The Tata AIG Life ShubhLife provides the customer with 100% insurance protection along with a range of bonus. The premiums are very low and are similar to the endowment policy.
The eligibility of Tata AIG Life ShubhLife depends according to the endowment plan. The eligibility is;
- Endowment Plan - 10 Years
- Age Eligibility - 18 to 65 Years
- Endowment Plan - 15 Years
- Age Eligibility - 18 to 60 Years
- Endowment Plan - 20 Years
- Age Eligibility - 18 to 55 Years
- Endowment Plan - 25 Years
- Age Eligibility - 18 to 50 Years
- Endowment Plan - 30 Years
- Age Eligibility - 18 to 45 Years
The key features of Tata AIG Life ShubhLife are:
- Term policies gives the policy holder death cover.
- This policy gives the insured bonuses along with death cover.
- The customer has the option to choose from a term of 10, 15, 20, 25 or 30 years.
- Apart from full premium paying term, the insured person also has the option to pay the premiums over 3, 5, 7 or 10 years.
- A simple reversionary bonus will be credited from the 6th policy anniversary till the conclusion of the plan term reckoning on the performance of our Company.
- 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 policy holder dies while the policy has been in force or if the policy matures.