The Wealth Confident Plan of Bharati AXA Life Insurance is a unit linked investment plan as well as a protection plan. This plan comes with flexibilities of premium payment and limited premium payment periods. It also provides special additions and life insurance benefits. Not only makes the money of the investor grow but also gives special treatments to the investments.
Those who invest with the key objective of maximizing the wealth the Wealth Confident Plan of Bharati AXA Life Insurance are perfect option for those. The key features of Wealth Confident Plan of Bharati AXA Life Insurance are as follows:
- The premiums are to be paid for 5 years while the policy continues for 10 years.
- The allocation of the premium is available up to 88% of investment.
- The special additions of units are added every year form the 6th year for increase in wealth creation.
- The customer can make a choice from the 4 different investments to meet the financial objectives.
- This policy gives 5 times of the life cover of the annual premium.
- The policy comes under the tax benefit under 80C and 10(10D).
The key benefits of Wealth Confident Plan of Bharati AXA Life Insurance are as follows:
As life insurance benefit
- If there is any unfortunate event like the death of the policy holder the net of the partial withdrawals made on regular premiums in 12 months previous to the death of the life insured is payable and the policy will stop to exist.
- At the end of the 6th to 8th of the policy year 0.50% and 9th to 10th year is 1.00%.
As maturity benefit
- This policy gives the flexible options to withdraw the policy fund value at maturity of the policy.
- The customer can take the entire fund value at the maturity as lump sum payment.
- The insured can take the fund value at maturity in installments over the coming 5 years.