Tata AIG Life ShubhLife
Tata AIG Life ShubhLife(ShubhLife) provides you 100% life insurance protection and a range of bonuses but the premiums you pay are among the lowest of any similar endowment policy.
Key features include:
* Term policies just give you death cover. This policy gives you bonuses along with death cover.
* You can choose a term of 10, 15, 20, 25 or 30 years.
* Apart from full premium paying term, you can pay your premiums over 3, 5, 7 or 10 years.
* Guaranteed addition of 3% of sum assured of the Basic Policy is added on the first (1st) policy anniversary and on every alternate policy anniversary thereafter up till a maximum of half the policy term. The GA will be payable if the insured dies while the policy has been in force or if the policy matures.
* A simple reversionary bonus will be credited from the sixth policy anniversary until the end of the plan term depending on the performance of our Company.
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 Disability, Accident, Term, Waiver of premium and Critical Illness riders to this policy for added protection.
Endowment Plan Age Eligibility
10 Years 18 to 65 Years
15 Years 18 to 60 Years
20 Years 18 to 55 Years
25 Years 18 to 50 Years
30 Years 18 to 45 Years
