Tata AIA Life launches Mahalife Gold Plus

India Infoline News Service | Mumbai |

Tata AIA Life Insurance Mahalife Gold Plus is a non-linked participating plan

Tata AIA Life Insurance Company Limited (Tata AIA Life) has launched Tata AIA Life Insurance MahaLife Gold Plus, a whole of life* plan that protects against the uncertainties of changing time by offering insurance protection and lifetime income.
 
Tata AIA Life Insurance Mahalife Gold Plus is a non-linked participating plan that secures the future of the insured and his loved ones, with just one policy. The plan that comes with a minimum basic sum assured of INR 2 lakhs, offers increased guaranteed benefits with higher sum assured and returns till the age 85 years.
 
“Tata AIA Life Insurance MahaLife Gold Plus not only protects the standard of living of the insured but also his future generations,” said Amitabh Tapadar, Chief Marketing Officer, Tata AIA Life. ”Along with lifelong* coverage, guaranteed and non-guaranteed benefits, the plan provides additional protection through Inflation Protection Cover that enhances the sum assured every 15 years,” Mr. Tapadar added further.
 
The key benefits of the plan are:
  • Higher tax free Guaranteed Annual Coupon^ on choosing higher insurance protection (Basic Sum Assured) 
  • Limited period paying term of just 15 years 
  • Ensures financial protection for one’s family with a Whole of Life* insurance cover
  • Non-guaranteed cash dividends annually from 6th policy anniversary till maturity or death (whichever is earlier)
  • Enables one to plan a legacy with a Guaranteed lumpsum on Maturity or death during the term


 
Tata AIA Life has launched a bouquet of solutions, compliant with the new IRDA guidelines applicable from 1st January, 2014. A key highlight of these solutions is the higher protection cover that is now available to both existing and prospective customers.
 
^from 10th to 30th Policy anniversary or death, whichever is earlier
*up to Age 85 or till Death, whichever is earlier
 


 

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