Bharti AXA partners with PolicyBazaar to launch unit linked, non-participating life insurance plan

“The unit-linked, non-participating individual life insurance plan is the only plan in the ULIP category providing 118 percent return of all charges applicable during the premium paying term such as premium allocation charges, admin charges, fund management charges, etc., ensuring a guaranteed refund of 118 percent on 100 percent payment of charges, Bharti AXA said in a statement.

Along with return of all charges, after the premium payment term, the fund is also offering loyalty additions of 0.2 percent of the fund value credited to the fund at the end of each policy year up to maturity to reward the patronage of the customers. The plan, in addition to the significant investment value, also provides the customers with a crucial life cover of 10 times the annual premium to shield the financial future of their loved ones, it said.

The maximum maturity age for availing the plan is 65 years across all kinds of premium paying terms. The premium range begins with minimum of Rs 2,000 on monthly mode. The plan also presents the customers with the flexibility to choose from different premium modes according to their convenience, ranging from monthly to yearly basis.

To ensure optimum returns for the customers, the plan provides the customers with a total of eight funds, comprising best-in-class funds in the market which have been among the top-performing funds in the market for past few years. Customers also have the facility to choose any or all of the eight investment funds. Out of the eight funds, Bharti AXA Life recently released its first mid-cap fund – Emerging Equity Fund organization with an aim to provide long-term capital appreciation through investing in a portfolio of mid-cap companies.