Bharti AXA Life launches two products

MUMBAI: Private insurer Bharti AXA Life Insurance today launched two new products, namely, Bharti AXA Life Future Invest and Bharti AXA Life Power Kid Insurance Plan.

While 'Life Future' is a limited pay plan focused on wealth creation, 'Life Power Kid Insurance Plan' is a unit-linked, comprehensive child plan.

"Taking into account all the expenses involved towards a child's education and the need to secure his future, the Power Kid Insurance Plan focuses on young parents encouraging them to start planning for their children's future against any unforeseen events," Bharti AXA Life Insurance CEO Sandeep Ghosh said in a statement issued here.

Bharti AXA Life Future Invest provides long term wealth creation through a limited premium payment term, he said.

"The unique feature of Bharti AXA Life Future Invest is the zero allocation charge ensuring higher investable inflows in to the fund," he added.

Bharti AXA Life Insurance Company is a joint venture between Bharti Enterprises and AXA, leading global financial protection and wealth management provider.

Bharti Enterprises has a 74 percent stake in the joint venture company while AXA Asia Life has 26 per cent.