Tata AIG Life InvestAssure Flexi
We may have different time horizon for investments as they depend on the underlying needs. For example, you may need money for your child’s education after say 10 years or 15 years or 20 years depending on the present age of your child. This may be true for many other needs as well.
Your insurance requirements may also be different depending on your age and financial position in the family. How long you want to pay the premium is also an important consideration as this depends on your future earning capacity.
Keeping this in mind, Tata AIG Life Insurance Company brings to you Tata AIG Life InvestAssure Flexi.(InvestAssure Flexi) This plan is a unit linked endowment investment plan and provides you with ample flexibility to suite your needs and priorities and to help you to achieve your financial goals.
Key features include:
* Provides security to your family in case of your unfortunate demise.
* Flexible Policy Term: You may choose the policy term from 5 years to 40 years depending on your needs.
* Flexible Premium Paying Term: You can choose premium paying term of 3, 5, 10, 15, 20, 25, 30, 35 or 40 years. You can also opt for a premium paying term which is same as policy term chosen by you.
* Flexible Sum Assured: The minimum sum assured is higher of 5 times or (policy term/2) times the annual premium.
* Seven Fund Options: Whole Life Mid-cap Equity Fund, Whole Life Aggressive Growth Fund, Whole Life Stable Growth Fund, Whole Life Income Fund, Whole Life Short-Term Fixed Income Fund, Capital Guarantee Fund, Large Cap Equity Fund.
* Minimum Issue age of 0 (30 days) and maximum issue age of 70 years with maximum maturity age of 80 years.
* Minimum Premium: Rs. 15,000 p.a.
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.*
