In this Policy, the investment risk in the investment portfolio is borne by
As a caring parent, you want only the best for your child. As your child
grows, his aspirations will grow too and so will your responsibilities.
Whether it’s higher studies abroad, a grand wedding or a comfortable
home … you can now ensure that your child is always one step ahead
Bharti AXA Life Bright Stars with Jumpstart Benefit is a unique child
plan designed to give your child the right launch pad into a promising
future. At maturity, this plan offers an additional lump sum amount to
take care of the finances at the key stages of your child’s life. What’s
more, the plan also provides you with a life protection cover - so
should anything unfortunate happen to you, Bharti AXA Life Bright
Stars ensures that your dreams for your child still live on.
The plan also offers the flexibility to make modifications, depending
on the changing needs of your child. As his dreams grow, the plan will
grow too… so financial hurdles will never come in the way of his
With Bharti AXA Life Bright Stars, you can fulfil all the dreams you
have for your child, and give him what he deserves. A bright future!
This is a regular premium unit-linked Insurance Policy, which offers you the twin benefits of protecting your
loved ones & creating wealth for them over the desired period.
You can plan & invest in a systematic manner through this product for certain important events (financial goals)
in your life like your child’s higher education / marriage or buying a house!
Bharti AXA Life Bright Stars offers you the twin benefits of protecting
your loved ones & creating wealth for them over the desired period.
Bharti AXA Life Bright Stars Realise your Dreams
• You can invest in market-linked funds while providing you with all-round
protection benefit and what’s more, it also provides you with a Jumpstart
Benefit at maturity.
• You can enhance your protection in this product by adding riders.
• You get a smart financial solution through this product. Not only does the Sum
Assured gets paid out in case of unfortunate event of death, but Bharti AXA Life
will pay all your future premiums to ensure that the ambitions of your loved
ones are achieved.
• You have the option of investing across 4 funds, depending upon your risk
appetite and return expectation and you can make use of the switch facility to
change your asset allocation.
• Tax benefits for premiums paid and benefits received, as per the prevailing
Enjoy the benefits of
high returns along
with a life cover. Also,
receive an additional
Jumpstart Benefit at
How does Bharti AXA Life Bright Stars work?
Choose your premium and Policy Benefit Period,
which decides the Sum Assured
Enhance your protection by
Choose from 4 Investment Funds to invest
In case of death,
is paid out
Bharti AXA Life
pays all future
the Policy Fund
On maturity, you will get
Policy Fund Value + Jumpstart Benefit
Bharti AXA Life Bright Stars Benefits
Benefits of Bharti AXA Life Bright Stars
1. Life Insurance Benefit:
The Sum Assured under the Policy is based on the Policy benefit period chosen
Policy Benefit Period Sum Assured
7 years 5 times Annualised Regular Premium
10 years 5 times Annualised Regular Premium
15 years 8 times Annualised Regular Premium
17 years 10 times Annualised Regular Premium
20 years 10 times Annualised Regular Premium
In the unfortunate event of death of the Life insured during the Policy benefit
period, the following benefits are available:
• Payment of Sum Assured immediately
• All the future premiums payable till maturity are waived off and Bharti AXA
Life will pay all those premiums into the investment funds
• The Policy continues until maturity with the nominee having the right to
exercise all the applicable benefits under the Policy
2. Maturity Benefit:
On maturity of the Policy, you or your nominee will get the Policy Fund Value PLUS
Benefit gives you
financial freedom, so
your child is not
constrained when it
comes to taking
advantage of various
Life Insurance Benefit
With built-in life insurance plus
critical illness cover (optional), it
provides complete, all-round
protection for your child.
3. Special Addition with “Jumpstart Benefit”:
On maturity of the Policy, in addition to the Policy Fund Value, you get a Jumpstart Benefit equal to 5% of
the average of the Policy Fund Values as on the end of each of the preceding 36 Policy months.
Since this benefit is paid out in addition to your Policy Fund Value, it provides your financial goals a
“jumpstart”. For instance, if the Policy is taken with the intention of securing your child’s future, then it can
be used to jumpstart your child’s future by having access to more career options.
4. Critical Illness Benefit Rider:
In addition to your life insurance benefit, you can also enhance your protection by adding Critical Illness
Benefit Rider by paying a nominal amount. This rider will pay the chosen Rider Sum Assured in case you are
diagnosed with any of the below mentioned critical illnesses and subject to the terms and conditions
contained in the Critical Illness Benefit Rider – Policy Bond:
• Coronary Artery Bypass Surgery
• Heart Attack
• Kidney Failure
• Major Organ Transplant
You can use this Rider Sum Assured to meet various expenses that are generally incurred in treatment of
critical illnesses like hospitalisation expenses, surgery, cost of medicines, diagnosis, possible loss of pay etc.
Please ask your advisor to show you the separate rider brochure for details of applicable terms and
conditions of this rider.
Bharti AXA Life Bright Stars Benefits
5. Choice of Investment Funds:
You have a choice of investing your premiums in any or all of the four investment funds, as
per your financial objective.
Investment Objective Asset Allocation Risk-Return
Growth To provide long term capital Listed Equities: 80% - 100%, High
Opportunities appreciation through Cash & Money Market
Fund investing in stocks across all Instruments: 0% - 40%
market capitalisation ranges
(Large, Mid or Small).
Grow Money To provide long term capital Listed Equities: 80% - 100%, High
Fund appreciation through Cash & Money Market
investing across a diversified Instruments: 0% - 40%
high quality equity portfolio.
Save‘n’grow To provide steady Listed Equities: 0% - 60%, Moderate
Money Fund accumulation of income in Corporate bonds: 0% - 50%,
medium to long term by Government bonds and
investing in high quality debt securities: 0% - 40%,
papers and government Cash & Money Market
securities and a limited Instruments: 0% - 40%
opportunity of capital
appreciation. This would be
more of a defensively
Steady Money To provide steady Corporate bonds: 20% - 80%, Low
Fund accumulation of income in Government bonds and
medium to long term by securities: 20% - 80%,
investing in high quality Cash & Money Market
debt papers and Instruments: 0% - 40%
6. Manage your investments with Switch and Premium Redirection facility:
Through the feature of switches & premium redirection you can manage your asset
allocation between equity & debt depending on your needs. For example you may wish to
move your money to a low-risk investment fund option before maturity of the Policy to
protect against adverse movements in equity markets.
You can switch four 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. 2,500.
You can also redirect your future premiums after first Policy year into different funds with
Premium Redirection facility. This facility can be availed of any number of times free of
charge. The minimum allocation in any chosen investment fund should be 5%.
7. Top-up Premiums:
You can invest a bonus received from your employer or profits earned from your business or any other surplus
in your existing investments to achieve your financial goals faster.
With the top-up option, you can boost your contribution any time after the first Policy year. The minimum
amount of a single top-up is Rs. 2,500. The total amount of top-up in a Policy year cannot be more than 25%
of total regular premiums paid till that date. Top-up premium has no effect on your Sum Assured.
8. Liquidity Benefit with Partial Withdrawal:
We all need money during our lifetime to fulfil certain goals. From time to time, you may need money to pay for
your child’s education, going on a long vacation, pay off an existing loan etc.
You can withdraw money from your Policy Fund Value any time after completion of three Policy years. Each
partial withdrawal should be a minimum of Rs. 5,000 and after withdrawal the Policy Fund Value should not be
less than 120% of the Annualised Regular Premium. Four partial withdrawals are free of charge in a Policy year
and each subsequent partial withdrawal will be subject to a charge of Rs. 100.
9. Decrease in Premium:
While we recommend that you pay the agreed amount of annual premium for the entire term of the Policy, we also
understand that sometimes you may face financial constraints which might make it difficult for you to pay the
agreed premium throughout the term. Therefore, in this product, we allow you to decrease the premium amount
any time after completion of two Policy years. Decrease in premium will decrease your Sum Assured in the same
proportion. Annualised Regular Premium can be reduced subject to the following condition:
During 3rd policy year, the Annualised Regular Premium can be reduced such that the revised premium is at
least Higher of
• 75% of first year Annualised Regular Premium
• Minimum Annualized Regular Premium
From 4th policy year onwards, the Annualised Regular Premium can be reduced to the minimum Annualised
10. 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 (as per the table below).
Once you have opted for this option, you cannot pay any further premiums or top-ups under the Policy.
Policy Benefit Period
7 years 10 years 15 years 17 years 20 years
Cover continuance 3 annualised 3 annualised 5 annualised 5 annualised 5 annualised
available after regular regular regular regular regular
payment of premiums premiums premiums premiums premiums
Bharti AXA Life Bright Stars Applicable charges
11. Extended Maturity Benefit with Settlement Option:
You may want to take advantage of Bharti AXA Life’s fund management expertise
A flexible plan that
even after maturity of your Policy. You can avail any of the following options at
adapts to the changing
needs of your child
I. Take entire maturity proceeds (Policy Fund Value + Jumpstart Benefit) as lump
sum payment on maturity; or
II. Take the maturity proceeds (Policy Fund Value + Jumpstart Benefit) at regular
intervals in instalments over 5 years after the 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 benefit or partial withdrawals / switches between
investment funds or top-ups during this period.
Please note that during the extended maturity period, the investment risk in the
investment portfolio continues to be borne by the Policyholder.
What are the applicable charges in this product?
1. Premium Allocation Charge: This charge is levied at the time of premium
allocation and depends on the premium amount, Policy benefit period and the
Premium Band 1 = Annualised Regular Premium between Rs. 15,000 and Rs. 99,999.
Premium Band 2 = Annualised Regular Premium of Rs. 1,00,000 & above.
Premium Allocation Charges
Policy Premium Policy Benefit Period
Year Band 7 years 10 years 15 years 17 years 20 years
1 35% 35% 38% 40% 45%
2 32% 32% 32% 34% 39%
2 1&2 10% 15% 25% 25% 25%
3 1&2 8% 8% 8% 8% 8%
4&5 1&2 2% 2% 2% 2% 2%
6 onwards 1&2 0% 0% 0% 0% 0%
Top-up premiums are subject to an allocation charge of 1.5% for both Premium Bands.
2. Risk Benefit Charge: This charge is applied on the Sum Assured and is
deducted proportionately on a monthly basis by cancellation of units from the
Policy Fund Value. The risk benefit charge will depend on your age at entry and
Policy benefit period chosen, and this charge will remain the same throughout the
Policy benefit period.
Annual Risk Benefit charges per Rs. 1000 of Sum Assured are as follows:
Risk Benefit Charge for a 30-year-old
Policy Benefit Period
Age 7 years 10 years 15 years 17 years 20 years
Male Rs. 2.98 Rs. 3.17 Rs. 3.53 Rs. 3.68 Rs. 3.91
Female Rs. 2.81 Rs. 2.91 Rs. 3.15 Rs. 3.25 Rs. 3.41
3. Policy Administration Charge: This charge is deducted by cancellation of units from the Policy Fund Value
on a monthly basis. The charge is Rs. 65 per month for annual & semi-annual mode of premium payment and
Rs. 80 per month for monthly mode of premium payment.
4. 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 Growth Opportunities Grow Money Save‘n’grow Steady Money
Fund Fund Money Fund Fund
Fund Management 1.75% p.a. 1.50% p.a. 1.25% p.a. 1.00% p.a.
5. Surrender Charges: The Surrender Charge is applied if and when you surrender your Policy in the first 5
Policy years. 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:
Year in which Policy Policy Benefit Period
is surrendered 7 years 10 years 15 years 17 years 20 years
Year 1 65% 65% 90% 90% 90%
Year 2 40% 40% 75% 75% 75%
Year 3 20% 20% 50% 50% 50%
Year 4 0% 0% 15% 15% 15%
Year 5 0% 0% 3% 3% 3%
Year 6 onwards 0% 0% 0% 0% 0%
If the Policy is surrendered within the 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 & cess are applicable on all charges as per the prevailing rates.
Policy at a glance:
Minimum age at entry 18 years
Maximum age at entry 70 years MINUS Policy Benefit Period chosen
E.g.: For Policy benefit period of 17 years,
the maximum age at entry is 53 years
Maximum age at maturity 70 years
Minimum premium Rs. 15,000 p.a. for annual & semi-annual modes
Rs. 18,000 p.a. for monthly mode
Premium Modes Annual, Semi-annual and Monthly*
Policy benefit periods available 7 years, 10 years, 15 years, 17 years & 20 years
Minimum top-up premium Rs. 2,500
* Through ECS only
Bharti AXA Life Bright Stars Tax Benefits
The following table shows the benefit of Bharti AXA Life Bright Stars for a
30-year-old Male paying a premium of Rs. 36,000 per annum under annual mode.
Get tax benefits under
section 80C & section
10 years 15 years 20 years 10 (10D)
Policy Benefit Period 6% 10% 6% 10% 6% 10%
Sum Assured (Rs.) 1,80,000 2,88,000 3,60,000
Policy Fund Value at
Maturity (Rs.) 4,01,344 4,97,184 6,71,713 9,30,931 10,02,489 15,69,610
Jumpstart Benefit (Rs.) 17,247 20,592 30,002 39,976 45,595 68,498
Total Maturity Benefit (Rs.) 4,18,591 5,17,775 7,01,715 9,70,907 10,48,085 16,38,108
Death Benefit (Rs.) 5,98,591 6,97,775 9,89,715 12,58,907 14,08,085 19,98,108
6% and 10% are assumed gross investment rates per annum on Grow Money Fund.
What are the tax benefits under this product?
You can avail of the tax benefits on the premiums paid and the benefits received
as per the prevailing tax laws under Section 80C and Section 10 (10D) of the
Income Tax Act, 1961. The tax benefits are subject to change as per 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, and 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.”
Bharti AXA Life Bright Stars Terms & Conditions
Terms and Conditions
1. If any regular premium due within the first three the Policy (provided that the nominee gives
years of the Policy remains unpaid even after the an undertaking-cum-indemnity bond) and
grace period of 30 days, the Policy lapses and all nominee is entitled to all the applicable
the benefits under the Policy cease to exist. You benefits under the Policy, viz. partial
can however, revive the Policy by paying all the withdrawals, switches, surrender, premium
unpaid premiums within a period of two years redirection & extended maturity benefit.
from the due date of the last unpaid premium. Top-ups & change in annualised regular
If the Policy is not reinstated during the premium is not allowed. Also, nomination is
Reinstatement Period, the Policy will stand mandatory where the Life insured &
terminated and the Policy Fund Value as at the Policyholder are same.
expiry of Reinstatement Period net of Surrender b. Where the Life insured and Policyholder are
Charge as on the lapse date shall be payable at different, the Policy will continue till maturity
the completion of the third Policy year or at the of the Policy and the Policyholder is entitled
end of the Reinstatement Period, whichever to all the benefits available under the Policy.
5. Top-up benefit is not available after the death of
2. If the due premiums have been paid for at least the Life insured.
three consecutive Policy years from the Policy
6. Free-look option: If you disagree with any of the
Date and subsequent premiums are unpaid, you
terms and conditions of the Policy, you have the
may reinstate the Policy within two years from the
option to return the original Policy Bond along
date of first unpaid premium by resuming
with a letter stating reasons for the objection
premium payment by paying all the unpaid
within 15 days of receipt of the Policy Bond (“the
premiums and the appropriate Premium Allocation
free-look period”). The Policy will accordingly be
Charge shall be deducted from the above
cancelled and an amount equal to the sum
mentioned payment. During the period allowed for
of (Premium Allocation Charge, Policy
reinstatement, the Policy shall continue to be in
Administration Charge, Risk Benefit Charge,
effect by levying applicable Policy Charges. At the
deducted from the Policy Fund Value) and (the
end of the allowed period for reinstatement, if you
Policy Fund Value less stamp duty and
have not opted for cover continuance option, only
underwriting expenses incurred by the
the Policy Fund Value, after deducting applicable
Company), will be refunded to the Policyholder.
surrender charges will be paid and the Policy will
terminate. In an event of death during the 7. If the Life insured under the Policy, whether
Reinstatement Period, the death benefit shall be medically sane or insane, commits suicide,
paid out. within one year of the Issue Date or the date of
reinstatement of the Policy, the Policy shall be
3. At any time during the Policy benefit period, after
void and the Company will only be liable to pay
completion of 3 Policy years, if the Policy Fund
the Policy Fund Value as on the date of intimation
Value falls below 120% of the Annualised Regular
of death and all the benefits under the Policy
Premium, then the Policy will be terminated & the
shall cease to exist including future payment of
surrender value will be paid out.
premiums by the Company.
4. In case of death of the Life insured during the
8. This is a non-participating Unit Linked Insurance
Policy benefit period
a. Where the Life insured and Policyholder are
same, the Policy will continue till maturity of
Revision of charges:
The Company reserves the right to revise the following charges from time to time, subject to the following
maximum limits, with prior approval from the Insurance Regulatory and Development Authority (IRDA):
Fund Management Charge: Growth Opportunities Fund – 2.50% p.a. of the net assets, Grow Money Fund
– 2.50% p.a. of the net assets, Save‘n’grow Money Fund – 2.00% p.a. of the net assets and Steady Money
Fund – 1.75% p.a. of the net assets.
Policy Administration Charge: Not exceeding (in any Policy year) an amount equal to compounded value
of current charge, at the rate of 5% since August 2008.
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
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 to sell / purchase the assets if
unit redemptions / allocations exceed unit allocations/redemptions 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.
Bharti AXA Life Bright Stars Risks of Investment
Risks of investment in unit-linked Policies:
• Bharti AXA Life Bright Stars is a unit-linked insurance Policy and is different from traditional insurance
• The premium in unit-linked insurance Policy are subject to investment risk associated 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 responsible for his / her decisions.
• Bharti AXA Life Insurance Company Ltd. is only the name of the insurance company and Bharti AXA Life
Bright Stars 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 performance or the returns.
• Bharti AXA Life Bright Stars does not provide for participation in the distribution of surplus or profits that
may be declared by the Company.
• Growth Opportunities Fund, Grow Money Fund, Steady Money Fund and Save‘n’grow 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.
• This product brochure is indicative of terms, conditions, warranties and exceptions 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
• Insurance is the subject matter of the solicitation.
• Bharti AXA Life Insurance Company Limited, 61/62, Kalpataru Synergy, Opposite Grand Hyatt, Vakola,
Santacruz (East), Mumbai 400 055.
• UIN: 130L016V01
• UIN for Critical Illness Benefit Rider: 130C001V01
You would like to live your life and prepare for the future with complete confidence.
We design solutions, which will protect you and your family and help you realise
At Bharti AXA Life Insurance, this is what we mean
by Financial Protection.
For further details call:
Customer Care Nos. - Toll free Nos.: 1800 425 1350
(MTNL, BSNL users) or 1800 102 4444
(Airtel, TATA, BPL, Spice Telecom - Punjab & Shyam Tel users)
Alternate Nos.: 020 40182300/020 26141350
SMS BALIFE to 56677
Log on to: www.bharti–axalife.com
Insurance is the subject matter of the solicitation.
Bharti AXA Life Insurance Company Limited
An ISO 9001:2000 Certified Company
Registered Office: 6th floor, Unit - 601 & 602, Raheja Titanium, Off Western Express Highway, Goregaon (East), Mumbai - 400 063.
www.bharti-axalife.com Registration No.: 130. Advt. No.: PB 01 April 09. UIN 130L002V01.