The Tata AIG Life Invest Assure Sampatti is a non participating unit linked endowment plan. This policy comes with 0 premium allocation charges. This plan fives the benefit to invest the maximum premium in the fund of the choice of the customer. This policy assures the investments of the customer to get a better chance to yield and grow maximum returns, while the customer gets a head start to a long-term creation of wealth.
The eligibility criteria of Tata AIG Life Invest Assure Sampatti are:
- Minimum issue age for the policy is 0 years (30 days).
- Maximum issue age for the policy is 60 years.
- Maximum age at maturity for the policy is 75 years.
- Minimum Annualized Premium: Rs.18, 000.
- Maximum Annualized Premium: Rs.50, 000.
- Sum Assured: 5 * Annualized Premium
- Premium payment modes available under this policy are monthly, quarterly, semi-annual &
annual.
The key features of Tata AIG Life Invest Assure Sampatti are:
- 0% Premium allocation charge is available leading to investment of more money, which brings more returns.
- Automatic Asset Allocation (AAA) - Fund allocation in fixed debt and equity mix as per the age of the policy holder.
- Systematic Money Allocation and Regular Transfer (SMART) – to help optimize the policy holder with the returns.
- Guaranteed Maturity Bonus (Up to 7% of Regular Premium Fund Value) – to help add to the corpus of the insured at maturity.
- 8 Investment Fund options to choose from according to the risk profile of the customer - Whole Life Mid-cap Equity Fund, Whole Life Stable Growth Fund, Whole Life Short-Term Fixed Income Fund, Whole Life Income Fund, Whole Life Aggressive Growth Fund, Large Cap Equity Fund, Infrastructure Fund and Super Select Equity Fund.
- Premiums paid under this plan are eligible for tax benefits under section 80C of the Income Tax Act, 1961.
- Tax benefits are as per the Income Tax Act, 1961 are subject to changes made from time to time.
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