To encourage saving from individuals who prefer getting periodic returns, Tata AIG Life brings an insurance plan that goes hand in hand with regular savings. Tata AIG Life Sumangal Bima Yojana, a non-participating limited premium payment money back plan, gives guaranteed returns* at specified intervals during term of the policy besides an insurance cover for 15 years.
Key Features
- Survival benefits$ of 10%, 20% and 30% of Total Policy Premiums payable at 6th, 9th and 12th policy anniversaries respectively
- Periodic payments do not affect the Sum Assured payouts in case of the insured’s death
- On maturity, 60% of the Total Policy Premium is payable*
- Death Benefit paid to the nominee in case of unfortunate death of life insured
- Option to choose life cover from minimum of Rs,5000 to a maximum of Rs.30,000/-
- Limited premium payment term
- Premium payment frequency : Monthly, Quarterly, Semi-annual & Annual
*provided all due premiums are paid; $Survival benefit as a % of Total Policy Premiums
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