Tata AIG Life Insurance : Assure Golden Years Plan

September 29th, 2007 Leave a comment Go to comments

Assure Golden Years is an endowment policy that provides both safety and steady returns. In the unfortunate event of your death, your Dependants will receive the sum assured; otherwise your savings will continue to grow. Should you live past the term of the policy, you will receive both the sum assured as well as a host of bonuses.

Key features include:

  • A guaranteed addition of 10% of the sum assured if the policy has been in force for 10 years or more, is payable on death or maturity.
  • A reversionary bonus is payable on death or maturity.
  • A Terminal bonus paid on maturity or death if the policy has been in force for a minimum 10 years.
  • Reversionary and Terminal bonuses are non-guaranteed and are dependent on Company performance.

    • Tax Benefits, Riders and Age Eligibility

  • Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.*
  • Term, Accident, Disability and Critical Illness riders are available for added protection.
  • Policy duration runs from the time of purchase up to age 60.
  • Policy is available for persons between 18 to 50 years of age.

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