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| Tata AIG Life launches ‘InvestAssure Plus’ | | A single premium unit linked plan that offers an opportunity to create long term capital | | Jammu, September 20, 2006
Tata AIG Life Insurance Company Limited (Tata AIG
Life) today announced the launch of its single premium unit linked plan -
InvestAssure Plus. This plan combines the security of a life insurance plan
and provides the opportunity to earn higher, market linked returns.
InvestAssure Plus is the easy investment policy option available for
individuals, who are looking at investing lump sum cash for long term tenure
of 15, 20, 25 and 30 years. The premium paid under this policy is eligible
for tax deduction under Section 80C of the Income Tax Act, 1961.
InvestAssure Plus will provide the policy holder with the option of
investing under the following 5 investment funds:
The policy holder has the option of choosing different investment funds
depending on the prevailing market conditions and his risk taking appetite.
Speaking on the occasion, Mr. Trevor Bull, Managing Director, Tata AIG Life
Insurance Company Limited said, "We are pleased to reinforce our product
offering in the unit linked segment with the launch of InvestAssure Plus - a
single premium unit linked insurance product that is aimed at creating long
term capital by generating market linked returns while providing simplicity
and convenience of investment and protection. The launch of InvestAssure
Plus comes close on the heels of the new IRDA guidelines for unit linked
products and the addition of InvestAssure Plus to our exiting product suite
will enable us to fulfill the new needs of our existing customers and meet
the needs of fresh customer type." |
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