Bharti AXA Life launches new Retirement and Child Plans

On the other hand, Bharti AXA Life Bright Stars Power Plus is a customized solution that protects and builds savings for your child’s key lifestages.

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, world leader in financial protection; recently announced the launch of two new product offerings- a traditional retirement plan and a comprehensive child solution. Bharti AXA Life Wonder Years Retirement Plan offers combined benefits of guaranteed returns and life insurance cover. On the other hand, Bharti AXA Life Bright Stars Power Plus is a customized solution that protects and builds savings for your child’s key lifestages. Commenting on the launch, Mark Meehan, Chief Marketing & Operations Officer said, “Research shows that Retirement and Child’s Future are the most important triggers for Life Insurance in India. 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.” “We continuously keep our ear to the ground when it comes to our customers’ thoughts on retirement. Retirement Scope a study that we do across the globe, brings to light perception and preparedness for life after retirement amongst customers- The India specific findings have helped us design the right retirement products to suit their needs. Our first retirement plan post the new regulations, Bharti AXA Life Wonder Years Retirement Plan, a traditional participating product, provides for financial independence by combining guaranteed retirement pay-outs and bonuses,” added Meehan. Commenting on the launch of Bharti AXA Life’s Bright Stars Power Plus, Mark Meehan added, “The new Bright Stars Power Plus combines the benefits of three of our best in class products – Bharti AXA Life Bright Stars Edge, Bharti AXA Life Family Income Secure and the Bharti AXA Life Premium Waiver rider. This new proposition will help build savings for child’s key lifestages plus provide the family with a triple benefit of Sum Assured, Waiver of Premium and Annual income support in case something unfortunate were to happen”