Within 12 months: 80% of Total Premiums Paid till death or Surrender Value on date of death, whichever is higher.","note":null,"quote":"In case of death due to suicide within twelve (12) months from the Date of Commencement of Risk under the Policy or from the date of Revival of the Policy, as applicable, the Nominee or Beneficiary of the Policyholder shall be entitled to 80% of the Total Premiums Paid till the date of death or the Surrender Value available as on the date of death, whichever is higher, provided the Policy is in force as on the date of death.","sources":[{"clause":"5","heading":"Suicide","page":10,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-5-2"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policy acquires surrender value after completion of the first policy year if one full year's premium has been received. On surrender, the higher of Guaranteed Surrender Value or Special Surrender Value is payable immediately during the policy term; GSV is acquired after premium payment for at least two consecutive years.","display":"Surrender value after first policy year and one full year's premium; higher of GSV or SSV payable. GSV after at least two consecutive years' premium.","note":null,"quote":"The Policy acquires a Surrender Value after completion of first Policy Year provided one (1) full year’s Premium has been received by the Insurer.\nOn Surrender of the Policy, higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) shall be payable to the Policyholder, and the Company shall not be liable to pay any other benefits under the Policy.\nThe Surrender Benefit will be payable immediately on Surrender and only during the Policy Term. ... The Policy acquires GSV after the payment of Premium for at least two (2) consecutive years.","sources":[{"clause":"2","heading":"Surrender Benefits","page":7,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-2-6"},{"clause":"2.1","heading":"Guaranteed Surrender Value (GSV)","page":7,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-2-1-2"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"After completion of the first policy year with one full year's premium received, if further premiums are not paid within the grace period, the policy automatically becomes Reduced Paid-up and all benefits are reduced. Reduced paid-up death benefit is the higher of reduced paid-up sum assured on death, 105% of total premiums paid till death, or surrender value; survival and maturity benefits are also reduced by the RPU factor.","display":"After first policy year and one full year's premium, non-payment converts policy to Reduced Paid-up; death, survival and maturity benefits continue at reduced levels.","note":null,"quote":"After completion of first Policy Year provided one (1) full year Premium has been received, and further Premiums have not been paid within the Grace Period, due to any reason, the Policy will automatically be converted into Reduced Paid-up status. Once the Policy becomes Reduced Paid-up, all the benefits under the Policy would be reduced and calculated as given below: ... Reduced Paid-up Death Benefit shall be higher of:\n1. Reduced Paid-up Sum Assured on Death; or\n2. 105% of the Total Premiums Paid till date of death; or\n3. Surrender Value applicable at the time of death ... Reduced Paid-up Guaranteed Income(s) = Guaranteed Income(s) * RPU Factor ... Reduced Paid-up Guaranteed Maturity Benefit = Reduced Paid-up Guaranteed Maturity Benefit Factor * Total Premiums Paid (excluding modal loadings, if any);","sources":[{"clause":"3.2","heading":"Reduced Paid-up Status/ Benefits","page":8,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-3-2-2"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A lapsed or reduced paid-up policy may be revived within the revival period of five (5) consecutive years from the date of the first unpaid premium due date, subject to evidence of insurability, payment of unpaid premiums with interest, and other terms. The stated revival interest rate for FY 2026-2027 is 8.72% p.a.","display":"5 years from first unpaid premium due date; unpaid premiums plus interest and evidence of insurability required.","note":null,"quote":"Revival Period is the time of five (5) consecutive complete years from the date of the first unpaid Premium due date and is the period available to the Policyholder to revive the Policy. ... A Policy which has Lapsed or is in Reduced Paid-up status may be revived for full benefits under the Policy subject to the following conditions:\na) The application for Revival is made within the Revival Period;\nb) Satisfactory evidence of insurability of the Life Insured is produced;\nc) Payment of an amount equal to all unpaid Premiums together with interest at such rate as the Company may charge for such Revival, as decided by the Company from time to time, subject to prior approval from the Authority. The Revival interest rate will be calculated on the 1st of April every year and will be derived as average of last six (6) months 10 year G.Sec* yield of the immediate last financial year plus 2%. The Revival rate of simple interest for FY 2026-2027 is 8.72% p.a.","sources":[{"clause":null,"heading":"qq)","page":3,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-qq"},{"clause":"4","heading":"Revival","page":10,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-4-2"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Policy loans may be granted if the policy is in force and has acquired surrender value. The loan is within the applicable surrender value, minimum Rs.5,000, not more than 80% of surrender value, and carries interest equal to 10-year G-Sec plus 3%, with current FY 2026-2027 rate 10.16% p.a. simple interest.","display":"Available after surrender value if in-force; minimum Rs.5,000; maximum 80% of Surrender Value; current rate 10.16% p.a. simple interest.","note":null,"quote":"Loans may be granted by the Company to the Policyholder provided the Policy is in-force and has acquired Surrender Value. The loan which may be granted shall always be within the applicable Surrender Value of the Policy and shall be subject to the following terms and conditions: ... The loan interest rate will be equal to the 10 year G-Sec* rate prevailing on 1st April each year plus 3% and will remain applicable for new as well as existing loans for that financial year. The interest rate in a Policy loan is not guaranteed and would be reviewed by the Company on 1st of April every year. The current rate of interest for FY 2026-2027 chargeable on Policy loans is 10.16% p.a. simple interest. ... The minimum amount of loan that may be granted under this Policy is Rs.5,000/- (Rupees Five Thousand only). ... The loan amount will not exceed 80% of the Surrender Value.","sources":[{"clause":"7","heading":"Loans","page":11,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-7-2"},{"clause":"7(a)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-7-a"},{"clause":"7(g)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-7-g"},{"clause":"7(h)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-7-h"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Bharti AXA Life Hospi Cash Rider (UIN 130B007V05)","Bharti AXA Life Term Rider (UIN 130B009V03)","Bharti AXA Life Non-Linked Complete Shield Rider (UIN 130B011V02)","Bharti AXA Life Premium Waiver Rider (UIN 130B005V05)"],"display":"Hospi Cash Rider, Term Rider, Non-Linked Complete Shield Rider and Premium Waiver Rider.","note":null,"quote":"You can avail the following Riders along with this Base Policy:\na) Bharti AXA Life Hospi Cash Rider (UIN 130B007V05);\nb) Bharti AXA Life Term Rider (UIN 130B009V03);\nc) Bharti AXA Life Non-Linked Complete Shield Rider (UIN 130B011V02);\nd) Bharti AXA Life Premium Waiver Rider (UIN 130B005V05).","sources":[{"clause":"6","heading":"Riders","page":6,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-6"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground whatsoever after expiry of 3 years from the later of issuance, commencement of risk, revival or rider date. On fraud, the policy may be called in question within 3 years from those dates, with written communication of the grounds and materials.","display":"After 3 years from the later of policy issuance, risk commencement, revival or rider date, the policy cannot be questioned on any ground; fraud can be questioned within 3 years with written grounds and materials.","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 years from ... a) the date of issuance of Policy; or ... b) the date of commencement of risk; or ... c) the date of revival of Policy; or ... d) the date of rider to the Policy, whichever is later.\n02. On the ground of fraud, a Policy of Life Insurance may be called in question within 3 years from ... d) the date of rider to the Policy, whichever is later. For this, the insurer should communicate in writing to the insured or legal representative or nominee or assignees of insured, as applicable, mentioning the ground and materials on which such decision is based.","sources":[{"clause":"17","heading":null,"page":24,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-17"},{"clause":"17(a)","heading":null,"page":25,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-17-a"},{"clause":"17(b)","heading":null,"page":25,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-17-b"},{"clause":"17(c)","heading":null,"page":25,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-17-c"},{"clause":"17(d)","heading":null,"page":25,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-17-d"},{"clause":"17(d)","heading":null,"page":25,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-17-d-2"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"Tax benefits, if any, may be available as per prevailing Indian tax laws as amended from time to time, and the company may withhold taxes from benefits payable and recover statutory levies including applicable taxes.","display":"Tax benefits, if any, may be available as per prevailing tax laws in India.","note":null,"quote":"The tax benefits, if any, on the Policy may be available as per the prevailing provisions of the tax laws, as amended from time to time in India. If required by the relevant legislations prevailing from time to time, the Company will withhold taxes from the benefits payable under the Policy. The Company reserves the right to recover statutory levies including applicable taxes by way of adjustment of the Premiums paid by the Policyholder.","sources":[{"clause":"7","heading":"Taxation","page":15,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-7-3"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"The Policyholder has a period of thirty (30) days from the date of receipt of the Policy Document, whether received electronically or otherwise, to review the terms and conditions of the Policy and if Policyholder disagrees with any of the terms and conditions of the Policy, there is an option to return the original Policy along with a letter stating reasons for objection, provided no claim has been made under the Policy.","sources":[{"clause":"1","heading":"Free Look Period","page":7,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-1-3"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days for annual / semi-annual / quarterly; 15 days for monthly","note":"Monthly premium mode has a 15 days grace period.","quote":"a) thirty (30) days for annual / semi-annual /quarterly Premium Payment Modes; and ... b) fifteen (15) days for monthly Premium Payment Mode, to pay the unpaid Premium due under the Policy and the benefits under the Policy will remain unaltered during this Grace Period.","sources":[{"clause":"8(a)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-8-a"},{"clause":"8(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-8-b"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Minimum entry age is 0 years (91 days) for DBM 7 and 11, and 50 years for DBM 5. Maximum entry age is 60 years for DBM 5, 7 and 11.","display":"Minimum: 0 (91 days) for DBM 7 & 11; 50 for DBM 5. Maximum: 60.","note":"From the sales brochure. Ages are age last birthday.","quote":"Minimum Age at Entry#^ (in years) | DBM 7 & 11: 0 (91 days)\nDBM 5: 50\nMaximum Age at Entry# (in years) | DBM 5, 7 & 11: 60","sources":[{"clause":null,"heading":"Plan at a Glance","page":3,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4451#c-plan-at-a-glance"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["Monthly","Quarterly","Semi-Annual","Annual"],"display":"Monthly, Quarterly, Semi-Annual, Annual","note":null,"quote":"Premiums can be paid to us by Monthly/ Quarterly/ Semi-Annual/ Annual mode, as selected by You in the Proposal Form.","sources":[{"clause":"7","heading":"Payment of Premiums","page":6,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-7"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Limited premium"],"display":"Limited premium: PPT 5, 7, 10 or 12 years with policy terms 15 to 45 years.","note":"From the sales brochure; the printed premium payment terms are shorter than the policy terms.","quote":"Premium Payment Term & Policy Term (in years) | PPT | PT\n5 | 15, 20, 25, 30\n7 | 15, 20, 25, 30\n10 | 15, 20, 25, 30, 35, 40\n12 | 15, 20, 25, 30, 35, 40, 45","sources":[{"clause":null,"heading":"Plan at a Glance","page":3,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4451#c-plan-at-a-glance"}],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"quote-verified","value":"The guaranteed benefits are Guaranteed Income on survival and Guaranteed Maturity Benefit on maturity. Guaranteed Income equals Guaranteed Income Factor multiplied by Annualized Premium multiplied by Income Modal Factor, and Guaranteed Maturity Benefit equals Guaranteed Maturity Benefit Factor multiplied by Total Premiums Paid excluding modal loadings.","display":"Guaranteed Income = Guaranteed Income Factor × Annualized Premium × Income Modal Factor; Guaranteed Maturity Benefit = Guaranteed Maturity Benefit Factor × Total Premiums Paid.","note":null,"quote":"Guaranteed Income is mentioned in the Policy Schedule.\nWhere, Guaranteed Income = Guaranteed Income Factor * Annualized Premium * Income Modal Factor. ... The Guaranteed Maturity Benefit shall be calculated as under:\nGuaranteed Maturity Benefit = Guaranteed Maturity Benefit Factor * Total Premiums Paid (excluding modal loadings, if any).","sources":[{"clause":"3.1.1(b)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-3-1-1-b"},{"clause":"4.1.1","heading":"Guaranteed Maturity Benefit","page":5,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-4-1-1"}],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"quote-verified","value":"The product is non-participating, so the documents do not provide a participating bonus.","display":"Non-participating; no participating bonus.","note":"From the sales brochure.","quote":"Bharti AXA Life Vantage Income Plan is a non-linked, non-participating individual savings life insurance product.","sources":[{"clause":null,"heading":"How Does This Plan Work?","page":2,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4451#c-how-does-this-plan-work"}],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"not-stated","value":null,"display":null,"note":"The provided documents include examples and sample benefit amounts, but do not state benefit illustrations at the IRDAI 4% and 8% rates.","quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"quote-verified","value":"Under Income Advantage, Guaranteed Income is payable in arrears at the end of each policy year from the end of the first policy year until maturity. Under Future Income, Guaranteed Income is payable in arrears at the end of each policy year starting from the end of the policy year immediately following the premium payment term until maturity; frequency can be annual, semi-annual, quarterly or monthly.","display":"Income Advantage: guaranteed income from end of first policy year to maturity. Future Income: guaranteed income from the policy year after PPT to maturity.","note":null,"quote":"Under Variant 1 (Income Advantage), the Guaranteed Income shall be payable in arrears at the end of each Policy Year, starting from the end of the first Policy Year and continuing until the Maturity Date. ... Under Variant 2 (Future Income), the Guaranteed Income shall be payable in arrears at the end of each Policy Year, starting from the end of the Policy Year immediately following the end of the Premium Payment Term and continuing until the Maturity Date.\nGuaranteed Income is mentioned in the Policy Schedule.\nWhere, Guaranteed Income = Guaranteed Income Factor * Annualized Premium * Income Modal Factor.\nAt the inception of the Policy, the Policyholder shall have the option to choose the Income Frequency. The available Income Frequency options are annual/ semi-annual/ quarterly/ monthly.","sources":[{"clause":"3.1.1(a)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-3-1-1-a"},{"clause":"3.1.1(b)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461#c-3-1-1-b"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy Bond","pages":27,"fetched_at":"2026-10-17 19:34:33+00","source_url":"https://www.bhartiaxa.com/sites/default/files/2026-09/Bharti_Axa_Life_Vantage_Income_Plan_Part%20B_Non-POS.pdf","url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4461"},{"kind":"wording","label":"Policy Bond - POS","pages":26,"fetched_at":"2026-10-17 19:34:36+00","source_url":"https://www.bhartiaxa.com/sites/default/files/2026-09/Bharti-Axa-Life-Vantage-Income-Plan-Part-B_POS.pdf","url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4463"},{"kind":"cis","label":"Customer Information Sheet","pages":9,"fetched_at":"2026-10-17 19:33:55+00","source_url":"https://www.bhartiaxa.com/sites/default/files/2026-09/Bharti-Axa-Life-Vantage-Income-Plan-CIS.pdf","url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4435"},{"kind":"brochure","label":"Download Brochure","pages":19,"fetched_at":"2026-10-17 19:34:20+00","source_url":"https://www.bhartiaxa.com/sites/default/files/2026-09/Bharti-Axa-Life-Vantage-Income-Plan-Sales-Literature.pdf","url":"https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01/document/4451"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Bharti Life Ins official website","url":"https://www.bhartiaxa.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claim centre","url":"https://www.bhartiaxa.com/claims","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.bhartiaxa.com/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Bharti AXA Life Vantage Income Plan (UIN 130N146V01), IndiaInsurances, https://indiainsurances.com/policy/bharti-life-ins/bharti-axa-life-vantage-income-plan-130n146v01"}