We offer three types of two wheeler insurance plans: What Is Covered Under Two Wheeler Insurance Accidental Damage Any losses or damages that you may suffer due to an accident caused while driving are covered in two wheeler insurance policy. If you have a two wheeler insurance policy, then you would have some respite since your losses due to theft would be covered. Natural Disasters Natural calamities like earthquakes, cyclones, floods can literally destroy your bike. Man-Made Disaster Any loss occurred due to accidental fire, riots, strike, etc.
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It may not exactly fit into the oft-conceived notion of a child plan. Though classified as a child plan, the plan is not much like the usual child plans.
To give it a child plan flavour, it is sold in a combo, including premium waiver and family income riders. The premium allocation charge PAC of the product is very high. Cumulatively, almost The mortality charge of Bright Stars Edge is low. However, unlike other child plans, the premium waiver rider is not in-built and has to be bought at an additional cost.
Although the fund basket is diverse, the performance of the funds is not very impressive. For instance, all three equity funds including Grow Money Plus, Build India, and Growth Opportunity Plus, have underperformed their respective benchmarks.
Build India, which is just about a year old, has generated only 5. The debt funds -- Steady Money and Save n Grow -- have marginally outperformed the benchmark. Overall, performance of the fund basket is not so encouraging.
Exposure in some of the high-performing low-beta sectors such as fast-moving consumer goods and healthcare is low. As a result, overall beta of the portfolio increases. Beta measures a portfolio or a stock sensitivity to market movement and a portfolio with high beta rises and falls in tandem with market movement.
This makes it risky and vulnerable to market risks. In the case of demise of the policyholder parent , the nominee child receives the sum assured and also gets a waiver in all future premiums. The insurance company pays premium till maturity, and the fund accumulated is given to the nominee child. For instance, say a year-old healthy male invests 20, a year in Bright Stars Edge for his year-old child, for a tenure of 20 years with a sum assured which is fixed at 20 times the annual premium.
In case he dies in the fifth policy year, then the child will receive 40 lakh, plus the company will waive the premium and pay a certain sum of money to the family on a monthly or yearly basis.
AXA LIFE BRIGHT STARS POWER PLUS
It may not exactly fit into the oft-conceived notion of a child plan. Though classified as a child plan, the plan is not much like the usual child plans. To give it a child plan flavour, it is sold in a combo, including premium waiver and family income riders. The premium allocation charge PAC of the product is very high. Cumulatively, almost The mortality charge of Bright Stars Edge is low.
Bharti AXA Life Insurance announces 'Bright Stars PLUS'
This is based on the mortality rates which are specified for all ages and amount of cover being provided. Service Tax would be applicable on the charges depending on the applicable rates. What happens if? You stop paying the premium before 5 years — If the policy holder stops paying the premium, then the accumulated policy fund amount shall be paid to the policy holder after the fifth policy year.
Bharti AXA Life - Bright Stars - Growth Opportunities Fund