TATA AIG LIFE INSURANCE FLEXI SUPREME
TATA AIG Life insurance introduced a new policy that is invest assure flexi supreme policy.
Whatever your dreams, you can mould your insurance plan to realise them, the insurance requirements may be different depending on our age and financial position. We may have different time horizon for investments as they depend on the underlying needs. For instance depending on your min term or long term goals you need a lump sum amount for your children higher education or their marriage or your retirement time.
This plan is a unit linked endowment insurance plan that provides you with ample flexibility to suit your needs and priorities and helps you to achieve your financial goals. This plan also provides the much needed life insurance protection in case of any unfortunate events.
Feature of Policy :
Flexible Policy Terms, Flexibility to choose from range of Portfolio strategies like SMART or AAA, Flexibility to choose between 7 investments fund option, Flexibility to choose from 6 riders for additional protection and Tax benefits under section 80C and 10(10D) as per the Income tax act, 1961.
Eligibility to purchase the policy :
Minimum Issuing age is 4 years, Maximum issue age is 60 years, Maximum Maturity period of policy 75 years, Policy Terms are 15 years to 40 years, Premium payment terms are regular and annual mode is Rs.20,000 per year, for semi annual, quarterly, monthly mode Rs.24,000 per year, maximum sum assured is 60 times the annualised premium.
Benefits available from this policy :
Maturity Benefits : on survival to the end of the policy term, you will receive the total fund value which is equal to the value of the regular premium fund plus the value of the top up premium fund valued at applicable unit price.
Death Benefits : As per policy terms and conditions.
Manage your investments :
Ample flexibility to manage your money so that you can reap maximum benefits of your investments.
Switching between the Funds :
During the policy term, you may switch your investment or part of investment from one fund to another as per your outlook about the markets. Switching may be restricted if any one of the portfolio strategies is chosen. Please refer to the respective portfolio strategy for details. A total of 12 free switches are allowed in a policy year after which charges will be applicable on further switches as shown under “What are my Premium and Policy charges?”
Premium Re-direction:
Premium Re-direction facility helps you to allocate future premiums to a different fund or set of funds. There is no premium – redirection charge.
Premium Re-direction will not be allowed if SMART or AAA are chosen.
Partial Withdrawal Charges : There is no Partial withdrawal charges under TATA AIG life invest assure Flexi Supreme policy.
Fund Switching Charges : There are 12 free switches per policy year. Thereafter a charge of Rs.100/- per switch will be applicable.
Premium Re-direction charges : There is no Premium Re-direction Charges in this policy.
Other Facilities :
Free look period for 15 days after you receive the policy documents. Grace period is 30 days. Backdating is not allowed in this policy. Policy Loan is not allowed in this policy. Tax benefits are as per Income Tax Act, 1961, and 10(10D) is also available
If you are purchase this policy. Your retirement plan either your children’s higher education or for your children’s marriage this policy helps you. If you want more details for this policy please contact nearest TATA AIG Life insurance office or you are decided to purchase this policy please contact : +91-98860-43598 in Karnataka.
TATA AIG Life insurance introduced a new policy that is invest assure flexi supreme policy.
Whatever your dreams, you can mould your insurance plan to realise them, the insurance requirements may be different depending on our age and financial position. We may have different time horizon for investments as they depend on the underlying needs. For instance depending on your min term or long term goals you need a lump sum amount for your children higher education or their marriage or your retirement time.
This plan is a unit linked endowment insurance plan that provides you with ample flexibility to suit your needs and priorities and helps you to achieve your financial goals. This plan also provides the much needed life insurance protection in case of any unfortunate events.
Feature of Policy :
Flexible Policy Terms, Flexibility to choose from range of Portfolio strategies like SMART or AAA, Flexibility to choose between 7 investments fund option, Flexibility to choose from 6 riders for additional protection and Tax benefits under section 80C and 10(10D) as per the Income tax act, 1961.
Eligibility to purchase the policy :
Minimum Issuing age is 4 years, Maximum issue age is 60 years, Maximum Maturity period of policy 75 years, Policy Terms are 15 years to 40 years, Premium payment terms are regular and annual mode is Rs.20,000 per year, for semi annual, quarterly, monthly mode Rs.24,000 per year, maximum sum assured is 60 times the annualised premium.
Benefits available from this policy :
Maturity Benefits : on survival to the end of the policy term, you will receive the total fund value which is equal to the value of the regular premium fund plus the value of the top up premium fund valued at applicable unit price.
Death Benefits : As per policy terms and conditions.
Manage your investments :
Ample flexibility to manage your money so that you can reap maximum benefits of your investments.
Switching between the Funds :
During the policy term, you may switch your investment or part of investment from one fund to another as per your outlook about the markets. Switching may be restricted if any one of the portfolio strategies is chosen. Please refer to the respective portfolio strategy for details. A total of 12 free switches are allowed in a policy year after which charges will be applicable on further switches as shown under “What are my Premium and Policy charges?”
Premium Re-direction:
Premium Re-direction facility helps you to allocate future premiums to a different fund or set of funds. There is no premium – redirection charge.
Premium Re-direction will not be allowed if SMART or AAA are chosen.
Partial Withdrawal Charges : There is no Partial withdrawal charges under TATA AIG life invest assure Flexi Supreme policy.
Fund Switching Charges : There are 12 free switches per policy year. Thereafter a charge of Rs.100/- per switch will be applicable.
Premium Re-direction charges : There is no Premium Re-direction Charges in this policy.
Other Facilities :
Free look period for 15 days after you receive the policy documents. Grace period is 30 days. Backdating is not allowed in this policy. Policy Loan is not allowed in this policy. Tax benefits are as per Income Tax Act, 1961, and 10(10D) is also available
If you are purchase this policy. Your retirement plan either your children’s higher education or for your children’s marriage this policy helps you. If you want more details for this policy please contact nearest TATA AIG Life insurance office or you are decided to purchase this policy please contact : +91-98860-43598 in Karnataka.
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