Bharti AXA Life Insurance coverage, a three way partnership between Bharti Enterprises, and AXA, one of many world’s largest insurance coverage corporations, on Monday introduced the launch of Bharti AXA Life Wealth Professional, a unit linked particular person insurance coverage plan.
This affords triple advantages of normal financial savings, enhanced safety and market-linked returns, it mentioned in an announcement.
“The brand new and value-loaded ULIP helps clients plan and obtain their monetary milestones as per the altering life-stages together with monetary safety for his or her households,” it mentioned.
The plan supplies safety and wealth creation advantages from an early age of 91 days as much as the age of 99 years by paying premiums both for a restricted period or as soon as on the graduation of the plan.
The plan has two variants Development and Legacy.
Within the Development variant, the shoppers have three coverage time period selections, ten, 15 or 20 years, and will pay premium as soon as or for 5, seven, ten, 15 or 20 years.
Whereas the client chooses to pay the premium as soon as, he/she will be able to go for larger life insurance coverage protection of 10 occasions life insurance coverage cowl, it was acknowledged.
The Legacy variant additionally supplies the policyholder with a life insurance coverage cowl of 10 occasions the annualised premium all through the coverage time period as much as 99 years of age and a legacy fund for his/her family members.
Below this, the client has to pay premiums for 5, seven, ten or until 60 years of age, the assertion added.