Tata AIG Life launches Whole Life and Endowment Ulip products
Private insurer Tata AIG Life Insurance Company today launched two unit linked products – Tata AIG Life Insurance InvestAssure Gold Supreme and Tata AIG Life Insurance InvestAssure Maximizer.
Tata AIG Life Insurance InvestAssure Gold Supreme a policyholder can avail of life insurance protection for the whole of life as also leave a legacy by paying premiums for 5 or 7 years. This being a whole life plan.
With Tata AIG Life Insurance InvestAssure Maximizer, the policyholder can choose a life cover term ranging from 20 to 40 years by paying premiums for 5 or 7 years. This is an endowment plan.
In addition, it also offers the choice of two life cover options – Premium Life Cover (death benefit is the combination of Sum Assured and Fund value) and Standard Life Cover (death benefit is higher of Sum Assured or Fund value).
To summarize the differnce between the 2 plans, Gold Supreme plan is a Whole Life plan verses Maximizer is an Endowment plan. Also, the death benefit is different in case of Maximizer, it has got 2 options to chose. This gives the flexibility to the policy holder to choose between Standard and Premium life Cover.
Read in details each of the plan by clicking the link below.
Tata AIG Life Insurance InvestAssure Gold Supreme
Tata AIG Life Insurance InvestAssure Maximizer
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Apparently this is what the etsemeed Willis was talkin’ ’bout.
A nice post with lots of food for thought.