Bharti AXA Monthly Income Plan

Recommendations :No

Name of the policy :
Bharti AXA Monthly Income Plan

A brief desciption :

Bharti AXA Monthly Income Plan is a traditional endowment plan catering to your income needs in case of unfortunate demise of the sole earning member of the family. It pays the sum assured to the policyholder/nominee in equal monthly installments instead of a lump sum payment. As far as survival benefit is concerned, taking into account the high premiums charged by the scheme, the overall net returns that accrue to the policyholder for the entire policy term are mediocre. So its advisable to stay away from this plan.

Started date :10/6/2011
Type of policy :Insurance cum Investment
Category :Traditional-Endowment Plan
Insurance :Min- 126000 for PPT= 30, 180000 for PPT=25, 192000 for PPT=15
Returns expected :Less than Fixed Deposit
Entry age :0-65 Years
Surrender :Guaranteed Surrender Value= 30% of all premiums paid - 1st year's premium
Minimum amount :Min- 7,500 For PPT 30, 18,000 for PPT=25, 23,000 for PPT=15 Max- No limit

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Table of Contents

Table of Contents