Bharti AXA partners with PolicyBazaar to launch unit linked, non-participating life insurance plan

Speaking at the launch of the product, Nitin Mehta, Chief Customer Officer and Head – Marketing, Digital business & Online sales at Bharti AXA Life Insurance said, “Along with life cover, we have put a special emphasis on capital formation requirement of the customers by offering best-in-industry investment funds. As Indian market continues to achieve stellar growth among other global economies, this plan provides a great opportunity for customers to compound their wealth and play their part in scripting India’s growth story."

Adding to the significance of the product and this partnership, PolicyBazaar’s Chief Business Officer, Santosh Agarwal said, “We believe that this partnership will create value for both the entities and help each other cater to our customers with this uniquely valuable product.”

The maximum maturity age for availing the plan is 65 years across all kinds of premium paying terms. The premium range begins with minimum of Rs 2,000 on monthly mode. The plan also presents the customers with the flexibility to choose from different premium modes according to their convenience, ranging from monthly to yearly basis.

To ensure optimum returns for the customers, the plan provides the customers with a total of eight funds, comprising best-in-class funds in the market which have been among the top-performing funds in the market for past few years. Customers also have the facility to choose any or all of the eight investment funds. Out of the eight funds, Bharti AXA Life recently released its first mid-cap fund – Emerging Equity Fund organization with an aim to provide long-term capital appreciation through investing in a portfolio of mid-cap companies.