axa life have just added another traditional product to her stable with the launch of axa maxsaver.
what is axa maxsaver?
this is a participating endowment product that comes with 2 premium term options:
a. MaxSaver 8 – a limited pay regular premium plan with a premium term of 8 years and coverage of 15 years;
or
b. MaxSaver 60 – a regular premium plan that requires premium payment till age 60,
my comments:
in the current investment climate, with capital chasing yield and risks are expected to remain on the downside (at least over the short and medium term), axa maxsaver offers a guaranteed return at maturity of 100% of the sum assured.
for both plans (without supplementary benefit/s), axa life boasts of a simplified underwriting process and policy issuance is subject to one health declaration and on condition that the applicant has not been diagnosed by a doctor ......