The Tata AIG Life Invest Assure Health covers the unexpected expenses for hospitalization and medication. During the time of accident or any sudden illness this policy renders support taking care of the financial worries through which the family of the life insured will have to go. It also ensures that the insured person continues to meet the financial needs and achieve his or her goals.
The chief features of Tata AIG Life Invest Assure Health are:
- Minimum issue age of the policy is 18 years (5 years for the child).
- Maximum issue age of the policy is 55 years (17 years for the child).
- Maximum maturity age available is 65 years.
- It covers the double benefit if hospitalization occurs in ICU.
- Surgical benefits equal to 20 times on a daily basis hospitalization benefit are covered under this policy.
- Benefit inflation by 5% on daily hospital and surgical benefit from second year onwards up to a maximum of 150% of the original daily hospital benefit are included.
- This policy provides daily Hospital Benefit limit: Rs. 500-3000 (in multiples of Rs.500) per day.
- Features like fund switching, premium redirection, partial withdrawal, flexible premium payment modes (annual, semi-annual, quarterly, monthly) are also available
- Flexible Policy Term, the insured person may choose policy term from 10 years to 40 years depending on his or her needs.
- Optional health coverage for spouse and dependent children
- Six Fund Options: Whole Life Mid-Cap Equity Fund, Whole Life Aggressive Growth Fund, Whole Life Stable Growth Fund, Whole Life Income Fund, Whole Life Short-Term Fixed Income Fund, Large Cap Equity Fund and Select Equity Fund.
- Riders can be attached at a nominal additional cost.
- Minimum premium: Rs. 18,000 for annual mode (depends on the policy term).