Indian Insurance

If you outlive the 20-year term of a Tata AIG Life LifePlus (LifePlus)policy, all of your premium payments will be refunded; if you die by natural causes while the policy is in force, your beneficiaries will receive the sum assured; should you die due to accidental causes, your beneficiaries will receive double the sum assured.

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.