Since we all are humans, we have aspirations and dreams like buying a house of our own, giving our children the best education and enjoying a contented life after retirement. You can transform all these dreams into reality only by planning your finances well. Investing in Wealth Creation Plans from Tata AIG is one of the major steps in financial planning.
Tata AIG wealth creation plans provide you with more liquidity options. These plans are perfect for customers who are prone to risk and want the safety of a life insurance policy along with the returns of market-linked instruments. Tata AIG Life Insurance has a number of effective wealth solution plans on offer. Let’s check out each of them below in details.
Tata AIA Life Insurance InvestOne
InvestOne plan from Tata AIG Life Insurance is basically a non participating unit linked endowment insurance plan. Keep in mind that the linked insurance plans do not offer any liquidity during the first 5 years of the policy purchase. Now let’s check out the special features and benefits of the Tata AIA Life Insurance InvestOne plan below.
Invest One Key Features
- Tata AIA Life Insurance InvestOne plan, you will have to pay premium once and in exchange you can enjoy double benefits of insurance as well as market linked returns
- The policy offers alternative to select your policy tenure between 15 to 30 years
- To increase the maturity benefit, the policy offers Guaranteed Maturity Addition*
- InvestOne plan from Tata AIG offers Loyalty Additions* every 5 policy years starting from the 10th policy anniversary
- The policy comes with attractive premium allocation charges
- Gives you the flexibility to opt from 8 Fund options along with 2 new funds
- The available 8 funds for investment are as follows:
- Multi Cap Fund
- Large Cap Equity Fund
- Whole Life Aggressive Growth Fund
- India Consumption Fund
- Whole Life Mid Cap Equity Fund
- Whole Life Short-Term Fixed Income Fund
- Whole Life Income Fund
- Whole Life Stable Growth Fund
- The policy offers option of 2 investment Portfolio Strategies to choose from:
- Protect Returns Of Funds Increased Over Time (PROFIT)
- Enhanced Automatic Asset Allocation Plus (Enhanced AAAP)
- You can enjoy tax benefits under section 80C and 10 (10D) of the Income Tax Act, 1961
Eligibility Details for TATA AIA Life Insurance Invest One Plan
| Minimum | Maximum | |
|---|---|---|
| Entry Age (Last Birthday) | 30 days | 60 years |
| Maturity Age (Last Birthday) | 18 years | 75 years |
| Policy term | 15 years | 30 years |
| Premium Payable | Rs. 1 lakh | No limit |
| Premium Paying Term | Single Pay | |
| Sum Assured | 125% of the single premium paid | 1.5 to 5 times of the Single Premium Paid |
| Mode of Premium Payment | Single pay | |
Tata AIA Life Insurance Fortune Maxima
Fortune Maxima from Tata AIG is basically a non-participating unit linked whole of life insurance plan which has been designed to ensure financial security of your dear and near ones given that it is one of the prime objectives of life. The Tata AIA Life Insurance Fortune Maxima allows you to accomplish this critical life need with a superior degree of efficiency.
Fortune Maxima Key Features
- With Tata AIA Life Insurance Fortune Maxima, get insurance protection for your whole life by paying premiums once or for a limited time
- In order to boost your investments, Regular Loyalty Additions are credited to the policy under this plan
- The policy give you the flexibility to pick from 11 Fund options for increased investment opportunities
- Fortune Maxima from Tata AIG Life Insurance comes with the alternative to modify your plan with 3 additional unit deducting riders
- Offers you the choice of Regular Transfer Investment Portfolio Strategy and Enhanced Systematic Money Allocation
- To further enhance your portfolio, the policy offers top-up facility
- Gives you the flexibility of Partial Withdrawals after 5 policy years to meet your financial needs
- Avail tax benefits under section 80C and 10 (10D) of the Income Tax Act, 1961
Eligibility Details for TATA AIA Life Fortune Maxima Plan
| Minimum | Maximum | |
|---|---|---|
| Entry Age (Last Birthday) | 30 days | 60 years |
| Maturity Age (Last Birthday) | - | 100 years |
| Policy Tenure | 100 – age at which policy is issued | |
| Premium Paying Tenure |
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| Mode of Premium Payment |
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| Yearly Premium |
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Rs. 5 Lakhs for both Single and Limited Pay |
| Sum Assured |
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Tata AIA Life Insurance Fortune Pro
This life insurance plan is basically a non-participating unit linked endowment assurance plan from Tata AIA. Since you have worked so hard to earn your money, it’s now time to make your money work harder and multiply with Tata AIA Life Insurance Fortune Pro plan. This Tata AIA life insurance plan will make your money grow progressively over time. In addition, the policy also offers financial protection to your loved ones.
Fortune Pro Key Features
- Under this Tata AIA life insurance you will have to pay premiums once or for a limited period of time and you will get the insurance protection throughout policy term
- In order to boost your investments, Regular Loyalty Additions are credited to the policy under this plan
- To provide you with enhanced investment opportunities, this Tata AIA life insurance policy gives you the flexibility to pick from 11 Fund options
- The policy give you the alternative to modify your plan with 3 additional unit deducting riders
- Tata AIA Life Insurance Fortune Pro plan comes with the choice of Regular Transfer Investment Portfolio Strategy and Enhanced Systematic Money Allocation
- To further expand your portfolio, the policy also offers top-up facility
- After five policy years, this Tata AIA life insurance policy offers flexibility of Partial Withdrawals to meet your financial requirements
- The policy provides you with settlement option on Maturity. This way the plan enables you to receive the maturity amount either in installments over a period of time or in lump sum
- You can avail tax benefits under section 80C and 10 (10D) of the Income Tax Act, 1961
Eligibility Details for TATA AIA Life Insurance Fortune Pro Plan
| Minimum | Maximum | |
|---|---|---|
| Entry Age (Last Birthday) | 30 days | 59 years |
| Maturity Age (Last Birthday) | 18 years | 75 years |
| Policy Term | 15 years | 40 years |
| Premium Payable |
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Rs. 5 lakhs |
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Tata AIA Life Insurance Wealth Maxima
This is basically a non-participating unit linked whole of life plan from Tata AIA. Tata AIA Life Insurance Wealth Maxima plan makes sure that you get the best financial protection along with excellent investment opportunities for all the time to come.
Wealth Maxima Key Features
- Under Tata AIA Life Insurance Wealth Maxima plan, you will have to pay premiums once or for a limited period and stay protected for your whole life
- In order to boost your investments, Regular Loyalty Additions are credited to the policy
- For enhanced investment opportunities, the policy offers flexibility to opt from 11 Fund options
- Comes with the alternative to modify your plan with 3 additional unit deducting riders
- The policy provides you with the choice of Regular Transfer Investment Portfolio Strategy & Enhanced Systematic Money Allocation
- This Tata AIA life insurance plan offers top-up facility to further boost your portfolio
- After five policy years, the policy offers Flexibility of Partial Withdrawals so that you can meet your financial needs
- You can enjoy tax benefits under section 80C and 10 (10D) of the Income Tax Act, 1961
Eligibility Details for TATA AIA Life Insurance Wealth Maxima Plan
| Minimum | Maximum | |
|---|---|---|
| Entry Age (Last Birthday) | 30 days | 60 years |
| Maturity Age (Last Birthday) | NA | 100 years |
| Plan tenure | (100 – entry age) years | |
| Premium payable |
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No limit |
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Tata AIA Life Insurance Wealth Pro
This is basically a non-participating unit linked endowment assurance plan Tata AIA Life Insurance. This plan has been designed to offer gains from smart investment and convert it into wealth. Tata AIA Life Insurance Wealth Pro plan helps grow your money into wealth so that your aspirations and dreams never fall short of income. Investment in this plan can help you to accomplish your medium to long-term goals, for instance, children's education, wealth creation, retirement planning etc.
Wealth Pro Key Features
- Under this Tata AIA Life Insurance Plan, you will have to pay premiums for one time or for a limited period of time and you can get protection throughout the policy tenure
- To boost your investments, the policy credits Regular Loyalty Additions
- You will have the flexibility to pick from 11 Fund options for improved investment opportunities
- The policy comes with the alternative to tailor your plan with 3 additional unit deducting riders
- The policy offers you the choice of Regular Transfer Investment Portfolio Strategy & Enhanced Systematic Money Allocation
- You can further augment your portfolio with the top-up facility offered under AIA Life Insurance Wealth Pro plan
- Provides you with the flexibility of Partial Withdrawals after five policy years so that you can meet your financial requirements
- This Tata AIA Life Insurance Plan offers settlement option is on Maturity. As a result, it enables you to receive the maturity amount either in installments over a period of time or is a lump sum
- You can avail tax benefits under section 80C and 10 (10D) of the Income Tax Act, 1961
Eligibility Details for TATA AIA Life Insurance Wealth Pro Plan
| Minimum | Maximum | |
|---|---|---|
| Entry Age (Last Birthday) | 30 days | 60 years |
| Maturity Age (Last Birthday) | 18 years | 75 years |
| Plan tenure | 15 years | 40 years |
| Premium payable |
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No limit |
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