This is yet another unit linked endowment insurance policy from Tata AIG Life Insurance Company that has been designed to offer huge give so that the needs and the obligation of the people or insured can be met very simply. The main purpose of this unit linked insurance policy is to help people to reach their financial goals.
Some of the main features and benefits of Tata AIA Life Invest Assure Flexi insurance policy are as follows:
- This policy offers financial protection to the family if the insured if the person faces an unfortunate death.
- This Insurance policy also offers the complete freedom to its customer on choosing the term if the policy. The customers can also opt for this policy for 5 years or they can use it for 40 years. This depends mostly on the needs and requirements of the insured.
- Even the premium paying term is also very flexible. In this policy the minimum term for premium payment is 3 years and the highest term is 40 years. Apart from this people can also go for the individual term for premium payment that is exactly comparable to the term of their policy.
- The policy offers 8 fund options to its policy holder and they are Whole Life Mid-cap Equity Fund, Whole Life Short-Term Fixed Income Fund, Large Cap Equity Fund, Whole Life Stable Growth Fund, Select Equity Fund and Large Cap Equity Fund.
- The minimum sum of premium that is to be paid by the policy holder is 15000/- and the minimum age limit is 30 days. The maximum maturity age is 80 years.
Like all other policies of Tata AIG Life, this one also offers tax benefit to its policy holder. The insured are eligible to get tax benefits on the premium that has been paid to keep the policy in healthy situation as per the section 80C and 10(10D) of the Income Tax Act, 1961.
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