Tata AIG Life Insurance has launched the second series of its ‘Tata AIG Life Insurance InvestAssure Apex Supreme ULIP Plan’.
Tata AIG Life Insurance InvestAssure Apex Supreme is a 5-year limited-pay plan with a policy term of 10 years and comes with the benefit of Guaranteed Maturity Unit Price (GMUP) that secures the highest NAV achieved under the product during the 100 reset dates.
The policyholder can opt for additional protection by choosing from four rider options namely Tata AIG Life Accidental Death Benefit Rider, Tata AIG Life Accidental Death and Dismemberment (long scale) Rider, Tata AIG Life Critical Illness (lump sum) Rider and Tata AIG Life Family Income Benefit Rider.
The policy can be purchased for any individual between the ages of 18 years and 65 years. The premium paid under this plan is eligible for tax benefits under Section 80C of the Income Tax Act, 1961. The proceeds of life insurance enjoy tax benefits as per Section 10(10D).