Bharti AXA Life Aajeevan Sampatti

Recommendations :No

Name of the policy :
Bharti AXA Life Aajeevan Sampatti

A brief desciption :

Bharti AXA Life Aajeevan Sampatti is a traditional endowment whole life plan providing guaranteed annual payouts at periodic intervals until he/she attains the age of 100 years. The scheme promises to pay an amount equivalent to 5.5% of the basic sum assured to the policyholder, every year, starting from the 11th policy year till the policyholder attains the age of 100 years or until his/her survival, whichever is earlier. However the annual guaranteed returns @ 5.5% are not appealing enough in the current environment, especially when banks are offering more attractive interest rates on term deposits and as far as insurance cover is concerned a simple term plan provides larger cover at a premium way below this plan. So it is advisable to stay away from this product.

Started date :5/12/2011
Type of policy :Insurance cum investment
Category :Traditional-Endowment Whole Life Plan
Insurance :Min- 1 lakh Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :91 days- 60 years
Surrender :Guaranteed Surrender Value= 30% of all premiums paid - 1st year's premium
Minimum amount :Min- 15,379 for PPT=10, 9,100 for PPT=15 Max- No limit

Fintotal Product Analysis is the ideal place to seek unbaised and neutral view on all financial products.

Do not get fooled by agents and distributors, just check here before you make any purchases.


Explore more in a easy manner.


Table of Contents

Table of Contents