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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
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Home > Life Insurance > Life Insurance Companies > Tata AIG Life Insurance > Invest Assure

TATA AIG Life Insurance- Invest Assure

Invest Assure is a combination plan of an insurance policy and an investment benefit. You have a choice of investing your money in various market funds which helps build a wealth for your future. You can even create your own investment portfolio.

Benefits :
1. It has an option of policy terms ranging from 15, 20, 25 or 30 years.
2. Vide range of fund options for investments like the equity fund, income fund, aggressive fund growth fund, stable growth fund, short term fixed income fund and select equity fund.
3. The plan gives you the option of switching between funds.
4. You have a choice of withdrawing your amount partially after completing 3 years of the policy term.
5. To enhance your policy you can even add various riders which are offered.

Eligibility :
Age at Entry : Minimum 30 months – Maximum 60 years (depending on the policy term).
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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