After retirement in your life, you will take a seat, rest and take pleasure in the reward of the tough job which you have do throughout your working years. At that time you want a good living and easy life style for your family. A happy home, good health, family relationship and self-governing income all give to a happy and satisfied retired life.
Tata AIG Life Invest Assure Swarn Jeevan a unit linked non participating retirement plan. With the help of this you can invest your funds, make and increase your funds and you will get a normal return after your retirement.
For a winning retirement financial liberty and safety are very critical, for this we have to do a careful preparation. With Tata AIG Life Invest Assure Swarn Jeevan you can begin your retirement preparation now, recognize the financial resources necessary to maintain your daily life and begin investing.
Key features:
• Flexibility in policy term: 10 to 40 years, You can choose term according your requirement, like your age is 36 and you want your pension to start age of 51, you can choose for a term of 15 years.
• You can choose five fund option.(Future equity pension fund, Future income pension fund, Future growth pension fund, Future balanced pension fund, Future select pension fund).You can switch your invest from one fund to another. Twelve free switch are allowed in a policy year.
• You can pay premium yearly, half yearly, Quarterly and monthly.
• Additional Allocation by the company to your fund second year onwards for the entire term.
• You will get regular profits after retirement.
Eligibility:
• For taking this insurance policy your minimum age should be 18yrs and maximum age should be 65 yrs.
• In this policy you can start your pension minimum age 45yrs and maximum age 75yrs. (You can postpone your vesting age once any time during the policy term according to minimum and maximum age limits).
• You can invest minimum 20,000rs per annum.
Death Benefit:
If the policy holder dies before the policy vesting age his/her nominee will get the total fund worth which is equal to the worth of the Regular Premium Account worth plus the worth of the Top-Up Premium Account worth at valid unit cost. Nominee can use that amount in part or totally to buy an annuity from the company or from any other institution in the marketplace.
Vesting benefits:
At the end of the policy term, you will get the complete fund worth which is equal to the worth of the Regular Premium Account worth plus the worth of the Top-Up Premium Account valued at valid unit cost.
Tax Benefits:
You will get tax benefits under this insurance plan.
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