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

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