Tata AIA Life launches new plan

Tags: News
Private insurance company Tata AIA Life today launched a plan with 'whole of life' cover up to the age of 85 years to fulfil both short term as well as future needs of an individual.

The plan, MahaLife Gold, also offers protection with a life cover for the entire term of the policy and tax benefits.

"MahaLife Gold celebrates life with three generations. First, one gets tax benefits on the premiums paid. Then his child gets guaranteed and non–guaranteed income along with life coverage till maturity.

"Finally, it creates a legacy for the next generation, who will get the sum assured on maturity," Tata AIA Life said in a release here.

Other key features of the plan are 5.5 per cent guaranteed annual coupons starting from 10th policy anniversary till maturity, non-guaranteed cash dividends annually from 6th policy anniversary till maturity and lump sum payment at maturity in addition to the regular income, the private life insurer said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Child abuse needs to be tackled with the seriousness it deserves

    The Bangalore rape case has again brought into focus an issue we Indians forever shy away from facing up to — child sexual abuse.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: THE BASE RATE BIAS

Base rate fallacy, also called base rate neglect or base ...

Parvez Imam

Revisiting history can do us all good

We often think that we understand history. We read it ...

Bubbles Sabharwal

Your happiness doesn’t depend on your needs

They are two different words (and even worlds) altogether: having ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture