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Which insurance is best for savings?

Posted on February 11, 2020 by Author

Table of Contents

  • 1 Which insurance is best for savings?
  • 2 What is Elite Advantage plan in Bharti AXA?
  • 3 What is a savings life insurance plan?
  • 4 How do I choose a savings plan?
  • 5 Can we cancel Bharti AXA Life Insurance policy?
  • 6 How can I cancel my Bharti AXA Life Insurance policy?

Which insurance is best for savings?

Best Savings Plans in India

Plan Name Plan Type Maximum Maturity Age
SBI Life Smart Wealth Builder Plan Unit Linked Insurance Plan 70 years
HDFC Life Pension Super plus Plan Unit Linked Pension Plan 75 years
Future Generali Select Insurance Plan Unit Linked Insurance Plan 70 years
MetLife Money Back Plan Money Back Plan 65 years

What is Elite Advantage plan in Bharti AXA?

Bharti AXA Life Elite Advantage. A plan that offers Guaranteed Payouts# of 8.5\% to 9.5\% of Sum Assured on Maturity from the end of the policy term and 100\% Sum Assured at Maturity*. It also provides comprehensive protection until the end of the policy term.

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What is the surrender value of Bharti AXA policy?

Guaranteed Surrender Value: Provided that the Premiums have been paid for at least first three Policy Years, the Policy acquires a minimum guaranteed Surrender Value which is equal to 30\% (Thirty percent) of all the Premiums paid excluding the Premium paid for the Policy in the first Policy Year and all extra premium ( …

What is a savings life insurance plan?

Savings plans are financial products designed to enable disciplined savings while delivering steady returns that help you achieve your financial goals. As they are primarily a life insurance product, these plans also ensure the financial security of your loved ones in case something happens to you.

How do I choose a savings plan?

There are a few things you’ll want to consider to figure out which savings account you should open:

  1. Decide how you’ll use it.
  2. Figure out what’s important to you.
  3. Decide whether you want to use your existing bank.
  4. Consider interest rates.
  5. Read the fine print for fees.
  6. Don’t put too much pressure on your decision.
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What is Elite Advantage plan?

Bharti AXA Life Elite Advantage Plan is a traditional non-participating Savings and Protection plan. The plan provides guaranteed annual payouts post maturity or death to take care of the family and also provides life insurance cover.

Can we cancel Bharti AXA Life Insurance policy?

The company may cancel the policy by sending seven days’ notice by recorded delivery to the insured at insured’s last known address and in such an event will return to the insured the premium paid, less the pro-rata portion thereof for the period the policy has been in force, or the policy may be canceled at any time …

How can I cancel my Bharti AXA Life Insurance policy?

  1. Call Us. 1800-102-4444.
  2. SMS Us. SERVICE at 56677.
  3. Write To Us. At [email protected] or send a letter to the nearest Bharti AXA Life branch.
  4. WhatsApp Us. At 02248815768. Click here to receive WhatsApp communication from us.
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