Tata AIG Life launches single premium unit linked plan

Our Corporate Bureau
20 September 2006

This plan combines the security of a life insurance plan and provides the opportunity to earn higher, market linked returns.

It is an easy investment policy option for those who are looking at investing lumpsum cash for long-term tenure of 15, 20, 25 and 30 years. The premium paid under this policy is eligible for tax deduction under Section 80C of the Income Tax Act, 1961.

InvestAssure Plus will provide the policyholder with the option of investing under the following five pure investment funds:

• Equity Fund;
  
• Income Fund;
  
• Short Term Fixed Income Fund;
  
• Aggressive Growth Fund;
  
• Stable Growth Fund.

The policyholder has the option to choose from different investment funds depending on the prevailing market conditions and the risk appetite.

According to Trevor Bull, managing director, Tata AIG Life, "The launch of this policy comes close on the heels of the new IRDA guidelines for unit-linked products and the addition of InvestAssure Plus to our exciting product suite will enable us to fulfill the new needs of our existing customers and meet the needs of fresh customer type."