Wednesday, January 16, 2008

Tata-AIG Life Unveils Unit-Linked Policy

Tata-AIG Life Insurance Co Ltd, a joint venture between the Tata group and American International Group Inc (AIG), launched a unit-linked insurance plan called InvestAssure Flexi in Kolkata on Jan 15. Speaking at the national launch of the product, Tata-AIG Managing Director Trevor Bull said: InvestAssure Flexi would enable investors to manage their risk-return balance by providing them flexibility to customise their investment portfolio while providing inbuilt tailored protection. For a plan where 10 or more annual premiums are paid, the policy also offers a guaranteed bonus at maturity. The product also offers maturity till 80 years of age. Customers have the flexibility to choose the sum assured of up to 60 times the annual premium, he said, adding that customers can avail of this policy 30 days from birth till the age of 70 years.

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