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Wednesday, January 12, 2011

TATA AIG LIEF LAKSHYA SUPREME POLICY

TATA AIG LIFE’s Lakshya Supreme
Tata Aig Life insurance is introduced new Lakshya supreme policy for that policy slogan is Har Lakshya Hum Banaye Aasan.

A non participating simplified issuance unit linked endowment insurance plan with enhanced features that provides you the dual benefit of investment and protection.

Policy Key Features :
Simplified issuance with dual benefit of investment and protection.
7 investment fund options to suit your investment risk profile.
Optimize your returns by investing through Systematic Money Allocation and Regular Transfer Investment and automatic asset allocation.
Avail tax benefits under section 80C and 10 (10D) of income tax act, 1961.

Minimum policy issue age 4 years age, Maximum issue age 55 years for 20 years term, Maximum Maturity age 75 years, Policy Term is 20-30 years, Premium payment terms are as per policy term. Premium mode is annual, semi annual, quarterly and monthly systems. Minimum annualised premium amount is 20,000 for annual mode, 24,000 for semi annual, quarterly or monthly modes. Maximum annualised premium is Rs.50,000/-

Benefits under this plan :
This non participating unit linked endowment insurance plan offers the so many benefits.

Maturity Benefits :
On survivial to the end of the policy term, you will receive the total fund value which is equal to value of the regular premium fund plus value of top – up premium fund valued at applicable unit price.

Death Benefits :
In case of unfortunate death of the insured while the policy is in force and before the maturity date, the nominee will get : the basic sum assured net of all partial withdrawals, if any from the regular premium fund value, The regular premium fund value, 105 percent of the total regular premiums paid net of all deductable partial withdrawals, if any, from the regular premium fund value.

Flexibility of Premium Mode :
You may chose to pay your premiums annually, semi annualy, quarterly of even monthly as per you convenience. Monthly premium 0.083 of annualized premium, quarterly premium 0.25 of annualized premium, Semi annual premium 0.50 of annualized premium subject to minimum premium conditions for each mode.

In this policy your money is invested, this product offers you the flexibility to invest in a manner that suits your risk profile and individual needs. You can choose from the 7 investment fund options, Choose any of portfolio strategy from below,
Systematic Money allocation and regular transfer (SMART).
automatic asset allocation.

Premium and policy sum charges :
Premium allocation charges.
Policy Administration charges.
Fund Management Charges.
Mortality charges.
Discontinuance charges.
Partial withdrawal charges.
Fund switching charges.
Premium Re-direction charges.

Other plans in features:
Free look period.
Grace Period.
Backdating.
Policy Loan.
exclusions and tax benefits from this policy.

You can manage 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 in chosen. Please refer to the respective portfolio strategy for details. A total of 12 free switches are allowed in this policy.

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 is not available if SMART or AAA option is chosen.

If you are decided to purchase or interested in this TATA AIG LIFE LAKSHYA SUPREME POLICY Please contact on this no.+91-98860-43598.

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