Bharti AXA Life Insurance Introduces Aajeevan Anand Plan

Recently, Private sector insurer – Bharti AXA Life Insurance launched Aajeevan Anand plan. It provides guaranteed regular payouts after every 5 years and life cover until the age of 100 years.

So, Aajeevan Anand Plan covers complete insurance of 100 years with guaranteed return after every 5 years.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Bharti AXA Life Chief Marketing and Operations Officer (CMOO) - Mark Meehan, “Aajeevan Anand is a powerful financial solution that provides guaranteed regular payouts to meet various life stage needs until the age of 100.”

Aajeevan Anand of Bharti AXA Life Insurance is being recognized as a powerful financial solution also.

Further he said to the ET, “In addition to these lifelong paybacks, the product provides customers with life cover and hence is an ideal savings cum protection plan.”

So, with Aajeevan Anand plan customers can get life cover with saving-cum protection. It is a very unique insurance plan for the customers.

Mark Meehan adds, “This whole life plan is apt for salaried people since all premium payments are made in the first 10-15 years of the policy.”

It is just like a whole life plan. You can get advantages with the plan like a salaried people. You can pay the premium of the policy in installments.

In the analysis of Aajeevan Anand of Bharti AXA Life, the news portal writes, “The nominee of the policy holder would get sum assured in case of death during the policy period which is 100 years.”

Aajeevan Anand of Bharti AXA Life gives a great advantage for nominee also. Nominee of the policy can get a great advantage with death cover during the policy period which is 100 years.

Aajeevan Anand of Bharti AXA Life is one of the best insurance plans like Market Shield plan of ING Life and Pramerica MF.

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ING Life India Launched ING Market Shield ULIP

Recently, ING Life India launched a new unique Unit Linked Insurance Product - ING Market Shield. It provides the customer the opportunity to participate in the equity market while protecting investments from its downside.

An online news portal about business and economy - economictimes.indiatimes.com, quoted a statement of Rahul Agarwal, Chief Distribution Officer, ING Life India, “The new ULIP, ING Market Shield comes with unique benefits, allowing customers to maximize their returns and have adequate protection.”

Further Agarwal said, “ING Market Shield is a one of its kind unit linked insurance product. It is designed such that our customers can benefit from market's upswaing due to high equality participation, but secures their investment from losses, when the market is volatile. The plan provides the customer a Guaranteed NAV throughout the term of the product and not just at maturity unlike most available products.”

In an analysis of ING Market Shield, the news portal says, “ING Market Shield also ensures highest equity exposure throughout the term of the policy, compared to other products, therefore its is expected to generate a higher return to customers.

For a premium paying term of 5 years the minimum payable is Rs 48,000 and for a premium paying term of 10 years or the entire policy term the minimum premium payable is Rs 36,000. The plan offers premium payment in the annual mode, and customers can choose their desired life cover ranging between 10 to 20 times the annual premiums.”

About the relation of stock market with ING Market Shield, the news portal writes, “This process ensure maximum exposure to the stock market, while minimizing the downside risk and assures the Guaranteed NAV at all times through the term of the policy including death, surrender, partial withdrawals as well as Maturity benefit.”

Overall, ING Market Shield is a good new ULIP plan like Classic ULIP Plan of Reliance Life.

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