Mr. R.K. Nair, member of Insurance Regulatory and Development Authority (IR...
Bharti Axa Life Insurance has launched a with-profits endowment insurance policy called Bharti AXA Life Young India Plan. This policy which offers guaranteed returns, is targeted at young adults with a positioning of ‘Jeevan Suraksha Ka Naya Nazariya’. The plan has a good feature of providing for an increase of upto 25 times the base Sum Assured on reaching the milestones of marriage and child-birth, without any additional medical tests.
(Read complete policy details of Bharti Axa Life Young India Plan)
Managing director and CEO of Bharti Axa life insurance Mr.Sandeep Ghosh said that this plan focuses on the young generation of today and basically their needs at the time of marriage and childbirth which is quite a tough milestone. Research has shown that marriage and birth of child in the family are key milestones in the customers’ life where they need additional money to meet the requirements and added protection to secure their family against any unforeseen event
Explaining about the new policy, Mr.Ghosh further added that a policy holder can get his money back in form of “Good times money back” on request. Moreover the policyholder can also go for premium waive-off facility whereby in case of sudden death or any unexpected calamities all future premiums of the policyholder gets waived off. On maturity of the policy, the policyholder can get 200 times of the maturity value or the sum assured.
Bharti AXA Life Insurance Company Ltd is a joint venture between Bharti Enterprises and AXA, world leader in financial protection and wealth management. Very few life insurance companies offer flexible and innovative features like Young India Plan from Bharti AXA.