Bharti AXA Life Insurance launches 'Income Laabh': Check key features

The newly launched plan provides customers a steady stream of guaranteed income for 10 to 12 years, depending on the policy term they choose. It starts with an initial income pay-out equivalent to 100 percent of the annual premium paid by the policyholder. After 5 years, for those opting for a 10-year policy term, the income increases to 150 percent. Similarly, for a 12-year policy term, the income sees a boost of 200 percent after 6 years.

Additionally, in the last year of the income period, the policyholder or nominee will get a guaranteed lump sum amount, offering the means to achieve significant life goals.