Bharti AXA Life Insurance, a joint endeavor between Bharti Enterprises, and AXA, one of the world’s biggest insurance companies, reported the launch of Bharti AXA Life Wealth Pro, a unit-linked individual insurance plan. As indicated by the insurance agency, the unit connected arrangement offers triple advantages of savings, improved protection and assurance, and market-connected returns.
The insurance company stated that the new and value stacked ULIP(Unit Linked Insurance Plan) assists clients with planning and accomplishing their monetary achievements according to the evolving life-stages alongside financial security for their families. The unique proposition of Bharti AXA Life Wealth Pro is that it offers triple advantages of savings, protection, and investment within a single solution. Parag Raja, Managing Director and Chief Executive Officer of Bharti AXA Life Insurance mentioned that to avoid the hassle of choosing from multiple protection and investment products, Bharti AXA Life Wealth Pro gives a protection-oriented investment solution that provides multifold benefits from helping policyholders plan their finances prudently at different stages of life to providing risk cover on the loss of life and that the company is confident about their new ULIP shall allow customers to focus on their life and long-term wealth creation goals with strategic investment options to maximize savings for their future.
The plan gives assurance and wealth creation profits from an early age of 91 days up to the age of 99 years by paying premiums either for a restricted duration or once at the beginning of the plan.
The insurance company mentioned that the plan has two variations Growth and Legacy. In the Growth variant, the clients have three policy term decisions, ten, 15, or 20 years, and can pay the premium once or for five, seven, ten, 15, or 20 years. While the client decides to pay a premium once, he/she can pick higher life insurance coverage of 10 times life insurance coverage. The Legacy variant additionally furnishes the policyholder with a life insurance coverage of 10 times the annualized premium all through the policy term as long as 99 years old and legacy support for his/her friends and family. Under this, the client needs to pay premiums for five, seven, ten, or till 60 years old.
Chief Executive Officer Parag Raja stated that in these difficult occasions, Bharti AXA Life Wealth Pro is not only giving its esteemed clients an assurance of regular income and market-connected returns yet additionally advancing them with benefits according to their necessities.