Tata AIG Life Maha Life Gold The Whole Life Plan
The TATA AIG life insurance company is introduced new policy product that is Maha life gold policy. This policy have very easy installments and easy payments and secure your childrens life. The AIG Life Mahalife Gold is a deferred participating whole life plan that provides you with lifetime protection and guaranteed lifetime annual income till the policy holder age of 100. One is eligible for this policy right from birth, which means, if you buy this policy for your children’s you only have to pay premiums for 15 years after which the child gets guaranteed annual income as well as coverage for his entire life.
Policy Other benefits :
Tax benefits to the parents.
Guaranteed income to the child.
Create a Legacy for the next generation.
Minimum or Maximum issue age is 0 to 60 years, Maximum policy maturity age is 100 years, Minimum annual premium is Rs.2500, Maximum Renewal of Age is 75 years only. Minimum sum assured is Rs.25,000/-, Maximum sum assure is no limit but subject to financial underwriting.
The Rate of Premium^.
The premium is decided according to the age of the applicant and is dependent on the coverage chosen. The Tata AIG life Maha Life Gold plan has four premium paying age bands. 0-35, 36-45, 46-50 and 51-55 years. Premiums from age 56-60 are age –specific rates. The minimum coverage limit is Rs.25,000 while the maxium coverage is subject to approval from financial underwriters. For a clear understanding of the premium payments, take a look at the adjoining table.
Payout in case of Death:
In case of unfortunate loss of life before the completion of age 4 of the life insured, the amount payable will be age of death is 0, 20% of sum assured, age of death is 1, 40% of sum assured, age of death 2, 60% of sum assured, age of death is 3, 80% of sum assured.
Annual Coupons and Annual Cash Devidends:
You will receive by cheque every year for coupons from the 10th policy anniversary onwards and towards annual cash dividends from the 6th policy anniversary. The earlier you start, the more the coupons.
Grace Period :
Tata AIG life allows a grace period of 31 days for all modes of payments from the due date for you to make the premium payments. The policy will remain in force during the period. The policy shall laps and have no further value if premium is not paid within the grace period, except if it has acquired any cash value.
Automatic Premium Loan :
In case you are unable to pay the premium within the Grace period, the premium then due will be advanced as an automatic loan to you. this facility is provided if the cash value is equal to or greater than the premium in default plus any indebtendness. This feature is availalbe if the policy has acquired the cash value.
Tax benefits :
You are eligible to get a tax benefits from this policy as per current tax law says.
Guaranteed Surrender Value for your policy :
You are entitled to guaranted surrender value, which referes to guaranteed amount of cash value of the policy equal to 30% of total amount of the premiums of the basic policy paid, excluding the 1st year premium and all extra premium of the basic policy provided the premium has been paid for at least three consecutive years.
Within 15 day money back guarantee :
This plan is supported by a money back guarantee. In case you changed your mind, simply return the policy document within 15 days of receipt and your premium will be refunded subject to deduction of proportionate risk premium, medical examination and stamp duty charges.
In the insured, whether same or insurance commits suicide within one year from the policy issue date or commencement date or reinstatement date, whichever is later, the amount payable shall be limited to the refund of premium paid less any indebtedness, without interest.
If you purchase this policy your children’s will be happy and secured there life. So, if you are interested in this TATA AIG LIFE MAHA GOLD LIFE POLICY Please contact on this no.+91-98860-43598.
The TATA AIG life insurance company is introduced new policy product that is Maha life gold policy. This policy have very easy installments and easy payments and secure your childrens life. The AIG Life Mahalife Gold is a deferred participating whole life plan that provides you with lifetime protection and guaranteed lifetime annual income till the policy holder age of 100. One is eligible for this policy right from birth, which means, if you buy this policy for your children’s you only have to pay premiums for 15 years after which the child gets guaranteed annual income as well as coverage for his entire life.
Policy Other benefits :
Tax benefits to the parents.
Guaranteed income to the child.
Create a Legacy for the next generation.
Minimum or Maximum issue age is 0 to 60 years, Maximum policy maturity age is 100 years, Minimum annual premium is Rs.2500, Maximum Renewal of Age is 75 years only. Minimum sum assured is Rs.25,000/-, Maximum sum assure is no limit but subject to financial underwriting.
The Rate of Premium^.
The premium is decided according to the age of the applicant and is dependent on the coverage chosen. The Tata AIG life Maha Life Gold plan has four premium paying age bands. 0-35, 36-45, 46-50 and 51-55 years. Premiums from age 56-60 are age –specific rates. The minimum coverage limit is Rs.25,000 while the maxium coverage is subject to approval from financial underwriters. For a clear understanding of the premium payments, take a look at the adjoining table.
Payout in case of Death:
In case of unfortunate loss of life before the completion of age 4 of the life insured, the amount payable will be age of death is 0, 20% of sum assured, age of death is 1, 40% of sum assured, age of death 2, 60% of sum assured, age of death is 3, 80% of sum assured.
Annual Coupons and Annual Cash Devidends:
You will receive by cheque every year for coupons from the 10th policy anniversary onwards and towards annual cash dividends from the 6th policy anniversary. The earlier you start, the more the coupons.
Grace Period :
Tata AIG life allows a grace period of 31 days for all modes of payments from the due date for you to make the premium payments. The policy will remain in force during the period. The policy shall laps and have no further value if premium is not paid within the grace period, except if it has acquired any cash value.
Automatic Premium Loan :
In case you are unable to pay the premium within the Grace period, the premium then due will be advanced as an automatic loan to you. this facility is provided if the cash value is equal to or greater than the premium in default plus any indebtendness. This feature is availalbe if the policy has acquired the cash value.
Tax benefits :
You are eligible to get a tax benefits from this policy as per current tax law says.
Guaranteed Surrender Value for your policy :
You are entitled to guaranted surrender value, which referes to guaranteed amount of cash value of the policy equal to 30% of total amount of the premiums of the basic policy paid, excluding the 1st year premium and all extra premium of the basic policy provided the premium has been paid for at least three consecutive years.
Within 15 day money back guarantee :
This plan is supported by a money back guarantee. In case you changed your mind, simply return the policy document within 15 days of receipt and your premium will be refunded subject to deduction of proportionate risk premium, medical examination and stamp duty charges.
In the insured, whether same or insurance commits suicide within one year from the policy issue date or commencement date or reinstatement date, whichever is later, the amount payable shall be limited to the refund of premium paid less any indebtedness, without interest.
If you purchase this policy your children’s will be happy and secured there life. So, if you are interested in this TATA AIG LIFE MAHA GOLD LIFE POLICY Please contact on this no.+91-98860-43598.
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