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Tata AIG Life Investassure Apex Supreme Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.


Tata AIG Life InvestAssure Apex Supreme Plan


Tata AIG InvestAssure Apex Supreme Plan is a non-participating Unit-linked endowment insurance plan. This is a 5 year limited pay plan with a policy term of 10 years and comes with the benefit of a guaranteed maturity unit price (GMUP). It also provides a guaranteed maturity addition that is payable on maturity and death benefit for the financial protection. 



Key Features of Tata AIG InvestAssure Apex Supreme Plan


§         Unit linked insurance plan which does not participate in the company’s profits

§         Limited Premium paying term of 5 yrs (policy term is 10 years)

§         Premium is invested in high quality short-term debt to generate better returns with high level of safety

§         Partial withdrawals allowed from 6th policy year




Benefits you get from Tata AIG InvestAssure Apex Supreme Plan


Death Benefit – In case of death of the Life Insured, the nominee gets paid higher of:

Sum Assured (less partial withdrawals if any)


Total Fund Value


105% of total regular premiums paid (less partial withdrawals if any)


Maturity Benefit – On maturity you get paid higher of:

Fund Value at applicable Unit price + Guaranteed Maturity Addition


Guaranteed Maturity Unit Price x no of units of Apex Supreme Return Lock in Fund II + Guaranteed Maturity Addition


Guaranteed Maturity Addition – Payable on maturity and is 1% of the regular premium fund


Income Tax Benefit – Tax benefit available under section 80C & 10(10D)

Eligibility and other restrictions in Tata AIG InvestAssure Apex Supreme Plan






Sum Assured (in Rs.)

For Issue Age < 45 yrs

10 x Annualised Premium


25 x Annualised Premium

For Issue Age >= 45 yrs

7 x Annualised Premium

10 x Annualised Premium

Policy Term (in years)


Premium Payment Term (in years)


Entry Age of Policyholder



Age at Maturity



Payment modes

Annual, Half-yearly, Quarterly & Monthly



Sample illustration for Tata AIG InvestAssure Apex Supreme Plan


Premium = Rs.1,00,000

Age = 30 years & 40 years

Policy Term = 10 years

Premium Paying Term = 5

Sum Assured = Rs 10,00,000

Total Investment = Rs.1,00,000 x 5 years = Rs. 5,00,000


Tata AIG Life InvestAssure Apex Supreme Plan Sample Illustration

Additional Features and Benefits of Tata AIG InvestAssure Apex Supreme Plan


Riders – You can choose from following 4 options

1.       Accidental Death Benefit Rider

2.       Accidental Death  and Dismemberment Rider

3.       Critical Illness Rider with Lump Sum Benefit

4.       Family Income Benefit Rider


Investment Fund Options:

1.       Apex Supreme Investment Fund II

2.       Apex Supreme Return Lock-in Fund II (with GMUP benefit)


Partial Withdrawal - Minimum partial withdrawal amount is Rs 5,000 and is allowed from 6th policy year. Maximum 4 withdrawals are allowed in a year.

What happens if?


You stop paying the premium – There are 3 options

  1. You can revive the policy within 30 days of receiving notice from the company.
  2. The Total Fund Value is credit to the ‘Discontinued Policy Fund’ after deduction of Discontinuance Charge. The insurance cover ceases and the discontinued policy fund including minimum interest of 3.5% p.a is refunded at end of the Lock-in Period of 5 years.
  3. In case of death of the Life Assured during this period, the proceeds of Discontinued Policy Fund are paid immediately to the nominee.


You surrender the policy – Before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.


After completing 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.


You want a loan against your policy - Loan is not allowed on this policy


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