Tata AIG Life InvestAssure Plus(InvestAssure Plus) is a single premium Unit Linked insurance plan especially designed for the investment-savvy. It gives you the flexibility of choosing your own investment strategy, besides providing protection to your loved ones in case of a misfortune.
This plan gives you an opportunity to make the most of good market returns, albeit with an increased investment volatility. At the same time, it does not compromise the security that you want to provide to your loved ones.
Multiple benefits of InvestAssure Plus:·
Provides security to your family in case of your unfortunate death.
Gives you the flexibility to choose your fund based on your risk profile.
Enables you to enjoy market-linked returns with a potential for higher growth.
Key features include:
Policy terms of 15, 20, 25 or 30 years.
No penalty charges for surrendering the policy any time after the 3rd year.
Flexibility to choose your Sum Assured, depending on your age profile and your needs.
You have a choice of premium multiples to choose from.
Any premium not deducted for coverage and charges will be invested in the funds chosen by you viz. Equity Fund, Income Fund, Aggressive Growth Fund, Stable Growth Fund ,a Short Term Fixed Income Fund and Select Equity Fund.
Flexibility to switch between funds and partial withdrawal.
InvestAssure Plus also offers Top-ups premiums and the facility to have a Sum assured on the Top-up premium as well.
Tax Benefits
Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.*
