New Delhi, Feb 11 (UNI) Leading private life insurer Bharti AXA Life Insurance on Monday introduced its new child insurance plan ‘Bharti AXA Life Shining Stars’ that provides life cover to parents and protects their children and family from any financial instability.
Bharti AXA Life Shining Stars is a non-linked, non-participating limited pay endowment life insurance plan that provides assured payouts at maturity and helps parents accumulate sufficient wealth secure their child’s future and finance his/her higher educational expenses and other life turning points through disciplined savings.
The unique proposition of the new child plans is that it gives parents flexibility to choose between two maturity payout options, Flexi Payout Option and Annual Payout Option, which can be chosen at policy inception and modified at the time of maturity as per child’s needs so that the parents are not constrained by choices that they made years ago.