If you’re looking for a plan that allows you to invest your savings in answerable investment avenues which grow with time, this plan is for you.
Tata AIG Life Maha Guarantee is a non-participating endowment plan that meets your need for a secured investment with a high life cover. This insurance plan provides you the benefit of Guaranteed Annual and Maturity Additions. It also provides a double life cover which increases with time.
Key Features –
- Life Cover Benefit of twice the Basic Sum Assured from inception that increases with annual Guaranteed Additions#
- On maturity, you get
- 100% of the Basic Sum Assured, plus
- Accrued Guaranteed Additions# up to 5% of Basic Sum Assured payable annually, plus
- Guaranteed Maturity Addition# up to 50% of Basic Sum Assured
- Premium discounts for large Sum Assured policies
- Option to attach Tata AIG Life Accidental Death Benefit Limited Underwriting Rider (UIN:110A018V01)
- Simplified Issuance at specific age bands and Sum Assured limits
- Tax Benefits u/s 80C and 10(10D) of the Income Tax Act, 1961
# subject to policy being in force and all due premiums paid
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Tags: insurance plan, Life Insurance, TATA AIG Life Insurance