Private life insurer Bharti Axa Life today launched a new traditional plan which it said offers customers guaranteed returns with life cover.
'Bharti Axa Life Secure Savings Plan' will offer guaranteed returns with life cover to customers, according to the company.
"Given the volatile investment scenario today, consumers are looking for safe investment opportunities that provide guaranteed returns. The new plan provides guaranteed additions of up to 10 per cent of each year's cumulative base premium paid," Bharti Axa Life Managing Director and Chief Executive Sandeep Ghosh said.
The insurer is a joint venture between India's Bharti Enterprises and Axa, an international financial protection and wealth management firm. Bharti holds 74 per cent stake in the venture and Axa the rest.