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InvestAssure Plus is a single premium Unit Linked insurance plan especially designed for the investment-savvy. It gives you the flexibility of choosing your own investment strategy, besides providing protection to your loved ones in case of a misfortune.
This plan gives you an opportunity to make the most of good market returns, albeit with an increased investment volatility. At the same time, it does not compromise the security that you want to provide to your loved ones.
Multiple benefits of InvestAssure Plus:
• Provides security to your family in case of your unfortunate death.
• Gives you the flexibility to choose your fund based on your risk profile.
• Enables you to enjoy market-linked returns with a potential for higher growth.
Key features include:
• Policy terms of 15, 20, 25 or 30 years.
• No penalty charges for surrendering the policy any time after the 3rd year.
• Flexibility to choose your Sum Assured, depending on your age profile and your needs.
• You have a choice of premium multiples to choose from.
• Any premium not deducted for coverage and charges will be invested in the funds chosen by you viz. Equity Fund, Income Fund, Aggressive Growth Fund, Stable Growth Fund and a Short Term Fixed Income Fund.
• Flexibility to switch between funds and partial withdrawal.
• InvestAssure Plus also offers Top-ups premiums and the facility to have a Sum assured on the Top-up premium as well.
Tax Benefits
• 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.*
Age Eligibility
| Term of Policy |
Minimum Age |
Maximum Age |
| 15 years |
30 days |
60 years |
| 20 years |
30 days |
55 years |
| 25 years |
30 days |
50 years |
| 30 years |
30 days |
45 years Maturity and Death Benefits |
This distinctive policy provides a steady income and insurance coverage for life. Premiums are payable only for the first 12 years. You can even use this to cover future expenses of your children.
Key features include:
• A guaranteed annual coupon of 5% of sum assured, every year for the rest of the insured's life from the 12th policy anniversary onwards.
• If Tata AIG Life performs well, you get yearly cash dividend from the 6th policy anniversary onwards.
• On death or at maturity at age 100, the entire sum assured will be paid tax-free according to current Income Tax Laws.
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.*
• Attach Disability, Accident, Term and Critical Illness riders to this policy for added protection, at a nominal extra cost. (For juveniles, only Payor Benefit Rider is available).
• You have to be aged between 0 years and 60 years to qualify.
This unique policy is an ideal planning vehicle to fund your retirement. It provides a steady income and insurance coverage for life. Premiums are payable only for the first 15 years, and can be used to cover the future expenses of your children.
Key features include:
• A guaranteed annual coupon of 5% of the sum assured every year for the rest of the insured's term from the 10th policy anniversary.
• Yearly cash dividends are available from the 6th policy anniversary onwards (depending on Company performance).
• The entire sum assured is paid tax-free as per current Income Tax Laws.
Tax Benefits, Riders and Age Eligibility
• The guaranteed 5% coupon and non-guaranteed cash dividends are tax free as per current Income Tax Laws.
• 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.*
• Disability, Accident, Term and Critical Illness riders are available for added protection at a nominal extra cost. (For juveniles, only Payor Benefit Rider is available).
• Policy available for persons between 0 years and 60 years of age.
Do you want your child to get the best? A professional education could cost around Rs. 10 lakhs. Marriage expenses could also cost another Rs. 12 lakhs. Have you saved enough to cover these costs?
Star Kid is an exceptional Child Endowment Policy that will ensure that you can afford to give your child everything he needs.
Key features include:
• Your child will receive cash benefits to the equivalent of 20% of the sum assured at the age of 18, 19, 20, 21 & 22.
• Flexible and affordable premiums, which can be paid annually, semi-annually, quarterly, or even monthly.
• No medical examination of your child is needed.
• Free Look Period - A money-back guarantee, which allows you to return the policy within 15 days of receipt for a full refund (minus nominal administrative charges).
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.*
• Inbuilt Payor Benefit rider: In the event of Payor's death or disability the policy pays out following benefits:
a) During the premium paying period: All future premiums are waived off.
b) After the premium paying period: 50% of Sum Assured is paid to the nominee of the policy.
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 Top Providers |
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ICICI Prudential Life |
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SBI Life Insurance |
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Life Insurance Corp. |
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Bajaj Allianz Insurance |
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United India Insurance |
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