Posts Tagged ‘Age Eligibility’
Tata AIG Life InvestAssure Care

Key features include:
* Policy terms of 15, 20 or 30 years.
* No penalty for surrendering the policy any time after the 6th year.
* The Sum Assured is a multiple of the Annual Regular Premium payable. The multiple varies according to age at entry and policy term. You have a choice of premium multiples to choose from.
* Any premium not deducted for coverage and charges may be invested in a wide range of investment vehicles, including: an Equity Fund, Income Fund, Aggressive Growth Fund, Stable Growth Fund and a Short Term Fixed Income Fund.
* InvestAssure II also offers the flexibility to switch between funds, premium top-ups, partial withdrawal, premium holiday, policy reinstatement, and multiple premium payment modes.
Tax Benefits, Riders and Age Eligibility
* Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.*
* Attach Accident, Waiver of premium, Payor Benefit (for juvenile policy) and Critical Illness riders to this policy at a nominal extra cost for added protection.
Tata AIG Life InvestAssure Gold

Key features include:
* Flexibility to choose your premium payment term: 5 years or for the entire duration of the policy.
* Benefit period: For the entire life till 100 years of age.
* Facility to increase the premium through Top up Premium.
* Provides security to your family in case of your unfortunate death.
* Facility to increase the Sum Assured through Top up Premium.
* Gives you the flexibility to choose your fund based on your risk profile - Whole Life Mid Cap Equity, Whole Life Aggressive Growth, Whole Life Stable Growth, Whole Life Income, and Whole Life Short Term Fixed Income. You may choose to switch between the funds, anytime subject to certain conditions.
* Enables you to enjoy market-linked returns with a potential for higher growth.
* Opportunity to bring you additional income on funds that might have otherwise given you minimum returns in your savings account, subject to market performance.
* Loyalty Benefit: Additional 0.25% of units under the Regular Premium Account every 5 years provided the policy is in force.
Tax Benefits, Riders and Age Eligibility
* Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.*
* You may attach Accidental Death Benefit, Accidental Death and Dismemberment, Payor benefit or Critical Illness Riders at an extra cost.
* Policy is available for persons between 30 days and 70 years of age. The policy matures at age 100.
Tata AIG Life InvestAssure Plus

This plan gives you an opportunity to make the most of good market returns, albeit with an increased investment volatility. At the same time, it does not compromise the security that you want to provide to your loved ones.
Multiple benefits of InvestAssure Plus:·
* Provides security to your family in case of your unfortunate death.
* Gives you the flexibility to choose your fund based on your risk profile.
* Enables you to enjoy market-linked returns with a potential for higher growth.
Key features include:
* Policy terms of 15, 20, 25 or 30 years.
* No penalty charges for surrendering the policy any time after the 3rd year.
* Flexibility to choose your Sum Assured, depending on your age profile and your needs.
* You have a choice of premium multiples to choose from.
* Any premium not deducted for coverage and charges will be invested in the funds chosen by you viz. Equity Fund, Income Fund, Aggressive Growth Fund, Stable Growth Fund and a Short Term Fixed Income Fund.
* Flexibility to switch between funds and partial withdrawal.
* InvestAssure Plus also offers Top-ups premiums and the facility to have a Sum assured on the Top-up premium as well.
Tax Benefits
* Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.*
Age Eligibility
Term of Policy Minimum Age Maximum Age
15 years 30 days 60 years
20 years 30 days 55 years
25 years 30 days 50 years
30 years 30 days 45 years Maturity and Death Benefits
Tata AIG Life LifePlus

Key features include:
* All premiums paid are returned (without interest) in the event you outlive the policy’s 20-year term.
* Premiums are payable only for the first 15 years of the 20-year term.
Tax Benefits, Riders and Age Eligibility
* Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.*
* Policy available for persons between 18 and 60 years of age.
Tata AIG Life Raksha 10/15/20/25
A simple term plan ideal for young families with large financial obligations at extremely low premiums and yet providing high life coverage.
Key features include:
* Policy terms of 10, 15, 20 and 25 years.
* Multiple premium payment options – annual, semi-annual, quarterly or monthly.
Tax Benefits and Age Eligibility
* Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.*
* Policy is available to persons between the ages of 18 and 50 years.
* The policy is renewable up to a maximum age of 59, and expires when the insured attains the age of 60.
