Bharti AXA Life Insurance launches Wealth Maximizer – a return of all charges ULIP plan – exclusively available on Policybazaar

• The only plan in the ULIP category providing 118% return on all charges applicable during the premium paying term
• Backed with the bouquet of best-performing funds in the market to provide customers with great returns along with life insurance protection

Gurgaon, 22 September 2023: With the aim of catering to the twin needs of the customers, i.e. financial security and wealth creation, Bharti AXA Life Insurance has partnered with Policybazaar to launch Wealth Maximizer, a one-of-its-kind ULIP plan in the industry. The unit-linked, non-participating individual life insurance plan is the only plan in the ULIP category providing 118% return of all charges applicable during the premium paying term such as premium allocation charges, admin charges, fund management charges, etc., ensuring a guaranteed refund of 118% on 100% payment of fund charges.

Along with return on all charges, the fund is also offering Loyalty Additions of 0.2% of the fund value credited to the fund at the end of each policy year up to maturity to reward the patronage of the customers. The plan, in addition to the significant investment value, also provides the customers with a crucial life cover of Rs. 12,00,000 to shield the financial future of their loved ones.

Speaking at the launch of the product, Santosh Agarwal, Chief Business Officer – Life Insurance, Policybazaar.com said, “We are truly elated to partner with Bharti AXA Life in bringing Wealth Maximizer plan among our precious customers. With our shared synergies and goal to make insurance accessible and simplified for all, we believe that this partnership will create value for both entities and help each other cater to our customers with this uniquely valuable product.”

Adding to the significance of the product and this partnership, Nitin Mehta, Chief Customer Officer and Head – Marketing, Digital Business & Online Sales at Bharti AXA Life Insurance said, “Bharti AXA Life Wealth Maximizer has been created with benefits previously unavailable in any ULIP plan to help our valued customers realize their financial goals, which often changes with time and circumstances. Along with life cover, we have put a special emphasis on capital formation requirement of the customers by offering best-in-industry investment funds. As Indian market continues to achieve stellar growth among other global economies, this plan provides a great opportunity for our customers to compound their wealth and play their part in scripting India’s growth story. With Policybazaar onboard, we believe this association will enable us to connect with a wider range of customers and deliver the benefits of the product.”

The eligibility criteria for availing the plan begins with the minimum age of 3 years till the maximum maturity age of 65 years for all kinds of premium paying terms. The premium range begins with a minimum of Rs. 2,000 and Rs. 6,000 on monthly and annual premium payment modes respectively. The plan also presents the customers with the flexibility to choose from different premium modes according to their convenience, ranging from monthly to yearly basis.

To ensure optimum returns for the customers, the plan provides the customers with a total of eight funds, comprising best-in-class funds in the market which have been among the top-performing funds in the market for the past few years. Customers also have the facility to choose any or all of the eight investment funds. Out of the eight funds, Bharti AXA Life recently released its first mid-cap fund – Emerging Equity Fund organization with an aim to provide long-term capital appreciation through investing in a portfolio of mid-cap companies.

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 About Policybazaar (www.policybazaar.com)

Policybazaar.com is one of India's largest insurance marketplaces. It is the flagship platform of PB Fintech, which owns the fintech brand, Paisabazaar.com, and the lending & insurance marketplace in the UAE region, Policybazaar.ae. The Policybazaar.com Group has backing from a host of investors including the likes of PE funds and other family offices. Policybazaar.com started with the purpose to educate people on insurance products and with its offerings has addressed the large and highly underpenetrated online insurance markets.