Tata AIG Mahalife Gold plan is a perfect plan for your relax able retirement .It provides you a fixed income and insurance coverage for life. You just have to pay the Premium for first 15 years, and it can be used to face the upcoming expenses of your children.
Key Benefits of this Plan are
- It provides guaranteed annual income of 5% of the sum assured every year for the rest of the insured’s term from the 10th policy years. At the end of the policy this is in addition to the sum assured for the individual.
Minimum age should be 30 days old
Maximum age should be 60 years old.
Benefits of Mahalife Gold Plan:
1. Death Benefits
On death or maturity by age (100 years), the total sum assured will be paid taxfree.
2. Tax benefits
Premiums are tax free under section 10(10D).
Apart from your sum assured it provides riders for disability, accident, term and critical illness. At the time of any critical illness it will be careful of your medical expenses.
Accident rider will look out of your certain expenses at the time of accident. Which helps your family.
In disability rider you will get financial help at the time of your disability (You are unable for employment).
Term rider provides death benefit for dependent(children, spouse etc.).
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Tags: TATA AIG Life Insurance