The Tata AIG Life Invest Assure Care is an investment linked insurance plan which characterizes and in built critical illness advantage for the beginning 5 years of the policy. It gives the choice to increase the earning potential of the premium of the insurance deciding on the risk limits and the investment. With this policy the insured can direct the policy with the chance to exploit the market creating own investment portfolio ranging the options of needs and preferences.
The eligibilities of Tata AIG Life Invest Assure Care are:
- Term of Policy – 15 years
- Minimum Age at Issue – 30 days
- Maximum Age at Issue – 45 years
- Minimum Annual Premium – Rs.12, 000
- Term of Policy – 20 years
- Minimum Age at Issue – 30 days
- Maximum Age at Issue – 45 years
- Minimum Annual Premium – Rs.12, 000
The key features of Tata AIG Life Invest Assure Care are:
- Initial Sum Assured: The insured have an option to decide either the sum assured or premium he/she is willing to pay.
- Top-Up Sum Assured: The customer have an alternative to choose an additional sum assured equal to 1.25 or 5 times Single Top-Up Premium, subject to underwriting.
- Top-Up: Single Premium top up is allowed anytime throughout the period. Minimum Single top-Up Premium is Rs. 5000/- and will be acceptable a maximum of 4 times in a policy year.
- Choice of 5 Fund Options: Growth Maximizer Fund, Select Equity Fund, Short Term Fixed Income Fund, Growth Enabler Fund and Capital Guarantee Fund.
- Critical Illness (CI) Benefit: Tata AIG Life Invest Assure Care offers inbuilt Critical Illness (Lump sum) benefit equivalent to 50% of the basic Sum Assured for issue ages 18-45 years. This benefit is an important part of the product and is compulsory. This benefit is valid for the first 5 years of policy term.
The Critical Illness covers the following Critical Illnesses and Surgeries: (a) Stroke (b) Cancer (c) Coronary Bypass Graft Surgery (d) Heart Attack (e) Kidney Failure (f) Major Organ Transplant like Heart, Lung, Liver, Kidney or Pancreas or Bone Marrow Transplant.
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Tags: insurance plan, TATA AIG Life Insurance, TATA AIG Life Invest Care