The Tata AIG Life Invest Assure Plus is a single premium Unit Linked insurance plan particularly for those people who are investment savvy. It brings for the policy holder the suppleness of choosing their own investment strategy. It also provides the protection to the family of the policy holder in case if there is any misfortune.
The eligibility criteria for Tata AIG Life Invest Assure Plus are:
- Term of Policy - 15 years
- Minimum Age - 30 days
- Maximum Age - 60 years
- Term of Policy - 20 years
- Minimum Age - 30 days
- Maximum Age - 55 years
- Term of Policy - 25 years
- Minimum Age - 30 days
- Maximum Age - 50 years
- Term of Policy - 30 years
- Minimum Age - 30 days
- Maximum Age - 45 years Maturity and Death Benefits
The chief features of Tata AIG Life Invest Assure Plus are:
- The policy terms for the plan are available for 15, 20, 25 or 30 years.
- This plan comes with the flexibility to choose the Sum Assured, depending on the needs and age profile of the policy holder.
- Any premium not subtracted for charges and coverage will be invested in the funds as per the choice of the insured. The funds may be Equity Fund, Income Fund, Aggressive Growth Fund, Stable Growth Fund, a Short Term Fixed Income Fund and Select Equity Fund.
- It also allows the flexibility to switch between partial withdraws and funds.
- 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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