Bharti AXA Life launches 'Flexi Save' plan

MUMBAI: Private insurer Bharti AXA Life Insurance today launched a traditional participating endowment plan - Bharti AXA Life Flexi Save - that provides the policy holder a lump sum benefit at maturity with life insurance cover.

"Flexi Save is the first product launch as per the new IRDA guidelines on traditional plans. The plan offers policy holders the chance to withdraw their savings at life stages best suited to them, which would assist them in achieving their long term goals in life," Bharti AXA Life Insurance Managing Director and CEO Sandeep Ghosh said in a release issued here.

It also provides flexibility to the customer to modify the policy maturity date and withdraw their savings with full maturity benefits, based on their needs.