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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.
bull; 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 |
If you outlive the 20-year term of a LifePlus policy, all of your premium payments will be refunded; if you die by natural causes while the policy is in force, your beneficiaries will receive the sum assured; should you die due to accidental causes, your beneficiaries will receive double the sum assured.
Key features include:
• All premiums paid are returned (without interest) in the event you outlive the policy's 20-year term.
• Premiums are payable only for the first 15 years of the 20-year term.
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.*
• Policy available for persons between 18 and 60 years of age.
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.
A simple term plan ideal for young families with large financial obligations at extremely low premiums and yet providing high life coverage.
Key features include:
• Policy terms of 10, 15, 20 and 25 years.
• Multiple premium payment options - annual, semi-annual, quarterly or monthly.
Tax Benefits 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.*
• Policy is available to persons between the ages of 18 and 50 years.
• The policy is renewable up to a maximum age of 59, and expires when the insured attains the age of 60.
Have you been delaying getting life insurance because you cannot afford to pay high monthly premiums? Then we have the ideal product for you.
ShubhLife provides you 100% life insurance protection and a range of bonuses but the premiums you pay are among the lowest of any similar endowment policy.
Key features include:
• Term policies just give you death cover. This policy gives you bonuses along with death cover.
• You can choose a term of 10, 15, 20, 25 or 30 years.
• Apart from full premium paying term, you can pay your premiums over 3, 5, 7 or 10 years.
• Guaranteed addition of 3% of sum assured of the Basic Policy is added on the first (1st) policy anniversary and on every alternate policy anniversary thereafter up till a maximum of half the policy term. The GA will be payable if the insured dies while the policy has been in force or if the policy matures.
• A simple reversionary bonus will be credited from the sixth policy anniversary until the end of the plan term depending on the performance of our Company.
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, Waiver of premium and Critical Illness riders to this policy for added protection.
| Endowment Plan |
Age Eligibility |
| 10 Years |
18 to 65 Years |
| 15 Years |
18 to 60 Years |
| 20 Years |
18 to 55 Years |
| 30 years |
18 to 50 Years |
| 30 years |
18 to 45 Years |
Quality healthcare is expensive; you need a policy that covers all contingencies. HealthFirst provides you with security by guaranteeing a lump sum irrespective of your medical bills. You can purchase this policy while your existing medical insurance policy is still in force and renew it until age 64 without additional medical examinations.
Key features include:
The benefits shown below are for a policy purchased for 10 units
• Daily Hospitalization Benefit (DHB): During hospitalization, we will pay an allowance of Rs. 2,500 per day.
• Surgical Benefit: A lump sum of Rs. 1,25,000 is paid for specified surgical procedures. We pay the complete amount, even if the procedure costs less. This benefit is payable only if DHB is payable.
• Post-hospitalization Benefit: After hospitalization, we will pay Rs. 1,250 a day for follow-up treatment (up to a maximum of 3 days). This benefit is payable only if DHB is payable.
• Critical Illness Cover: You get Rs. 12.50 lakhs in the case of first diagnoses of specified of the 12 critical illnesses.
• Death Benefit: In the unfortunate event of your death, coverage of Rs. 10,000 is provided to protect your family. This benefit is payable if no other benefit has been claimed for.
• Policy can be purchased from 1 to 10 units.
Tax Benefits and Age Eligibility
• Premiums paid for Health Insurance Benefits are eligible for tax benefits under section 80D, while premiums for Life Insurance Benefits are eligible for tax benefits under section 80C of the Income Tax Act, 1961.*
• Policy available for persons between 18 and 60 years of age.
• Treatment must occur at a pre-approved hospital.
Tata AIG Life Health Protector - 5 Years Guaranteed Renewal Accident & health Plan More Details
This product is designed to protect you against most unforeseen causalities through a wide spectrum of benefits. So that you can live worry-free. Policy premium remains constant for 5 years.
Key features include:
• Accidental Death Benefit (ADB):
Under this benefit, in the event of your unfortunate death due to accident, your family will receive an amount equal to ADB sum assured that has been specified by you .
• Family Accidental Death and Dismemberment Benefit (FADD):
In the event of your unfortunate death due to accident your family will receive 100% of the your sum assured; in case of an unfortunate accident that results in the death of the spouse, you receive 50% of the your sum assured and in the case of children you can claim a benefit that amounts to 25% of your sum assured. In case of dismemberment, you will be paid the full amounts as mentioned above or a percentage of those based on the severity of the dismemberment.
• Accidental Hospitalization Cash (AHC):
On minimum confinement of 3 consecutive days a lump sum amount equal to the AHC Sum Assured will be paid.
• Total Permanent Disability (TPD):
Under this benefit a lump sum amount equal to the TPD sum assured will be paid in the event of sickness and accident.
• Critical Illness (CI):
This benefit provides you with a lump sum on diagnosis of any 1 of 12 Critical Illness or Surgeries.
• Cancer Care:
In case you are diagnosed with cancer, the policy shall provide you with a lump sum amount.
• Death Benefit:
In the unfortunate event of your death this entitles your family to the sum assured as opted by you for this benefit
• FADD will not be offered if ADB has been taken.
• Cancer and CI cannot be taken together.
Tax Benefits and Age Eligibility
• Premiums paid for Health Insurance Benefits are eligible for tax benefits under section 80D, while premiums for Life Insurance Benefits are eligible for tax benefits under section 80C of the Income Tax Act, 1961.*
• Anyone between ages 18 and 60 can apply for this policy.
Tata AIG Life Nirbhay Life More Details
Tata AIG Life has a whole new participating plan which will surprise you continually with its remarkable benefits. Premiums are payable only for the first 9 years, after which you will receive all your money and much more!
• You can opt for a policy that lasts 12, 15 or 20 years.
• During the term of the policy, you will receive 130% of the sum assured.
Tax Benefits, Additional Benefits 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.*
• For insured age of less than 18 years, the Payor benefit is inbuilt.
• For insured age of 18 years and above, waiver of premium and accidental death benefit are inbuilt.
• Anyone in the age group 6 years - 55 years is eligible for the policy.
Retirement Planning
• Assure Golden years Plan
• InvestAssure II
• InvestAssure Gold
• MahaLife
• MahaLife Gold
• Nirvana
• Nirvana Plus
Corporate Solutions
• Employees Benefits
• Credit Life
• Group Pensions
• Workplace Solutions
Micro Insurance
• Navkalyan Yojana
• Ayushman Yojana
• Sampoorn Bima Yojana
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