The Tata AIG Life Invest Assure Flexi is a unit linked endowment investment plan that gives the customer enough flexibility to suit the priorities and needs to achieve the financial goal.
This policy has added the following rides for enhanced security at a nominal additional cost.
The riders are:
- Tata AIG Life Accidental Death Benefit (ADB) Rider (UIN 110C003V01)
- Tata AIG Life Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN 110C004V01)
- Tata AIG Life Pay or Benefit Rider (Only For Juvenile Policy) (UIN 110C002V01)
- Tata AIG Life Critical Illness (Lump Sum Benefit) Rider (UIN 110C012V01)
- Tata AIG Life Surgical Benefit Rider (UIN 110C021V01)
The key features of Tata AIG Life Invest Assure Flexi are:
- This policy provides security to the family of the insured in case if there is any sudden demise of the insured.
- Flexible Premium Paying Term: The customer has the freedom to choose premium paying term of 3, 5, 10, 15, 20, 25, 30, 35 or 40 years. He or she can also opt for a premium paying term which is same as policy term chosen.
- Flexible Policy Term: The insured person can choose the policy term from 5 years to 40 years according to his or her needs.
- Flexible Sum Assured: The minimum sum assured is higher of 5 times or (policy term/2) times the annual premium.
- Minimum Issue age of the policy is 0 (30 days)
- Maximum issue age of the policy 70 years
- Maximum maturity age of the policy is 80 years.
- Eight Fund Options: Whole Life Aggressive Growth Fund, Whole Life Mid-cap Equity Fund, Whole Life Income Fund, Whole Life Stable Growth Fund, Capital Guarantee Fund, Whole Life Short-Term Fixed Income Fund, Large Cap Equity Fund, Select Equity Fund.
- 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.