Tata AIG Life Health Protector – 5 Year Guaranteed Renewal Accident and Health Plan

This is yet one more insurance plan from Tata AIG Life that has been planned to offer insurance cover to the insured next to unforeseen casualties. In this very policy the insurance premium that is to be paid for keeping the policy in force remains stable for 5 years.

Some of the features and benefits that this very insurance policy offers to its policy holders are as follows:

This policy is known to offer Accidental Death Benefit or ADB under which the family members of the insured would be receiving an amount that is equal to the sum that has been mentioned in the policy by the insured.

The insured would also be eligible to get Total and Permanent Disability Benefit or TPD in which the insured would be getting a lump sum amount that is equivalent to the sum that has been assured in TDP. This amount is usually paid at the time of accident or illness.

Critical Illness Benefit or CI is yet an additional benefit that is offered to the policy holder and which a lump sum is paid to the insured in case of serious illness or surgical cases.

Cancer Care Benefit is offered to the insured if the insured is suffering from cancer, which is a terrible disease. Here the insurance company offers a lump sum amount to the insured for the treatment of this illness.

Term Life Benefit is presented to the subscriber of Tata AIG Life Health Protector in which the family member of the insured is offered with a lump sum amount in case of ill-timed death of the policy holder.

The premium that has been paid for keeping the policy in force is eligible for tax benefits as per section 80C of the Income Tax Act. The premium that is paid towards Critical Illness or Cancer Care Benefit is eligible for tax benefits as per section 80D.

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