Bharti AXA Life launches two new unit linked plans

Bharti AXA Life Future Invest & Bharti AXA Life Power Kid Plan

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, the world’s largest insurance company, today announced the launch of two new plans–‘Bharti AXA Life Future Invest, a limited pay plan focused on wealth creation and Bharti AXA Life Power Kid Insurance Plan, a unit linked, comprehensive child plan’.

Announcing the launch, Sandeep Ghosh, CEO-Bharti AXA Life Insurance, said, “Taking into account all the expenses involved towards a child’s education and the need to secure his future; Bharti AXA Life Power Kid Insurance Plan focuses on young parents encouraging them to start planning for their children’s future lifestage needs”

He further added, “While Bharti AXA Life Power Kid Insurance plan is a comprehensive financial solution to secure your child’s future, Bharti AXA Life Future Invest provides long term wealth creation through a limited premium payment term. A stand out feature of this product is the zero allocation charge ensuring higher investable inflows in to the fund.”

Bharti AXA Life Power Kid Insurance Plan has multiple benefits. It’s been specially designed to ensure that a child’s key lifestage needs are met, while also protecting his/ her future against any unforeseen events. Some of its unique features are-Career development allowance, emergency allowance and education allowance. In case something unfortunate were to happen to you as the policyholder, all the future premiums will be paid by Bharti AXA Life into the investment fund and the Policy will remain in force.

Bharti AXA Life Future Invest promises long term gains over a short-term premium payment term. It is a unit-linked plan that lets you accrue the benefits for the policy term of 10 years while you pay premiums only for 5 years. Unlike the other options available in the market in the same category, Zero allocation charges in Bharti AXA Life Future Invest ensures that all your hard earned money is put where it should be–in investments.

User

Petrol prices may be slashed by Rs2 per litre from Wednesday

“Gasoline averaged $115.8 per barrel in November against the $121 per barrel price at the time of the Rs1.80 per litre hike in petrol price. Also, the rupee has averaged Rs49.20 per US dollar, which is less than the October average,” a senior official in one of the three state-run oil marketing companies said

New Delhi: Petrol prices in India may be cut by Rs2 a litre from Wednesday as global oil rates have softened and the rupee has stabilised against the US dollar, reports PTI.

The cut in prices would negate the Rs1.80 per litre petrol price hike effected earlier this month.

“Gasoline (petrol) averaged $115.8 per barrel in November against the $121 per barrel price taken at the time of the Rs1.80 per litre hike in petrol price. Also, the rupee has averaged Rs49.20 per US dollar, which is less than the October average,” a senior official in one of the three state-run oil marketing companies said.

“The reduction in oil price warrants a cut of Rs1.86 per litre in the petrol price, excluding all taxes,” he said, adding that retail prices may go down by about Rs2 per litre.

State-owned oil firms had on 3rd November hiked petrol prices by Rs1.80 per litre, the fourth increase this year, as the rupee fell from 46.29 a dollar to Rs 49.40 a dollar.

At the time of the price hike, they had stated that petrol prices would be reduced if the rupee does not depreciate further and international oil prices fall.

“Gasoline price are today lower than even crude oil price. But today, the rupee has touched a 32-month low of Rs50.45 to a dollar. At the end of today, we will take an average for the fortnight and revise petrol rates,” the official said.

User

Kingfisher Airlines Q2 loss widens to Rs468.66 crore

Bankers have made it clear that Kingfisher’s promoters will have to infuse Rs800 crore worth of fresh equity into the company if they are to consider a second restructuring of existing debt, even as opposition mounted to any bailout of the private carrier

Mumbai: Debt-ridden Kingfisher Airlines today reported that its net loss doubled to Rs468.66 crore in the quarter ended 30 September 2011 from Rs230.81 crore in the same period last year, as higher fuel prices depressed operating margins, reports PTI.

The company’s income from operations, however, rose by 10.5% to Rs1,528.16 crore in the July-September quarter from Rs1,382.72 crore in the year earlier period.

Bankers have made it clear that Kingfisher’s promoters will have to infuse Rs800 crore worth of fresh equity into the company if they are to consider a second restructuring of existing debt, even as opposition mounted to any bailout of the private carrier.

The bankers have asked the troubled airline to come out with a ‘credible’ plan.

The lenders—a 13-bank consortium led by State Bank of India (SBI), who were yet to decide on ways to soften the troubled airline’s Rs7,057.08 crore debt burden—are due to meet Kingfisher management today.

Kingfisher had suffered a loss of Rs1,027 crore in 2010-11 and is estimated to have debt of over Rs7,000 crore.

The airline has cancelled several flights over the past few weeks.

Meanwhile, shares of the company were trading at Rs 21.65 apiece, up 1.41% from their previous close on the Bombay Stock Exchange at 11.30am today.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)