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TATA AIG LIFE - MahaLife Gold
Plan Highlights
| Key Feature |
A whole life policy where the life insurance cover doubles up as an annuity plan, and generates guaranteed annual tax free income. |
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| Best Suited For |
People seeking whole life cover with premiums to be paid for 15 years and a guaranteed income. |
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| Features |
1) Guaranteed annual payments of 5% of the sum assured for life from the 10th policy anniversary onwards. This amount is tax-free.
2) Premiums are payable for 15 years from the date of commencement of the policy for a lifetime coverage.
3) Cash dividends paid each year from the 6th year of the commencement of the policy (subject to the company's performance).
4) Policyholder can enhance benefits under the policy by adding any of the Accident benefits, Disability benefits, Term benefits or Critical Illness riders at a marginal incremental premium.
5) Policy has 3 premium paying bands. 0-35, 36-45 and 46-50.
6) 15 day money back guarantee if dissatisfied.
7) Cancellation / surrender of policy any time after 3 years.
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Benifits
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| Maturity Benifits |
On maturity at age 100, the full sum assured is payable.
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| Survival Benifits |
Guaranteed annual payments of 5% of the sum assured for life from the 10th policy anniversary onwards. |
| Death Benifits (Natural) |
Full sum assured is payable, irrespective of earlier survival benefits. |
| Death Benifits (Accidental) |
Accidental Death Benefit sum assured is paid to the nominee. |
Other Benefits
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Not Applicable.
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Policy Features
| Type |
Whole Life Policy |
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| House Loan |
Yes |
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| General Loan |
Yes |
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| Premium Paying options |
Yearly, Half-Yearly, Quarterly, Monthly |
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| Period of Life Insurance |
Whole Life |
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