Tata AIG Life Insurance Company Limited
Tata AIG Life Assure
Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint venture company between the Tata group and the American International Group (AIG).
Tata holds 74 per cent while AIG holds 26 percent stake in the venture.
The company started operations in India on April 1, 2001. The company offers products and services in India with offices at Ahmedabad, Bangalore, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jamshedpur, Jodhpur, Kochi, Kolkata, Mangalore, Mumbai, New Delhi, Pune, Rajkot, Trichi, Vijaywada and Lucknow.
The Tata AIG product portfolio includes children's plans, retirement plans, wealth creation plans, and traditional insurance plans. The company also offers micro insurance products to low-income groups.
Policy Details
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Plan Name | Tata AIG Life Assure | |
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Coverage: | In case of the unfortunate death during the tenure the plan protects the family by paying them the sum assured, | |
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Exclusions: | If the insured, whether sane or insane, commits suicde within one year from the issue date or commencement date or reinstatement date, whichever is later, our liabilty shall be limited to the refund of premiums paid less any indebtedness without interest. | |
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Grace Period: | Tata AIG Life allows a grace period of thirty-one days for all modes of payment from due date for you to make premium payment. The policy will remain in force during the period. The policy shall lapse and have no further value if premium is not paid - with in grave period, except if it has acquired any cash value. | |
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Premium Frequency: | Monthly, quarterly, Semi-annually, annually | |
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Max Age at maturity: | Data not available | |
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Pre-mandatory Medicals: | Data not available | |
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Cost of Health Checkup: | Data not available | |
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Conversion Option: | Yes | |
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Number of Riders Covered: | 0 | |
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Riders: | Riders not available | |
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Surrender Value: | Data not available | |
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Revival of Lapse Policy: | In case your policy has lapsed, you may reinstate the same at the absolute discretion of Tata AIG Life Insurance Company Limited with in five years of the due date of the first unpaid premium. | |
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Income Tax benefit: | The premiums paid under this policy will be eligible for rebate as per sec. 80 C of the Income Tax Act, 1961. Benefits received from the life insurance policy are exempt from Income Tax under Sec 10 (10 D) of the Income Tax Act, 1961. However, it is advised that the proposer may consult his tax advisor for further details. | |
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