Tata AIG launches two new Ulips in the insurance market

Tata AIG Life Insurance Company has launched two new Unit-linked insurance plans called ‘Tata AIG Life Insurance InvestAssure Gold Supreme’ and ‘Tata AIG Life Insurance InvestAssure Maximizer’.


Commenting on the launch, MD & CEO of Tata AIG Life Insurance, Mr. Suresh Mahalingam, said, “We are pleased to reinforce our protection oriented unit linked portfolio with the launch of these two new products. Each of these products caters to a specific customer need and offers distinct benefits: Tata AIG Life Insurance InvestAssure Gold Supreme, with whole of life coverage and Tata AIG Life Insurance InvestAssure Maximizer, with the extraordinary flexibility in life cover options, among other features. The core of the design of these two solutions is to help our customers ensure that they are adequately protected apart from maximizing the value of their hard earned money”.


Tata AIG Life Insurance InvestAssure Gold Supreme is a whole life Ulip ideal for individuals who want the flexibility to choose from a wide range of investment funds. It is a long term policy with loyalty additions of 0.25% of the regular premium fund value which is paid every 5 years starting from the 10th year.


Individuals between the age group 4 years to 60 years can buy this policy. The maximum age at maturity in InvestAssure Gold Supreme is 100 years. A policyholder can take a life insurance protection for the whole of life. If the policyholder dies within the policy term, the beneficiary would get the sum assured or the fund value, whichever is higher.


Read our complete review of Tata AIG Life Insurance InvestAssure Gold Supreme.


‘Tata AIG Life Insurance InvestAssure Maximizer’ is a non participating Endowment Unit Linked Insurance plan. The minimum entry age is 4 years while the maximum entry age is restricted to 55 years. Age at maturity cannot exceed 75 years. A policyholder can choose from two life cover options - Standard Life Cover wherein the death benefit is higher of sum assured or fund value and Premium Life Cover wherein the death benefit is a combination of sum assured & fund value. 

A policyholder can choose from two life cover options - Standard Life Cover wherein the death benefit is higher of sum assured or fund value and Premium Life Cover wherein the death benefit is a combination of sum assured & fund value. 

Recently Tata AIG also introduced buy online feature for 3 insurance products Tata AIG Life Health First, Tata AIG MahaLife Gold and Tata AIG Life Nirvana. Tata AIG MahaLife Gold is whole life insurance plan which doubles up as a child plan. Tata AIG Life Nirvana is a traditional risk-free pension plan that offers steady monthly income on retirement. All three plans can be purchased directly from the website without the inference of an agent.
 

Most insurance companies are introducing buy online options to minimize the hassles that customers have to undergo. Online policies reduce costs, paperwork and provide complete transparency.