Bharti AXA Life launches 'InvestConfident'

Mumbai, May 9 (UNI) Bharti AXA Life, the private life insurance joint venture between Bharti Enterprises&AXA, today announced the launch of its first single premium unit-linked product ''InvestConfident''.

This is the third market-linked product from the company following the launch of FuitureConfident and WealthConfident.

Bharti AXA Life CEO Nitin Chopra said, ''This single premium unit-linked plan, provides an ideal platform to cater simultaneously to the investment and protection needs of premium consumer segments like professionals, entrepreneurs and the business community, who have variable incomes or one-time surpluses.'' The product offers a value proposition for customers from the investment perspective, by adding additional units to the policy every five years starting from fifth policy year until maturity.

After the fifth policy year, the policy offers 1.5 per cent addition of the Policy Fund Value, while from the 10th year and every five years thereafter, the addition amounts to two per cent.

''In addition to providing customers insurance protection, the policy provides them an opportunity to remain invested in the markets with a unique loyalty benefit of addition of units from the fifth policy year - all with a one time premium payment'', Chopra added.

On the protection side, with the benefit period extending upto 70 years of age, InvestConfident offers accidental death benefit of Rs 5,00,000 in addition to life cover amounting to five times the single platform.

Bharti Enterprises is a diversified group having interests in telecom, agri-business, insurance and retail. Whereas AXA is a global player in Financial Protection. AXA's operations are diverse geographically with major thrust in Western Europe, North America and the Asia Pacific areas.

UNI