Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, one of the world’s largest insurance companies, introduces a unique traditional non-participating plan- Bharti AXA Life Elite Advantage. The plan provides the policyholder with guaranteed regular income payouts with a choice to choose the frequency of the payout (Quarterly, Semi Annual or Annual). Besides the regular payouts the customer also receives a guaranteed lump sum amount at maturity.
Announcing the launch, Sandeep Ghosh, MD & CEO, Bharti AXA Life Insurance said, “Amidst intensifying inflation coupled with rising daily expenditures, Indian households are struggling with inadequate savings. The Indian consumer is looking for investment solutions that supplement the regular household income to meet the ever increasing demands of the family. Bharti AXA Life Elite Advantage is a plan designed for such individuals who desire for a stable income along with long term insurance coverage.”
Bharti AXA Life Elite Advantage plan allows the policyholder to choose from three premium payment terms comprising of 5 years, 7 years or 12 years. At the end of the policy term maturity payment period will start during which a guaranteed payout of 8.5% – 9.5% of Sum Assured will be paid. At the end of the 20th year, 100% of the sum assured will be paid to the policyholder.
