Bharti AXA Life Insurance has announced the launch of a new participating savings product – Bharti AXA Life Unnati – that offers four plan options. The ‘Whole Life Income’ option provides guaranteed income starting from the second year onwards with cash bonuses (if declared) till age 100 years. The ‘Endowment’ option provides lumpsum benefit at the end of the policy. The ‘Moneyback’ option gives an amount equal to one annualised premium every fourth year during the policy term along with a lumpsum amount at the end of the policy term. Lastly, the ‘Immediate Income’ option provides regular income in form of cash bonuses (if declared), from the second policy year and provides a lumpsum amount at maturity.
