Tata AIG Life enhances its ULIP ''InvestAssure'' with five rider options

Mumbai:
17 November 2004

Ian J-Watts, managing director, Tata AIG Life Insurance Company Ltd said, "Our unit linked insurance plan, InvestAssure has been well received since its launch earlier this year. It has emerged as an ideal investment vehicle as it empowers the policyholder to optimise their returns and at the same time not compromise on the security that every investor / insured would want to provide to their loved ones. With the launch of five powerful rider options, we have further enhanced InvestAssure."

InvestAssure is the most flexible unit-linked insurance plan in the market today that gives investors the flexibility to choose the amount of life cover (50 per cent or 100 per cent of the premium multiple), investment fund and also the flexibility to top their investments (single top-up premium or regular top-up premium) at any-time during the life of the plan.

Tata AIG Life avails non-discretionary investment advisory services of Franklin Templeton Investments (India) on its unit-linked insurance plan (under the portfolio management services license).

With the launch of these riders on 'InvestAssure', Tata AIG Life offers the insured the option of availing a plethora of additional risk cover benefits. By paying a nominal additional premium, the insured can choose to buy from any of the 5- powerful rider options.

Accidental death benefit rider: Provides for an additional amount (upto a maximum of equal to the sum assured) in case of death due to an accident.

Accidental death and dismemberment rider: This coverage includes an accidental death benefit maximum (upto a maximum of equal to the sum assured) and a schedule of benefit percentages of the sum assured payable in case of accidental dismemberment or severe burns. A double indemnity is payable for certain accidental deaths as described in the contract.