- Sum Assured is paid to the nominee on death of insured, but policy benefits continue till Policy Term
- Option to choose any one of the following Waiver of Premium (WoP) benefits in case of death or total permanent disability of the insured.
- Family Guard - We will pay 100% of the future premiums into your policy as if the policy is on monthly mode (OR)
- Family Advantage - We will pay 50% of future premiums into your fund as if the policy is on monthly mode and 50% to the policyholder/nominee as if the policy is on monthly mode
- Maturity Bonus* of up to 4% of Regular Premium Fund Value
- Option to save under Systematic Money Allocation & Regular Transfer Investment (SMART)
- Flexible policy term 10 - 25 years
- Flexible premium paying term 5, 10 - 25 years
Option to choose between the following fund types – Top 50 Fund, Top 200 Fund, Super Select Equity Fund, Aggressive Flexi Fund, Stable Flexi Fund, Large Cap Equity Fund, Bond Fund & Super 110% Capital Guarantee Fund#
- Option to choose between the following fund types – Top 50 Fund, Top 200 Fund, Super Select Equity Fund, Aggressive Flexi Fund, Stable Flexi Fund, Large Cap Equity Fund, Bond Fund & Super 110% Capital Guarantee Fund#
* Subject to all due premiums paid and WoP benefit not being triggered anytime during the premium paying term.
#Super 110% Capital Guarantee Fund is available only for the policies with premium paying term greater than or equal to 20 years & for issue age less than or equal to 45 years at issue & for a sum assured less than or equal to 20 times of Annualised premium.
Eligibility
|
Features
|
|
Minimum/Maximum Issue Age
|
18 / 55 yrs
|
|
Maximum Maturity Age
|
65 Years
|
|
Minimum Premium
|
|
|
Premium
Paying Term
|
|
Mode
|
5
|
10 –
25
|
|
Annual
|
48,000
|
20,000
|
|
Semi
Annual
|
24,000
|
12,000
|
|
Quarterly
|
12,000
|
6,000
|
|
Monthly
|
4000
|
2,000
|
|
|
Premium Mode
|
Annual/Semi-annual / Quarterly / Monthly
|
|
Premium Payment Period
|
Regular/Limited
|
|
Minimum Sum Assured
|
5 times Annualised
Premium
|
|
Maximum Sum Assured
|
Policy Term * Annualised
premium
|
Riders
The following riders can be taken at a nominal additional cost - Tata AIG Life Critical Illness Lumpsum Benefit Rider (UIN: 110C012V01), Tata AIG Life Accidental Death Benefit Rider (UIN:110C003V01) OR Tata AIG Life Accidental Death & Dismemberment Benefit (Long Scale) Rider (UIN: 110C004V01)
Tax Benefits:
Premiums paid under this plan are eligible for tax benefits under section 80C of the Income Tax Act, 1961. Premium paid towards Tata AIG Life Critical Illness Lumpsum Benefit Rider is eligible for tax benefit U/s 80D of the said Act. Moreover, life insurance proceeds enjoy tax benefits as per section 10(10D) of the said Act. #
# Tax benefits are as per Income Tax Act, 1961, and are subject to modifications made thereto from time to time. Kindly consult your tax expert for the exact section applicable to you.
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