Bharti AXA Life Insurance, wholly owned by Bharti Life Ventures Private Limited, today announced the launch of Bharti AXA Life Growth Shield Plus. The plan is a Unit-Linked Insurance Plan designed to offer a life cover up to 100 times the annualized premium along with market-linked returns.
Bharti AXA Life Insurance, owned by Bharti Life Ventures Private Limited, launched Bharti AXA Life Growth Shield Plus. The plan is a Unit-Linked Insurance Plan that provides life insurance coverage of up to 100 times the annualised premium, as well as market-linked returns.
This solution will not only protect clients, but will also allow them to pick between investment methods and different fund options based on their investment goals and risk-return preferences. With increased aspirations and a desire to attain personal and professional objectives, the strategy will assist individuals in building wealth through intelligent investments.
Bharti AXA Life Growth Shield Plus provides additional benefits such as charge refunds and up to 30% loyalty bonuses on Fund Value. Individuals who choose the plan will receive a return of twice the premium allocation fee and up to three times the Mortality charge. Customers can also receive tax benefits on premiums paid, subject to the terms of the Income Tax Act of 1961. Customers that meet the relevant criteria can take advantage of a variety of product perks.
Murli Jalan, Chief Distribution Officer at Bharti AXA Life Insurance said, “We are delighted to launch Bharti AXA Life Growth Shield Plus. The plan is a unique offering from us, designed to provide customers the combined benefit of a Term plan and a ULIP. Our ultimate aim behind launching this new product is to enable individuals to build financial security for their family while also empowering them to grow their wealth over the long term. Customers will not need to choose between a ULIP and or a Term plan, as this product offers both the benefits.”
Bharti AXA Life’s new plan embraces the notion of ‘Best of Both Worlds’, which entails investing in one path while getting the benefits of two.
