Bharti AXA ULIP Plans
Bharti AXA is an insurance company formed through a joint effort of the business group, Bharti and a worldwide leader in insurance and financial markets, the AXA Group. Operating across 59 locations since 2008, Bharti AXA offers some of the best insurance plans available in the market.
Bharti AXA offers a single Unit-linked Insurance Plan (ULIP) that is aimed towards providing life insurance cover as well as growth of investment. can be considered a wise investment decision as it offers the dual advantage of market linked returns and life insurance coverage.
Bharti AXA offers the following Unit Linked Life Insurance Plan(s):
1. Bharti AXA e-Future Invest:
A lucrative Unit-linked Life Insurance plan that offers and ensures growth of investment through guaranteed loyalty additions with affordable premium rates. The important features and benefits of the plan include:
- The entry age for this plan can be as low as 18 years or as high as 60 years
- The maturity age for this plan can be a minimum of 28 years, while the maximum age of the policyholder can be 70 years as on the last birthday
- The policy term for this plan is fixed at 10 years
- This plan comes with a single premium as well as limited premium paying policy and the premium payment term can be one-time in lump sum or over a period of 5 years
- Premium payment frequency for the plan can be either yearly, half yearly, quarterly or monthly
- There are six different funds which can be invested in, and the ratio of premium division can be changed as per the risk appetite of the customer
- Partial withdrawal is permitted after 5 years of continuation
- The plan offers tax benefits, maturity benefits, death benefits and surrender benefits
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
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