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Tata AIG Life Launches Two Ulip Products

by Lyju Kuruvilla on  November 11, 2011 at 11:38 AM Health Insurance News   - G J E 4
Private insurer Tata AIG Life Insurance Company today launched two unit linked products - "Tata AIG Life Insurance InvestAssure Gold Supreme" and "Tata AIG Life Insurance InvestAssure Maximizer".
 Tata AIG Life Launches Two Ulip Products
Tata AIG Life Launches Two Ulip Products
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In Tata AIG Life Insurance InvestAssure Gold Supreme, a policyholder can avail of life insurance protection for the whole of life as also leave a legacy by paying premiums for 5 or 7 years.

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With Tata AIG Life Insurance InvestAssure Maximizer, the policyholder can choose a life cover term ranging from 20 to 40 years by paying premiums for 5 or 7 years.

In addition, it also offers the choice of two life cover options - Premium Life Cover (death benefit is the combination of Sum Assured and Fund value) and Standard Life Cover (death benefit is higher of Sum Assured or Fund value).

"Each of these products caters to a specific customer need and offers distinct benefits: Tata AIG Life Insurance InvestAssure Gold Supreme, with whole of life coverage and Tata AIG Life Insurance InvestAssure Maximizer, with the extraordinary flexibility in life cover options, among other features," company Managing Director and CEO Suresh Mahalingam said.

Tata AIG Life Insurance InvestAssure Gold Supreme can be purchased by an individual at any age ranging from 4-60 years with a maximum maturity age of 100 years, while Tata AIG Life Insurance InvestAssure Maximizer can be purchased by an individual at any age ranging from 4-55 years with maximum maturity age of 75 years.

Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint venture company, formed by Tata Sons and AIA Group.

Source: Medindia
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