This is yet another insurance policy from Tata AIG Life Insurance that has been planned specifically for those people who are looking for higher insurance coverage and that too at a reasonable cost. With the help of this policy the family member of the insured would be able to maintain its present lifestyle even after his or her death.
Some of the important features and benefits of ‘Tata AIG Life Assure One year/ Five Years/10 Years/ 15 Years / 20 Years / 25 Years Lifeline Plans, and Term to age 60 known as Assure Lifeline to Age 60 policy’ are as follows:
- This is one such policy that offers insurance cover for several years till 60. This means that the coverage could be obtained for 1, 5, 10, 15, 20 and 25 years right up to the age of 60.
- In this policy the Term Plan can simply be changed into any of the savings plan of Tata AIG Life.
- In this policy the premium that is paid to keep the policy in strength are eligible for tax benefits as per Section 80C of the Indian Income Tax Act. The sum that is received under the Tata AIG Life Assure One year/ Five Years/10 Years/ 15 Years / 20 Years / 25 Years Lifeline Plans is fully exempted from Income Tax as per section 10(10D) of the act.
People between 18 to 60 years of age are eligible to buy this policy. Here the terms of the policy depends on the age of the policy subscribers.
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