Bharti AXA Life introduces new savings product. details here

Bharti AXA Life Unnati is a comprehensive product that offers four plan options, flexible premium payment terms and many add-ons in terms of riders. This allows the customers to customize the product as per their needs and life goals.

Speaking on the launch of Bharti AXA Life Unnati, Mr. Parag Raja, Managing Director and Chief Executive Officer, Bharti AXA Life said, “At Bharti AXA Life we ​​have nurtured a culture of persistence in our vision to provide innovative solutions to the customers. assimilated. . Keeping in mind the evolving needs of the customers, we have designed Unnati – a comprehensive life insurance plan for the customers at every life stage. It not only provides immediate assured income option and protection till the age of 100 years but also helps the clients to overcome the uncertainties in meeting key life goals.”

There are four plan options offered under this plan:

Whole Life Income Option: Provides guaranteed income starting from the second year with cash bonus (if declared) till the age of 100 years. It is a ‘4G’ plan that can help cover expenses for three generations and offers guaranteed returns. Hence, this scheme is suitable for people in the age group of 35-50 years who need to support their parents, children and have additional income.

Endowment Options: Provides lump sum benefit, which helps the policyholder to meet long-term goals. The plan option also offers two variants – one in which the premium is waived off in case of death of the life assured and the other with the option of higher life cover. It is suitable for customers who wish to meet a specific goal with a lump sum amount at the end of the policy such as higher education of the child, down payment for the house, enjoying an overseas holiday and much more.

Moneyback Option: Provides a guaranteed moneyback equal to one annual premium every fourth year during the policy term along with a lump sum amount at the end of the policy term. It is ideal for customers who do not want lock-in for a long period and instead wish for large returns at regular intervals.

Instant Income Option: Provides regular income in the form of cash bonus (if declared) from the second policy year and lump sum amount on maturity. This scheme helps to increase the income of the customer and meet their immediate needs which their salary may not be able to provide.

In all these options, the death cover is applicable throughout the policy term and in case of unfortunate death of the Life Assured, the death benefit is paid to the family (nominee or beneficiary).