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.
â€śTata AIA Life Insurance MahaLife Gold Plus not only protects the standard of living of the insured but also his future generations,â€ť saidÂ Amitabh Tapadar, Chief Marketing Officer, Tata AIA Life. â€ťAlong with lifelong* coverage, guaranteed and non-guaranteed benefits, the plan provides additional protection throughÂ Inflation Protection CoverÂ that enhances the sum assured every 15 years,â€ť 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)Â
- Limited period paying term of just 15 yearsÂ
- Ensures financial protection for oneâ€™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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