Bharti AXA Life has launched money-back plan – ‘Bharti AXA Life Monthly Income Plan’.
Sailent Features of ‘Bharti AXA Life – MIP’ –
1- Guaranteed Monthly Income
Guaranteed Monthly Income after the completion of the Premium Payment Term, until maturity, provided the policy is in force.
2- Family Income Support Benefit
In case of the unfortunate death of the Life Insured, Monthly Income is payable to the nominee from the next policy month onwards and continues for the next 8 or 15 years depending on the policy term option chosen at inception of the policy.
3- Bonuses
Insured will receive Annual Reversionary Bonus, if declared, on maturity or death.
Other Features of Bharti AXA Life’s MIP –
Minimum Age at Entry – 0 years
Maximum Age at Entry – 65 years
Maximum Maturity Age –The maximum maturity age depends on the policy benefit period
– 95 years for 30 year policy term
– 90 years for 25 year policy term
– 80 years for 15 year policy term
Minimum Monthly Income –
– 700 for 30 year policy term
– 1000 for 25 year policy term
– 2000 for 15 year policy term
Minimum Annual Premium –
– 23000 for 15 year policy term
– 18000 for 25 year policy term
– 7500 for 30 year policy term