Bharti AXA Life Insurance and PolicyBazaar have together launched the Bharti AXA Life Wealth Maximizer, a one-of-a-kind Unit Linked, non-participating individual life Insurance Plan (ULIP). It is the only plan in the ULIP category providing 118 per cent 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 per cent on 100 per cent payment of charges.
Along with return of all charges, after the premium-payment term, the fund also offers loyalty additions of 0.2 per cent 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 customers with a crucial life cover, 10 times the annual premium, to shield the financial future of their loved ones.
Speaking at the launch of the product, Nitin Mehta, Chief Customer Officer and Head – Marketing, Digital business and Online Sales, Bharti AXA Life Insurance, said, “Bharti AXA Life Wealth Maximizer has been created with benefits previously unavailable in any ULIP plan, to help our valued customers realise their financial goals, which often change with time and circumstances. Along with life cover, we have put a special emphasis on the capital-formation requirement of customers by offering the best-in-industry investment funds. As the Indian market continues to achieve stellar growth among other global economies, this plan provides an opportunity for our customers to compound their wealth and play their part in scripting India’s growth story. With PolicyBazaar onboard, we believe this association will enable us to connect with a wider range of customers and deliver the benefits of the product.”
The maximum maturity age for availing the plan is 65 years across all kinds of premium-paying terms. The premium range begins with a minimum of Rs 2,000 on the monthly mode. The plan also presents customers with the flexibility to choose from different premium modes according to their convenience, ranging from a monthly to yearly basis.
Santosh Agarwal, Chief Business Officer, PolicyBazaar, said, “We are truly elated to partner with Bharti AXA Life to bring the Bharti AXA Life Wealth Maximizer plan amongst our precious customers. With our shared synergies and goal to make insurance accessible and simplified for all, we believe that this partnership will create value for both the entities and help each other cater to our customers with this valuable product.”
