- A Non-Linked Non-Participating Life Term Insurance Plan with ‘Return of Premium’–
Bharti AXA Life
Insurance, the private life insurance joint venture between Bharti Enterprises
and AXA, one of the world’s largest insurance companies, has launched a new
term plan with ‘return on premium’ on maturity, Bharti AXA Life Income
Protection Plan. This is a Non-Linked and Non-Participating plan which ensures
that the family of the deceased policyholder receives income through annual instalments
for a select period. The plan also returns up to 120% of premiums paid at the
end of the policy term as a lump sum survival benefit, depending on the option
chosen by the policyholder at inception.

Commenting on the launch of the new plan, Mr. Mudit Kumar, Chief and Appointed Actuary, Bharti AXA Life Insurance said “A protection plan which provides income in case of unfortunate event of death and returns back all the premiums paid in case of survival was the idea behind launching ‘Bharti AXA Life Income Protection Plan’. The plan ensures that in case any thing unfortunate was to happen, the family continues to receive an income so that they can fulfil their needs and sustain their lifestyle. The product design is simple and one can acquire the policy in just four easy steps. At Bharti AXA Life, we are working towards building customer focused products aimed to not only address their concerns but also simplify insurance for them.”
The policy holder, at the time of claim, will
receive assistance from the Dedicated Claims Handler for every stage of claim
settlement and can also access the recently launched Grief Support Program
wherein a claimant can voluntarily seek emotional counselling, financial
planning and legal advice from qualified practitioners.
0 Comments