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Bharti AXA Life endowment plans are designed to cater to the needs of policyholders who are looking to receive a profit from their policies in addition to their life insurance coverage. Endowment plans offered by Bharti AXA Life provide policyholders with the chance to receive a lump sum amount on maturity of the policy, or in the unfortunate event of the death of the policyholder during the policy term, the nominees will receive a lump sum (death benefit).
The features and benefits of a Bharti AXA Life Endowment Plan are as follows:
The new endowment plan offering by Bharti AXA Life is the Bharti AXA Life Flexi Save Plan.
This is a traditional, limited pay participating life insurance policy that offers policyholders a savings withdrawal option as well as other benefits such as a maturity benefit.
|Policy term||20 years||25 years||30 years|
|Premium payment term||5 pay||7 pay||12 pay|
|Policy||Entry age||Maturity age||Premium|
|Bharti AXA Life Flexi Save||8 years for 20 year policy term 3 years for 25 year policy term 0 year for 30 year policy term||85 years||Minimum annual premium: For 20 year term- Rs.30,000 For 25 year term- Rs.24,000 For 30 year term- Rs.15,000|
Bharti AXA Life Endowment Plans offer policyholders a comprehensive range of coverage as well as add-ons that provide complete protection. In addition to the ease of accessibility and high claim settlement ratio, there are a host of tax benefits that can also be availed, which are as follows:
An endowment plan is also a prudent way to provide for one’s family in the event of unforeseen circumstances as they offer a host of benefits in addition to basic life cover, thereby enhancing savings.
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