Tata AIG Life is proud to present Tata AIG Life InvestAssure Apex a unique unit-linked life insurance plan that provides a platform ensuring the upside potential of the equity markets while safeguarding the investors interest by offering a Guaranteed Maturity Unit Price.This product is open for sale for a limited period only.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
Key Advantages:
- A novel investment fund Apex Return Lock-in Fund which on the policy maturity guarantees the highest noted unit price on the defined set of 100 reset dates during your policy term
- You can access your investment through partial withdrawal to meet your liquidity needs
- In this unit linked plan you have the convenience of limited premium payment
Key Features and Benefits:
- The annualized policy premium, net of applicable charge (including service tax), is allocated to the Apex Investment Fund.
- On the immediate reset date, the amount in Apex Investment Fund will be switched to Apex Return Lock-in Fund using the unit price determined as of 3.00 p.m. on that day.
- Apex Return Lock-in fund is a unique close ended fund which on the policy maturity guarantees the highest noted unit price (NAV) on the defined set of 100 reset dates during your policy term.
- Reset dates are the 10th Day of every calendar month applicable only for Apex Return Lock-in Fund on which the unit price of the fund is noted for the purpose of calculation of Guaranteed Maturity Unit Price. The Unit Price is Rs 10 on the first Reset Date.
- Death Benefit: In case of unfortunate demise of the policyholder the beneficiary will receive Higher of Sum Assured or Fund Value at the applicable Unit Price.
- Maturity Benefit: On survival till the end of the policy term the policyholder will receive higher of Fund Value at the applicable Unit Price or Guaranteed Maturity Unit Price multiplied by the number of Units of the Apex Lock-in Fund.
Riders:
Option to attach any of the 3 following riders at a nominal extra cost - Tata AIG Life Accidental Death Benefit (ADB) Rider (UIN 110C003V01), Tata AIG Life Accidental Death and Dismemberment (ADDL) (Long Scale) Rider (UIN 110C004V01) or; Tata AIG Life Critical Illness (Lump Sum) Rider (UIN 110C012V01).
Eligibility:
- Minimum issue age of 18 years, maximum issue age of 70 years with maximum age at maturity of 80 years.
- Minimum Premium: Rs.90,000 p.a.
Tax Benefits
Premiums paid under this plan are eligible for tax benefits under section 80C of the Income Tax Act, 1961. Premium paid towards Tata AIG Life Critical Illness Lump Sum Benefit Rider is eligible for tax benefit U/s 80D of the same act. Moreover, life insurance proceeds enjoy tax benefits as per section 10(10D) of the said Act.
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