Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, the worldâ€™s largest insurance company, today announced the launch of two new plans â€“ â€˜Bharti AXA Life Future Invest, a limited pay plan focused on wealth creation and Bharti AXA Life Power Kid Insurance Plan, a unit linked, comprehensive child planâ€™. According a research conducted recently, securing childâ€™s future is one of the top reasons why customers buy Life Insurance- especially in the context of educational expenses. In addition to this, inflationary pressure is adding importance to wealth creation that will help beat the rising costs.
Bharti AXA Life understands this challenge faced by the customers today and has thus launched two new Unit Linked Insurance Plans. Announcing the launch, Sandeep Ghosh, CEO – Bharti AXA Life Insurance, said, â€œTaking into account all the expenses involved towards a childâ€™s education and the need to secure his future; Bharti AXA Life Power Kid Insurance Plan focuses on young parents encouraging them to start planning for their childrenâ€™s future lifestage needsâ€
He further added, â€œWhile Bharti AXA Life Power Kid Insurance plan is a comprehensive financial solution to secure your childâ€™s future, Bharti AXA Life Future Invest provides long term wealth creation through a limited premium payment term.Â A stand out feature of this product is the zero allocation charge ensuring higher investable inflows in to the fund.â€
Bharti AXA Life Power Kid Insurance Plan has multiple benefits. Itâ€™s been specially designed to ensure that a childâ€™s key lifestage needs are met, while also protecting his/ her future against any unforeseen events. Some of its unique features are – Career development Allowance, Emergency Allowance and Education Allowance. In case something unfortunate were to happen to you as the policyholder, all the future premiums will be paid by Bharti AXA Life into the investment fund and the Policy will remain in force.
Bharti AXA Life Future Invest promises long term gains over a short-term premium payment term. It is a unit-linked plan that lets you accrue the benefits for the policy term of 10 years while you pay premiums only for 5 years. Unlike the other options available in the market in the same category, Zero allocation charges in Bharti AXA Life Future Invest ensures that all your hard earned money is put where it should be â€“ in investments.