Bimadeals » TATA AIG Life Insurance

TATA AIG Life Sumangal Bima Yojana | Key Features

bhavana — Tue, 14 Dec 2010 05:42:44 +0000

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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TATA AIG Life Sampoorn Bima Yojana | Key Features

bhavana — Tue, 14 Dec 2010 05:26:53 +0000

Tata AIG Life Sampoorna Bima Yojana is a non-participating, reasonable term insurance plan, which apart from providing security of life insurance cover also guarantees refund of all premiums upon survival till the term of the policy. In this plan you pay premiums only for 10 years, where as you enjoy the coverage up to 15 years.

Key Features

Death Benefit paid to the nominee in case of unfortunate death of life insured
On maturity at the end of 15 years, all premiums paid will be returned^# to the policyholder.
Option to choose Life Cover from a minimum of Rs.5,000 to a maximum of Rs.50,000
Pay premiums for 10 years and stay covered for entire policy term of 15 years
Premium payment frequency : Monthly, Quarterly, Semi-annual & Annual

^#excluding service tax and other applicable charges

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TATA AIG Life Ayushman Yojana | Key Features

bhavana — Tue, 14 Dec 2010 05:17:50 +0000

A non participating single premium plan, Tata AIG Life Ayushman Yojana is ideal for rural populations who have seasonal income. With payment of a single premium at the beginning of policy term, a person will be insured for 10 years. Besides being insured, the policyholder, upon maturity of the policy receives 125% of the single premium paid.

Key Features

Convenience of single premium payment
Policy Term of 10 years
Death Benefit paid to the nominee in case of ill-timed death of life insured
Option to choose Life Cover from a minimum of Rs.5,000 to a maximum of Rs.50,000
On maturity, get 125% of the single premium paid

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TATA AIG Life Navkalyan Yojana | Key Features

bhavana — Tue, 14 Dec 2010 05:08:30 +0000

Tata AIG Life Navkalyan Yojana is a non-participating, life insurance protection plan without any maturity benefit. What’s more, to safeguard against other doubts in life, the policyholder can add the Tata AIG Life Accidental Death Benefit Rider (UIN: 110C003V01) to this product at a nominal extra cost.

Key Features

Policy Term of 5 years
Death Benefit paid to the nominee in case of ill-timed death of life insured
Option to choose Life Cover from a minimum of Rs.5,000 to a maximum of Rs.50,000
Cover yourself against death due to accident by opting for Tata AIG Life Accidental Death Benefit Rider (UIN: 110C003V01) at a nominal extra cost
Premium payment frequency : Monthly, Quarterly, Semi-annual & Annual

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TATA AIG Life Assure 21 Year Money Saver | Key Features

bhavana — Tue, 14 Dec 2010 04:59:50 +0000

Tata AIG Life Assure 21 Years Money Saver is a participating money-back plan that gives you an opportunity to fulfill short-term goals by providing Guaranteed Benefits and Additions and also secures your family’s future in times of insecurity.

This plan gives you the double benefits of life insurance coverage plus the flexibility of periodic payments which makes it a perfect way to cater to your children’s needs when they need you the most.

Key Features

Guaranteed coupons of 10% of Sum Assured every 3 years from 3rd policy anniversary to meet your periodic short-term and mid-term goals
On maturity, you get
- Final coupon of 40% of Sum Assured, plus
- Guaranteed Loyalty Addition^* of 10% of Sum Assured, plus
- Compound Reversionary and Terminal Bonuses^**
On death of the insured, the nominee gets
- Sum Assured, plus
- Guaranteed Loyalty Addition^* of 10% of Sum Assured, plus
- Compound Reversionary and Terminal Bonuses^**
Option to opt for Riders for ‘added protection’ at nominal extra cost
Tax benefits u/s 80C and 10(10D) of the Income Tax Act, 1961

^* In case the policy has been in force for 10 years; ** Depending on company performance

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TATA AIG Life Invest Assure Plus Supreme | Key Features

bhavana — Tue, 14 Dec 2010 04:50:00 +0000

Given a choice, most people would like to maximize the earning potential of their insurance investments and at the same time maintain the security of insurance cover. They may prefer to do this with a one-time payment which will reduce the hassle of paying premiums every year while ensuring a long-term cover.

Tata AIG Life InvestAssure Plus Supreme, a non-participating, unit linked, endowment plan, which combines the security of insurance with an opportunity of enjoying potentially higher returns on your investments at the convenience of a Single Premium.

Key Features

Pay premium once and enjoy double benefits of insurance and market linked returns
Option to choose your policy term between 20 to 30 years
Guaranteed Maturity Addition** of 5% on maturity
7 Investment Fund options to suit your investment risk profile
Option of Portfolio Strategies like Systematic Money Allocation & Regular Transfer (SMART) & Automatic Asset Allocation (AAA)
Tax benefits u/s 80C and 10 (10D) of the Income Tax Act, 1961

^** provided the maturity benefit is payable

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TATA AIG Life Lakshya Supreme | Key Features

bhavana — Tue, 14 Dec 2010 04:41:22 +0000

In times of instability, we all need a stable insurance option that provides us security without any compromise. Tata AIG Life Lakshya Supreme – a non-participating simplified issuance unit-linked endowment plan with enhanced features. It provides you the double benefit of investment and security.

Key Features

Simplified issuance with double benefit of investment & security
Sum Assured paid to the nominee in case of death of life insured
7 Investment Fund Options to suit your investment risk profile
Optimize your returns by investing through Systematic Money Allocation & Regular Transfer Investment (SMART) & Automatic Asset Allocation (AAA)
Tax benefits u/s 80C and 10 (10D) of the Income Tax Act, 1961

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TATA AIG Life Invest Assure Flexi Supreme | Key Features

bhavana — Tue, 14 Dec 2010 04:32:19 +0000

Tata AIG Life InvestAssure Flexi Supreme is a unit linked endowment insurance plan that provides you with ample flexibility to suit your needs and priority and helps you to achieve your financial goals. This insurance plan also provides the much needed life insurance protection in case of any ill-timed event.

Key Features

Flexible Policy Terms
Flexibility to choose from range of Portfolio Strategies like Systematic Money Allocation & Regular Transfer Investment (SMART) & Automatic Asset Allocation (AAA)
Flexibility to choose between 7 Investment Fund options
Flexibility to choose from 6 Riders for ‘additional protection’
Sum Assured paid to the nominee in case of death of life insured
Tax benefits u/s 80C and 10 (10D) of the Income Tax Act, 1961

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TATA AIG Life MAHA Guarantee | Key Features

bhavana — Tue, 14 Dec 2010 04:25:20 +0000

If you’re looking for a plan that allows you to invest your savings in answerable investment avenues which grow with time, this plan is for you.

Tata AIG Life Maha Guarantee is a non-participating endowment plan that meets your need for a secured investment with a high life cover. This insurance plan provides you the benefit of Guaranteed Annual and Maturity Additions. It also provides a double life cover which increases with time.

Key Features –

Life Cover Benefit of twice the Basic Sum Assured from inception that increases with annual Guaranteed Additions^#
On maturity, you get
- 100% of the Basic Sum Assured, plus
- Accrued Guaranteed Additions^# up to 5% of Basic Sum Assured payable annually, plus
- Guaranteed Maturity Addition^# up to 50% of Basic Sum Assured
Premium discounts for large Sum Assured policies
Option to attach Tata AIG Life Accidental Death Benefit Limited Underwriting Rider (UIN:110A018V01)
Simplified Issuance at specific age bands and Sum Assured limits
Tax Benefits u/s 80C and 10(10D) of the Income Tax Act, 1961

^# subject to policy being in force and all due premiums paid

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Tata AIG Life Assure 21 years Money Saver | Key Features

bhavana — Tue, 14 Dec 2010 04:11:41 +0000

This plan gives you the dual benefits of life insurance coverage plus the flexibility of periodic payments which makes it a perfect way to cater to your children’s needs when they need you the most.

Key Features -

Guaranteed coupons of 10% of Sum Assured every 3 years from 3rd policy anniversary to meet your periodic short-term and mid-term goals
On maturity, you get
- Final coupon of 40% of Sum Assured, plus
- Guaranteed Loyalty Addition* of 10% of Sum Assured, plus
- Compound Reversionary and Terminal Bonuses**
On death of the insured, the nominee gets
- Sum Assured, plus
- Guaranteed Loyalty Addition^* of 10% of Sum Assured, plus
- Compound Reversionary and Terminal Bonuses^**
Option to opt for Riders for ‘added protection’ at nominal extra cost
Tax benefits u/s 80C and 10(10D) of the Income Tax Act, 1961

^* In case the policy has been in force for 10 years;
^** Depending on company performance

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