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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
This new ULIP plan offers the option to purchase an annuity upon maturity, the company said in a statement.
The iInvest Pension plan offers features such as access to Bandhan Life’s Pension Enhanced Equity Fund, Pension Debt Fund, and a new fund launch available from January 9 – January 15, 2025.
Key benefits include no premium allocation or administration charges, the return of mortality charges, and no medical assessments, making the plan easily accessible.
Other features include:
- Customers can convert the accumulated corpus into an annuity, with tax benefits under Section 80CCC.
- A sum assured of 105% of premiums paid.
- Loyalty bonuses begin from the 10th policy year for premiums over ₹60,000 annually.
- Partial withdrawals can be made for unforeseen financial needs.
- Policyholders can extend the accumulation period beyond age 60.
- Quick policy issuance with no medical requirements.
Sarbvir Singh, Joint Group CEO of PB Fintech, added, “With changing family dynamics and longer life expectancy, structured retirement planning is crucial. Our partnership with Bandhan Life offers customers a balanced, flexible solution to ensure long-term financial stability.”
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First Published: Jan 3, 2025 4:39 PM IST
