Tata AIG Life Assure – Career Builder Plan

March 17th, 2010

Tata AIG Life Assure Career Builder is a children’ s life insurance plan. Tata Aig’ s aim is to give your child the financial support they’ll need in various stages in their life.

Below are some unique features and benefits of Tata Aig Life Insurance – Career Builder Plan.

Unique Features :

  1. Guaranteed pay out at various stages of your child’s life, i.e. 20% sum assured on your child’s 18th -21st -24th birthday respectively and the remaining 40% when the policy matures, i.e. on your child’s 27th birthday.
  2. Partial payments against the policy will not affect the full payment of the sum assured in case of the insured’s death.
  3. Whats more! A guaranteed additional payment of 10% of the sum assured will be paid at the time of maturity or death (policy must be in force for a minimum 10 years).
  4. Interest earned on your accumulated bonus, as announced by the Company, is credited to your policy when it gets over.
  5. A terminal bonus ( bonus receive at the end of the term) is payable on death or maturity.

Tax Benefits, Riders and Age Eligibility :

  1. Minimum entry age is 0 years, with a maximum of 15 years. The policy matures at age 27.
  2. Compound reversionary bonus and terminal bonus are non-guaranteed and depend on the performance of the Company.
  3. Assure Career Builder is sustained by a money-back guarantee.
  4. 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.

Tata AIG Life Insurance – Life Plus

February 2nd, 2010

Tata AIG has always treated their customers by offering them simple and unique health and life insurance products that suites them the most.

And now with one more life insurance product – Tata AIG Life Insurance “LifePlus”, a simple, non-participating plan which provides you a life cover for a period of 20 years. And also the premiums you pay will be refunded to you, in case of no claims till maturity.

Premiums paid in this plan are liable for tax benefits under Section 80C of the Income Tax Act, 1961.

Some Benefits-

  1. Premiums are payable only for the first 15 years.
  2. In case of an accidental death, double of the sum assured will be paid.

Tata AIG Life Insurance Company in India

February 12th, 2009

TATA AIG Life Insurance Company is one of the famous life insurance companies in India that brings you a wide selection of life insurance policies for individuals, small business industries, large business industries and for associations.

On February 12, 2001 Tata AIG Life Insurance Company was licensed by Insurance Regulatory and Development Authority to operate in India. TATA AIG is the first private sector insurance company in India to introduce 24×7 dedicated, toll-free customer help lines.

The Tata brand has a strong power in shaping the Tata AIG Life brand where the customers see this brand as trustworthy, approachable and reliable. TATA AIG understands the financial behaviour of Indian customers, anticipate their protection needs and design insurance solutions that anticipate and answer customers’ needs.

The Life insurance products offered by Tata AIG Life Insurance company include:

1.Individual Life Insurance policies.
2.Retirements plans.
3.Children policies.

It also offers corporate life insurance products like:

1.Employee benefits.
2.Workplace solutions.
3.Group pensions.
4.Credit life.

It also provides additional life insurance coverage to assure the customers that the insurance policy is purely designed for them considering the needs and requirements.On 20th Jan, 2009 Tata AIG Life Insurance Company Limited announced the launch of Tata AIG Life InvestAssure Insta, an easy-to-understand and customer-friendly unit-linked insurance plan.The policy can be bought for anyone between the ages of 30 days and 60 years with maximum maturity age of 75 years.

Tata Aig Life Insurance

January 21st, 2009

Tata AIG Life Insurance is a joint venture of the TATA Group and American International Group (AIG). Tata AIG is the leading insurance and financial services organization it is the leading private sector insurance company in India.

The brand TATA AIG embodies the strength of both AIG and TATA, it seeks to understand the financial protection needs of Indian customers. TATA AIG offers wide range of life insurance products to meet the individual’s needs. There are different types of policies and services provided by them include for Individual, Corpoartions and Micro Insurance.

TATA AIG Maha Life Gold

This is in a unique policy to fund your retirement. It provides both income & insurance coverage for life. The Premiums are to be paid for the first 15 years and then are used to cover the future expenses.

A guaranteed annual coupon of the 5% of the sum assured every year for the rest of the term insured from the 10th anniversary of the policy term.

A yearly cash bonus is available from the 6th anniversary onwards (Depending on the performance of the Company)

As per the Income Tax Law the entire sum assured is paid tax-free.

Riders are also available for added protection like Disability, Accident, and Term & Critical Illness at some extra cost.

Policy is available for individual between 0 years and 60 years of age group.

Premium under this plan are eligible for tax benefits under Section 80C. The Sum received under this plan is released from tax under Section 10 (10D).

Maha Life Gold.

January 20th, 2009

Tata-aig maha-life gold is unique policy and is simply the best policy for you that will benefit while planning to fund your retirement.

This policy generally provides you a consistent income and insurance coverage for life-time.

are to be paid only for the first 15 years, and can be utilized to cover the future expenses of your children.

Policy is available for persons between 0 years and 60 years of age.

Some factors are mentioned below:

  1. you will get a guaranteed annual coupon of 5% sum assured every year, for the rest of the insured term from your policy’s 10th anniversary.

  2. You’ll get a yearly cash dividend from onwards sixth year of the policy.

  3. And last but not the least you’ll be paid the entire sum insured tax free.

  4. Premiums paid to you under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961.

  5. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.

  6. Any Disability, Accident, Term and Critical Illness riders are provided to you for added protection at a nominal extra cost.

Various Life Insurance Policy

January 15th, 2009

Tata AIG(American International Group) Life Insurance Company offers number of interesting life insurance policies in India. Tata AIG Life Insurance Company is a joint venture between Tata Group and AIG. All the insurance policies/products offered by Tata AIG Life are designed keeping in mind the needs of different categories of customers.

It provides different life insurance policies which include individual policy, large and small business industry policy , association policy and so on. It is one of the famous and fast growing companies in India. It is the first insurance company in India to provide 24*7 toll-free customer help lines. Most of the Customers believe the brand ‘TATA AIG’ as reliable, approachable, trustworthy, forward looking, etc in its dealing.

Tata AIG Life offers various life insurance products and services including children policy, retirement plans and so on. It also offers corporate life insurance products and services such as employee benefits, credit life, group pensions and workplace solutions. By investing in Tata AIG an individual/customer gets the luxury of high coverage on an affordable cost.

The latest product launched by Tata AIG is ‘InvestAssure Optima’ on 4th December 2008. Tata AIG Life also provides its customers with online payment option other than ECS(Electronic Clearing Service) which helps them to make payments through the Tata AIG Life website. For this the customer needs to specify the policy number and date of birth and pay directly through their bank account or Credit Card. This service is only available to Tata AIG life insurance policy holders for premium payment.