Future Invest is a ULIP with Zero Premium Allocation Charge. Pay the premium for 5 years and enjoy coverage for 10 years
Bharti AXA has added yet another offering to its wide array of products. ‘Future Invest’ is the new plan launched by the private insurer aimed to address long-term wealth creation needs of prospective customers.
Policy allocation charge is the amount that gets deducted directly from the premiums paid and the rest of the money gets invested in the funds chosen. Unlike in most other Unit-linked insurance plans, there are no charges for premium allocation in the Future Invest plan.
Key Highlights of Bharti AXA Future Invest plan:
. Pay the premium for 5 years and accrue benefits for 10 yrs
. 2 Life Insurance Benefit options
. Zero premium allocation charges
. Min monthly premium as low as Rs 1,500
. In-built Accidental Death Benefit (Only Option B)
. Policy allocation charge
. Extendable Investment Period of up to 5 yrs
. Liquidity Benefit from Partial Withdrawals after 5 yrs
Read a detailed review of Bharti AXA Future Invest Plan
How does this work?
The policyholder has to pay monthly, quarterly, half-yearly, or yearly premiums through ECS for the initial 5 years while the policy continues for 10 years. Depending on the financial objectives, there are 6 investment fund options to choose from. On maturity, the policy Fund Value is paid to the policyholder. At this time, the policyholder can also take benefit of the extendable investment option, and choose to stay invested in the funds for additional 5 years after maturity.
In case of an urgent requirement for money, a policyholder can make partial withdrawals after 5 years.
About Bharti AXA Life Insurance:
Bharti AXA Life Insurance Company is a joint venture between Bharti Enterprises and the Paris-based AXA Group and started its operations in India in the middle of 2006.
