Bright Stars Power Plus and Wonder Years Retirement Plan Launched by Bharti AXA Life

Recently, Bharti AXA Life announced to launch two new insurance plans - Bright Stars Power Plus and Wonder Years Retirement Plan.

Wonder Years Retirement Plan is a retirement plan of Bharti AXA Life. It is a traditional product and offer combined benefits of guaranteed returns and life insurance cover.

Bright Stars Power Plus is a child plan of Bharti AXA Life. The insurance plan is featured with protecting and building savings for the child's key lifestages.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Bharti AXA Life Chief Marketing & Operations Officer Mark Meehan,

“Both the products are based on extensive consumer research and hence address the needs highlighted by customers. They have been specifically designed to provide returns at the key life stages.”

So, both products have been introduced after having researched of market and consumers’ requirement. The plans have been designed to provide returns at the key life stages.

The news portal writes about the insurance plans,

“While the retirement plan - Bharti AXA Life Wonder Years Retirement Plan - will be a traditional product and offer combined benefits of guaranteed returns and life insurance cover.

The child plan - Bharti AXA Life Bright Stars Power Plus - would have the features that protects and build savings for the child's key lifestages.”

So, these insurance plans are compatible with new requirement of customers. These are as impressive as Samridhi Plus of LIC.

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Samridhi Plus Launched by LIC under ULIP Portfolio

Recently, Life Insurance Corporation of India launched - Samridhi Plus. It is launched under unit linked portfolio. It is aimed to offer insurance protection, safety and growth.

An online news portal about business and economy - economictimes.indiatimes.com, writes about the Samridhi Plus,

“The minimum age at entry level for Samridhi Plus is 8 years while the maximum age is 65 years.

The minimum premium ranges from Rs 1500 (monthly - ECS) to Rs 30,000 (single premium) depending on the mode of payment while the maximum is Rs 1 lakh per annum under any mode for the 5 year premium paying term.”

So, LIC has minimized and maximized the age of entry level for the Samridhi Plus. There is 8 years minimum age and 65 years maximum age for the insurance policy.

Premium of Samridhi Plus is also affordable and flexible which starts from 1500 monthly amount. There is 1 lakh per annum under any mode for the 5 year premium paying term.

It quotes a statement of LIC also,

“Samridhi Plus safeguards policyholders' investment from market fluctuations. Accident benefit option is also available under this plan that will be equal to the life cover up to a maximum of Rs 50 lakh; subject to certain conditions. The policy term for the plan is fixed for 10 years.”

So, there is an accident benefit option also under this plan. It will be known as equal to the life cover up to a maximum of Rs. 50 lakh. It is fixed for 10 years for the policy term.

Samridhi Plus is launched with the new aspect of flexibility in the insurance sector. You are able to choose it according to your needs and requirement. The plan is really impressive for all age. The plan is as impressive as Life Shield Platinum and Aviva Dhan Varsha of Aviva Life Insurance.

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