Tata AIA Life Insurance today launched MahaLife Supreme
- David Headley connects the dots: Hafiz Saeed, ISI, failed Mumbai attacks
- David Headley: Travelled to India 8 times, changed name for passport
- Rs 1.14 lakh crore of bad debts: The great government bank write-off
- Caste came up in 3 suicide probes at Hyderabad University
- Uttar Pradesh has been turned into 'Islamic state': Sena mouthpiece on Ghulam Ali concert
Tata AIA Life Insurance launched MahaLife Supreme, a limited premium paying, non- linked, non-participating, endowment insurance plan.
The plan offers a guaranteed annual income after the premium payment term till end of the chosen policy term, where customers will also get a guaranteed lump-sum at maturity, with the benefit of life insurance protection throughout the policy term, a Tata AIA Life release said.
"In this festive season, we are very happy to present a solution that can help our customers open doors to a guaranteed future. Our new product enables our customers to make the smart choice by planning both their savings outflow and the required regular guaranteed annual income inflows with the assurance of a long term insurance protection," Tata AIA Life Managing Director and CEO Suresh Mahalingam said.
MahaLife Supreme can be bought by the individuals from age 18 to 55 years with the maximum maturity age being 90 years for option 'A' and 85 years for option 'B' and provides policyholders tax benefits.
In option 'A', term of the plan is 35 years and premiums have to be paid till the 15th year, while in option 'B', the term of the plan is 30 years and premiums have to be paid till the 12th year.
Tata AIA Life is a joint venture between Tata Sons and AIA Group, a leading independent listed pan-Asia life insurance group spanning 15 markets in the Asia Pacific.
- We have turned our back to the intense food and drinking water distress
- Strategies anchored in incubators fail to foster entrepreneurship
- Existing regime of film censorship is unconstitutional
- Section 377: A right to love
- PM Oli has been lucky, but his political survival looks uncertain
- Across the aisle- MGNREGA: Making a meal of words