Life Insurance generally provides financial coverage to specified beneficiaries upon the death of the insured individual. It involves a contract providing for payment of an assured sum of money to the person insured.

Bharti AXA life insurance forays into pension segment



Bharti AXA life insurance, a joint venture of AXA, a global financial service provider and Bharti group, on Thursday announced its foray into pension segment with the launch of its 'Dream Life pension'. Chief Finance Officer of Bharti AXA, V Srinivasan, announcing the launch, told a press conference in Chennai the scheme was basically meant for early planners who thought of retirement in their thirties. There was a great scope for its pension scheme, as a recent survey had revealed that that Indians found life insurance the most suitable retirement planning tool, he said. 'Dream life pension' envisaged policyholders to increase their premium commensurating with increase in their income, which helped them build 'a larger kitty' for their future, he said.


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