The Tata AIG Life Invest Assure Extra is unit linked protection plan. It comes with a combination of security of the insurance policy with the opportunity to invest in the market fund options like Growth Enabler Fund, Short Term Fixed Income Fund, Select Equity Fund, Growth Maximiser Fund, Capital Guarantee Fund etc.
This policy allows directing the investments by creating own investment portfolio from a range of options suiting the needs and requirement of the customer.
The eligibility age and criteria for Tata AIG Life Invest Assure Extra are:
- Term of Policy - 15 years
- Minimum Age at Issue - 30 days
- Maximum Age at Issue - 45 years
- Minimum Premium - Rs.12, 000
- Term of Policy - 20 years
- Minimum Age at Issue - 30 days
- Maximum Age at Issue - 45 years
- Minimum Premium - Rs.12, 000
The key features of Tata AIG Life Invest Assure Extra are:
- This policy gives Return of Premium guarantee on maturity in case if the customer opts for Capital Guaranteed Fund.
- This policy gives the flexibility to choose the funds based on the risk profile of the insured person.
- The policy provides security to the family of the insured in case of any unfortunate demise.
- The Tata AIG Live Invest Assure Extra provides an in-built Pay or Benefit for juvenile ages (0-17 years).
- This policy enables the customer to enjoy market-linked returns with a potential for higher growth.
- Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961.
- The sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.
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