Thursday, Apr 25 2024 | Time 16:45 Hrs(IST)
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INSURANCE- BHARTI AXA LIFE INSURANCE-LAUNCH

Bharti AXA Life Insurance launches Super Series
Mumbai, Apr 6(UNI) Bharti AXA Life Insurance, the private life
insurance joint venture between Bharti Enterprises and AXA, has
introduced a non-linked, non-par life insurance plan ''Bharti AXA
Life Super Series''.
It is a money back plan that offers a guaranteed income
which increases through-out the payout period and gives a guaranteed
lump sum payment at the start and end of the payout period. The plan
has an option to choose between Super 6 or Super 10 option depending
on the desired investment and duration period.
Under Super 6 option, a policyholder needs to pay premiums for 6
years where the duration for guaranteed money back benefits will
also be 6 years thereby offering 270 percent of ‘Sum Assured on
Maturity’ as total guaranteed benefits. While under Super 10 option
a policyholder needs to pay premiums for 10 years where the duration
for guaranteed money back benefits will also be 10 years thereby
offering 396 percent of ‘Sum Assured on Maturity’ as total
guaranteed benefits.
Launching the new product Mr. Mudit Kumar, Chief and Appointed
Actuary for Bharti AXA Life Insurance said, ''Money back life
insurance policies are popular plans as they offer dual benefits of
insurance and redemption of money at regular intervals. Bharti AXA
Life Super Series provides guaranteed income that increases every
year along with lump sum payment at the start and end of the payout
period that will help our customers to secure important milestones
of life such as education, marriage and also save for their
retirement and old age. The policy not only provides insurance and
investment but also a guaranteed return.''
UNI JS SM1545
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